Board of Governors of the Federal Reserve System

Instructions for Preparation of

Consolidated Financial Statements for

Holding Companies

Reporting Form FR Y-9C

Effective June 2021
Contents for

Y-9C Instructions

Organization of the Instruction Book

The instruction book is divided into three sections:

(1) The General Instructions describing overall reporting requirements.

(2) The Line Item Instructions for each schedule of

the report for the consolidated holding company.

(3) The Glossary presenting, in alphabetical order, definitions and discussions of accounting treatments

under generally accepted accounting principles

(GAAP) and other topics that require more extensive

treatment than is practical to include in the line item

instructions or that are relevant to several line items

or to the overall preparation of these reports.

In determining the required treatment of particular transactions or portfolio items or in determining the definitions and scope of the various items, the General Instructions, the line item instructions, and the Glossary (all of

which are extensively cross-referenced) must be used

jointly. A single section does not necessarily give the

complete instructions for completing all the items of the

reports. The instructions and definitions in section (2) are

not necessarily self-contained; reference to more detailed

treatments in the Glossary may be needed. However, the

Glossary is not, and is not intended to be, a comprehensive discussion of accounting principles or

reporting.

Additional copies of this instruction book may be obtained

from the Federal Reserve Bank in the district where the

reporting holding company submits its FR Y-9C reports,

or may be found on the Federal Reserve Board’s public

website (www.federalreserve.gov).

FR Y-9C Contents-1

Contents March 2013
GENERAL INSTRUCTIONS FOR PREPARATION OF FINANCIAL STATEMENTS

FOR HOLDING COMPANIES

Who Must Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GEN-1

A. Reporting Criteria . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GEN-1

B. Exemptions from Reporting the Holding Company Statements . . . . . . . . . . . . . . . . . . . . . . . GEN-2

C. Shifts in Reporting Status . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GEN-2

Where to Submit the Reports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GEN-2

When to Submit the Reports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GEN-3

How to Prepare the Reports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GEN-3

A. Applicability of GAAP, Consolidation Rules and SEC Consistency . . . . . . . . . . . . . . . . . . GEN-3

Scope of the “consolidated holding company” to be reported in the

submitted reports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GEN-3

Rules of consolidation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GEN-4

Reporting by type of office (for holding companies with foreign offices) . . . . . . . . . . . . . . GEN-4

Exclusions from coverage of the consolidated report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GEN-4

B. Report Form Captions, Non-applicable Items and Instructional Detail . . . . . . . . . . . . . . . . GEN-5

C. Rounding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GEN-5

D. Negative Entries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GEN-6

E. Confidentiality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GEN-7

F. Verification and Signatures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GEN-7

G. Amended Reports . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GEN-7

Contents

Contents-2 FR Y-9C

Contents March 2020
LINE ITEM INSTRUCTIONS FOR THE CONSOLIDATED FINANCIAL STATEMENTS

FOR HOLDING COMPANIES

Schedule HI—Consolidated Income Statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . HI-1

Schedule HI-A—Changes in Equity Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . HI-A-1

Schedule HI-B—Charge-Offs and Recoveries on Loans and Leases and Changes in

Allowances for Credit Losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . HI-B-1

Schedule HI-C—Disaggregated Data on the Allowance for Loan and Lease Losses . . . . . . . . HI-C-1

Notes to the Income Statement—Predecessor Financial Items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - ISnotes-P-1

Notes to the Income Statement—Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ISnotes-1

Schedule HC—Consolidated Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . HC-1

Schedule HC-B—Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . HC-B-1

Schedule HC-C—Loans and Lease Financing Receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . HC-C-1

Schedule HC-D—Trading Assets and Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . HC-D-1

Schedule HC-E—Deposit Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . HC-E-1

Schedule HC-F—Other Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . HC-F-1

Schedule HC-G—Other Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . HC-G-1

Schedule HC-H—Interest Sensitivity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . HC-H-1

Schedule HC-I—Insurance-Related Underwriting Activities (Including Reinsurance) . . . . . . HC-I-1

Schedule HC-K—Quarterly Averages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . HC-K-1

Schedule HC-L—Derivatives and Off-Balance Sheet Items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . HC-L-1

Schedule HC-M—Memoranda . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . HC-M-1

Schedule HC-N—Past Due and Nonaccrual Loans, Leases, and Other Assets . . . . . . . . . . . . . . HC-N-1

Schedule HC-P—Closed-End 1-4 Family Residential Mortage Banking Activities. . . . . . . . . . HC-P-1

Schedule HC-Q—Financial Assets and Liabilities Measured at Fair Value . . . . . . . . . . . . . . . . . HC-Q-1

Schedule HC-R—Regulatory Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . HC-R-1

Schedule HC-S—Servicing, Securitization, and Asset Sale Activities . . . . . . . . . . . . . . . . . . . . . HC-S-1

Schedule HC-V—Variable Interest Entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . HC-V-1

Notes to the Balance Sheet—Predecessor Financial Items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - BSnotes-P-1

Notes to the Balance Sheet—Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BSnotes-1

Contents

FR Y-9C Contents-3

Contents March 2019
GLOSSARY

Acceptances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL- 1

Accounting Changes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL- 1

Accounting Errors, Corrections of . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL- 3

Accounting Estimates, Changes in . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL- 3

Accounting Principles, Changes in . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL- 3

Accrued Interest Receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL- 3

Accrued Interest Receivable Related to Credit Card Securitizations . . . . . . . . . . . . . . . . . . . . . . . GL- 4

Acquisition, Development, or Construction (ADC) Arrangements . . . . . . . . . . . . . . . . . . . . . . . . . GL- 5

Agreement Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL- 5

Allowance for Credit Losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL- 5

Allowance for Loan and Lease Losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL- 8

Amortized Cost Basis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-10

Applicable Income Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-10

Associated Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-10

ATS Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-10

Bankers’ Acceptances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-10

Bank-Owned Life Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-12

Banks, U.S. and Foreign . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-13

Bill-of-Lading Draft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-14

Borrowings and Deposits in Foreign Offices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-15

Brokered Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-15

Brokered Retail Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-15

Broker’s Security Draft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-16

Business Combinations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-16

Call Option . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-19

Capital Contributions of Cash and Notes Receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-19

Capitalization of Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-20

Carrybacks and Carryforwards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-21

Certificate of Deposit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-21

Changes in Accounting Estimates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-21

Changes in Accounting Principles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-21

Commercial Banks in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-21

Commercial Letter of Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-21

Commercial Paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-21

Commodity or Bill-of-Lading Draft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-21

Common Stock of Unconsolidated Subsidiaries, Investments in . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-21

Contents

Contents-4 FR Y-9C

Contents March 2020
Continuing Contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-21

Contractholder . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-21

Corporate Joint Venture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-21

Corrections of Accounting Errors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-21

Coupon Stripping, Treasury Receipts, and STRIPS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-21

Custody Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-22

Dealer Reserve Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-22

Debt Issuance Cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-22

Deferred Compensation Agreements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-23

Deferred Income Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-24

Defined Benefit Post Retirement Plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-24

Demand Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-25

Depository Institutions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-25

Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-25

Derivative Contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-32

Discounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-36

Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-37

Domestic Office . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-37

Domicile . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-37

Due Bills . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-37

Edge and Agreement Corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-38

Equity-Indexed Certificates of Deposit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-38

Equity Method of Accounting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-39

Excess Balance Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-40

Extinguishments of Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-40

Fails . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-41

Fair Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-41

Federal Funds Transactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-42

Federally-Sponsored Lending Agency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-43

Fees, Loan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-43

Foreclosed Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-43

Foreign Banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-49

Foreign Central Banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-49

Foreign Currency Transactions and Translation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-49

Foreign Debt Exchange Transactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-50

Foreign Governments and Official Institutions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-51

Foreign Office . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-51

Forward Contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-51

Contents

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Contents March 2020
Functional Currency . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-51

Futures, Forward, and Standby Contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-51

Goodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-52

Hypothecated Deposit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-55

IBF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-55

Income Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-55

Insurance Commissions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-61

Insurance Premiums . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-61

Insurance Underwriting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-61

Intangible Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-61

Interest-Bearing Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-61

Interest Capitalization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-61

Internal-Use Computer Software . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-61

International Banking Facility (IBF) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-62

Investments in Common Stock of Unconsolidated Subsidiaries . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-63

Joint Venture . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-63

Lease Accounting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-63

Letter of Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-64

Limited-Life Preferred Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-65

Loan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-65

Loan Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-66

Loan Impairment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-68

Loans Secured By Real Estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-69

Loss Contingencies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-71

Mandatory Convertible Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-71

Market (Fair)Value of Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-71

Mergers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-71

Money Market Deposit Account (MMDA) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-71

Mortgages, Residential, Participations in Pools of . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-71

NOW Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-71

Nonaccrual Status . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-71

Noninterest-Bearing Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-74

Nontransaction Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-74

Notes and Debentures Subordinated to Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-74

Offsetting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-74

One-Day Transaction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-75

Option . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-75

Organization Costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-75

Contents

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Contents March 2020
Other Real Estate Owned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-75

Other-Than-Temporary Impairment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-75

Overdraft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-75

Participations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-75

Participations in Acceptances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-76

Participations in Pools of Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-76

Pass-through Reserve Balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-76

Perpetual Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-76

Perpetual Preferred Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-76

Policyholder . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-76

Pooling of Interests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-76

Pools of Residential Mortgages, Participations in . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-76

Pools of Securities, Participations in . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-76

Preauthorized Transfer Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-76

Preferred Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-76

Premiums and Discounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-76

Private Company . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-77

Public Business Entity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-77

Purchase Acquisition . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-78

Purchased Credit Deteriorated Assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-78

Purchased Impaired Loans and Debt Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-79

Put Option . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-81

Real Estate, Loan Secured by . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-81

Reciprocal Balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-81

Reinsurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-81

Reinsurance Recoverables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-81

Renegotiated “Troubled” Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-81

Repurchase Agreements to Maturity and Long-Term Repurchase Agreements . . . . . . . . . . . . . GL-81

Repurchase/Resale Agreements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-81

Reserve Balances, Pass-through . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-83

Revenue from Contracts with Customers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-83

Sales of Assets for Risk-Based Capital Purposes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-84

Savings Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-87

Securities Activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-87

Securities Borrowing/Lending Transactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-91

Securities, Participations in Pools of . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-91

Separate Accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-91

Servicing Assets and Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-91

Contents

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Contents March 2020
Settlement Date Accounting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-93

Shell Branches . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-93

Short Position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-93

Standby Contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-94

Standby Letter of Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-94

Start-Up Activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-94

STRIPS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-94

Subordinated Notes and Debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-94

Subsidiaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-95

“Super NOW” Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-95

Suspense Accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-95

Syndications . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-95

Telephone Transfer Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-95

Term Federal Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-95

Time Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-95

Trade Date and Settlement Date Accounting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-96

Trading Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-96

Transaction Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-97

Transfers of Financial Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-97

Traveler’s Letter of Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-102

Treasury Stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-102

Troubled Debt Restructuring . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-103

Trust Preferred Securities as Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-106

Trust Preferred Securities Issued . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-106

U.S. Banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-106

U.S. Territories and Possessions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-106

Valuation Allowance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-106

Variable Interest Entity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-107

When-Issued Securities Transactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-108

Yield Maintenance Dollar Repurchase Agreement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . GL-108

FR Y-9C Federal Reserve Validity Edits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CHK-1

FR Y-9C Federal Reserve Quality, Interseries, and Intraseries Edits . . . . . . . . . . . . . . . . . . EDIT-1

Contents

Contents-8 FR Y-9C

Contents March 2020
INSTRUCTIONS FOR PREPARATION OF

Financial Statements for

Holding Companies

For purposes of this report, all references to “bank(s)” and “associated bank(s)” are

inclusive of “savings association(s)” unless otherwise noted.

GENERAL INSTRUCTIONS

Who Must Report

A. Reporting Criteria

All bank holding companies, savings and loan holding

companies,1 securities holding companies and U.S. intermediate holding companies (collectively “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 holding

company depend upon the size of the holding company,

or other specific factors as determined by the appropriate

Federal Reserve Bank. Holding companies must file the

appropriate forms as described below:

(1) Holding Companies with Total ConsolidatedAssets

of $3 billion or More. Holding companies with total

consolidated assets of $3 billion or more (the top tier

of a multi-tiered holding company, when applicable)

must file:

(a) the Consolidated Financial Statements for Holding Companies (FR Y-9C) quarterly, as of the last

calendar day of March, June, September, and

December.

(b) the Parent Company Only Financial Statements

for Large Holding Companies (FR Y-9LP) quarterly, as of the last calendar day of March, June,

September, and December.

Each holding company that files the FR Y-9C

must submit the FR Y-9LP for its parent company.

For tiered holding companies. When holding companies with total consolidated assets of $3 billion, or

more, own or control, or are owned or controlled by,

other holding companies (i.e., are tiered holding

companies), only the top-tier holding company must

file the FR Y-9C for the consolidated holding company organization unless the top-tier holding company is exempt from reporting the FR Y-9C. If a

top-tier holding company is exempt from reporting

the FR Y-9C, then the lower-tier holding company

(with total consolidated assets of $3 billion or more)

must file the FR Y-9C.

In addition, such tiered holding companies, regardless of the size of the subsidiary holding companies,

must also submit, or have the top-tier holding company subsidiary submit, a separate FR Y-9LP for

each lower-tier holding company of the top-tier

holding company.

(2) Holding Companies that are Employee Stock Ownership Plans. 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 Ownership Plan Holding Companies (FR Y-9ES) on an annual basis, as of

December 31. No other FR Y-9 series form is required.

However, holding companies that are subsidiaries of

ESOP holding companies (i.e., a tiered holding company) must submit the appropriate FR Y-9 series in

accordance with holding company reporting requirements.

(3) Holding Companies with Total ConsolidatedAssets

of Less Than $3 billion. Holding companies with

total consolidated assets of less than $3 billion must

file the Parent Company Only Financial Statements

for Small Holding Companies (FR Y-9SP) on a

1. 1. Savings and loan holding companies (SLHCs) do not include

any trust (other than a pension, profit-sharing, stockholders’ voting, or

business trust) which controls a savings association if such trust by its

terms must terminate within 25 years or not later than 21 years and 10

months after the death of individuals living on the effective date of the

trust, and (a) was in existence and in control of a savings association on

June 26, 1967, or, (b) is a testamentary trust. See Section 238.2 of the

interim final rule for more information.

FR Y9C GEN-1

General Instructions September 2018
semiannual basis, as of the last calendar day of June

and December.2

For tiered holding companies. When holding companies with total consolidated assets of less than

$3 billion, own or control, or are owned or controlled

by, other holding companies (i.e., are tiered holding

companies), the top-tier holding company must file

the FR Y-9SP for the top-tier parent company of the

holding company. In addition, such tiered holding

companies must also submit, or have the holding

company subsidiary submit, a separate FR Y-9SP for

each lower-tier holding company.

When a holding company that has total consolidated

assets of less than $3 billion is a subsidiary of a

holding company that files the FR Y-9C, the holding

company that has total consolidated assets of less

than $3 billion would report on the FR Y-9LP rather

than the FR Y-9SP.

The instructions for the FR Y-9LP, FR Y-9ES, and the

FR Y-9SP are not included in this booklet but may be

obtained from the Federal Reserve Bank in the district

where the holding company files its reports, or may be

found on the Federal Reserve Board’s public website

(www.federalreserve.gov/apps/reportforms).

B. Exemptions from Reporting the

Holding Company Financial

Statements

The following holding companies do not have to file

holding company financial statements:

(1) a holding company that has been granted an exemption under Section 4(d) of the Bank Holding Company Act; or

(2) a ‘‘qualified foreign banking organization’’ as defined

by Section 211.23(a) of Regulation K (12 CFR

211.23(a)) that controls a U.S. subsidiary bank.

Holding companies that are not required to file under the

above criteria may be required to file this report by the

Federal Reserve Bank of the district in which they are

registered.

C. Shifts in Reporting Status

A top-tier holding company that reaches $3 billion or

more in total consolidated assets as of June 30 of the

preceding year must begin reporting the FR Y-9C and the

FR Y-9LP in March of the current year, and any lowertier holding companies must begin reporting the FR

Y-9LP in March of the current year. If a top-tier holding

company reaches $3 billion or more in total consolidated

assets due to a business combination, a transaction

between entities under common control, or a branch

acquisition that is not a business combination, then the

holding company must begin reporting the FR Y-9C and

the FR Y-9LP with the first quarterly report date following the effective date of the business combination, a

transaction between entities under common control, or

branch acquisition, and any lower-tier holding companies

must begin reporting the FR Y-9LP with the first quarterly report date following the effective date. In general,

once a holding company reaches or exceeds $3 billion in

total consolidated assets and begins filing the FR Y-9C

and FR Y-9LP, it should file a complete FR Y-9C and FR

Y-9LP going forward (and any lower-tier holding companies should file a complete FR Y-9LP going forward).

If a holding company’s total consolidated assets should

subsequently fall to less than $3 billion for four consecutive quarters, then the holding company may revert to

filing the FR Y-9SP (and any lower-tier holding companies in those organizations may revert to filing the FR

Y-9SP).

Where to Submit the Reports

Electronic Submission

All holding companies must submit their completed

reports electronically. Holding companies should contact

their district Reserve Bank or go to www.frbservices.org/

2. 2. The Reserve Bank with whom the reporting holding company

files its reports may require that a holding company with total consolidated

assets of less than $3 billion submit the FR Y-9C and the FR Y-9LP

reports to meet supervisory needs. Reserve Banks will consider such

criteria including, but not limited to, whether the holding company (1) is

engaged in significant nonbanking activities either directly or through a

nonbank subsidiary; (2) conducts significant off-balance-sheet activities,

including securitizations or managing or administering assets for third

parties, either directly or through a nonbank subsidiary; or (3) has a

material amount of debt or equity securities (other than trust preferred

securities) outstanding that are registered with the Securities and Exchange

Commission.

In addition, any 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.

General Instructions

GEN-2 FR Y9C

General Instructions September 2018
centralbank/reportingcentral/index.html for procedures

for electronic submission.

When to Submit the Reports

The Consolidated Financial Statements for Holding Companies (FR Y-9C) are required to be submitted as of

March 31, June 30, September 30, and December 31. The

submission date for holding companies is 40 calendar

days after the March 31, June 30, and September 30 as of

dates unless that day falls on a weekend or holiday

(subject to timely filing provisions). The submission date

for holding companies is 45 calendar days after the

December 31 as of date. For example, the June 30 report

must be received by August 9, and the December 31 report

by February 14.

The term ‘‘submission date’’ is defined as the date by

which the Federal Reserve must receive the holding

company’s FR Y-9C.

If the submission deadline falls on a weekend or holiday,

the report must be received on the first business day after

the Saturday, Sunday, or holiday. Earlier submission aids

the Federal Reserve in reviewing and processing the

reports and is encouraged. No extensions of time for

submitting reports are granted.

The reports are due by the end of the reporting day on

the submission date (5:00 P.M. at each district Reserve

Bank).

How to Prepare the Reports

A. Applicability of GAAP, Consolidation

Rules and SEC Consistency

Holding companies are required to prepare and file the

Consolidated Financial Statements for Holding Companies in accordance with generally accepted accounting

principles (GAAP) and these instructions. All reports

shall be prepared in a consistent manner. The holding

company’s financial records shall be maintained in such a

manner and scope so as to ensure that the Consolidated

Financial Statements for Holding Companies can be

prepared and filed in accordance with these instructions

and reflect a fair presentation of the holding company’s

financial condition and results of operations.

Holding companies should retain workpapers and other

records used in the preparation of these reports.

A holding company that is a private company, as defined

in U.S. GAAP (and discussed in the Glossary entry for

“public business entity”), is permitted to use private

company accounting alternatives issued by the FASB

when preparing its FR Y-9C report. If the Federal

Reserve determines that a particular accounting principle

within U.S. GAAP, including a private company accounting alternative, is inconsistent with the statutorily specified supervisory objectives, the Federal Reserve may

prescribe an accounting principle for regulatory reporting

purposes that is no less stringent than U.S. GAAP. In such

a situation, a holding company would not be permitted to

use that particular private company accounting alternative or other accounting principle within U.S. GAAP for

FR Y-9C purposes. The Federal Reserve would provide

appropriate notice in the event an accounting alternative

or accounting principle was disallowed.

Subsequent Events

Subsequent events are events or transactions that occur

after the FR Y-9C balance sheet date, e.g., December 31,

but before the FR Y-9C report is filed. Consistent with

ASC Topic 855, Subsequent Events (formerly FASB

Statement No. 165 ‘‘Subsequent Events’’), an institution

shall recognize in the FR Y-9C report the effects of all

subsequent events (not addressed in other ASC Topics)

that provide additional evidence about conditions that

existed at the date of the FR Y-9C balance sheet (Schedule HC) including the estimates inherent in the process of

preparing the FR Y-9C report e.g., a loss that has been

incurred but not yet confirmed as of the FR Y-9C report

balance sheet date.

Scope of the ‘‘consolidated holding

company’’ to be reported in the submitted

reports

For purposes of this report, the holding company should

consolidate its subsidiaries on the same basis as it does

for its annual reports to the SEC or, for those holding

companies that do not file reports with the SEC, on the

same basis as described in generally accepted accounting

principles (GAAP). Generally, under the rules for consolidation established by the SEC and by GAAP, holding

companies should consolidate any company in which it

owns more than 50 percent of the outstanding voting

stock.

General Instructions

FR Y9C GEN-3

General Instructions March 2016
Each holding company shall account for any investments

in unconsolidated subsidiaries, associated companies,

and those corporate joint ventures over which the holding

company exercises significant influence according to the

equity method of accounting, as prescribed by GAAP.

The equity method of accounting is described in Schedule HC, item 8. (Refer to the Glossary entry for ‘‘subsidiaries’’ for the definitions of the terms subsidiary, associated company, and corporate joint venture.)

Rules of Consolidation

For purposes of these reports, all offices (i.e., branches,

subsidiaries, VIEs, and IBFs) that are within the scope of

the consolidated holding company as defined above are

to be reported on a consolidated basis. Unless the instructions specifically state otherwise, this consolidation shall

be on a line-by-line basis, according to the caption

shown. As part of the consolidation process, the results of

all transactions and all intercompany balances (e.g.,

outstanding asset/debt relationships) between offices,

subsidiaries, and other entities included in the scope of

the consolidated holding company are to be eliminated in

the consolidation and must be excluded from the Consolidated Financial Statements for Holding Companies. (For

example, eliminate in the consolidation (1) loans made

by the holding company to a consolidated subsidiary and

the corresponding liability of the subsidiary to the holding company, (2) a consolidated subsidiary’s deposits in

another holding company consolidated subsidiary and the

corresponding cash or interest-bearing asset balance of

the subsidiary, and (3) the intercompany interest income

and expense related to such loans and deposits of the

holding company and its consolidated subsidiary.)

Exception: For purposes of reporting the total assets of

captive insurance and reinsurance subsidiaries in Schedule HC-M, Memoranda, items 7(a) and 7(b), only, holding companies should measure the subsidiaries’ total

assets before eliminating intercompany transactions

between the consolidated subsidiary and other offices or

subsidiaries of the consolidated holding company. Otherwise, captive insurance and reinsurance subsidiaries

should be reported on a consolidated basis as described in

the preceding paragraph.

Subsidiaries of Subsidiaries. For a subsidiary of a holding company that is in turn the parent of one or more

subsidiaries:

(1) Each subsidiary shall consolidate its majority-owned

subsidiaries in accordance with the consolidation

requirements set forth above.

(2) Each subsidiary shall account for any investments in

unconsolidated subsidiaries, corporate joint ventures

over which the holding company exercises significant influence, and associated companies according

to the equity method of accounting.

Noncontrolling (minority) interests. A noncontrolling

interest, sometimes called a minority interest, is the

portion of equity in a holding company’s subsidiary not

attributable, directly or indirectly, to the parent holding

company. Report noncontrolling interests in the reporting

holding company’s consolidated subsidiaries in Schedule

HC, item 27(b), ‘‘Noncontrolling (minority) interests in

consolidated subsidiaries.’’ Report the portion of consolidated net income reported in Schedule HI, item 12, that is

attributable to noncontrolling interests in consolidated

subsidiaries of the holding company in Schedule HI, item

13.

Reporting by type of office (for holding

companies with foreign offices)

Some information in the Consolidated Financial Statements for Holding Companies are to be reported by type

of office (e.g., for domestic offices or for foreign offices)

as well as for the consolidated holding company. Where

information is called for by type of office, the information

reported shall be the office component of the consolidated item unless otherwise specified in the line item

instructions. That is, as a general rule, the office information shall be reported at the same level of consolidation

as the fully consolidated statement, shall reflect only

transactions with parties outside the scope of the consolidated holding company, and shall exclude all transactions

between offices of the consolidated holding company as

defined above. See the Glossary entries for ‘‘domestic

office’’ and ‘‘foreign office’’ for the definitions of these

terms.

Exclusions from coverage of the

consolidated report

Subsidiaries where control does not rest with the parent. If control of a majority-owned subsidiary by the

holding company does not rest with the holding company

because of legal or other reasons (e.g., the subsidiary is in

General Instructions

GEN-4 FR Y9C

General Instructions December 2014
bankruptcy), the subsidiary is not required to be consolidated for purposes of the report.2 Thus, the holding

company’s investments in such subsidiaries are not eliminated in consolidation but will be reflected in the reports

in the balance sheet item for ‘‘Investments in unconsolidated subsidiaries and associated companies’’ (Schedule

HC, item 8) and other transactions of the holding company with such subsidiaries will be reflected in the

appropriate items of the reports in the same manner as

transactions with unrelated outside parties. Additional

guidance on this topic is provided in accounting standards, including ASC Subtopic 810-10, Consolidation –

Overall (formerly FASB Statement No. 94, Consolidation of All Majority-Owned Subsidiaries).

Custody accounts. All custody and safekeeping activities

(i.e., the holding of securities, jewelry, coin collections,

and other valuables in custody or in safekeeping for

customers) should not to be reflected on any basis in the

balance sheet of the Consolidated Financial Statements

for Holding Companies unless cash funds held by the

bank in safekeeping for customers are commingled with

the general assets of the reporting holding company. In

such cases, the commingled funds would be reported in

the Consolidated Financial Statements for Holding Companies as deposit liabilities of the holding company.

For holding companies that file financial statements with

the Securities and Exchange Commission (SEC), major

classifications including total assets, total liabilities, total

equity capital and net income should generally be the

same between the FR Y-9C report filed with the Federal

Reserve and the financial statements filed with the SEC.

B. Report Form Captions, Non-applicable

Items and Instructional Detail

No caption on the report forms shall be changed in any

way. An amount or a zero should be entered for all items

except in those cases where (1) the reporting holding

company does not have any foreign offices; (2) the

reporting company does not have any depository institutions that are subsidiaries other than commercial banks;

or (3) the reporting holding company has no consolidated subsidiaries that render services in any fiduciary

capacity and its subsidiary banks have no trust departments. If the reporting holding company has only domestic offices, Schedule HC, items 13(b)(1) and 13(b)(2),

and Schedule HI, items 1(a)(2) and 2(a)(2) should be left

blank. If the reporting company does not have any

depository institutions that are subsidiaries other than

commercial banks, then Schedule HC-E, items 2(a)

through 2(e) should be left blank. If the reporting company does not have any trust activities, then Schedule HI,

item 5(a) should be left blank. A holding company

should leave blank memorandum items 9(a) through 9(d)

of Schedule HI if the reporting holding company does

not have average trading assets of $2 million or more

(reported on Schedule HC-K, item 4(a)) as of the March

31st report date of the current calendar year.

Holding companies who are not required to report Schedule HC-D or Schedule HC-Q may leave these schedules

blank. Savings and loan holding companies who are not

required to report Schedule HC-L, item 7(c)(1)(a)

through item 7(c)(2)(c), or all of Schedule HC-R may

leave these items blank.

There may be areas in which a holding company wishes

more technical detail on the application of accounting

standards and procedures to the requirements of these

instructions. Such information may often be found in the

appropriate entries in the Glossary section of these

instructions or, in more detail, in the GAAP standards.

Selected sections of the GAAP standards are referenced

in the instructions where appropriate. The accounting

entries in the Glossary are intended to serve as an aid in

specific reporting situations rather than a comprehensive

statement on accounting for holding companies.

Questions and requests for interpretations of matters

appearing in any part of these instructions should be

addressed to the appropriate Federal Reserve Bank (that

is, the Federal Reserve Bank in the district where the

holding company submits this report).

C. Rounding

For holding companies with total assets of less than $10

billion, all dollar amounts must be reported in thousands,

with the figures rounded to the nearest thousand. Items

less than $500 will be reported as zero. For holding

companies with total assets of $10 billion or more, all

dollar amounts may be reported in thousands, but each

holding company, at its option, may round the figures

reported to the nearest million, with zeros reported for the

thousands. For holding companies exercising this option,

amounts less than $500,000 will be reported as zero.

Rounding could result in details not adding to their stated

totals. However, to ensure consistent reporting, the

General Instructions

FR Y9C GEN-5

General Instructions September 2016
rounded detail items should be adjusted so that the totals

and the sums of their components are identical.

On the Consolidated Financial Statements for Holding

Companies, “Total assets” (Schedule HC, item 12) and

“Total liabilities and equity capital” (Schedule HC,

item 29), which must be equal, must be derived from

unrounded numbers and then rounded to ensure that these

two items are equal as reported. When reporting numeric

amounts, including dollar amounts, commas should not

be used to separate thousands, millions, and billions.

D. Negative Entries

Except for the items listed below, negative entries are

generally not appropriate on the FR Y-9C’s Balance

Sheet and should not be reported. Hence, assets with

credit balances must be reported in liability items and

liabilities with debit balances must be reported in asset

items, as appropriate, and in accordance with these instructions. Items for which negative entries may be made,

include:

(1) Schedule HC, item 8, ‘‘Investments in unconsolidated subsidiaries and associated companies.’’

(2) Schedule HC, item 9, ′′Direct and indirect investments in real estate ventures′′

(3) Schedule HC, item 26(a), ‘‘Retained earnings.’’

(4) Schedule HC, item 26(b), ‘‘Accumulated other

comprehensive income.’’

(5) Schedule HC, item 26(c), ‘‘Other equity capital

components. ’’

(6) Schedule HC, item 27(a), ‘‘Total holding company

equity capital.’’

(7) Schedule HC, item 28, ‘‘Total equity capital.’’

(8) Schedule HC-C, items 10, 10(a), and 10(b), on

‘‘Lease financing receivables (net of unearned

income).’’

(9) Schedule HC-P, item 5, ‘‘Noninterest income for

the quarter from the sale, securitization, and servicing of 1–4 family residential mortgage loans .’’

(10) Schedule HC-R, Part I item 2, ‘‘Retained Earnings.’’

(11) Schedule HC-R, Part I item 3, ‘‘Accumulated Other

Comprehensive Income (AOCI).

(12) Schedule HC-R, Part I item 9(a) ‘‘Net unrealized

gains (losses) on available-for-sale securities.’’

(13) Schedule HC-R, Part I item 9(b) ’’Net unrealized

loss on available-for-sale preferred stock classified

as an equity security under GAAP and availablefor-sale equity exposures.

(14) Schedule HC-R, Part I item 9(c) ‘‘Accumulated net

gains (losses) on cash flow hedges.’’

(15) Schedule HC-R, Part I item 9(d) ‘‘Amounts recorded

in AOCI attributed to defined benefit postretirement

plans resulting from the initial and subsequent

application of the relevant GAAP standards that

pertain to such plans.’’

(16) Schedule HC-R, Part I item 9(e) ‘‘Net unrealized

gains (losses) on held-to-maturity securities that are

included in AOCI.’’

(17) Schedule HC-R, Part I item 9(f) ‘‘ Accumulated net

gain (loss) on cash flow hedges included in AOCI,

net of applicable income taxes, that relate to the

hedging of items that a are not recognized at fair

value on the balance sheet.

(18) Schedule HC-R, Part I item 10(a) Unrealized net

gain(loss) related to changes in the fair value of

liabilities that are due to changes in own credit risk.

(19) Schedule HC-R, Part I item 10(b) ‘‘All other deductions from (additions to) common equity tier 1

capital before threshold-based deductions.’’

(20) Schedule HC-R, Part I item 12, ‘‘Subtotal,’’

(21) Schedule HC-R, Part I item 19, “Common Equity

Tier 1 capital”

(22) Schedule HC-R, Part I item 26, “Tier 1 capital”

(23) Schedule HC-R Part I item 29, “Other deductions

from (additions to) assets for leverage ratio purposes”

(24) Schedule HC-R, Part I item 31, “Leverage Ratio”

(25) Schedule HC-R Part I item 45(a) and 45(b) “Total

Capital”

(26) Schedule HC-R Part I item 47 through 49, Riskbased capital ratios

(27) Schedule HC-R, Part I item 51, “Eligible retained

income,” and

General Instructions

GEN-6 FR Y9C

General Instructions March 2020
(28) Schedule HC-R Part II column B, “Adjustments to

Totals Reported in Column A,” for the asset categories in items 1 through 11

When negative entries do occur in one or more of these

items, they shall be recorded with a minus (2) sign rather

than in parenthesis.

On the Consolidated Report of Income (Schedule HI),

negative entries may appear as appropriate. Income items

with a debit balance and expense items with a credit

balance must be reported with a minus (2) sign.

E. Confidentiality

The completed version of this report generally is available to the public upon request on an individual basis

with the exception of any amounts reported in Schedule

HI, memoranda item 7(g), ‘‘FDIC deposit insurance

assessments,’’ for report dates beginning June 30, 2009,

and in Schedule HC-P, item 7(a), ‘‘Representation and

warranty reserves for 1-4 family residential mortgage

loans sold to U.S. government agencies and governmentsponsored agencies,’’ item 7(b), ‘‘Representation and

warranty reserves for 1-4 family residential mortgage

loans sold to other parties,’’ and Schedule HC-C, Part I,

Memorandum items 16.a and 16.b, for eligible loan

modifications under Section 4013 of the 2020 Coronavirus Aid, Relief, and Economic Security Act for report

dates beginning June 30, 2020. However, a reporting

holding company may request confidential treatment for

the Consolidated Financial Statements for Holding Companies (FR Y-9C) if the holding company is of the

opinion that disclosure of specific commercial or financial information in the report would likely result in

substantial harm to its competitive position, or that

disclosure of the submitted information would result in

unwarranted invasion of personal privacy.

A request for confidential treatment must be submitted in

writing prior to the electronic submission of the report.

The request must discuss in writing the justification for

which confidentiality is requested and must demonstrate

the specific nature of the harm that would result from

public release of the information. Merely stating that

competitive harm would result or that information is

personal is not sufficient.

Information for which confidential treatment is requested

may subsequently be released by the Federal Reserve

System if the Board of Governors determines that the

disclosure of such information is in the public interest.

F. Verification and Signatures

Verification. All addition and subtraction should be

double-checked before reports are submitted. Totals and

subtotals in supporting materials should be cross-checked

to corresponding items elsewhere in the reports. Before a

report is submitted, all amounts should be compared with

the corresponding amounts in the previous report. If there

are any unusual changes from the previous report, a brief

explanation of the changes should be provided to the

appropriate Reserve Bank.

Signatures. The Consolidated Financial Statements for

Holding Companies must be signed by the Chief Financial Officer of the holding company (or by the individual

performing this equivalent function). By signing the

cover page of this report, the authorized officer acknowledges that any knowing and willful misrepresentation or

omission of a material fact on this report constitutes fraud

in the inducement and may subject the officer to legal

sanctions provided by 18 USC 1001 and 1007.

Holding companies must maintain in their files a manually signed and attested printout of the data submitted.

The cover page of the Reserve Bank-supplied, holding

company’s software, or from the Federal Reserve’s website report form should be used to fulfill the signature and

attestation requirement and this page should be attached

to the printout placed in the holding company’s files.

G. Amended Reports

When the Federal Reserve’s interpretation of how GAAP

or these instructions should be applied to a specified

event or transaction (or series of related events or transactions) differs from the reporting holding company’s

interpretation, the Federal Reserve may require the holding company to reflect the event(s) or transaction(s) in its

FR Y-9C in accordance with the Federal Reserve’s

interpretation and to amend previously submitted reports.

The Federal Reserve will consider the materiality of such

event(s) or transaction(s) in making a determination

about requiring the holding company to apply the Federal

Reserve’s interpretation and to amend previously submitted reports. Materiality is a qualitative characteristic of

accounting information that is addressed in Financial

Accounting Standards Board (FASB) Concepts Statement No. 8, ‘‘Conceptual Framework for Financial

General Instructions

FR Y9C GEN-7

General Instructions June 2020
Reporting,’’ as follows: ‘‘Information is material if omitting it or misstating it could influence decisions that users

make on the basis of the financial information of a

specific reporting entity.’’ In other words, materiality is

an entity-specific aspect of relevance based on the nature

or magnitude or both of the items to which the information relates in the context of an individual entity’s

financial report.

The Federal Reserve may require the filing of amended

Consolidated Financial Statements for Holding Companies if reports as previously submitted contain significant

errors. In addition, a holding company should file an

amended report when internal or external auditors make

audit adjustments that result in a restatement of financial

statements previously submitted to the Federal Reserve.

The Federal Reserve also requests that holding companies that have restated their prior period financial statements as a result of an acquisition submit revised reports

for the prior year-ends. While information to complete all

schedules to the FR Y-9C may not be available, holding

companies are requested to provide the Consolidated

Balance Sheet (Schedule HC) and the Consolidated

Report of Income (Schedule HI) for the prior year-ends.

In the event that certain of the required data are not

available, holding companies should contact the appropriate Reserve Bank for information on submitting revised

reports.

General Instructions

GEN-8 FR Y9C

General Instructions March 2015
LINE ITEM INSTRUCTIONS FOR

Consolidated Report of Income

Schedule HI

The line item instructions should be read in conjunction with the Glossary and other

sections of these instructions. See the discussion of the Organization of the Instruction

Books in the General Instructions. For purposes of these line item instructions, the

FASB Accounting Standards Codification is referred to as “ASC.”

General Instructions

Report in accordance with these instructions all income

and expense of the consolidated holding company for the

calendar year-to-date. Include adjustments of accruals

and other accounting estimates made shortly after the end

of a reporting period which relate to the income and

expense of the reporting period.

For purposes of this report, a savings and loan holding

company should report income from its savings association(s), nonbank subsidiary(s) and subsidiary savings and

loan holding company(s) (as defined in section 238.2 of

Regulation LL) following the same guidelines and

accounting rules set forth in these instructions for all

holding companies.

Holding companies that began operating during the

reporting period should report in the appropriate items of

Schedule HI all income earned and expense incurred

since commencing operations. The holding company

should report pre-opening income earned and expenses

incurred from inception until the date operations commenced using one of the two methods described in the

Glossary entry for ‘‘start-up activities.’’

Business Combinations and Transactions between Entities Under Common Control − If the holding company

entered into a business combination that became effective

during the reporting period and which has been accounted

for under the acquisition method, report the income and

expense of the acquired business only after its acquisition. If the holding company was involved in a transaction between entities under common control that became

effective during the year-to-date reporting period and has

been accounted for in a manner similar to a pooling of

interests, report the income and expense of the combined

entities for the entire calendar year-to-date as though they

had combined at the beginning of the year. For further

information on business combinations and transactions

between entities under common control, see the Glossary

entry for “business combinations.”

Assets and liabilities accounted under the fair value

option — Under U.S. generally accepted accounting

principles (GAAP) (i.e., ASC Subtopic 825-10, Financial

Instruments – Overall (formerly FASB Statement No.

159, The Fair Value Option for Financial Assets and

Financial Liabilities), ASC Subtopic 815-15, Derivatives

and Hedging – Embedded Derivatives (formerly FASB

Statement No. 155, Accounting for Certain Hybrid

Financial Instruments), and ASC Subtopic 860-50, Transfers and Servicing – Servicing Assets and Liabilities

(formerly FASB Statement No. 156, Accounting for

Servicing of Financial Assets)), the holding company

may elect to report certain assets and liabilities at fair

value with changes in fair value recognized in earnings.

This election is generally referred to as the fair value

option. If the holding company has elected to apply the

fair value option to interest-bearing financial assets and

liabilities, it should report the interest income on these

financial assets (except any that are in nonaccrual status)

and the interest expense on these financial liabilities for

the year-to-date in the appropriate interest income and

interest expense items on Schedule HI, not as part of the

reported change in fair value of these assets and liabilities

for the year-to-date. The holding company should measure the interest income or interest expense on a financial

asset or liability to which the fair value option has been

applied using either the contractual interest rate on the

asset or liability or the effective yield method based on

the amount at which the asset or liability was first

recognized on the balance sheet. Although the use of the

contractual interest rate is an acceptable method under

GAAP, when a financial asset or liability has a significant

premium or discount upon initial recognition, the measurement of interest income or interest expense under the

effective yield method more accurately portrays the

economic substance of the transaction. In addition, in

FR Y-9C HI-1

Schedule HI March 2016
some cases, GAAP requires a particular method of

interest income recognition when the fair value option is

elected. For example, when the fair value option has been

applied to a beneficial interest in securitized financial

assets within the scope of ASC Subtopic 325-40,

Investments-Other – Beneficial Interests in Securitized

Financial Assets (formerly Emerging Issues Task Force

Issue No. 99-20, Recognition of Interest Income and

Impairment on Purchased and Retained Beneficial Interests in Securitized Financial Assets), interest income

should be measured in accordance with the consensus in

this issue. Similarly, when the fair value option has been

applied to a purchased impaired loan or debt security

accounted for under ASC Subtopic 310-30, Receivables

– Loans and Debt Securities Acquired with Deteriorated

Credit Quality (formerly AICPA Statement of Position

03-3, Accounting for Certain Loans or Debt Securities

Acquired in a Transfer), interest income on the loan or

debt security should be measured in accordance with this

Subtopic when accrual of income is appropriate. For

holding companies that have adopted Accounting Standards Update No. 2016-13 (ASU 2016-13), which governs the accounting for credit losses, when the fair value

option has been applied to an acquired loan or debt

security under ASC 326-20, “Financial InstrumentsCredit Losses—Measured at Amortized Cost,” interest

income on the loan or debt security should be measured

in accordance with Subtopic 310-10, “Receivables—

Overall,” regardless of whether or not management has

determined the asset to be purchased credit deteriorated

(PCD).

Revaluation adjustments, excluding amounts reported as

interest income and interest expense, to the carrying

value of all assets and liabilities reported in Schedule HC

at fair value under a fair value option (excluding servicing assets and liabilities reported in Schedule HC,

item 10, “Intangible assets,” and Schedule HC, item 20,

“Other liabilities,” respectively) resulting from the periodic marking of such assets and liabilities to fair value

should be reported as “Other noninterest income” in

Schedule HI, item 5(l).

However, the holding company should report in Schedule HI-A, item 12, “Other comprehensive income,” the

portion of the total change in the fair value of a liability

resulting from a change in the instrument-specific credit

risk (“own credit risk”) when the holding company has

elected to measure the liability at fair value in accordance

with the fair value option for financial instruments.

Line Item 1 Interest income.

Line Item 1(a) Interest and fee income on loans.

Report in the appropriate subitem all interest, fees, and

similar charges levied against or associated with all

assets reportable as loans in Schedule HC-C, items 1

through 9.

Deduct interest rebated to customers on loans paid before

maturity from gross interest earned on loans; do not

report as an expense.

Include as interest and fee income on loans:

(1) Interest on all assets reportable as loans extended

directly, purchased from others, sold under agreements to repurchase, or pledged as collateral for any

purpose.

(2) Loan origination fees, direct loan origination costs,

and purchase premiums and discounts on loans held

for investment, all of which should be deferred and

recognized over the life of the related loan as an

adjustment of yield under ASC Subtopic 310-20,

Receivables – Nonrefundable Fees and Other Costs

(formerly FASB Statement No. 91, Accounting for

Nonrefundable Fees and Costs Associated with Originating or Acquiring Loans and Initial Direct Costs of

Leases) as described in the Glossary entry for ‘‘loan

fees.’’ See exclusion (3) below.

For holding companies that have adopted ASU 2016-

13, which governs the accounting for credit losses,

the purchase premiums and discounts on loans held

for investment that management has determined to

be PCD and are measured at amortized cost, should

be adjusted to exclude the acquisition date allowance

for credit loss from the amortized cost basis of the

loans. For further information, see the Glossary entry

“Purchased Credit Deteriorated (PCD) loans and

debt securities.”

(1) Loan commitment fees (net of direct loan origination

costs) that must be deferred over the commitment

period and recognized over the life of the related loan

as an adjustment of yield under ASC Subtopic 310-20

as described in the Glossary entry for ‘‘loan fees.’’

(2) Investigation and service charges, fees representing a

reimbursement of loan processing costs, renewal and

past-due charges, prepayment penalties, and fees

charged for the execution of mortgages or agreements securing the holding company’s loans.

Schedule HI

HI-2 FR Y-9C

Schedule HI December 2020
(3) Charges levied against overdrawn accounts based on

the length of time the account has been overdrawn,

the magnitude of the overdrawn balance, or which

are otherwise equivalent to interest. See exclusion (6)

below.

(4) The contractual amount of interest income earned on

loans that are reported at fair value under a fair value

option.

Exclude from interest and fee income on loans:

(1) Fees for servicing real estate mortgages or other

loans that are not assets of the holding company

(report in Schedule HI, item 5(f), “Net servicing

fees”).

(2) Charges to merchants for the holding company’s

handling of credit card or charge sales when the

holding company does not carry the related loan

accounts on its books (report as ‘‘Other noninterest

income’’ in Schedule HI, item 5(l)). Holding companies may report this income net of the expenses

(except salaries) related to the handling of these

credit card or charge sales.

(3) Loan origination fees, direct loan origination costs,

and purchase premiums and discounts on loans held

for sale, all of which should be deferred until the loan

is sold (rather than amortized). The net fees or costs

and purchase premium or discount are part of the

recorded investment in the loan. When the loan is

sold, the difference between the sales price and the

recorded investment in the loan is the gain or loss on

the sale of the loan. See exclusion (4) below.

(4) Net gains (losses) from the sale of all assets reportable as loans (report in Schedule HI, item 5(i), ‘‘Net

gains (losses) on sales of loans and leases’’). Refer to

the Glossary entry for ‘‘transfers of financial assets.’’

(5) Reimbursements for out-of-pocket expenditures (e.g.,

for the purchase of fire insurance on real estate

securing a loan) made by the holding company for

the account of its customers. If the holding company’s expense accounts were charged with the

amount of such expenditures, the reimbursements

should be credited to the same expense accounts.

(6) Transaction or per item charges levied against deposit

accounts for the processing of checks drawn against

insufficient funds that the holding company assesses

regardless of whether it decides to pay, return, or

hold the check, so-called ‘‘NSF check charges’’

(report as ‘‘Service charges on deposit accounts (in

domestic offices),’’ in Schedule HI, item 5(b), or, if

levied against deposit accounts in foreign offices, as

‘‘Other noninterest income’’ in Schedule HI, item

5(l)). See inclusion (5) above.

(7) Interchange fees earned from credit card transactions

(report as ‘‘Other noninterest income’’ in Schedule

HI, item 5(l)).

Line Item 1(a)(1) Interest and fee income on loans

in domestic offices.

Report all interest, fees, and similar charges levied

against or associated with all loans in domestic offices

reportable in Schedule HC-C, items 1 through 9, column B for holding companies with foreign offices and

reportable in Schedule HC-C, items 1 through 9, for

holding companies with domestic offices only.

Line Item 1(a)(1)(a) Interest and fee income on

loans secured by 1-4 family residential properties.

Report all interest, fees, and similar charges levied

against or associated with all loans secured by 1-4 family

residential properties (in domestic offices) reportable in

Schedule HC-C, item 1(c), column B.

Line Item 1(a)(1)(b) Interest and fee income on all

other loans secured by real estate.

Report all interest, fees, and similar charges levied

against or associated with all loans secured by real estate

(in domestic offices) reportable in Schedule HC-C, items

1(a), 1(b), 1(d), and 1(e), column B. Include interest and

fee income on loans secured by 1-4 family residential

construction loans, but exclude such income on all other

loans secured by 1-4 family residential properties.

Line Item 1(a)(1)(c) Interest and fee income on all

other loans.

Report all interest, fees, and similar charges levied

against or associated with all other loans (in domestic

offices) (other than loans secured by real estate in domestic offices) reportable in Schedule HC-C, items 2 through

9, column B.

Schedule HI

FR Y-9C HI-3

Schedule HI March 2013
Line Item 1(a)(2) Interest and fee income on loans

in foreign offices, Edge and Agreement subsidiaries,

and IBFs.

Report all interest, fees, and similar charges levied

against or associated with all loans in foreign offices,

Edge and Agreement subsidiaries, and IBFs reportable in

Schedule HC-C, column A, items 1 through 9.

Line Item 1(b) Income from lease financing

receivables.

Report income from direct financing and leveraged leases

reportable in Schedule HC-C, item 10, “Lease financing

receivables (net of unearned income).” (See Glossary

entry for “lease accounting.”)

Include income from:

(1) Direct financing leases accounted for under ASC

Topic 840, Leases, by a holding company that has not

adopted ASC Topic 842, Leases;

(2) Direct financing and sales-type leases accounted for

under ASC Topic 842 by a holding company that has

adopted ASC Topic 842; and

(3) Leveraged leases accounted for under ASC Topic 840

(including leveraged leases that were grandfathered

upon the adoption of ASC Topic 842 and remain

grandfathered).

Exclude:

(1) Any investment tax credit associated with leased

property (include in Schedule HI, item 9, “Applicable income taxes” (on item 8.c)).

(2) Provision for losses on leases (report in Schedule HI,

item 4, ‘‘Provision for loan and lease losses’’).

(3) Rental fees applicable to operating leases for furniture and equipment rented to others (report in Schedule HI, item 5(l), ‘‘Other noninterest income’’).

Line Item 1(c) Interest income on balances due

from depository institutions.

Report all income on assets reportable in Schedule HC,

item 1(b), ‘‘Interest-bearing balances due from depository Institutions,’’ including interest-bearing balances

maintained to satisfy reserve balance requirements, excess

balances, and term deposits due from Federal Reserve

Banks. Include interest income earned on interest-bearing

balances due from depository institutions that are reported

at fair value under a fair value option.

Line Item 1(d) Interest and dividend income on

securities.

Report in the appropriate subitem all income on debt

securities that are reportable in Schedule HC-B, Securities. Include accretion of discount on securities for the

current period. Deduct current amortization of premium

on debt securities. (Refer to the Glossary entry for

“premiums and discounts.”)

Also include dividend income on equity securities with

readily determinable fair values not held for trading that

are reportable in Schedule HC, item 2(c).

Include interest and dividends on debt securities held in

the consolidated holding company’s held-to-maturity and

available-for-sale portfolios and dividends on equity

securities with readily determinable fair values not held

for trading, even if such securities have been lent, sold

under agreements to repurchase that are treated as borrowings, or pledged as collateral for any purpose.

Include interest received at the sale of debt securities to

the extent that such interest had not already been accrued

on the consolidated holding company’s books.

Do not deduct accrued interest included in the purchase

price of debt securities from income on securities and do

not charge to expense. Record such interest in a separate

asset account (to be reported in Schedule HC, item 11,

‘‘Other assets’’) to be offset upon collection of the next

interest payment.

Report income from detached U.S. Government security

coupons and ex-coupon U.S. Government securities not

held for trading in item 1(d)(3) as interest and dividend

income on ‘‘All other securities.’’ Refer to the Glossary

entry for ‘‘coupon stripping, Treasury receipts, and

STRIPS.’’

Exclude from interest and dividend income on securities:

(1) Realized gains (losses) on held-to-maturity securities

and on available-for-sale debt securities (report in

Schedule HI, items 6(a) and 6(b), respectively).

(2) Net unrealized holding gains (losses) on availablefor-sale debt securities (include the amount of such

net unrealized holding gains (losses) in Schedule HC,

item 26(b), “Accumulated other comprehensive

Schedule HI

HI-4 FR Y-9C

Schedule HI December 2020
income,” and the calendar year-to-date change in

such net unrealized holding gains (losses) in Schedule HI-A, item 10, ‘‘Other comprehensive income)’’.

(3) The year-to-date change in net realized and unrealized gains (losses), and any realized gains (losses),

on equity securities with readily determinable fair

values not held for trading (report in Schedule HI,

item 8(b).

(4) Income from advances to, or obligations of, majorityowned subsidiaries not consolidated, associated companies, and those corporate joint ventures over which

the consolidated holding company exercises significant influence (report as “Noninterest income” in the

appropriate subitem of Schedule HI, item 5).

Line Item 1(d)(1) U.S. Treasury securities and U.S.

government agency obligations (excluding

mortgage-backed securities).

Report income from all securities reportable in Schedule HC-B, item 1, ‘‘U.S. Treasury securities,’’ and item 2,

‘‘U.S. government agency obligations.’’ Include accretion

of discount on U.S. Treasury bills.

Line Item 1(d)(2) Mortgage-backed securities.

Report all income from securities reportable in Schedule HC-B, item 4, ‘‘Mortgage-backed securities.’’

Line Item 1(d)(3) All other securities.

Report in the appropriate subitem income from all other

debt securities and from all equity securities of companies domiciled in the U.S. that are reportable in

Schedule HC-B, item 3, ‘‘Securities issued by states and

political subdivisions in the U.S.,’’ item 5, ‘‘Asset-backed

securities (ABS),” and item 6, “Other debt securities.”

Also include income from all securities reportable in

Schedule HC, item 2(c), “Equity securities with readily

determinable fair values not held for trading.”

Exclude from interest and dividend income on all other

securities:

(1) Income from equity securities that do not have

readily determinable fair values (report as ‘‘Other

interest income’’ in Schedule HI, item 1(g)).

(2) The consolidated holding company’s proportionate

share of the net income or loss from its common

stock investments in domestic unconsolidated subsidiaries, associated companies, and those corporate

joint ventures over which the consolidated holding

company exercises significant influence (report

income or loss before discontinued operations in the

appropriate subitem of item 5 and report discontinued operations, net of applicable taxes and minority

interest, in Schedule HI, item 11).

Line Item 1(e) Interest income from trading

assets.

Note: 1(e) is to be completed by holding companies

with $5 billion or more in total assets. Holding companies with less than $5 billion in total assets should

report interest income from trading assets in 1(g),

Other interest income.

Report the interest income earned on assets reportable in

Schedule HC, item 5, ‘‘Trading assets.’’

Include accretion of discount on assets held in trading

accounts that have been issued on a discount basis, such

as U.S. Treasury bills and commercial paper.

Exclude gains (losses) and fees from trading assets,

which should be reported in Schedule HI, item 5(c),

‘‘Trading revenue.’’ Also exclude revaluation adjustments from the periodic marking to market of derivative

contracts held for trading purposes, which should be

reported as trading revenue in Schedule HI, item 5(c).

The effect of the periodic net settlements on these

derivative contracts should be included as part of the

revaluation adjustments from the periodic marking to

market of the contracts.

Line Item 1(f) Interest income on federal funds

sold and securities purchased under agreements to

resell.

Report the gross revenue from assets reportable in Schedule HC, item 3, ‘‘Federal funds sold and securities

purchased under agreements to resell.’’ Include the contractual amount of interest income earned on federal

funds sold and securities purchased under agreements to

resell that are reported at fair value under a fair value

option.

Line Item 1(g) Other interest income.

Report interest income and dividend income on assets

other than those assets properly reported in Schedule HC,

items 1-5.

Schedule HI

FR Y-9C HI-5

Schedule HI December 2020
(1) Interest income on real estate sales contracts reportable in Schedule HC, item 7, ‘‘Other real estate

owned.’’

(2) Interest income from advances to, or obligations of,

majority-owned subsidiaries not consolidated on this

report, associated companies, and those corporate

joint ventures over which the consolidated holding

company exercises significant influence.

Exclude the consolidated holding company’s proportionate share of the income or loss before discontinued operations from its common stock investments in

unconsolidated subsidiaries, associated companies,

and those corporate joint ventures over which the

holding company exercises significant influence

(report in item 5(l), ‘‘Other noninterest income’’) and

the consolidated holding company’s proportionate

share of discontinued operations of these entities

(report in item 12, ‘‘Discontinued operations net of

applicable taxes and minority interest’’).

(3) Interest received on other assets not specified above.

(4) Include interest income on receivables from foreclosures on fully and partially government-guaranteed

mortgage loans that are reportable in Schedule HC-F,

item 6.

(5) Dividend income on equity investments without readily determinable fair values that are reportable in

Schedule HC-F, item 4.

(6) Holding companies with less than $5 billion in assets

should report interest income from trading assets in

this line item.

Line Item 1(h) Total interest income.

Report the sum of items 1(a) through 1(g).

Line Item 2 Interest expense.

Line Item 2(a) Interest on deposits.

Report in the appropriate subitem all interest expense,

including amortization of the cost of merchandise or

property offered in lieu of interest payments, on deposits

reportable in Schedule HC, item 13(a)(2), “Interestbearing deposits in domestic offices,” and Schedule HC,

item 13(b)(2), “Interest-bearing deposits in foreign offices,

Edge and Agreement subsidiaries, and IBFs.”

Exclude the cost of gifts or premiums (whether in the

form of merchandise, credit, or cash) given to depositors

at the time of the opening of a new account or an addition

to, or renewal of, an existing account (report in Schedule

HI, item 7(d), ‘‘Other noninterest expense’’).

Include as interest expense on the appropriate category of

deposits finders’ fees, brokers’ fees, and other fees

related to any type of interest-bearing broker deposit

accounts (e.g., money market deposit accounts) that

represent an adjustment to the interest rate paid on

deposits the reporting bank acquires through brokers. If

these fees are paid in advance and are material they

should be capitalized and amortized over the term of the

related deposits. However, exclude fees levied by brokers

that are, in substance, retainer fees or that otherwise do

not represent an adjustment to the interest rate paid on

brokered deposits e.g., flat fees to administer the account

(report in Schedule HI, item 7(d), “Other noninterest

expense.”

Also include as interest expense the contractual amount

of interest expense incurred on deposits that are reported

at fair value under a fair value option. Deposits with

demand features (e.g., demand and savings deposits in

domestic offices) are generally not eligible for the fair

value option.

Deduct from the gross interest expense of the appropriate

category of time deposits penalties for early withdrawals,

or portions of such penalties, that represent the forfeiture

of interest accrued or paid to the date of withdrawal. If

material, portions of penalties for early withdrawals that

exceed the interest accrued or paid to the date of withdrawal should not be treated as a reduction of interest

expense but should be included in ‘‘Other noninterest

income’’ in Schedule HI, item 5(l).

Line Item 2(a)(1) Interest on deposits in domestic

offices.

Line Item 2(a)(1)(a) Interest on time deposits of

$250,000 or less.

Report interest expense on all time deposits reportable

in Schedule HC-E, items 1(d) and 2(d), “Time deposits of

$250,000 or less” in domestic offices of subsidiary

commercial banks and in domestic offices of other subsidiary depository institutions.

Line Item 2(a)(1)(b) Interest on time deposits of

more than $250,000.

Report in this item all interest expense reportable in

Schedule HC-E, items 1(e) and 2(e), “Time deposits of

Schedule HI

HI-6 FR Y-9C

Schedule HI March 2018
more than $250,000” in domestic offices of subsidiary

commercial banks and in domestic offices of other subsidiary depository institutions.

Line Item 2(a)(1)(c) Interest on other deposits.

Report interest expense on all deposits reportable in

Schedule HC, item 13(a)(2), ‘‘Interest-bearing deposits

in domestic offices,’’ excluding interest on time deposits

in domestic offices of subsidiary commercial banks and

in domestic offices of other subsidiary depository institutions, which are reportable in items 2(a)(1)(a) or

2(a)(1)(b) above.

Line Item 2(a)(2) Interest on deposits in foreign

offices, Edge and Agreement subsidiaries, and IBFs.

Report interest expense on all deposits in foreign offices

reportable in Schedule HC, item 13(b)(2), ‘‘Interestbearing deposits in foreign offices, Edge and Agreement

subsidiaries, and IBFs.’’

Line Item 2(b) Expense of federal funds

purchased and securities sold under agreements to

repurchase.

Report the gross expense of all liabilities reportable in

Schedule HC, item 14, ‘‘Federal funds purchased and

securities sold under agreements to repurchase.’’ Include

the contractual amount of interest expense incurred on

federal funds purchased and securities sold under agreements to repurchase that are reported at fair value under a

fair value option.

Report the income of federal funds sold and securities

purchased under agreements to resell in Schedule HI,

item 1(f); do not deduct from the gross expense reported

in this item. However, if amounts recognized as payables

under repurchase agreements have been offset against

amounts recognized as receivables under reverse repurchase agreements and reported as a net amount in

Schedule HC, Balance Sheet, in accordance with ASC

Subtopic 210-20, Balance Sheet – Offsetting (formerly

FASB Interpretation No. 41, Offsetting of Amounts

Related to Certain Repurchase and Reverse Repurchase

Agreements), the income and expense from these agreements may be reported on a net basis in Schedule HI,

Income Statement.

Line Item 2(c) Interest on trading liabilities and

other borrowed money.

Report the interest expense on all liabilities reportable in

Schedule HC, item 15, ‘‘Trading liabilities,’’ and item 16,

‘‘Other borrowed money.’’ Include the contractual amount

of interest expense incurred on other borrowed money

reported at fair value under a fair value option.

Include amortization of debt issuance costs associated

with other borrowed money (unless the borrowed money

reported at fair value under a fair value option, in which

case issuance costs should be expensed as incurred).

Line Item 2(d) Interest on subordinated notes and

debentures.

Note: Item 2(d) be completed by holding companies $5

billion or more in total assets. Holding companies with

less than $5 billion in total assets should report Interest

on Subordinated notes and debentures in 2(e), Other

Interest Expense.

Report the interest expense on all liabilities reportable in

Schedule HC, item 19(a), ‘‘Subordinated notes and

debentures.’’ Include the contractual amount of interest

expense incurred on subordinated notes and debentures

reported at fair value under a fair value option.

Include the interest expense of mandatory convertible

securities associated with gross equity contract notes and

gross equity commitment notes.

Include amortization of debt issuance costs associated

with subordinated notes and debentures (unless the notes

and debentures are reported at fair value under a fair

value option, in which case issuance costs should be

expensed as incurred).

Exclude from this item interest on any reportable notes

payable to unconsolidated special purpose entities that

issue trust preferred securities (included in Schedule HC,

item 19(b), ‘‘Subordinated notes payable to unconsolidated trusts issuing trust preferred securities, and trust

preferred securities issued by consolidated special purpose entities’’). Report this interest expense in Schedule

HI, item 2(e), ‘‘Other interest expense.’’

Exclude from this item the amortization of expenses

incurred in the issuance of these notes payable. Capitalize such expenses, if material, and amortize them over

the life of the related notes payable. Report these amortized issuance costs in Schedule HI, item 2(e).

Schedule HI

FR Y-9C HI-7

Schedule HI September 2020
Exclude dividends declared or paid on limited-life preferred stock (report dividends declared in Schedule HI-A,

item 10).

Line Item 2(e) Other interest expense.

Report in this item the interest expense on all other

liabilities not reported in Schedule HI, items 2(a) through

2(d) above.

Line Item 2(f) Total interest expense.

Report the sum of Schedule HI, items 2(a) through 2(e).

Line Item 3 Net interest income.

Report the difference between item 1(h), “Total interest

income” and item 2(f), “Total interest expense.” If the

amount is negative, report with a minus (-) sign.

Line Item 4 Provision for loan and lease losses.

Holding companies that have not adopted ASU-2016-13,

report the amount needed to make the allowance for loan

and lease losses, as reported in Schedule HC, item 4(c),

adequate to absorb estimated credit losses, based upon

management’s evaluation of the loans and leases that the

reporting holding company has the intent and ability to

hold for the foreseeable future or until maturity or payoff.

Also include in this item any provision for allocated

transfer risk related to loans and leases. The amount

reported in this item must equal Schedule HI-B, Part II,

item 5, column A, “Provision for credit losses.” Report

negative amounts with a minus (-) sign.

Holding companies that have adopted ASU 2016-13

should report amounts expensed as provisions for credit

losses (or reversals of provisions) during the calendar

year to date on all financial assets and off-balance sheet

credit exposures within the scope of the ASU. Financial

assets within the scope of the ASU include those measured at amortized cost (including loans held for investment and held-to-maturity debt securities), net investments in leases, and available-for-sale debt securities.

Provisions for credit losses (or reversals of provisions) on

financial assets measured at amortized cost and net

investments in leases represent the amounts necessary to

adjust the related allowances for credit losses at the

quarter-end report date for management’s current estimate of expected credit losses on these assets. Provisions

for credit losses (or reversals of provisions) on availablefor-sale debt securities represent changes during the

calendar year to date in the amount of impairment related

to credit losses on individual available-for-sale debt

securities. Provisions for credit losses (or reversals of

provisions) on off-balance sheet credit exposures represent the amounts necessary to adjust the related allowance for credit losses at the quarter-end report date for

management’s current estimate of expected credit losses

on these exposures. Exclude the initial allowance gross-up

amounts established upon the purchase of creditdeteriorated financial assets, which are recorded at the

date of acquisition as an addition to the purchase price to

determine the initial amortized cost basis of the assets.

The amount reported in this item must equal the sum of

Schedule HI-B, Part II, item 5, columns A through

column C plus Schedule HI-B, Part II, Memorandum

items 5 and 7. Report negative amounts with a minus

(-) sign.

The amount reported here may differ from the bad debt

expense deduction taken for federal income tax purposes.

Refer to the Glossary entries for “allowance for loan and

lease losses,” “loan impairment,” and “allowances for

credit losses,” as applicable, for additional information.

Line Item 5 Noninterest income:

Line Item 5(a) Income from fiduciary activities.

Report gross income from services rendered by the trust

departments of the holding company’s banking subsidiaries or by any of the holding company’s consolidated

subsidiaries acting in any fiduciary capacity. Include

commissions and fees on the sales of annuities by these

entities that are executed in a fiduciary capacity.

Exclude commissions and fees received for the accumulation or disbursement of funds deposited to Individual

Retirement Accounts (IRAs) or Keogh Plan accounts

when they are not handled by the trust departments

of the holding company’s subsidiary banks (report in

item 5(b), “Service charges on deposit accounts in

domestic offices”).

Leave this item blank if the subsidiary banks of the

reporting holding company have no trust departments

and the holding company has no consolidated subsidiaries that render services in any fiduciary capacity.

Line Item 5(b) Service charges on deposit

accounts in domestic offices.

Report in this item amounts charged depositors in domestic offices:

Schedule HI

HI-8 FR Y-9C

Schedule HI March 2021
(1) For the maintenance of their deposit accounts with

the holding company or its consolidated subsidiaries, so-called “maintenance charges.”

(2) For their failure to maintain specified minimum

deposit balances.

(3) Based on the number of checks drawn on and

deposits made in their deposit accounts.

(4) For checks drawn on so-called “no minimum balance” deposit accounts.

(5) For withdrawals from nontransaction deposit

accounts.

(6) For the closing of savings accounts before a specified minimum period of time has elapsed.

(7) For accounts which have remained inactive for

extended periods of time or which have become

dormant.

(8) For deposits to or withdrawals from deposit accounts

through the use of automated teller machines or

remote service units.

(9) For the processing of checks drawn against insufficient funds, so-called “NSF check charges,” that

the subsidiary banks of the holding company assess

regardless of whether it decides to pay, return, or

hold the check. Exclude subsequent charges levied

against overdrawn accounts based on the length of

time the account has been overdrawn, the magnitude of the overdrawn balance, or which are otherwise equivalent to interest (report in the appropriate

subitem of item 1(a)(1), ‘‘Interest and fee income

on loans in domestic offices’’).

(10) For issuing stop payment orders.

(11) For certifying checks.

(12) For the accumulation or disbursement of funds

deposited to Individual Retirement Accounts (IRAs)

or Keogh Plan accounts when not handled by the

trust departments of subsidiary banks of the reporting holding company.

Report such commissions and fees received for

accounts handled by the trust departments of the

holding company’s banking subsidiaries or by other

consolidated subsidiaries in item 5(a), “Income

from fiduciary activities.”

Exclude penalties paid by depositors for the early

withdrawal of time deposits (report in item 5(l),

‘‘Other noninterest income,’’ or deduct from the

interest expense of the related category of time

deposits, as appropriate).

(13) For wire transfer services provided to the institution’s depositors.

Line Item 5(c) Trading revenue.

Note: Item 5(c) is to be completed by holding companies

with $5 billion or more in total assets. Holding companies with less than $5 billion in total assets should

report Trading revenue in HI 5(L), Other noninterest

income.)

Report the net gain or loss from trading cash instruments

and off-balance-sheet derivative contracts (including

commodity contracts) that has been recognized during

the calendar year-to-date. The amount reported in this

item must equal the sum of Schedule HI, Memoranda

item 9(a) through 9(e).

Include as trading revenue:

(1) Revaluation adjustments to the carrying value of cash

instruments reportable in Schedule HC, item 5,

‘‘Trading assets,’’ and Schedule HC, item 15, ‘‘Trading liabilities,’’ resulting from the periodic marking

to market of such instruments.

(2) Revaluation adjustments from the periodic marking

to market of interest rate, foreign exchange rate,

commodity, and equity derivative contracts reportable in Schedule HC-L, item 12, ‘‘Total gross notional

amount of derivative contracts held for trading,’’ and

credit derivative contracts reportable in Schedule

HC-L, item 7, ‘‘Credit derivatives,’’ that are held for

trading purposes. The effect of the periodic net

settlements on derivative contracts held for trading

purposes should be included as part of the revaluation adjustments from the periodic marking to market

of these contracts.

(3) Incidental income and expense related to the purchase and sale of assets and liabilities reportable

in Schedule HC, item 5, ‘‘Trading assets,’’ and

Schedule HC, item 15, ‘‘Trading liabilities,’’ and

off-balance-sheet derivative contracts reportable in

Schedule HC-L, item 12, ‘‘Total gross amount of

derivative contracts held for trading,’’ and credit

Schedule HI

FR Y-9C HI-9

Schedule HI December 2019
derivatives contracts reportable in Schedule HC-L,

item 7, that are held for trading purposes.

If the amount to be reported in this item is a net loss,

report with a minus (-) sign.

Holding companies with less than $5 billion in total

assets should report data items 5.d.(6) and 5.d.(7) only

and leave 5.d.(1) through 5.d.(5) blank.

Line Item 5(d) Income from securities-related and

insurance activities.

For holding companies $5 billion or more in total assets,

for items 5(d)(1) and 5(d)(2) below, when a holding

company partners with, or otherwise joins with, a third

party to conduct securities brokerage, investment banking, investment advisory, securities underwriting, insurance and annuity sales, insurance underwriting, or any

other securities-related and insurance activities, and any

fees and commissions generated by these activities are

shared with the third party, the reporting holding company should report its share of the fees or commissions in

the appropriate subitem of this item 5(d) rather than

reporting the gross fees and commissions in the appropriate subitem and the third party’s share of the fees and

commissions in Schedule HI, item 7(d), “Other noninterest expense.”

Line Item 5(d)(1) Fees and commissions from

securities brokerage.

Report fees and commissions from securities brokerage

activities, from the sale and servicing of mutual funds,

from the purchase and sale of securities and money

market instruments where the holding company is acting

as agent for other banking institutions or customers, and

from the lending of securities owned by the holding

company or by holding company customers (if these fees

and commissions are not included in Schedule HI, item

5(a), ‘‘Income from fiduciary activities,’’ or item 5(c),

‘‘Trading revenue’’). However, exclude fees and commissions from the sale of annuities (fixed, variable, and

other) to holding company customers by the holding

company or any securities brokerage subsidiary (report

such income in Schedule HI, item 5(d)(3), ‘‘Fees and

commissions from annuity sales’’).

Also include the holding company’s proportionate share

of the income or loss before discontinued operations

from its investments in equity method investees that are

principally engaged in securities brokerage activities.

Equity method investees include unconsolidated subsidiaries; associated companies; and corporate joint ventures,

unincorporated joint ventures, general partnerships, and

limited partnerships over which the holding company

exercises significant influence.

Line Item 5(d)(2) Investment banking, advisory,

and underwriting fees and commissions.

Report fees and commissions from underwriting (or

participating in the underwriting of) securities, private

placements of securities, investment advisory and management services, merger and acquisition services, and

other related consulting fees. Include fees and commissions from the placement of commercial paper, both for

transactions issued in the holding company’s name and

transactions in which the holding company acts as an

agent for a third party issuer.

Also include the holding company’s proportionate share

of the income or loss before discontinued operations

from its investments in equity method investees that are

principally engaged in investment banking, advisory, or

securities underwriting activities. Equity method investees include unconsolidated subsidiaries; associated companies; and corporate joint ventures, unincorporated joint

ventures, general partnerships, and limited partnerships

over which the holding company exercises significant

influence.

Line Item 5(d)(3) Fees and commissions from

annuity sales.

Report fees and commissions from sales of annuities

(fixed, variable, and other) by the holding company and

any subsidiary of the holding company and fees earned

from customer referrals for annuities to insurance companies and insurance agencies external to the consolidated

holding company. Also include management fees earned

from annuities.

However, exclude fees and commissions from sales of

annuities by the trust departments of the holding company’s subsidiary banks (or by a consolidated trust

company subsidiary) that are executed in a fiduciary

capacity (report in Schedule HI, item 5(a), ‘‘Income from

fiduciary activities’’).

Also include the holding company’s proportionate share

of the income or loss before discontinued operations

from its investments in equity method investees that are

principally engaged in annuity sales. Equity method

Schedule HI

HI-10 FR Y-9C

Schedule HI March 2021
investees include unconsolidated subsidiaries; associated

companies; and corporate joint ventures, unincorporated

joint ventures, general partnerships, and limited partnerships over which the holding company exercises significant influence.

Line Item 5(d)(4) Underwriting income from

insurance and reinsurance activities.

Report the amount of premiums earned by holding

company subsidiaries engaged in insurance underwriting

or reinsurance activities. Include earned premiums from

(a) life and health insurance and (b) property and casualty

insurance, whether (direct) underwritten business or

ceded or assumed (reinsured) business. Insurance premiums should be reported net of any premiums transferred

to other insurance underwriters/reinsurers in conjunction

with reinsurance contracts.

Also include the holding company’s proportionate share

of the income or loss before discontinued operations

from its investments in equity method investees that are

principally engaged in insurance underwriting or reinsurance activities. Equity method investees include unconsolidated subsidiaries; associated companies; and corporate joint ventures, unincorporated joint ventures, general

partnerships, and limited partnerships over which the

holding company exercises significant influence.

Exclude income from sales and referrals involving insurance products and annuities (see the instructions for

Schedule HI, items 5(d)(5) and 5(d)(3), respectively, for

information on reporting such income).

Line Item 5(d)(5) Income from other insurance

activities.

Report income from insurance product sales and referrals, including:

(1) Service charges, commissions, and fees earned from

insurance sales, including credit, life, health, property, casualty, and title insurance products.

(2) Fees earned from customer referrals for insurance

products to insurance companies and insurance agencies external to the consolidated holding company.

Also include management fees earned from separate

accounts and universal life products.

Exclude income from annuity sales and referrals (see the

instructions for Schedule HI, item 5(d)(3), above, for

information on reporting such income).

Also include the holding company’s proportionate share

of the income or loss before discontinued operations

from its investments in equity method investees that are

principally engaged in insurance product sales and referrals. Equity method investees include unconsolidated

subsidiaries; associated companies; and corporate joint

ventures, unincorporated joint ventures, general partnerships, and limited partnerships over which the holding

company exercises significant influence.

Income from securities-related and insurance activities. For holding companies with less than $5 billion in

total assets, for items 5(d)(6) and 5(d)(7) below, when a

holding company partners with, or otherwise joins with, a

third party to conduct securities brokerage, investment

banking, investment advisory, securities underwriting,

insurance and annuity sales, insurance underwriting, or

any other securities-related and insurance activities, and

any fees and commissions generated by these activities

are shared with the third party, the reporting holding

company should report its share of the fees or commissions in the appropriate subitem of item 5(d)(6) or 5(d)(7)

rather than reporting the gross fees and commissions in

the appropriate subitem and the third party’s share of the

fees and commissions in Schedule HI, item 7(d), “Other

noninterest expense.”

Line item 5(d)(6) Fees and commissions from

securities brokerage, investment banking, advisory,

and underwriting fees and commissions.

Holding companies with less than $5 billion in consolidated assets should report in this item fees and commissions from securities brokerage, investment banking,

advisory, and underwriting fees and commissions. See

instructional guidance for line item 5(d)(1) and 5(d)(2)

for more information.

Line item 5(d)(7) Income from insurance activities.

Holding companies with less than $5 billion in consolidated assets should report in this item income from

insurance activities. See instructional guidance for line

item 5(d)3 through 5(d)(5) for more information.

Line Item 5(e) Venture capital revenue.

Item 5(e) is to be completed by holding companies $5

billion or more in total assets. Holding companies

with less than $5 billion in total assets should report

Venture Capital Revenue in HI 5(L), Other noninterest income.)

Schedule HI

FR Y-9C HI-11

Schedule HI March 2021
In general, venture capital activities involve the providing of funds, whether in the form of loans or equity, and

technical and management assistance, when needed and

requested, to start-up or high-risk companies specializing

in new technologies, ideas, products, or processes. The

primary objective of these investments is capital growth.

Report as venture capital revenue market value adjustments, interest, dividends, gains, and losses (including

impairment losses) on venture capital investments (loans

and securities). Include any fee income from venture

capital activities that is not reported in one of the

preceding items of Schedule HI—Income Statement.

Also include the holding company’s proportionate share

of the income or loss before discontinued operations

from its investments in:

(1) Unconsolidated subsidiaries,

(2) Associated companies, and

(3) Corporate joint ventures, unincorporated joint ventures, general partnerships, and limited partnerships

over which the holding company exercises significant influence that are principally engaged in venture

capital activities.

Line Item 5(f) Net servicing fees.

Report income from servicing real estate mortgages,

credit cards, and other financial assets held by others.

Report any premiums received in lieu of regular servicing fees on such loans only as earned over the life of the

loans. For servicing assets and liabilities measured under

the amortization method, holding companies should

report servicing income net of the related servicing

assets’ amortization expense, include impairments recognized on servicing assets, and also include increases in

servicing liabilities recognized when subsequent events

have increased the fair value of the liability above its

carrying amount. For servicing assets and liabilities

remeasured at fair value under the fair value option,

include changes in the fair value of these servicing assets

and liabilities. For further information on servicing, see

the Glossary entry for “servicing assets and liabilities.”

Line Item 5(g) Net securitization income.

Note: Item 5(g) is to be completed by holding companies with $5 billion or more in total consolidated

assets. Holding companies with less than $5 billion in

total assets should report Net securitization income in

HI 5(L), Other noninterest income.

Report net gains (losses) on assets sold in the holding

company’s own securitization transactions, i.e., net of

transaction costs. Include unrealized losses (and recoveries of unrealized losses) on loans and leases held for sale

in the holding company’s own securitization transactions. Report fee income from securitizations, securitization conduits, and structured finance vehicles, including

fees for providing administrative support, liquidity support, interest rate risk management, credit enhancement

support, and any additional support functions as an

administrative agent, liquidity agent, hedging agent, or

credit enhancement agent. Include all other fees (other

than servicing fees and commercial paper placement

fees) earned from the holding company’s securitization

and structured finance transactions.

Exclude income from servicing securitized assets (report

in item 5(f), above), fee income from the placement of

commercial paper (report in item 5(d), above), and

income from seller’s interests and residual interests

retained by the holding company (report in the appropriate subitem of item 1, “Interest income”). Also exclude

net gains (losses) on loans sold to—and unrealized losses

(and recoveries of unrealized losses) on loans and leases

held for sale to—a government-sponsored agency or

another institution that in turn securitizes the loans

(report in item 5(i), ‘‘Net gains (losses) on sales of loans

and leases’’).

Line Item 5(h) Not applicable.

Line Item 5(i) Net gains (losses) on sales of loans

and leases.

Report the amount of net gains (losses) on sales and other

disposals of loans and leases (reportable in Schedule HCC), including unrealized losses (and subsequent recoveries of such net unrealized losses) on loans and leases held

for sale. Exclude net gains (losses) on loans and leases

sold in the holding company’s own securitization transactions and unrealized losses (and recoveries of unrealized losses) on loans and leases held for sale in the

holding company’s own securitization transactions (report

these gains (losses) in Schedule HI, item 5(g), ‘‘Net

securitization income’’).

Schedule HI

HI-12 FR Y-9C

Schedule HI December 2020
Line Item 5(j) Net gains (losses) on sales of other

real estate owned.

Report the amount of net gains (losses) on sales and other

disposals of other real estate owned (reportable in Schedule HC, item 7), increases and decreases in the valuation

allowance for foreclosed real estate, and write-downs of

other real estate owned subsequent to acquisition (or

physical possession) charged to expense. Do not include

as a loss on other real estate owned any amount charged

to the allowance for loan and lease losses at the time of

foreclosure (actual or physical possession) for the difference between the carrying value of a loan and the fair

value less cost to sell of the foreclosed real estate.

Line Item 5(k) Net gains (losses) on sales of other

assets.

Report the amount of net gains (losses) on sales and other

disposals of assets not required to be reported elsewhere

in the income statement (Schedule HI). Include net gains

(losses) on sales and other disposals of premises and

fixed assets; personal property acquired for debts previously contracted (such as automobiles, boats, equipment,

and appliances); and coins, art, and other similar assets.

Do not include net gains (losses) on sales and other

disposals of held-to-maturity securities, available-forsale debt securities, loans and leases (either directly or

through securitization), equity securities with readily

determinable fair values not held for trading, other real

estate owned, (report these net gains (losses) in the

appropriate items of Schedule HI).

Do not include:

(1) The year-to-date change in net unrealized gains

(losses) on equity securities with readily determinable fair values not held for trading.

(2) The year-to-date change in net unrealized holding

gains (losses) on equity securities and other equity

investments without readily determinable fair values

not held for trading that are measured at fair value

through earnings.

(3) Impairment, if any, plus or minus changes resulting

from observable price changes on equity securities

and other equity investments without readily determinable fair values not held for trading for which this

measurement election is made. These amounts should

be reported in Schedule HI, item 8(b).

Line Item 5(l) Other noninterest income.

Report all operating income of the holding company for

the calendar year to date not required to be reported

elsewhere in Schedule HI. Disclose in Schedule HI, Memoranda items 6(a) through 6(j), each component of other noninterest income, and the dollar amount

of such component, that is greater than $100,000 and

exceeds 7 percent of the other noninterest income

reported in this item. If net losses have been reported in

this item for a component of ‘‘Other noninterest income,’’

use the absolute value of such net losses to determine

whether the amount of the net losses is greater than

$100,000 and exceeds 7 percent of ‘‘Other noninterest

income’’ and should be reported in Schedule HI, Memoranda item 6. (The absolute value refers to the magnitude

of the dollar amount without regard to whether the

amount represents net gains or net losses.) Preprinted

captions have been provided in Memoranda items 6(a)

through 6(g) for reporting the following components of

other noninterest income if the component exceeds this

disclosure threshold: income and fees from the printing

and sale of checks, earnings on/increase in value of cash

surrender value of life insurance, income and fees from

automated teller machines (ATMS), rent and other income

from other real estate owned, safe deposit box rent, net

change in the fair values of financial instruments

accounted for under a fair value option, bank card and

credit card interchange fees, gains on bargain purchases,

and income and fees from wire transfers. For each

component of other noninterest income that exceeds this

disclosure threshold for which a preprinted caption has

not been provided describe the component with a clear

but concise caption in Schedule HI, Memoranda items

6(h) through 6(j). These descriptions should not exceed

50 characters in length (including spacing between

words).

For disclosure purposes in Schedule HI, Memoranda

items 6(a) through 6(g), when components of ‘‘Other

noninterest income’’ reflect a single credit for separate

‘‘bundled services’’ provided through third party vendors, disclose such amounts in the item with the preprinted caption that most closely describes the predominant type of income earned, and this categorization

should be used consistently over time.

Include as other noninterest income:

(1) Service charges, commissions, and fees for such

services as:

Schedule HI

FR Y-9C HI-13

Schedule HI June 2018
(a) The rental of safe deposit boxes. (Report the

amount of such fees in Schedule HI, Memoranda item 6(e), if this amount is greater than

$100,000 and exceeds 7 percent of the amount

reported in Schedule HI, item 5(l).)

(b) The safekeeping of securities for other depository institutions (if the income for such safekeeping services is not included in Schedule HI, item 5(a), ‘‘Income from fiduciary

activities’’).

(c) The sale of bank drafts, money orders, cashiers’

checks, and travelers’ checks.

(d) The collection of utility bills, checks, notes,

bond coupons, and bills of exchange.

(e) The redemption of U.S. savings bonds.

(f) The handling of food stamps.

(g) The execution of acceptances and the issuance

of commercial letters of credit, standby letters

of credit, deferred payment letters of credit, and

letters of credit issued for cash or its equivalent.

Exclude income on bankers acceptances and

trade acceptances (report such income in the

appropriate subitem of Schedule HI, item 1(a),

‘‘Interest and fee income on loans,’’ or in

Schedule HI, item 1(e), ‘‘Interest income from

trading assets,’’ as appropriate).

(h) The notarizing of forms and documents.

(i) The negotiation or management of loans from

other lenders for customers or correspondents.

(j) The providing of consulting and advisory services to others. Exclude income from investment advisory services, which is to be reported

in Schedule HI, item 5(d).

(k) The use of the holding company subsidiary

bank’s automated teller machines or remote

service units by depositors of other depository

institutions. (Report the amount of such income

and fees in Schedule HI, Memoranda item 6(c),

if this amount is greater than $100,000 and

exceeds 7 percent of the amount reported in

Schedule HI, item 5(l).)

(l) Wire transfer services, except for wire transfers

for which service charges or fees are levied on

deposit accounts of the holding company’s

depositors, for which the income is to be

reported in Schedule HI, item 5(b) “Service

charges on deposit accounts.” (Report the

amount of income and fees from wire transfers

in Schedule HI Memoranda item 6(g), if this

amount is greater than $100,000 and exceeds

7 percent of the amount reported in Schedule

HI, item 5(l).)

(2) Income and fees from the sale and printing of

checks. (Report the amount of such income and

fees in Schedule HI-Memoranda item 6(a), if this

amount is greater than $100,000 and exceeds 7 percent of the amount reported in Schedule HI,

item 5(l).)

(3) Gross rentals and other income from all real estate

reportable in Schedule HC, item 7, “Other real

estate owned.” (Report the amount of such income

in Schedule HI-Memoranda item 6(d), if this amount

is greater than $100,000 and exceeds 7 percent of

the amount reported in Schedule HI, item 5(l).)

(4) Earnings on or other increases in the value of the

cash surrender values of life insurance policies

owned by the holding company’s subsidiary bank(s).

(Report the amount of such earnings or other

increases in Schedule HI-Memoranda item 6(b) if

this amount is greater than $100,000 and exceeds

7 percent of the amount reported in Schedule HI,

item 5(l).)

(5) Annual or other periodic fees paid by holders of

credit cards issued by the holding company or its

consolidated subsidiaries. Fees that are periodically

charged to cardholders shall be deferred and recognized on a straight-line basis over the period the fee

entitles the cardholder to use the card.

(6) Charges to merchants for the bank’s handling of

credit card or charge sales when the holding company does not carry the related loan accounts on its

books. Holding companies may report this income

net of the expenses (except salaries) related to the

handling of these credit card sales.

(7) Interchange fees earned from credit card

transactions. (Report the amount of such fees in

Schedule HI, Memoranda item 6(f) if this amount is

greater than $100,000 and exceeds 7 percent of the

amount reported in Schedule HI, item 5(l).)

Schedule HI

HI-14 FR Y-9C

Schedule HI June 2018
(8) Gross income received for performing data processing services for others. Do not deduct the expense

of performing such services for others (report in the

appropriate items of noninterest expense).

(9) Loan commitment fees that are recognized during

the commitment period (i.e., fees retrospectively

determined and fees for commitments where exercise is remote) or included in income when the

commitment expires and loan syndication fees that

are not required to be deferred. Refer to the Glossary entry for ‘‘loan fees’’ for further information.

(10) Service charges on deposit accounts in foreign

offices.

(11) Net tellers’ overages (shortages), net recoveries

(losses) on forged checks, net recoveries (losses) on

payment of checks over stop payment orders, and

similar recurring operating gains (losses) of this

type. Holding companies should consistently report

these gains (losses) either in this item or in Schedule HI, item 7(d).

(12) Net gains (losses) from the sale or other disposal of

branches (i.e., where the reporting holding company sells a branch’s assets to another depository

institution, which assumes the deposit liabilities of

the branch). Holding companies should consistently report these net gains (losses) either in this

item or in Schedule HI, item 7(d).

(13) Net gains (losses) from all transactions involving

foreign currency or foreign exchange other than

trading transactions. Holding companies should

consistently report these net gains (losses) either in

this item or in Schedule HI, item 7(d).

(14) Rental fees applicable to operating leases for furniture and equipment rented to others.

(15) Interest received on tax refunds.

(16) Life insurance proceeds on policies for which the

holding company or its subsidiaries are the beneficiary.

(17) Credits resulting from litigation or other claims.

(18) Portions of penalties for early withdrawals of time

deposits that exceed the interest accrued or paid on

the deposit to the date of withdrawal, if material.

Penalties for early withdrawals, or portions of such

penalties, that represent the forfeiture of interest

accrued or paid to the date of withdrawal are a

reduction of interest expense and should be deducted

from the gross interest expense of the appropriate

category of time deposits in Schedule HI, item 2(a),

‘‘Interest on deposits.’’

(19) Interest income from advances to, or obligations of,

and the holding company’s proportionate share of

the income or loss before discontinued operations

from its investments in:

(a) Unconsolidated subsidiaries,

(b) Associated companies, and

(c) Corporate joint ventures, unincorporated joint

ventures, and general partnerships over which

the holding company exercises significant influence, and

(d) Noncontrolling investments in certain limited

partnerships and limited liability companies

(described in the Glossary entry for ‘‘equity

method of accounting’’),

other than those that are principally engaged in

investment banking, advisory, brokerage, or securities underwriting activities; venture capital activities; insurance and reinsurance underwriting activities; or insurance and annuity sales activities (the

income from which should be reported in Schedule HI, items 5(d)(1) through 5(d)(5) and 5(e), as

appropriate. Exclude the holding company’s proportionate share of discontinued operations of these

entities (report in Schedule HI, item 11, ‘‘Discontinued operations, net of income taxes’’).

(20) Net gains (losses) on nonhedging derivative instruments held for purposes other than trading. Holding

companies should consistently report these net

gains (losses) either in this item or in Schedule HI,

item 7(d). For further information, see the Glossary

entry for ‘‘derivative contracts.’’

(21) Gross income generated by securities contributed to

charitable contribution Clifford Trusts.

(22) Income from ground rents and air rights.

(23) Revaluation adjustments to the carrying value of all

assets and liabilities reported in Schedule HC at fair

value under a fair value option (excluding servicing

assets and liabilities reported in Schedule HC,

item 10(b), “Intangible assets,” and Schedule HC,

Schedule HI

FR Y-9C HI-15

Schedule HI December 2020
item 20, “Other liabilities,” respectively, and assets

and liabilities reported in Schedule HC, item 5,

“Trading assets,” and Schedule HC, item 15, “Trading liabilities,” respectively) resulting from the

periodic marking of such assets and liabilities to

fair value. Exclude the contractual amounts of

interest income earned and interest expense incurred

on financial assets and liabilities reported at fair

value under a fair value option, which should be

reported in the appropriate interest income or interest expense items on Schedule HI. Also exclude the

portion of the total change in the fair value of a fair

value option liability resulting from a change in the

instrument-specific credit risk (“own credit risk”),

which should be reported in Schedule HI-A, item 12,

“Other comprehensive income.”

(24) Gains on bargain purchases recognized and measured in accordance with ASC Topic 805, Business

Combinations (formerly referred to as FASB Statement No. 141(R) Business Combinations).

(25) Holding companies less than $5 billion in assets

should report trading revenue, venture capital revenue, and net securitization income in this line

item.

Line Item 5(m) Total noninterest income.

Report the sum of items 5(a) through 5(l).

Line Item 6(a) Realized gains (losses) on

held-to-maturity securities.

Report the net gain or loss realized during the calendar

year-to-date from the sale, exchange, redemption, or

retirement of all securities reportable in Schedule HC,

item 2(a), ‘‘Held-to-maturity securities.’’ The realized

gain or loss is the difference between the sales price

(excluding interest at the coupon rate accrued since the

last interest payment date, if any) and the amortized cost.

Institutions that have not adopted FASB Accounting

Standards Update No. 2016-13 (ASU 2016-13), which

governs the accounting for credit losses, should also

include in this item other-than-temporary impairment

losses on individual held-to-maturity securities that must

be recognized in earnings. Also include in this item

other-than-temporary impairment losses on individual

held-to-maturity securities that must be recognized in

earnings. For further information on the accounting for

impairment of held-to-maturity securities, see the Glossary entry for ‘‘securities activities.’’ If the amount to be

reported in this item is a net loss, report with a minus (-)

sign.

Do not adjust for applicable income taxes (income taxes

applicable to gains (losses) on held-to-maturity securities

are to be included in the applicable income taxes reported

in item 9 below).

Holding companies that have adopted ASU 2016-13,

which governs the accounting for credit losses, should

adjust the amortized cost of a held-to-maturity debt

security for recoveries of any prior charge-offs when

calculating the realized gain or loss on a security, such

that the recovery of a previously charged off amount

should be recorded before recognizing the gain.

Exclude:

(1) Realized gains (losses) on available-for-sale debt

securities (report in Schedule HI, item 6(b) below)

and trading securities (report in Schedule HI, item 5(c)

above).

(2) Net gains (losses) from the sale of detached securities

coupons and the sale of ex-coupon securities (report

in item 5(l), “Other noninterest income,” or item 7(d),

“Other noninterest expense,” as appropriate). (Refer

to the Glossary entry for “coupon stripping” for

further information.)

Line Item 6(b) Realized gains (losses) on

available-for-sale debt securities.

Report the net gain or loss realized during the calendar

year-to-date from the sale, exchange, redemption, or

retirement of all securities reportable in Schedule HC,

item 2(b), “Available-for-sale debt securities.” The realized gain or loss on a debt security is the difference

between the sales price (excluding interest at the coupon

rate accrued since the last interest payment date, if any)

and the amortized cost. Holding companies that have not

adopted ASU 2016-13 also include in this item otherthan-temporary impairment losses on individual availablefor-sale debt securities that must be recognized in earnings. For further information on the accounting for

impairment of available-for-sale debt securities, see the

Glossary entry for “securities activities.” If the amount to

be reported in this item is a net loss, report with a minus

(-) sign.

Holding companies that have adopted ASU 2016-13

should adjust the amortized cost of an available-for-sale

Schedule HI

HI-16 FR Y-9C

Schedule HI December 2020
debt security for recoveries of any prior charge-offs when

calculating the realized gain or loss on a security, such

that recovery of a previously charged off amount should

be recorded as a credit to the allowance for credit losses

before recognizing the gain. Include in this item any

write-off recorded when the fair value of an available-forsale debt security is less than its amortized cost basis and

(a) the institution intends to sell the security or (b) it is

more likely than not that the institution will be required

to sell the security before recovery of its amortized cost

basis.

Exclude:

(1) The change in net unrealized holding gains (losses)

on available-for-sale debt securities during the calendar year to date (report in Schedule HI-A, item 12,

“Other comprehensive income”).

(2) Realized and unrealized gains (losses) during the

calendar year to date on equity securities with readily

determinable fair values not held for trading (report

in Schedule HI, item 8(b), “Change in net unrealized

holding gains (losses) on equity securities not held

for trading”).

(3) Realized gains (losses) on held-to-maturity securities

(report in Schedule HI, item 6(a) above) and on

trading securities (report in Schedule HI, item 5(c)

above).

(4) Net gains (losses) from the sale of detached securities

coupons and the sale of ex-coupon securities (report

in item 5(l), ‘‘Other noninterest income,’’ or item 7(d),

‘‘Other noninterest expense,’’ as appropriate). (Refer

to the Glossary entry for ‘‘coupon stripping’’ for

further information.)

(5) Holding companies that have adopted ASU 2016-13,

provisions for credit losses (and reversals of provisions) that increase (and decrease) the allowance for

credit losses on available-for-sale debt securities

(report in Schedule HI, item 4, “Provision for loan

and lease losses”).

Line Item 7 Noninterest expense:

Line Item 7(a) Salaries and employee benefits.

Report salaries and benefits of all officers and employees

of the holding company and its consolidated subsidiaries

including guards and contracted guards, temporary office

help, dining room and cafeteria employees, and building

department officers and employees (including maintenance personnel). Include as salaries and employee benefits:

(1) Gross salaries, wages, overtime, bonuses, incentive

compensation, and extra compensation.

(2) Social security taxes and state and federal unemployment taxes paid by the consolidated holding

company.

(3) Contributions to the consolidated holding company’s retirement plan, pension fund, profit-sharing

plan, employee stock ownership plan, employee

stock purchase plan, and employee savings plan.

For defined benefit pension plans and other postretirement plans, report only the service cost component of net benefit cost for such plans in this

item 7(a); the other cost components of net benefit

cost should be reported in Schedule HI, item 7(d),

“Other noninterest expense.”

(4) Premiums (net of dividends received) on health and

accident, hospitalization, dental, disability, and life

insurance policies for which the consolidated holding company is not the beneficiary.

(5) Cost of office temporaries whether hired directly by

the holding company or its consolidated subsidiaries or through an outside agency.

(6) Workmen’s compensation insurance premiums.

(7) The net cost to the holding company or its consolidated subsidiaries for employee dining rooms, restaurants, and cafeterias.

(8) Accrued vacation pay earned by employees during

the calendar year-to-date.

(9) The cost of medical or health services, relocation

programs and reimbursements of moving expenses,

tuition reimbursement programs, and other so-called

fringe benefits for officers and employees.

(10) Compensation expense (service component and

interest component) related to deferred compensation agreements.

Exclude from salaries and employee benefits (report in

item 7(d), ‘‘Other noninterest expense’’):

(1) Amounts paid to attorneys, accountants, management consultants, investment counselors, and other

Schedule HI

FR Y-9C HI-17

Schedule HI December 2020
professionals who are not salaried officers or

employees of the holding company or its consolidated subsidiaries.

(2) The cost of holding company or consolidated subsidiary newspapers and magazines prepared for

distribution to holding company or its consolidated

subsidiaries’ officers and employees.

(3) Premiums on life insurance policies for which the

holding company or its consolidated subsidiaries

are the beneficiary.

(4) Dues, fees, and other expenses associated with

memberships in country clubs, social or private

clubs, civic organizations, and similar clubs and

organizations.

Line Item 7(b) Expenses of premises and fixed

assets.

Report all noninterest expenses related to the use of

premises, equipment, furniture, and fixtures, net of rental

income, that are reportable in Schedule HC, item 6,

‘‘Premises and fixed assets.’’ If this net amount is a credit

balance, report with a minus (-) sign.

Deduct rental income from gross premises and fixed asset

expense. Rental income includes all rentals charged for

the use of buildings not incident to their use by the

reporting holding company or its consolidated subsidiaries, including rentals by regular tenants of the holding

company’s or its consolidated subsidiaries’ buildings,

income received from short-term rentals of other facilities of the holding company or its consolidated subsidiaries, and income from sub-leases. Also deduct income

from assets that indirectly represent premises, equipment,

furniture, or fixtures reportable in Schedule HC, item 6,

‘‘Premises and fixed assets.’’

Include as expenses of premises and fixed assets:

(1) Normal and recurring depreciation and amortization charges against assets reportable in Schedule HC, item 6, ‘‘Premises and fixed assets,’’ including capital lease assets, accounted for in accordance

with ASC Topic 840, Leases, and right-of-use

(ROU) assets for finance leases accounted for in

accordance with ASC Topic 842, as applicable.

Include depreciation and amortization charges

regardless of whether they represent direct reductions in the carrying value of the assets or additions

to accumulated depreciation or amortization

accounts. Any method of depreciation or amortization conforming to accounting principles that are

generally acceptable for financial reporting purposes may be used. However, depreciation for

premises and fixed assets may be based on the

Accelerated Cost Recovery System (ACRS) used

for federal income tax purposes if the results would

not be materially different from depreciation based

on the asset’s estimated useful life.

(2) For operating leases accounted for in accordance

with:

(a) ASC Topic 840 by a lessee institution that has not

adopted ASC Topic 842, rental expense for leased

premises (including parking lots), equipment

(including data processing equipment), furniture,

and fixtures.

(b) ASC Topic 842 by a lessee institution that has

adopted this topic, a single lease cost for the

expenses related to lease liabilities and the amortization of ROU assets for leased premises, equipment, furniture, and fixtures; variable lease payments not included in lease liabilities; and any

impairments of ROU assets.

(3) Cost of ordinary repairs to premises (including

leasehold improvements), equipment, furniture, and

fixtures.

(4) Cost of service or maintenance contracts for equipment, furniture, and fixtures.

(5) Cost of leasehold improvements, equipment, furniture, and fixtures charged directly to expense and

not placed on the consolidated holding company’s

books as assets.

(6) Insurance expense related to the use of premises,

equipment, furniture, and fixtures including such

coverages as fire, multi-peril, boiler, plate glass,

flood, and public liability.

(7) All property tax and other tax expense related to

premises (including leasehold improvements),

equipment, furniture, and fixtures, including deficiency payments, net of all rebates, refunds, or

credits.

(8) Any portion of capital lease payments representing

executory costs such as insurance, maintenance,

and taxes.

Schedule HI

HI-18 FR Y-9C

Schedule HI December 2020
(9) Cost of heat, electricity, water, and other utilities

connected with the use of premises and fixed assets.

(10) Cost of janitorial supplies and outside janitorial

services.

(11) Fuel, maintenance, and other expenses related to

the use of holding company- or consolidated

subsidiary-owned automobiles, airplanes, and other

vehicles for holding company or consolidated subsidiaries’ business.

Exclude from expenses of premises and fixed assets:

(1) Salaries and employee benefits (report such expenses

for all officers and employees of the holding company and its consolidated subsidiaries in item 7(a),

‘‘Salaries and employee benefits’’).

(2) Interest on mortgages, liens, or other encumbrances

on premises or equipment owned, including the

portion of capital lease payments representing interest expense (report in item 2(c), ‘‘Interest on trading

liabilities and other borrowed money’’).

(3) All expenses associated with other real estate owned

(report in item 7(d), ‘‘Other noninterest expense’’).

(4) Gross rentals from other real estate owned and fees

charged for the use of parking lots properly reported

as other real estate owned, as well as safe deposit box

rentals and rental fees applicable to operating leases

for furniture and equipment rented to others (report

in item 5(l), ‘‘Other noninterest income’’).

Line Item 7(c)(1) Goodwill impairment losses.

Report any impairment losses recognized during the

period on goodwill (as defined for Schedule HC,

item 10(a)). Exclude goodwill impairment losses associated with discontinued operations (report such losses on a

net-of-tax basis in Schedule HI, item 11, ‘‘Discontinued

operations, net of applicable income taxes’’).

A holding company that meets the definition of a private

company in U.S. generally accepted accounting principles and has elected the accounting alternative for the

amortization of goodwill in ASC Subtopic 350-20, Intangibles – Goodwill and Other – Goodwill (formerly FASB

Statement No. 142, “Goodwill and Other Intangible

Assets”), as amended by Accounting Standards Update

No. 2014-02, “Accounting for Goodwill,” should report

the amortization expense of goodwill in this item.

Exclude goodwill amortization expense associated with

discontinued operations (report such expense on a net-oftax basis in Schedule HI, item 11, “Discontinued operations, net of applicable income taxes”). A private company that elects the accounting alternative for the

subsequent measurement of goodwill should amortize

each amortizable unit of goodwill on a straight-line basis

over ten years (or less than ten years if the private

company demonstrates that another useful life is more

appropriate).

Except when the private company accounting alternative

described above has been elected, goodwill should not be

amortized. However, regardless of whether goodwill is

amortized, it must be tested for impairment as described

in the Glossary entry for “goodwill.”

Impairment losses on goodwill should be tested at the

consolidated holding company level in accordance with

ASC Topic 350, Intangibles-Goodwill and Other (formerly FASB Statement No. 142, Goodwill and Other

Intangible Assets), if there is impairment losses at a

subsidiary level using the subsidiary’s reporting units. If

goodwill impairment loss is recognized at a subsidiary

level, then goodwill of the reporting unit or units (at the

higher consolidated level) in which the subsidiary’s

reporting unit with impaired goodwill resides must be

tested for impairment if the events or conditions that gave

rise to the loss at the subsidiary level would more likely

than not reduce the fair value of the reporting unit (at the

higher consolidated level) below its carrying amount.

Only if goodwill at that higher-level reporting unit is

impaired would a goodwill impairment loss be recognized at the consolidated level.

Goodwill is considered impaired when the amount of

goodwill exceeds its implied fair value at the reporting

unit level. If the carrying amount of reporting unit

goodwill exceeds its implied fair value, an impairment

loss must be recognized in earnings in an amount equal to

that excess and reported in this item. The loss recognized

cannot exceed the carrying amount of the reporting unit’s

goodwill. After a goodwill impairment loss is recognized, the adjusted carrying amount of goodwill shall be

its new accounting basis. Subsequent reversal of a previously recognized goodwill impairment loss is prohibited

once the measurement of that loss is completed.

Goodwill of a reporting unit must be tested for impairment annually and between annual tests if an event

occurs or circumstances change that would more likely

than not reduce the fair value of a reporting unit below its

Schedule HI

FR Y-9C HI-19

Schedule HI September 2020
carrying amount. Examples of such events or circumstances include a significant adverse change in the business climate, unanticipated competition, a loss of key

personnel, and an expectation that a reporting unit or a

significant portion of a reporting unit will be sold or

otherwise disposed of. In addition, goodwill must be

tested for impairment after a portion of goodwill has been

allocated to a business to be disposed of.

When a reporting unit is to be disposed of in its entirety,

goodwill of that reporting unit must be included in the

carrying amount of the reporting unit in determining the

gain or loss on disposal. When a portion of a reporting

unit that constitutes a business is to be disposed of,

goodwill associated with that business must be included

in the carrying amount of the business in determining the

gain or loss on disposal. Otherwise, a holding company

may not remove goodwill from its balance sheet, for

example, by “selling” or “dividending” this asset to its

parent holding company or another affiliate.

Line Item 7(c)(2) Amortization expense and

impairment losses for other intangible assets.

Report the amortization expense of any impairment

losses on “intangible assets” (other than goodwill and

servicing assets) reportable in (Schedule HC-M item

12(c)). Under ASC Topic 350, Intangibles-Goodwill and

Other (formerly FASB Statement No. 142, Goodwill and

Other Intangible Assets), intangible assets that have

indefinite useful lives should not be amortized but must

be tested at least annually for impairment. Intangible

assets that have finite useful lives must be amortized over

their useful lives and must be reviewed for impairment in

accordance with ASC Topic 360, Property, Plant, and

Equipment (formerly FASB Statement No. 144, Accounting for the Impairment of Long-Lived Assets).

Exclude the amortization expense of and any impairment

losses on servicing assets, which should be netted against

the servicing income reported in Schedule HI, item

5(f), ‘‘Net servicing fees,’’ above.

Line Item 7(d) Other noninterest expense.

Report all operating expenses of the holding company for

the calendar year-to-date not required to be reported

elsewhere in Schedule HI. Disclose in Schedule HI,

Memoranda items 7(a) through 7(p), each component of

other noninterest expense, and the dollar amount of such

component, that is greater than $100,000 and exceeds

7 percent of the other noninterest expense reported in this

item. If net gains have been reported in this item for a

component of “Other noninterest expense,” use the absolute value of such net gains to determine whether the

amount of the net gains is greater than $100,000 and

exceeds 7 percent of “Other noninterest expense” and

should be reported in Schedule HI, Memoranda item 7.

(The absolute value refers to the magnitude of the dollar

amount without regard to whether the amount represents

net gains or net losses.) Preprinted captions have been

provided in Memoranda items 7(a) through 7(m) for

reporting the following components of other noninterest

expense if the component exceeds this disclosure threshold: data processing expenses; advertising and marketing

expenses; directors’ fees; printing, stationery, and supplies; postage; legal fees and expenses; FDIC deposit

insurance assessments; accounting and auditing expenses;

consulting and advisory expenses; automated teller

machine (ATM) and interchange expenses; and telecommunications expenses; other real estate owned expense;

and insurance expenses (not included in employee

expense, premises and fixed asset expenses and other real

estate owned expenses). For each component of other

noninterest expense that exceeds this disclosure threshold

for which a preprinted caption has not been provided

describe the component with a clear but concise caption

in Schedule HI, Memoranda items 7(n) through 7(p).

These descriptions should not exceed 50 characters in

length (including spacing between words).

For disclosure purposes in Schedule HI, memoranda

items 7(a) through 7(m), when components of “Other

noninterest expense” reflect a single charge for separate

“bundled services” provided by third party vendors,

disclose such amounts in the item with the preprinted

caption that most closely describes the predominant type

of expense incurred, and this categorization should be

used consistently over time.

Include as other noninterest expense:

(1) Fees paid to directors and advisory directors for

attendance at board of directors or committee meetings (including travel and expense allowances).

(Report the amount of such fees in Schedule HI,

Memoranda item 7(c), if this amount is greater than

$100,000 and exceeds 7 percent of the amount

reported in Schedule HI, item 7(d).)

(2) Premiums on fidelity insurance (blanket bond,

excess employee dishonesty bond), directors’ and

Schedule HI

HI-20 FR Y-9C

Schedule HI June 2018
officers’ liability insurance, life insurance policies

for which the holding company or its consolidated

subsidiaries are the beneficiary and other insurance

policies for which the premiums are not included in

salaries and employee benefits, expenses of premises and fixed assets, and expenses of other real

estate owned. (Report the amount of such insurance

expenses in Schedule HI, Memoranda item 7(m), if

this amount is greater than $100,000 and exceeds 7

percent of the amount reported in Schedule HI,

item 7(d).)

(3) Federal deposit insurance and Comptroller of the

Currency assessment expense net of all assessment

credits during the period. (Report the amount of

such assessments in Schedule HI, Memoranda item

7(g), if this amount is greater than $100,000 and

exceeds 7 percent of the amount reported in Schedule HI, item 7(d).)

(4) Legal fees and other direct costs incurred in connection with foreclosures and subsequent noninterest

expenses related to holdings of real estate owned

other than holding company (or its consolidated

subsidiaries) premises (including depreciation

charges or other write-downs if prescribed by law

or by regulatory agencies or if otherwise

appropriate). (Report the amount of such expenses

in Schedule HI, Memoranda item 7(l), if this

amount is greater than $100,000 and exceeds 7

percent of the amount reported in Schedule HI,

item 7(d).)

(5) Sales taxes, taxes based on the number of shares

of holding company stock outstanding, taxes based

on the consolidated holding company’s total assets

or total deposits, taxes based on the bank’s gross

revenues or gross receipts, capital stock taxes, and

other taxes not included in other categories of

expense. Exclude any foreign, state, and local taxes

based on a net amount of revenues less expenses

(report as applicable income taxes in item 9).

(6) Cost of data processing services performed for the

consolidated holding company by others. (Report

the amount of such expenses in Schedule HI,

Memoranda item 7(a), if this amount is greater than

$100,000 and exceeds 7 percent of the amount

reported in Schedule HI, item 7(d).)

(7) Advertising, promotional, public relations, and

business development expenses. Also include the

cost of athletic activities in which officers and

employees participate when the purpose may be

construed to be for public relations with employee

benefits only incidental to the activities. (Report the

amount of such expenses in Schedule HI, Memoranda item 7(b), if this amount is greater than

$100,000 and exceeds 7 percent of the amount

reported in Schedule HI, item 7(d).)

(8) Costs of gifts or premiums (whether in the form

of merchandise, credit, or cash) given to depositors

at the time of the opening of a new account or an

addition to, or renewal of, an existing account.

(9) Fees levied by deposit brokers that are, in substance, retainer fees or that otherwise do not represent an adjustment to the interest rate paid on

deposits the reporting bank acquires through brokers. However, report as interest expense on the

appropriate category of deposits those finders’ fees

and brokers’ fees that do represent an adjustment to

the interest rate paid on brokered deposits.

(10) Research and development costs and costs incurred

in the internal development of computer software.

(11) Net losses (gains) from all transactions involving

foreign currency or foreign exchange other than

trading transactions. Holding companies should

consistently report these net losses (gains) either in

this item or in Schedule HI, item 5(l) above.

(12) Charges resulting from litigation or other claims.

(13) Charitable contributions including donations by

Clifford Trusts.

(14) Retainer fees, legal fees, and other fees and expenses

paid to attorneys who are not officers or employees

of the holding company or its consolidated subsidiaries. (Report the amount of such expenses in

Schedule HI, Memoranda item 7(f), if this amount

is greater than $100,000 and exceeds 7 percent of

the amount reported in Schedule HI, item 7(d).)

(15) Office supplies purchased, printing, and postage.

(Report the amount of such expenses in either

Schedule HI, Memoranda item 7(d) and or 7(e), if

the amounts for each category is greater than

$100,000 and exceeds 7 percent of the amount

reported in Schedule HI, item 7(d).)

(16) Telecommunications expenses, including any

expenses associated with telephone, telegraph,

Schedule HI

FR Y-9C HI-21

Schedule HI June 2018
cable, and internet services (including web page

maintenance). (Report the amount of such expenses

in Schedule HI, Memoranda item 7(k), if this

amount is greater than $100,000 and exceeds 7

percent of the amount reported in Schedule HI,

item 7(d).)

(17) Examination and other fees levied by the Federal

Reserve.

(18) Net tellers’ shortages, forged check losses, losses

on payment of checks over stop payment orders,

losses from counterfeit money, and similar recurring operating losses of this type.

(19) Losses from robberies, defalcations, and other

criminal acts not covered by the consolidated holding company’s blanket bond.

(20) Travel and entertainment expenses, including costs

incurred by officers and employees of the holding

company or its consolidated subsidiaries for attending meetings and conventions.

(21) Dues, fees, and other expenses associated with

memberships in country clubs, social or private

clubs, civic organizations, and similar clubs and

organizations.

(22) Civil money penalties and fines.

(23) All service charges, commissions, and fees levied

by others for the repossession of assets and the

collection of the consolidated holding company’s

loans or other assets, including charged-off loans or

other charged-off assets.

(24) Expenses (except salaries) related to handling credit

card or charge sales received from merchants when

the holding company or its consolidated subsidiaries do not carry the related loan accounts on its

books. Holding companies are also permitted to net

these expenses against their charges to merchants

for the holding company’s handling of these sales

reported in item 5(l) above.

(25) The cost of newspapers and magazines of the

holding company or its consolidated subsidiaries

prepared for distribution to bank officers and

employees or to others.

(26) Depreciation expense of furniture and equipment

rented to others under operating leases.

(27) Cost of checks provided to depositors.

(28) Amortization expense of purchased computer software and of the costs of computer software to be

sold, leased, or otherwise marketed capitalized in

accordance with the provision of ASC

Subtopic 985-20, Software – Costs of Software to

Be Sold, Leased or Marketed (formerly FASB

Statement No. 86, Accounting for the Cost of

Computer Software to Be Sold, Leased, or Otherwise Marketed).

(29) Net losses (gains) on nonhedging derivative instruments held for purposes other than trading. Holding

companies should consistently report these net

losses (gains) either in this item or in Schedule HI, item 5(l). For further information, see the

Glossary entry for ‘‘derivative contracts.’’

(30) Net tellers’ shortages (overages), net losses (recoveries) on forged checks, net losses (recoveries) on

payment of checks over stop payment orders, and

similar recurring operating losses (gains) of this

type. Holding companies should consistently report

these losses (gains) either in this item or in Schedule HI, item 5(l).

(31) Benefit, losses and expenses from insurance-related

activities. (Also report separately in Schedule HI,

memorandum item 12(c)).

(32) For holding companies that have not adopted FASB

Accounting Standards Update No. 2016-13

(ASU 2016-13), which governs the accounting for

credit losses, provisions for credit losses on offbalance sheet credit exposures.

(33) Net losses (gains) from the extinguishment of

liabilities (debt), including losses resulting from the

payment of prepayment penalties on borrowings

such as Federal Home Loan Bank advances. However, if a holding company’s debt extinguishments

normally result in net gains over time, then the

bank should consistently report its net gains (losses)

in Schedule HI, item 5(l), ‘‘Other noninterest

income.’’

(34) Fees for accounting, auditing, and attestation services, retainer fees, and other fees and expenses

paid to accountants and auditors who are not holding company officers or employees. (Report the

Schedule HI

HI-22 FR Y-9C

Schedule HI March 2021
amount of such expenses in Schedule HI, Memoranda item 7(h), if this amount is greater than

$100,000 and exceeds 7 percent of the amount

reported in Schedule HI, item 7(d).)

(35) Fees for consulting and advisory services, retainer

fees, and other fees and expenses paid to management consultants, investment advisors, and other

professionals (other than attorneys providing legal

services and accountants providing accounting,

auditing, and attestation services) who are not

holding company officers or employees. (Report

the amount of such expenses in Schedule HIMemoranda item 7(i), if this amount is greater than

$100,000 and exceeds 7 percent of the amount

reported in Schedule HI, item 7(d).)

(36) Automated teller machine (ATM) and interchange

expenses from bank card and credit card transactions. (Report the amount of such expenses in

Schedule HI, Memoranda item 7(j), if this amount

is greater than $100,000 and exceeds 7 percent of

the amount reported in Schedule HI, item 7(d).)

Exclude from other noninterest expense:

(1) Material expenses incurred in the issuance of subordinated notes and debentures (capitalize such

expenses and amortize them over the life of the

related notes and debentures, using the effective

interest method, and report the expense in item 2(d)

“Interest on subordinated notes and debentures.” For

further information, see the Glossary entry for “Debt

issuance costs.”

(2) Expenses incurred in the sale of preferred and common stock. (Deduct such expenses from the sale

proceeds and credit the net amount to the appropriate

stock account. For perpetual preferred and common

stock only, report the net sales proceeds in Schedule HI-A, item 5(a), ‘‘Sale of perpetual preferred

stock, gross’’ and item 6(a), ‘‘Sale of common stock,

gross’’ as appropriate.)

(3) Depreciation and other expenses related to the use of

automobiles owned by the holding company or its

consolidated subsidiaries, airplanes, and other vehicles for holding company (or its consolidated subsidiaries) business (report in item 7(b), “Expenses on

premises and fixed assets, net of rental income”).

(4) For holding companies that have not adopted

ASU 2016-13, which governs the accounting for

credit losses, write-downs of the cost basis of individual held- to-maturity and available-for-sale securities for other than temporary impairments (report in

Schedule HI, item 6(a), ‘‘Realized gains (losses) on

held-to-maturity securities,’’ and item 6(b), ‘‘Realized gains (losses) on available-for-sale securities,’’

respectively).

(5) For holding companies that have adopted

ASU 2016-13: (a) Charge-offs of the cost basis of

individual held-to-maturity and available-for-sale

debt securities resulting from credit losses (report as

deductions from the applicable allowance for credit

losses in columns B and C, respectively, of Schedule HI-B, Part II, item 3, “Charge-offs”); (b) Any

write-off recorded when the fair value of an availablefor-sale debt security is less than its amortized cost

basis and (i) the institution intends to sell the security

or (ii) it is more likely than not that the institution

will be required to sell the security before recovery of

its amortized cost basis (report in Schedule HI,

item 6.b, “Realized gains (losses) on available-forsale securities”); and (c) Provisions for credit losses

on off-balance-sheet credit exposures from this

item 7.d; report these provisions in Schedule HI-B,

Part II, Memorandum item 7, and include them in

Schedule HI, item 4, “Provision for loan and lease

losses.”

(6) Revaluation adjustments to the carrying value of all

assets and liabilities reported in Schedule HC at fair

value under a fair value option. Holding companies

should report these net decreases (increases) in fair

value on trading assets and liabilities in Schedule HI,

item 5(c); on servicing assets and liabilities in Schedule HI, item 5(f); and on other financial assets and

liabilities in Schedule HI, item 5(l). Contractual

amounts of interest income earned and interest

expense incurred on these financial assets and liabilities should be excluded from the net decreases

(increase) in fair value and reported in the appropriate interest income or interest expense items on

Schedule HI.

Line Item 7(e) Total noninterest expense.

Report the sum of items 7(a) through 7(d).

Schedule HI

FR Y-9C HI-23

Schedule HI March 2021
Line Item 8(a) Income (loss) before change in net

unrealized holding gains (losses) on equity securities

not held for trading, applicable income taxes, and

discontinued operations.

Report the holding company’s pretax income from continuing operations before any change in net unrealized

holding gains (losses) on equity securities and any equity

investments not held for trading. This amount will generally be determined by taking item 3, “Net interest

income,” minus item 4, “Provision for loan and lease

losses,” plus item 5(m), “Total noninterest income,” plus

or minus item 6(a), “Realized gains (losses) on held-tomaturity securities,” plus or minus item 6(b), “Realized

gains (losses) on available-for-sale debt securities,” minus

item 7(e), “Total noninterest expense.” If the result is

negative, report with a minus (-) sign.

NOTE: All holding companies must complete HI,

item 8(b) (i.e. not leave item 8(b) blank), because all

holding companies are now required to have adopted

FASB Accounting Standards Update No. 2016-01 (ASU

2016-01), for FR Y-9C purposes. ASU 2016-01 includes

provisions governing the accounting for investments in

equity securities and eliminates the concept of availablefor-sale equity securities. ASU 2016-01 requires holdings of equity securities (except those accounted for

under the equity method or that result in consolidation),

including other ownership interests (such as interests in

partnerships, unincorporated joint ventures, and limited

liability companies), to be measured at fair value with

changes in the fair value recognized through net income.

However, an institution may choose to measure equity

securities and other equity investments that do not have

readily determinable fair values at cost minus impairment, if any, plus or minus changes resulting from

observable price changes in orderly transactions for the

identical or a similar investment of the same issuer. See

the Glossary entry for “Securities Activities” for further

information on accounting for investments in equity

securities.

Line Item 8(b) Change in net unrealized holding

gains (losses) on equity securities not held for

trading.

Report the year-to-date change in net unrealized holding

gains (losses) on equity securities with readily determinable fair values not held for trading. Include the year-todate change in net unrealized holding gains (losses) on

equity securities and other equity investments without

readily determinable fair values not held for trading that

are measured at fair value through earnings. Also include

impairment, if any, plus or minus changes resulting from

observable price changes during the year-to-date reporting period on equity securities and other equity investments without readily determinable fair values not held

for trading for which this measurement election is made.

Include realized gains (losses) on equity securities and

other equity investments during the year-to-date reporting period. A realized gain (loss) arises if a holding

company sells an equity security or other equity investment, but had not yet recorded in earnings the change in

value to the point of sale since the last value change was

recorded.

Line Item 8(c) Income (loss) before applicable

income taxes and discontinued operations.

Report the holding company’s pretax income from continuing operations as the sum of Schedule HI, item 8(a),

“Income (loss) before change in net unrealized holding

gains (losses) on equity securities not held for trading,

applicable income taxes, and discontinued operations,”

and Schedule HI, item 8(b), “Unrealized holding gains

(losses) on equity securities not held for trading.” If the

amount is negative, report it with a minus (-) sign.

Line Item 9 Applicable income taxes (on item 8(c)).

Report the total estimated federal, state and local, and

foreign income tax expense applicable to item 8(c),

“Income (loss) before applicable income taxes and discontinued operations.” Include both the current and

deferred portions of these income taxes. If the amount is

a tax benefit rather than tax expense, report with a minus

(-) sign.

Include as applicable income taxes all taxes based on a

net amount of taxable revenues less deductible expenses.

Exclude from applicable income taxes all taxes based on

gross revenues or gross receipts (report such taxes in

item 7(d), ‘‘Other noninterest expense’’).

Include income tax effects of changes in tax laws or rates.

Also include the effect of changes in the valuation

allowance related to deferred tax assets resulting from a

change in estimate of the realizability of deferred tax

assets, excluding the effect of any valuation allowance

changes related to unrealized holding gains (losses) on

available-for-sale securities that are charged or credited

directly to the separate component of equity capital for

Schedule HI

HI-24 FR Y-9C

Schedule HI December 2020
“Accumulated other comprehensive income” (Schedule

HC, item 26(b)).

Include the tax benefit of an operating loss carryforward

or carryback for which the source of the income or loss in

the current year is reported in Schedule HI, item 8(a),

“Income (loss) before applicable income taxes and discontinued operations.”

Also include the dollar amount of any material adjustments or settlements reached with a taxing authority

(whether negotiated or adjudicated) relating to disputed

income taxes of prior years.

Exclude the estimated federal, state and local, and foreign income taxes applicable to:

(1) Item 11, “Discontinued operations, net of applicable

taxes.’’

(2) Schedule HI-A, item 2, ‘‘Cumulative effect of changes

in accounting principles and corrections of material

accounting errors.’’

(3) Schedule HI-A, item 12, ‘‘Other comprehensive

income.’’

Line Item 10 Income (loss) before discontinued

operations.

Report the difference between item 8(a), ‘‘Income (loss)

before applicable income taxes and discontinued operations’’ and item 9, ‘‘Applicable income taxes (on

item 8(c)).’’ If the amount is negative, report with a

minus (-) sign.

Line Item 11 Discontinued operations, net of

applicable income taxes.

Report the results of discontinued operations, if any, net

of applicable income taxes, as determined in accordance

with the provisions of ASC Subtopic 205-20, Presentation of Financial Statements—Discontinued Operations

(formerly FASB Statement No. 144, “Accounting for the

Impairment of Long-Lived Assets”). If the amount

reported in this item is a net loss, report with a minus (-)

sign.

Line Item 12 Net income (loss) attributable to

holding company and noncontrolling (minority)

interests.

Report the sum of Schedule HI, items 10 and 11. If this

amount is a net loss, report with a minus (-) sign.

Line Item 13 LESS: Net income (loss)

attributable to noncontrolling (minority) interests.

Report that portion of consolidated net income reported

in Schedule HI, item 12, above, attributable to noncontrolling interests of subsidiaries of the holding company.

A noncontrolling interest, also called a minority interest,

is the portion of equity in a holding company’s subsidiary

not attributable, directly or indirectly, to the parent

holding company. If the amount reported in this item is a

net loss, report with a minus (-) sign.

Line Item 14 Net income (loss) attributable to

company.

Report Schedule HI, item 12 less item 13. If this amount

is a net loss, report with a minus (-) sign.

Memoranda

Line Item M1 Net interest income (item 3 above)

on a fully taxable equivalent basis.

Memo items 1 and 2 are to be completed by holding

companies with $5 billion or more in total assets.

Report net interest income (Schedule HI, item 3 above)

on a fully taxable equivalent basis. The amount reported

in this item should reflect what net interest income of the

reporting holding company would be if all its interest

income was subject to federal and state income taxes.

The following accounts on which the interest income is

fully or partially tax-exempt, should be adjusted to a

‘‘taxable equivalent’’ basis in order that the holding

company can compute its net interest income on a fully

taxable equivalent basis:

(1) interest income on tax-exempt obligations (other than

securities) of states and political subdivisions in the

U.S. (included in Schedule HI, item 1(a));

(2) income on tax-exempt securities issued by states and

political subdivisions in the U.S. (included in Schedule HI, item 1(d)(3));

(3) income on lease financing receivables that is taxexempt (included in Schedule HI, item 1(b)); and

(4) any other interest income (such as interest income

earned on loans to an Employee Stock Ownership

Plan), which under state or federal laws is partially or

in its entirety exempt from income taxes.

Schedule HI

FR Y-9C HI-25

Schedule HI December 2020
The changes to the 1986 Tax Reform Act must be taken

into consideration when computing net interest income

on a fully taxable equivalent basis. The 1986 Act, in

general, disallowed 100% of the interest expense allocable to tax-exempt obligations acquired after August 7,

1986. Previous to that date, and after December 31, 1982,

the disallowance percentage was 20%; previous to December 31, 1982, the disallowance was 0%.

Line Item M2 Net income before applicable

income taxes, and discontinued operations (item 8

above) on a fully taxable equivalent basis.

Report net income before applicable income taxes, and

discontinued operations (item 8 above) on a fully taxable

equivalent basis. The amount reported in this item should

reflect what net income of the reporting holding company

would be if all its income was subject to federal and state

income taxes. For purposes of this item, include net

interest income on a fully taxable equivalent basis as

reported in memoranda item 1 above plus all other

income and expense adjusted to reflect the holding

company’s net income on a fully taxable equivalent

basis.

Line Item M3 Income on tax-exempt loans and

leases to states and political subdivisions in the U.S.

(included in items 1(a) and 1(b) above).

Report the holding company’s best estimate of the

income from all tax-exempt loans and leases extended

to states and political subdivisions in the U.S. that is

included in items 1(a) and 1(b) above.

Tax-exempt loans and leases are those loans and leases to

states and political subdivisions in the U.S. whose income

is excludable from gross income for federal income tax

purposes, regardless of whether the income from the loan

or lease must be included in the holding company’s

alternative minimum taxable income and regardless of

the federal income tax treatment of the expense incurred

to carry the loan or lease.

Line Item M4 Income on tax-exempt securities

issued by states and political subdivisions in the U.S.

(included in item 1(d)(3) above).

Report the holding company’s best estimate of the

income from all tax-exempt securities issued by states

and political subdivisions in the U.S. that is included in

item 1(d)(3) above.

Line Item M5 Number of full-time equivalent

employees at end of current period.

Report the number of full-time equivalent employees on

the payroll of the holding company and its consolidated

subsidiaries as of the report date.

To convert the number of part-time employees to fulltime equivalent employees, add the total number of hours

all part-time and temporary employees worked during the

quarter ending on the report date and divide this amount

by the number of hours a full-time employee would have

been expected to work during the quarter. Round the

result to the nearest whole number and add it to the

number of full-time employees. (A full-time employee

may be expected to work more or less than 40 hours each

week, depending on the policies of the reporting holding

company.)

Line Item M6 Other noninterest income (only

report amounts greater than $100,000 that exceed

7% of Schedule HI, item 5(l)).

Note: Memo Items 6(a) through 6(j) are to be completed

annually on a calendar year-to-date basis in the December report only by holding companies with less than $5

billion in total assets. Holding companies with greater

than $5 billion in total assets should report these items

on a quarterly basis.

Disclose in memoranda items 6(a) through 6(j) each

component of Schedule HI, item 5(l), “Other noninterest

income,” and the dollar amount of such component, that

is greater than $100,000 and exceeds 7 percent of the

“Other noninterest income.”

Preprinted captions have been provided for the following

categories of “Other noninterest income”:

• M6(a), “Income and fees from the printing and sale of

checks,”

• M6(b), “Earnings on/increase in value of cash surrender value of life insurance,”

• M6(c), “Income and fees from automated teller

machines (ATMs),”

• M6(d), “Rent and other income from other real estate

owned,”

• M6(e), “Safe deposit box rent,”

• M6(f), “Bank card and credit card interchange fees.”

Schedule HI

HI-26 FR Y-9C

Schedule HI June 2018
• M6(g), “Income and fees from wire transfers not

reportable as service charges on deposit accounts.”

Although descriptions of these components of “Other

noninterest income” are included in the instructions for

Schedule HI-5(l), holding companies need not adjust

their internal noninterest income definitions to match the

descriptions in item 5(l). Rather, holding companies may

report the components of their “Other noninterest income”

using their internal definitions that reasonably correspond to the preprinted captions provided for this item,

provided the internal definitions are used consistently

over time.

For other components of “Other noninterest income” that

exceed the disclosure threshold, list and briefly describe

these components in memoranda items 6(h) through 6(j).

For components of ‘‘Other noninterest income’’ that

reflect a single credit for separate ‘‘bundled services’’

provided through third party vendors, disclose such

amounts in the item that most closely describes the

predominant type of income earned, and this categorization should be used consistently over time.

If net losses have been reported in Schedule HI, item 5(l),

for a component of ‘‘Other noninterest income,’’ use the

absolute value of such net losses to determine whether

the amount of the net losses is greater than $100,000 and

exceeds 7 percent of “Other noninterest income” and

should be reported in this item. (The absolute value refers

to the magnitude of the dollar amount without regard to

whether the amount represents net gains or net losses.) If

net losses are reported in this item, report with a minus (-)

sign. A sample of the types of items that may require

disclosure has been included in the instructions to

item 5(l) above. The description of each item reported in

memoranda items 6(h) through 6(j) should be reported in

the area marked as ‘‘text’’ on the report form in a clear

and concise manner and limited to 132 characters per

item (including punctuation and spaces). Do not use

words such as ‘‘miscellaneous’’ or ‘‘other’’ to describe

these items. The dollar amount should be reported in the

adjacent column on the right. If there are no reportable

amounts for memoranda items 6(h) through 6(j), then

these items should be left blank.

Line Item M7 Other noninterest expense (only

report amounts greater than $100,000 that exceed

7% of the sum of Schedule HI, item 7(d)).

Note: Memo Items 7(a) through 7(p) are to be completed annually on a calendar year-to-date basis in the

December report only by holding companies with less

than $5 billion in total assets. Holding companies with

$5 billion or more in total assets should report these

items on a quarterly basis.

Disclose in memoranda items 7(a) through 7(p) each

component of Schedule HI, item 7(d), “Other noninterest

expense,” and the dollar amount of such component, that

is greater than $100,000 and exceeds 7 percent of the

‘‘Other noninterest expense.’’

Preprinted captions have been provided for the following

categories of “Other noninterest expense”:

• M7(a), “Data processing expenses,”

• M7(b), “Advertising and marketing expenses,”

• M7(c), “Directors’ fees,”

• M7(d), “Printing, stationery, and supplies,”

• M7(e), “Postage,”

• M7(f), “Legal fees and expenses,”

• M7(g), “FDIC deposit insurance assessments,”

• M7(h), “Accounting and auditing expenses,”

• M7(i), “Consulting and advisory expenses,”

• M7(j), “Automated teller machine (ATM) and interchange expenses,” and

• M7(k), “Telecommunications expenses.”

• M7(l), “Other real estate owned expenses.”

• M7(m) “Insurance Expenses (not included in employee

expenses, premises and fixed assets expenses), and

other real estate owned expenses.”

Although descriptions of these components of “Other

noninterest expense” are included in the instructions for

Schedule HI-7(d), holding companies need not adjust

their internal noninterest expense definitions to match the

descriptions in item 7(d). Rather, holding companies may

report the components of their “Other noninterest

expense” using their internal definitions that reasonably

correspond to the preprinted captions provided for this

item, provided the internal definitions are used consistently over time.

For other components of “Other noninterest expense”

that exceed the disclosure threshold, list and briefly

Schedule HI

FR Y-9C HI-27

Schedule HI June 2018
describe these components in memoranda items 7(n)

through 7(p).

For components of “Other noninterest expense” that

reflect a single charge for separate “bundled services”

provided by third-party vendors, disclose such amounts

in the item that most closely describes the predominant

type of expense incurred, and this categorization should

be used consistently over time.

Do not itemize “Benefits, losses, and expenses from

insurance-related activities.” These amounts are reported

separately in Schedule HI, memorandum item 12(c).

If net gains have been reported in this item for a

component of ‘‘Other noninterest expense,’’ use the

absolute value of such net gains to determine whether the

amount of the net gains is greater than $100,000 and

exceeds 7 percent of “Other noninterest expense” and

should be reported in this item. (The absolute value refers

to the magnitude of the dollar amount without regard to

whether the amount represents net gains or net losses.) If

net gains are reported in this item, report with a minus (-)

sign. A sample of the types of items that may require

disclosure has been included in the instructions to

item 7(d) above. The description of each item reported in

memoranda items 7(n) through 7(p) should be reported in

the area marked as ‘‘text’’ on the report form in a clear

and concise manner and limited to 132 characters per

item (including punctuation and spaces). Do not use

words such as ‘‘miscellaneous’’ or ‘‘other’’ to describe

these items. The dollar amount should be reported in the

adjacent column on the right. If there are no reportable

amounts for memoranda items 7(n) through 7(p), then

these items should be left blank.

Line Item M8 Discontinued operations and

applicable income tax effect.

Memo items 8.a.(1) through Memo item 8.b.(2) are

reported by HCs with $5 billion or more in total

consolidated assets. Holding companies with less than

$5 billion should leave this item blank.

List and briefly describe in items M8(a) through M8(b(2))

below each of the discontinued operations included in

item 11, “Discontinued operations net of applicable

income taxes.” However, each item should be reported

separately, gross of income taxes and the income tax

effect separately reported, as indicated.

If discontinued operations is a loss or otherwise reduces

the holding company’s income, report with a minus (-)

sign. If an applicable income tax effect is a tax benefit

(rather than a tax expense), report with a minus (-) sign.

Line Item M9 Trading revenue (from cash

instruments and derivative instruments).

Memorandum items 9(a) through 9(e) are to be completed by holding companies with $5 billion or more in

total assets and that reported total trading assets (in

Schedule HC item 5) of $10 million or more for any

quarter of the preceding calendar year.

Report, in Memorandum items 9(a) through 9(e) below, a

breakdown of trading revenue that has been included in

the body of the income statement in Schedule HI, item

5(c). For each of the four types of underlying risk

exposure, report the combined revenue (net gains and

losses) from trading cash instruments and derivative

instruments. For purposes of Memorandum item 9, the

reporting holding company should determine the underlying risk exposure category in which to report the

trading revenue from cash instruments and derivative

instruments in the same manner that the holding company makes this determination for other financial reporting purposes. The sum of Memorandum items 9(a)

through 9(e) must equal Schedule HI, item 5(c).

Line Item M9(a) Interest rate exposures.

Report in this item net gains (losses) from trading cash

instruments and derivative contracts that the reporting

holding company manages as interest rate exposures.

Interest rate exposures may arise from cash debt instruments (e.g., U.S. Treasury securities) and interest rate

contracts. Interest rate contracts are those contracts

related to an interest-bearing financial instrument or

whose cash flows are determined by referencing interest

rates or another interest rate contract (e.g., an option on a

futures contract to purchase a Treasury bill). Interest rate

contracts include single currency interest rate swaps,

basis swaps, forward rate agreements, and interest rate

options, including caps, floors, collars, and corridors.

Exclude trading revenue on contracts involving the

exchange of foreign currencies (e.g., cross-currency

swaps and currency options) that the reporting holding

company manages as foreign exchange exposures. Report

such trading revenue in Memorandum item 9(b).

Schedule HI

HI-28 FR Y-9C

Schedule HI December 2019
Line Item M9(b) Foreign exchange exposures.

Report in this item net gains (losses) from trading cash

instruments and derivative contracts that the reporting

holding company manages as foreign exchange exposures. Foreign exchange exposures may arise from cash

instruments (e.g., debt securities) denominated in nonU.S. currencies and foreign exchange rate contracts.

Foreign exchange rate contracts are those contracts to

purchase foreign (non-U.S.) currencies and U.S. dollar

exchange in the forward market (i.e., on an organized

exchange or in an over-the-counter market). A purchase

of U.S. dollar exchange is equivalent to a sale of foreign

currency. Foreign exchange rate contracts include crosscurrency interest rate swaps where there is an exchange

of principal, forward and spot foreign exchange contracts, and currency futures and currency options.

Line Item M9(c) Equity security and index

exposures.

Report in this item net gains (losses) from trading cash

instruments and derivative contracts that the reporting

holding company manages as equity security and index

exposures. Equity security or index exposures may arise

from equity securities and equity security or index (i.e.,

equity derivative) contracts. Equity derivative contracts

are contracts that have a return, or a portion of their

return, linked to the price of a particular equity or to an

index of equity prices, such as the Standard and Poor’s

500.

Line Item M9(d) Commodity and other exposures.

Report in this item net gains (losses) from trading cash

instruments and derivative contracts that the reporting

holding company manages as commodity or other exposures. Commodity or other exposures may arise from

commodities and commodity and other derivative contracts not reported as interest rate, foreign exchange,

equity, or credit derivative contracts. Commodity and

other contracts are contracts that have a return, or a

portion of their return, linked to the price or to an index

of precious metals, petroleum, lumber, agricultural products, etc. Commodity and other contracts also include

any other contracts that are not reportable as interest rate,

foreign exchange, equity, or credit derivative contracts.

Line Item M9(e) Credit exposures.

Report in this item net gains (losses) from trading cash

instruments and derivative contracts that the reporting

holding company manages as credit exposures. Credit

exposures may arise from cash debt instruments (e.g.,

debt securities) and credit derivative contracts. In general, credit derivative contracts are arrangements that

allow one party (the ‘‘beneficiary’’) to transfer the credit

risk of a ‘‘reference asset’’ or ′′reference entity′′ to

another party (the ‘‘guarantor’’). Credit derivative contracts include credit default swaps, total return swaps,

credit options, and other credit derivatives.

Memorandum items 9(f) and 9(g) are to be completed by

holding companies with $100 billion or more in total

assets that are required to complete Memorandum items

9(a) through 9(e).

Line Item M9(f) Impact on trading revenue of

changes in the creditworthiness of the holding

company’s derivatives counterparties on the holding

company’s derivative assets (included in

Memorandum items 9(a) through 9(e) above).

Report in this item the amount included in the trading

revenue reported in Schedule HI, Memorandum items

9(a) through 9(e), above that resulted from changes

during the calendar year-to-date in the holding company’s credit valuation adjustments (CVA). A CVA is the

adjustment to the fair value of derivatives that accounts

for possible nonperformance of the holding company’s

derivatives counterparties. It is an estimate of the fair

value of counterparty credit risk.

Line Item M9(g) Impact on trading revenue of

changes in the creditworthiness of the holding

company on the holding company’s derivative

liabilities (included in Memorandum items 9(a)

through 9(e) above).

Report in this item the amount included in the trading

revenue reported in Schedule HI, Memorandum items

9(a) through 9(e), above that resulted from changes

during the calendar year-to-date in the holding company’s debit valuation adjustment (DVA). A DVA is the

adjustment to the fair value of derivatives that accounts

for possible nonperformance of the holding company. It

is an estimate of the fair value of the holding company’s

own credit risk to its counterparties.

Memorandum items 10(a) and 10(b) are to be completed

by holding companies with $10 billion or more in total

consolidated assets.

Schedule HI

FR Y-9C HI-29

Schedule HI December 2019
Line Item M10 Net gains (losses) recognized in

earnings on credit derivatives that economically

hedge credit exposures held outside the trading

account.

Report in the appropriate subitem the net gains (losses)

recognized in earnings on credit derivatives that economically hedge credit exposures held outside the trading

account, regardless of whether the credit derivative is

designated as and qualifies as a hedging instrument under

generally accepted accounting principles. Credit exposures held outside the trading account include, for example, nontrading assets (such as available-for-sale securities and loans held for investment) and unused lines of

credit.

Line Item M10(a) Net gains (losses) on credit

derivatives held for trading.

Report the net gains (losses) recognized in earnings on

credit derivatives held for trading (and reportable as

trading assets or trading liabilities, as appropriate, in

Schedule HC, item 5 or item 15, respectively) that

economically hedge credit exposures held outside the

trading account. The net gains (losses) on credit derivatives reported in this item will also have been included as

trading revenue in Schedule HI, Memorandum item 9(e),

‘‘Credit exposures.’’

Line Item M10(b) Net gains (losses) on credit

derivatives held for purposes other than trading.

Report the net gains (losses) recognized in earnings on

credit derivatives held for purposes other than trading

(and reportable as other assets or other liabilities, as

appropriate, in Schedule HC, item 11 or item 20, respectively) that economically hedge credit exposures held

outside the trading account. Net gains (losses) on credit

derivatives held for purposes other than trading should

not be reported as trading revenue in Schedule HI, item

5(c).

Line Item M11 Credit losses on derivatives.

Memorandum item 11 is to be completed by holding

companies with $5 billion or more in total assets.

Report the consolidated holding company’s year-to-date

credit losses incurred on derivative contracts (as defined

for Schedule HC-L, items 7 and 11), net of recoveries

(e.g., net charge-offs). The amount reported in this item

should include all credit losses regardless of whether the

consolidated holding company charged such losses

directly to income (e.g., trading revenue) or to another

account (e.g., allowance for credit losses on derivatives).

If the amount to be reported in this item represents

year-to-date net recoveries, report this amount with a

minus (-) sign.

Memorandum items 12(a) through 12(c) are to be

completed by holding companies with $5 billion or more

in total assets.1

Line Item M12(a) Income from the sale and

servicing of mutual funds and annuities (in

domestic offices).

Report the amount of income earned by the reporting

holding company during the calendar year-to-date from

the sale and servicing of mutual funds and annuities (in

domestic offices).

Include in this item:

(1) Income earned in connection with mutual funds

and annuities that are sold on the premises of the

reporting holding company or its subsidiaries, or that

are sold by the reporting holding company, a subsidiary, or by affiliated or unaffiliated entities from

whom the reporting holding company reports income

on a consolidated basis in the FR Y-9C. This income

may be in the form of fees or sales commissions at

the time of the sale or fees, including a share of

another entity’s fees, that are earned over the duration of the account (e.g., annual fees, Rule 12b-1 fees

or “trailer fees,” and redemption fees). Commissions

should be reported as income as earned at the time of

the sale (i.e., on an accrual basis), but may be

reported as income when payment is received if the

results would not differ materially from those obtained

using an accrual basis.

(2) Income that is reported on a consolidated basis in the

FR Y-9C from leasing arrangements with affiliated

and unaffiliated entities who lease space in offices

of the reporting holding company or its subsidiaries

for use in selling mutual funds and annuities. Income

from leasing arrangements should be reported as

income as earned (i.e., on an accrual basis), but may

1. This asset size test is determined based on the total assets reported in

the previous year’s June 30 FR Y-9C report.

Schedule HI

HI-30 FR Y-9C

Schedule HI June 2018
be reported as income when payment is received if

the results would not differ materially from those

obtained using an accrual basis.

(3) Fees for providing investment advisory services for

mutual funds and annuities.

(4) Fees for providing securities custody, transfer agent,

and other operational and ancillary services to mutual

funds and annuities that are sold on the premises of

the reporting holding company, or sold by the reporting holding company or its subsidiaries, through a

subsidiary, or by affiliated or unaffiliated entities

from whom the holding company reports income on

a consolidated basis in the FR Y-9C at the time of the

sale or over the duration of the account.

Also include income from sales conducted through the

reporting holding company’s trust department that are

not executed in a fiduciary capacity (e.g., trustee, executor, administrator, conservator) but exclude income from

sales conducted by the trust department that are executed

in a fiduciary capacity.

In general, this income will have been included in

Schedule HI, item 5(d)(1), ‘‘Fees and commissions from

securities brokerage’’ (for mutual funds) and item 5(d)(3),

‘‘Fees and commissions from annuity sales.’’ However,

income from leasing arrangements, or the portion thereof,

that is fixed in amount and does not vary based on sales

volume may have been reported as a deduction from

Schedule HI, item 7(b), ‘‘Expenses of premises and fixed

assets, net of rental income.’’ Thus, the income to be

included in this item should be reported gross rather than

net of expenses incurred by the reporting holding company or a consolidated subsidiary.

Exclude fees earned for providing securities custody,

transfer agent, and other operational and ancillary services

to third party mutual funds and annuities that are not sold

on the premises of the reporting holding company or its

consolidated subsidiaries and are not otherwise sold by

the reporting holding company, through a subsidiary, or

by affiliated or unaffiliated entities from whom the reporting holding company receives income at the time of the

sale or over the duration of the account.

Line Item M12(b) Premiums.

Report in memoranda items 12(b)(1) and 12(b)(2) premium revenues from the insurance and reinsurance

underwriting operations of the holding company and its

affiliates. Do not include any commission and fee income

from the sale of insurance products.

Line Item M12(b)(1) Premiums on insurance

related to the extension of credit.

Report the amount of premiums from insurance and

reinsurance underwriting reported in item 5(d)(4) above

that were recognized on property, casualty, life, health,

accident, involuntary unemployment and other insurance

coverage related to an extension of credit or lease

financing, e.g., credit life and mortgage insurance. Include

title insurance premiums, forced placed coverage, collateral protection, and private mortgage insurance premiums in this line item. Exclude all insurance and annuity

sales and referral fee revenue (reported in Schedule HI,

line item 5(d)(5)).

Line Item M12(b)(2) All other insurance

premiums.

Report the amount of insurance premiums from insurance and reinsurance underwriting reported in item 5(d)(4)

above other than the credit-related insurance premiums

reported in item M12(b)(1) above. Exclude all insurance

and annuity sales and referral fee revenue (reported in

Schedule HI, line item 5(d)(5)).

Line Item M12(c) Benefits, losses, and expenses

from insurance-related activities.

Report for insurance and reinsurance underwriting activities current and future insurance benefits, interest credited to contract holders, policyholder dividends, amortization of deferred acquisition cost, claims and claims

adjustment expenses and any other operating expenses,

excluding salaries and overhead expense (except salaries

and benefits expense included in claims adjustment

expense), which should be reported in item 7(a) above.

Line Item M13 Does the reporting holding

company have a Subchapter S election in effect for

federal income tax purposes for the current tax

year? (Enter “1” for yes; enter “0” for no.)

Indicate whether the holding company has elected, for

federal income tax purposes, an ‘‘S corporation’’ status,

as defined in Internal Revenue Code Section 1361 as of

the report date. Enter “1” for yes; enter “0” for no. In

order to be an S corporation, the holding comSchedule HI

FR Y-9C HI-31

Schedule HI March 2015
pany must have a valid election with the Internal Revenue Service and obtain the consent of all of its shareholders. In addition, the holding company must meet specific

criteria for federal income tax purposes at all times

during which the election remains in effect. These specific criteria include, for example, having no more than

100 qualifying shareholders and having only one class of

stock outstanding.

Memorandum item 14 is to be completed by holding

companies with $5 billion or more in total assets and

that have elected to account for assets and liabilities

under a fair value option.

Line Item M14 Net gains (losses) recognized in

earnings on assets and liabilities that are reported

at fair value under a fair value option.

Report in the appropriate subitem the total amount of

pretax gains (losses) from fair value changes included in

earnings during the calendar year to date for all assets

and liabilities accounted for at fair value under a fair

value option. If the amount to be reported is a net loss,

report with a minus (-) sign. Disclosure of such gains

(losses) is also required by ASC Subtopic 825-10, Financial Instruments – Overall (formerly FASB Statement

No. 159, Fair Value Option for Financial Assets and

Financial Liabilities, paragraph 19 and C7(b)), and ASC

Subtopic 860-50, Transfers and Servicing – Servicing

Assets and Liabilities (formerly FASB Statement No.

156, Accounting for Servicing of Financial Assets, paragraph 4(f)(1)(d)).

Line Item M14(a) Net gains (losses) on assets.

Report the total amount of pretax gains (losses) from fair

value changes included in earnings during the calendar

year to date for all assets, including hybrid financial

instruments and servicing assets, accounted for under a

fair value option. This amount will reflect the reported

interest included in total interest income in Schedule HI,

item 1(h), and revaluation adjustments included in noninterest income in Schedule HI, items 5(c), 5(f), and 5(l).

Exclude gains and losses for other items measured at fair

value, such as items required to be measured at fair value.

Line Item M14(a)(1) Estimated net gains (losses)

on loans attributable to changes in

instrument-specific credit risk.

For loans reported at fair value under a fair value option,

report the estimated portion of the change in fair value

included in earnings attributable to changes in instrumentspecific credit risk. Include all such loans reported in

Schedule HC, items 4(a), 4(b), and 5.

Line Item M14(b) Net gains (losses) on liabilities.

Report the total amounts of pretax gains (losses) from

fair value changes included in earnings during the calendar year-to-date for all liabilities, including hybrid financial instruments and servicing liabilities, accounted for

under a fair value option. This amount will reflect the

reported interest included in total interest expense in

Schedule HI, item 2(f), and revaluation adjustments

included in noninterest income in Schedule HI, items 5(c),

5(f), and 5(l). Exclude gains and losses for other items

measured at fair value, such as items required to be

measured at fair value.

Line Item M14(b)(1) Estimated net gains (losses)

on liabilities attributable to changes in

instrument-specific credit risk.

For liabilities reported at fair value under a fair value

option, report the estimated portion of the change in fair

value included in earnings attributable to changes in

instrument-specific credit risk.

Line Item M15 Stock-based employee

compensation expense (net of tax effects) calculated

for all awards under the fair value method.

Memo item 15 is to be completed by holding companies with $5 billion or more in total assets.

Report the stock-based employee compensation cost, that

is included in Schedule HI, item 7(e), net of related tax

effects. This compensation cost includes employee stock

options expense, calculated using the fair value method

applied to all awards in conformity with ASC Topic 718,

Compensation-Stock Compensation (formerly FASB

Statement No. 123(R), Shared-Based Payment). Stockbased employee compensation plans include all arrangements by which employees receive shares of stock or

other equity instruments of the employer or the employer

incurs liabilities to employees in amounts based on the

price of the employer’s stock. Examples are stock purchase plans, stock options, restricted stock, and stock

appreciation rights.

For purposes of reporting in this item, all awards refers

to awards granted, modified, or settled in fiscal periods

beginning after December 15, 1994.

Schedule HI

HI-32 FR Y-9C

Schedule HI December 2019
Memorandum item 16 is to be completed semiannually

in the June and December reports only by holding

companies with $5 billion or more in total assets and

annually in the December report by holding companies

with less than $5 billion in total assets. that are required

to complete Schedule HC-C, Memorandum items 6(b)

and 6(c).

Line Item M16 Noncash income from negative

amortization on closed-end loans secured by 1-4

family residential properties.

Report the amount of noncash income from negative

amortization on closed-end loans secured by 1-4 family

residential properties (i.e., interest income accrued and

uncollected that has been added to principal) included in

interest and fee income on loans in domestic offices

(Schedule HI, item 1(a)(1)).

Negative amortization refers to a method in which a loan

is structured so that the borrower’s minimum monthly (or

other periodic) payment is contractually permitted to be

less than the full amount of interest owed to the lender,

with the unpaid interest added to the loan’s principal

balance. The contractual terms of the loan provide that if

the borrower allows the principal balance to rise to a

pre-specified amount or maximum cap, the loan payments are then recast to a fully amortizing schedule.

Negative amortization features may be applied to either

adjustable rate mortgages or fixed-rate mortgages, the

latter commonly referred to as graduated payment mortgages (GPMs).

Line Item M17 Other-than-temporary impairment

losses on held-to-maturity and available-for-sale

securities recognized in earnings.

Note: Memo item 17 is to be completed semiannually in

June and December by HCs with less than $5 billion in

total consolidated assets. Holding companies with more

than $5 billion in total assets will continue to report this

item on a quarterly basis.

Memorandum item 17 should be completed only by

holding companies that have not adopted ASU 2016-13,

which governs the accounting for credit losses. Holding

companies that have adopted ASU 2016-13 should leave

this item blank.

Report the amount of other-than-temporary impairment

losses on held-to-maturity and available-for-sale debt

securities that has been recognized in earnings during the

calendar year to date. This amount is included in the

realized gains (losses) on held-to-maturity and availablefor-sale securities reported in Schedule HI, items 6(a)

and 6(b), respectively.

When the fair value of an individual held-to-maturity or

available-for-sale debt security is less than its amortized

cost basis, the security is impaired and the impairment is

either temporary or other-than-temporary. To determine

whether the impairment is other-than-temporary, a holding company must apply the relevant guidance in ASC

Topic 320, Investments-Debt and Equity Securities (formerly FASB Statement No. 115, “Accounting for Certain

Investments in Debt and Equity Securities,” as amended

by FASB Staff Position (FSP)FAS 115-1 and FAS 124-1,

“The Meaning of Other-Than-Temporary Impairment

and Its Application to Certain Investments,” and FSP

FAS 115-2 and FAS 124-2, “Recognition and Presentation of Other-Than-Temporary Impairments”) and ASC

Subtopic 325-40, Investments—Other—Beneficial Interests in Securitized Financial Assets (formerly Emerging

Issues Task Force (EITF) Issue No. 99-20, “Recognition

of Interest Income and Impairment on Purchased Beneficial Interests and Beneficial Interests That Continue to Be

Held by a Transferor in Securitized Financial Assets,” as

amended by FSP EITF 99-20-1, “Amendments to the

Impairment Guidance of EITF Issue No. 99-20”), as

appropriate.

When an other-than-temporary impairment loss has

occurred on an individual debt security, the total amount

of the loss is the entire difference between the amortized

cost of the debt security and its fair value on the

measurement date of the other-than-temporary impairment. For an other-than-temporary impairment loss on a

debt security that the holding company intends to sell and

on a debt security that it is more likely than not that the

holding company will be required to sell before recovery

of its amortized cost basis less any current-period credit

loss, the total amount of the other-than-temporary impairment loss must be recognized in earnings and must be

reported in this item.

For an other-than-temporary impairment loss on a debt

security when the holding company does not intend to

sell the security and it is not more likely than not that the

Schedule HI

FR Y-9C HI-33

Schedule HI March 2019
holding company will be required to sell the security

before recovery of its amortized cost basis less any

current-period credit loss, the other-than-temporary

impairment loss must be separated into (a) the amount

representing the credit loss, which must be recognized in

earnings, and (b) the amount related to all other factors,

which must be recognized in other comprehensive income.

Report in this item the portion of such an other-thantemporary impairment loss that represents the credit loss.

For more information, see the Glossary for “securities

activities.”

Schedule HI

HI-34 FR Y-9C

Schedule HI March 2017
LINE ITEM INSTRUCTIONS FOR

Changes in Holding Company

Equity Capital

Schedule HI-A

General Instructions

Total holding company equity capital includes perpetual

preferred stock, common stock, capital surplus, retained

earnings, accumulated other comprehensive income and

other equity capital components such as treasury stock

and unearned Employee Stock Ownership Plan Shares.

All amounts in Schedule HI-A, other than those reported

in items 1, 3, and 12, should represent net aggregate

changes for the calendar year-to-date. Report all net

decreases and losses (net reductions of holding company

equity capital) with a minus (-) sign.

Line Item 1 Total holding company equity capital

most recently reported for the end of previous

calendar year.

Report the consolidated holding company’s total equity

capital balance most recently reported for the previous

calendar year-end after the effect of all corrections and

adjustments to total equity capital that were made in any

amended report(s) for the previous calendar year-end.

Do not enter the consolidated holding company’s total

equity capital ending balance from the Report of Income

for the preceding quarter when preparing the June 30,

September 30, or December 31 report.

For holding companies opened since January 1 of the

current calendar year, report zero in this item. Report the

consolidated holding company’s opening (original) total

equity capital in items 5(a), ‘‘Sale of perpetual preferred

stock, gross’’ or 6(a), ‘‘Sale of common stock, gross’’ as

appropriate.

Pre-opening income earned and expenses incurred from

the holding company’s inception until the date the holding company commenced operations should be reported

in Schedule HI using one of the two following methods,

consistent with the manner in which the holding company reports pre-opening income and expenses for other

financial reporting purposes:

(1) The net amount of pre-opening income and expenses

for the entire period from the holding company’s

inception until the date the holding company commenced operations should be reported in the appropriate items of Schedule HI, each quarter during the

calendar year in which operations commenced; or

(2) Pre-opening income and expenses for the period

from the holding company’s inception until the

beginning of the calendar year in which the holding

company commenced operations should be included,

along with the holding company’s opening (original)

equity capital, in this item. The net amount of these

pre-opening income and expenses should be identified and described in ‘‘Notes to the Income Statement.’’ Pre-opening income earned and expenses

incurred during the calendar year in which the holding company commenced operations should be

reported in the appropriate items of Schedule HI,

each quarter during the calendar year in which

operations commenced.

Line Item 2 Cumulative effect of changes in

accounting principles and corrections of material

accounting errors.

Report the sum of the cumulative effect, net of applicable

income taxes, of all changes in accounting principles

adopted during the calendar year-to-date reporting period

that were applied retroactively and for which prior years’

financial statements were restated and all corrections

resulting from material accounting errors that were made

in prior years’ Consolidated Financial Statements for

Holding Companies and not corrected by the filing of an

amended report for the period in which the error was

made. Include only those corrections that result from:

(1) Mathematical mistakes.

(2) Mistakes in applying accounting principles.

FR Y-9C HI-A-1

Schedule HI-A March 2013
(3) Improper use of information which existed when the

prior Consolidated Financial Statements for Holding

Companies were prepared.

(4) A change from an accounting principle that is neither

accepted nor sanctioned by the Federal Reserve to

one that is acceptable to the Federal Reserve.

The effect of accounting errors differs from the effect of

changes in accounting estimates. Changes in accounting

estimates are an inherent part of the accrual accounting

process. Report the effect of any changes in accounting

estimates in the appropriate line items of Schedule HI,

Consolidated Income Statement. For further information

on corrections of errors and changes in estimates, refer to

the Glossary entry for ‘‘accounting changes.’’

The cumulative effect of a change in accounting principle

is the difference between (1) the balance in the retained

earnings account at the beginning of the year in which the

change is made and (2) the balance in the retained

earnings account that would have been reported at the

beginning of the year had the newly adopted accounting

principle been applied in all prior periods.

Refer to the Glossary entry for ‘‘accounting changes’’ for

information on how to determine the amount of the

cumulative effect of a change in accounting principle.

Line Item 3 Balance end of previous calendar year

as restated.

Report the sum of items 1 and 2.

Line Item 4 Net income (loss) attributable to

holding company.

Report the net income (loss) attributable to the holding

company for the calendar year-to-date as reported in

Schedule HI, item 14, ‘‘Net income (loss) attributable to

holding company.’’

Line Item 5 Sale of perpetual preferred stock.

Report the changes in the consolidated holding company’s total equity capital resulting from the sale of the

holding company’s perpetual preferred stock. Limitedlife preferred stock is not included in equity capital; any

proceeds from the sale of limited-life preferred stock

during the calendar year-to-date are not to be reported in

this item. (Include limited-life preferred stock in Schedule HC, item 19(a)).

Line Item 5(a) Sale of perpetual preferred stock,

gross.

Report in this item the total amount of new perpetual

preferred stock issued, net of any expenses associated

with the issuance of the stock.

Exclude the conversion of convertible debt and limitedlife preferred stock into perpetual preferred stock, as well

as the exercise of stock options (report in item 5(b)).

Line Item 5(b) Conversion or retirement of

perpetual preferred stock.

Report in this item the changes in the consolidated

holding company’s total equity capital resulting from:

(1) The conversion of convertible debt or limited-life

preferred stock into perpetual preferred stock.

(2) Exercise of stock options, including:

(a) Any income tax benefits to the consolidated

holding company resulting from the sale of the

holding company’s own stock acquired under a

qualified stock option within three years of its

purchase by the employee who had been granted

the option.

(b) Any tax benefits to the consolidated holding

company resulting from the exercise (or granting) of nonqualified stock options (on the holding

company’s stock) based on the difference between

the option price and the fair market value of the

stock at the date of exercise (or grant).

(3) Retirement of perpetual preferred stock.

(4) The awarding of share-based employee compensation classified as equity. Under ASC Topic 718,

Compensation-Stock Compensation (formerly FASB

Statement No. 123 (R), Share-Based Payment), the

compensation cost for such an award must be recognized over the requisite service period with a corresponding credit to equity. This reporting treatment

applies regardless of whether the shares awarded to

an employee are shares of holding company stock or

shares of stock of the holding company’s subsidiary

bank.

Include:

(1) The net decrease in equity capital which occurs when

cash is distributed in lieu of fractional shares in a

stock dividend.

Schedule HI-A

HI-A-2 FR Y-9C

Schedule HI-A September 2016
(2) The net increase in equity capital when a stockholder

who receives a fractional share from a stock dividend

purchases the additional fraction necessary to make a

whole share.

Line Item 6 Sale of common stock.

Report the changes in the consolidated holding company’s total equity capital resulting from the sale of the

holding company’s common stock.

Line Item 6(a) Sale of common stock, gross.

Report the total amount of new common stock issued

by the consolidated holding company, net of any expenses

associated with the issuance of such stock.

In the event of the formation of a new holding company

over an existing bank that has been accounted for as a

transaction between entities under common control,

report the holding company shares issued in this line

item. See also the Glossary entry for ‘‘business

combinations—a transaction between entities under common control’’ for further information

Line Item 6(b) Conversion or retirement of

common stock.

Report in this item the changes in the consolidated

holding company’s total equity capital resulting from:

(1) the conversion of convertible debt, limited-life preferred stock, or perpetual preferred stock into common stock.

(2) Exercise of stock options, including:

(a) Any income tax benefits to the consolidated

holding company resulting from the sale of the

holding company’s own stock acquired under a

qualified stock option within three years of its

purchase by the employee who had been granted

the option.

(b) Any tax benefits to the consolidated holding

company resulting from the exercise (or granting) of nonqualified stock options (on the holding

company’s stock) based on the difference between

the option price and the fair market value of the

stock at the date of exercise (or grant).

(3) Retirement of common stock.

(4) The awarding of share-based employee compensation classified as equity. Under ASC Topic 718,

Compensation-Stock Compensation (formerly FASB

Statement No. 123(R), Share-Based Payment), the

compensation cost for such an award must be recognized over the requisite service period with a corresponding credit to equity. This reporting treatment

applies regardless of whether the shares awarded to

an employee are shares of holding company stock or

shares of stock of the holding company’s subsidiary

bank.

Include:

(1) The net decrease in equity capital which occurs when

cash is distributed in lieu of fractional shares in a

stock dividend.

(2) The net increase in equity capital when a stockholder

who receives a fractional share from a stock dividend. Do not include dividends declared during the

previous calendar year but paid in the current period.

Refer to the Glossary entry for ‘‘dividends’’ for further

information on cash dividends.

Line Item 7 Sale of treasury stock.

Report the resale or other disposal of the holding company’s own perpetual preferred stock or common stock,

i.e., treasury stock transactions (see the Glossary entry

for ‘‘treasury stock’’).

Line Item 8 LESS: Purchase of treasury stock.

Report the acquisition (without retirement) of the holding

company’s own perpetual preferred stock or common

stock, i.e., treasury stock transactions (see the Glossary

entry for ‘‘treasury stock’’). Report the amount as an

absolute value; do not enclose the amount in parentheses

or use a minus (2) sign.

Line Item 9 Changes incident to business

combinations, net.

If the holding company purchased another business during the year-to-date reporting period, report the fair value

of any perpetual preferred or common shares issued (less

the direct cost of issuing the shares). Exclude the fair

value of limited-life preferred stock issued in connection

with purchase acquisitions. Refer to the Glossary entry

for ‘‘business combinations’’ for further information on

purchase acquisitions.

If the holding company was involved in a transaction

between entities under common control that became

Schedule HI-A

FR Y-9C HI-A-3

Schedule HI-A March 2017
effective during the year-to-date reporting period and has

been accounted for in a manner similar to a pooling of

interests, report in this item the historical equity capital

balances as of the end of the previous calendar year of the

business that was combined with the holding company in

the transaction. For further information on transactions

between entities under common control, refer to the

Glossary entry for “business combinations.”

Line Item 10 LESS: Cash dividends declared on

preferred stock.

Report all cash dividends declared on preferred stock

(including limited-life preferred stock) during the calendar year-to-date, including dividends not payable until

after the report date. Report the amount as an absolute

value; do not enclose the amount in parentheses or use a

minus (2) sign.

Do not include dividends declared during the previous

calendar year but paid in the current period.

Refer to the Glossary entry for ‘‘dividends’’ for further

information on cash dividends.

Line Item 11 LESS: Cash dividends declared on

common stock.

Report all cash dividends declared on common stock

during the calendar year-to-date, including dividends not

payable until after the report date. Report the amount as

an absolute value; do not enclose the amount in parentheses or use a minus (2) sign.

Do not include dividends declared during the previous

calendar year but paid in the current period.

For further information on cash dividends, see the Glossary entry for ‘‘dividends.’’

Line Item 12 Other comprehensive income.

Report the institution’s other comprehensive income,

including reclassification adjustments, for the calendar

year-to-date, net of applicable income taxes, if any.

Reclassification adjustments are adjustments made to

avoid double counting of items in comprehensive income

that are presented as part of net income for the calendar

year-to-date reporting period that also had been presented

as part of other comprehensive income in that reporting

period or earlier reporting periods. If the amount to be

reported in this item represents a reduction in the institution’s equity capital, report the amount with a minus (-)

sign.

Items of other comprehensive income include:

(1) The change in net unrealized holding gains (losses)

on the institution’s available-for-sale debt securities.

(2) Unrealized holding gains (losses) that result from a

debt security being transferred into the available-forsale category from the held-to-maturity category.

(3) For a debt security transferred into the held-tomaturity category from the available-for-sale category, amortization of the unrealized holding gain

(loss) on the debt security at the date of transfer.

Consistent with ASC Subtopic 320, InvestmentsDebt Securities, this unrealized holding gain (loss)

should be amortized over the remaining life of the

debt security as an adjustment of yield.

(4) The portion of other-than-temporary impairment

losses on available-for-sale and held-to-maturity debt

securities that was not recognized in earnings in

accordance withASC Topic 320, Investments-Debt

and Equity Securities, subsequent decreases (if not

other-than-temporary impairment losses) or increases

in the fair value of available-for-sale debt securities

previously written down as other-than-temporarily

impaired, and subsequent accretion (based on the

amount and timing of future estimated cash flows) of

the portion of other-than-temporary impairment losses

on held-to-maturity debt securities not recognized in

earnings.

(5) The change in the institution’s accumulated net gains

(losses) (effective portion) on derivative instruments

that are designated and qualify as cash flow hedges.

(6) The change in the institution’s cumulative foreign

currency translation adjustments and gains (losses)

on certain foreign currency transactions. Refer to the

Glossary entry for ‘‘foreign currency transactions

and translation’’ for further information on accounting for foreign currency translation.

(7) Gains (losses) and transition assets or obligations

associated with single-employer defined benefit pension and other postretirement plans not recognized

immediately as a component of net periodic benefit

cost and prior service costs or credits associated with

such plans, which are accounted for in accordance

Schedule HI-A

HI-A-4 FR Y-9C

Schedule HI-A December 2020
with ASC Topic 715, Compensation-Retirement

Benefits.

The portion of the total change in the fair value of a

liability resulting from a change in the instrumentspecific credit risk (“own credit risk”) when the institution has elected to measure the liability at fair value in

accordance with the fair value option for financial instruments.

Exclude the year-to-date change in net unrealized holding

gains (losses) on equity securities with readily determinable fair values not held for trading (report in Schedule HI, item 8(b).

For further guidance on reporting other comprehensive

income, see ASC Topic 220, Comprehensive Income.

Line Item 13 Change in the offsetting debit

to the liability for Employee Stock Ownership Plan

(ESOP) debt guaranteed by the holding company.

Report an amount in this item only if the consolidated

holding company has guaranteed the debt of its ESOP.

The amount reported in this item should reflect any

changes during the calendar year-to-date to the offsetting

debit to the liability recorded by the holding company in

connection with ESOP debt guaranteed by the reporting

company (that is, the equity contra account). The changes

in this account result either: (1) from the booking of an

offsetting debit to any new ESOP debt guaranteed by the

consolidated holding company; or (2) from any reduction

in the equity contra account as existing guaranteed ESOP

debt is amortized.

As the ESOP’s debt is amortized, the equity contra

account is reduced, thereby increasing the total amount

of equity capital reported as outstanding by the reporting

holding company. As the ESOP borrows more funds that

are guaranteed by the reporting holding company, the

offsetting debit increases the equity contra account,

thereby reducing the total amount of equity capital

reported as outstanding.

When the net impact of these changes to the equity contra

account results in an overall decrease to that account, the

amount of that decrease should be reported in this item as

an increase in the total amount of equity capital by

adding that amount when calculating ‘‘changes in equity

capital’’ for this schedule. When the net impact of these

changes to the equity contra account results in an overall

increase to that account, the amount of that increase

should be reported in this item as a decrease in the total

amount of equity capital by placing that amount in

parenthesis and subtracting it when calculating “changes

in equity capital” for this schedule.

Line Item 14 Other adjustments to equity capital

(not included above).

Report in this item all other adjustments to equity capital

that are not properly reported in items 1 through 13.

Included are contributions of capital made to the holding

company when the company is a partnership.

Line Item 15 Total holding company equity capital

end of current period.

Report the sum of items 3, 4, 5, 6, 7, 9, 12, 13, and 14,

less items 8, 10, and 11. This item must equal Schedule

HC, item 27.a, “Total holding company equity capital.”

Schedule HI-A

FR Y-9C HI-A-5

Schedule HI-A December 2020
LINE ITEM INSTRUCTIONS FOR

Charge-Offs and Recoveries on Loans

and Leases and Changes in Allowances

for Credit Losses

Schedule HI-B

Part I. Charge-Offs and Recoveries on

Loans and Leases

General Instructions

This part has two columns. In column A report loans and

leases charged off during the current calendar year-todate. Also include in column A write-downs to fair value

on loans (and leases) transferred to the held-for-sale

account during the calendar year to date that occurred

when (1) the reporting holding company decided to sell

loans that were not originated or otherwise acquired with

the intent to sell and (2) the fair value of those loans had

declined for any reason other than a change in the general

market level of interest or foreign exchange rates. In

column B report amounts recovered during the current

calendar year-to-date on loans and leases previously

charged off. For those holding companies or consolidated

subsidiaries required to establish and maintain an allocated transfer risk reserve, as specified in Section 905(a)

of the International Lending Supervision Act of 1983, in

the agency regulations implementing the Act (Subpart D

of Federal Reserve Regulation K) and in any guidelines,

or instructions issued by the Federal Reserve, columns A

and B of part I include loans and leases charged off

against and amounts recovered, respectively, through the

allocated transfer risk reserve.

These instructions should be read in conjunction with

the Glossary entries for “allowance for loan and lease

losses,” “domicile” and ”allowances for credit losses.”

Business Combinations and Transactions between Entities under Common Control - If the holding company

entered into a business combination that became effective

during the year-to-date reporting period and has been

accounted for under the acquisition method, include the

charge-offs and recoveries of the acquired institution or

other business only after its acquisition. If the reporting

institution was involved in a transaction between entities

under common control that became effective during the

year-to-date reporting period and has been accounted for

in a manner similar to a pooling of interests, report the

charge-offs and recoveries of the combined entities for

the entire calendar year-to-date as though they had

combined at the beginning of the year. For further

information on business combinations and transactions

between entities under common control, see the Glossary

entry for “business combinations.”

Line Item 1 Loans secured by real estate.

Report in the appropriate subitem and column loans

secured by real estate (as defined in Schedule HC-C,

item 1) charged off and recovered.

Line Item 1(a) Construction, land development,

and other land loans (in domestic offices).

Report in the appropriate subitem and column construction, land development, and other land loans (as defined

for Schedule HC-C, item 1(a), column B) charged off and

recovered.

Line Item 1(a)(1) 1-4 family residential

construction loans.

Report in columns A and B, as appropriate, 1-4 family

residential construction loans (as defined for Schedule

HC-C, item 1(a)(1), column B) charged off and recovered.

Line Item 1(a)(2) Other construction loans and all

land development and other land loans.

Report in columns A and B, as appropriate, other construction loans and all land development and other land

loans (as defined for Schedule HC-C, item 1(a)(2),

column B) charged off and recovered.

FR Y-9C HI-B-1

Schedule HI-B March 2019
Line Item 1(b) Secured by farmland in domestic

offices.

Report in columns A and B, as appropriate, loans secured

by farmland in domestic offices (as defined for Schedule HC-C, item 1(b), ‘‘Secured by farmland’’).

Line Item 1(c) Secured by 1–4 family residential

properties in domestic offices.

Report in columns A and B, as appropriate, in the

subitems below, loans secured by 1–4 family residential

properties in domestic offices (as defined for Schedule HC-C, item 1(c), ‘‘Secured by 1–4 family residential

properties’’).

Line Item 1(c)(1) Revolving, open-end loans

secured by 1–4 family residential properties and

extended under lines of credit.

Report in columns A and B, as appropriate, all revolving,

open-end loans in domestic offices secured by 1–4 family

residential properties and extended under lines of credit.

Corresponds to Schedule HC-C, item 1(c)(1).

Line Item 1(c)(2) Closed-end loans secured by

1–4 family residential properties in domestic offices.

Report in the appropriate subitem and column closed-end

loans in domestic offices secured by 1–4 family residential properties charged off and recovered.

Line Item 1(c)(2)(a) Secured by first liens.

Report in columns A and B, as appropriate, closedend loans secured by first liens on 1–4 family residential properties (as defined for Schedule HC-C,

item 1(c)(2)(a), column B) charged off and recovered.

Line Item 1(c)(2)(b) Secured by junior liens.

Report in columns A and B, as appropriate, closedend loans secured by junior liens on 1–4 family residential properties (as defined for Schedule HC-C,

item 1(c)(2)(b), column B) charged off and recovered.

Include loans secured by junior liens in this item even if

the holding company also holds a loan secured by a first

lien on the same 1–4 family residential property and

there are no intervening junior liens.

Line Item 1(d) Secured by multifamily (5 or more)

residential properties in domestic offices.

Report in columns A and B, as appropriate, loans secured

by multifamily (5 or more) residential properties in

domestic offices (as defined for Schedule HC-C,

item 1(d), ‘‘Secured by multifamily (5 or more) residential

properties’’).

Line Item 1(e) Secured by nonfarm nonresidential

properties (in domestic offices).

Report in the appropriate subitem and column loans

secured by nonfarm nonresidential properties (as defined

for Schedule HC-C, item 1(e), column B) charged off and

recovered.

Line Item 1(e)(1) Loans secured by

owner-occupied nonfarm nonresidential properties.

Report in columns A and B, as appropriate, loans secured

by owner-occupied nonfarm nonresidential properties (as

defined for Schedule HC-C, item 1(e)(1), column B)

charged off and recovered.

Line Item 1(e)(2) Loans secured by other nonfarm

nonresidential properties.

Report in columns A and B, as appropriate, loans secured

by other nonfarm nonresidential properties (as defined

for Schedule HC-C, item 1(e)(2), column B) charged off

and recovered.

Line Item 1(f) In foreign offices.

Report in columns A and B, as appropriate, loans secured

by real estate in foreign offices.

Line Item 2 Not applicable.

Line Item 3 Loans to finance agricultural

production and other loans to farmers.

Report in columns A and B, as appropriate, agricultural

loans (as defined for Schedule HC-C, item 3, “Loans

to finance agricultural production and other loans to

farmers”).

Line Item 4 Commercial and industrial loans.

Note: Item 4(a) and 4(b) are to be reported by HCs with

$5 billion or more in total assets. Item 4(c) is to be

reported only by holding companies with less than

$5 billion in total consolidated assets.

Schedule HI-B

HI-B-2 FR Y-9C

Schedule HI-B December 2019
Line Item 4(a) To U.S. addressees.

Report in columns A and B, as appropriate, commercial

and industrial loans (as defined for Schedule HC-C,

item 4(a), ‘‘Commercial and industrial loans to U.S.

addressees’’).

Line Item 4(b) To non-U.S. addressees.

Report in columns A and B, as appropriate, commercial

and industrial loans to non-U.S. addressees (as defined

for Schedule HC-C, item 4(b), ‘‘Commercial and industrial loans to non-U.S. addressees,’’ column A) chargedoff and recovered.

Line item 4(c) To U.S addressees and to non-U.S.

addressees

Report in columns A and B, as appropriate, commercial

and industrial loans to U.S. and non-U.S. addressees (as

defined for Schedule HC-C, item 4(c), To “U.S. addressees and non-U.S. addressees,” column A) charged-off.

Line Item 5 Loans to individuals for household,

family, and other personal expenditures.

Report in the appropriate subitem and column loans to

individuals for household, family, and other personal

expenditures (as defined for Schedule HC-C, item 6)

charged-off and recovered.

Line Item 5(a) Credit cards.

Report in columns A and B, as appropriate, all extensions

of credit under credit cards (as defined for Schedule

HC-C, items 6(a)) charged-off and recovered.

Line Item 5(b) Automobile loans.

Report in columns A and B, as appropriate, all consumer

loans arising from retail sales of passenger cars and other

vehicles such as minivans, vans, sport-utility vehicles,

pickup trucks, and similar light trucks for personal use

(as defined for Schedule HC-C, item 6(c)) charged-off

and recovered.

Line Item 5(c) Other consumer loans (includes

single payment, installment, all student loans, and

revolving credit plans other than credit cards).

Report in columns A and B, as appropriate, all other

extensions of credit to individuals for household, family,

and other personal expenditures (as defined for Schedule

HC-C, items 6(b) and 6(d)) charged-off and recovered.

Line Item 6 Loans to foreign governments and

official institutions.

Note: Item 6 is to be completed by HCs with $5 billion

or more in total assets. Holding companies with less

than $5 billion should leave this item blank.

Report in columns A and B, as appropriate, all loans

to foreign governments and official institutions (as defined

for Schedule HC-C, item 7, ‘‘Loans to foreign governments and official institutions’’).

Line Item 7 All other loans.

Report in columns A and B, as appropriate, loans to

depository institutions and acceptances of other banks,

loans to nondepository financial institutions, and other

loans (as defined for Schedule HC-C, item 2, “Loans to

depository institutions and acceptances of other banks.”

and HC-C, item 9, “Loans to nondepository financial

institutions and other loans,” respectively) charged off

and recovered.

Line Item 8 Lease financing receivables.

Note: Item 8(a) and 8(b) are to be reported by holding

companies with $5 billion or more in total assets.

Item 8(c) is to be completed only by holding companies

with less than $5 billion in assets.

Report in columns A and B, as appropriate, all lease

financing receivables (as defined for Schedule HC-C,

item 10) charged off and recovered.

Line Item 8(a) Leases to individuals for household,

family, and other personal expenditures.

Report in columns A and B, as appropriate, all leases to

individuals for household, family, and other personal

expenditures (as defined for Schedule HC-C, item 10(a),

column A) charged off and recovered.

Line Item 8(b) All other leases.

Report in columns A and B, as appropriate, all other

leases (as defined for Schedule HC-C, item 10(b), column A) charged off and recovered.

Line Item 8(c) Leases to individuals for household,

family, and other personal expenditures and all

other leases.

Holding companies with less than $5 billion in total

assets should report in columns A and B, as appropriate,

Schedule HI-B

FR Y-9C HI-B-3

Schedule HI-B June 2021
all Leases to individuals for household, family, and other

personal expenditures and all other leases as defined in

HC-C, item 10(a) column A and HC-C, item 10(b),

column A.

Line Item 9 Total.

Report in columns A and B the sum of items 1 through 8.

The amount reported in column A must equal part II,

item 3, column A, “Charge-offs,” below. The amount

reported in column B must equal Schedule HI-B, part II,

item 2, column A, “Recoveries,” below.

Memoranda

Line Item M1 Loans to finance commercial real

estate, construction, and land development activities

(not secured by real estate) included in items 4 and

7 above.

Report in columns A and B, as appropriate, loans to

finance commercial real estate, construction, and land

development activities not secured by real estate (as

defined for Schedule HC-C, Memorandum item 2). Such

loans will have been included in items 4 and 7 of

Schedule HI-B, part I, above. Exclude from this item all

loans secured by real estate included in item 1 of

Schedule HI-B, part I, above.

Line Item M2 Loans secured by real estate to

non-U.S. addressees (domicile).

Note: Memo item 2 is to be completed by holding

companies with $5 billion or more in total assets.

Holding companies with less than $5 billion in total

assets should leave this item blank.

Report in columns A and B, as appropriate, loans secured

by real estate to non-U.S. addressees (as defined for

Schedule HC-C, Memorandum item 3) included in

Schedule HI-B, part I, item 1, above.

Line Item M3 Uncollectible retail credit card fees

and finance charges reversed against income (i.e.,

not included in charge-offs against the allowance for

loan and lease losses).

Note: Memo item 3 is to be completed by holding

companies with $5 billion or more in total assets.

Holding companies with less than $5 billion in total

assets should leave this item blank.

This item is to be completed by (1) holding companies

that, together with affıliated institutions, have outstanding credit card receivables that exceed $500 million as of

the report date or (2) holding companies that on a

consolidated basis are credit card specialty holding

companies.

Outstanding credit card receivables are the sum of:

(a) Schedule HC-C, item 6(a), column A;

(b) Schedule HC-S, item 1, column C; and

(c) Schedule HC-S, item 6(a), column C.

Credit card specialty holding companies are defined as

those holding companies that on a consolidated basis

exceed 50 percent for the following two criteria:

(a) the sum of credit card loans (Schedule HC-C,

item 6(a), column A) plus securitized and sold

credit card receivables (Schedule HC-S, item 1,

column C) divided by the sum of total loans

(Schedule HC-C, item 12, column A) plus securitized and sold credit card receivables (Schedule

HC-S, item 1, column C); and

(b) the sum of total loans (Schedule HC-C, item 12,

column A) plus securitized and sold credit card

receivables (Schedule HC-S, item 1, column C)

divided by the sum of total assets (Schedule HC,

item 12) plus securitized and sold credit card

receivables (Schedule HC-S, item 1, column C).

Report the amount of fees and finance charges on credit

cards (as defined for Schedule HC-C, item 6(a) that the

holding company reversed against either interest and fee

income or a separate contra-asset account during the

calendar year-to-date. Report the amount of fees and

finance charges that have been reversed on a gross basis,

i.e., do not reduce the amount of reversed fees and

finance charges by recoveries of these reversed fees and

finance charges. For holding companies that have not

adopted ASU 2016-13, exclude from this item credit card

fees and finance charges reported as charge-offs against

the allowance for loan and lease losses in Schedule HI-B,

part 1, item 5(a), column A.

For those holding companies that have adopted ASU

2016-13, exclude from this item credit card fees and

finance charges reported as charge-offs against the allowance for credit losses on loans and leases in Schedule

HI-B, part I, item 5(a), column A.

Schedule HI-B

HI-B-4 FR Y-9C

Schedule HI-B December 2019
Part II. Changes in Allowances for

Credit Losses.

General Instructions

This schedule has three columns for information on the

allowances for credit losses, one for each of the following

asset types: 1) loans and leases held for investment

(Column A), 2) held-to-maturity debt securities (Column B), and 3) available-for-sale debt securities (Column C).

Holding companies that have not adopted ASU 2016-13

should report the reconcilement of the allowance for loan

and lease losses on a calendar year-to-date basis in

column A. Columns B and C should be left blank.

Holding companies that have adopted ASU 2016-13

should report changes in the allowances for credit losses

for loans and leases held for investment, held-to-maturity

debt securities and available-for-sale debt securities in

the applicable columns.

Report the reconcilement of the allowance for loan and

lease losses on a calendar year-to-date basis.

For those holding companies required to establish and

maintain an allocated transfer risk reserve as specified in

Section 905(a) of the International Lending Supervision

Act of 1983, in the agency regulations implementing the

Act (Subpart D of Federal Reserve Regulation K) and in

any guidelines, or instructions issued by the Federal

Reserve, the reconcilement should include the activity in

the allocated transfer risk reserve in column A during the

calendar year-to-date that relates to loans and leases.

For holding companies that have not adopted ASU

2016-13, exclude the balances of the allowance for credit

losses on off-balance sheet credit exposures reported in

Schedule HC-G, item 3, and any capital reserves included

in Schedule HC, item 26(a), “Retained earnings,” and the

effect of any transactions therein. For holding companies

that have adopted ASU 2016-13, report the provisions for

credit losses on off-balance sheet exposures in Schedule HI-B, Part II, Memorandum item 7.

Business Combinations, Pushdown Accounting Transactions, and Transactions between Entities under Common

Control—If the reporting holding company entered into a

business combination that became effective during the

year-to-date reporting period and has been accounted for

under the acquisition method, include the recoveries,

charge-offs, and provisions of the acquired institution or

other business only after its acquisition. Under ASC

Topic 805, Business Combinations (formerly FASB

Statement No. 141(R), “Business Combinations”), the

acquired loans and leases must be measured at their

acquisition-date fair values. Therefore, for holding companies that have not adopted ASU 2016-13, the reporting

holding company may not carry over the allowance for

loan and lease losses of the acquired institution or other

business as of the acquisition date.

However, for a reporting holding company that has

adopted ASU 2016-13 and has acquired financial assets

in a business combination that management has determined to be purchased credit-deteriorated as of the

acquisition date, the holding company should report the

initial allowance gross-up amounts established upon the

purchase of these assets, which are recorded at the date of

acquisition as an addition to the purchase price to determine the initial amortized cost basis of the assets, should

be reported as positive amounts in the applicable columns of Schedule HI-B, Part II, item 6, “Adjustments.”

Similarly, if the reporting holding company was acquired

in a transaction that became effective during the year-to

date reporting period, retained its separate corporate

existence, and elected to apply pushdown accounting in

its separate financial statements (including its FR Y-9C

report), include only the recoveries, charge-offs, and

provisions from the date of the holding company’s

acquisition through the end of the year-to-date reporting

period. When applying pushdown accounting, regardless

of whether the reporting holding company has adopted

ASU 2016-13, the reporting holding company’s loans

and leases must be restated to their acquisition-date fair

values and the holding company may not carry over its

allowance for loan and lease losses or its allowances for

credit losses, as applicable, as of the acquisition date. As

a consequence:

• For a reporting holding company that has not adopted

ASU 2016-13, the amount reported in Schedule HI-B,

Part II, item 1, column A, for the balance of the

allowance for loan and lease losses most recently

reported for the end of the previous calendar year must

be reported as a negative amount in Schedule HI-B,

Part II, item 6, column A, “Adjustments.”

• For a reporting holding company that has adopted ASU

2016-13, the amounts reported in Schedule HI-B,

Part II, item 1, columns A, B, and C, for the balances of

the allowances for credit losses most recently reported

Schedule HI-B

FR Y-9C HI-B-5

Schedule HI-B December 2019
for the end of the previous calendar year must be

reported as negative amounts in Schedule HI-B, Part II,

item 6, columns A, B, and C, “Adjustments.” In

addition, when applying pushdown accounting, for

those financial assets that management has determined

to be purchased credit-deteriorated as of the holding

company’s acquisition date, the holding company

should report as positive amounts in the applicable

columns of Schedule HI-B, Part II, item 6, “Adjustments,” the initial allowance gross-up amounts established as of the acquisition date, which are recorded as

an addition to the acquisition-date fair values of these

purchased credit-deteriorated assets to determine their

initial amortized cost basis.

If the reporting holding company was involved in a

transaction between entities under common control that

became effective during the year-to-date reporting period

and has been accounted for in a manner similar to a

pooling of interests, report the recoveries, charge-offs,

and provisions of the combined entities for the entire

calendar year-to-date as though they had combined at the

beginning of the year. Reporting holding companies that

have not adopted ASU 2016-13, report the balance as of

the end of the previous calendar year of the allowance for

loan and lease losses of the institution or other business

that combined with the reporting holding company in the

common control transaction in Schedule HI-B, part II,

item 6, “Adjustments,” column A. Reporting holding

companies that have adopted ASU 2016-13 should report

the balance as of the end of the previous calendar year of

the allowances for credit losses of the institution or other

business that combined with the reporting holding company in the common control transaction in Schedule HI-B, part II, item 6, columns A, B, or C, “Adjustments.”

For further information on business combinations, pushdown accounting, and transactions between entities under

common control, see the Glossary entry for “business

combinations.”

Line Item 1 Balance most recently reported at end

of previous year.

Holding companies that have not adopted ASU 2016-13,

report in column A the balance in the allowance for loan

and lease losses from the Consolidated Financial Statements for Holding Companies most recently reported at

the previous calendar year-end after the effect of all

corrections and adjustments to the allowance for loan and

lease losses that were made in any amended report(s) for

the previous calendar year-end.

Holding companies that have adopted ASU 2016-13

report in columns A, B, and C the balances of all

allowances on loans and leases held for investment,

held-to-maturity debt securities, and available-for-sale

debt securities, respectively for credit losses as reported

in the FR Y-9C for the previous calendar year-end after

the effect of all corrections and adjustments to the

allowances for credit losses that were made in any

amended report(s) for the previous calendar year-end. In

the year of adoption, holding companies should record a

zero balance for columns B and column C.

Line Item 2 Recoveries.

Holding companies that have not adopted ASU 2016-13,

report in column A the amount credited to the allowance

for loan and lease losses for recoveries during the

calendar year to date on amounts previously charged

against the allowance for loan and lease losses. The

amount reported in this item must equal Schedule HI-B,

part I, item 9, column B.

Holding companies that have adopted ASU 2016-13,

report in columns A, B, and C the amounts credited to the

allowances for credit losses on loans and leases held for

investment, held-to-maturity debt securities, and

available-for-sale debt securities, respectively, for recoveries during the calendar year to date on amounts previously charged against the allowance for credit losses. The

amount reported in “Loans and Leases,” column A, of

this item must equal Schedule HI-B, part I, item 9,

column B.

Line Item 3 LESS: Charge-offs.

Holding companies that have not adopted ASU 2016-13,

report in column A of this item the amount of all loans

and leases charged against the allowance for loan and

lease losses during the calendar year to date. The amount

reported in this item must equal Schedule HI-B, part I,

item 9, column A, “Total” charge-offs, less Schedule

HI-B, part II, item 4, “LESS: Write-downs arising from

transfers of loans to a held-for-sale account.”

Holding companies that have adopted ASU 2016-13,

report in columns A, B, and C the amounts of loans and

leases held for investment, held-to-maturity debt securities, and available-for-sale debt securities charged against

the allowances for credit losses on loans and leases held

Schedule HI-B

HI-B-6 FR Y-9C

Schedule HI-B March 2019
for investment, held-to-maturity debt securities, and

available-for-sale debt securities, respectively, during the

calendar year-to-date. The amount reported in column A

of this item must equal Schedule HI-B, part I, item 9,

column A, “Total” charge-offs, less Schedule HI-B,

part II, item 4, column A, “LESS: Write-downs arising

from transfers of financial assets.”

Line Item 4 LESS: Write-downs arising from

transfers of financial assets.

Holding companies that have not adopted ASU 2016-13,

report in column A of this item the write-downs to fair

value charged against the allowance for loan and lease

losses resulting from transfers of loans and leases to a

held-for-sale account during the calendar year-to-date

that occurred when:

(1) the reporting holding company decided to sell loans

and leases that were not originated or otherwise

acquired with the intent to sell, and

(2) the fair value of those loans and leases had declined

for any reason other than a change in the general

market level of interest or foreign exchange rates.

Holding companies that have adopted ASU 2016-13,

report in columns A, B, and C the amounts of writedowns to fair value charged against the allowances for

credit losses on loans and leases held for investment,

held-to-maturity debt securities, and available-for-sale

debt securities, respectively, resulting from transfers of

loans and leases to a held-for-sale account (resulting

from the events described above), or transfers of held-tomaturity debt securities and available-for-sale debt securities between held-to-maturity, available-for-sale, and

trading accounts during the calendar year-to-date.

Line Item 5 Provision for credit losses.

Holding companies that have not adopted ASU 2016-13,

report in column A of this item the amount expensed as

the provision for loan and losses during the calendar year

to date. The provision for loan and lease losses represents

the amount needed to make the allowance for loan and

lease losses adequate to absorb estimated loan and lease

losses, based upon management’s evaluation of the

bank’s current loan and lease exposures. The amount

reported in this item must equal Schedule HI, item 4. If

the amount reported in this item is negative, report it with

a minus (-) sign.

For holding companies that have adopted ASU 2016-13,

report in columns A, B, and C the amounts expensed as

provisions for credit losses (or reversals of provisions) on

loans and leases held for investment, held-to-maturity

debt securities, and available-for-sale debt securities,

respectively, during the calendar year-to-date. Provisions

for credit losses (or reversals of provisions) on loans and

leases held for investment and held-to-maturity debt

securities represent the amounts necessary to adjust the

related allowances for credit losses at the quarter-end

report date for management’s current estimate of expected

credit losses on these assets. Provisions for credit losses

(or reversals of provisions) on available-for-sale debt

securities represent changes during the calendar year to

date in the amount of impairment related to credit losses

on individual available-for-sale debt securities. The sum

of the amounts reported in item 5, columns A through C,

plus Schedule HI-B, Part II, Memorandum items 5,

“Provisions for credit losses on other financial assets

measured at amortized cost,” and 7, “Provisions for

credit losses on off-balance-sheet credit exposures,” must

equal Schedule HI, item 4. If the amount reported in

column A, B, or C for this item is negative, report it with

a minus (-) sign.

Line Item 6 Adjustments.

Report all activity in the allowance for loan and lease

losses or the allowances for credit losses, as applicable,

that cannot be properly reported in Schedule HI-B,

Part II, items 2 through 5, above.

If the reporting holding company was acquired in a

transaction that became effective during the year-to-date

reporting period, retained its separate corporate existence, and elected to apply pushdown accounting in its

separate financial statements:

• A reporting holding company that has not adopted

ASU 2016-13 should report in column A of this item as

a negative amount the balance of the allowance for

loan and lease losses most recently reported for the end

of the previous calendar year, as reported in Schedule HI-B, Part II, item 1, column A, above.

• A reporting holding company that has adopted ASU

2016-13 should report as negative amounts in columns A, B, and C of this item the balances of the

allowances for credit losses on loans and leases held

for investment, held-to-maturity debt securities, and

available-for-sale debt securities, respectively, most

Schedule HI-B

FR Y-9C HI-B-7

Schedule HI-B March 2021
recently reported for the end of the previous calendar

year in Schedule HI-B, Part II, item 1, columns A, B,

and C, above. In addition, when applying pushdown

accounting, for those financial assets that management

has determined to be purchased credit-deteriorated as

of the institution’s acquisition date, the holding company should report as positive amounts in columns A,

B, and C of this item, as appropriate, the initial

allowance gross-up amounts established as of the

acquisition date, which are recorded as an addition to

the acquisition-date fair values of these purchased

credit-deteriorated assets to determine their initial

amortized cost basis.

If the holding company entered into a transaction between

entities under common control that became effective

during the year-to-date reporting period and has been

accounted for at historical cost in a manner similar to a

pooling of interests, and that have not adopted ASU

2016-13, report in Column A of this item the balance as

of the end of the previous calendar year of the allowance

for loan and lease losses of the business that was

combined in the common control transaction. Holding

companies that have adopted ASU 2016-13 should report

in columns A, B and C of this item the balance as of the

end of the previous calendar year of the allowances for

credit losses of the institution or other business that

combined with the reporting institution in the common

control transaction.

For holding companies with foreign offices that have not

adopted ASU 2016-13, report any increases or decreases

resulting from the translation into dollars of any portions

of the allowance for loan and lease losses that are

denominated in a foreign currency. Holding companies

that have adopted ASU 2016-13, report in the appropriate

column for this item any increases or decrease resulting

from the translation into dollars of any portions of the

allowances for credit losses which are denominated in a

foreign currency.

In addition, holding companies that have adopted ASU

2016-13 report in columns A, B and C of this item,

changes in allowance amounts from initially applying

ASU 2016-13 to loans and leases held for investment,

held-to-maturity debt securities, and available-for-sale

debt securities as of the beginning of the fiscal year in

which the institution adopts this ASU. The changes in

allowance amounts include:

• The initial allowance gross-up amounts for any purchased credit impaired assets held as of the effective

date of ASU 2016-13 that, in accordance with the

ASU, are deemed purchased credit-deteriorated assets

as of that date; and

• The calendar year-to-date initial gross-up amounts

recognized upon the acquisition of purchased creditdeteriorated assets on or after the effective date.

If the amount reported in this item is negative, report with

a minus (-) sign.

Line Item 7 Balance at end of current period.

Report in columns A, B and C the sum of items 1, 2, 5,

and 6, less items 3 and 4. The amount reported in

column A must equal the amount reported in Schedule HC, item 4(c).

Memo items 1, 2, 3 and 4 are to be completed by holding

companies with $5 billion or more in total assets.

Memoranda

Line Item M1 Allocated transfer risk reserve

included in Schedule HI-B, part II, item 7,

column A.

Report the amount of any allocated transfer risk reserve

related to loans and leases that the reporting holding

company is required to establish and maintain that the

holding company has included in the end-of-period balance of the allowance for loan and lease losses reported

in Schedule HI-B, part II, item 7, column A, above and in

Schedule HC, item 4(c).

Line Item M2 Separate valuation allowance for

uncollectible retail credit card fees and finance charges.

This item is to be completed by (1) holding companies

that, together with affıliated institutions, have outstanding credit card receivables that exceed $500 million as of

the report date or (2) holding companies that on a

consolidated basis are credit card specialty holding

companies.

Outstanding credit card receivables are the sum of:

(a) Schedule HC-C, item 6(a), column A;

(b) Schedule HC-S, item 1, column C; and

(c) Schedule HC-S, item 6(a), column C.

Schedule HI-B

HI-B-8 FR Y-9C

Schedule HI-B June 2021
Credit card specialty holding companies are defined as

those holding companies that on a consolidated basis

exceed 50 percent for the following two criteria:

(a) the sum of credit card loans (Schedule HC-C,

item 6(a), column A) plus securitized and sold

credit card receivables (Schedule HC-S, item 1,

column C) divided by the sum of total loans

(Schedule HC-C, item 12, column A) plus securitized and sold credit card receivables (Schedule

HC-S, item 1, column C); and

(b) the sum of total loans (Schedule HC-C, item 12,

column A) plus securitized and sold credit card

receivables (Schedule HC-S, item 1, column C)

divided by the sum of total assets (Schedule HC,

item 12) plus securitized and sold credit card

receivables (Schedule HC-S, item 1, column C).

Holding companies that have not adopted ASU-2016-13,

report the amount of any valuation allowance or contraasset account that the holding company maintains separate from the allowance for loan and lease losses to

account for uncollectible fees and finance charges on

credit cards (as defined for Schedule HC-C, item 6(a).

Holding companies that have adopted ASU 2016-13,

report the amount of any valuation allowance or contraasset account that the bank maintains separate from the

allowance for credit losses on loans and leases to account

for uncollectible fees and finance charges on credit cards

(as defined for Schedule HC-C, item 6(a)).

This memorandum item is only applicable to those

holding companies that maintain an allowance or contraasset account separate from the allowance for loan and

lease losses. Do not include in this item the amount of

any valuation allowance established for impairment in

retained interests in accrued interest receivable related to

securitized credit cards.

Line Item M3 Amount of allowance for loan and

lease losses attributable to retail credit card fees

and finance charges.

This item is to be completed by (1) holding companies

that, together with affıliated institutions, have outstanding credit card receivables that exceed $500 million as of

the report date or (2) holding companies that on a

consolidated basis are credit card specialty holding

companies.

Outstanding credit card receivables are the sum of:

(a) Schedule HC-C, item 6(a), column A;

(b) Schedule HC-S, item 1, column C; and

(c) Schedule HC-S, item 6(a), column C.

Credit card specialty holding companies are defined as

those holding companies that on a consolidated basis

exceed 50 percent for the following two criteria:

(a) the sum of credit card loans (Schedule HC-C,

item 6(a), column A) plus securitized and sold

credit card receivables (Schedule HC-S, item 1,

column C) divided by the sum of total loans

(Schedule HC-C, item 12, column A) plus securitized and sold credit card receivables (Schedule

HC-S, item 1, column C); and

(b) the sum of total loans (Schedule HC-C, item 12,

column A) plus securitized and sold credit card

receivables (Schedule HC-S, item 1, column C)

divided by the sum of total assets (Schedule HC,

item 12) plus securitized and sold credit card

receivables (Schedule HC-S, item 1, column C).

Holding companies that have not adopted ASU 2016-13,

report in this item the amount of the allowance for loan

and lease losses that is attributable to outstanding fees

and finance charges on credit cards (as defined for

Schedule HC-C, item 6(a). This amount is a component

of the amount reported in Schedule HC, item 4(c), and

Schedule HI-B, part II, item 7, column A.

Holding companies that have adopted ASU 2016-13,

report in this item the amount of the allowance for credit

losses on loans and leases that is attributable to outstanding fees and finance charges on credit cards (as defined

for Schedule HC-C, item 6(a). This amount is a component of the amount reported in Schedule HC, item 4(c),

and Schedule HI-B, part II, item 7, column A.

Do not include in this item the amount of any valuation

allowance established for impairment in retained interests in accrued interest receivable related to securitized

credit cards.

Note: Memorandum item 4 is to be completed only by

holding companies that have not adopted ASU 2016-13.

Holding companies that have adopted ASU 2016-13

should leave this item blank.

Schedule HI-B

FR Y-9C HI-B-9

Schedule HI-B March 2019
Line Item M4 Amount of allowance for

post-acquisition losses on purchased impaired loans

accounted for in accordance with FASB ASC 310-30

(former AICPA Statement of Position 03-3).

Report in this item the amount of any valuation allowances established after acquisition for decreases in cash

flows expected to be collected on purchased impaired

loans reported as held for investment in Schedule HC,

item 4(b), and accounted for in accordance with ASC

Subtopic 310-30, Receivables – Loans and Debt Securities Acquired with Deteriorated Credit Quality (formerly

AICPA Statement of Position 03-3, Accounting for Certain Loans or Debt Securities Acquired in a Transfer).

These post-acquisition allowances should be included in

the holding company’s allowance for loan and lease

losses as reported in Schedule HC, item 4(c), and Schedule HI-B, part II, item 7. Under ASC Subtopic 310-30,

for a purchased credit-impaired loan accounted for individually (and not accounted for as a debt security), if,

upon evaluation subsequent to acquisition, it is probable

based on current information and events, that the holding

company is unable to collect all cash flows expected at

acquisition (plus additional cash flows expected to be

collected arising from changes in estimate after acquisition) the purchased credit-imparied loan should be considered impaired for purposes of establishing an allowance pursuant to ASC Subtopic 450-20, Contingencies –

Loss Contingencies (formerly FASB Statement No. 5,

Accounting for Contingencies) or ASC Topic 310, Receivables (formerly FASB Statment No. 114, Accounting by

Creditors for Impairment of a Loan), as appropriate. For

purchased credit-impaired loans with common risk characteristics that are aggregated and accounted for as a

pool, this impairment analysis should be performed

subsequent to acquisition at the pool level as a whole and

not at the individual loan level.

NOTE: Memorandum items 5 and 6 are to be completed

only by holding companies that have adopted ASU

2016-13. Holding companies that have not adopted ASU

2016-13 should leave this item blank.

Line Item M5 Provisions for credit losses on

other financial assets measured at amortized cost

(not included in HI-B Part II, item 5, columns A

through C, above).

Report in this line item provisions related to allowances

for credit losses on financial assets measured at amortized cost, included in Schedule HI, item 4, other than

loans, leases, held-to-maturity debt securities and

available-for-sale debt securities.

Provisions for credit losses (or reversals of provisions) on

these other financial assets measured at amortized cost

represent the amounts necessary to adjust the related

allowances for credit losses at the quarter-end report date

for management’s current estimate of expected credit

losses on these assets.

Exclude provisions for credit losses on off-balance sheet

credit exposures, which are reported in Schedule HI-B,

Part II, Memorandum item 7, below.

Line Item M6 Allowances for credit losses on

other financial assets measured at amortized cost

(not included in HI-B Part II, item 7, columns A

though C above).

Report in this line item total allowances related to credit

losses on financial assets measured at amortized cost

other than loans, leases, held-to-maturity debt securities

and available-for-sale debt securities that are associated

with the provisions reported in Memorandum item 5,

above.

Exclude the allowance for credit losses on off-balance

sheet credit exposures, which is reported in Schedule HC-G, item 3.

Line Item M7 Provisions for credit losses on

off-balance sheet credit exposures.

Report in this item the year-to-date amount of provisions

for credit losses (or reversals of provisions) on off

balance-sheet credit exposures included in the amount

reported in Schedule HI, item 4. Provisions for credit

losses (or reversals of provisions) on off-balance-sheet

credit exposures represent the amounts necessary to

adjust the related allowance for credit losses at the

quarter-end report date for management’s current estimate of expected credit losses on these exposures.

Line Item M8 Estimated amount of expected

recoveries of amounts previously written off

included within the allowance for credit losses on

loans and leases held for investment (included in

item 7, column A, “Balance end of current period”).

Schedule HI-B

HI-B-10 FR Y-9C

Schedule HI-B March 2019
Report in this item the estimated amount of expected

recoveries of amounts previously written off1

included

within the allowance for credit losses on loans and leases

held for investment. This item applies to loans and leases

held for investment, including purchased credit deteriorated loans held for investment, and does not apply to

held-to-maturity debt securities or available-for-sale debt

securities.

Expected recoveries of amounts previously written off

shall be included in the allowance for credit losses and

shall not exceed the aggregate of amounts previously

written off and expected to be written off by an institution. However, exclude from this item the estimated

amount of expected recoveries of amounts expected to be

written off included in the allowance for credit losses.

In accordance with ASU 2016-13, estimated expected

recoveries are a component of management’s estimation

of the net amount expected to be collected for a financial

asset or a pool of financial assets if an institution can

support an estimate of expected recoveries for a pool of

unsecured loans, each of which was deemed uncollectible and fully written off on an individual asset basis, the

institution reduces the allowance for credit losses by the

institution’s estimate of recoveries expected on a

pool basis.

1. The term ′′written off′′ as used in ASU 2016-13 and in the instructions for this item is used interchangeably with the term ′′charged off,′′

which is used elsewhere in the FR Y-9C instructions.

Schedule HI-B

FR Y-9C HI-B-11

Schedule HI-B March 2021
LINE ITEM INSTRUCTIONS FOR

Disaggregated Data on the Allowance

for Loan and Lease Losses

Schedule HI-C

General Instructions

Part I. Disaggregated Data on the Allowance for Loan

and Lease Losses of this schedule is to be completed only

by holding companies with total assets of $5 billion or

more, and that have not adopted Accounting Standards

Update, No. 2016-13 (ASU 2016-13), which governs the

accounting for credit losses. Institutions that have adopted

ASU 2016-13 leave the data items blank on Part I.

Part II. Disaggregated Data on Allowances for Credit

Losses is to be completed by institutions that have

adopted ASU 2016-13. Holding companies that have not

adopted ASU 2016-13 leave the data items blank on

Part II. However, holding companies under $5 billion in

total assets that have not adopted ASU 2016-01 (and

chose not to report on HI-C Part I) may report their

condensed data in HI-C Part II (see details below).

Holding companies with less than $5 billion in total

assets: Holding companies with less than $5 billion in

total assets that have not adopted the ASU 2016-13 (and

chose not to report on HI-C Part I) may report the

condensed disaggregated data on the allowance for Loan

and Lease Losses in Schedule HI-C Part II in data items 1

through 6 instead of HI-C Part I, semiannually in June

and December. Holding companies with less than $5 billion in total assets that have adopted ASU 2016-13 will

report HI-C part II, data items 1-11, semiannually in June

and December.

Part I. Disaggregated Data on the Allowance

for Loan and Lease Losses

General Instructions for Part I

This schedule has six columns for the disclosure by

portfolio category of the balance in the allowance for

loan and lease losses at the end of each quarter disaggregated on the basis of the reporting institution’s impairment method and the related recorded investment in

loans (and, as applicable, leases) held for investment

(excluding loans held for investment that the institution

has elected to report at fair value under a fair value

option) disaggregated in the same manner: two columns

for information on loans individually evaluated for

impairment, two columns for information on loans and

leases collectively evaluated for impairment, and two

columns for purchased credit-impaired loans. For further

information on loan impairment methods, see the Glossary entries for “loan impairment” and “purchased

impaired loans and debt securities.”

Loans and leases held for investment are loans and leases

that the institution has the intent and ability to hold for

the foreseeable future or until maturity or payoff.

The loan and lease portfolio categories for which allowance and related recorded investment amounts are to be

reported in Schedule HI-C, Part I, represent general

categories rather than the standardized loan categories

defined in Schedule HC-C, Part I, Loans and Lease

Financing Receivables. Based on the manner in which it

segments its portfolio for purposes of its allowance

methodology, each institution should report each component of the overall allowance reported in Schedule HC,

item 4(c), and the recorded investment in the related

loans and leases in the Schedule HI-C, Part I, general

loan category that best corresponds to the characteristics

of the related loans and leases.1 The sum of the recorded

investment amounts reported in Schedule HI-C, Part I,

1. 1. For example, based on its allowance methodology, one institution’s allowance components for credit cards might relate to both consumer and business credit card receivables, but another institution’s allowance components for credit cards might relate only to consumer credit card

receivables.

As another example, based on its allowance methodology, one institution might include its loans secured by farmland in its allowance components for commercial real estate loans, but another institution might

include its loans secured by farmland in its allowance components for

commercial loans.

FR Y-9C HI-C-1

Schedule HI-C December 2020
(plus the fair value of loans held for investment for which

the fair value option has been elected) must equal the

balance sheet amount of held-for-investment loans and

leases reported in Schedule HC, item 4(b), “Loans and

leases, held for investment.” Thus, the recorded investment amounts reported in columns A, C, and E of

Schedule HI-C must be net of unearned income.

Column Instructions

Columns A and B: For each of the specified general

categories of loans held for investment, report in column

A the recorded investment in individually evaluated

loans that have been determined to be impaired as

defined in ASC Subtopic 310-10, Receivables - Overall

(formerly FASB Statement No. 114, Accounting by

Creditors for Impairment of a Loan, as amended), including all loans restructured in troubled debt restructurings,

and report in column B the balance of the allowance for

loan and lease losses attributable to these individually

impaired loans measured in accordance with ASC Subtopic 310-10.

Columns C and D: For each of the specified general

categories of loans and leases held for investment, report

in column C the recorded investment in loans and leases

that have been collectively evaluated for impairment in

accordance with ASC Subtopic 450-20, Contingencies -

Loss Contingencies (formerly FASB Statement No. 5,

Accounting for Contingencies) and report in column D

the balance in the allowance for loan and lease losses

attributable to these collectively evaluated loans and

leases measured in accordance with ASC Subtopic 450-

20. Report in column D any unallocated portion of the

allowance for loan and lease losses for loans collectively

evaluated for impairment. Include in column C the

recorded investment in any loans held for investment not

individually determined to be impaired that do not have a

balance in the allowance for loan and lease losses

attributable to them.

Columns E and F: For each of the specified general

categories of loans held for investment, report in column

E the recorded investment in purchased credit-impaired

loans as defined in ASC Subtopic 310-30, Receivables -

Loans and Debt Securities Acquired with Deteriorated

Credit Quality (formerly AICPA Statement of Position

03-3, Accounting for Certain Loans or Debt Securities

Acquired in a Transfer) and report in column F the

balance in the allowance for loan and lease losses

attributable to these purchased credit-impaired loans

measured in accordance with ASC Subtopic 310-30.

Line Item 1 Real estate loans.

Line Item 1(a) Construction loans.

Report in the appropriate column, disaggregated on the

basis of impairment method, the balance in the allowance

for loan and lease losses for and the related recorded

investment in held-for-investment construction loans.

Exclude loans that the institution has elected to report at

fair value under a fair value option.

Line Item 1(b) Commercial real estate loans.

Report in the appropriate subitem and column, disaggregated on the basis of impairment method, the balance in

the allowance for loan and lease losses for and the related

recorded investment in held-for-investment commercial

real estate loans. Exclude loans that the institution has

elected to report at fair value under a fair value option.

Line Item 1(c) Residential real estate loans.

Report in the appropriate column, disaggregated on the

basis of impairment method, the balance in the allowance

for loan and lease losses for and the related recorded

investment in residential real estate loans. Exclude loans

that the institution has elected to report at fair value under

a fair value option.

Line Item 2 Commercial loans.

Report in the appropriate column, disaggregated on the

basis of impairment method, the balance in the allowance

for loan and lease losses for and the related recorded

investment in all held-for-investment commercial loans.

For purposes of this item, commercial loans include all

loans and leases not reported as real estate loans, credit

cards, or other consumer loans. Exclude loans that the

institution has elected to report at fair value under a fair

value option.

Line Item 3 Credit cards.

Report in the appropriate column, disaggregated on the

basis of impairment method, the balance in the allowance

for loan and lease losses for and the related recorded

investment in all held-for-investment extensions of credit

arising from credit cards. Exclude loans that the institution has elected to report at fair value under a fair value

option.

Schedule HI-C

HI-C-2 FR Y-9C

Schedule HI-C March 2018
Line Item 4 Other consumer loans.

Report in the appropriate column, disaggregated on the

basis of impairment method, the balance in the allowance

for loan and lease losses for and the related recorded

investment in all held-for-investment consumer loans

other than credit cards. Exclude loans that the institution

has elected to report at fair value under a fair value

option.

Line Item 5 Unallocated, if any.

Report in column D the amount of any unallocated

portion of the allowance for loan and lease losses for

loans collectively evaluated for impairment. A holding

company is not required to have an unallocated portion of

the allowance.

Line Item 6 Total.

For each column in Schedule HI-C, Part I, report the sum

of items 1 through 5.

The sum of the amounts reported in Schedule HI-C,

item 6, columns B, D, and F must equal Schedule HC,

Part I, item 4(c), “Allowance for loan and lease losses.”

The amount reported in Schedule HI-C, item 6, column E, must equal Schedule HC-C, Part I, Memorandum

item 5.b, ‘‘Amount included in Schedule HC-C, items 1

through 9.’’

The amount reported in Schedule HI-C, Part I, item 6,

column F, must equal Schedule HI-B, part II, Memorandum item 4, ‘‘Amount of allowance for post-acquisition

credit losses on purchased credit-impaired loans accounted

for in accordance with FASB ASC 310-30.’’

The sum of the amounts reported in Schedule HI-C,

Part I, item 6, columns A, C, and E, plus the amount

reported in Schedule HC-Q, item 4, column A, ‘‘Total

fair value reported on Schedule HC’’ for loans and leases

held for investment, must equal Schedule HC, item 4(b),

“Loans and leases, held for investment.”

Part II. Disaggregated Data on the

Allowances for Credit Losses

General Instructions for Part II

Part II, items 1 through 6, of this schedule have two

columns for the disclosure of disaggregated information

by portfolio category on the amortized cost basis (and

recorded investment for holding companies with less

than $5 billion in total assets that have not adopted ASU

2016-13) of held-for-investment loans and leases and the

related balance in the allowance for credit losses on loans

and leases at the end of each quarter (excluding loans

held for investment that the institution has elected to

report at fair value under a fair value option).

Part II, items 7 through 11, of this schedule provide for

the disclosure of information on the allowance for credit

losses on held-to-maturity debt securities disaggregated

by portfolio category at the end of each quarter.

All holding companies that have adopted ASU 2016-13

should report HI-C Part II, Disaggregated Data on the

Allowances for Credit losses, items 1 through 11.

Holding companies that have total assets less than $5 billion and have adopted ASU 2016-03 should report

Disaggregated Data on the Allowances for Credit losses,

items 1 through 11, semiannually in June and December.

Holding companies with less than $5 billion in total

assets that have not adopted ASU 2016-13 may report

report the condensed disaggregated data on the allowance for loan and lease losses in data items 1 through 6

on HI-C Part II only, semiannually in June and December

instead of the detail on HI-C, Part I. Such holding

companies should report the recorded investment in

column A (not amortized cost) and the related balance in

the allowance for loan losses for such loans in column B

and should leave data items 7 through 11 blank. For more

information on the recorded investment, refer to columns A, C and E of Schedule HI-C Part I.

All other holding companies with $5 billion or more in

total assets that have not adopted ASU 2016-13 should

complete only Schedule HI-C, Part I, Disaggregated Data

on the Allowance for Loans and Leases, and should leave

the data items reported in Part II blank.

Item Instructions

Item No. Caption and Instructions

1 to 6 General Instructions for Loans and Leases,

Held for Investment: The loan and lease

portfolio categories for which allowance and

related amortized cost (and recorded investment for holding companies with less than

$5 billion in total assets that have not adopted

ASU 2016-13) amounts are to be reported in

Schedule HI-C, part II, represent general

Schedule HI-C

FR Y-9C HI-C-3

Schedule HI-C December 2020
categories rather than standardized loan categories defined in Schedule HC-C, Loans and

Leases. Based on the manner in which it

segments its portfolio for purposes of applying its allowance methodology, each holding

company should report each component of

the overall allowance reported in Schedule

HC, item 4(c), and the amortized cost in the

related loans and leases in the Schedule HI-C

general loan category that best corresponds

to the characteristics of the related loans and

leases.2

Loans and leases held for investment are

loans and leases that the holding company

has the intent and ability to hold for the

foreseeable future or until maturity or payoff.

For each of the specified general categories

of loans and leases held for investment, report

in column A, “Amortized Cost”, the amortized cost basis (and recorded investment for

holding companies with less than $5 billion

in total assets that have not adopted ASU

2016-13) of all loans and leases held for

investment. The sum of the amortized cost

amounts reported in Schedule HI-C, Part II,

item 6, Column A, “Total” plus the fair value

of loans held for investment reported on

Schedule HC-Q, item 4, column A, for which

the fair value option has been elected must

equal the balance sheet amount of held-forinvestment loans and leases reported in Schedule HC, item 4(b), “Loans and leases held for

investment.” Thus, the amortized cost

amounts reported in columns A must be net

of unearned income.

For each of the specified general categories

of loans and leases held for investment, report

in column B, “Allowance Balance,” the

related balance of the allowance for credit

losses measured in accordance with ASC

Subtopic 326-20.

1 Real estate loans:

1(a) Construction loans. Report in column A the

amortized cost basis in held-for-investment

construction loans and in column B the

related balance in the allowance for credit

losses for such loans. Exclude loans that the

holding company has elected to report at fair

value under a fair value option.

1(b) Commercial real estate loans. Report in

column A the amortized cost basis in heldfor-investment commercial real estate loans

and in column B the related balance in the

allowance for credit losses for such loans.

Exclude loans that the holding company has

elected to report at fair value under a fair

value option.

1(c) Residential real estate loans. Report in column A the amortized cost basis in held for

investment residential real estate loans and in

column B the related balance in the allowance for credit losses for such loans. Exclude

loans that the holding company has elected to

report at fair value under a fair value option.

2 Commercial loans. Report in column A the

amortized cost basis in all held for investment commercial loans and in column B the

related balance in the allowance for credit

losses for such loans. For purposes of this

item, commercial loans include all loans and

leases not reported as real estate loans, credit

cards, or other consumer loans in the other

items reported in Schedule HI-C. Exclude

loans that the holding company has elected to

report at fair value under a fair value option.

3 Credit cards. Report in column A the amortized cost basis in all held for investment

extensions of credit arising from credit cards

and in column B the related balance in the

allowance for credit losses for such extensions of credit. Exclude loans that the holding

company has elected to report at fair value

under a fair value option.

4 Other consumer loans. Report in column A

2. For example, based on its allowance methodology, one holding

company’s allowance components for credit cards might relate to both

consumer and business credit card receivables, but another holding company’s allowance components for credit cards might relate only to consumer credit card receivables.

As another example, based on its allowance methodology, one holding

company might include its loans secured by farmland in its allowance

components for commercial real estate loans, but another holding company

might.

Schedule HI-C

HI-C-4 FR Y-9C

Schedule HI-C December 2019
the amortized costs basis in all held-forinvestment consumer loans other than credit

cards and in column B the related balance in

the allowance for credit losses for such loans.

Exclude loans that the institution has elected

to report at fair value under a fair value

option.

5 Unallocated, if any. Report the amount of

any unallocated portion of the allowance for

credit losses. A holding company should

only have an unallocated portion of its allowance for credit losses that is appropriately

supported and documented, and such an

amount would be acceptable as part of management’s best estimate of current expected

credit losses.

6 Total. Report the sum of items 1(a)

through 5. The total of column A plus the

amount reported in Schedule HC-Q, item 4,

column A, “Total fair value reported on

Schedule HC” for loans and leases held for

investment, must equal Schedule HC,

item 4(b), “Loans and leases held for

investment.” Total of column B must equal

Schedule HC, item 4(c), “Allowance for

loan and lease losses.”

7 to 11 General Instructions for Held-ToMaturity Securities: For each of the specified general categories of held-to-maturity

debt securities, report the balance of the

allowance for credit losses attributable to

these securities measured in accordance with

ASC Subtopic 326-20. The amounts of the

allowance for credit losses reported in items

7 through 10 should directly correspond to

the securities categories defined in Schedule

HC-B as noted below.

7 Securities issued by states and political

subdivisions in the U.S. Report the allowance for credit losses on held-to-maturity

debt securities that have been issued by states

and political subdivisions in the U.S. The

amount reported in this line item represents

the allowance for credit losses for the amortized cost of the same debt securities category reported in line item 3, column A on

Schedule HC-B.

8 Mortgage-backed securities (MBS) (including CMOs, REMICs and stripped MBS):

Report the allowance for credit losses on

held-to-maturity mortgage-backed securities.

The Amount reported in this line item represents the allowance for credit losses for the

amortized cost of the same debt securities

categories reported in line items 4(a)(1),

4(a)(2), 4(a)(3), 4(b)(1), 4(b)(2), 4(b)(3),

4(c)(1)(a), 4(c)(1)(b), 4(c)(2)(a) and

4(c)(2)(b), column A on Schedule HC-B.

9 Asset-backed securities and structured

financial products. Report the allowance for

credit losses on held-to-maturity asset-backed

securities and structured financial products.

The amount reported in this line item represents the allowance for credit losses for the

amortized cost of the same debt securities

categories reported in line items 5(a) and

5(b), column A on Schedule HC-B.

10 Other debt securities. Report the allowance

for credit losses on held-to-maturity other

debt securities not reported in items 7 to 9.

11 Total. Report the sum of items 7 through 10.

The sum of the amounts reported in item 11,

“Total” should equal the amount reported in

Schedule HI-B, Part II, column B, item 7,

“Balance end of current period”.

Schedule HI-C

FR Y-9C HI-C-5

Schedule HI-C March 2019
LINE ITEM INSTRUCTIONS FOR

Notes to the Income Statement

Predecessor Financial Items

General Instructions

This one-time reporting schedule is event-driven. An

event for reporting the income statement items below is

defined as a business combination that occurred during

the quarter (that is, the holding company consummated a

merger or acquisition within the quarter). Complete this

schedule only if the combined assets of the acquired

entity(ies) are at least equal to $10 billion or 5 percent of

the reporting holding company’s total consolidated assets

at the previous quarter-end, whichever is less.

Report in accordance with these instructions the selected

income statement information for any acquired company(ies), the predecessor, as described above. The information should be reported year to date of acquisition, that

is, from January 1 of the current year to the last day prior

to the acquisition date.

Only a single schedule should be completed with aggregated information for all entities acquired during the

quarter. The combined assets of these firms should at

least equal $10 billion or 5 percent of the respondent’s

total consolidated assets at the previous quarter-end,

whichever is less.

The reporting holding company may report the items

below, net of merger-related adjustments, if any.

In the unlikely event that only a portion of a firm was

purchased and actual financial statements for the acquired

operations are not readily available, the reporting holding

company may provide estimates in lieu of inaccessible

actual data.

If a single transaction business combination occurred

where the acquiree was another holding company that

filed the FR Y-9C in the preceding quarter, and the

combination occurred on the first day of the quarter, that

event is exempt from being reported on this schedule.

This exemption also applies if all entities acquired on the

first day of the quarter were FR Y-9C filers as of the prior

quarter.

The line item instructions should be read in conjunction

with the instructions for Schedule HI, ‘‘Consolidated

Report of Income.’’

Line Item 1 Total interest income.

Report the total interest income of the acquired company

for the year to date of acquisition.

Include as interest income:

(1) Interest and fee income on loans;

(2) Income from lease financing receivables;

(3) Interest income on balances due from depository

institutions;

(4) Interest and dividend income on securities;

(5) Interest income from trading assets; and

(6) All other interest income.

Line Item 1(a) Interest income on loans and

leases.

Report the amount of interest income on loans and leases.

Include as interest income on loans and leases:

(1) All interest, fees, and similar charges levied against

or associated with all assets reportable as loans as

defined in Schedule HC-C, items 1 through 9; and

(2) Income from direct financing and leveraging leases

as defined in Schedule HC-C, item 10.

Line Item 1(b) Interest income on investment

securities.

Report all income on assets that are reportable as securities as defined in Schedule HC-B.

FR Y-9C ISnotes-P-1

Predecessor Financial Items March 2013
Include as interest income on investment securities:

(1) Income from U.S. Treasury securities and U.S. government agency obligations;

(2) Income from mortgage-backed securities; and

(3) Income from all other securities.

Line Item 2 Total interest expense.

Report the total interest expense of the acquired company

for the year to date of acquisition.

Include as interest expense:

(1) Interest on deposits;

(2) Expense on federal funds purchased and securities

sold under agreements to repurchase;

(3) Interest on trading liabilities and other borrowed

money;

(4) Interest on subordinated notes and debentures and on

mandatory convertible securities; and

(5) All other interest expense.

Line Item 2(a) Interest expense on deposits.

Report all interest expense, including amortization of the

cost of merchandise or property offered in lieu of interest

payments, on deposits as defined in Schedule HC, item

13(a)(2) and 13(b)(2).

Include as interest expense on deposits:

(1) Interest on deposits in domestic offices including

interest on time deposits and all other deposits; and

(2) Interest on deposits in foreign offices, Edge and

Agreement subsidiaries, and IBFs.

Line Item 3 Net interest income.

Report the difference between item 1, ‘‘Total interest

income’’ and item 2, ‘‘Total interest expense.’’ If the

amount is negative, report with a minus (-) sign.

Line Item 4 Provision for loan and lease losses.

Holding companies that have not adopted ASU-2016-13,

report the amount the acquired company needed to make

the allowance for loan and lease losses, as defined in

Schedule HC, item 4(c), adequate to absorb expected

loan and lease losses, based upon management’s evaluation of the consolidated holding company’s loan and

lease portfolio. Holding companies that have adopted

ASU 2016-13, report the provision for credit losses (as

defined in HI, item 4). Also include in this item any

provision for allocated transfer risk related to loans and

leases. Report negative amounts with a minus (-) sign.

Line Item 5 Total noninterest income.

Report the total noninterest income of the acquired

company for the year to date of acquisition.

Include as noninterest income:

(1) Income from fiduciary activities;

(2) Service charges on deposit accounts in domestic

offices;

(3) Trading revenue;

(4) Investment banking, advisory, brokerage and underwriting fees and commissions;

(5) Venture capital revenue;

(6) Net servicing fees;

(7) Net securitization income;

(8) Insurance commissions and fees;

(9) Net gains (losses) on sales of loans and leases;

(10) Net gains (losses) on sales of other real estate

owned;

(11) Net gains (losses) on sales of other assets (excluding securities); and

(12) Other noninterest income.

Line Item 5(a) Income from fiduciary activities.

Report gross income from services rendered by the trust

departments of the acquired company’s banking subsidiaries or by any of the acquired company’s consolidated

subsidiaries acting in any fiduciary capacity. Include

commissions and fees on the sales of annuities by these

entities that were executed in a fiduciary capacity.

Exclude commissions and fees received for the accumulation or disbursement of funds deposited to Individual

Retirement Accounts (IRAs) or Keogh Plan accounts

when they were not handled by the trust departments of

the acquired entity’s subsidiary banks.

Leave this item blank if the subsidiary banks of the

acquired company had no trust departments and the

Predecessor Financial Items

ISnotes-P-2 FR Y-9C

Predecessor Financial Items March 2021
acquired company had no consolidated subsidiaries that

rendered services in any fiduciary capacity.

Line Item 5(b) Trading revenue.

Report the net gain or loss from trading cash instruments

and off-balance-sheet derivative contracts (including

commodity contracts) that was recognized during the

year to date of acquisition.

Include as trading revenue:

(1) Revaluation adjustments to the carrying value of

trading assets and liabilities as defined in Schedule

HC, items 5 and 15, resulting from the periodic

marking to market of such assets and liabilities;

(2) Revaluation adjustments from the periodic marking

to market interest rate, foreign exchange, equity

derivative, and commodity and other contracts as

defined in Schedule HC-L, item 12; and

(3) Incidental income and expense related to the purchase and sale of trading assets and liabilities as

defined in Schedule HC, items 5 and 15, and offbalance-sheet derivative contracts as defined in Schedule HC-L, item 12.

If the amount to be reported in this item is a net loss,

report with a minus (-) sign.

Line Item 5(c) Investment banking, advisory,

brokerage and underwriting fees and commissions.

Report fees and commissions from underwriting (or

participating in the underwriting of) securities, investment advisory and management services, merger and

acquisition services, and other related consulting fees.

Include fees and commissions from securities brokerage

activities, from the sale and servicing of mutual funds,

from the sale of annuities to the acquired company’s

customers by securities brokerage firms, from the purchase and sale of securities and money market instruments where the acquired company was acting as agent

for other banking institutions or customers and from the

lending of securities owned by the predecessor company

or its customers (if these fees and commissions are not

included in Notes to the Income Statement - Predecessor

Financial Items, item 5(a), “Income from fiduciary activities,” or item 5(b), “Trading revenue”).

Also include the acquired company’s proportionate share

of the income or loss before discontinued operations

from its investment in:

(1) Unconsolidated subsidiaries,

(2) Associated companies, and

(3) Corporate joint ventures, unincorporated joint ventures, general partnerships, and limited partnerships

over which the acquired company exercised significant influence that were principally engaged in

investment banking, advisory, brokerage or securities

underwriting activities.

Line Item 5(d) Venture capital revenue.

Report as venture capital revenue market value adjustments, interest, dividends, gains, and losses (including

impairment losses) on venture capital investments (loans

and securities).

Also include the acquired company’s proportionate share

of the income or loss before discontinued operations

from its investment in:

(1) Unconsolidated subsidiaries,

(2) Associated companies, and

(3) Corporate joint ventures, unincorporated joint ventures, general partnerships, and limited partnerships

over which the acquired company exercised significant influence that were principally engaged in venture capital activities.

In general, venture capital activities involve the providing of funds, whether in the form of loans or equity, and

technical and management assistance, when needed and

requested, to start-up or high-risk companies specializing

in new technologies, ideas, products, or processes. The

primary objective of these investments is capital growth.

Line Item 5(e) Net securitization income.

Report net gains (losses) on assets sold in securitization

transactions, (i.e., net of transaction costs). Include fees

(other than servicing fees) earned from the acquired

company’s securitization transactions and unrealized

losses (and recoveries or unrealized losses) on loans and

leases held for sale in securitization transactions. Exclude

income from servicing securitized assets and seller’s

interests and residual interests retained by the acquired

company.

Predecessor Financial Items

FR Y-9C ISnotes-P-3

Predecessor Financial Items September 2016
Line Item 5(f) Insurance commissions and fees.

Report the amount of premiums earned by holding

company subsidiaries engaged in insurance underwriting

and reinsurance activities, and income from insurance

product sales and referrals, as defined in Schedule HI,

items 5(h)(1) and 5(h)(2).

Line Item 6 Realized gains (losses) on

held-to-maturity and available-for-sale securities.

Report the net gain or loss realized during the year to date

of acquisition from the sale, exchange, redemption, or

retirement of all securities as defined in Schedule HC,

items 2(a) and 2(b). The realized gain or loss is the

difference between the sales price (excluding interest at

the coupon rate accrued since the last interest payment

date, if any) and the amortized cost. Holding companies

that have not adopted ASU-2016-13 also include in this

item other-than-temporary impairments losses on individual available-for-sale securities that must be recognized in earnings. If the amount to be reported in this

item is a net loss, report with a minus (-) sign.

Holding companies that have adopted ASU 2016-13

should adjust the amortized cost for recoveries of any

prior charge-offs when calculating the realized gain or

loss on a security, such that recovery of a previously

charged off amount should be recorded before recognizing the gain. Include in this item any write-off recorded

when the institution intends to sell the debt security, or it

is more likely than not the institution will be required to

sell the security before recovery of its amortized cost

basis.

For holding companies that have adopted FASB Accounting Standards Update No. 2016-01 (ASU 2016-01),

which includes provisions governing the accounting for

investments in equity securities, including investment in

mutual funds, and eliminates the concept of available-forsale equity securities include the amount of realized and

unrealized gains (losses) (and all other value changes) on

equity securities and other equity investments.

Do not adjust for applicable income taxes (income taxes

applicable to gains (losses) on held-to-maturity or

available-for-sale securities are to be reported in item 9,

“Applicable income taxes (on item 8), below).”

Exclude from this item:

(1) Net gains (losses) from the sale of detached securities

coupons and the sale of ex-coupon securities (report

in item 5, ‘‘Total noninterest income,’’ or item 7,

‘‘Total noninterest expense,’’ as appropriate); and

(2) The change in net unrealized holding gains (losses)

on available-for-sale securities during the year to

date of acquisition.

Line Item 7 Total noninterest expense.

Report the total noninterest expense of the acquired

company for the year to date of acquisition.

Include as noninterest expense:

(1) Salaries and employee benefits;

(2) Expenses of premises and fixed assets;

(3) Goodwill impairment losses;

(4) Amortization expense and impairment losses for

other intangible assets; and

(5) Other noninterest expense.

Line Item 7(a) Salaries and employee benefits.

Report salaries and benefits of all officers and employees

of the acquired company and its consolidated subsidiaries

including guards and contracted guards, temporary office

help, dining room and cafeteria employees, and building

department officers and employees (including maintenance personnel).

Include as salaries and employee benefits:

(1) Gross salaries, wages, overtime, bonuses, incentive

compensation, and extra compensation;

(2) Social security taxes and state and federal unemployment taxes paid by the consolidated acquired company;

(3) Contributions to the consolidated acquired company’s retirement plan, pension fund, profit-sharing

plan, employee stock ownership plan, employee

stock purchase plan, and employee savings plan;

(4) Premiums (net of dividends received) on health and

accident, hospitalization, dental, disability, and life

insurance policies for which the consolidated acquired

company was not the beneficiary;

(5) Cost of office temporaries whether hired directly by

the acquired company or its consolidated subsidiaries

or through an outside agency;

(6) Worker’s compensation insurance premiums;

Predecessor Financial Items

ISnotes-P-4 FR Y-9C

Predecessor Financial Items March 2019
(7) The net cost to the acquired company or its consolidated subsidiaries for employee dining rooms, restaurants, and cafeterias;

(8) Accrued vacation pay earned by employees during

the year to date of acquisition; and

(9) The cost of medical or health services, relocation

programs and reimbursement programs, and other

so-called fringe benefits for officers and employees.

Line Item 7(b) Goodwill impairment losses.

Report any impairment losses recognized during the year

to date of acquisition on goodwill (as defined for Schedule HC, item 10(a)). See Schedule HI, item 7(c)(1) for

further guidance.

Line Item 8 Income (loss) before applicable

income taxes and discontinued operations.

Report the consolidated acquired company’s pretax operating income. This amount will generally be determined

by taking item 1, minus the sum of item 2 and item 4,

plus item 5, plus or minus item 6, minus item 7. If the

result is negative, report with a minus (-) sign.

Line Item 9 Applicable income taxes.

Report the total estimated federal, state and local, and

foreign income tax expense applicable to item 8, “Income

(loss) before applicable income taxes and discontinued

operations,” including the tax effects of gains (losses) on

securities not held in trading accounts (i.e., held-tomaturity and available-for-sale securities). Include both

the current and deferred portions of these income taxes. If

the amount is a tax benefit rather than tax expense, report

with a minus (-) sign.

Include as applicable income taxes all taxes based on a

net amount of taxable revenues less deductible expenses.

Exclude from applicable income taxes all taxes based on

gross revenues or gross receipts.

Include income tax effects of changes in tax laws or rates.

Also include the effect of changes in the valuation

allowance related to deferred tax assets resulting from a

change in estimate of the realizability of deferred tax

assets, excluding the effect of any valuation allowance

changes related to unrealized holding gains (losses) on

available-for-sale securities that are charged or credited

directly to the separate component of equity capital for

‘‘Accumulated other comprehensive income.’’

Include tax benefits from operating loss carrybacks realized during the reporting period up to acquisition date. If

the consolidated acquired company had realized tax

benefits from operating loss carryforwards during this

period, do not net the dollar amount of these benefits

against the income taxes which would be applicable to

item 8. Report the dollar amount of income taxes applicable to item 8 in this item and report the realized tax

benefits of operating loss carryforwards gross in item 11,

‘‘Discontinued operations, net of applicable income taxes

and noncontrolling (minority) interest.”

Also include the dollar amount of any material adjustments or settlements reached with a taxing authority

(whether negotiated or adjudicated) relating to disputed

income taxes of prior years (report in noninterest income

or noninterest expense, as appropriate).

Exclude the estimated federal, state and local, and foreign income taxes applicable to:

(1) Item 11, “Discontinued operations, net of applicable

income taxes and noncontrolling (minority) interest”;

(2) Any changes due to corrections of material accounting errors and changes in accounting principles; and

(3) Other comprehensive income.

Line Item 10 Noncontrolling (minority) interest.

Report the noncontrolling (minority) interest in the net

income or loss of the acquired company’s consolidated

subsidiaries.

Line Item 11 Discontinued operations, net of

applicable income taxes and noncontrolling

(minority) interest.

Report the results of discontinued operations, if any, net

of applicable income taxes, as determined in accordance

with the provisions of ASC Subtopic 205-20, Presentation of Financial Statements—Discontinued Operations

(formerly FASB Statement No. 144, “Accounting for the

impairment or Disposal of Long-Lived Assets”). If the

amount reported in this item is a net loss, report with a

minus (-) sign.

Line Item 12 Net income (loss).

Report the difference between item 8 and the sum of item

9, item 10, and item 11. If the amount is negative, report

with a minus (-) sign.

Predecessor Financial Items

FR Y-9C ISnotes-P-5

Predecessor Financial Items September 2016
Line Item 13 Cash dividends declared.

Report all cash dividends declared on common and

preferred stock (including limited-life preferred stock)

during the year to date of acquisition, including dividends not payable until after the acquisition date.

Do not include dividends declared during the previous

calendar year but paid in the current period.

For further information on cash dividends, refer to the

Glossary entry for ‘‘dividends.’’

Line Item 14 Net charge-offs.

Report in this item the difference between gross chargeoffs (loans and leases charged by the acquired company

against the allowance) and recoveries (amounts credited

to the allowance for recoveries on loans and leases

previously charged against the allowance) from January

1 to the last business day prior to the date of the BHC’s

merger with the acquired entity. Include in charged off

loans and leases write-downs to fair value on loans and

leases transferred to the held-for-sale account during the

year to date of acquisition that occurred when (1) the

acquired company decided to sell loans that were not

originated or otherwise acquired with the intent to sell

and (2) the fair value of those loans had declined for any

reason other than a change in the general market level of

interest or foreign exchange rates.

Line Item 15 Net interest income (item 3 above)

on a fully taxable equivalent basis.

Report net interest income (Notes to the Income Statement - Predecessor Financial Items, item 3, “Net interest

income,” above) on a fully taxable equivalent basis. The

amount reported in this item should reflect what net

interest income of the acquired company would have

been if all its interest income were subject to federal and

state income taxes.

The following accounts, on which the interest income is

fully or partially tax-exempt, should be adjusted to a

“taxable equivalent” basis in order that the acquired

company’s interest income can be computed on a fully

taxable equivalent basis:

(1) Interest income on tax-exempt obligations (other

than securities) of states and political subdivisions in

the U.S. (included in Notes to the Income Statement -

Predecessor Financial Items, item 1(a), “Interest

income on loans and leases”);

(2) Income on lease financing receivables that is taxexempt (included in Notes to the Income Statement -

Predecessor Financial Items, item 1(a), “Interest

income on loans and leases”);

(3) Income on tax-exempt securities issued by states and

political subdivisions in the U.S. (included in Notes

to the Income Statement - Predecessor Financial

Items, item 1(b), “Interest income on investment

securities”); and

(4) Any other interest income (such as interest income

earned on loans to an Employee Stock Ownership

Plan), which under state or federal laws is partially or

in its entirety exempt from income taxes.

The changes to the 1986 Tax Reform Act must be taken

into consideration when computing net interest income

on a fully taxable equivalent basis. The 1986 Act, in

general, disallowed 100% of the interest expense allocable to tax-exempt obligations acquired after August 7,

1986. Previous to that date, and after December 31, 1982,

the disallowance percentage was 20%; previous to December 31, 1982, the disallowance was 0%.

Predecessor Financial Items

ISnotes-P-6 FR Y-9C

Predecessor Financial Items June 2018
LINE ITEM INSTRUCTIONS FOR

Notes to the Income Statement

Other

This section has been provided to allow holding companies that so wish to explain the content of specific items

in the income statement. The reporting holding company

should include any transactions reported on Schedules HI through HI-B that it wishes to explain or that

have been separately disclosed in the holding company’s

quarterly reports to its shareholders, in its press releases,

or on its quarterly reports to the Securities and Exchange

Commission (SEC).

Exclude, however, any transactions that have been separately disclosed under the reporting requirements specified in Memoranda items 6 through 8 to Schedule HI, the

Consolidated Income Statement.

Also include any transactions which previously would

have appeared as footnotes to Schedules HI through

HI-B.

Report in the space provided the schedule and line item

for which the holding company is specifying additional

information, a description of the transaction and, in the

column provided, the dollar amount associated with the

transaction being disclosed.

Adoption of Current Expected Credit

Loss Methodology – ASC Topic 326.

Report in this item the cumulative-effect adjustment for

the changes in the allowances for credit losses, net of any

related deferred tax assets, recognized in retained earnings as of the beginning of the first reporting period in

which the institution adopts ASU 2016-13, which governs the accounting for credit losses. Exclude from this

line item the gross up amounts of purchased credit

impaired assets to purchased credit deteriorated assets.

Holding companies that have not adopted ASU 2016-13

should leave this line item blank.

Initial allowances for credit losses

recognized upon the acquisition of

purchased credit-deteriorated assets.

For holding companies that have adopted ASU 2016-13,

report in this item, as a positive number, the initial

allowance for credit losses recognized on purchased

credit-deteriorated assets. This item is applicable both in

the period in which a holding company adopts ASU

2016-13 and in any subsequent periods in which an

holding company acquires purchased credit-deteriorated

assets. Report only the allowance as of the acquisition

date of the PCD assets. Any subsequent changes to the

allowances on purchased credit deteriorated assets would

be reported in Schedule HI-B, Part II in line item 5.

Institutions that have not adopted ASU 2016-13 should

leave this line item blank.

Effect of adoption of current expected

credit losses methodology on allowances

for credit losses on loans and leases held

for investment and held-to-maturity debt

securities.

For holding companies that have adopted ASU 2016-13,

report in this item the change in the amount of allowances from initially applying ASU 2016-13 to these two

categories of assets as of the effective date of the

accounting standard in the period of adoption, including

the initial allowance gross-up for any purchased creditdeteriorated assets held as of the effective date.

FR Y-9C ISnotes--1

Notes to the Income Statement—Other March 2019
LINE ITEM INSTRUCTIONS FOR

Consolidated Balance Sheet

for Holding Companies

Schedule HC

The line item instructions should be read in conjunction with the Glossary and other

sections of these instructions. See the discussion of the Organization of the Instruction Book

in the General Instructions. For purposes of these line item instructions, the FASB

Accounting Standards Codification is referred to as “ASC.”

Assets

Line Item 1 Cash and balances due from

depository institutions.

Report in item 1(a) noninterest-bearing balances due

from depository institutions and currency and coin and in

item 1(b) interest-bearing balances due from depository

institutions.

Depository institutions cover the following

(1) Depository institutions in the U.S., i.e.,

(a) U.S. branches and agencies of foreign banks

(refer to the Glossary entry for ‘‘banks, U.S. and

foreign’’ for the definition of this term);

(b) U.S. branches of U.S. banks (refer to the Glossary

entry for ‘‘banks, U.S. and foreign’’);

(c) savings or building and loan associations, homestead associations, and cooperative banks;

(d) mutual and stock savings banks; and

(e) credit unions.

(2) Banks in foreign countries, i.e.,

(a) foreign-domiciled branches of other U.S. banks;

and

(b) foreign-domiciled branches of foreign banks.

See the Glossary entry for ‘‘banks, U.S. and foreign’’

for a description of banks in foreign countries.

(3) Foreign central banks, i.e.,

(a) foreign central banks in foreign countries;

(b) departments of foreign central governments that

have, as an important part of their functions,

activities similar to those of a central bank;

(c) nationalized banks and banking institutions owned

by central governments that have, as an important part of their functions, activities similar to

those of a central bank; and

(d) the Bank for International Settlements (BIS).

Balances due from such institutions cover all interestbearing and noninterest-bearing balances whether in the

form of demand, savings, or time balances, including

certificates of deposit, but excluding any balances held

in the consolidated holding company’s trading accounts.

Balances with foreign central banks should include all

balances with such entities, including reserve, operating,

and investment balances. Balances should include ‘‘placements and redeposits’’ between foreign offices of the

banking subsidiaries of the reporting holding company

and foreign offices of other banks.

Treatment of reciprocal balances with depository institutions. Reciprocal balances arise when two depository

institutions maintain balances with each other, i.e., each

institution has both a ‘‘due from’’ and a ‘‘due to’’ balance

with the other institution. For purposes of reporting on

this schedule and on Schedule HC-E, Deposit Liabilities,

reciprocal balances should be reported in accordance

with generally accepted accounting principles.

For purposes of these reports, deposit accounts ‘‘due

from’’ other depository institutions that are overdrawn

are to be reported as borrowings in Schedule HC, item 16.

For further information, refer to the Glossary entry for

‘‘overdraft.’’

Exclude from items 1(a) and 1(b) the following

(1) All intracompany transactions, i.e., all transactions

between any offices of the consolidated holding

company.

(2) Claims on banks or other depository institutions held

in the consolidated holding company’s trading

accounts.

FR Y-9C HC-1

Schedule HC March 2013
(3) Deposit accounts ‘‘due to’’ other depository institutions that are overdrawn (report in Schedule HC-C,

item 2, ‘‘Loans to depository institutions and acceptances of other banks’’).

(4) Loans to depository institutions (report in Schedule HC-C, item 2).

(5) Unavailable balances due from closed or liquidating

banks or other depository institutions (report in

Schedule HC, item 11, ‘‘Other assets’’).

Line Item 1(a) Noninterest-bearing balances and

currency and coin.

Report the total of all noninterest-bearing balances due

from depository institutions, currency and coin, cash

items in process of collection, and unposted debits.

For purposes of this report, the consolidated holding

company’s overdrafts on deposit accounts it holds with

other depository institutions that are not consolidated on

the reporting holding company’s FR Y-9C (i.e., its ‘‘due

from’’ accounts) are to be reported as borrowings in

Schedule HC, item 16, except overdrafts arising in

connection with checks or drafts drawn by subsidiary

depository institutions of the reporting holding company

and drawn on, or payable at or through, another depository institution either on a zero-balance account or on an

account that is not routinely maintained with sufficient

balances to cover checks or drafts drawn in the normal

course of business during the period until the amount of

the checks or drafts is remitted to the other depository

institution (in which case, report the funds received or

held in connection with such checks or drafts as deposits

in Schedule HC-E until the funds are remitted).

Noninterest-bearing balances include the following

(1) Cash items in process of collection. Cash items in

process of collection include the following:

(a) Checks or drafts in process of collection that are

drawn on another depository institution (or on

a Federal Reserve Bank) and that are payable

immediately upon presentation in the country

where the reporting holding company’s office

that is clearing or collecting the check or draft is

located. This includes checks or drafts drawn on

other institutions that have already been forwarded for collection but for which the reporting

bank has not yet been given credit (‘‘cash letters’’) and checks or drafts on hand that will be

presented for payment or forwarded for collection on the following business day.

(b) Government checks drawn on the Treasurer of

the United States or any other government agency

that are payable immediately upon presentation

and that are in process of collection.

(c) Such other items in process of collection that are

payable immediately upon presentation and that

are customarily cleared or collected as cash items

by depository institutions in the country where

the reporting holding company’s office which is

clearing or collecting the item is located.

(2) Unposted debits, which are cash items in a subsidiary

depository institution’s possession, drawn on itself,

that are immediately chargeable, but that have not

been charged to the general ledger deposit control

account at the close of business on the report date.

(3) Noninterest-bearing balances with depository institutions, i.e., whether in the form of demand, time, or

savings balances, provided that the accounts pay no

interest.

(4) Currency and coin. Include both U.S. and foreign

currency and coin owned and held in all offices of the

consolidated holding company; currency and coin in

transit to a Federal Reserve Bank or to any other

depository institution for which the reporting holding

company’s subsidiaries have not yet received credit;

and currency and coin in transit from a Federal

Reserve Bank or from any other depository institution for which the accounts of the subsidiaries of the

reporting holding company have already been

charged. Foreign currency and coin should be converted into U.S. dollar equivalents as of the report

date.

Exclude from this item the following

(1) Credit or debit card sales slips in process of collection (report as noncash items in Schedule HC,

item 11, ‘‘Other assets’’). However, when the reporting holding company or its consolidated subsidiaries

have been notified that they have been given credit,

the amount of such sales slips should be reported in

this item.

(2) Cash items not conforming to the definition of in

process of collection, whether or not cleared through

Schedule HC

HC-2 FR Y-9C

Schedule HC March 2013
Federal Reserve Banks (report in Schedule HC,

item 11, ‘‘Other assets’’).

(3) Commodity or bill-of-lading drafts (including arrival

drafts) not yet payable (because the merchandise

against which the draft was drawn has not yet

arrived), whether or not deposit credit has been

given. (If deposit credit has been given, report as

loans in the appropriate item of Schedule HC-C; if

the drafts were received on a collection basis, they

should be excluded entirely from the consolidated

holding company’s balance sheet, Schedule HC, until

the funds have actually been collected.)

(4) Balances due from Federal Reserve Banks (report as

interest-bearing balances in Schedule HC, item 1(b)).

Line Item 1(b) Interest-bearing balances.

Report all interest-bearing balances due from depository

institutions whether in the form of demand, savings, or

time balances, including certificates of deposit, but

excluding certificates of deposit held for trading. Include

balances due from Federal Reserve Banks (including

balances maintained to satisfy reserve balance requirements, excess balances, and term deposits), commercial

banks in the U.S., other depository institutions in the U.S.,

Federal Home Loan Banks, banks in foreign countries,

and foreign central banks. Include the fair value of

interest-bearing balances due from depository institutions

that are accounted for at fair value under a fair value

option.

Exclude from interest-bearing balances:

(1) Loans to depository institutions and acceptances of

other banks (report in Schedule HC-C, item 2).

(2) All interest-bearing balances that the reporting institution’s trust department maintains with other depository institutions.

(3) Certificates of deposit held for trading (report in

Schedule HC, item 5).

(4) Investments in money market mutual funds, which,

for purposes of these reports, are to be reported as

investments in equity securities.

Line Item 1(b)(1) In U.S. offices.

Report the total of all interest-bearing balances due from

depository institutions and foreign central banks that are

held in offices of the holding company or its consolidated

subsidiaries located in the fifty states of the United States

and the District of Columbia. NOTE: This item should

include balances due from unaffiliated U.S. and foreign

banks and central banks wherever those institutions are

located, provided that such balances are booked as assets

in domestic offices of the holding company or of its

consolidated subsidiaries.

Exclude balances held in Edge and Agreement subsidiaries or in international banking facilities (IBFs) of the

reporting holding company, which are considered foreign

offices of the holding company for purposes of this

report. Such balances are to be reported in item 1(b)(2)

below.

Line Item 1(b)(2) In foreign offices, Edge and

Agreement subsidiaries, and IBFs.

This item is to be reported only by holding companies

that have foreign offices or Edge or Agreement subsidiaries or whose consolidated subsidiaries have foreign

offices, Edge or Agreement subsidiaries, or International

Banking Facilities.

Report the total of all interest-bearing balances due from

depository institutions, wherever located, provided that

the reporting holding company or its consolidated subsidiaries book such balances as assets of offices that are

located outside the fifty states of the United States and

the District of Columbia. Also report all interest-bearing

balances held in International Banking Facilities (IBFs) and in Edge and Agreement corporations of

the reporting holding company or its consolidated subsidiaries.

Line Item 2 Securities.

Line Item 2(a) Held-to-maturity securities.

For holding companies that have not adopted FASB

Accounting Standards Update No. 2016-13 (ASU 2016-

13), which governs the accounting for credit losses

report, report the amount from Schedule HC-B, item 8,

column A, “Total amortized cost.”

Holding companies that have adopted ASU 2016-13,

which governs the accounting for credit losses, report the

amortized cost net of any applicable allowance for credit

losses. The amount reported in Schedule HC, item 2(a),

must equal the amount reported in Schedule HC-B,

item 8, column A, “Total amortized cost” less the amount

Schedule HC

FR Y-9C HC-3

Schedule HC March 2019
of the allowances for credit losses reported in Schedule HI-B, Part II, item 7, column B, balance end of

current period.

Line Item 2(b) Available-for-sale debt securities.

Report the amount from Schedule HC-B, item 8, column D, ‘‘Total fair value.’’

All holding companies must complete Schedule HC, item

2.c (i.e. not leave item 2.c blank), because all institutions

are now required to have adopted FASB Accounting

Standards No. 2016-01 (ASU 2016-01) for FR Y-9

reporting purposes. ASU 2016-01 includes provisions

governing the accounting for investments in equity securities, including investment in mutual funds, and eliminated the concept of available-for-sale equity securities.

See the Glossary entry for “Securities Activities” for

further information on accounting for investments in

equity securities.

2(c) Equity securities with readily determinable

fair values not held for trading.

Report the fair value of all investments in mutual funds

and other equity securities (as defined in ASC Topic 321,

Investments-Equity Securities) with readily determinable

fair values that are not held for trading. Such securities

include, but are not limited to, money market mutual

funds, mutual funds that invest solely in U.S. Government securities, common stock, and perpetual preferred

stock. Perpetual preferred stock does not have a stated

maturity date and cannot be redeemed at the option of the

investor, although it may be redeemable at the option of

the issuer.

The fair value of equity securities with readily determinable fair values not held for trading included in this item

2.c that are pledged should be reported in Schedule

HC-B, Memorandum item 1, “Pledged securities.”

Exclude equity securities held for trading from Schedule

HC, item 2(c). For purposes of the FR Y-9C balance

sheet, trading activities typically include (a) regularly

underwriting or dealing in securities; interest rate, foreign exchange rate, commodity, equity, and credit derivative contracts; other financial investments; and other

assets for resale, (b) acquiring or taking positions in such

items principally for the purpose of selling in the near

term or otherwise with the intent to resell in order to

profit from short-term price movements, and (c) acquiring or taking positions in such items as an accommodation to customers, provided that acquiring or taking such

positions meets the definition of ′′trading′′ in ASC Topic

320, Investments-Debt Securities, and ASC Topic 815,

Derivatives and Hedging, and the definition of ′′trading

purposes′′ in ASC Topic 815. When a holding company’s

holdings of equity securities with readily determinable

fair values falls within the scope of the preceding description of trading activities, the equity securities should be

reported as trading assets in Schedule HC, item 5.

Otherwise, the equity securities should be reported in this

item 2(c).

According to ASC Topic 321, the fair value of an equity

security is readily determinable if sales prices or bid-andasked quotations are currently available on a securities

exchange registered with the U.S. Securities and Exchange

Commission (SEC) or in the over-the-counter market,

provided that those prices or quotations for the over-thecounter market are publicly reported by the National

Association of Securities Dealers Automated Quotations

systems or by OTC Markets Group Inc. (“Restricted

stock” meets that definition if the restriction terminates

within one year.) The fair value of an equity security

traded only in a foreign market is readily determinable if

that foreign market is of a breadth and scope comparable

to one of the U.S. markets referred to above. The fair

value of an investment in a mutual fund (or in a structure

similar to a mutual fund, i.e., a limited partnership or a

venture capital entity) is readily determinable if the fair

value per share (unit) is determined and published and is

the basis for current transactions.

Investments in mutual funds and other equity securities

with readily determinable fair values may have been

purchased by the reporting holding company or acquired

for debts previously contracted.

The fair value of pledged equity securities with readily

determinable fair values not held for trading reported in

Schedule HC, item 2.c should be included in the amount

reported in Schedule HC-B, Memorandum item 1.

Include in this item common stock and perpetual preferred stock of the Federal National Mortgage Association (Fannie Mae), common stock and perpetual preferred stock of the Federal Home Loan Mortgage

Corporation (Freddie Mac), Class A voting and Class C

non-voting common stock of the Federal Agricultural

Mortgage Corporation (Farmer Mac), and common and

preferred stock of SLM Corporation (the private-sector

successor to the Student Loan Marketing Association).

Schedule HC

HC-4 FR Y-9C

Schedule HC March 2021
The fair value of pledged equity securities with readily

determinable fair values not held for trading reported in

Schedule HC, item 2.c should be included in the amount

reported in Schedule HC-B, Memorandum item 1.

Exclude from equity securities with readily determinable

fair values not held for trading:

(1) Paid-in stock of a Federal Reserve Bank (report as an

equity investment without a readily determinable fair

value in Schedule HC-F, item 4).

(2) Stock of a Federal Home Loan Bank (report as an

equity investment without a readily determinable fair

value in Schedule HC-F, item 4).

(3) Common and preferred stocks that do not have

readily determinable fair values, such as stock of

bankers’ banks and Class B voting common stock of

the Federal Agricultural Mortgage Corporation

(Farmer Mac) (report in Schedule HC-F, item 4).

(4) Preferred stock that by its terms either must be

redeemed by the issuing enterprise or is redeemable

at the option of the investor (i.e., redeemable or

limited-life preferred stock), including trust preferred

securities subject to mandatory redemption (report

such preferred stock as an other debt security in

Schedule HC-B, item 6).

(5) “Restricted stock,” i.e., equity securities for which

sale is restricted by governmental or contractual

requirement (other than in connection with being

pledged as collateral), except if that requirement

terminates within one year or if the holder has the

power by contract or otherwise to cause the requirement to be met within one year (if the restriction does

not terminate within one year, report “restricted

stock” as an equity investment without a readily

determinable fair value in Schedule HC-F, item 4).

(6) Participation certificates issued by a Federal Intermediate Credit Bank, which represent nonvoting stock

in the bank (report as an equity investment without a

readily determinable fair value in Schedule HC-F,

item 4).

(7) Minority interests held by the reporting institution in

any companies not meeting the definition of associated company (report as equity investments without

readily determinable fair values in Schedule HC-F,

item 4), except minority holdings that indirectly

represent bank premises (report in Schedule HC,

item 6) or other real estate owned (report in Schedule

HC, item 7), provided that the fair value of any

capital stock representing the minority interest is not

readily determinable. (See the Glossary entry for

“Subsidiaries” for the definition of associated company.)

(8) Equity holdings in those corporate joint ventures

over which the reporting institution does not exercise

significant influence (report as equity investments

without readily determinable fair value in Schedule

HC-F, item 4), except equity holdings that indirectly

represent bank premises (report in Schedule HC,

item 6) or other real estate owned (report in Schedule

HC, item 7). (See the Glossary entry for “subsidiaries” for the definition of corporate joint venture.)

(9) Holdings of capital stock of and investments in

unconsolidated subsidiaries, associated companies,

and those corporate joint ventures over which the

reporting bank exercises significant influence (report

in Schedule HC, item 8, “Investments in unconsolidated subsidiaries and associated companies”).

Line Item 3 Federal funds sold and securities

purchased under agreements to resell.

Line Item 3(a) Federal funds sold in domestic

offices.

Report the outstanding amount of federal funds sold,

i.e., immediately available funds lent (in domestic offices)

under agreements or contracts that have an original

maturity of one business day or roll over under a

continuing contract, excluding such funds lent in the

form of securities purchased under agreements to resell

(which should be reported in Schedule HC, item 3(b))

and overnight lending for commercial and industrial

purposes (which generally should be reported in Schedule HC, item 4(b)). Transactions that are to be reported as

federal funds sold may be secured or unsecured or may

involve an agreement to resell loans or other instruments

that are not securities.

Immediately available funds are funds that the purchasing holding company can either use or dispose of on the

same business day that the transaction giving rise to the

receipt or disposal of the funds is executed. A continuing

contract, regardless of the terminology used, is an agreement that remains in effect for more than one business

day, but has no specified maturity and does not require

advance notice of the lender or the borrower to terminate.

Schedule HC

FR Y-9C HC-5

Schedule HC March 2018
Report federal funds sold on a gross basis, i.e., do not net

them against federal funds purchased, except to the

extent permitted under ASC Subtopic 210-20, Balance

Sheet – Offsetting (formerly FASB Interpretation No. 39,

Offsetting of Amounts Related to Certain Contracts).

Also exclude from federal funds sold

(1) Sales of so-called ‘‘term federal funds’’ (as defined in

the Glossary entry for ‘‘federal funds transactions’’)

(report in Schedule HC, item 4(b), ‘‘Loans and

leases, held for investment’’).

(2) Securities resale agreements that have an original

maturity of one business day or roll over under a

continuing contract, if the agreement requires the

holding company to resell the identical security

purchased or a security that meets the definition of

substantially the same in the case of a dollar roll

(report in Schedule HC, item 3(b), ‘‘Securities purchased under agreements to resell’’).

(3) Deposit balances due from a Federal Home Loan

Bank (report as balances due from depository institutions in Schedule HC, item 1(a) or 1(b), as

appropriate).

(4) Lending transactions in foreign offices involving

immediately available funds with an original maturity of one business day or under a continuing

contract that are not securities resale agreements

(report in Schedule HC, item 4(b), ‘‘Loans and

leases, held for investment’’).

For further information, see the Glossary entry for ‘‘federal funds transactions.’’

Line Item 3(b) Securities purchased under

agreements to resell.

Report the outstanding amount of

(1) Securities resale agreements, regardless of maturity,

if the agreement requires the holding company to

resell the identical security purchased or a security

that meets the definition of substantially the same in

the case of a dollar roll.

(2) Purchases of participations in pools of securities,

regardless of maturity.

Except as noted below, report securities purchased under

agreements to resell on a gross basis, i.e., do not net them

against securities sold under agreements to repurchase,

except to the extent permitted under ASC Subtopic

210-20, Balance Sheet – Offsetting (formerly FASB

Interpretation No. 41, Offsetting of Amounts Related to

Certain Repurchase and Reverse Repurchase Agreements). Include the fair value of securities purchased

under agreement to resell that are accounted for at fair

value under a fair value option.

Holding companies that have adopted ASU 2016-13,

which governs the accounting for credit losses, report the

amount in this line item net of any applicable allowance

for credit losses.

Exclude from this item

(1) Resale agreements involving assets other than securities (report in Schedule HC, item 3(a), ‘‘Federal

funds sold,’’ or item 4(b), ‘‘Loans and leases, held for

investment,’’ as appropriate, depending on the maturity and office location of the transaction).

(2) Due bills representing purchases of securities or

other assets by the reporting holding company that

have not yet been delivered and similar instruments,

whether collateralized or uncollateralized (report in

Schedule HC, item 4(b)). See the Glossary entry for

‘‘due bills.’’

(3) So-called yield maintenance dollar repurchase agreements (see the Glossary entry for ‘‘repurchase/resale

agreements’’).

For further information, see the Glossary entry for

‘‘repurchase/resale agreements.’’

Line Item 4 Loans and lease financing receivables.

Report in the appropriate subitem loans and leases held

for sale and loans and leases that the reporting holding

company has the intent and ability to hold for the

foreseeable future or until maturity or payoff, i.e., held

for investment.

Line Item 4(a) Loans and leases held for sale.

Report the amount of loans and leases held for sale.

Loans and leases held for sale should be reported at the

lower of cost or fair value except for those loans held for

sale that the holding company has elected to account for

at fair value under a fair value option, which should be

reported in this item at fair value. For loan and leases

held for sale that are reported at the lower of cost or fair

value, the amount by which cost exceeds fair value, if

Schedule HC

HC-6 FR Y-9C

Schedule HC March 2019
any, shall be accounted for as a valuation allowance

within this item.

For holding companies that have not adopted ASU

2016-13, which governs the accounting for credit losses,

no allowance for loan and lease losses should be included

in Schedule HC, item 4.c, for loans and leases held for

sale. All loans and leases reported in this item must also

be reported by loan category in Schedule HC-C.

For holding companies that have adopted ASU 2016-13,

no allowances for credit losses should be included in

Schedule HC , item 4.c, for loans and leases held for sale.

Line Item 4(b) Loans and leases, held for

investment.

Report the amount of loans and leases that the reporting

bank has the intent and ability to hold for the foreseeable

future or until maturity or payoff, i.e., loans held for

investment. Include loans held for investment that the

bank has elected to account for at fair value under a fair

value option, which should be reported in this item at fair

value. All loans and leases reported in this item must also

be reported by loan category in Schedule HC-C.

Line Item 4(c) LESS: Allowance for loan and lease

losses.

For holding companies that have not adopted FASB

Accounting Standards Update No. 2016-13 (ASU 2016-

13), which governs the accounting for credit losses,

report the allowance for loan and lease losses as determined in accordance with generally accepted accounting

principles (GAAP) (and described in the Glossary entry

for “Allowance for Loan and Lease Losses”). For holding companies that have adopted ASU 2016-13, report

the allowance for credit losses on loans and leases as

determined in accordance with instructions in the Glossary entry for “Allowance for Credit Losses.” For further

information, see the Glossary entry for “Allowance for

Credit Losses.” Also include in this item any allocated

transfer risk reserve related to loans and leases held for

investment that the reporting holding company is required

to establish and maintain as specified in Section 905(a) of

the International Lending Supervision Act of 1983, in the

agency regulations implementing the Act (Subpart D of

Federal Reserve Regulation K), and in any guidelines, or

instructions issued by the Federal Reserve. This item

must equal Schedule HI-B, part II, item 7, column A.

Line Item 4(d) Loans and leases, held for

investment net of allowance for loan and lease

losses.

Report the amount derived by subtracting item 4(c) from

item 4(b).

Line Item 5 Trading assets.

Trading activities typically include (a) regularly underwriting or dealing in securities; interest rate, foreign

exchange rate, commodity, equity, and credit derivative

contracts; other financial instruments; and other assets for

resale; (b) acquiring or taking positions in such items

principally for the purpose of selling in the near term or

otherwise with the intent to resell in order to profit from

short-term price movements; or (c) acquiring or taking

positions in such items as an accommodation to customers, provided that acquiring or taking such positions

meets the definition of ′′trading′′ in ASC Topic 320,

Investments-Debt Securities, and ASC Topic 815, Derivatives and Hedging, and the definition of ′′trading purposes′′ in ASC Topic 815. Assets and other financial

instruments held for trading shall be consistently valued

at fair value as defined by ASC Topic 820, Fair Value

Measurement.

For purposes of the FR Y-9C report, all debt securities

within the scope of ASC Topic 320, Investment-Debt

Securities that a holding company has elected to report at

fair value under a fair value option with changes in fair

value reported in current earnings should be classified as

trading securities. In addition, for purposes of this report,

holding companies may classify assets (other than debt

securities within the scope of ASC Topic 320 for which a

fair value option is elected) as trading if the holding

company applies fair value accounting, with changes in

fair value reported in current earnings, and manages

these assets as trading positions, subject to the controls

and applicable regulatory guidance related to trading

activities. For example, a holding company would generally not classify a loan to which it has applied the fair

value option as a trading asset unless the holding company holds the loan, which it manages as a trading

position, for one of the following purposes: (1) for

market making activities, including such activities as

accumulating loans for sale or securitization; (2) to

benefit from actual or expected price movements; or (3)

to lock in arbitrage profits.

Schedule HC

FR Y-9C HC-7

Schedule HC December 2020
Do not include in this item the carrying value of any

available-for-sale securities, any loans that are held for

sale (and are not classified as trading in accordance with

the preceding instruction), and any leases that are held for

sale. Available-for-sale debt securities are reported in

Schedule HC, item 2(b), and in Schedule HC-B, columns

C and D. Loans (not classified as trading) and leases held

for sale should be reported in Schedule HC, item 4(a),

“Loans and leases held for sale,” and in Schedule HC-C.

Trading assets also include derivatives with a positive

fair value resulting from the “marking to market” of

interest rate, foreign exchange rate, commodity, equity,

and credit derivative contracts held for trading purposes

as of the report date. Derivative contracts with the same

counterparty that have positive fair values and negative

fair values and meet the criteria for a valid right of setoff

contained in ASC Subtopic 210-20, Balance Sheet –

Offsetting (e.g., those contracts subject to a qualifying

master netting agreement) may be reported on a net basis

using this item and Schedule HC, item 15, “Trading

liabilities,” as appropriate. (See the Glossary entry for

“offsetting.”)

For those holding companies that must complete Schedule HC-D, this item must equal Schedule HC-D, item 12,

‘‘Total trading assets,’’ and Schedule HC-Q, item 2,

column A.

Line Item 6 Premises and fixed assets.

Report on consolidated basis book value, less accumulated depreciation or amortization and any impairment

losses, of all premises, equipment, furniture, and fixtures

purchased directly or acquired by means of a capital lease

accounted for in accordance with ASC Topic 840, Leases,

or in the form of a right-of-use (ROU) asset accounted

for in accordance with ASC Topic 842, Leases, as

applicable. The method of depreciation or amortization

should conform to generally accepted accounting principles.

Do not deduct mortgages or other liens on such property

(report in Schedule HC, item 16, ‘‘Other borrowed

money’’).

Include the following as premises and fixed assets

(1) Premises that are actually owned and occupied (or to

be occupied, if under construction) by the holding

company, its consolidated subsidiaries, or their

branches.

(2) Leasehold improvements, vaults, and fixed machinery and equipment.

(3) Capitalized remodeling costs to existing premises.

(4) Real estate acquired and intended to be used for

future expansion.

(5) Parking lots that are used by customers or employees

of the holding company, its consolidated subsidiaries, and their branches.

(6) Furniture, fixtures, and movable equipment of the

holding company, its consolidated subsidiaries, and

their branches.

(7) Automobiles, airplanes, and other vehicles owned by

the holding company or its consolidated subsidiaries

and used in the conduct of its business.

(8) For a lessee institution that has not adopted ASC

Topic 842, the amount of capital lease property, and

for a lessee institution that has adopted ASC

Topic 842, the amount of ROU assets that represents

premises, equipment, furniture, and fixtures.

In general, under ASC Topic 842 for an institution as

lessee, the ROU asset for a finance lease should be

reported at cost less any accumulated amortization

and any accumulated impairment losses; the ROU

asset for an operating lease (not previously impaired)

should be reported at the book value of the related

lease liability adjusted for the remaining balance of

any lease incentives received, any prepaid or accrued

lease payments, any unamortized initial direct costs,

and any current period impairment. After an ROU

asset for an operating lease is impaired, it should be

reported at its carrying amount immediately after the

impairment less any accumulated amortization. See

the discussion of accounting by an institution as

lessee in the Glossary entry for “lease accounting.”

(9) (a) Stocks and bonds issued by nonmajority-owned

corporations and

(b) Investments in limited partnerships or limited

liability companies (other than investments so

minor that the institution has virtually no influence over the partnership or company) whose

principal activity is the ownership of land, buildings, equipment, furniture, or fixtures occupied

or used (or to be occupied or used) by the

holding company or its consolidated subsidiaries. Report such stocks and investments at

Schedule HC

HC-8 FR Y-9C

Schedule HC December 2020
(i) fair value or (ii) if chosen by the reporting

holding company for an equity investment that

does not have a readily determinable fair value,

at cost minus impairment, if any, plus or minus

changes resulting from observable price changes

in orderly transactions for the identical or a

similar investment of the same issuer.

Property formerly but no longer used for banking or

nonbanking activities may be reported in this item as

‘‘Premises and fixed assets’’ or in item 7, ‘‘Other real

estate owned.’’

Exclude from premises and fixed assets

(1) Original paintings, antiques, and similar valuable

objects (report in item 11, ‘‘Other assets’’);

(2) Favorable leasehold rights (report in Schedule HC-M

item 12(c) “All other identifiable intangible assets”);

and

(3) Loans and advances, whether secured or unsecured,

to individuals, partnerships, and nonmajority-owned

corporations for the purpose of purchasing or holding

land, buildings, or fixtures occupied or used (or to be

occupied or used) by the holding company, its consolidated subsidiaries, or their branches (report in

item 4(b) ‘‘Loans and leases, held for investment’’).

Line Item 7 Other real estate owned.

Report the total amount of other real estate owned from

Schedule HC-M, item 13. For further information on

other real estate owned, see the instructions to Schedule HC-M, item 13, and the Glossary entry for ‘‘foreclosed assets.’’

Line Item 8 Investments in unconsolidated

subsidiaries and associated companies.

Report the amount of the holding company’s investments

in the stock of all subsidiaries that have not been

consolidated, associated companies, corporate joint ventures, unincorporated joint ventures, and general partnerships over which the holding company exercises significant influence; and noncontrolling investments in certain

limited partnerships and limited liability companies

(described in the Glossary entry for ‘‘equity method of

accounting’’), excluding those that represent direct and

indirect investments in real estate venture (which are to

be reported in Schedule HC, item 9). The entities in

which these investments have been made are collectively

referred to as ‘‘investees.’’ Special purpose entities issuing trust preferred securities that a holding company

deconsolidates under GAAP generally are considered

unconsolidated subsidiaries for regulatory reporting and

other regulatory purposes. Include such investments in

unconsolidated special purpose entities that issue trust

preferred securities. Also include loans and advances to

investees and holdings of their bonds, notes, and debentures.

Investments in the common stock of investees shall be

reported using the equity method of accounting in accordance with GAAP. Under the equity method, the carrying

value of the holding company’s investment in the common stock of an investee is originally recorded at cost but

is adjusted periodically to record as income the holding

company’s proportionate share of the investee’s earnings

or losses and decreased by the amount of any cash

dividends received from the investee and amortization of

goodwill.

For purposes of this report, the date through which the

carrying value of the holding company’s investment in an

investee has been adjusted should, to the extent practicable, match the report date of the FR Y-9C, but in no

case differ by more than 93 days from the report date.

Unconsolidated subsidiaries include all subsidiaries of

the reporting holding company that are 50 percent or less

owned (i.e., less than majority-owned) by the reporting

holding company or, for some reason under GAAP, are

not consolidated on the reporting holding company’s

consolidated financial statements. Refer to the General

Instructions section of this book for a more detailed

discussion of consolidation. See also the Glossary entry

for ‘‘subsidiaries’’ for definitions of subsidiary, associated companies, and joint ventures.

Line Item 9 Direct and indirect investments in

real estate ventures.

Report the amount of the holding company’s direct and

indirect investments in real estate ventures.

Exclude real estate acquired in any manner for debts

previously contracted, including, but not limited to, real

estate acquired through foreclosure or acquired by deed

in lieu of foreclosure, and equity holdings that indirectly

represent such real estate (report in Schedule HC-M, item

13, ‘‘Other real estate owned’’). Include as direct and

indirect investments in real estate ventures:

Schedule HC

FR Y-9C HC-9

Schedule HC June 2018
(1) Any real estate acquired, directly or indirectly, by the

holding company or a consolidated subsidiary and

held for development, resale, or other investment

purposes. (Do not include real estate acquired in any

manner for debts previously contracted, including,

but not limited to, real estate acquired through foreclosure or acquired by deed in lieu of foreclosure.

Report such real estate in Schedule HC-M, item 13.)

(2) Real estate acquisition, development, or construction

(ADC) arrangements which are accounted for as

direct investments in real estate or real estate joint

ventures in accordance with ASC Subtopic 310-10,

Receivables – Overall (formerly AICPA Practice

Bulletin 1, Appendix, Exhibit I, ADC Arrangements).

(3) Real estate acquired and held for investment by the

holding company or a consolidated subsidiary that

has been sold under contract and accounted for under

the deposit method of accounting in accordance with

ASC Subtopic 360-20, Property, Plant, and Equipment – Real Estate Sales (formerly FASB Statement

No. 66, Accounting for Sales of Real Estate). Under

this method, the seller does not record notes receivable, but continues to report the real estate and any

related existing debt on its balance sheet. The deposit

method is used when a sale has not been consummated and is commonly used when recovery of the

carrying value of the property is not reasonably

assured. If the full accrual, installment, cost recovery,

reduced profit, or percentage-of-completion method

of accounting under ASC Subtopic 360-20 is being

used to account for the sale, the receivable resulting

from the sale of the real estate should be reported as a

loan in Schedule HC-C and any gain on the sale

should be recognized in accordance with ASC Subtopic 360-20.

(4) Any other loans secured by real estate and advanced

for real estate acquisition, development, or investment purposes if the reporting holding company in

substance has virtually the same risks and potential

rewards as an investor in the borrower’s real estate

venture.

(5) Investments in subsidiaries that have not been consolidated; associated companies; corporate joint ventures, unincorporated joint ventures, and general

partnerships over which the holding company exercises significant influence; and noncontrolling investments in certain limited partnerships and limited

liability companies (described in the Glossary entry

for ‘‘equity method of accounting’’) that are primarily engaged in the holding of real estate for development, resale, or other investment purposes. The

entities in which these investments have been made

are collectively referred to as ‘‘investees.’’ Investments by the holding company in these investees

may be in the form of common or preferred stock,

partnership interests, loans or other advances, bonds,

notes, or debentures. Such investments shall be

reported using the equity method of accounting. For

further information on the equity method, see the

instruction to Schedule HC, item 8, above.

(6) Investments in corporate joint ventures, unincorporated joint ventures, and general partnerships over

which the holding company does not exercise significant influence and investments in limited partnerships and limited liability companies that are so

minor that the holding company has virtually no

influence over the partnership or company, where the

entity in which the investment has been made is

primarily engaged in the holding of real estate for

development, resale, or other investment purposes.

Report such investments at (i) fair value or (ii) if

chosen by the reporting holding company for an

equity investment that does not have a readily determinable fair value, at cost minus impairment, if any,

plus or minus changes resulting from observable

price changes in orderly transactions for the identical

or a similar investment of the same issuer.

Line Item 10 Intangible assets.

Report the total amount of intangible assets from Schedule HC-M, item 12(d).

Line Item 11 Other assets.

Report the total amount of other assets from Schedule HC-F, line item 7. For further information, see the

instructions for Schedule HC-F, line items 1 through 6.

Line Item 12 Total assets.

Report the sum of items 1 through 11. This item must

equal item 29, ‘‘Total liabilities and equity capital.’’

Liabilities

Line Item 13 Deposits.

(For a discussion of noninterest-bearing and interestbearing deposits, see the Glossary entry for ‘‘deposits.’’)

Schedule HC

HC-10 FR Y-9C

Schedule HC June 2015
Line Item 13(a) In domestic offices.

Report the total of all deposits that are booked at

domestic offices of depository institutions that are consolidated subsidiaries of the reporting holding company.

This item must equal the sum of Schedule HC-E,

items 1(a) through 1(e) and 2(a) through 2(e).

Line Item 13(a)(1) Noninterest-bearing.

Report the total of all noninterest-bearing deposits in

domestic offices of depository institutions that are consolidated subsidiaries of the reporting holding company

included in Schedule HC-E, Deposit Liabilities.

Noninterest-bearing deposits include noninterest-bearing

demand, time, and savings deposits.

Line Item 13(a)(2) Interest-bearing.

Report the total of all interest-bearing deposits in domestic offices of depository institutions that are consolidated

subsidiaries of the reporting holding company included

in Schedule HC-E, Deposit Liabilities. Include interestbearing demand deposits.

Line Item 13(b) In foreign offices, Edge and

Agreement subsidiaries, and IBFs.

NOTE: This item is to be reported only by holding

companies that have foreign offices or Edge or Agreement subsidiaries or whose consolidated subsidiaries

have foreign offices, Edge or Agreement subsidiaries, or

International Banking Facilities.

Report the total of all deposits booked at foreign offices

of depository institutions that are consolidated subsidiaries of the reporting holding company, their Edge and

Agreement subsidiaries, and their IBFs.

Line Item 13(b)(1) Noninterest-bearing.

Report the total of all noninterest-bearing deposits in

foreign offices of depository institutions that are consolidated subsidiaries of the reporting holding company.

Line Item 13(b)(2) Interest-bearing.

Report the total of all interest-bearing deposits in foreign

offices of depository institutions that are consolidated

subsidiaries of the reporting holding company.

Line Item 14 Federal funds purchased and

securities sold under agreements to repurchase.

Line Item 14(a) Federal funds purchased in

domestic offices.

Report the outstanding amount of federal funds purchased, i.e., immediately available funds borrowed (in

domestic offices) under agreements or contracts that have

an original maturity of one business day or roll over under

a continuing contract, excluding such funds borrowed in

the form of securities sold under agreements to repurchase

(which should be reported in Schedule HC, item 14(b))

and Federal Home Loan Bank advances (which should be

reported in Schedule HC, item 16). Transactions that are

to be reported as federal funds purchased may be secured

or unsecured or may involve an agreement to repurchase

loans or other instruments that are not securities.

Immediately available funds are funds that the purchasing institution can either use or dispose of on the same

business day that the transaction giving rise to the receipt

or disposal of the funds is executed. A continuing

contract, regardless of the terminology used, is an agreement that remains in effect for more than one business

day, but has no specified maturity and does not require

advance notice of the lender or the borrower to terminate.

Report federal funds purchased on a gross basis, i.e., do

not net them against federal funds sold, except to the

extent permitted under ASC Subtopic 210-20, Balance

Sheet – Offsetting (formerly FASB Interpretation No. 39,

Offsetting of Amounts Related to Certain Contracts).

Also exclude from federal funds purchased

(1) Purchases of so-called ‘‘term federal funds’’ (as

defined in the Glossary entry for ‘‘federal funds

transactions’’) (report in Schedule HC, item 16,

‘‘Other borrowed money’’).

(2) Securities repurchase agreements that have an original maturity of one business day or roll over under a

continuing contract, if the agreement requires the

holding company to repurchase the identical security

sold or a security that meets the definition of substantially the same in the case of a dollar roll (report in

Schedule HC, item 14(b), ‘‘Securities sold under

agreements to repurchase’’).

(3) Borrowings from a Federal Home Loan Bank or a

Federal Reserve Bank (report those in the form of

Schedule HC

FR Y-9C HC-11

Schedule HC June 2018
securities repurchase agreements in Schedule HC,

item 14(b), and all other borrowings in Schedule HC,

item 16).

(4) Borrowing transactions in foreign offices involving

immediately available funds with an original maturity of one business day or under a continuing

contract that are not securities repurchase agreements

(report in Schedule HC, item 16).

For further information, see the Glossary entry for

‘‘federal funds transactions.’’

Line Item 14(b) Securities sold under agreements

to repurchase.

Report the outstanding amount of

(1) Securities repurchase agreements, regardless of

maturity, if the agreement requires the holding company to repurchase the identical security sold or a

security that meets the definition of substantially the

same in the case of a dollar roll.

(2) Sales of participations in pools of securities, regardless of maturity.

Report securities sold under agreements to repurchase

on a gross basis, i.e., do not net them against securities

purchased under agreements to resell, except to the

extent permitted under ASC Subtopic 210-20, Balance

Sheet – Offsetting (formerly FASB Interpretation No. 41

Offsetting of Amounts Related to Certain Repurchase and

Reverse Repurchase Agreements).

Exclude from this item

(1) Repurchase agreements involving assets other than

securities (report in Schedule HC, item 14(a), ‘‘Federal funds purchased,’’ or item 16, ‘‘Other borrowed

money,’’ as appropriate, depending on the maturity

and office location of the transaction).

(2) Borrowings from a Federal Home Loan Bank or a

Federal Reserve Bank other than in the form of

securities repurchase agreements (report in Schedule HC, item 16).

(3) Obligations under due bills that resulted when the

holding company sold securities or other assets and

received payment, but has not yet delivered the

assets, and similar obligations, whether collateralized

or uncollateralized (report in Schedule HC, item 16).

See the Glossary entry for ‘‘due bills.’’

(4) So-called yield maintenance dollar repurchase agreements (see the Glossary entry for ‘‘repurchase/resale

agreements’’).

For further information, see the Glossary entry for

‘‘repurchase/resale agreements.’’

Line Item 15 Trading liabilities.

Report the amount of liabilities from the reporting holding company’s trading activities. Trading liabilities shall

be consistently valued at fair value as defined by ASC

Topic 820, Fair Value Measurement (formerly FASB

Statement No. 157, ‘‘Fair Value Measurements’’).

Include liabilities resulting from the sales of assets that

the reporting holding company does not own (see Glossary entry for ‘‘short position’’) and revaluation losses

from ‘‘marking to market’’ derivative contracts into

which the reporting holding company has entered for

trading, dealer, customer accommodation, and similar

purposes.

In addition, for purposes of this report, holding companies may classify liabilities as trading if the holding

company applies fair value accounting, with changes in

fair value reported in current earnings, and manages

these assets as trading positions, subject to the controls

and applicable regulatory guidance related to trading

activities. For holding companies that must complete

Schedule HC-D, “Trading Assets and Liabilities,” the

amount reported in this item must equal Schedule HC-D,

item 15, and Schedule HC-Q, item 5, column A.

Line Item 16 Other borrowed money.

Report the total amount of other borrowed money from

Schedule HC-M, line item 14(d). For further information

on other borrowed money, see the instructions to Schedule HC-M, line items 14(a) through 14(c).

Line Item 17 Not applicable.

Line Item 18 Not applicable.

Line Item 19(a) Subordinated notes and

debentures.

Report the amount of subordinated debt of the consolidated holding company. Include the amount of outstanding notes and debentures that are subordinated to the

deposits of the subsidiary depository institutions (see the

Glossary entry for ‘‘subordinated notes and debentures’’)

Schedule HC

HC-12 FR Y-9C

Schedule HC June 2015
and any other debt that is designated as subordinated in

its indenture agreement.

Include in this line item the total amount of outstanding

equity contract notes and equity commitment notes that

qualify as capital, as defined by the Federal Reserve

Board’s capital adequacy guidelines, 12 C.F.R., Part 225,

Appendix B.

Also include perpetual debt securities that are subordinated.

For purposes of this item, report the amount of any

outstanding limited-life preferred stock including any

amounts received in excess of its par or stated value. (See

the Glossary entry for ‘‘preferred stock’’ for the definition of limited-life preferred stock.)

For purposes of this report, do not include instruments

generally referred to as trust preferred securities in this

item. Such securities of consolidated special purpose

entities should be reported in line item 19(b), ‘‘Subordinated notes payable to unconsolidated trusts issuing trust

preferred securities, and trust preferred securities issued

by consolidated special purpose entities.’’

Also do not include reportable notes payable to unconsolidated special purpose entities that issue trust preferred securities. Report such notes payable in line item

19(b).

Line Item 19(b) Subordinated notes payable to

unconsolidated trusts issuing trust preferred

securities, and trust preferred securities issued by

consolidated special purpose entities.

Report the amount of subordinated notes payable to

unconsolidated special purpose entities (trusts) that issue

trust preferred securities. If the holding company consolidates special purpose entities that issue trust preferred

securities, report the amount of the trust preferred securities issued by the special purpose entity. For further

information, see the glossary entry for ‘‘Trust preferred

securities issued.’’

Line Item 20 Other liabilities.

Report the total amount of other liabilities from Schedule HC-G, line item 5. For further information see the

instructions for Schedule HC-G, line items 2 through 4.

Line Item 21 Total liabilities.

Report the sum of items 13 through 20.

Line Item 22 Not applicable.

Equity Capital

Line Item 23 Perpetual preferred stock and

related surplus.

Report the amount of perpetual preferred stock issued,

including any amounts received in excess of its par

or stated value. (See the Glossary entry for ‘‘preferred

stock’’ for the definition of perpetual preferred stock.)

Line Item 24 Common stock (par value).

Report the aggregate par or stated value of common stock

issued.

Line Item 25 Surplus (exclude all surplus related

to preferred stock).

Report the net amount formally transferred to the surplus

account, including capital contributions, and any amount

received for common stock in excess of its par or stated

value on or before the report date.

Do not include any portion of the proceeds received from

the sale of limited-life preferred stock in excess of its par

or stated value (report in Schedule HC, item 19(a)) or any

portion of the proceeds received from the sale of perpetual preferred stock in excess of its par or stated value

(report in Schedule HC, item 23).

Line Item 26(a) Retained earnings.

Report the amount of retained earnings (including capital reserves) as of the report date. The amount of the

retained earnings should reflect the transfer of net

income, declaration of dividends, transfers to surplus,

and any other appropriate entries.

Adjustments of accruals and other accounting estimates

made shortly after the report date that relate to the

income and expenses of the year-to-date period ended as

of the report date must be reported in the appropriate

items of Schedule HI, Income Statement, for that year-todate period.

Capital reserves are segregations of retained earnings and

are not to be reported as liability accounts or as reductions of asset balances. Capital reserves may be established for such purposes as follows:

(1) Reserve for undeclared stock dividends—includes

amounts set aside to provide for stock dividends (not

cash dividends) not yet declared.

Schedule HC

FR Y-9C HC-13

Schedule HC June 2015
(2) Reserve for undeclared cash dividends—includes

amounts set aside for cash dividends on common and

preferred stock not yet declared. (Cash dividends

declared but not yet payable should be included in

item 20, ‘‘Other liabilities,’’ of this schedule.)

(3) Retirement account (for limited-life preferred stock

or notes and debentures subordinated to deposits)—

includes amounts allocated under the plan for retirement of limited-life preferred stock or notes and

debentures subordinated to deposits contained in the

holding company’s articles of association or in the

agreement under which such stock or notes and

debentures were issued.

(4) Reserve for contingencies includes amounts set aside

for possible unforeseen or indeterminate liabilities

not otherwise reflected on the holding company’s

books and not covered by insurance. This reserve

may include, for example, reserves set up to provide

for possible losses that holding company may sustain

because of lawsuits, the deductible amount under the

holding company’s blanket bond, defaults on obligations for which the holding company is contingently

liable, or other claims against the holding company.

A reserve for contingencies represents a segregation

of retained earnings. It should not include any element of known losses or of any probable losses the

amount of which can be estimated with reasonable

accuracy (see the Glossary entry for ‘‘loss contingencies’’ for additional information).

Exclude the following from retained earnings:

(1) The amount of the cumulative foreign currency translation adjustment (report in item 26(b)).

(2) Any portion of the proceeds received from the sale of

perpetual preferred stock and common stock in

excess of its par or stated value (report surplus

related to perpetual preferred stock in item 23 and

surplus related to common stock in item 25 except

where required by state law or regulation).

(3) Any portion of the proceeds received from the sale of

limited-life preferred stock in excess of its par or

stated value (report in Schedule HC, item 19(a)).

(4) ‘‘Reserves’’ that reduce the related asset balances

such as valuation allowances (e.g., allowance for

loan and lease losses, or for holding companies that

have adopted ASU 2016-13, which governs the

account for credit losses, the allowances for credit

losses), reserves for depreciation, and reserves for

bond premiums.

Line Item 26(b) Accumulated other comprehensive

income.

Report the accumulated balance of other comprehensive

income as of the report date in accordance with ASC

Subtopic 220-10, Comprehensive Income — Overall, net

of applicable income taxes, if any. “Other comprehensive

income” refers to revenues, expenses, gains, and losses

that under U.S. generally accepted accounting principles

are included in comprehensive income but excluded from

net income.

Items of accumulated other comprehensive income

include:

(1) Net unrealized holding gains (losses) on availablefor-sale debt securities (including debt securities

transferred into the available-for-sale category from

the held-to-maturity category), i.e., the difference

between the amortized cost and the fair value of the

reporting holding company’s available-for-sale debt

securities (excluding any available-for-sale debt securities previously written down as other-thantemporarily impaired or for holding companies that

have adopted ASU 2016-13 any allowances for credit

losses, excluding the portion of the difference consisting of an allowance for credit losses, if any).1 For

most institutions, all ‘‘debt securities,’’ as that term is

defined in ASC Topic 320, Investments-Debt Securities that are designated as ‘‘available-for-sale’’ will

be reported as ‘‘Available-for-sale debt securities’’ in

Schedule HC, item 2.b, and in Schedule HC, columns

C and D. However, an institution may have certain

1. For example, if the fair value of the reporting institution’s availablefor-sale debt securities exceeds the amortized cost of its available-for-sale

debt securities by $100,000 (and the institution has had no other transactions affecting the ’’net unrealized holding gains (losses)‘‘ account), the

amount to be included in Schedule HC, item 26.b, must be reduced by the

estimated amount of taxes using the institution’s applicable tax rate (federal, state and local). (See the Glossary entry for ’’income taxes‘‘ for a

discussion of ‘‘applicable tax rate.’’) If the institution’s applicable tax rate

(federal, state and local) is 25 percent and the tax basis of its available-forsale debt securities approximates their amortized cost, the institution

would include ‘‘net unrealized holding gains’’ of $75,000 in Schedule HC,

item 26.b. The institution would also have a deferred tax liability of

$25,000 that would enter into the determination of the amount of net

deferred tax assets or liabilities to be reported in Schedule HC, item 2, or

Schedule HC-G, item 2.

Schedule HC

HC-14 FR Y-9C

Schedule HC December 2020
assets that fall within the definition of ‘‘debt securities’’ in ASC Topic 320 (e.g., nonrated industrial

development obligations) that it has designated as

‘‘available-for-sale’’ and reports in a balance sheet

category other than ‘‘Securities’’ (e.g., ‘‘Loans and

lease financing receivables’’) for purposes of the

Report of Condition. These ‘‘available-for-sale’’

assets must be carried on the Holding company’s

balance sheet at fair value rather than amortized cost

and the difference between these two amounts, net of

tax effects, also must be included in this item.

(2) The unamortized balance of the unrealized holding

gain (loss) that existed at the date of transfer of a debt

security transferred into the held-to-maturity category from the available-for-sale category. Consistent

with ASC Topic 320, when a debt security is transferred from the available-for-sale category into the

held-to-maturity category, the (unrealized holding

gain (loss) at the date of transfer continues to be

reported in the accumulated other comprehensive

income account, but must be amortized over the

remaining life of the security as an adjustment of

yield in a manner consistent with the amortization of

any premium or discount.

(3) For institutions that have not adopted ASU 2016-13,

the unaccreted portion of other-than-temporary

impairment losses on available-for-sale and held-tomaturity debt securities that was not recognized in

earnings in accordance with ASC Topic 320, plus the

accumulated amount of subsequent decreases (if not

other than-temporary impairment losses) or increases

in the fair value of available-for-sale debt securities

previously written down as other-than-temporarily

impaired.

Holding companies that have adopted ASU 2016-13,

which governs the accounting for credit losses,

include the unaccreted portion of unrealized losses

on available-for-sale and held-to-maturity debt securities that was not recognized in earnings in accordance with ASC Topic 320, plus the accumulated

amount of subsequent increases or decreases (not

attributable to credit impairment) in the fair value of

available-for sale debt securities, or increases in the

fair value after a write-down that resulted from the

intent to sell or a more likely-than-not requirement to

sell.

(4) Accumulated net gains (losses) on derivative instruments that are designated and qualify as cash flow

hedges,2

i.e., the effective portion3 of the accumulated change in fair value (gain or loss) on derivative

instruments designated and qualifying as cash flow

hedges in accordance with ASC Topic 815, Derivatives and Hedging.

Under ASC Topic 815, an institution that elects to apply

hedge accounting must exclude from net income the

effective portion of the change in fair value of a derivative designated and qualifying as a cash flow hedge and

record it on the balance sheet in the accumulated other

comprehensive income component of equity capital. The

ineffective portion of the change in fair value of the

derivative designated and qualifying as a cash flow hedge

must be reported in earnings. The component of accumulated other comprehensive income associated with a

transaction hedged in a cash flow hedge should be

adjusted each reporting period to a balance that reflects

the lesser (in absolute amounts) of:

(a) The cumulative gain (loss) on the derivative from

inception of the hedge, less (i) amounts excluded

consistent with the institution’s defined risk management strategy and (ii) the derivative’s gains

(losses) previously reclassified from accumulated

other comprehensive income into earnings to

offset the hedged transaction, or

(b) The portion of the cumulative gain (loss) on the

derivative necessary to offset the cumulative

change in expected future cash flows on the

hedged transaction from inception of the hedge

less the derivative’s gains (losses) previously

reclassified from accumulated other comprehensive income into earnings.

2. Generally, the objective of a cash flow hedge is to link a derivative to

an existing recognized asset or liability or a forecasted transaction with

exposure to variability in expected future cash flows, e.g., the future

interest payments (receipts) on a variable-rate liability (asset) or a forecasted purchase (sale). The changes in cash flows of the derivative are

expected to offset changes in cash flows of the hedged item or transaction.

To achieve the matching of cash flows, ASC Topic 815 requires that the

effective portion of changes in the fair value of derivatives designated and

qualifying as cash flow hedges initially be reported in the accumulated

other comprehensive income component of equity capital and subsequently be reclassified into earnings in the same future period or periods

that the hedged transaction affects earnings .

3. The effective portion of a cash flow hedge can be described as the

change in fair value of the derivative that offsets the change in expected

future cash flows being hedged. Refer to ASC Topic 815, for further

information.

Schedule HC

FR Y-9C HC-15

Schedule HC December 2020
Accordingly, the amount reported in this item should

reflect the sum of the adjusted balance (as described

above) of the cumulative gain (loss) for each derivative

designated and qualifying as a cash flow hedge. These

amounts will be reclassified into earnings in the same

period or periods during which the hedged transaction

affects earnings (for example, when a hedged variablerate interest receipt on a loan is accrued or when a

forecasted sale occurs).

(5) Foreign currency translation adjustments and gains

(losses) on certain foreign currency transactions

accumulated in accordance with ASC Topic 830,

Foreign Currency Matters. See the Glossary entry for

‘‘foreign currency transactions and translation’’ for

further information.

(6) The accumulated amounts of gains (losses), transition assets or obligations, and prior service costs or

credits associated with single-employer defined benefit pension and other postretirement plans that have

not yet been recognized as components of net periodic benefit cost in accordance with ASC Topic 715,

Compensation-Retirement Benefits.

(7) The accumulated amount of net gains (losses) resulting from changes in fair value attributable to

instrument-specific credit risk (“own credit risk”) of

liabilities for which the fair value option for financial

instruments has been elected.

Line Item 26(c) Other equity capital components.

Report in this item as a negative amount the carrying

value of any treasury stock and any unearned Employee

Stock Ownership Plan (ESOP) shares, which under generally accepted accounting principles are reported in a

contra-equity account on the balance sheet. For further

information, see the Glossary entry for ‘‘treasury stock,’’

ASC Subtopic 718-40, Compensation-Stock Compensation – Employee Stock Ownership Plans (formerly

AICPA Statement of Position 93-6, Employers’ Accounting for Employee Stock Ownership Plans).

Report in this item as a negative amount notes receivable

that represent a capital contribution and are reported as a

deduction from equity capital in accordance with ASC

Subtopic 505-10, Equity - Overall (formerly EITF Issue

No. 85-1, ‘‘Classifying Notes Received for Capital

Stock’’) and SEC Staff Accounting Bulletin No. 107

(Topic 4.E., Receivables from Sale of Stock, in the

Codification of Staff Accounting Bulletins). Also report

in this item as a negative amount accrued interest receivable on such notes receivable that are reported as a

deduction from equity capital in accordance with ASC

Subtopic 505-10. Interest income accrued on such notes

receivable should not be reported as interest income in

Schedule HI, but as additional paid-in-capital in Schedule HC, item 23 or 25, as appropriate. For further

information, see the Glossary entry for ‘‘capital contributions of cash and notes receivable’’ and ASC Subtopic

505-10.

Line Item 27(a) Total holding company equity

capital.

Report the sum of items 23 through 26(c). This item must

equal HI-A, item 15, ‘‘Total holding company equity

capital end of current period.’’

Line Item 27(b) Noncontrolling (minority)

interests in consolidated subsidiaries.

Report the portion of the equity capital accounts of all

consolidated subsidiaries of the reporting holding company held by parties other than the parent holding

company. A noncontrolling interest, sometimes called a

minority interest, is the portion of equity in a subsidiary

not attributable, directly or indirectly, to the parent

holding company.

Line Item 28 Total equity capital.

Report the sum of items 27(a) and 27(b).

Line Item 29 Total liabilities and equity capital.

Report the sum of items 21 and 28. This item must equal

Schedule HC, item 12, ‘‘Total assets.’’

Memoranda

Line Item M1 Has the holding company engaged

in a full-scope independent external audit at any

time during the calendar year?

Enter a ‘‘1’’ for yes if the holding company has engaged

in a full-scope independent external audit (in which an

opinion is rendered on their financial statements) at any

time during the calendar year as of the December 31

report date. Also enter a ‘‘1’’ for yes if the holding

company has engaged or begun a full-scope independent

external audit by December 31 that has not yet concluded. Enter a ‘‘0’’ if the response to this question is no.

Schedule HC

HC-16 FR Y-9C

Schedule HC December 2020
If the response to this question is yes, the holding

company must complete all of Memoranda item 2 below.

If the response to this question is no, skip Memoranda

item 2.

Line Item M2 If the response to Memoranda

item 1 is yes, indicate below the name and address

of the holding company’s independent external

auditing firm, and the name and e-mail address of

the auditing firm’s engagement partner.

Report in memoranda item 2(a) the name and address

(city, U.S. Postal Service abbreviation for state, zip code)

of the holding company’s independent external auditing

firm. An independent auditing firm is a company that

provides full-scope auditing services to the holding company in which an opinion is rendered on their financial

statements. Holding companies that do not have a fullscope audit conducted of their financial statements do not

need to complete this item.

Report in memoranda item 2(b) the name and e-mail

address of the independent external auditing firm’s

engagement partner (partner in charge of the audit). This

contact information is for the confidential use of the

Federal Reserve and will not be released to the public.

Schedule HC

FR Y-9C HC-17

Schedule HC June 2015
LINE ITEM INSTRUCTIONS FOR

Securities

Schedule HC-B

General Instructions

This schedule has four columns for information on

securities: two columns for held-to-maturity securities

and two columns for available-for-sale securities.1 Report

the amortized cost and fair value of held-to-maturity

securities in columns A and B, respectively. Report the

amortized cost and fair value of available-for-sale debt

securities in columns C and D, respectively. Investments

in equity securities, including investment in mutual funds

with readily determinable fair values not held for trading

are no longer reported in HC-B. Institutions should report

the fair value of their holdings of equity securities with

readily determinable fair values not held for trading in

Schedule HC, item 2.c.

For institutions that have adopted FASB Accounting

Standards Update No. 2016-13 (ASU 2016-13), which

governs the accounting for credit losses, report the

amortized cost of held-to-maturity securities and

available-for-sale debt securities in columns A and C,

respectively, without any deduction for allowances for

credit losses on such securities.

Exclude from this schedule all securities held for trading

and debt securities the holding company has elected to

report at fair value under a fair value option even if

holding company management did not acquire the securities principally for the purpose of selling them in the

near term. Securities held for trading and debt securities

reported under a fair value option are to be reported in

Schedule HC, item 5, “Trading assets,” and, for certain

holding companies, in Schedule HC-D - Trading Assets

and Liabilities. Trading assets and debt securities reported

under a fair value option are also reported in Schedule

HC-Q - Financial Assets and Liabilities Measured at Fair

Value.

In general, amortized cost is the purchase price of a debt

security adjusted for amortization of premium or accretion of discount if the debt security was purchased at

other than par or face value. (See the Glossary entry for

“premiums and discounts.”) As defined in ASC Topic

820, Fair Value Measurements and Disclosures, fair

value is “the price that would be received to sell an asset

or paid to transfer a liability in an orderly transaction

between market participants at the measurement date.”

For further information, see the Glossary entry for “fair

value.”

The preferred method for reporting purchases and sales

of securities is as of trade date. However, settlement date

accounting is acceptable if the reported amounts would

not be materially different. (See the Glossary entry for

“trade date and settlement date accounting.”)

For purposes of this schedule, the following events and

transactions shall be treated in the following manner:

(1) Purchases of securities under agreements to resell

and sales of securities under agreements to

repurchase—These transactions are not to be treated

as purchases or sales of securities but as lending

or borrowing (i.e., financing) transactions collateralized by these securities if the agreements meet the

criteria for a borrowing as set forth in ASC Topic

860, Transfers and Servicings. For further information, see the Glossary entry for “transfers of financial

assets” and “repurchase/resale agreements.”

(2) Purchases and sales of participations in pools of

securities—Similarly, these transactions are not to be

treated as purchases or sales of the securities in the

1. Available-for-sale debt securities are generally reported in Schedule

HC-B, columns C and D. However, a holding company may have certain

assets that fall within the definition of ‘‘debt securities” in ASC Topic 320,

Investments-Debt and Equity Securities, (e.g., certain industrial development obligations) that the holding company has designated as “availablefor-sale” which are reported for purposes of the FR Y-9C report in a

balance sheet category other than “Securities” (e.g., “Loans and lease

financing receivables”).

FR Y-9C HC-B-1

Schedule HC-B December 2020
pool but as lending or borrowing (i.e., financing)

transactions collateralized by the pooled securities if

the participation agreements meet the criteria for a

borrowing set forth in ASC Topic 860. For further

information, see the Glossary entry for ‘‘transfers of

financial assets” and “repurchase/resale agreements.”

(3) Pledged securities—Pledge held-to-maturity and

available-for-sale debt securities that have not been

transferred to the secured party should continue to be

included in the pledging holding company’s holdings

of securities that are reported in Schedule HC-B. If

the reporting holding company has transferred

pledged securities to the secured party, the reporting

holding company should account for the pledged

securities in accordance with ASC Topic 860.

(4) Securities borrowed and lent—Securities borrowed

and lent shall be reported on the balance sheet

of either the borrowing or lending holding company

or its consolidated subsidiaries in accordance with

ASC Topic 860. For further information, see the

Glossary entries for “transfers of financial assets”

and “securities borrowing/lending transactions.

(5) Short sales of securities—Such transactions are to be

reported as described in the Glossary entry for ‘‘short

position.’’

(6) Futures, forward, and standby contracts—Such open

contracts to buy or sell in the future are to be reported

as derivatives in Schedule HC-L, item 11).

Line Item 1 U.S. Treasury securities.

Report in the appropriate columns the amortized cost and

fair value of all U.S. Treasury securities not held in

trading accounts. Include all bills, certificates of indebtedness, notes, and bonds, including those issued under

the Separate Trading of Registered Interest and Principal of Securities (STRIPS) program and those that are

‘‘inflation indexed.’’

Exclude all obligations of U.S. government agencies and

corporations. Also exclude detached Treasury security

coupons and ex-coupon Treasury securities held as the

result of either their purchase or the bank’s stripping of

such securities and Treasury receipts such as CATs,

TIGRs, COUGARs, LIONs, and ETRs (report in item 6).

(Refer to the Glossary entry for “coupon stripping” for

additional information.)

Line Item 2 U.S. government agency and

sponsored agency obligations.

Report in the appropriate columns the amortized cost and

fair value of all obligations of U.S. Government agencies

and U.S. Government-sponsored agencies (excluding

mortgage-backed securities) not held for trading.

Distinction between U.S. Government Agencies and U.S.

Government-sponsored Agencies — For purposes of

these reports, a U.S. Government agency is defined as an

instrumentality of the U.S. Government whose debt

obligations are fully and explicitly guaranteed as to the

timely payment of principal and interest by the full faith

and credit of the U.S. Government. In contrast, a U.S.

Government-sponsored agency is defined as an agency

originally established or chartered by the U.S. Government to serve public purposes specified by the U.S.

Congress but whose debt obligations are not explicitly

guaranteed by the full faith and credit of the U.S.

Government.

Include, among others, debt securities (but not mortgagebacked securities) of the following U.S. government

agencies:

(1) Export–Import Bank (Ex-Im Bank)

(2) Federal Housing Administration (FHA)

(3) Government National Mortgage Association

(GNMA)

(4) Maritime Administration

(5) Small Business Administration (SBA)

Include such obligations as:

(1) Small Business Administration (SBA) ‘‘Guaranteed

Loan Pool Certificates,’’ which represent an undivided interest in a pool of SBA-guaranteed portion of

loans for which the SBA has further guaranteed the

timely payment of scheduled principal and interest

payments. (Exclude SBA ‘‘Guaranteed Interest Certificates,’’ which represent a beneficial interest in the

entire SBA-guaranteed portion of an individual loan.

SBA ‘‘Guaranteed Interest Certificates’’ should be

reported as loans in Schedule HC-C, or, if held for

trading, in Schedule HC, item 5.)

(2) Participation certificates issued by the Export–Import

Bank and the General Services Administration.

Schedule HC-B

HC-B-2 FR Y-9C

Schedule HC-B December 2020
(3) Notes issued by the Farmers Home Administration

(FmHA) and instruments (certificates of beneficial

ownership and insured note insurance contracts) representing an interest in FmHA-insured notes.

Include, among others, debt securities (but not mortgagebacked securities) of the following U.S. governmentsponsored agencies:

(1) Federal Agricultural Mortgage Corporation

(Farmer Mac)

(2) Federal Farm Credit Banks

(3) Federal Home Loan Banks (FHLBs)

(4) Federal Home Loan Mortgage Corporation

(FHLMC or Freddie Mac)

(5) Federal Land Banks (FLBs)

(6) Federal National Mortgage Association (FNMA or

Fannie Mae)

(7) Financing Corporation (FICO)

(8) Resolution Funding Corporation (REFCORP)

(9) Student Loan Marketing Association (SLMA or

Sallie Mae)

(10) Tennessee Valley Authority (TVA)

(11) U.S. Postal Service

Exclude from U.S. Government agency and sponsored

agency obligations:

(1) Loans to the Export-Import Bank and to federallysponsored lending agencies (report in “Other loans,”

Schedule HC-C, item 9). Refer to the Glossary

entry for “federally-sponsored lending agency” for

the definition of this term.

(2) All holdings of U.S. Government-issued or

-guaranteed mortgage pass-through securities

(report in Schedule HC-B, item 4.a.(1), 4.a.(2), or

4.c.(1)(a), below, as appropriate).

(3) Collateralized mortgage obligations (CMOs), real

estate mortgage investments conduits (REMICs),

CMO and REMIC residuals, and stripped mortgagebacked securities (such as interest-only strips (IOs),

principal-only strips (POs), and similar instruments) issued by U.S. Government agencies and

corporations (report in Schedule HC-B, item 4.b.(1)

or 4.c.(2)(a), below, as appropriate).

(4) Participations in pools of Federal Housing Administration (FHA) Title I loans, which generally consist of junior lien home improvement loans (report

as loans in Schedule HC-C, generally in item

1.c.(2)(b), Loans “secured by junior liens” on 1-to-4

family residential properties).

(5) Debt securities issued by SLM Corporation, the

private-sector corporation that is the successor to

the Student Loan Marketing Association (report in

Schedule HC-B, item 6(a), “Other domestic debt

securities,” below), and securitized student loans

issued by SLM Corporation (or its affiliates) (report

in Schedule HC-B, item 5(a), “Asset-backed securities,” below).

Line Item 3 Securities issued by states and

political subdivisions in the U.S.

Report amortized cost and fair value of all securities

issued by states and political subdivisions in the United

States not held in trading accounts.

States and political subdivisions in the U.S., for purposes

of this report, include:

(1) the fifty states of the United States and the District of

Columbia and their counties, municipalities, school

districts, irrigation districts, and drainage and sewer

districts; and

(2) the governments of Puerto Rico and of the U.S.

territories and possessions and their political

subdivisions.

Securities issued by states and political subdivisions

include:

(1) General obligations, which are securities whose principal and interest will be paid from the general tax

receipts of the state or political subdivision.

(2) Revenue obligations, are securities whose debt service is paid solely from the revenues of the projects

financed by the securities rather than from general

tax funds.

(3) Industrial development and similar obligations.

Treatment of industrial development bonds (IDBs).

IDBs, sometimes referred to as “industrial revenue

bonds,” are typically issued by local industrial development authorities to benefit private commercial and industrial development. For purposes of this report, all IDBs

Schedule HC-B

FR Y-9C HC-B-3

Schedule HC-B March 2020
should reported as securities in this item or as loans in

Schedule HC-C, (item 9) consistent with the asset category in which the holding company reports its IDBs on

its balance sheet for other financial reporting purposes.

Regardless of whether they are reported as securities in

Schedule HC-B or as loans in Schedule HC-C, all IDBs

that meet the definition of a “security” in ASC Topic 320,

Investment-Debt Securities (formerly FASB Statement

No. 115, Accounting for Certain Investments in Debt and

Equity Securities) must be measured in accordance with

ASC Topic 320.

Treatment of other obligations of state and political

subdivisions in the U.S. In addition to those IDBs that are

reported as securities in accordance with the preceding

paragraph, also include in this item as securities issued by

states and political subdivisions in the U.S., all obligations other than IDBs that meet any of the following

criteria:

(1) Nonrated obligations of states and political subdivisions in the U.S., other than those specifically excluded

below, that the holding company considers securities

for other financial reporting purposes.

(2) Notes, bonds, and debentures (including tax warrants

and tax-anticipation notes) that are rated by a

nationally-recognized rating service.

(3) Obligations of state and local governments that

are guaranteed by the U.S. government (excluding

mortgage-backed securities).

Exclude from item 3:

(1) All overdrafts of states and political subdivisions in

the U.S. (report as loans in Schedule HC, item 4(b),

and Schedule HC-C, item 9).

(2) All lease financing receivables of states and political

subdivisions in the U.S. (report as leases in Schedule HC, item 4(b), and Schedule HC-C, item 10).

(3) All IDBs that are to be reported as loans in accordance with the reporting treatment described above

(report as loans in Schedule HC, item 4(b), and

Schedule HC-C; item 9).

(4) All other nonrated obligations of states and political

subdivisions in the U.S. that the holding company

considers loans for other financial reporting purposes

(report as loans in Schedule HC, item 4(b), and

Schedule HC-C, item 9).

(5) All mortgage pass-through securities issued by state

and local housing authorities in the U.S. (report in

Schedule HC-B, item 4(a) below).

(6) Collateralized mortgage obligations (CMOs), real

estate mortgage investments conduits (REMICs),

CMO and REMIC residuals, and stripped mortgagebacked securities (such as interest-only strips (IOs),

principal-only strips (POs), and similar instruments)

issued by state and local housing authorities in the

U.S. (report in Schedule HC-B, item 4(b) below).

(7) All obligations of states and political subdivisions in

the U.S. held by the reporting holding company or its

consolidated subsidiaries in trading accounts (report

in Schedule HC, item 5).

Line Item 4 Mortgage-backed securities (MBS).

Note: Items 4(a)(1) through 4(a)(3) are to be completed

by holding companies with $5 billion or more in total

assets. Item 4(a)(4) is to be reported by holding companies with less than $5 billion in total assets.

Report in the appropriate columns of the appropriate

subitems the amortized cost and fair value of all residential and commercial mortgage-backed securities, including mortgage pass-through securities, collateralized mortgage obligations (CMOs), real estate mortgage investment

conduits (REMICs), CMO and REMIC residuals, stripped

mortgage-backed securities (such as interest-only strips

(IOs), principal-only strips (POs), and similar instruments), and mortgage-backed commercial paper not held

for trading. Include mortgage backed securities issued by

non-U.S. issuers.

Exclude from mortgage-backed securities:

(1) Securities backed by loans extended under home

equity lines, i.e., revolving open-end lines of credit

secured by 1-4 family residential properties (report as

asset-backed securities in Schedule HC-B, item 5,

and, if applicable, in Schedule HC-B, Memorandum

item 5(b), ‘‘Home equity lines’’).

(2) Bonds issued by the Federal National Mortgage

Association (FNMA) and the Federal Home Loan

Mortgage Corporation (FHLMC) that are collateralized by mortgages, i.e., mortgage-backed bonds,

(report in Schedule HC-B, item 2. “U.S. Government

agency and sponsored agency obligations”) and

Schedule HC-B

HC-B-4 FR Y-9C

Schedule HC-B December 2019
mortgage-backed bonds issued by non-U.S. Government issuers (report in Schedule HC-B, item 6,

“Other debt securities,” below).

(3) Participation certificates issued by the Export-Import

Bank and the General Services Administration (report

in Schedule HC-B, item 2, “U.S. Government agency

and sponsored agency obligations”).

(4) Participation certificates issued by a Federal Intermediate Credit Bank (report in Schedule HC-F, item 4,

“Equity investments without readily determinable

fair values”).

Line Item 4(a) Residential mortgage pass-through

securities.

Report in the appropriate columns of the appropriate

subitems the amortized cost and fair value of all holdings

of residential mortgage pass-through securities that are

not held for trading. In general, a residential mortgage

pass-through security represents an undivided interest in

a pool of loans secured by 1-4 family residential properties that provides the holder with a pro rata share of all

principal and interest payments on the residential mortgages in the pool, and includes certificates of participation in pools of residential mortgages.

Include certificates of participation in pools of 1-4 family

residential mortgages even though the reporting holding

company was the original holder of the mortgages underlying the pool and holds the instruments covering that

pool, as may be the case with GNMA certificates issued

by the holding company and swaps with FNMA and

FHLMC. Also include U.S. Government-issued participation certificates (PCs) that represent a pro rata share of all

principal and interest payments on a pool of resecuritized

participation certificates that, in turn, are backed by 1-4

family residential mortgages, e.g., FHLMC Giant PCs.

Exclude all holdings of commercial mortgage passthrough securities, including pass-through securities

backed by loans secured by multifamily (5 or more)

residential properties (report in Schedule HC-B, item

4(c)(1), below). Also exclude all collateralized mortgage

obligations (CMOs), real estate mortgage investment

conduits (REMICs), CMO and REMIC residuals, stripped

mortgage-backed securities (such as interest-only strips

(IOs), principal-only strips (POs), and similar instruments), and mortgage-backed commercial paper (report

in Schedule HC-B, item 4(b) or 4(c)(2), below, as

appropriate).

Line Item 4(a)(1) Guaranteed by GNMA.

Report in the appropriate columns the amortized cost and

fair value of all holdings of 1-4 family residential mortgage pass-through securities guaranteed by the Government National Mortgage Association (GNMA) that are

not held for trading. Exclude 1-4 family residential

mortgage pass-through securities issued by FNMA and

FHLMC (report in Schedule HC-B, item 4(a)(2), below).

Line Item 4(a)(2) Issued by FNMA and FHLMC.

Report in the appropriate columns the amortized cost and

fair value of all holdings of 1-4 family residential mortgage pass-through securities issued by the Federal

National Mortgage Association (FNMA) and the Federal

Home Loan Mortgage Corporation (FHLMC) that are not

held for trading. Exclude 1-4 family residential mortgage

pass-through securities that are guaranteed by the Government National Mortgage Association (GNMA) (report

in Schedule HC-B, item 4(a)(1), above).

Line Item 4(a)(3) Other pass-through securities.

Report in the appropriate columns the amortized cost and

fair value of all holdings of 1-4 family residential mortgage pass-through securities issued by others (e.g., other

depository institutions, insurance companies, state and

local housing authorities in the U.S.) that are not guaranteed by the U.S. Government and are not held for trading.

If the holding company has issued pass-through securities backed by a pool of its own 1-4 family residential

mortgages and the certificates are not guaranteed by the

U.S. Government, any holdings of these pass-through

securities (not held for trading) are to be reported in this

item.

Line Item 4(a)(4) Guaranteed by GNMA, issued

by FNMA and FHLMC and other pass-through

securities.

Holding companies with less than $5 billion should

report Guaranteed by GNMA, issued by FNMA and

FHLMC and other pass-through securities. For more

information on reporting, refer to line item 4(a)1, 4(a) (2)

and 4(a)(3).

Line Item 4(b) Other residential mortgage-backed

securities.

Report in the appropriate columns of the appropriate

subitems the amortized cost and fair value of all 1-4

Schedule HC-B

FR Y-9C HC-B-5

Schedule HC-B December 2019
family residential mortgage-backed securities (MBS)

other than pass-through securities that are not held for

trading.

Other residential mortgage-backed securities include:

(1) All classes of collateralized mortgage obligations

(CMOs) and real estate mortgage investments conduits (REMICs) backed by loans secured by 1-4

family residential properties.

(2) CMO and REMIC residuals and similar interests

backed by loans secured by 1-4 family residential

properties.

(3) Stripped 1-4 family residential mortgage-backed

securities (such as interest-only strips (IOs), principalonly strips (POs), and similar instruments).

(4) Commercial paper backed by loans secured by 1-4

family residential properties.

(5) All classes of mortgage-backed securities backed by

loans secured by 1-4 family residential properties

that are not owner-occupied and for which repayment

will be derived from the rental income associated

with the properties or from sales of the properties

(such as single family rental mortgage-backed securities (SFR MBS)).

Line Item 4(b)(1) Issued or guaranteed by U.S.

Government agencies or sponsored agencies.

Report in the appropriate columns the amortized cost and

fair value of all classes of CMOs and REMICs, CMO and

REMIC residuals, and stripped mortgage-backed securities issued or guaranteed by U.S. Government agencies or

U.S. Government-sponsored agencies that are backed by

loans secured by 1-4 family residential properties. For

purposes of this report, include REMICs issued by the

U.S. Department of Veterans Affairs (VA) that are backed

by 1-4 family residential mortgages in this item.

U.S. Government agencies include, but are not limited to,

such agencies as the Government National Mortgage

Association (GNMA), the Federal Deposit Insurance

Corporation (FDIC) and the National Credit Union

Administration (NCUA). U.S. Government-sponsored

agencies include, but are not limited to, such agencies as

the Federal Home Loan Mortgage Corporation (FHLMC)

and the Federal National Mortgage Association (FNMA).

Line Item 4(b)(2) Collateralized by MBS issued or

guaranteed by U.S. Government agencies or

sponsored agencies.

Report in the appropriate columns the amortized cost and

fair value of all classes of CMOs, REMICs, CMO and

REMIC residuals, and stripped mortgage-backed securities issued by non-U.S. Government issuers (e.g., other

depository institutions, insurance companies, state and

local housing authorities in the U.S.) for which the

collateral consists of GNMA (Ginnie Mae) residential

pass-through securities, FNMA (Fannie Mae) residential

pass-through securities, FHLMC (Freddie Mac) residential participation certificates, or other residential

mortgage-backed securities (i.e., classes of CMOs or

REMICs, CMO or REMIC residuals, and stripped

mortgage-backed securities) issued or guaranteed by U.S.

Government agencies or U.S. Government-sponsored

agencies.

Line Item 4(b)(3) All other residential MBS.

Report in the appropriate columns the amortized cost and

fair value of all CMOs, REMICs, CMO and REMIC

residuals, stripped mortgage-backed securities, and commercial paper backed by loans secured by 1-4 family

residential properties (or by securities collateralized by

such loans), including single family rental (SFR) MBS,

that have been issued by non-U.S. Government issuers

(e.g., other depository institutions, insurance companies,

state and local housing authorities in the U.S.), for which

the collateral does not consist of GNMA (Ginnie Mae)

residential pass-through securities, FNMA (Fannie Mae)

residential pass-through securities, FHLMC (Freddie

Mac) residential participation certificates, or other residential mortgage-backed securities (i.e., classes of CMOs

or REMICs, CMO or REMIC residuals, and stripped

mortgage-backed securities) issued or guaranteed by

FNMA, FHLMC, GNMA, or VA.

Line Item 4(c) Commercial MBS.

Report in the appropriate columns of the appropriate

subitems the amortized cost and fair value of all holdings

of commercial mortgage-backed securities issued by U.S.

Government-sponsored agencies or by others that are not

held for trading. In general, a commercial mortgagebacked security represents an interest in a pool of loans

secured by properties other than 1-4 family residential

properties.

Schedule HC-B

HC-B-6 FR Y-9C

Schedule HC-B March 2018
Line Item 4(c)(1) Commercial mortgage

pass-through securities.

Report in the appropriate columns of the appropriate

subitems the amortized cost and fair value of all holdings

of commercial mortgage pass-through securities. In general, a commercial mortgage pass-through security represents an undivided interest in a pool of loans secured by

properties other than 1-4 family residential properties

that provides the holder with a pro rata share of all

principal and interest payments on the mortgages in the

pool.

Line Item 4(c)(1)(a) Issued or guaranteed by

FNMA, FHLMC, or GNMA.

Report in the appropriate columns the amortized cost and

fair value of all holdings of commercial mortgage passthrough securities issued by the Federal National Mortgage Association (FNMA) or the Federal Home Loan

Mortgage Corporation (FHLMC) or guaranteed by the

Government National Mortgage Association (GNMA).

Also include commercial mortgage pass-through securities guaranteed by the Small Business Administration.

Line Item 4(c)(1)(b) Other pass-through securities.

Report in the appropriate columns the amortized cost and

fair value of all holdings of commercial mortgage passthrough securities issued or guaranteed by non-U.S.

Government issuers.

Line Item 4(c)(2) Other commercial

mortgage-backed securities.

Report in the appropriate columns of the appropriate

subitems the amortized cost and fair value of all CMOs,

REMICs, CMO and REMIC residuals, stripped mortgagebacked securities, and commercial paper backed by loans

secured by properties other than 1-4 family residential

properties. Exclude commercial mortgage pass-through

securities (report in Schedule HC-B, item 4(c)(1), above).

Line Item 4(c)(2)(a) Issued or guaranteed by U.S.

Government agencies or sponsored agencies.

Report in the appropriate columns the amortized cost and

fair value of all CMOs, REMICs, CMO and REMIC

residuals, stripped mortgage-backed securities, and commercial paper backed by loans secured by properties

other than 1-4 family residential properties that have

been issued by U.S. Government agencies or U.S.

Government-sponsored agencies.

U.S. Government agencies include, but are not limited to,

such agencies as the Government National Mortgage

Association (GNMA), the Federal Deposit Insurance

Corporation (FDIC) and the National Credit Union

Administration (NCUA). U.S. Government-sponsored

agencies include, but are not limited to, such agencies as

the Federal Home Loan Mortgage Corporation (FHLMC)

and the Federal National Mortgage Association (FNMA).

Line Item 4(c)(2)(b) All other commercial MBS.

Report in the appropriate columns the amortized cost and

fair value of all CMOs, REMICs, CMO and REMIC

residuals, stripped mortgage-backed securities, and commercial paper backed by loans secured by properties

other than 1-4 family residential properties that have

been issued or guaranteed by non-U.S. Government

issuers.

Line Item 5 Asset-backed securities and

structured financial products:

Line Item 5(a) Asset-backed securities.

Report in the appropriate columns the amortized cost and

fair value of all asset-backed securities (other than

mortgage-backed securities), including asset-backed commercial paper, not held for trading. Include asset backed

securities issued by non-U.S. issuers. For holding companies with foreign offices or with $1 billion or more in

total assets, this item must equal Schedule HC-B, sum of

Memorandum items 5(a) through 5(f).

Line Item 5(b) Structured financial products.

Report in the appropriate columns the amortized cost and

fair value of all structured financial products not held for

trading. Include cash, synthetic, and hybrid instruments,

including those issued by non-U.S. issuers. For holding

companies with $10 billion or more in total assets, this

item must equal Schedule HC-B, sum of Memorandum

items 6(a) through 6(g). Structured financial products

generally convert a pool of assets (such as whole loans,

securitized assets, and bonds) and other exposures (such

as derivatives) into products that are tradable capital

market debt instruments. Some of the more complex

financial product structures mix asset classes in order to

create investment products that diversify risk.

Schedule HC-B

FR Y-9C HC-B-7

Schedule HC-B March 2018
(1) A cash instrument means that the instrument represents a claim against a reference pool of assets.

(2) A synthetic instrument means that the investors do

not have a claim against a reference pool of assets;

rather, the originating bank merely transfers the

inherent credit risk of the reference pool of assets by

such means as a credit default swap, a total return

swap, or another arrangement in which the counterparty agrees upon specific contractual covenants to

cover a predetermined amount of losses in the loan

pool.

(3) A hybrid instrument means that the instrument is a

mix of both cash and synthetic instruments.

One of the more common cash instrument structured

financial products is referred to as a collateralized debt

obligation (CDO). For example, include in this item

investments in CDOs for which the underlying collateral

is a pool of trust preferred securities issued by U.S.

business trusts organized by financial institutions or real

estate investment trusts. However, exclude from this item

investments in trust preferred securities issued by a single

U.S. business trust (report in Schedule HC-B, item 6(a),

“Other domestic debt securities”).

Other products include synthetic structured financial

products (such as synthetic CDOs) that use credit derivatives and a reference pool of assets, hybrid structured

products that mix cash and synthetic instruments, collateralized bond obligations (CBOs), resecuritizations such

as CDOs squared or cubed (which are CDOs backed

primarily by the tranches of other CDOs), and other

similar structured financial products.

Exclude from structured financial products:

(1) Mortgage-backed pass-through securities (report in

Schedule HC-B, item 4, above).

(2) Collateralized mortgage obligations (CMOs), real

estate mortgage investment conduits (REMICs), CMO

and REMIC residuals, stripped mortgage-backed

securities, and mortgage-backed commercial paper

(report in Schedule HC-B, item 4, above).

(3) Asset-backed commercial paper not held for trading

(report in Schedule HC-B, item 5(a), above).

(4) Asset-backed securities that are primarily secured by

one type of asset (report in Schedule HC-B, item

5(a), above).

(5) Securities backed by loans that are commonly

regarded as asset-backed securities rather than collateralized loan obligations in the marketplace (report in

Schedule HC-B, item 5(a), above).

Line Item 6 Other debt securities.

Report in the appropriate columns the amortized cost and

fair value of all other debt securities that are not held

for trading that cannot properly be reported in Schedule HC-B, items 1 through 5 above.

Exclude from other debt securities:

(1) All holdings of certificates of participation in pools

of residential mortgages, collateralized mortgage

obligations (CMOs), real estate mortgage investment

conduits (REMICs), CMO and REMIC residuals,

and stripped mortgage-backed securities (such as

interest-only strips (IOs), principal-only strips (POs),

and similar instruments) (report in Schedule HC-B,

item 4 above).

(2) Holdings of bankers acceptances and certificates of

deposit (CDs), even if the CDs are negotiable or have

CUSIP numbers. (Report holdings of bankers acceptances as loans in Schedule HC, item 4(a) if held for

sale; item 4(b) if held for investment; and item 5, if

held for trading. Report holdings of CDs in Schedule

HC, item 1(b) if not held for trading; and item 5, if

held for trading.)

(3) All securities that meet the definition of an ‘‘equity

security’’ in ASC Topic 321, Investments-Equity

Securities (formerly FASB Statement No. 115,

Accounting for Certain Investments in Debt and

Equity Securities), for example, common and perpetual preferred stock. (See, for example, the instructions to Schedule HC, item 2(c), Schedule HC-B,

item 7, and Schedule HC-F, item 4.)

Line Item 6(a) Other domestic debt securities.

Include in this item:

(1) Bonds, notes, debenture, equipment trust certificates,

and commercial paper issued by U.S.-chartered corporations and other U.S. issuers and not reportable

elsewhere in Schedule HC-B.

(2) Preferred stock of U.S.-chartered corporations and

business trusts that by its terms either must be

Schedule HC-B

HC-B-8 FR Y-9C

Schedule HC-B June 2018
redeemed by the issuing corporation or trust or is

redeemable at the option of the holder, including trust

preferred securities subject to mandatory redemption.

(3) Detached U.S. government security coupons and

ex-coupon U.S. government securities held as the

result of either their purchase or the holding company’s stripping of such securities and Treasury

receipts such as CATs, TIGRs, COUGARs, LIONs,

and ETRs. (Refer to the Glossary entry for ‘‘coupon

stripping, Treasury receipts, and STRIPS’’ for additional information.)

Exclude from other domestic debt securities investments

in collateralized debt for which the underlying collateral

is a pool of trust preferred securities issues by U.S.

business trusts (report as structured financial products in

Schedule HC-B, item 5(b)).

Line Item 6(b) Other foreign debt securities.

Report in the appropriate columns the amortized cost and

fair value of all other foreign debt securities not held for

trading issued by non-U.S.-chartered corporations, foreign governments, or special international organizations.

Other Foreign debt securities include:

(1) Bonds, notes, debentures, equipment trust certificates, and commercial paper issued by non-U.S.-

chartered corporations.

(2) Debt securities issued by foreign governmental units.

(3) Debt securities issued by international organizations

such as the International Bank for Reconstruction

and Development (World Bank), Inter-American

Development Bank, and Asian Development Bank.

(4) Preferred stock of non-U.S.-chartered corporations

that by its terms either must be redeemed by the

issuing enterprise or is redeemable at the option of

the investor (i.e., redeemable or limited-life preferred

stock).

NOTE: Investments in equity securities, including investment in mutual funds, with readily determinable fair

values not held for trading that were previously reportable in Schedule HC-B, item 7, columns C and D, should

be reported in Schedule HC, item 2(c), ′′Equity securities

with readily determinable fair values not held for

trading′′.

Line Item 7 Not applicable.

Line Item 8 Total.

Report the sum of items 1 through 6b. For holding

companies that have not adopted FASB Accounting

Standards Update No. 2016-13 (ASU 2016-13), the total

of column A for this item must equal Schedule HC,

item 2(a), “Held-to-maturity securities.” The total for

column D must equal Schedule HC, item 2(b), “Availablefor-sale debt securities.”

For holding companies that have adopted ASU 2016-13,

which governs the accounting for credit losses, the total

of column A for this item must equal Schedule HC, item

2(a), “Held-to-maturity securities” plus Schedule HI-B,

Part II, item 7, column B, balance end of current period

for “Held-to-maturity debt securities,” and the total of

column D for this item must equal Schedule HC, item

2(b), “Available-for-sale debt securities.”

Line Item M1 Pledged securities.

Report the amortized cost of all held-to-maturity debt

securities included in Schedule HC-B, column A, above;

the fair value of all available-for-sale debt securities

included in Schedule HC-B, column D above; and the

fair value of all equity securities with readily determinable fair values not held for trading included in Schedule

HC, item 2c that are pledged to secure deposits, repurchase transactions, or other borrowings (regardless of the

balance of the deposits or other liabilities against which

the securities are pledged), as performance bonds under

futures or forward contracts, or for any other purpose.

Include as pledged securities:

(1) Held-to-maturity debt securities, available-for-sale

debt securities, and equity securities with readily

determinable fair values not held for trading that

have been ‘‘loaned’’ in securities borrowing/lending

transactions that do not qualify as sales under ASC

Topic 860, Transfers and Servicing (formerly FASB

Statement No. 140, ‘‘Accounting for Transfers and

Servicing of Financial Assets and Extinguishments

of Liabilities,’’ as amended).

(2) Held-to-maturity debt securities, available-for-sale

debt securities, and equity securities with readily

determinable fair values not held for trading securities held by consolidated variable interest entities

(VIEs) that can be used only to settle obligations of

Schedule HC-B

FR Y-9C HC-B-9

Schedule HC-B December 2020
the same consolidated VIEs (the amounts of which

are also reported in Schedule HC-V, item 1(b).

(3) Held-to-maturity debt securities, available-for-sale

debt securities, and equity securities with readily

determinable fair values not held for trading owned

by consolidated insurance subsidiaries and held in

custodial trusts that are pledged to insurance companies external to the consolidated holding company.

Line Item M2 Remaining maturity or next

repricing date of debt securities.

Report in memorandum items 2(a) through 2(c) below

the remaining maturity or next repricing date of debt

securities held by the consolidated holding company that

are included in items 1 through 6(b) above. Report the

amortized cost of held-to-maturity debt securities and the

fair value of available-for-sale debt securities as reported

in columns A and D above in the appropriate subitems.

Exclude from memorandum item 2 the holding company’s holdings of equity securities with readily determinable fair values not held for trading (reported in

Schedule HC, item 2(c)) (e.g., investments in mutual

funds, common stock, preferred stock). Also exclude

those debt securities that are reported as ‘‘nonaccrual’’ in

Schedule HC-N, item 10, column C.

For purposes of this memorandum item, the following

definitions apply:

Remaining maturity is the amount of time remaining

from the report date until the final contractual maturity of

the instrument without regard to the instrument’s repayment schedule, if any.

A fixed interest rate is a rate that is specified at the

origination of the transaction, is fixed and invariable

during the term of the debt security, and is known to both

the borrower and the lender. Also treated as a fixed

interest rate is a predetermined interest rate which is a

rate that changes during the term of the debt security on a

predetermined basis, with the exact rate of interest over

the life of the debt security known with certainty to both

the borrower and the lender when the debt security is

acquired.

A floating rate is a rate that varies, or can vary, in relation

to an index, to some other interest rate such as the rate on

certain U.S. Government securities or the ‘‘prime rate,’’

or to some other variable criterion the exact value of

which cannot be known in advance. Therefore, the exact

rate the debt security carries at any subsequent time

cannot be known at the time of origination.

When the rate on a debt security with a floating rate has

reached a contractual floor or ceiling level, the debt

security is to be treated as ‘‘fixed rate’’ rather than as

‘‘floating rate’’ until the rate is again free to float.

Next repricing date is the date the interest rate on a

floating rate debt security can next change in accordance

with the terms of the contract (without regard to the

security’s repayment schedule, if any, or expected prepayments) or the contractual maturity date of the security, whichever is earlier.

Holding companies whose records or information systems provide data on the final contractual maturities, next

repricing dates, and expected average lives of their debt

securities for time periods that closely approximate the

maturity periods specified in Memorandum items 2(a)

through 2(c) (e.g., 359 or 360 days rather than 1 year)

may use these dates to complete Memorandum items 2(a)

through 2(c).

For debt securities with scheduled contractual payments,

holding companies whose records or information systems

provide repricing data that take into account these scheduled contractual payments, with or without the effect of

anticipated prepayments, may adjust these data in an

appropriate manner to derive reasonable estimates for the

final contractual maturities of fixed rate debt securities

and floating rate debt securities and the next repricing

dates of floating rate debt securities.

Callable fixed rate debt securities should be reported in

Memorandum items 2(a), 2(b) and 2(c) without regard to

their next call date unless the security has actually been

called. When fixed rate debt securities have been called,

they should be reported on the basis of the time remaining until the call date. Callable floating rate debt securities should be reported on the basis of their next repricing

date without regard to their next call date if the security

has not been called. Those that have been called should

be reported based on the earlier of their next repricing

date or their actual call date.

Fixed rate mortgage pass-through securities (such as

those guaranteed by the Government National Mortgage

Association (GNMA) or issued by the Federal Home

Loan Mortgage Corporation (FHLMC), the Federal

National Mortgage Association (FNMA), and certain

banks, savings associations, and securities dealers) and

Schedule HC-B

HC-B-10 FR Y-9C

Schedule HC-B December 2020
fixed rate Small Business Administration (SBA) ‘‘Guaranteed Loan Pool Certificates’’ should be reported on the

basis of the time remaining until their final contractual

maturity without regard to either expected prepayments

or scheduled contractual payments. Floating rate mortgage pass-through securities and SBA ‘‘Guaranteed Loan

Pool Certificates’’ should be reported on the basis of their

next repricing date.

Fixed rate debt securities that provide the reporting

holding company with the option to redeem them at one

or more specified dates prior to their contractual maturity

date, so-called ‘‘put bonds,’’ should be reported on the

basis of the time remaining until the next ‘‘put’’ date.

Floating rate ‘‘put bonds’’ should be reported on the basis

of their next repricing date without regard to ‘‘put’’ dates

if the holding company has not exercised the put. If a

‘‘put’’ has been exercised but the security has not yet

been repaid, the ‘‘put’’ bond should be reported based on

the earlier of its next repricing date or its scheduled

repayment date.

Zero coupon debt securities, including U.S. Treasury

bills, should be treated as fixed rate debt securities for

purposes of this Memorandum item.

Line Item M2(a) 1 year and less.

Report in this item all securities held by the consolidated

holding company with a remaining maturity or amount of

time remaining until next repricing date of one year or

less.

Line Item M2(b) Over 1 year to 5 years.

Report in this item all securities held by the consolidated

holding company with a remaining maturity or amount of

time remaining until next repricing date over one year but

less than five years.

Line Item M2(c) Over 5 years.

Report in this item all securities held by the consolidated

holding company with a remaining maturity or amount of

time remaining until next repricing date of over five

years.

Note: Memorandum item 3 is to be completed semiannually in the June and December reports only.

Line Item M3 Amortized cost of held-to-maturity

securities sold or transferred to available-for-sale or

trading securities during the calendar year-to-date.

If the reporting holding company has sold any held-tomaturity debt securities or has transferred any held-tomaturity debt securities to the available-for-sale or to

trading securities during the calendar year-to-date, report

the total amortized cost of these held-to-maturity debt

securities as of their date of sale or transfer.

Exclude the amortized cost of any held-to-maturity debt

security that has been sold near enough to (e.g., within

three months of) its maturity date (or call date if exercise

of the call is probable) that interest rate risk is substantially eliminated as a pricing factor. Also exclude the

amortized cost of any held-to-maturity debt security that

has been sold after the collection of a substantial portion

(i.e., at least 85 percent) of the principal outstanding at

acquisition due to prepayments on the debt security, or, if

the debt security is a fixed rate security, due to scheduled

payments payable in equal installments (both principal

and interest) over its term.

Line Item M4 Structured notes.

Report in this item all structured notes included in the

held-to-maturity and available-for-sale accounts and

reported in Schedule HC-B. In general, structured notes

are debt securities whose cash flow characteristics (coupon

rate, redemption amount, or stated maturity) depend upon

one or more indices and/or that have embedded forwards

or options or are otherwise commonly known as ‘‘structured notes.’’ Include as structured notes any assetbacked securities (other than mortgage-backed securities)

which possess the aforementioned characteristics.

Structured notes include, but are not limited to, the

following common structures:

(1) Floating rate debt securities whose payment of interest is based upon:

(a) a single index of a Constant Maturity Treasury

(CMT) rate or a Cost of Funds Index (COFI), or

(b) changes in the Consumer Price Index (CPI).

However, exclude from structured notes all U.S.

Treasury Inflation-Protected Securities (TIPS).

(2) Step-up Bonds. Step-up securities initially pay the

investor an above-market yield for a short noncall

period and then, if not called, “step up” to a higher

Schedule HC-B

FR Y-9C HC-B-11

Schedule HC-B June 2018
coupon rate (which will be below current market

rates). The investor initially receives a higher yield

because of having implicitly sold one or more call

options. A step-up bond may continue to contain call

options even after the bond has stepped up to the

higher coupon rate. A multistep bond has a series of

fixed and successively higher coupons over its life.

At each call date, if the bond is not called, the coupon

rate increases.

(3) Index Amortizing Notes (IANs). IANs repay principal according to a predetermined amortization

schedule that is linked to the level of a specific index

(usually the London Interbank Offered Rate—

LIBOR—or a specified prepayment rate). As market

interest rates increase (or prepayment rates decrease),

the maturity of an IAN extends, similar to that of a

collateralized mortgage obligation. When the principal payments on these notes are indexed to the

prepayment performance of a reference pool of mortgages or a reference mortgage-backed security, but

the notes themselves are not collateralized by the

mortgages or the mortgage-backed security, the notes

are sometimes marketed as Prepayment-Linked Notes.

(4) Dual Index Notes. These bonds have coupon rates

that are determined by the difference between

two market indices, typically the Constant Maturity

Treasury rate (CMT) and LIBOR. These bonds often

have a fixed coupon rate for a brief period, followed

by a longer period of variable rates, e.g., 8 percent

fixed for two years, then 10-year CMT plus 300 basis

points minus three-month LIBOR.

(5) De-leveraged Bonds. These bonds pay investors

according to a formula that is based upon a fraction

of the increase or decrease in a specified index, such

as the CMT rate or the prime rate. For example,

the coupon might be the 10-year CMT rate multiplied

by 0.5, plus 150 basis points. The deleveraging

multiplier (0.5) causes the coupon to lag overall

movements in market yields. A leveraged bond

would involve a multiplier greater than 1.

(6) Range Bonds. Range bonds (or accrual bonds) pay

the investor an above-market coupon rate as long as

the reference rate is between levels established at

issue. For each day that the reference rate is outside

this range, the bonds earn no interest. For example, if

LIBOR is the reference rate, a bond might pay

LIBOR plus 75 basis points for each day that LIBOR

is between 3.5 and 5.0 percent. When LIBOR is less

than 3.5 percent or more than 5 percent, the bond

would accrue no interest.

(7) Inverse Floaters. These bonds have coupons that

increase as rates decline and decrease as rates rise.

The coupon is based upon a formula, such as 12 percent minus three-month LIBOR.

Exclude from structured notes floating rate debt securities denominated in U.S. dollars whose payment of

interest is based upon a single index of a Treasury bill

rate, the prime rate, or LIBOR and which do not contain

adjusting caps, adjusting floors, leverage, or variable

principal redemption. Furthermore, debt securities that

do not possess the aforementioned characteristics of a

structured note need not be reported as structured notes

solely because they are callable as of a specified date at

a specified price. In addition, debt securities that in the

past possessed the characteristics of a structured note, but

which have ‘‘fallen through’’ their structures (e.g., all of

the issuer’s call options have expired and there are no

more adjustments to the interest rate on the security),

need not be reported as structured notes.

Generally, municipal and corporate securities that have

periodic call options should not be reported as structured

notes. Although many of these securities have features

similar to those found in some structured notes (e.g.,

step-ups, which generally remain callable after a step-up

date), they are not commonly known as structured notes.

Examples of such callable securities that should not be

reported as structured notes include:

(1) Callable municipal and corporate bonds which have

single (or multiple) explicit call dates and then can be

called on any interest payment date after the

last explicit call date (i.e., they are continuously

callable).

(2) Callable federal agency securities that have continuous call features after an explicit call date, except

step-up bonds (which are structured notes).

The mere existence of simple caps and floors does not

necessarily make a security a structured note. Securities

with adjusting caps or floors (i.e., caps or floors that

change over time), however, are structured notes. Therefore, the following types of securities should not be

reported as structured notes:

(1) Variable rate securities, including Small Business

Administration ‘‘Guaranteed Loan Pool Certificates,’’

Schedule HC-B

HC-B-12 FR Y-9C

Schedule HC-B June 2014
unless they have features of securities which are

commonly known as structured notes (i.e., they are

inverse, range, or de-leveraged floaters, index amortizing notes, dual index or variable principal redemption or step-up bonds), or have adjusting caps or

floors.

(2) Mortgage-backed securities.

Line Item M4(a) Amortized cost of structured

notes.

Report the amortized cost of all structured notes included

in the held-to-maturity and available-for-sale accounts.

The amortized cost of these securities should also be

reported in columns A and C of the body of Schedule HC-B.

Line Item M4(b) Fair value of structured notes.

Report the fair (market) value of structured notes reported

in memorandum item 4(a) above. The fair value of these

securities should also be reported in columns B and D of

the body of Schedule HC-B. Do not combine or otherwise net the fair value of any structured note with the fair

or book value of any related asset, liability, or offbalance-sheet derivative instrument.

Line Item M5 Asset-backed securities.

Note: Memorandum item 5 is to be completed by

holding companies with $10 billion or more in total

assets.

Report in the appropriate columns of the appropriate

subitems the amortized cost and fair value of all assetbacked securities (other than mortgage-backed securities), including asset-backed commercial paper, not

held for trading. For each column, the sum of Memorandum items 5(a) through 5(f) must equal Schedule HC-B,

item 5(a).

For purposes of categorizing asset-backed securities in

Schedule HC-B, Memorandum items 5(a) through 5(f),

below, each individual asset-backed security should be

included in the item that most closely describes the

predominant type of asset that collateralizes the security

and this categorization should be used consistently over

time. For example, an asset-backed security may be

collateralized by automobile loans to both individuals

and business enterprises. If the prospectus for this assetbacked security or other available information indicates

that these automobile loans are predominantly loans to

individuals, the security should be reported in Schedule

HC-B, Memorandum item 5(c), as being collateralized

by automobile loans.

Line Item M5(a) Credit card receivables.

Report in the appropriate columns the amortized cost and

fair value of all asset-backed securities collateralized by

credit card receivables, i.e., extensions of credit to individuals for household, family, and other personal expenditures arising from credit cards as defined for Schedule

HC-C, item 6(a).

Line Item M5(b) Home equity lines.

Report in the appropriate columns the amortized cost and

fair value of all asset-backed securities collateralized by

home equity lines of credit, i.e., revolving, open-end

lines of credit secured by 1-to-4 family residential properties as defined for Schedule HC-C, item 1(c)(1).

Line Item M5(c) Automobile loans.

Report in the appropriate columns the amortized cost and

fair value of all asset-backed securities collateralized by

automobile loans, i.e., loans to individuals for the purpose of purchasing private passenger vehicles, including

minivans, vans, sport-utility vehicles, pickup trucks, and

similar light trucks for personal use. Such loans are a

subset of ‘‘Other consumer loans,’’ as defined for Schedule HC-C, item 6(c).

Line Item M5(d) Other consumer loans.

Report in the appropriate columns the amortized cost and

fair value of all asset-backed securities collateralized by

other consumer loans, i.e., loans to individuals for household, family, and other personal expenditures as defined

for Schedule HC-C, items 6(b) and 6(c), excluding

automobile loans as described in Schedule HC-B, Memorandum item 5(c), above.

Line Item M5(e) Commercial and industrial loans.

Report in the appropriate columns the amortized cost and

fair value of all asset-backed securities collateralized by

commercial and industrial loans, i.e., loans for commercial and industrial purposes to sole proprietorships, partnerships, corporations, and other business enterprises,

whether secured (other than by real estate) or unsecured,

single-payment or installment, as defined for Schedule

HC-C, item 4.

Schedule HC-B

FR Y-9C HC-B-13

Schedule HC-B June 2018
Line Item M5(f) Other.

Report in the appropriate columns the amortized cost and

fair value of all asset-backed securities collateralized by

non-mortgage loans other than those described in Schedule HC-B, Memorandum items 5(a) through 5(e), above,

i.e., loans as defined for Schedule HC-C, items 2, 3, and 7

through 9; lease financing receivables as defined for

Schedule HC-C, item 10; and all other assets.

Note: Memorandum item 6 is to be completed by

holding companies with $10 billion or more in total

assets.

Line Item M6 Structured financial products by

underlying collateral or reference assets.

Report in the appropriate columns of the appropriate

subitems the amortized cost and fair value of all structured financial products (as defined in Schedule HC-B,

item 5(b), above) not held for trading by the predominant

type of collateral or reference assets supporting the

product. For each column, the sum of Memorandum

items 6(a) through 6(g) must equal Schedule HC-B, item

5(b).

Line Item M6(a) Trust preferred securities issued

by financial institutions.

Report in the appropriate columns the amortized cost and

fair value of structured financial products supported

predominantly by trust preferred securities issued by

financial institutions.

Line Item M6(b) Trust preferred securities issued

by real estate investment trusts.

Report in the appropriate columns the amortized cost and

fair value of structured financial products supported

predominantly by trust preferred securities issued by real

estate investment trusts.

Line Item M6(c) Corporate and similar loans.

Report in the appropriate columns the amortized cost and

fair value of structured financial products supported

predominantly by corporate and similar loans.

Exclude securities backed by loans that are commonly

regarded as asset-backed securities rather than collateralized loan obligations in the marketplace (report in Schedule HC-B, item 5(a)).

Line ItemM6(d) 1-4 family residential MBS issued

or guaranteed by U.S. government-sponsored

enterprises (GSEs).

Report in the appropriate columns the amortized cost and

fair value of structured financial products supported

predominantly by 1-4 family residential mortgage-backed

securities issued or guaranteed by U.S. governmentsponsored enterprises.

Line Item M6(e) 1-4 family residential MBS not

issued or guaranteed by GSEs.

Report in the appropriate columns the amortized cost and

fair value of structured financial products supported

predominantly by 1-4 family residential mortgage-backed

securities not issued or guaranteed by U.S. governmentsponsored enterprises.

Line Item M6(f) Diversified (mixed) pools of

structured financial products.

Report in the appropriate columns the amortized cost and

fair value of structured financial products supported

predominantly by diversified (mixed) pools of structured

financial products. Include such products as CDOs

squared and cubed (also known as ‘‘pools of pools’’).

Line Item M6(g) Other collateral or reference

assets.

Report in the appropriate columns the amortized cost and

fair value of structured financial products supported

predominantly by other types of collateral or reference

assets not identified above.

Schedule HC-B

HC-B-14 FR Y-9C

Schedule HC-B June 2018
LINE ITEM INSTRUCTIONS FOR

Loan and Lease Financing Receivables

Schedule HC-C

General Instructions

Loans and lease financing receivables are extensions of

credit resulting from either direct negotiation between the

holding company or its consolidated subsidiaries and its

customers or the purchase of such assets from others.

(See the Glossary entries for ‘‘loan’’ and for ‘‘lease

accounting’’ for further information.)

All reporting holding companies must complete this

schedule regardless of whether or not it has foreign or

domestic offices. This schedule has two columns for

information on loans and lease financing receivables.

Column A provides loan and lease detail for the fully

consolidated holding company and column B provides

detail on loans and leases held by the domestic offices of

the reporting holding company. (See the Glossary entry

for ‘‘domestic office’’ for the definition of this term.)

Report all loans and leases that the holding company has

the intent and ability to hold for the foreseeable future or

until maturity or payoff, i.e., loans and leases held for

investment, in Schedule HC-C. Also report in Schedule

HC-C all loans and leases held for sale as part of the

consolidated holding company’s mortgage banking activities or activities of a similar nature involving other types

of loans. Include the fair value of all loans held for

investment and all loans held for sale that the holding

company has elected to report at fair value under a fair

value option. Loans reported at fair value in Schedule

HC-C should include only the fair value of the funded

portion of the loan. If the unfunded portion of the loan, if

any, is reported at fair value, this fair value should be

reported as an “Other asset” or an “Other liability,” as

appropriate, in Schedule HC, item 11 or item 20, respectively.

If the holding company has elected to apply the fair value

option to any loans held for investment or held for sale, it

also must report the fair value and unpaid principal

balance of these loans in the appropriate subitems of

Schedule HC-Q, Memorandum items 3 and 4, respectively.

Exclude from Schedule HC-C all loans and leases classified as trading (report in Schedule HC, item 5, ‘‘Trading

assets,’’ and, in the appropriate items of Schedule HC-D,

Trading Assets and Liabilities, and Schedule HC-Q, Financial Assets and Liabilities Measured at Fair Value on a

Recurring Basis, if applicable).

When a loan is acquired (through origination or purchase) with the intent or expectation that it may or will be

sold at some indefinite date in the future, the loan should

be reported as held for sale or held for investment, based

on facts and circumstances, in accordance with generally

accepted accounting principles and related supervisory

guidance. In addition, a loan acquired and held for

securitization purposes should be reported as a loan held

for sale, provided the securitization transaction will be

accounted for as a sale under ASC Topic 860, Transfers

and Servicing (formerly FASB Statement No. 140,

Accounting for Transfers and Servicing of Financial

Assets and Extinguishments of Liabilities). Notwithstanding the above, holding companies may classify loans as

trading if the holding company applies fair value accounting, with changes in fair value reported in current earnings, and manages these assets and liabilities as trading

positions, subject to the controls and applicable regulatory guidance related to trading activities. For example, a

holding company would generally not classify a loan that

meets these criteria as a trading asset unless the holding

company holds the loan for one of the following purposes: (a) for market making activities, including such

activities as accumulating loans for sale or securitization;

(b) to benefit from actual or expected price movements;

or (c) to lock in arbitrage profits.

Loans held for sale (not classified as trading in accordance

with the preceding instruction) shall be reported in Schedule HC-C at the lower of cost or fair value as of the report

FR Y-9C HC-C-1

Schedule HC-C June 2018
date, except for those that the holding company has

elected to account for at fair value under a fair value

option. For loans held for sale that are reported at the lower

of cost or fair value, the amount by which cost exceeds fair

value, if any, shall be accounted for as a valuation allowance. For further information, see ASC Subtopic 948-310,

Financial Services-Mortgage Banking – Receivables (formerly FASB Statement No. 65, Accounting for Certain

Mortgage Banking Activities), as amended), ASC Subtopic 310-10, Receivables – Overall (formerly AICPA

Statement of Position 01-6, Accounting by Certain Entities (Including Entities With Trade Receivables) That

Lend to or Finance the Activities of Others), and the

March 26, 2001, Interagency Guidance on Certain Loans

Held for Sale.

Holding companies that have not adopted FASB Accounting Standards Update No. 2016-13 (ASU 2016-13),

which governs the accounting for credit losses, should

report loans and leases held for investment in this

schedule without any deduction for the allowance for

loan and lease losses or any allocated transfer risk

reserves related to loans and leases, which are to be

reported in Schedule HC, item 4(c), ‘‘Allowance for loan

and lease losses.’’

Holding companies that have adopted ASU 2016-13

should report loans and leases held for investment in this

schedule without any deduction for allowances for credit

losses on loans and leases or any allocated transfer risk

reserves related to loans and leases, which are to be

reported in Schedule HC, item 4.c, “Allowance for loan

and lease losses.”

Each item in this schedule should be reported net

of (1) unearned income (to the extent possible)

and (2) deposits accumulated for the payment of personal

loans (hypothecated deposits). Net unamortized loan fees

represent an adjustment of the loan yield, and shall be

reported in this schedule in the same manner as unearned

income on loans, i.e., deducted from the related loan

balances (to the extent possible) or deducted from total

loans in Schedule HC-C, item 11, ‘‘LESS: Any unearned

income on loans reflected in items 1–9 above.’’ Net

unamortized direct loan origination costs shall be added

to the related loan balances in each item in this schedule.

(See the Glossary entry for ‘‘loan fees’’ for further

information.)

For holding companies that have not adopted ASU

2016-13, “Purchased credit-impaired loans” are loans

accounted for in accordance with ASC Subtopic 310-30,

Receivables – Loans and Debt Securities Acquired with

Deteriorated Credit Quality (formerly AICPA Statement

of Position 03-3, Accounting for Certain Loans or Debt

Securities Acquired in a Transfer), that a holding company has purchased, including those acquired in a purchase business combination, where there is evidence of

deterioration of credit quality since the origination of the

loan and it is probable, at the purchase date, that the

holding company will be unable to collect all contractually required payments receivable. Neither the accretable

yield nor the nonaccretable difference associated with

purchased credit-impaired loans should be reported as

unearned income in Schedule HC-C, item 11. In addition,

the nonaccretable difference, must not be recognized as

an adjustment of yield, loss accrual, or valuation allowance.

For holding companies that have adopted ASU 2016-13,

“purchased credit-deteriorated loans” are acquired individual loans (or acquired groups of loans with similar

risk characteristics) accounted for in accordance with

ASC Topic 326, Financial Instruments—Credit Losses,

that, as of the date of acquisition, have experienced a

more-than-insignificant deterioration in credit quality

since origination, as determined by the acquiring institution’s assessment. Unless accounted for at fair value

under a fair value option, purchased credit-deteriorated

loans should be reported in Schedule HC-C, at amortized

cost. Any noncredit discount or premium on a purchased

credit-deteriorated loan should not be reported as unearned

income in Schedule HC-C, item 11.

If, as a result of a change in circumstances, the holding

company regains control of a loan previously accounted

for appropriately as having been sold because one or

more of the conditions for sale accounting in ASC Topic

860 are no longer met, such a change should be accounted

for in the same manner as a purchase of the loan from the

former transferee (purchaser) in exchange for liabilities

assumed. The rebooked loan must be reported as a loan

asset in Schedule HC-C either as a loan held for sale or a

loan held for investment, based on facts and circumstances, in accordance with generally accepted accounting principles. This accounting and reporting treatment

applies, for example, to U.S. Government-guaranteed or

insured residential mortgage loans backing Government

National Mortgage Association (GNMA) mortgagebacked securities that a holding company services after it

has securitized the loans in a transfer accounted for as a

Schedule HC-C

HC-C-2 FR Y-9C

Schedule HC-C March 2020
sale. If and when individual loans later meet delinquency

criteria specified by GNMA, the loans are eligible for

repurchase, the holding company is deemed to have

regained effective control over these loans, and the

delinquent loans must be brought back onto the holding

company’s books as loan assets.

Exclude all intracompany (i.e., between subsidiaries of

the consolidated holding company) transactions and all

loans and leases held for trading purposes.

All loans are classified according to security, borrower, or

purpose. All loans satisfying the criteria in the Glossary

entry for “Loans secured by real estate” (except those to

states and political subdivisions in the U.S.) should be

categorized as “Loans secured by real estate” in Schedule

HC-C. Loans secured by other collateral, such as securities, inventory, or automobiles would require further

examination on both purpose and borrower to properly

categorize the loans in Schedule HC-C. For loan categories in Schedule HC-C that include certain loans to

individuals, the term “individual” may include a trust or

other entity that acts of behalf of (or in place of) an

individual or a group of individuals for purposes of

obtaining the loan. Loans covering two or more classifications are sometimes difficult to classify. In such

instances, classify the entire loan according to the major

criterion.

Report in this schedule all loans that the reporting

holding company or its consolidated subsidiaries have

sold under repurchase agreements. Also report all loans

and leases on the books of the reporting holding company

even if on the report date they are past due and collection

is doubtful. Exclude any loans or leases the holding

company has sold or charged off. Also exclude the fair

value of any assets received in full or partial satisfaction

of a loan or lease (unless the asset received is itself

reportable as a loan or lease) and any loans for which the

holding company has obtained physical possession of the

underlying collateral regardless of whether formal foreclosure or repossession proceedings have been instituted

against the borrower. Refer to the Glossary entries for

‘‘troubled debt restructurings’’ and ‘‘foreclosed assets’’

for further discussions of these topics.

When a holding company acquires either (1) a portion of

an entire loan that does not meet the definition of a

participating interest (i.e., a nonqualifying loan participation) or (2) a qualifying participating interest in a transfer

that does not does not meet all of the conditions for sale

accounting, it should normally report the loan participation or participating interest in Schedule HC, item 4(b),

‘‘Loans and leases, held for investment.’’ The holding

company also should report the loan participation or

participating interest in Schedule HC-C, in the loan

category appropriate to the underlying loan, e.g., as a

‘‘commercial and industrial loan’’ in item 4 or as a ‘‘loan

secured by real estate’’ in item 1. See the Glossary entry

for ‘‘transfers of financial assets’’ for further information.

Exclude, for purposes of this schedule, the following:

(1) Federal funds sold (in domestic offices), i.e., all loans

of immediately available funds (in domestic offices)

that mature in one business day or roll over under a

continuing contract, excluding funds lent in the form

of securities purchased under agreements to resell.

Report federal funds sold (in domestic offices) in

Schedule HC, item 3(a). However, report overnight

lending for commercial and industrial purposes as

loans in this schedule. Also report lending transactions in foreign offices involving immediately available funds with an original maturity of one business

day or under a continuing contract that are not

securities resale agreements as loans in this schedule.

(2) Lending transactions in the form of securities purchased under agreements to resell (report in Schedule

HC, item 3(b), ‘‘Securities purchased under agreements to resell’’).

(3) Contracts of sale or other loans indirectly representing other real estate (report in Schedule HC, item 7,

‘‘Other real estate owned’’).

(4) Undisbursed loan funds, sometimes referred to as

incomplete loans or loans in process, unless the

borrower is liable for and pays the interest thereon. If

interest is being paid by the borrower on the undisbursed proceeds, the amounts of such undisbursed

funds should be included in both loans and deposits.

(Do not include loan commitments that have not yet

been taken down, even if fees have been paid; see

Schedule HC-L, item 1).

(5) All holdings of commercial paper (report in Schedule

HC, item 5, if held for trading; report in Schedule

HC-B, item 4(b), “Other mortgage-backed securities,” item 5, ‘‘Asset-backed securities,’’ or item 6,

‘‘Other debt securities,’’ as appropriate, if held for

purposes other than trading).

Schedule HC-C

FR Y-9C HC-C-3

Schedule HC-C March 2018
Line Item 1 Loans secured by real estate.

Report all loans that meet the definition of a “loan

secured by real estate.” See the Glossary entry for “loan

secured by real estate” for the definition of this term.

For holding companies with domestic offices only:

Report loans secured by real estate as a single total in

column A for the consolidated holding company. Report

in column B within the appropriate subitem below loans

for construction, land development, and other land loans

when they are secured by real estate, loans secured by

farmland, by 1–4 family residential properties, by multifamily properties, and by nonfarm nonresidential properties. The total of the subitems in column B should equal

the consolidated total reported in column A.

For holding companies with domestic and foreign

offices: Report loans secured by real estate as a single

total in column A for the consolidated holding company

and by type of real estate collateral in the appropriate

subitem below in column B.

Include all loans (other than those to states and political

subdivisions in the U.S.), regardless of purpose and

regardless of whether originated by the holding company

or purchased from others, that are secured by real estate

at origination as evidenced by mortgages, deeds of trust,

land contracts, or other instruments, whether first or

junior liens (e.g., equity loans, second mortgages) on real

estate.

Include as loans secured by real estate:

(1) Loans secured by residential properties that are

guaranteed by the Farmers Home Administration

(FmHA) and extended, collected, and serviced by a

party other than the FmHA.

(2) Loans secured by properties and guaranteed by governmental entities in foreign countries.

(3) Participations in pools of Federal Housing Administration (FHA) Title I improvement loans that are

secured by liens (generally, junior liens) on residential properties.

(4) Loans secured by real estate that are guaranteed by

the Small Business Administration (SBA). Include

SBA ‘‘Guaranteed Interest Certificates,’’ which represent a beneficial interest in the entire SBAguaranteed portion of an individual loan, provided

the loan is a loan secured by real estate. (Exclude

SBA ‘‘Guaranteed Loan Pool Certificates,’’ which

represent an undivided interest in a pool of SBAguaranteed portions of loans. SBA ‘‘Guaranteed Loan

Pool Certificates’’ should be reported as securities in

Schedule HC-B, item 2, or, if held for trading, in

Schedule HC, item 5.)

Exclude the following from loans secured by real estate:

(1) Obligations (other than securities) of states and

political subdivisions in the U.S. secured by real

estate (report in item 9 below).

(2) All loans and sales contracts indirectly representing

other real estate (report in Schedule HC, item 7,

‘‘Other real estate owned’’).

(3) Loans to real estate companies, real estate investment

trusts, mortgage lenders, and foreign nongovernmental entities that specialize in mortgage

loan originations and that service mortgages for other

lending institutions when the real estate mortgages or

similar liens on real estate are not sold to the

holding company but are merely pledged as collateral

(report below in item 2, “Loans to depository institutions and acceptances of other banks,” or as all other

loans in item 9, “Loans to nondepository financial

institutions and other loans,” as appropriate).

(4) Notes issued and insured by the Farmers Home

Administration and instruments (certificates of

beneficial ownership and insured note insurance

contracts) representing an interest in Farmers

Home Administration-insured notes (report in Schedule HC-B, item 2, ‘‘U.S. government agency obligations’’).

(5) Bonds issued by the Federal National Mortgage

Association or by the Federal Home Loan Mortgage

Corporation that are collateralized by residential

mortgages (report in Schedule HC-B, item 2).

(6) Pooled residential mortgages for which participation

certificates have been issued or guaranteed by the

Government National Mortgage Association, the

Federal National Mortgage Association, or the Federal Home Loan Mortgage Corporation (report in

Schedule HC-B, item 4(a)). However, if the reporting

holding company is the seller-servicer of the residential mortgages backing such securities and, as a result

of a change in circumstances, it must rebook any of

these mortgages because one or more of the conditions for sale accounting in ASC Topic 860, Transfers and Servicing (formerly FASB Statement

Schedule HC-C

HC-C-4 FR Y-9C

Schedule HC-C June 2014
No. 140, Accounting for Transfers and Servicing of

Financial Assets and Extinguishments of Liabilities,

as amended by FASB Statement No. 166, Accounting

for Transfers of Financial Assets), are no longer met,

the rebooked mortgages should be included in Schedule HC-C as loans secured by real estate.

Line Item 1(a) Construction, land development,

and other land loans.

Report in the appropriate subitem of column B loans

secured by real estate made to finance (a) land development (i.e., the process of improving land - laying sewers,

water pipes, etc.) preparatory to erecting new structures

or (b) the on-site construction of industrial, commercial,

residential, or farm buildings. For purposes of this item,

‘‘construction’’ includes not only construction of new

structures, but also additions or alterations to existing

structures and the demolition of existing structures to

make way for new structures.

Also include in this item:

(1) Loans secured by vacant land, except land known to

be used or usable for agricultural purposes, such as

crop and livestock production (which should be

reported in Schedule HC-C, item 1.b, below, as loans

secured by farmland).

(2) Loans secured by real estate the proceeds of which

are to be used to acquire and improve developed and

undeveloped property.

(3) Loans made under Title I or Title X of the National

Housing Act that conform to the definition of construction stated above and that are secured by real

estate.

Loans written as combination construction-permanent

loans secured by real estate should be reported in this

item until construction is completed or principal amortization payments begin, whichever comes first. When the

first of these events occurs, the loans should begin to be

reported in the real estate loan category in Schedule

HC-C, item 1, appropriate to the real estate collateral. For

purposes of these reports, a combination constructionpermanent loan arises when the lender enters into a

contractual agreement with the original borrower at the

time the construction loan is originated to also provide

the original borrower with permanent financing that

amortizes principal after construction is completed and a

certificate of occupancy is obtained (if applicable). This

construction-permanent loan structure is intended to

apply to situations where, at the time the construction

loan is originated, the original borrower:

• Is expected to be the owner-occupant of the property

upon completion of construction and receipt of a

certificate of occupancy (if applicable), for example,

where the financing is being provided to the original

borrower for the construction and permanent financing

of the borrower’s residence or place of business, or

• Is not expected to be the owner-occupant of the

property, but repayment of the permanent loan will be

derived from rental income associated with the property being constructed after receipt of a certificate of

occupancy (if applicable) rather than from the sale of

the property being constructed.

All construction loans secured by real estate, other than

combination construction-permanent loans as described

above, should continue to be reported in this item after

construction is completed unless and until (1) the loan is

refinanced into a new permanent loan by the reporting

holding company or is otherwise repaid, (2) the holding

company acquires or otherwise obtains physical possession of the underlying collateral in full satisfaction of the

debt, or (3) the loan is charged off. For purposes of these

reports, a construction loan is deemed to be refinanced

into a new permanent loan only if the holding company

originates:

• An amortizing permanent loan to a new borrower

(unrelated to the original borrower) who has purchased

the real property, or

• A prudently underwritten new amortizing permanent

loan at market terms to the original borrower including

an appropriate interest rate, maturity, and loan-to-value

ratio – that is no longer dependent on the sale of the

property for repayment. The loan should have a clearly

identified ongoing source of repayment sufficient to

service the required principal and interest payments

over a reasonable and customary period relative to the

type of property securing the new loan. A new loan to

the original borrower not meeting these criteria (including a new loan on interest-only terms or a new loan

with a short-term balloon maturity that is inconsistent

with the ongoing source of repayment criterion) should

continue to be reported as a ‘‘Construction, land development, and other land loan’’ in the appropriate subitem of Schedule HC-C, item 1(a).

Schedule HC-C

FR Y-9C HC-C-5

Schedule HC-C June 2014
Exclude loans to finance construction and land development that are not secured by real estate (report in other

items of Schedule HC-C, as appropriate).

Line Item 1(a)(1) 1–4 family residential construction loans.

Report in column B the amount outstanding of 1–4 family

residential construction loans, i.e., loans for the purpose of

constructing 1–4 family residential properties, which will

secure the loan. The term “1–4 family residential properties” is defined in Schedule HC-C, item 1(c), below. “1–4

family residential construction loans” include:

• Construction loans to developers secured by tracts of

land on which 1–4 family residential properties, including townhouses, are being constructed.

• Construction loans secured by individual parcels of land

on which single 1–4 family residential properties are

being constructed.

• Construction loans secured by buildings in which individual condominium dwelling units or individual cooperative housing units are being constructed, even if the

buildings have five or more units, where repayment will

come from sales of individual condominium dwelling

units or interests in individual cooperative housing

units, which are 1-4 family residential properties.

• Construction loans secured by single-family dwelling

units in detached or semi-detached structures, including

manufactured housing.

• Construction loans secured by duplex units and townhouses, excluding garden apartment projects where the

total number of units that will secure the permanent

mortgage is greater than four.

• Combination land and construction loans on 1–4 family

residential properties, regardless of the current stage of

construction or development.

• Combination construction-permanent loans on 1–4

family residential properties until construction is completed or principal amortization payments begin, whichever comes first.

• Loans secured by apartment buildings undergoing conversion to condominiums or cooperatives, regardless of

the extent of planned construction or renovation, where

repayment will come from sales of individual condominium dwelling units or interests in individual cooperative housing units, which are 1-4 family residential

properties.

• Bridge loans to developers on 1–4 family residential

properties where the buyer will not assume the same

loan, even if construction is completed or principal

amortization payments have begun.

Line Item 1(a)(2) Other construction loans and all

land development and other land loans.

Report in column B the amount outstanding of all

construction loans for purposes other than constructing

1–4 family residential properties, all land development

loans, and all other land loans. Include loans for the

development of building lots and loans secured by vacant

land, unless the same loan finances the construction of

1–4 family residential properties on the property.

Line Item 1(b) Secured by farmland.

Report in this item loans secured by farmland and

improvements thereon, as evidenced by mortgages or

other liens. Farmland includes all land known to be used

or usable for agricultural purposes, such as crop and

livestock production. Farmland includes grazing or pasture land, whether tillable or not and whether wooded or

not.

Include loans secured by farmland that are guaranteed by

the Farmers Home Administration (FmHA) and extended,

collected, and serviced by a party other than the FmHA.

Exclude, however, loans extended, serviced, collected,

and insured by FmHA (report in Schedule HC-B, item 2,

‘‘U.S. government agency obligations.’’) Also exclude

loans for farm property construction and land development purpose (report in Schedule HC-C, item 1(a)

above).

Line Item 1(c) Secured by 1–4 family residential

properties.

Report in this item open-end and closed-end loans

secured by real estate as evidenced by mortgages (FHA,

FmHA, VA, or conventional) or other liens on the

following:

(1) Nonfarm property containing 1 to 4 dwelling units

(including vacation homes) or more than 4 dwelling

units if each is separated from other units by dividing walls that extend from ground to roof (e.g., row

houses, townhouses, or the like).

Schedule HC-C

HC-C-6 FR Y-9C

Schedule HC-C December 2020
(2) Mobile homes where (a) state laws define the purchase or holding of a mobile home as the purchase or

holding of real property and where (b) the loan to

purchase the mobile home is secured by that mobile

home as evidenced by a mortgage or other instrument

on real property.

(3) Individual condominium dwelling units and loans

secured by an interest in individual cooperative housing units, even if in a building with five or more

dwelling units.

(4) Housekeeping dwellings with commercial units combined where use is primarily residential and where

only 1 to 4 family dwelling units are involved.

A home equity line of credit (HELOC) is a revolving

open-end line of credit secured by a lien on a 1-to-4

family residential property that generally provides a draw

period followed by a repayment period. During the draw

period, a borrower has revolving access to unused

amounts under a specified line of credit. During the

repayment period, the borrower can no longer draw on

the line of credit and the outstanding principal is either

due immediately in a balloon payment or repaid over the

remaining term through monthly payments. HELOCs in

the draw period or in the repayment period should be

reported in Schedule HC-C, Part I, item 1.c.(1).1 Revolving open-end lines of credit that are no longer in the draw

period and have converted to non-revolving closed-end

status also should be reported in Schedule HC-C, Part I,

Memorandum item 15.

Reverse 1–4 family residential mortgages should be

reported in the appropriate subitem based on whether

they are closed-end or open-end mortgages. A reverse

mortgage is an arrangement in which a homeowner

borrows against the equity in his/her home and receives

cash either in a lump sum or through periodic payments.

However, unlike a traditional mortgage loan, no payment

is required until the borrower no longer uses the home as

his or her principal residence. Cash payments to the

borrower after closing, if any, and accrued interest are

added to the principal balance. These loans may have

caps on their maximum principal balance or they may

have clauses that permit the cap on the maximum principal balance to be increased under certain circumstances.

Homeowners generally have one of the following options

for receiving tax free loan proceeds from a reverse

mortgage: (1) one lump sum payment; (2) a line of credit;

(3) fixed monthly payments to homeowner either for a

specified term or for as long as the homeowner lives in

the home; or (4) a combination of the above. Reverse

mortgages that provide for a lump sum payment to the

borrower at closing, with no ability for the borrower to

receive additional funds under the mortgage at a later

date, should be reported as closed-end loans in Schedule

HC-C, item 1(c)(2). Normally, closed-end reverse mortgages are first liens and would be reported in Schedule

HC-C, item 1(c)(2)(a). Reverse mortgages that are structured like home equity lines of credit in that they provide

the borrower with additional funds after closing (either as

fixed monthly payments, under a line of credit, or both)

should be reported as open-end loans in Schedule HC-C,

item 1(c)(1). Open-end reverse mortgages also are normally first liens. Where there is a combination of both a

lump sum payment to the borrower at closing and

payments after the closing of the loan, the reverse

mortgage should be reported as an open-end loan in

Schedule HC-C, item 1(c)(1).

Exclude loans for 1-to-4 family residential property

construction and land development purposes (report in

Schedule HC-C, item 1(a)). Also, exclude loans secured

by vacant lots in established single-family residential

sections or in areas set aside primarily for 1-to-4 family

homes (report in Schedule HC-C, item 1(a)).

Line Item 1(c)(1) Revolving, open-end loans

secured by 1–4 family residential properties and

extended under lines of credit.

Report the amount outstanding under revolving, openend lines of credit secured by 1 to 4 family residential

properties, i.e. HELOCs.

Include revolving, open-end lines of credit secured by

1-to-4 family residential properties for which the draw

periods have ended and the loans have converted to

non-revolving closedend status.1 After their conversion,

1. All HELOCs that convert to non-revolving, closed-end status on or

after January 1, 2021, must be reported as open-end loans in Schedule

HC-C, Part I, 1.c.(1). A holding company that, as of March 31, 2020,

reports HELOCs that convert to non-revolving, closed-end status as closedend loans in Schedule HC-C, Part I, item 1.c.(2)(a) or 1.c.(2) (b), as

appropriate, may continue to report HELOCs that convert on or before

December 31, 2020, as closed-end loans in the FR Y-9C report for report

dates after that date. Alternatively, the holding company may choose to

begin reporting some or all of these closed-end HELOCs as open-end loans

in Schedule HC-C, Part I, item 1.c.(1) as of the March 31, 2020, or any

subsequent report date, provided this reporting treatment is consistently

applied.

Schedule HC-C

FR Y-9C HC-C-7

Schedule HC-C September 2020
such loans should also be reported in Schedule HC-C,

Part I, Memorandum item 15 beginning March 31, 2021.

Also include amounts drawn on a HELOC during its

draw period that the borrower has converted to a closedend loan before the end of this period (sometimes

referred to as a HELOC flex product).

Line Item 1(c)(2) Closed-end loans secured by

1–4 family residential properties.

Report in the appropriate subitem the amount of all

closed-end loans secured by 1 to 4 family residential

properties.

Exclude loans that were extended under revolving, openend lines of credit secured by 1-to-4 family residential

properties for which the draw periods have ended and the

loans have converted to non-revolving closed-end status

(report in Schedule HC-C, Part I, item 1.c(1) above).1

Line Item 1(c)(2)(a) Secured by first liens.

Report the amount of all closed-end loans secured by first

liens on 1 to 4 family residential properties.

Line Item 1(c)(2)(b) Secured by junior liens.

Report the amount of all closed-end loans secured by

junior (i.e., other than first) liens on 1 to 4 family

residential properties.

Line Item 1(d) Secured by multifamily (5 or more)

residential properties.

Report in this item all other nonfarm residential loans

secured by real estate as evidenced by mortgages (FHA

and conventional) or other liens. Specifically, include

loans on the following:

(1) Nonfarm properties with 5 or more dwelling units in

structures (including apartment buildings and apartment hotels) used primarily to accommodate households on a more or less permanent basis.

(2) 5 or more unit housekeeping dwellings with commercial units combined where use is primarily residential.

(3) Cooperative-type apartment buildings containing 5 or

more dwelling units.

Exclude loans for multifamily residential property construction and land development purposes and loans

secured by vacant lots in established multifamily residential sections or in areas set aside primarily for multifamily residential properties (report in item 1(a)(2)). Also

exclude loans secured by nonfarm nonresidential properties (report in item 1(e)).

Line Item 1(e) Secured by nonfarm nonresidential

properties.

Report in the appropriate subitem of column B loans

secured by real estate as evidenced by mortgages or other

liens on nonfarm nonresidential properties, including

business and industrial properties, hotels, motels,

churches, hospitals, educational and charitable institutions, dormitories, clubs, lodges, association buildings,

‘‘homes’’ for aged persons and orphans, golf courses,

recreational facilities, and similar properties.

Exclude loans for nonfarm nonresidential property construction and land development purposes (report in

Schedule HC-C, item 1(a)).

For purposes of reporting loans in Schedule HC-C, items

1(e)(1) and 1(e)(2), below, the determination as to

whether a nonfarm nonresidential property is considered

“owner-occupied” should be made upon acquisition

(origination or purchase) of the loan. Once a holding

company determines whether a loan should be reported

as “owner-occupied” or not, this determination need not

be reviewed thereafter.

Line Item 1(e)(1) Loans secured by

owner-occupied nonfarm nonresidential properties.

Report in column B the amount of loans secured by

owner-occupied nonfarm nonresidential properties.

“Loans secured by owner-occupied nonfarm nonresidential properties” are those nonfarm nonresidential property

loans for which the primary source of repayment is the

cash flow from the ongoing operations and activities

conducted by the party, or an affiliate of the party, who

owns the property. Thus, for loans secured by owneroccupied nonfarm nonresidential properties, the primary

source of repayment is not derived from third party,

nonaffiliated, rental income associated with the property

(i.e., any such rental income is less than 50 percent of the

source of repayment) or the proceeds of the sale, refinancing, or permanent financing of the property. Include

loans secured by hospitals, golf courses, recreational

facilities, and car washes unless the property is owned by

an investor who leases the property to the operator who,

in turn, is not related to or affiliated with the investor (in

which case, the loan should be reported in Schedule

Schedule HC-C

HC-C-8 FR Y-9C

Schedule HC-C March 2020
HC-C, item 1(e)(2), below). Also include loans secured

by churches unless the property is owned by an investor

who leases the property to the congregation (in which

case, the loan should be reported in Schedule HC-C, item

1(e)(2), below).

Line Item 1(e)(2) Loans secured by other nonfarm

nonresidential properties.

Report in column B the amount of nonfarm nonresidential real estate loans that are not secured by owneroccupied nonfarm nonresidential properties.

“Loans secured by other nonfarm nonresidential properties” are those nonfarm nonresidential property loans

where the primary source of repayment is derived from

rental income associated with the property (i.e., loans for

which 50 percent or more of the source of repayment

comes from third party, nonaffiliated, rental income) or

the proceeds of the sale, refinancing, or permanent

financing of the property. Include loans secured by

hotels, motels, dormitories, nursing homes, assistedliving facilities, mini-storage warehouse facilities, and

similar properties in this item as loans secured by other

nonfarm nonresidential properties.

In some instances, it may be appropriate to report loans

secured by nursing homes or assisted-living facilities in

Schedule HC-C, Part I, item 1.e. (1), “Loans secured by

owner-occupied nonfarm nonresidential properties.” The

owner-occupied determination for a loan secured by a

nursing home or an assisted-living facility is based on

whether 50 percent or more of the source of repayment

for the loan comes from the cash flow from the ongoing

operations and activities, such as medical or maintenance

services, conducted by the party, or an affiliate of the

party, who owns the property rather than from third party,

nonaffiliated, rental income associated with the property

or the proceeds from residents or patients exercising

“buy-in” options or “purchase” options on particular

units.

Line Item 2 Loans to depository institutions and

acceptances of other banks.

For holding companies with only domestic offices:

Report in column A in the appropriate subitem loans to

U.S. addressees and loans to non-U.S. addressees. Report

the total in column B.

For holding companies with domestic and foreign

offices: Report in column B the total of loans to depository institutions in the domestic offices of the reporting

consolidated holding companies. Report in column A, on

a fully consolidated basis, the breakdown between loans

to U.S. addressees and loans to non-U.S. addressees.

Report all loans (other than those that meet the definition

of a ‘‘loan secured by real estate’’), including overdrafts

to banks, other depository institutions, and other associations, companies, and financial intermediaries whose

primary business is to accept deposits and to extend

credit for business or for personal expenditure purposes

and holdings at all bankers’ acceptances accepted by

other banks and not held for trading.

Depository institutions cover:

(1) Commercial banks in the U.S., including:

(a) U.S. branches and agencies of foreign banks, U.S.

branches and agencies of foreign official banking

institutions, and investment companies that are

chartered under Article XII of the New York

State banking law and are majority-owned by one

more foreign banks; and

(b) all other commercial banks in the U.S., i.e., U.S.

branches of U.S. banks;

(2) Depository institutions in the U.S., other than commercial banks, including:

(a) credit unions;

(b) mutual or stock savings banks;

(c) savings or building and loan associations;

(d) cooperative banks; and

(e) other similar depository institutions; and

(3) Banks in foreign countries, including:

(a) foreign-domiciled branches of other U.S. banks;

and

(b) foreign-domiciled branches of foreign banks.

See the Glossary entry for ‘‘banks, U.S. and

foreign’’ and ‘‘depository institutions in the U.S.’’

for further discussion of these terms.

Include the following as loans to depository institutions

and acceptances of other banks:

(1) Loans to depository institutions for the purpose of

purchasing or carrying securities.

Schedule HC-C

FR Y-9C HC-C-9

Schedule HC-C June 2019
(2) Loans to depository institutions for which the collateral is a mortgage instrument and not the underlying

real property. Report loans to depository institutions

where the collateral is the real estate itself, as evidenced by mortgages or similar liens, in item 1.

(3) Purchases of mortgages and other loans under agreements to resell that do not involve the lending of

immediately available funds or that mature in more

than one business day, if acquired from depository

institutions.

(4) The acceptances of the consolidated subsidiary banks

of the reporting holding company discounted and

held in their portfolios when the account party is

another depository institution.

(5) Any borrowing or lending of immediately available

funds that matures in more than one business day,

other than security repurchase and resale agreements.

Such transactions are sometimes referred to as ‘‘term

federal funds.’’

Exclude the following from loans to depository

institutions:

(1) All transactions reported in Schedule HC, item 3,

‘‘Federal funds sold and securities purchased under

agreements to resell.’’

(2) Loans secured by real estate, even if extended to

depository institutions (report in item 1).

(3) Loans to holding companies of depository institutions not owned or controlled by the reporting

holding company (report in Schedule HC-C,

item 9(a)).

(4) Loans to real estate investment trusts and to mortgage companies that specialize in mortgage loan

originations and warehousing or in mortgage loan

servicing (report in Schedule HC-C, item 9(a)).

(5) Loans to finance companies and insurance companies (report in Schedule HC-C, item 9(a)).

(6) Loans to brokers and dealers in securities, investment companies, and mutual funds (report in Schedule HC-C, item 9(b)(1)).

(7) Loans to Small Business Investment Companies

(report in Schedule HC-C, item 9(a)).

(8) Loans to lenders other than brokers, dealers, and

banks whose principal business is to extend credit

for the purpose of purchasing or carrying securities

(as described in Federal Reserve Regulation U)

and loans to ‘‘plan lenders’’ (as defined in Federal

Reserve Regulation G) (report in Schedule HC-C,

item 9(b)(1)).

(9) Loans to federally sponsored lending agencies

(report in Schedule HC-C, item 9(a)). (Refer to the

Glossary entry for ‘‘federally sponsored lending

agency’’ for the definition of this term.)

(10) Dollar exchange acceptances created by foreign

governments and official institutions (report in

Schedule HC-C, item 7).

(11) Loans to foreign governments and official institutions, including foreign central banks (report in

Schedule HC-C, item 7). See the Glossary entry for

‘‘foreign governments and official institutions’’ for

the definition of this term.

(12) Acceptances accepted by the reporting holding

company, discounted, and held in its portfolio, when the account party is not another depository institution. Report such acceptances in other

items of Schedule HC-C, according to the account

party.

Line Item 2(a) To U.S. banks and other U.S.

depository institutions.

Report in this item for the fully consolidated holding

company all loans and acceptances and all other instruments evidencing loans (except those secured by real

estate) to depository institutions chartered and headquartered in the U.S. (including U.S.-chartered banks owned

by foreigners), but excluding U.S. branches and agencies

of foreign banks. Include in this item loans to both the

U.S. and foreign branches of U.S. banks. U.S. depository

institutions cover the following:

(1) U.S. commercial banks and their branches, wherever

located; and

(2) other depository institutions in the U.S., i.e.,

(a) credit unions;

(b) mutual or stock savings banks;

(c) savings or building and loan associations;

(d) cooperative banks; and

(e) other similar depository institutions.

Schedule HC-C

HC-C-10 FR Y-9C

Schedule HC-C June 2014
Line Item 2(b) To foreign banks.

Report in this item all loans and acceptances and other

instruments evidencing loans to both the U.S. and foreign

branches of banks chartered and headquartered in a

foreign country. Foreign banks cover the following:

(1) U.S. branches and agencies of foreign banks and

(2) foreign-domiciled branches of foreign banks.

For purposes of these reports, U.S. branches and agencies

of foreign banks include U.S. branches and agencies

of foreign official banking institutions and investment

companies that are chartered under Article XII of the

New York State banking law and that are majority-owned

by one or more foreign banks.

(See the Glossary entry for ‘‘banks, U.S. and foreign’’ for

further discussion of these terms.)

Exclude the following from this item:

(1) dollar exchange acceptances created by foreign governments and official institutions (report in item 7);

and

(2) loans to foreign governments and official institutions,

including foreign central banks (report in item 7).

(See the Glossary entry for ‘‘foreign governments and

official institutions’’ for the definition of this term.)

Also report in this item the holding company’s holdings

of all bankers acceptances accepted by other banks (both

U.S. and non-U.S. banks) and not held in trading accounts.

Acceptances accepted by other banks may be purchased

in the open market or discounted by the reporting holding

company or its consolidated subsidiaries. (For further

information, see the Glossary entry for ‘‘bankers’ acceptances.’’)

Exclude acceptances accepted by the consolidated subsidiary banks of the reporting holding company, discounted,

and held in their portfolios. Such acceptances are to be

reported in other items of this schedule according to the

account party.

Line Item 3 Loans to finance agricultural

production and other loans to farmers.

Report in columns A and B, as appropriate, loans for the

purpose of financing agricultural production. Include

such loans whether secured (other than those that meet

the definition of a ‘‘loan secured by real estate’’) or

unsecured and whether made to farm and ranch owners

and operators (including tenants) or to nonfarmers. All

other loans to farmers, other than those excluded below,

should also be reported in this item.

Include the following as loans to finance agricultural

production and other loans to farmers:

(1) Loans and advances made for the purpose of financing

agricultural production, including the growing and

storing of crops, the marketing or carrying of agricultural products by the growers thereof, and the breeding, raising, fattening, or marketing of livestock.

(2) Loans and advances made for the purpose of financing

fisheries and forestries, including loans to commercial fishermen.

(3) Agricultural notes and other notes of farmers that the

holding company has discounted for, or purchased

from, merchants and dealers, either with or without

recourse to the seller.

(4) Loans to farmers that are guaranteed by the Farmers

Home Administration (FmHA) or by the Small Business Administration (SBA) and that are extended,

serviced, and collected by a party other than the

FmHA or SBA. Include SBA ‘‘Guaranteed Interest

Certificates,’’ which represent a beneficial interest in

the entire SBA-guaranteed portion of an individual

loan, provided the loan is for the financing of agricultural production or other lending to farmers. (Exclude

SBA ‘‘Guaranteed Loan Pool Certificates,’’ which

represent an undivided interest in a pool of SBAguaranteed portions of loans. SBA ‘‘Guaranteed Loan

Pool Certificates’’ should be reported as securities in

Schedule HC-B, item 2.a, or, if held for trading, in

Schedule HC, item 5.)

(5) Loans and advances to farmers for purchases of farm

machinery, equipment, and implements.

(6) Loans and advances to farmers for all other purposes

associated with the maintenance or operations of the

farm, including the following:

(a) purchases of private passenger automobiles and

other retail consumer goods; and

(b) provisions for the living expenses of farmers or

ranchers and their families.

Loans to farmers for household, family, and other personal expenditures (including credit cards and related

plans) that are not readily identifiable as being made to

Schedule HC-C

FR Y-9C HC-C-11

Schedule HC-C June 2014
farmers need not be broken out of item 6 for inclusion in

this item.

Exclude the following from loans to finance agricultural

production and other loans to farmers:

(1) Loans secured by real estate (report in item 1).

(2) Loans to farmers for commercial and industrial purposes, e.g., when a farmer is operating a business

enterprise as well as a farm (report in item 4).

(3) Loans to farmers for the purpose of purchasing or

carrying stocks, bonds, and other securities (report in

Schedule HC-C, item 9(b)(1)).

(4) Loans to farmers secured by oil or mining production

payments (report in item 4).

(5) Notes insured by the Farmers Home Administration

(FmHA) and instruments (certificates of beneficial

ownership, insured note insurance contracts) representing an interest in FmHA-insured notes (report

in Schedule HC-B, item 2, ‘‘U.S. government agency

obligations’’). Such notes and instruments are backed

by loans made, serviced, and collected by the FmHA

and were issued prior to January 1, 1975.

Line Item 4 Commercial and industrial loans.

Note: Items 4(a) and 4(b) are to be completed by HCs

with $5 billion or more in assets. Item 4(c) is to be

completed by holding companies with less than $5

billion in total assets.

For holding companies with domestic offices only:

Report in column A in the appropriate subitem loans to

U.S. addressees and loans to non-U.S. addressees. Report

the total in column B.

For holding companies with domestic and foreign

offices: Report in column B the total of commercial and

industrial loans for the domestic offices only of the

reporting consolidated holding companies. Report in

column A, on a fully consolidated basis, the breakdown

between loans to U.S. addressees and loans to non-U.S.

addressees.

Report loans for commercial and industrial purposes to

sole proprietorships, partnerships, corporations, and other

business enterprises, whether secured (other than those

that meet the definition of a ‘‘loan secured by real

estate’’) or unsecured, single-payment, or installment.

These loans may take the form of direct or purchased

loans.

Include the acceptances of the consolidated banking

subsidiaries of the reporting holding company that they

hold in their portfolio when the account party is a

commercial or industrial enterprise. Also include loans to

individuals for commercial, industrial, and professional

purposes but not for investment or personal expenditure.

Exclude all commercial and industrial loans held in

trading accounts.

Include loans of the types listed below. These descriptions may overlap and are not all inclusive.

(1) Loans for commercial, industrial, and professional

purposes to

(a) mining, oil- and gas-producing, and quarrying

companies;

(b) manufacturing companies of all kinds, including those that process agricultural

commodities;

(c) construction companies;

(d) transportation and communications companies

and public utilities;

(e) wholesale and retail trade enterprises and other

dealers in commodities;

(f) cooperative associations including farmers’

cooperatives;

(g) service enterprises such as hotels, motels, laundries, automotive service stations, and nursing

homes and hospitals operated for profit;

(h) insurance agents; and

(i) practitioners of law, medicine, and public

accounting.

(2) Loans for the purpose of financing capital expenditures and current operations.

(3) Loans to business enterprises guaranteed by the

Small Business Administration (SBA). Include

SBA ‘‘Guaranteed Interest Certificates,’’ which represent a beneficial interest in the entire SBAguaranteed portion of an individual loan, provided

the loan is for commercial and industrial purposes.

(Exclude SBA ‘‘Guaranteed Loan Pool Certificates,’’ which represent an undivided interest in a

Schedule HC-C

HC-C-12 FR Y-9C

Schedule HC-C December 2019
pool of SBA-guaranteed portions of loans. SBA

‘‘Guaranteed Loan Pool Certificates’’ should be

reported as securities in Schedule HC-B, item 2.a,

or, if held for trading, in Schedule HC, item 5.)

(4) Loans to farmers for commercial and industrial

purposes (when farmers operate a business enterprise as well as a farm).

(5) Loans supported by letters of commitment from the

Agency for International Development.

(6) Loans made to finance construction that do not

meet the definition of a ‘‘loan secured by real

estate.’’

(7) Loans to merchants or dealers on their own promissory notes secured by the pledge of their own

installment paper.

(8) Loans extended under credit cards and related plans

that are readily identifiable as being issued in the

name of a commercial or industrial enterprise.

(9) Dealer flooring or floor-plan loans.

(10) Loans collateralized by production payments (e.g.,

oil or mining production payments). Treat as a loan

to the original seller of the production payment

rather than to the holder of the production payment.

For example, report in this item, as a loan to an oil

company, a loan made to a nonprofit organization

collateralized by an oil production payment; do not

include in item 9 as a loan to the nonprofit

organization.

(11) Loans and participations in loans secured by conditional sales contracts made to finance the purchase

of commercial transportation equipment.

(12) Commercial and industrial loans guaranteed by

foreign governmental institutions.

(13) Overnight lending for commercial and industrial

purposes.

Exclude the following from commercial and industrial

loans:

(1) Loans that meet the definition of a ‘‘loan secured by

real estate,’’ even if for commercial and industrial

purposes (report in item 1).

(2) Loans to depository institutions (report in item 2).

(3) Loans to nondepository financial institutions such

as real estate investment trusts, mortgage companies, and insurance companies (report in Schedule

HC-C, item 9(a)).

(4) Loans for the purpose of purchasing or carrying

securities (report in Schedule HC-C, item 9(b)(1)).

(5) Loans for the purpose of financing agricultural

production, whether made to farmers or to nonagricultural businesses (report in item 3).

(6) Loans to nonprofit organizations, such as hospitals

or educational institutions (report in Schedule HC-C,

item 9(b)(2)), except those for which oil or mining

production payments serve as collateral that are to

be reported in this item.

(7) Holdings of acceptances accepted by other banks,

i.e., that are not consolidated on this report by the

reporting holding company (report in item 2).

(8) Holdings of acceptances of banking subsidiaries of

the consolidated holding company when the account

party is another bank (report in item 2) or a foreign

government or official institution (report in item 7).

(9) Equipment trust certificates (report in Schedule HC-B, item 7, or HC-F item 4, as appropriate).

(10) Any commercial or industrial loans and bankers

acceptances, held in the holding company’s trading

accounts (report in Schedule HC, item 5, ‘‘Trading

assets’’).

(11) Commercial paper (report in Schedule HC-B or

Schedule HC-D, as appropriate).

Line Item 4(a) To U.S. addressees (domicile).

Report in column A, as appropriate, all commercial and

industrial loans to U.S. addressees. (For a detailed discussion of U.S. and non-U.S. addressees, see the Glossary

entry for ‘‘domicile.’’)

Line Item 4(b) To non-U.S. addressees (domicile).

Report in column A, as appropriate, all commercial and

industrial loans to non-U.S. addressees. (For a detailed

discussion of U.S. and non-U.S. addressees, see the

Glossary entry for ‘‘domicile.’’)

Line Item 4(c) To U.S. addressees and non-U.S.

addresses (domicile)

Holding companies with less than $5 billion should

report in column A, as appropriate, all commercial and

Schedule HC-C

FR Y-9C HC-C-13

Schedule HC-C June 2014
industrial loans to U.S. and non-U.S. addressees. (For a

detailed discussion of U.S. and non-U.S. addressees, see

the Glossary entry for ‘‘domicile.’’)

Line Item 5 Not applicable.

Line Item 6 Loans to individuals for household,

family, and other personal expenditures (i.e.,

consumer loans) (includes purchased paper).

For holding companies with foreign offices, report the

amount outstanding of loans to individuals for household, family, and personal expenditures in domestic

offices in column B. Report in column A, on a fully

consolidated basis, the breakdown between credit cards,

other revolving credit plans, and other consumer loans.

For holding companies with domestic offices only, report

in column A in the appropriate subitem below credit

cards, other revolving credit plans, and other consumer

loans. Report the total in column B.

Report in the appropriate subitem all credit cards, other

revolving credit plans, and other loans to individuals for

household, family, and personal expenditures. Include

all loans to individuals for household, family, and other

personal expenditures that does not meet the definition of

a ‘‘loan secured by real estate,’’ whether direct loans or

purchased paper. Exclude loans to individuals for the

purpose of purchasing or carrying securities (report in

Schedule HC-C, item 9(b)(1)).

Deposits accumulated by borrowers for the payment of

personal loans (i.e., hypothecated deposits) should be

netted against the related loans.

Line Item 6(a) Credit cards.

Report all extensions of credit to individuals for household, family, and other personal expenditures arising

from credit cards. Report the total amount outstanding of

all funds advanced under these credit cards regardless

of whether there is a period before interest charges are

made. Report the total amount outstanding of all funds

advanced under these credit card plans, regardless of

whether there is a period before interest charges are

made. Report only amounts carried on the books of the

reporting holding company as loans that are outstanding

on the report date, even if the plan is shared with other

organizations and even if accounting and billing are done

by a correspondent bank or the accounting center of a

plan administered by others.

If the reporting holding company has securitized credit

cards and has retained a seller’s interest that is not in the

form of a security, the carrying value of the seller’s

interest should be reported as credit card loans in this

item. For purposes of these reports, the term ‘‘seller’s

interest’’ means the reporting holding company’s ownership interest in loans that have been securitized, except an

interest that is a form of recourse or other seller-provided

credit enhancement. Seller’s interests differ from the

securities issued to investors by the securitization structure. The principal amount of a seller’s interest is generally equal to the total principal amount of the pool of

assets included in the securitization structure less the

principal amount of those assets attributable to investors,

i.e., in the form of securities issued to investors.

Do not net credit balances resulting from overpayment

of account balances on credit cards. Report credit balances

in Schedule HC-E, items 1(a) or 2(a), as appropriate.

Exclude from credit cards:

(1) Credit extended under credit plans to business enterprises (report in Schedule HC-C, item 4, ‘‘Commercial and industrial loans’’).

(2) All credit extended to individuals through credit

cards that meet the definition of a ‘‘loan secured by

real estate’’ (report in Schedule HC-C, item 1).

(3) All credit extended to individuals for household,

family, and other personal expenditures under prearranged overdraft plans (report in Schedule HC-C,

item 6(b)).

If the holding company acts only as agent or correspondent for the other banks or nonbank corporations and

carries no credit card or related plan assets on its books,

enter a ‘‘zero.’’ Holding companies that do not participate

in any such plan should also enter a zero.

Line Item 6(b) Other revolving credit plans.

Report all extensions of credit to individuals for household, family, and other personal expenditures arising

from prearranged overdraft plans and other revolving

credit plans not accessed by credit cards. Report the total

amount outstanding of all funds advanced under these

revolving credit plans, regardless of whether there is a

period before interest charges are made.

Do not net balances resulting from overpayment of

account balances on revolving credit plans. Report credit

Schedule HC-C

HC-C-14 FR Y-9C

Schedule HC-C December 2019
balances in Schedule HC-E, items 1(a) and 2(a) as

appropriate.

Exclude from other revolving credit plans:

(1) All ordinary (unplanned) overdrafts on transaction

accounts not associated with check credit or revolving credit operations (report in other items of Schedule HC-C as appropriate).

(2) Credit extended to individuals for household, family,

and other personal expenditures arising from credit

cards (report in Schedule HC-C, item 6(a)).

Line Item 6(c) Automobile loans.

Report all consumer loans extended for the purpose of

purchasing new and used passenger cars and other vehicles such as minivans, vans, sport-utility vehicles, pickup

trucks, and similar light trucks for personal use. Include

both direct and indirect consumer automobile loans as

well as retail installment sales paper purchased by the

bank from automobile dealers.

Exclude from automobile loans:

(1) Loans that meet the definition of a ‘‘loan secured by

real estate,’’ even if extended for the purpose of

purchasing an automobile.

(2) Consumer loans for purchases of, or otherwise

secured by, motorcycles, recreational vehicles, golf

carts, boats, and airplanes (report in Schedule HC-C,

item 6.d).

(3) Personal cash loans secured by automobiles already

paid for (report in Schedule HC-C, item 6(d)).

(4) Vehicle flooring or floor-plan loans (report in Schedule HC-C, item 4).

(5) Loans to finance purchases of passenger cars and

other vehicles for commercial, industrial, state or

local government, or other nonpersonal nonagricultural use (report in Schedule HC-C, item 4, item 8, or

item 9, as appropriate).

(6) Loans to finance vehicle fleet sales (report in Schedule HC-C, item 4).

(7) Loans to farmers for purchases of passenger cars and

other vehicles used in association with the maintenance or operations of the farm, and loans for

purchases of farm equipment (report in Schedule

HC-C, item 3).

(8) Consumer automobile lease financing receivables

(report in Schedule HC-C, item 10(a)).

All loans to individuals for household, family, and other

personal expenditures (i.e., consumer loans) originated or

purchased before April 1, 2011, that are collateralized by

automobiles, regardless of the purpose of the loan, may

be classified as automobile loans for purposes of this

schedule and other schedules in which information on

automobile loans is to be reported. For consumer loans

originated or purchased on or after April 1, 2011, banks

should exclude from automobile loans any personal cash

loans secured by automobiles already paid for and consumer loans where the purchase of an automobile is not

the primary purpose of the loan (report in Schedule

HC-C, item 6(d)).

Line Item 6(d) Other consumer loans.

Report all other loans to individuals for household,

family, and other personal expenditures (other than those

that meet the definition of a ‘‘loan secured by real estate’’

and other than those for purchasing or carrying securities). Include loans for such purposes as:

(1) purchases of household appliances, furniture, trailers,

and boats;

(2) repairs or improvements to the borrower’s residence

(that do not meet the definition of a ‘‘loan secured by

real estate’’);

(3) educational expenses, including student loans;

(4) medical expenses;

(5) personal taxes;

(6) vacations;

(7) consolidation of personal (nonbusiness) debts;

(8) purchases of real estate or mobile homes to be used

as a residence by the borrower’s family (that do not

meet the definition of a ‘‘loan secured by real

estate’’); and

(9) other personal expenditures.

Other consumer loans may take the form of:

(1) Installment loans, demand loans, single payment

time loans, and hire purchase contracts (for purposes

other than retail sales of passenger cars and other

vehicles such as minivans, vans, sport-utility vehicles, pickup trucks, and similar light trucks for

Schedule HC-C

FR Y-9C HC-C-15

Schedule HC-C June 2014
personal use), and should be reported as loans to

individuals for household, family, and other personal

expenditures regardless of size or maturity and

regardless of whether the loans are made by the

consumer loan department or by any other department of the holding company.

(2) Retail installment sales paper purchased by the holding company from merchants or dealers (other than

dealers of passenger cars and other vehicles such as

minivans, vans, sport-utility vehicles, pickup trucks,

and similar light trucks), finance companies, and

others.

Exclude from other consumer loans:

(1) All direct and purchased loans, regardless of purpose,

that meet the definition of a ‘‘loan secured by real

estate’’ as evidenced by mortgages, deeds of trust,

land contracts, or other instruments, whether first or

junior liens (e.g., equity loans, second mortgages), on

real estate (report in Schedule HC-C, item 1).

(2) Loans to individuals that do not meet the definition of

a ‘‘loan secured by real estate’’ for the purpose of

investing in real estate when the real estate is not to

be used as a residence or vacation home by the

borrower or by members of the borrower’s family

(report as all other loans in Schedule HC-C, item

9(b)).

(3) Loans to individuals for commercial, industrial,

and professional purposes and for ‘‘floor plan’’ or

other wholesale financing (report in Schedule HC-C,

item 4).

(4) Loans to individuals for the purpose of purchasing

or carrying securities (report in Schedule HC-C, item

9(b)).

(5) Loans to individuals for investment (as distinct from

commercial, industrial, or professional) purposes

other than those for purchasing or carrying securities

(report as all other loans in Schedule HC-C, item

9(b)).

(6) Loans to merchants, automobile dealers, and finance

companies on their own promissory notes, secured

by the pledge of installment paper or similar instruments (report in Schedule HC-C, item 4, or as loans

to nondepository financial institutions in Schedule

HC-C, item 9(a), as appropriate).

(7) Loans to farmers, regardless of purpose, to the extent

that can be readily identified as such loans (report in

Schedule HC-C, item 3).

(8) All credit extended to individuals for household,

family, and other personal expenditures arising from:

(a) Credit cards (report in Schedule HC-C, item

6(a));

(b) Prearranged overdraft plans (report in Schedule

HC-C, item 6(b)); and

(c) Retail sales of passenger cars and other vehicles

such as minivans, vans, sport-utility vehicles,

pickup trucks, and similar light trucks for personal use (report in Schedule HC-C, item 6(c)).

Line Item 7 Loans to foreign governments and

official institutions.

Report (in columns A and B when appropriate) all loans

(other than those secured by real estate), including

planned and unplanned overdrafts, to governments in

foreign countries, to their official institutions, and to

international and regional institutions. (See the Glossary

entry for ‘‘foreign governments and official institutions’’

for the definition of this term.)

Include bankers acceptances accepted by the subsidiary

banks of the reporting holding company and held in their

portfolio when the account party is a foreign government

or official institution, including such acceptances for the

purpose of financing dollar exchange. Exclude acceptances that are held in trading accounts.

Include loans to foreign governments, official institutions,

and international and regional institutions (other than

those that meet the definition of a ‘‘loan secured by real

estate’’), including planned and unplanned overdrafts.

Exclude the following from loans to foreign governments

and official institutions:

(1) Loans to nationalized banks and other banking institutions owned by foreign governments and not

functioning as central banks, banks of issue, or

development banks (report in item 2 above).

(2) Loans to U.S. branches and agencies of foreign

official banking institutions (report as a loan to a

commercial bank in the U.S. in item 2).

Schedule HC-C

HC-C-16 FR Y-9C

Schedule HC-C June 2014
(3) Loans to foreign-government-owned nonbank corporations and enterprises (report in item 4 or 9, as

appropriate).

Line Item 8 Not applicable.

Line Item 9 Loans to nondepository financial

institutions and other loans.

Report in columns A and B, as appropriate, loans to

nondepository financial institutions, loans for purchasing

or carrying securities, and all other loans that cannot

properly be reported in one of the preceding items in this

schedule.

Loans to nondepository financial institutions include:

(1) Loans (other than those that meet the definition of a

‘‘loan secured by real estate’’) to real estate investment trusts and to mortgage companies that specialize in mortgage loan originations and warehousing or

in mortgage loan servicing. (Exclude outright purchases of mortgages or similar instruments by the

holding company from such companies, which -

unless held for trading - are to be reported in

Schedule HC-C, item 1.)

(2) Loans to other unrelated holding companies.

(3) Loans to insurance companies.

(4) Loans to finance companies, mortgage finance companies, factors and other financial intermediaries,

short-term business credit institutions that extend

credit to finance inventories or carry accounts receivable, and institutions whose functions are predominantly to finance personal expenditures (exclude

loans to financial corporations whose sole function is

to borrow money and relend it to its affiliated companies or a corporate joint venture in which an affiliated

company is a joint venturer).

(5) Loans to federally-sponsored lending agencies (see

the Glossary entry for ‘‘federally-sponsored lending

agency’’ for the definition of this term).

(6) Loans to investment banks.

(7) Loans and advances made to a bank subsidiary’s own

trust department.

(8) Loans to other domestic and foreign financial intermediaries whose functions are predominantly the

extending of credit for business purposes, such as

investment companies that hold stock of operating

companies for management or development purposes.

(9) Loans to Small Business Investment Companies.

Other loans include (1) loans for purchasing or carrying

securities and (2) all other loans, as described below.

Loans for purchasing or carrying securities include:

(1) All loans to brokers and dealers in securities (other

than those that meet the definition of a ‘‘loan secured

by real estate’’ and those to depository institutions).

(2) All loans, whether secured (other than those that

meet the definition of a ‘‘loan secured by real estate’’)

or unsecured, to any other borrower for the purpose

of purchasing or carrying securities, such as:

(a) Loans made to provide funds to pay for the

purchase of securities at settlement date.

(b) Loans made to provide funds to repay indebtedness incurred in purchasing securities.

(c) Loans that represent the renewal of loans to

purchase or carry securities.

(d) Loans to investment companies and mutual funds,

but excluding loans to Small Business Investment Companies.

(e) Loans to ‘‘plan lenders’’ as defined in Section

221.4(a) of Federal Reserve Regulation U.

(f) Loans to Employee Stock Ownership Plans

(ESOPs).

For purposes of this report, the purpose of a loan

collateralized by ‘‘stock’’ is determined as follows:

(a) For loans that are collateralized in whole or in

part by ‘‘margin stock,’’ as defined by Federal

Reserve Regulation U, the purpose of the loan is

determined by the latest Statement of Purpose

(Form FR U-1) on file.

(b) For loans that are collateralized by ‘‘stock’’ other

than ‘‘margin stock,’’ the holding company may

determine the purpose of the loan according to

the most current information available.

Exclude from loans for purchasing or carrying securities:

(1) Loans to banks in foreign countries that act as

brokers and dealers in securities (report in Schedule

HC-C, item 2).

Schedule HC-C

FR Y-9C HC-C-17

Schedule HC-C June 2014
(2) Loans to depository institutions for the purpose of

purchasing or carrying securities (report Schedule

HC-C, item 2).

(3) Transactions reportable in Schedule HC, item 3,

‘‘Federal funds sold and securities purchased under

agreements to resell.’’

(4) Loans that meet the definition of a ‘‘loan secured by

real estate’’ (report in Schedule HC-C, item 1).

All other loans include all loans and discounts (other than

loans to nondepository financial institutions and loans for

purchasing or carrying securities) that cannot properly be

reported in one of the preceding items in Schedule HC-C,

such as:

(1) Unplanned overdrafts to deposit accounts (except

overdrafts of depository institutions, which are to be

reported in Schedule HC-C, item 2; and overdrafts of

foreign governments and official institutions, which

are to be reported in Schedule HC-C, item 7.

(2) Loans (other than those that meet the definition of a

‘‘loan secured by real estate’’) to nonprofit organizations (e.g., churches, hospitals, educational and charitable institutions, clubs, and similar associations)

except those collateralized by production payments

where the proceeds ultimately go to a commercial or

industrial organization (which are to be reported in

Schedule HC-C, item 4).

(3) Loans to individuals for investment purposes (as

distinct from commercial, industrial, or professional

purposes), other than those that meet the definition of

a ‘‘loan secured by real estate.’’

(4) Obligations (other than securities and leases) of

states and political subdivisions in the U.S.

Exclude from all other loans extensions of credit initially

made in the form of planned or ‘‘advance agreement’’

overdrafts other than those made to borrowers of the

types whose obligations are specifically reportable in this

item (report such planned overdrafts in other items of

Schedule HC-C, as appropriate). For example, report

advances to banks in foreign countries in the form of

‘‘advance agreement’’ overdrafts as loans to depository

institutions in Schedule HC-C, item 2, and overdrafts

under consumer check-credit plans as ‘‘Other revolving

credit plans’’ to individuals in Schedule HC-C, item 6(b).

Report both planned and unplanned overdrafts on ‘‘due

to’’ deposit accounts of depository institutions in Schedule HC-C, item 2.

Line Item 9(a) Loans to nondepository financial

institutions.

Report in columns A and B, as appropriate, all loans to

nondepository financial institutions as described above.

Line Item 9(b) Other loans.

Note: Item 9(b)(1) and 9(b)(2) are to be completed by

holding companies with $5 billion or more in total

consolidated assets. Item 9(b)(3) is to be reported by

holding companies with less than $5 billion in total

assets.

Line Item 9(b)(1) Loans for purchasing or

carrying securities.

Report in columns A and B, as appropriate, all loans for

purchasing or carrying securities as described above.

Line Item 9(b)(2) All other loans.

Report in columns A and B, as appropriate, all other

loans as described above.

Line Item 9(b)(3) Loans for purchasing or

carrying securities and all other loans.

Holding companies with less than $5 billion should

report in columns A an B, as appropriate. Loans for

purchasing or carrying securities (secured or unsecured)

and all other loans (exclude consumer loans) as described

above.

Line Item 10 Lease financing receivables (net of

unearned income).

Report the net investments in all:

(1) Direct financing leases accounted for under ASC

Topic 840, Leases, by an institution that has not

adopted ASC Topic 842, Leases, including the estimated residual value of leased property and any

unamortized initial direct costs, net of unearned

income;

(2) Direct financing and sales-type leases accounted for

under ASC Topic 842 by an institution that has

Schedule HC-C

HC-C-18 FR Y-9C

Schedule HC-C June 2014
adopted ASC Topic 842, including the lease receivable, unamortized initial direct costs (if applicable),

and the unguaranteed residual asset, net of any

deferred selling profit on a direct financing lease; and

(3) Leveraged leases accounted for under ASC Topic 840

(including leveraged leases that were grandfathered

upon the adoption of ASC Topic 842 and remain

grandfathered).

Holding companies should report the total amount of

these leases in domestic offices in column B and a

breakdown of these leases for the fully consolidated

holding company between leases to individuals for

household, family, and other personal expenditures and

all other leases in column A. For further discussion of

leases where the holding company is the lessor, refer to

the Glossary entry for “lease accounting.”

Include all leases to states and political subdivisions in

the U.S. in this item.

Note: Items 10(a) and 10(b) are to be completed by

holding companies with $5 billion or more in total

consolidated assets. Item 10(c) is to be reported by

holding companies with less than $5 billion in total

assets.

Line Item 10(a) Leases to individuals for

household, family, and other personal expenditures.

Report in column A the net investments in all leases to

individuals for household, family, and other personal

expenditures (i.e., consumer leases). Include direct financing leases accounted for under ASC Topic 840, Leases,

by an institution that has not adopted ASC Topic 842,

Leases; direct financing and sales-type leases accounted

for under ASC Topic 842 by an institution that has

adopted this topic; and leveraged leases accounted for

under ASC Topic 840 (including those that were grandfathered upon the adoption of ASC Topic 842 and remain

grandfathered). For further information on extending

credit to individuals for consumer purposes, refer to the

instructions for Schedule HC-C, part I, items 6.c, “Automobile loans,” and 6.d, “Other consumer loans.”

Line Item 10(b) All other leases.

Report in column A the net investments in all leases to

lessees other than for household, family, and other personal expenditure purposes. Include direct financing

leases accounted for under ASC Topic 840, Leases, by an

institution that has not adopted ASC Topic 842, Leases;

direct financing and sales-type leases accounted for under

ASC Topic 842 by an institution that has adopted this

topic; and leveraged leases accounted for under ASC

Topic 840 (including those that were grandfathered upon

the adoption of ASC Topic 842 and remain grandfathered).

Line Item 10(c) Lease finance receivable.

Holding companies with less than $5 billion should

report in column A, all outstanding balances relating to

lease finance receivables acquired by the fully consolidated holding company. Include direct financing leases

accounted for under ASC Topic 840, Leases, by an

institution that has not adopted ASC Topic 842, Leases;

direct financing and sales-type leases accounted for under

ASC Topic 842 by an institution that has adopted this

topic; and leveraged leases accounted for under ASC

Topic 840 (including those that were grandfathered upon

the adoption of ASC Topic 842 and remain grandfathered).

Line Item 11 LESS: Any unearned income on

loans reflected in items 1–9 above.

To the extent possible, the preferred treatment is to report

the specific loan categories net of both unearned income

and net unamortized loan fees. A reporting holding

company should enter in columns A and B of this item, as

appropriate, unearned income and net unamortized loan

fees only to the extend that these amounts are included in

(i.e., not deducted from) the various loan items (items 1

through 9) of this schedule. If a holding company reports

each loan item of this schedule net of both unearned

income and net unamortized loan fees, enter a zero in this

item.

Do not include net unamortized direct loan origination

costs in this item; such costs must be added to the related

loan balances reported in Schedule HC-C, items 1

through 9. In addition, do not include unearned income

on lease financing receivables in this item. Leases should

be reported net of unearned income in Schedule HC-C,

item 10.

Line Item 12 Total loans and leases, held for

investment and held for sale.

Report in columns A and B, as appropriate, the sum of

items 1 through 10 less the amount reported in item 11.

Schedule HC-C

FR Y-9C HC-C-19

Schedule HC-C September 2020
The total of column A must equal Schedule HC, sum of

items 4(a) and 4(b).

Memoranda

Line Item M1 Loans restructured in troubled

debt restructurings that are in compliance with

their modified terms.

Report in the appropriate subitem loans that have been

restructured in troubled debt restructurings and are in

compliance with their modified terms. As set forth in

ASC Subtopic 310-40, Receivables – Troubled Debt

Restructurings by Creditors (formerly FASB Statement

No. 15, Accounting by Debtors and Creditors for Troubled

Debt Restructurings,’’ as amended by FASB Statement

No. 114, Accounting by Creditors for Impairment of a

Loan), a troubled debt restructuring is a restructuring of a

loan in which a holding company, for economic or legal

reasons related to a borrower’s financial difficulties,

grants a concession to the borrower that it would not

otherwise consider. For purposes of this Memorandum

item, the concession consists of a modification of terms,

such as a reduction of the loan’s stated interest rate,

principal, or accrued interest or an extension of the loan’s

maturity date at a stated interest rate lower than the

current market rate for new debt with similar risk,

regardless of whether the loan is secured or unsecured

and regardless of whether the loan is guaranteed by the

government or by others.

Once an obligation has been restructured in a troubled

debt restructuring, it continues to be considered a troubled

debt restructuring until paid in full or otherwise settled,

sold, or charged off. However, if a restructured obligation

is in compliance with its modified terms and the restructuring agreement specifies an interest rate that at the time

of the restructuring is greater than or equal to the rate that

the holding company was willing to accept for a new

extension of credit with comparable risk, the loan need

not continue to be reported as a troubled debt restructuring in this Memorandum item in calendar years after the

year in which the restructuring took place. A loan

extended or renewed at a stated interest rate equal to the

current interest rate for new debt with similar risk is not

considered a troubled debt restructuring. Also, a loan to a

third party purchaser of ‘‘other real estate owned’’ by the

reporting holding company for the purpose of facilitating

the disposal of such real estate is not considered a

troubled debt restructuring. For further information, see

the Glossary entry for ‘‘troubled debt restructurings.’’

Include in the appropriate subitem all loans restructured

in troubled debt restructurings as defined above that are

in compliance with their modified terms, that is, restructured loans (1) on which all contractual payments of

principal or interest scheduled that are due under the

modified repayment terms have been paid or (2) on

which contractual payments of both principal and interest

scheduled under the modified repayment terms are less

than 30 days past due.

Exclude from this item (1) those loans restructured in

troubled debt restructurings on which under their modified repayment terms either principal or interest is 30

days or more past due and (2) those loans restructured in

troubled debt restructurings that are in nonaccrual status

under their modified repayment terms. Report such loans

restructured in troubled debt restructurings in the category and column appropriate to the loan in Schedule

HC-N, items 1 through 8, column A, B, or C, and in

Schedule HC-N, Memoranda items 1(a) through 1(f),

column A, B, or C.

Loan amounts should be reported net of unearned income

to the extent that they are reported net of unearned

income in Schedule HC-C.

Note: HC-C memo items 1(a)(1) through 1(d)(2) and

1(e)(3) through 1(f)(3)(c) are to be completed semiannually in June and December by HCs with less than $5

billion total assets.

Line Item M1(a) Construction, land development,

and other land loans (in domestic offices):

Line Item M1(a)(1) 1-4 family construction loans.

Report all loans secured by real estate for the purpose of

constructing 1-4 family residential properties (as defined

for Schedule HC-C, item 1(a)(1), column B) that have

been restructured in troubled debt restructurings and are

in compliance with their modified terms. Exclude from

this item 1-4 family construction loans restructured in

troubled debt restructurings that, under their modified

repayment terms, are past due 30 days or more or are in

nonaccrual status (report in Schedule HC-N, item 1(a)(1)

and Memorandum item 1(a)(1)).

Line Item M1(a)(2) Other construction loans and

all land development and other land loans.

Report all construction loans for purposes other than

constructing 1-4 family residential properties, all land

Schedule HC-C

HC-C-20 FR Y-9C

Schedule HC-C December 2019
development loans, and all other land loans (as defined

for Schedule HC-C, item 1(a)(2), column B) that have

been restructured in troubled debt restructurings and are

in compliance with their modified terms. Exclude from

this item other construction loans and all land development and other land loans restructured in troubled debt

restructurings that, under their modified repayment terms,

are past due 30 days or more or are in nonaccrual status

(report in Schedule HC-N, item 1(a)(2) and Memorandum item 1(a)(2)).

Line Item M1(b) Loans secured by 1-4 family

residential properties (in domestic offices).

Report all loans secured by 1-4 family residential properties (in domestic offices) (as defined for Schedule HC-C,

item 1(c), column B) that have been restructured in

troubled debt restructurings and are in compliance with

their modified terms. Exclude from this item loans

secured by 1-4 family residential properties restructured

in troubled debt restructurings that, under their modified

repayment terms, are past due 30 days or more or are in

nonaccrual status (report in Schedule HC-N, item 1(c)

and Memorandum item 1(b)). Also exclude from this

item all 1-4 family construction loans that have been

restructured in troubled debt restructurings and are in

compliance with their modified terms (report in Schedule

HC-C, Memorandum item 1(a)(1), above).

Line Item M1(c) Loans secured by multifamily (5

or more) residential properties (in domestic offices).

Report all loans secured by multifamily (5 or more)

residential properties (in domestic offices) (as defined for

Schedule HC-C, item 1(d), column B) that have been

restructured in troubled debt restructurings and are in

compliance with their modified terms. Exclude from this

item loans secured by multifamily residential properties

restructured in troubled debt restructurings that, under

their modified repayment terms, are past due 30 days or

more or are in nonaccrual status (report in Schedule

HC-N, item 1(d) and Memorandum item 1(c)).

Line Item M1(d) Secured by nonfarm

nonresidential properties (in domestic offices):

Line Item M1(d)(1)) Loans secured by

owner-occupied nonfarm nonresidential properties.

Report all loans secured by owner-occupied nonfarm

nonresidential properties (as defined for Schedule HC-C,

item 1(e)(1), column B) that have been restructured in

troubled debt restructurings and are in compliance with

their modified terms. Exclude from this item loans

secured by owner-occupied nonfarm nonresidential properties restructured in troubled debt restructurings that,

under their modified repayment terms, are past due 30

days or more or are in nonaccrual status (report in

Schedule HC-N, item 1(e)(1) and Memorandum item

1(d)(1)).

Line Item M1(d)(2) Loans secured by other

nonfarm nonresidential properties.

Report all loans secured by other nonfarm nonresidential

properties (as defined for Schedule HC-C, item 1(e)(2),

column B) that have been restructured in troubled debt

restructurings and are in compliance with their modified

terms. Exclude from this item loans secured by other

nonfarm nonresidential properties restructured in troubled

debt restructurings that, under their modified repayment

terms, are past due 30 days or more or are in nonaccrual

status (report in Schedule HC-N, item 1(e)(2) and Memorandum item 1(d)(2)).

Note: Items M1(e)(1) and M1(e)(2) are to be completed

by holding companies with $5 billion or more in total

assets. Item M1(e)(3) is to be reported by holding

companies with less than $5 billion in total assets.

Line Item M1(e) Commercial and industrial loans.

Report all commercial and industrial loans (as defined for

Schedule HC-C, item 4) that have been restructured in

troubled debt restructurings and are in compliance with

their modified terms. Report a breakdown of these

restructured loans between those to U.S. and non-U.S.

addressees for the fully consolidated bank in Memorandum items 1(e)(1) and (2). Exclude commercial and

industrial loans restructured in troubled debt restructurings that, under their modified repayment terms, are past

due 30 days or more or are in nonaccrual status (report in

Schedule HC-N, item 4 and Memorandum item 1(e)).

Line Item M1(e)(1) To U.S. addressees (domicile).

Report all commercial and industrial loans to U.S.

addressees (as defined for Schedule HC-C, item 4(a)) that

have been restructured in troubled debt restructurings and

are in compliance with their modified terms. Exclude

from this item commercial and industrial loans to U.S.

addressees restructured in troubled debt restructurings

that, under their modified repayment terms, are past due

30 days or more or are in nonaccrual status (report in

Schedule HC-C

FR Y-9C HC-C-21

Schedule HC-C December 2019
Schedule HC-N, item 4(a) and Memorandum item

1(e)(1)).

Line Item M1(e)(2) To non-U.S. addressees

(domicile).

Report all commercial and industrial loans to non-U.S.

addressees (as defined for Schedule HC-C, item 4(b))

that have been restructured in troubled debt restructurings and are in compliance with their modified terms.

Exclude from this item commercial and industrial loans

to non-U.S. addressees restructured in troubled debt

restructurings that, under their modified repayment terms,

are past due 30 days or more or are in nonaccrual status.

Line Items M1(e)(3) To U.S. addresses and

non-U.S. addresses (domicile).

Holding companies with less than $5 billion should

report all commercial and industrial loans to U.S. addresses

and non-U.S. addresses that have been restructured in

troubled debt restructuring and are in compliance with

their modified terms. Exclude from this item commercial

and industrial loans restructured in troubled debt restructurings that, under their modified terms, are past due

30 days or more or are in nonaccrual status.

Line Item M1(f) All other loans.

Report all other loans that cannot properly be reported in

Memorandum items 1(a) through 1(e) above that have

been restructured in troubled debt restructurings and are

in compliance with their modified terms. Exclude from

this item all other loans restructured in troubled debt

restructurings that, under their modified repayment terms,

are past due 30 days or more or are in nonaccrual status

(report in Schedule HC-N).

Include in this item loans in the following categories that

have been restructured in troubled debt restructurings and

are in compliance with their modified terms:

(1) Loans secured by farmland (in domestic offices) (as

defined for Schedule HC-C, item 1.b, column B);

(2) Loans to depository institutions and acceptances of

other banks (as defined for Schedule HC-C, item 2);

(3) Loans to finance agricultural production and other

loans to farmers (as defined for Schedule HC-C,

item 3);

(4) Loans to individuals for household, family, and other

personal expenditures (as defined for Schedule HC-C

item 6);

(5) Loans to foreign governments and official institutions (as defined for Schedule HC-C, item 7);

(6) Obligations (other than securities and leases) of

states and political subdivisions in the U.S. (included

in Schedule HC-C, item 9(b)(2));

(7) Loans to nondepository financial institutions and

other loans (as defined for Schedule HC-C, item 9);

and

(8) Loans secured by real estate in foreign offices (as

defined for Schedule HC-C, item 1, column A).

Report in Schedule HC-C, Memorandum items 1(f)(1)

through 1(f)(3), each category of loans within ‘‘All other

loans’’ that have been restructured in troubled debt

restructurings and are in compliance with their modified

terms, and the dollar amount of loans in such category,

that exceeds 10 percent of total loans restructured in

troubled debt restructurings that are in compliance with

their modified terms (i.e., 10 percent of the sum of

Schedule HC-C, Memorandum items 1(a) through 1(f)).

Preprinted captions have been provided in Memorandum

items 1(f)(1) through 1(f)(3) for reporting the amount of

such restructured loans for the following loan categories

if the amount for a loan category exceeds the 10 percent

reporting threshold: Loans secured by farmland (in

domestic offices); Loans to finance agricultural production and other loans to farmers; (Consumer) Credit cards;

Automobile loans: and Other consumer loans.

Line Item M1(g) Total loans restructured in

troubled debt restructurings that are in compliance

with their modified terms.

Report the sum of Memorandum items 1.a.(1) through

(1.f.).

Line Item M2 Loans to finance commercial

real estate, construction, and land development

activities (not secured by real estate) included

in Schedule HC-C, items 4 and 9 above.

Report in this item loans to finance commercial and

residential real estate activities, e.g., acquiring, developing and renovating commercial and residential real

estate, that are reported in Schedule HC-C, item 4,

Schedule HC-C

HC-C-22 FR Y-9C

Schedule HC-C December 2019
“Commercial and industrial loans,” and item 9, “Other

loans,” column A.

Such loans generally may include:

(1) loans made for the express purpose of financing real

estate ventures as evidenced by loan documentation

or other circumstances connected with the loan; or

(2) loans made to organizations or individuals 80 percent

of whose revenue or assets are derived from or

consist of real estate ventures or holdings.

Exclude from this item all loans secured by real estate

that are reported in Schedule HC-C, item 1, above. Also

exclude loans to commercial and industrial firms where

the sole purpose for the loan is to construct a factory or

office building to house the company’s operations or

employees.

Note: Line items M3 and M4 are to be reported only by

holding companies with $5 billion or more in total

assets.

Line Item M3 Loans secured by real estate

to non-U.S. addressees (domicile) (included

in Schedule HC-C, item 1, column A)

Report the amount of loans secured by real estate to

non-U.S. addressees included in Schedule HC-C, item 1.

For a detailed discussion of U.S. and non-U.S. addressees, see the Glossary entry for ‘‘domicile.’’

Line Item M4 Outstanding credit card fees and

finance charges.

This item is to be completed by (1) holding companies

that, together with affıliated institutions, have outstanding credit card receivables that exceed $500 million as of

the report date or (2) holding companies that on a

consolidated basis are credit card specialty holding

companies.

Outstanding credit card receivables are the sum of:

(a) Schedule HC-C, item 6(a), column A;

(b) Schedule HC-S, item 1, column C; and

(c) Schedule HC-S, item 6(a), column C.

Credit card specialty holding companies are defined as

those holding companies that on a consolidated basis

exceed 50 percent for the following two criteria:

(a) the sum of credit card loans (Schedule HC-C,

item 6(a), column A) plus securitized and sold

credit card receivables (Schedule HC-S, item 1,

column C) divided by the sum of total loans

(Schedule HC-C, item 12, column A) plus securitized and sold credit card receivables (Schedule

HC-S, item 1, column C); and

(b) the sum of total loans (Schedule HC-C, item 12,

column A) plus securitized and sold credit card

receivables (Schedule HC-S, item 1, column C)

divided by the sum of total assets (Schedule HC,

item 12) plus securitized and sold credit card

receivables (Schedule HC-S, item 1, column C).

Report the amount of fees and finance charges included

in the amount of credit card receivables reported in

Schedule HC-C, item 6(a), column A.

Note: Memorandum items 5(a) and 5(b) are to be completed only by holding companies that have not adopted

ASU 2016-13 and are to be reported semiannually in the

June and December reports only. Holding companies

that have adopted ASU 2016-13 should leave these two

items blank.

Line Item M5 Purchased credit-impaired loans

held for investment accounted for in accordance

with ASC Subtopic 310-30.

Report in the appropriate subitem the outstanding balance and amount of ‘‘purchased credit-impaired loans’’

reported as held for investment in Schedule HC-C, items

1 through 9, and accounted for in accordance with ASC

Subtopic 310-30, Receivables – Loans and Debt Securities Acquired with Deteriorated Credit Quality (formerly

AICPA Statement of Position 03-3, Accounting for Certain Loans or Debt Securities Acquired in a Transfer).

Purchased credit-impaired loans are loans that a holding

company has purchased, including those acquired in a

purchase business combination, where there is evidence

of deterioration of credit quality since the origination of

the loan and it is probable, at the purchase date, that the

holding company will be unable to collect all contractually required payments receivable. Loans held for investment are those that the holding company has the intent

and ability to hold for the foreseeable future or until

maturity or payoff.

Line Item M5(a) Outstanding balance.

Report the outstanding balance of all purchased creditimpaired loans reported as held for investment in Schedule HC-C, items 1 through 9. The outstanding balance is

Schedule HC-C

FR Y-9C HC-C-23

Schedule HC-C December 2019
the undiscounted sum of all amounts, including amounts

deemed principal, interest, fees, penalties, and other

under the loan, owed to the holding company at the report

date, whether or not currently due and whether or not any

such amounts have been charged off. However, the

outstanding balance does not include amounts that would

be accrued under the contract as interest, fees, penalties,

and other after the report date.

Line Item M5(b) Amount included in Schedule

HC-C, items 1 through 9.

Report the carrying amount (before any allowances established after acquisition for decreases in cash flows

expected to be collected) of, i.e., the recorded investment

in, all purchased credit-impaired loans reported as held

for investment. The recorded investment in these loans

will have been included in Schedule HC-C, items 1

through 9.

Note: Memorandum items 6(a), 6(b), and 6(c) are to be

completed semiannually in the June and December

reports only.

Line Item M6 Closed-end loans with negative

amortization features secured by 1–4 family

residential properties in domestic offices.

Report in the appropriate subitem the amount of closedend loans with negative amortization features secured by

1–4 family residential properties and, if certain criteria

are met, the maximum remaining amount of negative

amortization contractually permitted on these loans and

the total amount of negative amortization included in the

amount of these loans. Negative amortization refers to a

method in which a loan is structured so that the borrower’s minimum monthly (or other periodic) payment is

contractually permitted to be less than the full amount of

interest owed to the lender, with the unpaid interest added

to the loan’s principal balance. The contractual terms of

the loan provide that if the borrower allows the principal

balance to rise to a pre-specified amount or maximum

cap, the loan payments are then recast to a fully amortizing schedule. Negative amortization features may be

applied to either adjustable rate mortgages or fixed rate

mortgages, the latter commonly referred to as graduated

payment mortgages (GPMs).

Exclude reverse 1–4 family residential mortgage loans as

described in the instructions for Schedule HC-C, item 1(c).

Line Item M6(a) Total amount of closed-end loans

with negative amortization features secured by 1–4

family residential properties (included in Schedule

HC-C, items 1.c.(2)(a) and (b)).

This item is to be completed by all holding companies.

Report the total amount (before any loan loss allowances)

of, i.e., the recorded investment in, closed-end loans

secured by 1–4 family residential properties whose terms

allow for negative amortization. The amounts included in

this item will also have been reported in Schedule HC-C,

items 1(c)(2)(a) and (b).

Memorandum items 6(b) and 6(c) are to be completed

semiannually in the June and December reports only by

holding companies that had closed-end loans with

negative amortization features secured by 1–4 family

residential properties (as reported in Schedule HC-C,

Memorandum item 6(a)) as of the previous December

31 report date that exceeded the lesser of $100 million

or 5 percent of total loans and leases, held for investment and held for sale, in domestic offices (as reported

in Schedule HC-C item 12, column B) as of the previous

December 31 report date.

Line Item M6(b) Total maximum remaining

amount of negative amortization contractually

permitted on closed-end loans secured by 1–4

family residential properties.

For all closed-end loans secured by 1–4 family residential properties whose terms allow for negative amortization (that were reported in Schedule HC-C, Memorandum item 6(a), report the total maximum remaining

amount of negative amortization permitted under the

terms of the loan contract (i.e., the maximum loan

principal balance permitted under the negative amortization cap less the principal balance of the loan as of the

quarter-end report date).

Line Item M6(c) Total amount of negative

amortization on closed-end loans secured by 1–4

family residential properties included in the amount

reported in Memorandum item 6(a) above.

For all closed-end loans secured by 1–4 family residential properties whose terms allow for negative amortization, report the total amount of negative amortization

included in the amount (i.e., the total amount of interest

added to the original loan principal balance that has not

Schedule HC-C

HC-C-24 FR Y-9C

Schedule HC-C March 2019
yet been repaid) reported in Schedule HC-C, Memorandum item 6(a) above. Once a loan reaches its maximum

principal balance, the amount of negative amortization

included in the amount should continue to be reported

until the principal balance of the loan has been reduced

through cash payments below the original principal balance of the loan.

Line Item M7 Not applicable.

Line Item M8 Not applicable.

Line Item M9 Loans secured by 1–4 family

residential properties (in domestic offices) in process

of foreclosure.

Report the total unpaid principal balance of loans secured

by 1–4 family residential properties (in domestic offices)

included in Schedule HC-C, item 1(c), column B, for

which formal foreclosure proceedings to seize the real

estate collateral have started and are ongoing as of

quarter-end, regardless of the date the foreclosure procedure was initiated. Loans should be classified as in

process of foreclosure according to local requirements. If

a loan is already in process of foreclosure and the

mortgagor files a bankruptcy petition, the loan should

continue to be reported as in process of foreclosure until

the bankruptcy is resolved. Exclude loans where the

foreclosure process has been completed and the holding

company reports the real estate collateral as “Other real

estate owned” in Schedule HC, item 7. This item should

include both closed-end and open-end 1–4 family residential mortgage loans that are in process of foreclosure.

Line Item M10 Not applicable.

Line Item M11 Not applicable.

Line Item M12 Loans (not subject to the

requirements of ASC 310-10) (Former AICPA of

Position 03-3) and leases held for investment that

were acquired in business combinations with

acquisition dates in the current calendar year.

Note: Memorandum items 12(a), 12(b), 12(c) and 12(d)

are to be completed semiannually in the June and

December reports only and by HCs with $5 billion or

more in total total assets. Item M12(e) is to be reported

by holding companies with less than $5 billion in total

assets.

Report in the appropriate subitem and column the specified information on loans and leases held for investment

purposes that were acquired in a business combination,

as prescribed under ASC Topic 805, Business Combinations (formerly FASB Statement No. 141(R), Business

Combinations ), with an acquisition date in the current

calendar year. The acquisition date is the date on which

the holding company obtains control 2 of the acquiree.

Loans and leases acquired in the current calendar year

should be reported in this item in the reports for June 30

and December 31 of the current calendar year, as appropriate, regardless of whether the bank still holds the loans

and leases. For example, loans and leases acquired in a

business combination with an acquisition date in the first

six months of the current calendar year should be

reported in this item in both the June 30 and December

31 reports for the current calendar year; loans and leases

acquired in the second six months of the current calendar

year should be reported in the December 31 report for the

current calendar year.

Institutions that have not adopted ASU 2016-13, which

governs the accounting for credit losses, should exclude

purchased credit-impaired loans held for investment that

are accounted for in accordance with ASC Subtopic

310-30, Receivables – Loans and Debt Securities

Acquired with Deteriorated Credit Quality (formerly

AICPA Statement of Position 03-3, Accounting for Certain Loans or Debt Securities Acquired in a Transfer)

(report information on such loans in Schedule HC-C,

memorandum item 5). (For further information, see the

Glossary entry for ‘‘purchased credit-impaired loans and

debt securities.’’)

For holding companies that have adopted ASU 2016-13,

which governs the accounting for credit losses, exclude

purchased credit-deteriorated loans held for investment.

For further information, see the Glossary entries for

“purchased credit deteriorated (DCD) loans and debt

securities.”

Column Instructions

Column A, Fair value of acquired loans and leases at

acquisition date: Report in this column the fair value of

acquired loans and leases held for investment at the

acquisition date (see the Glossary entry for ‘‘fair value’’).

2. Control has the meaning of controlling financial interest in paragraph

2 of ASC Subtopic 810-10, Consolidation—Overall (formerly Accounting

Research Bulletin No. 51, Consolidated Financial Statements, as amended.

Schedule HC-C

FR Y-9C HC-C-25

Schedule HC-C December 2019
Column B, Gross contractual amounts receivable at

acquisition date: Report in this column the gross contractual amounts receivable, i.e., the total undiscounted

amount of all uncollected contractual principal and contractual interest payments on the receivable, both past

due, if any, and scheduled to be paid in the future, on the

acquired loans and leases held for investment at the

acquisition date.

For holding companies that have adopted ASU 2016-13,

report the expected cash flows of the acquired loans and

leases as of the acquisition date in column B.

Column C, Best estimate at acquisition date of contractual cash flows not expected to be collected: Report in

this column the holding company’s best estimate at the

acquisition date of the portion of contractual cash flows

receivable on acquired loans and leases held for investment that the holding company does not expect to collect.

For holding companies that have adopted ASU 2016-13,

report the allowance for credit losses a holding company

would have recorded as of the acquisition date, column C.

Line Item M12(a) Loans secured by real estate.

Report in the appropriate column the specified amounts

for loans secured by real estate (as defined for Schedule

HC-C, item 1) held for investment that were acquired in a

business combination occurring in the current calendar

year.

Line Item M12(b) Commercial and industrial

loans.

Report in the appropriate column the specified amounts

for commercial and industrial loans (as defined for

Schedule HC-C, item 4) held for investment that were

acquired in a business combination occurring in the

current calendar year.

Line Item M12(c) Loans to individuals for

household, family, and other personal expenditures.

Report in the appropriate column the specified amounts

for loans to individuals for household, family, and other

personal expenditures (as defined for Schedule HC-C,

item 6) held for investment that were acquired in a

business combination occurring in the current calendar year.

Line Item M12(d) All other loans and all leases.

Report in the appropriate column the specified amounts

for all other loans and all leases (as defined for Schedule

HC-C, items 2, 3, 7, 9, and 10) held for investment that

were acquired in a business combination occurring in the

current calendar year.

Line Item M12(e) Loans and all leases.

Note: Memo item 12(e) is to be reported by holding

companies with less than $5 billion in total assets.

Report in the appropriate column the specified amount

for:

(1) Loans secured by real estate.

(2) Commercial and industrial loans.

(3) Loans to individuals for household, family, and other

personal expenditures.

(4) All other loans and leases.

Line Item M13 Not applicable.

Line Item M14 Pledged loans and leases.

Report the amount of all loans and leases included in

Schedule HC-C above that are pledged to secure deposits, repurchase transactions, or other borrowings (regardless of the balance of the deposits or other liabilities

against which the loans and leases are pledged) or for any

other purpose. Include loans and leases that have been

transferred in transactions that are accounted for as

secured borrowings with a pledge of collateral because

they do not qualify as sales under ASC Topic 860,

Transfers and Servicing (formerly FASB Statement No.

140, Accounting for Transfers and Servicing of Financial

Assets and Extinguishments of Liabilities, as amended).

Also include loans and leases held for sale or investment

by consolidated variable interest entities (VIEs) that can

be used only to settle obligations of the same consolidated VIEs (the amounts of which are also reported in

Schedule HC-V, items 1(e) and 1(f). In general, the

pledging of loans and leases is the act of setting aside

certain loans and leases to secure or collateralize holding

company transactions with the holding company continuing to own the loans and leases unless the holding

company defaults on the transaction.

When a holding company is subject to a blanket lien

arrangement or has otherwise pledged an entire portfolio

Schedule HC-C

HC-C-26 FR Y-9C

Schedule HC-C December 2019
of loans to secure its Federal Home Loan Bank advances,

it should report the amount of the entire portfolio of loans

subject to the blanket lien in this item. Any loans within

the portfolio that have been explicitly excluded or specifically released from the lien and that the holding company

has the right, without constraint, to repledge to another

party should not be reported as pledged in this item.

However, if any such loans have been repledged to

another party, they should be reported in this item.

Note: Schedule HC-C, Part I, line item M15 is effective

with the March 31, 2021 report date.

Line Item M15 Revolving, open-end loans secured

by 1–4 family residential properties and extended

under lines of credit (in domestic offices) that have

converted to non-revolving closed-end status

(included in item 1.c.(1) above).

Report the amount outstanding of loans included in

Schedule HC-C, Part I, item 1.c.(1), that have converted

to non-revolving, closed-end status, but originated as

draws under revolving, open-end lines of credit secured

by 1-to-4 family residential properties, including those

for which the draw periods have ended.

Line item M16 Eligible loan modifications under

Section 4013, Temporary Relief from Troubled Debt

Restructurings, of the 2020 Coronavirus Aid, Relief,

and Economic Security Act.

As provided for under the 2020 Coronavirus Aid, Relief,

and Economic Security Act (CARES Act), a financial

institution may elect to account for an eligible loan

modification under Section 4013 of that Act (Section 4013 loan). If a loan modification is not eligible

under Section 4013, or if the institution elects not to

account for an eligible loan modification under Section 4013, the institution should not report the loan in

memorandum items 16.a and 16.b and should instead

evaluate whether the modified loan is a troubled debt

restructuring (TDR) under ASC Subtopic 310-40, Receivables — Troubled Debt Restructurings by Creditors.

To be an eligible loan modification under Section 4013,

as amended by the Consolidated Appropriations

Act, 2021, a loan modification must be (1) related to the

Coronavirus Disease 2019 (COVID-19); (2) executed on

a loan that was not more than 30 days past due as of

December 31, 2019; and (3) executed between

March 1, 2020, and the earlier of (A) 60 days after the

date of termination of the national emergency concerning

the COVID-19 outbreak declared by the President on

March 13, 2020, under the National Emergencies Act or

(B) January 1, 2022 (the applicable period).

Holding companies accounting for eligible loan modifications under Section 4013 are not required to apply ASC

Subtopic 310-40 to the Section 4013 loans for the term of

the loan modification and do not have to report Section 4013 loans as TDRs in regulatory reports, subject to

the following considerations for additional modifications.

If an institution elects to account for a loan modification

under Section 4013, an additional loan modification

could also be eligible under Section 4013 provided it is

executed during the applicable period and meets the other

statutory criteria referenced above. If an institution does

not elect to account for a loan modification under Section 4013 or a loan modification is not eligible under

Section 4013 (e.g., because it is executed after the

applicable period), additional modifications should be

viewed cumulatively in determining whether the additional modification is accounted for as a TDR under ASC

Subtopic 310-40.

Consistent with the CARES Act, the Board is collecting

information on a fully consolidated basis about the

volume of Section 4013 loans, including the number of

Section 4013 loans outstanding (Memorandum item 16.a)

and the outstanding balance of Section 4013 loans

(Memorandum item 16.b). These two items are collected

on a confidential basis at the institution level. Once the

term of an eligible Section 4013 loan modification ends,

an institution should no longer include the loan in these

Schedule HC-C, Part I, Memorandum items.

For further information on loan modifications, including

those that may not be eligible under Section 4013 or for

which an holding company elects not to apply Section 4013, holding companies may refer to the Interagency Statement on Loan Modifications and Reporting

for Financial Institutions Working with Customers

Affected by the Coronavirus (Revised), issued

April 7, 2020 , and the Joint Statement on Additional

Loan Accommodations Related to COVID-19 issued

August 3, 2020.

Schedule HC-C

FR Y-9C HC-C-27

Schedule HC-C March 2021
Line item M16.a Number of Section 4013 loans

outstanding.

Report the number of Section 4013 loans outstanding

held by the reporting holding company as of the report

date whose outstanding balances are included in the

amount reported in Schedule HC-C, Part I, Memorandum

item 16.b, below.

Line item M16.b Outstanding balance of

Section 4013 loans.

Report the aggregate amount at which Section 4013 loans

held for investment and held for sale are included in

Schedule HC-C, Part I, and Section 4013 loans held for

trading are included in Schedule HC, item 5, as of the

report date.

Schedule HC-C

HC-C-28 FR Y-9C

Schedule HC-C March 2021
LINE ITEM INSTRUCTIONS FOR

Trading Assets and Liabilities

Schedule HC-D

General Instructions

Schedule HC-D is to be completed by holding companies with $5 billion or more in total consolidated

assets that reported total trading assets of $10 million

or more in any of the four preceding calendar quarters. Memorandum items 2 through 10 are to be

completed by holding companies with $10 billion or

more in total trading assets.

Trading activities typically include (a) regularly underwriting or dealing in securities; interest rate, foreign

exchange rate, commodity, equity, and credit derivative

contracts; other financial instruments; and other assets for

resale, (b) acquiring or taking positions in such items

principally for the purpose of selling in the near term or

otherwise with the intent to resell in order to profit from

short-term price movements, and (c) acquiring or taking

positions in such items as an accommodation to customers, provided that acquiring or taking such positions

meets the definition of “trading” in ASC Topic 320,

Investments-Debt Securities, and ASC Topic 815, Derivatives and Hedging, and the definition of “trading purposes” in ASC Topic 815.

For purposes of the FR Y-9C report, all debt securities

within the scope of ASC Topic 320, Investments – Debt

Securities that a holding company has elected to report at

fair value under a fair value option with changes in fair

value reported in current earnings should be classified as

trading securities. In addition, for purposes of this report,

holding companies may classify assets (other than debt

securities within the scope of ASC Topic 320) and

liabilities (other than deposit liabilities required to be

reported on Schedule HC-E) as trading if the holding

company applies fair value accounting, with changes in

fair value reported in current earnings, and manages

these assets and liabilities as trading positions, subject to

the controls and applicable regulatory guidance related to

trading activities. For example, a holding company would

generally not classify a loan to which it has applied the

fair value option as a trading asset unless the holding

company holds the loan, which it manages as a trading

position, for one of the following purposes: (a) for market

making activities, including such activities as accumulating loans for sale or securitization; (b) to benefit from

actual or expected price movements; or (c) to lock in

arbitrage profits. When reporting loans classified as

trading in Schedule HC-D, holding companies should

include only the fair value of the funded portion of the

loan in item 6 of this schedule. If the unfunded portion of

the loan, if any, is classified as trading (and does not meet

the definition of a derivative), the fair value of the

commitment to lend should be reported as an “Other

trading asset” or an “Other trading liability,” as appropriate, in Schedule HC-D, item 9 or item 13(b), respectively.

Assets, liabilities, and other financial instruments classified as trading shall be consistently valued at fair value as

defined by ASC Topic 820, Fair Value Measurement.

Exclude from this schedule all available-for-sale securities and all loans and leases that do not satisfy the criteria

for classification as trading as described above. (Also see

the Glossary entry for “Trading Account.”) Available-forsale securities are generally reported in Schedule HC,

item 2(b), and in Schedule HC-B, columns C and D.

However, a holding company may have certain assets

that fall within the definition of “securities” in ASC

Topic 320 (e.g., nonrated industrial development obligations) that the holding company has designated as

“available-for-sale” which are reported for purposes of

this report in a balance sheet category other than “Securities” (e.g., “Loans and lease financing receivables”).

Loans and leases that do not satisfy the criteria for the

trading account should be reported in Schedule HC, item

4(a) or item 4(b), and in Schedule HC-C.

FR Y-9C HC-D-1

Schedule HC-D September 2020
ASSETS

Line Item 1 U.S. Treasury securities.

Report the total fair value of securities issued by the U.S.

Treasury (as defined for Schedule HC-B, item 1, “U.S.

Treasury securities”) held for trading.

Line Item 2 U.S. Government agency obligations.

Report the total fair value of all obligations of U.S.

Government agencies (as defined for Schedule HC-B,

item 2, ‘‘U.S. Government agency obligations’’) held for

trading. Exclude mortgage-backed securities.

Line Item 3 Securities issued by states and

political subdivisions in the U.S.

Report the total fair value of all securities issued by states

and political subdivisions in the United States (as defined

for Schedule HC-B, item 3, ‘‘Securities issued by states

and political subdivisions in the U.S.’’) held for trading.

Line Item 4 Mortgage-backed securities (MBS).

Report in the appropriate subitem the total fair value of

all mortgage-backed securities held for trading.

Line Item 4(a) Residential mortgage pass-through

securities issued or guaranteed by FNMA, FHLMC,

or GNMA.

Report the total fair value of all residential mortgage

pass-through securities issued or guaranteed by FNMA,

FHLMC, or GNMA (as defined for Schedule HC-B, item

4(a)(1), Residential pass-through securities “Guaranteed

by GNMA,” and item 4(a)(2), Residential pass-through

securities ‘‘Issued by FNMA and FHLMC’’) held for

trading.

Line Item 4(b) Other residential MBS issued or

guaranteed by U.S. Government agencies or

sponsored agencies.

Report the total fair value of all other residential mortgagebacked securities issued or guaranteed by U.S. Government agencies or U.S. Government-sponsored agencies

(as defined for Schedule HC-B, item 4(b)(1), Other

residential mortgage-backed securities ‘‘Issued or guaranteed by U.S. Government agencies or sponsored agencies’’) held for trading.

U.S. Government agencies include, but are not limited to,

such agencies as the Government National Mortgage

Association (GNMA), the Federal Deposit Insurance

Corporation (FDIC) and the National Credit Union

Administration (NCUA). U.S. Government-sponsored

agencies include, but are not limited to, such agencies as

the Federal Home Loan Mortgage Corporation (FHLMC)

and the Federal National Mortgage Association (FNMA).

Line Item 4(c) All other residential MBS.

Report the total fair value of all other residential mortgagebacked securities (as defined for Schedule HC-B, item

4(a)(3), “Other pass-through securities,” item 4(b)(2),

Other residential mortgage-backed securities “Collateralized by MBS issued or guaranteed by U.S. Government

agencies or sponsored agencies,” and item 4(b)(3), “All

other residential MBS”) held for trading.

Line Item 4(d) Commercial MBS issued or

guaranteed by U.S. Government agencies or

sponsored agencies.

Report the total fair value of all commercial mortgagebacked securities (as defined for Schedule HC-B, item

4(c), “Commercial MBS”) issued or guaranteed by U.S.

Government agencies or U.S. Government-sponsored

agencies that are held for trading. Also include commercial mortgage pass-through securities guaranteed by the

Small Business Administration.

Line Item 4(e) All other commercial MBS.

Report the total fair value of all commercial mortgagebacked securities issued or guaranteed by non-U.S. Government issuers that are held for trading.

Line Item 5 Other debt securities:

Line Item 5(a) Structured financial products.

Report the total fair value of all structured financial

products (as defined for Schedule HC-B, item 5(b),

“Structured financial products”) held for trading. Include

cash, synthetic, or hybrid instruments.

Line Item 5(b) All other debt securities.

Report the total fair value of all other debt securities (as

defined for Schedule HC-B, item 5(a), “Asset-backed

securities,” and item 6, “Other debt securities”) held for

trading.

Schedule HC-D

HC-D-2 FR Y-9C

Schedule HC-D June 2018
Line Item 6 Loans.

Report in the appropriate subitem the total fair value of

all loans held for trading. See the Glossary entry for

“loan” for further information.

Line Item 6(a) Loans secured by real estate.

Report the total fair value of loans secured by real estate

(as defined for Schedule HC-C, item 1) held for trading.

6(a)(1) Loans secured by 1-4 family residential

properties.

Report the total fair value of all open-end and closed-end

loans secured by 1-4 family residential properties (as

defined for Schedule HC-C, item 1(c) held for trading.

Include:

(1) Revolving, open-end loans secured by 1-4 family

residential properties and extended under lines of

credit (as defined for Schedule HC-C, item 1(c)(1))

held for trading.

(2) Closed-end loans secured by first liens on 1-4 family

residential properties (as defined for Schedule HC-C,

item 1(c)(2)(a)) held for trading.

(3) Closed-end loans secured by junior liens on 1-4

family residential properties (as defined for Schedule

HC-C, part I, item 1(c)(2)(b)) held for trading.

6(a)(2) All other loans secured by real estate.

Report the total fair value of all other loans secured by

real estate held for trading.

Include:

(1) Construction, land development, and other land loans

(as defined for Schedule HC-C, item 1(a)) held for

trading.

(2) Loans secured by farmland (as defined for Schedule

HC-C, item 1(b) held for trading.

(3) Loans secured by multifamily (5 or more) residential

properties (as defined for Schedule HC-C, item 1(d)

held for trading.

(4) Loans secured by nonfarm nonresidential properties

(as defined for Schedule HC-C item 1(e) held for

trading.

Line Item 6(b) Commercial and industrial loans.

Report the total fair value of commercial and industrial

loans (as defined for Schedule HC-C, item 4) held for

trading.

Line Item 6(c) Loans to individuals for household,

family, and other personal expenditures.

Report the total fair value of all loans to individuals for

household, family, and other personal expenditures (as

defined for Schedule HC-C, item 6) held for trading.

Include:

(1) All extensions of credit to individuals for household,

family, and other personal expenditures arising from

credit cards (as defined for Schedule HC-C, item

6(a)) held for trading.

(2) All extensions of credit to individuals for household,

family, and other personal expenditures arising from

prearranged overdraft plans and other revolving

credit plans not accessed by credit cards (as defined

for Schedule HC-C, item 6(b)) held for trading.

(3) All loans to individuals for household, family, and

other personal expenditures arising from retail sales

of passenger cars and other vehicles such as minivans, vans, sport-utility vehicles, pickup trucks, and

similar light trucks for personal use (as defined for

Schedule HC-C, item 6(c)) held for trading.

(4) All other loans to individuals for household, family,

and other personal expenditures (as defined for

Schedule HC-C, item 6(d)) held for trading.

Line Item 6(d) Other loans.

Report the total fair value of all other loans held for

trading that cannot properly be reported in one of the

preceding subitems of this item 6. Such loans include

“Loans to depository institutions and acceptances of

other banks,” “Loans to finance agricultural production

and other loans to farmers,” “Loans to foreign governments and official institutions,” “Obligations (other than

securities and leases) of states and political subdivisions

in the U.S.,” and “Other loans” (as defined for Schedule

HC-C, items 2, 3, 7, 8, and 9).

Line Items 7-8 Not applicable.

Line Item 9 Other trading assets.

Report the total fair value of all trading assets that cannot

properly be reported in items 1 through 6. Include

Schedule HC-D

FR Y-9C HC-D-3

Schedule HC-D June 2018
Certificates of Deposit held for trading. Exclude revaluation gains on interest rate, foreign exchange rate, commodity, equity, and credit derivative contracts (report in

item 11 below).

Line Item 10 Not applicable.

Line Item 11 Derivatives with a positive fair value.

Report the amount of revaluation gains (i.e., assets) from

the ‘‘marking to market’’ of interest rate, foreign exchange

rate, commodity, equity, and credit derivative contracts

held for trading purposes. Revaluation gains and losses

(i.e., assets and liabilities) from the ‘‘marking to market’’

of the reporting holding company’s derivative contracts

executed with the same counterparty that meet the criteria for a valid right of setoff contained in ASC Subtopic

210-20, Balance Sheet – Offsetting (formerly FASB

Interpretation No. 39, Offsetting of Amounts Related to

Certain Contracts) (e.g., those contracts subject to a

qualifying master netting arrangement) may be reported

on a net basis using this item and item 14 below, as

appropriate. (For further information, see the Glossary

entry for ‘‘offsetting.’’)

Line Item 12 Total trading assets.

Report the sum of items 1 through 11. The amount for

this item must equal Schedule HC, item 5, “Trading

assets.”

LIABILITIES

Line Item 13(a) Liability for short positions.

Report the total fair value of the reporting holding

company’s liabilities resulting from sales of assets that

the reporting holding company does not own (see the

Glossary entry for ‘‘short position’’).

Line Item 13(a)(1) Equity securities.

Report the fair value of the reporting holding company’s

liabilities resulting from sales of equity securities that the

reporting holding company does not own, thereby establishing a short position.

Line Item 13(a)(2) Debt securities.

Report the fair value of the reporting holding company’s

liabilities resulting from sales of debt securities that the

reporting holding company does not own, thereby establishing a short position.

Line Item 13(a)(3) All other assets.

Report the fair value of the reporting holding company’s

liabilities resulting from sales of all assets other than

equity securities or debt securities that the reporting

holding company does not own, thereby establishing a

short position.

Line Item 13(b) All other trading liabilities.

Report the total fair value of all trading liabilities other

than the reporting holding company’s liability for short

positions. Exclude revaluation losses on interest rate,

foreign exchange rate, commodity, equity, and credit

derivative contracts (report in item 14 below).

Line Item 14 Derivatives with a negative fair

value.

Report the amount of revaluation losses (i.e., liabilities)

from the ‘‘marking to market’’ of interest rate, foreign

exchange rate, commodity, equity, and credit derivative

contracts held for trading purposes. Revaluation gains

and losses (i.e., assets and liabilities) from the ‘‘marking

to market’’ of the reporting holding company’s interest

rate, foreign exchange rate, commodity, equity, and credit

derivative contracts executed with the same counterparty

that meet the criteria for a valid right of setoff contained

in ASC Subtopic 210-20, Balance Sheet – Offsetting

(formerly FASB Interpretation No. 39, Offsetting of

Amounts Related to Certain Contracts) (e.g., those contracts subject to a qualifying master netting arrangement)

may be reported on a net basis using this item and item

11 above, as appropriate. (For further information, see

the Glossary entry for ‘‘offsetting.’’)

Line Item 15 Total trading liabilities.

Report the sum of items 13(a), 13(b), and 14. The amount

for this item must equal Schedule HC, item 15, “Trading

liabilities.”

Memoranda

Line Item M1 Unpaid principal balance of loans

measured at fair value.

Report in the appropriate subitem the total unpaid principal balance outstanding for all loans held for trading

reported in Schedule HC-D, item 6.

Schedule HC-D

HC-D-4 FR Y-9C

Schedule HC-D June 2018
Line Item M1(a) Loans secured by real estate.

Report the total unpaid principal balance outstanding for

all loans secured by real estate (as defined for Schedule

HC-C, item 1) held for trading.

1(a)(1) Loans secured by 1-4 family residential

properties.

Report the total unpaid principal balance outstanding for

all loans secured by 1-4 family residential properties held

for trading reported in Schedule HC-D, item 6(a)(1).

Include:

(1) Revolving, open-end loans secured by 1-4 family

residential properties and extended under lines of

credit (as defined for Schedule HC-C, item 1(c)(1))

held for trading.

(2) Closed-end loans secured by first liens on 1-4 family

residential properties (as defined for Schedule HC-C,

item 1(c)(2)(a)) held for trading.

(3) Closed-end loans secured by junior liens on 1-4

family residential properties (as defined for Schedule

HC-C, item 1(c)(2)(b)) held for trading.

1(a)(2) All other loans secured by real estate.

Report the total unpaid principal balance outstanding for

all other loans secured by real estate held for trading

reported in Schedule HC-D, item 6(a)(2).

Include:

(1) Construction, land development, and other land loans

(as defined for Schedule HC-C, item 1(a)) held for

trading.

(2) Loans secured by farmland (as defined for Schedule

HC-C, item 1(b) held for trading.

(3) Loans secured by multifamily (5 or more) residential

properties (as defined for Schedule HC-C, item 1(d)

held for trading.

(4) Loans secured by nonfarm nonresidential properties

(as defined for Schedule HC-C, item 1(e) held for

trading.

Line Item M1(b) Commercial and industrial loans.

Report the total unpaid principal balance outstanding for

all commercial and industrial loans held for trading

reported in Schedule HC-D, item 6(b).

Line Item M1(c) Loans to individuals for

household, family, and other personal expenditures.

Report the total unpaid principal balance outstanding for

all loans to individuals for household, family, and other

personal expenditures held for trading reported in Schedule HC-D, item 6(c).

Include:

(1) All extensions of credit to individuals for household,

family, and other personal expenditures arising from

credit cards (as defined for Schedule HC-C, item

6(a)) held for trading.

(2) All extensions of credit to individuals for household,

family, and other personal expenditures arising from

prearranged overdraft plans and other revolving

credit plans not accessed by credit cards (as defined

for Schedule HC-C, item 6(b)) held for trading.

(3) All consumer loans to individuals for household,

family, and other personal expenditures arising from

retail sales of passenger cars and other vehicles such

as minivans, vans, sport-utility vehicles, pickup

trucks, and similar light trucks for personal use (as

defined for Schedule HC-C, item 6(c)) held for

trading.

(4) All other loans to individuals for household, family,

and other personal expenditures (as defined for

Schedule HC-C, item 6(d)) held for trading.

Line Item M1(d) Other loans.

Report the total unpaid principal balance outstanding for

all loans held for trading reported in Schedule HC-D,

item 6(d). Such loans include “Loans to depository

institutions and acceptances of other banks,” “Loans to

finance agricultural production and other loans to farmers,” “Loans to foreign governments and official institutions,” “Obligations (other than securities and leases) of

states and political subdivisions in the U.S.,” and “Other

loans” (as defined for Schedule HC-C, items 2, 3, 7, 8,

and 9).

Note: Memorandum items 2 through 10 are to be completed by holding companies with $10 billion or more in

total trading assets.

Line Item M2 Loans measured at fair value that

are past due 90 days or more.

Report in the appropriate subitem the total fair value and

unpaid principal balance of all loans held for trading

Schedule HC-D

FR Y-9C HC-D-5

Schedule HC-D June 2018
included in Schedule HC-D, items 6(a) through 6(d), that

are past due 90 days or more as of the report date.

Line Item M2(a) Fair value.

Report the total fair value of all loans held for trading

included in Schedule HC-D, items 6(a) through 6(d), that

are past due 90 days or more as of the report date.

Line Item M2(b) Unpaid principal balance.

Report the total unpaid principal balance of all loans held

for trading included in Schedule HC-D, items 6(a)

through 6(d), that are past due 90 days or more as of the

report date.

Line Item M3 Structured financial products by

underlying collateral or reference assets.

Report in the appropriate subitem the total fair value of

all structured financial products held for trading by the

predominant type of collateral or reference assets supporting the product. The sum of Memorandum items 3(a)

through 3(g) must equal the sum of Schedule HC-D,

item 5(a).

Line Item M3(a) Trust preferred securities issued

by financial institutions.

Report the total fair value of structured financial products

held for trading that are supported predominantly by trust

preferred securities issued by financial institutions.

Line Item M3(b) Trust preferred securities issued

by real estate investment trusts.

Report the total fair value of structured financial products

held for trading that are supported predominantly by trust

preferred securities issued by real estate investment

trusts.

Line Item M3(c) Corporate and similar loans.

Report the total fair value of structured financial products

held for trading that are supported predominantly by

corporate and similar loans. Exclude securities backed by

loans that are commonly regarded as asset-backed securities rather than collateralized loan obligations in the

marketplace (report in Schedule HC-B, item 5(a)).

Line Item M3(d) 1-4 family residential MBS

issued or guaranteed by U.S. government-sponsored

enterprises (GSEs).

Report the total fair value of structured financial products

held for trading that are supported predominantly by 1-4

family residential mortgage-backed securities issued or

guaranteed by U.S. government-sponsored enterprises.

Line Item M3(e) 1-4 family residential MBS not

issued or guaranteed by GSEs.

Report the total fair value of structured financial products

held for trading that are supported predominantly by 1-4

family residential mortgage-backed securities not issued

or guaranteed by U.S. government-sponsored enterprises.

Line Item M3(f) Diversified (mixed) pools of

structured financial products.

Report the total fair value of structured financial products

held for trading that are supported predominantly by

diversified (mixed) pools of structured financial products.

Include such products as CDOs squared and cubed (also

known as ‘‘pools of pools’’).

Line Item M3(g) Other collateral or reference

assets.

Report the total fair value of structured financial products

held for trading that are supported predominantly by

other types of collateral or reference assets not identified

above.

Line Item M4 Pledged trading assets:

Line Item M4(a) Pledged securities.

Report the total fair value of all securities held for trading

included in Schedule HC-D above that are pledged to

secure deposits, repurchase transactions, or other borrowings (regardless of the balance of the deposits or other

liabilities against which the securities are pledged); as

performance bonds under futures or forward contracts; or

for any other purpose. Include as pledged securities:

(1) Securities held for trading that have been “loaned” in

securities borrowing/lending transactions that do not

qualify as sales under ASC Topic 860, Transfers and

Servicing (formerly FASB Statement No. 140,

“Accounting for Transfers and Servicing of Financial

Assets and Extinguishments of Liabilities,” as

amended).

Schedule HC-D

HC-D-6 FR Y-9C

Schedule HC-D June 2018
(2) Securities held for trading by consolidated variable

interest entities (VIEs) that can be used only to settle

obligations of the same consolidated VIEs (the

amount of which is also reported in Schedule HC-V,

item 1.

(3) Securities held for trading owned by consolidated

insurance subsidiaries and held in custodial trusts

that are pledged to insurance companies external to

the consolidated holding company.

Line Item M4(b) Pledged loans.

Report the total fair value of all loans held for trading

included in Schedule HC-D above that are pledged to

secure deposits, repurchase transactions, or other borrowings (regardless of the balance of the deposits or other

liabilities against which the loans are pledged) or for any

other purpose. Include loans held for trading that have

been transferred in transactions that are accounted for as

secured borrowings with a pledge of collateral because

they do not qualify as sales under ASC Topic 860,

Transfers and Servicing (formerly FASB Statement

No. 140, Accounting for Transfers and Servicing of

Financial Assets and Extinguishment of Liabilities, as

amended). Also include loans held for trading by consolidated variable interest entities (VIEs) that can be used

only to settle obligations of the same consolidated VIEs

(the amount of which is also reported in Schedule HC-V,

item 1. In general, the pledging of loans is the act of

setting aside certain loans to secure or collateralize

holding company transactions with the holding company

continuing to own the loans unless the holding company

defaults on the transaction.

Line Item M5 Asset-backed securities.

Report in the appropriate subitem the total fair value of

all asset-backed securities, including asset-backed commercial paper, held for trading reported in Schedule

HC-D, items 4 and 5. For purposes of categorizing

asset-backed securities in Schedule HC-D, Memorandum

items 5(a) through 5(f), below, each individual assetbacked security should be included in the item that most

closely describes the predominant type of asset that

collateralizes the security and this categorization should

be used consistently over time. For example, an assetbacked security may be collateralized by automobile

loans to both individuals and business enterprises. If the

prospectus for this asset-backed security or other available information indicates that these automobile loans are

predominantly loans to individuals, the security should

be reported in Schedule HC-D, Memorandum item 5(c),

as being collateralized by automobile loans.

Line Item M5(a) Credit card receivables.

Report the total fair value of all asset-backed securities

collateralized by credit card receivables, i.e., extensions

of credit to individuals for household, family, and other

personal expenditures arising from credit cards as defined

for Schedule HC-C, item 6(a).

Line Item M5(b) Home equity lines.

Report the total fair value of all asset-backed securities

collateralized by home equity lines of credit, i.e., revolving, open-end lines of credit secured by 1-to-4 family

residential properties as defined for Schedule HC-C,

item 1(c)(1).

Line Item M5(c) Automobile loans.

Report the total fair value of all asset-backed securities

collateralized by automobile loans, i.e., loans to individuals for the purpose of purchasing private passenger

vehicles, including minivans, vans, sport-utility vehicles,

pickup trucks, and similar light trucks for personal use.

Such loans are a subset of “Other consumer loans,” as

defined for Schedule HC-C, item 6(c).

Line Item M5(d) Other consumer loans.

Report the total fair value of all asset-backed securities

collateralized by other consumer loans, i.e., loans to

individuals for household, family, and other personal

expenditures as defined for Schedule HC-C, items 6(b)

and 6(c), excluding automobile loans as described in

Schedule HC-D, Memorandum item 5(c), above.

Line Item M5(e) Commercial and industrial loans.

Report the total fair value of all asset-backed securities

collateralized by commercial and industrial loans, i.e.,

loans for commercial and industrial purposes to sole

proprietorships, partnerships, corporations, and other

business enterprises, whether secured (other than by real

estate) or unsecured, single-payment or installment, as

defined for Schedule HC-C, item 4.

Line Item M5(f) Other.

Report the total fair value of all asset-backed securities

collateralized by loans other than those included in

Schedule HC-D

FR Y-9C HC-D-7

Schedule HC-D June 2018
Schedule HC-D, Memorandum items 5(a) through 5(e),

above, i.e., loans as defined for Schedule HC-C, items 2,

3, and 7 through 9 and lease financing receivables as

defined for Schedule HC-C, item 10.

Line Item M6 Not applicable.

Line Item M7 Equity securities.

Report in the appropriate subitem the total fair value of

all equity securities held for trading that are included in

Schedule HC-D, item 9, above.

Line Item M7(a) Readily determinable fair values.

Report the total fair value of all equity securities held for

trading that have readily determinable fair values, as

defined by ASC Topic 321, Investments-Equity Securities, regardless of whether such equity securities are

within or outside the scope of ASC Topic 321.

Line Item M7(b) Other.

Report the total fair value of all equity securities held for

trading not included in Schedule HC-D, Memorandum

item 7(a), above.

Line Item M8 Loans pending securitization.

Report the total fair value of all loans included in

Schedule HC-D, items 6(a) through 6(d), that are held for

securitization purposes. Report such loans in this item

only if the holding company expects the securitization

transaction to be accounted for as a sale under ASC Topic

860, Transfers and Servicing (formerly FASB Statement

No. 140, Accounting for Transfers and Servicing of

Financial Assets and Extinguishments of Liabilities).

Line Item M9(a)(1) Gross positive fair value of

commodity contracts.

Report the gross positive fair value of all commodity

contracts that the holding company holds for trading

purposes. Commodity contracts are contracts that have a

return, or a portion of their return, linked to the price of

or to an index of precious metals, petroleum, lumber,

agricultural products, etc.

Line Item M9(a)(2) Gross fair value of physical

commodities held in inventory.

Report the gross fair value of all physical commodities

held in inventory that the holding company holds for

trading purposes. Report the values as reported in HC-D,

item 9, “Other trading assets.”

Line Item M9(b) Other trading assets.

Disclose in Memorandum items 9(b)(1) through 9(b)(3)

each component of Schedule HC-D, item 9, ‘‘Other

trading assets’’ (other than amounts included in Memoranda items 9(a)(1) and 9(a)(2) above), and the fair value

of such component, that is greater than $1,000,000 and

exceeds 25 percent of the amount reported in item 9 less

amounts reported in Memoranda items 9(a)(1) and 9(a)(2).

For each component of other trading assets that exceeds

this disclosure threshold, describe the component with a

clear but concise caption in Memoranda items 9(b)(1)

through 9(b)(3). These descriptions should not exceed 50

characters in length (including spacing between words).

Line Item M10 Other trading liabilities.

Disclose in Memorandum items 10(a) through 10(c) each

component of Schedule HC-D, item 13(b), “Other trading liabilities,” and the fair value of such component, that

is greater than $1,000,000 and exceeds 25 percent of the

amount reported for this item. For each component of

other trading liabilities that exceeds this disclosure

threshold, describe the component with a clear but concise caption in Memorandum items 10(a) through 10(c).

These descriptions should not exceed 50 characters in

length (including spacing between words).

Schedule HC-D

HC-D-8 FR Y-9C

Schedule HC-D September 2020
LINE ITEM INSTRUCTIONS FOR

Deposit Liabilities

Schedule HC-E

General Instructions

A complete discussion of deposits is included in the

Glossary entry entitled ‘‘deposits.’’ That discussion

addresses the following topics and types of deposits in

detail:

(1) FDI Act definition of deposits;

(2) demand deposits;

(3) savings deposits;

(4) time deposits;

(5) time certificates of deposit;

(6) time deposits, open account;

(7) transaction accounts;

(8) nontransaction accounts;

(9) NOW accounts;

(10) ATS accounts;

(11) telephone or preauthorized transfer accounts;

(12) money market deposit accounts (MMDAs);

(13) interest-bearing accounts; and

(14) noninterest-bearing accounts.

Additional discussions pertaining to deposits are also

found under separate Glossary entries for the following:

(1) borrowings and deposits in foreign offices;

(2) brokered deposits;

(3) dealer reserve accounts;

(4) hypothecated deposits;

(5) letters of credit (for letters of credit sold for cash and

travelers’ letters of credit);

(6) overdrafts;

(7) pass-through reserve balances;

(8) placements and takings; and

(9) reciprocal balances.

NOTE: For purposes of this report, IBFs of subsidiary

depository institutions of the reporting holding company

are to be treated as foreign offices and their deposit

liabilities should be excluded from this schedule.

Definitions

The term “deposits” is defined in the Glossary and

follows the definition of deposits used in the Federal

Deposit Insurance Act. Reciprocal demand deposits

between the domestic offices of the reporting holding

company and the domestic offices of other depository

institutions that are not consolidated on this report may

be reported net when permitted by generally accepted

accounting principles (GAAP). (See the Glossary entry

for ‘‘reciprocal balances.’’)

The following are not reported as deposits:

(1) Deposits received in one office of a depository institution for deposit in another office of the same

depository institution.

(2) Outstanding drafts (including advices or authorizations to charge the depository institution’s balance in

another depository institution) drawn in the regular

course of business by the reporting depository institution on other depository institutions, including

so-called ‘‘suspense depository accounts’’ (report as

a deduction from the related ‘‘due from’’ account).

(3) Trust funds held in the bank’s own trust department

that the bank keeps segregated and apart from its

general assets and does not use in the conduct of its

business.

FR Y-9C HC-E-1

Schedule HC-E March 2013
(4) Deposits accumulated for the payment of personal

loans (i.e., hypothecated deposits), which should be

netted against loans in Schedule HC-C, Loans and

Lease Financing Receivables.

(5) All obligations arising from assets sold under agreements to repurchase.

(6) Overdrafts in deposit accounts. Overdrafts are to be

reported as loans in Schedule HC-C, and not as

negative deposits. Overdrafts in a single type of

related transaction accounts (e.g., related demand

deposits or related NOW accounts, but not a combination of demand deposit accounts and NOW

accounts) of a single legal entity that are established

under a bona fide cash management arrangement

by this legal entity are not to be classified as loans

unless there is a net overdraft position in the accounts

taken as a whole. Such accounts are regarded as, and

function as, one account rather than as multiple

separate accounts.

(7) Time deposits sold (issued) by a subsidiary bank of

the consolidated holding company that have been

purchased subsequently by a holding company subsidiary in the secondary market (typically as a result

of the holding company’s trading activities) and have

not resold as of the report date. For purposes of these

reports, a holding company (or its subsidiaries) that

purchases a time deposit a subsidiary has issued is

regarded as having paid the time deposit prior to

maturity. The effect of the transaction is that the

consolidated holding company has cancelled a liability as opposed to having acquired an asset for its

portfolio.

(8) Cash payments received in connection with transfers

of the holding company’s other real estate owned that

have been financed by the holding company and do

not qualify for sale accounting, which applicable

accounting standards describe as a “liability,” a

“deposit,” or a “deposit liability.” Until a transfer

qualifies for sale accounting, these cash payments

shall be reported in Schedule HC-G, item 4, “All

other liabilities.” See the Glossary entry for “foreclosed assets” for further information.

The following are reported as deposits:

(1) Deposits of trust funds standing to the credit of

other banks and all trust funds held or deposited in

any department of a subsidiary depository institution of the reporting holding company other than

the trust department.

(2) Escrow funds.

(3) Payments collected by a depository institution subsidiary on loans secured by real estate and other

loans serviced for others that have not yet been

remitted to the owners of the loans.

(4) Credit balances resulting from customers’ overpayments of account balances on credit cards and

related plans.

(5) Funds received or held in connection with checks

or drafts drawn by a subsidiary depository institution of the reporting holding company and drawn

on, or payable at or through, another depository

institution either on a zero-balance account or on an

account that is not routinely maintained with sufficient balances to cover checks drawn in the normal

course of business (including accounts where funds

are remitted by a subsidiary depository institution

of the reporting holding company only when it has

been advised that the checks or drafts have been

presented).

(6) Funds received or held in connection with traveler’s checks and money orders sold (but not drawn)

by a subsidiary depository institution of the reporting holding company, until the proceeds of the sale

are remitted to another party, and funds received or

held in connection with other such checks used (but

not drawn) by a subsidiary depository institution of

the reporting holding company, until the amount of

the checks is remitted to another party.

(7) Checks drawn by a subsidiary depository institution

of the reporting holding company on, or payable at

or through, a Federal Reserve Bank or a Federal

Home Loan Bank.

(8) Refundable loan commitment fees received or held

by a subsidiary depository institution of the reporting holding company prior to loan closing.

(9) Refundable stock subscription payments received

or held by the reporting holding company prior to

the issuance of the stock. (Report nonrefundable

stock subscription payments in Schedule HC-G,

item 4, ‘‘Other’’ liabilities.)

(10) Improperly executed repurchase agreement sweep

accounts (repo sweeps). According to Section 360.8

Schedule HC-E

HC-E-2 FR Y-9C

Schedule HC-E September 2018
of the FDIC’s regulations, an ‘‘internal sweep

account’’ is ‘‘an account held pursuant to a contract

between an insured depository institution and its

customer involving the pre-arranged, automated

transfer of funds from a deposit account to . . .

another account or investment vehicle located

within the depository institution.’’ When a repo

sweep from a deposit account is improperly executed

by an institution, the customer obtains neither an

ownership interest in identified assets subject to a

repurchase agreement nor a perfected security interest in the applicable assets. In this situation, the

institution should report the swept funds as deposit

liabilities, not as repurchase agreements, beginning

July 1, 2009.

(11) The unpaid balance of money received or held by

the reporting institution that the reporting institution promises to pay pursuant to an instruction

received through the use of a card, or other payment code or access device, issued on a prepaid or

prefunded basis.

In addition, the gross amount of debit items (‘‘throwouts,’’ ‘‘bookkeepers’ cutbacks,’’ or ‘‘rejects’’) that cannot be posted to the individual deposit accounts without

creating overdrafts or for some other reason, but which

have been charged to the control accounts of the various

deposit categories on the general ledger, should be credited to (added back to) the appropriate deposit control

totals and reported in Schedule HC, item 11, ‘‘Other

assets.’’

The distinction between transaction and nontransaction

accounts is discussed in detail in the Glossary entry for

“deposits.”

NOTE: Deposits defined in Regulation D as transaction

accounts include demand deposits, NOW accounts, telephone and preauthorized transfer accounts, and savings

deposits. However, for Call Report purposes, savings

deposits are classified as a type of nontransaction account.

For institutions that have suspended the six transfer limit

on an account that meets the definition of a savings

deposit, please see the “Treatment of Accounts where

Reporting Institutions Have Suspended Enforcement of

the Six Transfer Limit per Regulation D” in the Glossary

entry for “deposits” for further details on reporting

savings deposits.

Line Item 1 Deposits held in domestic offices of

commercial bank subsidiaries of the reporting

holding company.

Report in items 1(a) through 1(e) below deposits held

in domestic offices of the commercial bank subsidiaries

of the reporting holding company that are consolidated

by the holding company on this report.

For purposes of this item, commercial bank subsidiaries

cover all banks that file the commercial bank Consolidated Reports of Condition and Income (FFIEC 031,

041). See the Glossary entry for ‘‘Domestic Office’’ for

the definition of this term.

If the reporting holding company consolidates a subsidiary foreign bank on this report, items 1(a) through 1(e)

must also include deposits held in the U.S. offices of such

foreign bank subsidiaries.

Line Item 1(a) Noninterest-bearing balances.

Report all noninterest-bearing deposits, including any

matured time or savings deposits that have not automatically been renewed, as defined in the Glossary entry for

‘‘deposits.’’

Include the following:

(1) Noninterest-bearing deposits that are payable immediately on demand or issued with an original maturity

of less than seven days, or that are payable with less

than seven days notice, or for which the bank subsidiary does not reserve the right to require at least

seven days written notice of an intended withdrawal.

(2) Unpaid depositors’ checks that have been certified.

(3) Cashiers’ checks, money orders, or other officers’

checks issued for any purpose including those issued

in payment for services, dividends, or purchases that

are drawn on a consolidated bank subsidiary of the

reporting holding company by any of its duly authorized officers and that are outstanding on the report

date.

(4) Outstanding travelers’ checks, travelers’ letters of

credit, or other letters of credit (less any outstanding

drafts accepted thereunder) sold for cash or its

equivalent by the consolidated holding company

organization or its agents.

(5) Outstanding drafts and bills of exchange accepted by

the consolidated holding company organization or its

Schedule HC-E

FR Y-9C HC-E-3

Schedule HC-E March 2021
agents for money or its equivalent, including drafts

accepted against a letter of credit issued for money or

its equivalent.

(6) Checks or drafts drawn by, or on behalf of, a

non-U.S. office of a subsidiary bank of the reporting

holding company on an account maintained at a U.S.

office of the bank subsidiary. Such drafts are, for the

Consolidated Financial Statements for Holding Companies, the same as officers’ checks. This would

include ‘‘London checks,’’ ‘‘Eurodollar bills payable

checks,’’ and any other credit items that the domestic

bank issues in connection with such transactions.

Line Item 1(b) Interest-bearing demand deposits

NOW, ATS, and other transaction accounts.

Report in this item all interest-bearing demand deposits,

all accounts subject to negotiable orders of withdrawal

(i.e., NOW accounts), all ATS accounts (that is, accounts

subject to automatic transfer from savings accounts), and

all other transaction accounts, excluding noninterestbearing demand deposits.

Other transaction accounts include the following:

(1) Accounts (other than MMDAs) that permit third

party payments through automated teller machines

(ATMs) or remote service units (RSUs).

(2) Accounts (other than MMDAs) that permit third

party payments through the use of checks, drafts,

negotiable instruments, debit cards, or other similar

items.

Line Item 1(c) Money market deposit accounts

and other savings accounts.

Report in this item all savings deposits held in the

subsidiary commercial banks consolidated in this report

by the reporting holding company, other than NOW

accounts, ATS accounts, or other transaction accounts

that are in the form of savings deposits.

Include the following in this item:

(1) Money market deposit accounts (MMDAs).

(2) All other savings deposits that are not classified as

transaction accounts (e.g., regular savings and passbook savings accounts).

(3) Interest paid by crediting the savings deposit accounts

defined by paragraphs (1) through (2) in this item.

Exclude the following from this item:

(1) NOW accounts (including ‘‘Super NOWs’’) and ATS

accounts (report in item 1(b) above). instruction.

(2) Special passbook or statement accounts, such as

‘‘90-day notice accounts,’’ ‘‘golden passbook

accounts,’’ or deposits labeled as ‘‘savings certificates,’’ that have a specified original maturity of

seven days or more (report as time deposits in

item 1(d) or 1(e) below).

(3) Interest accrued on savings deposits but not yet paid

or credited to a deposit account (exclude from this

schedule and report in Schedule HC, item 20, ‘‘Other

liabilities’’).

Line Item 1(d) Time deposits of $250,000 or less

Report in this item all time deposits with balances of

$250,000 or less that are held in domestic offices of the

commercial bank subsidiaries of the reporting holding

company. This item includes both time certificates

of deposit and open-account time deposits with balances

of $250,000 or less, regardless of negotiability or

transferability.

Include the following:

(1) Time deposits (as defined in the Glossary entry for

‘‘deposits’’), which are deposits with original maturities of seven days or more, that are not classified as

transaction accounts and that have balances of

$250,000 or less.

(2) Interest paid by crediting nontransaction time deposit

accounts with balances of $250,000 or less.

(3) Time deposits issued to deposit brokers in the form

of large (more than $250,000) certificates of deposit

that have been participated out by the broker in

shares of $250,000 or less. In addition, if the bank

subsidiary has issued a master certificate of deposit to

a deposit broker in an amount that exceeds $250,000

and under which brokered certificates of deposit are

issued in $1,000 amounts (so-called ‘‘retail brokered

deposits’’), individual depositors who purchase multiple certificates issued by the bank subsidiary normally do not exceed the applicable deposit insurance

limit (currently $250,000). Under current deposit

insurance rules the deposit broker is not required to

provide information routinely on these purchasers

and their account ownership capacity to the bank

Schedule HC-E

HC-E-4 FR Y-9C

Schedule HC-E December 2020
subsidiary issuing the deposits. If this information is

not readily available to the issuing bank subsidiary,

these brokered certificates of deposit in $1,000

amounts should be reported in this item as time

deposits of $250,000 or less.

Exclude from this item all time deposits with balances of

more than $250,000 (report in item 1(e) below).

Line Item 1(e) Time deposits of more than

$250,000.

Report in this item all time deposits, including time

certificates of deposit and open-account time deposits

with balances of more than $250,000, regardless of

negotiability or transferability that are held in the commercial bank subsidiaries of the reporting holding

company.

Include the following:

(1) Time deposits (as defined in the Glossary entry for

‘‘deposits’’), which are deposits with original maturities of seven days or more, that are not classified

as transaction accounts and that have balances of

more than $250,000.

(2) Interest paid by crediting nontransaction time deposit

accounts with balances of more than $250,000.

Exclude the following:

(1) All time deposits issued to deposit brokers in the

form of large (more than $250,000) certificates of

deposit that have been participated out by the broker

in shares of $250,000 or less (report in item 1(d)).

(2) All time deposits with balances of $250,000 or less

(report in item 1(d)),

NOTE: Holding companies should include as time deposits of their commercial bank subsidiaries of more than

$250,000 those time deposits originally issued in denominations of $250,000 or less but that, because of interest

paid or credited, or because of additional deposits, now

have a balance of more than $250,000.

Line Item 2 Deposits held in domestic offices of

other depository institutions that are subsidiaries of

the reporting holding company.

NOTE: Items 2(a) through 2(e) are to be completed only

by holding companies that have depository institutions

other than banks as subsidiaries.

Report in items 2(a) through 2(e) below deposits held in

domestic offices of other depository institutions that are

subsidiaries of the reporting holding company and that

are consolidated by the holding company on this report.

For purposes of this item, other depository institutions

cover depository institutions other than commercial

banks (as defined in item 1 of this schedule) that are

consolidated subsidiaries of the reporting holding company. Such depository institutions may include savings

and loan or building and loan associations, depository

trust companies, or other institutions that accept deposits

that do not submit the commercial bank Reports of

Condition and Income (FFIEC 031, 041).

Exclude Edge and Agreement Corporations from the

coverage of ‘‘other depository institutions’’ for purposes

of this item. Domestic offices are those offices located in

the fifty states of the United States and the District of

Columbia.

Line Item 2(a) Noninterest-bearing balances.

Report all noninterest-bearing deposits, including any

matured time or savings deposits that have not automatically been renewed, as defined in the Glossary entry for

‘‘deposits,’’ that are held in domestic offices of ‘‘other

depository institutions’’ that are subsidiaries consolidated

on the reporting holding company’s financial statements.

Include any deposit account on which the issuing depository institution pays no compensation.

Line Item 2(b) Interest-bearing demand deposits,

NOW, ATS, and other transaction accounts.

Report in this item all interest-bearing demand deposits,

all accounts subject to negotiable orders of withdrawal

(i.e., NOW accounts), all ATS accounts (that is, accounts

subject to automatic transfer from savings accounts), and

all other transaction accounts that are held in domestic

offices of the ‘‘other depository institution’’ subsidiaries

of the reporting holding company.

Other transaction accounts include the following:

(1) Accounts (other than MMDAs) that permit third

party payments through automated teller machines

(ATMs) or remote service units (RSUs).

(2) Accounts (other than MMDAs) that permit third

party payments through the use of checks, drafts,

negotiable instruments, debit cards, or other similar

items.

Schedule HC-E

FR Y-9C HC-E-5

Schedule HC-E December 2020
Line Item 2(c) Money market deposit accounts

and other savings accounts.

Report in this item all savings deposits held in the

subsidiary depository institutions (other than commercial

banks) consolidated in this report by the reporting holding company, other than NOW accounts, ATS accounts,

or other transaction accounts that are in the form of

savings deposits.

Include in this item the following:

(1) Money market deposit accounts (MMDAs).

(2) All other savings deposits that are not classified as

transaction accounts (e.g., regular savings and passbook savings accounts).

(3) Interest paid by crediting the savings deposit accounts

defined by paragraphs (1) through (4) in this item.

Exclude from this item the following:

(1) NOW accounts and ATS accounts (report in item 2(b)

above).

(2) Savings deposits subject to telephone or preauthorized transfer (report in item 2(b) above).

(3) Interest accrued on savings deposits but not yet paid

or credited to a deposit account (exclude from this

schedule and report in Schedule HC, item 20, ‘‘Other

liabilities’’).

Line Item 2(d) Time deposits of $250,000 or less.

Report in this item all time deposits with balances of

$250,000 or less that are held in domestic offices of

‘‘other depository institutions’’ (other than commercial

banks), as defined in item 2 above that are subsidiaries of

the reporting holding company. This item includes both

time certificates of deposit and open-account time deposits with balances of $250,000 or less, regardless of

negotiability or transferability.

Include the following:

(1) Time deposits (as defined in the Glossary entry for

‘‘deposits’’), which are deposits with original maturities of seven days or more, that are not classified as

transaction accounts and that have balances of

$250,000 or less.

(2) Interest paid by crediting nontransaction time deposit

accounts with balances of $250,000 or less.

(3) Time deposits issued to deposit brokers in the form

of large (more than $250,000) certificates of deposit

that have been participated out by the broker in

shares of $250,000 or less. In addition, if the depository institution has issued a master certificate of

deposit to a deposit broker in an amount that exceeds

$250,000 and under which brokered certificates of

deposit are issued in $1,000 amounts (so-called

“retail brokered deposits”), individual depositors who

purchase multiple certificates issued by the depository institution normally do not exceed the applicable

deposit insurance limit (currently $250,000). Under

current deposit insurance rules the deposit broker is

not required to provide information routinely on

these purchasers and their account ownership capacity to the depository institution issuing the deposits.

If this information is not readily available to the

issuing depository institution, these brokered certificates of deposit in $1,000 amounts should be reported

in this item as time deposits $250,000 or less.

Exclude from this item all time deposits with balances of

more than $250,000 (report in item 2(e) below).

Line Item 2(e) Time deposits of more than

$250,000.

Report in this item all time deposits, including time

certificates of deposit and open-account time deposits

with balances of more than $250,000, regardless of

negotiability or transferability that are held in depository

institutions (other than commercial banks) that are subsidiaries of the reporting holding company.

Include the following:

(1) Time deposits (as defined in the Glossary entry for

“deposits”), which are deposits with original maturities of seven days or more, that are not classified as

transaction accounts and that have balances of more

than $250,000.

(2) Interest paid by crediting nontransaction time deposit

accounts with balances of more than $250,000.

Exclude the following:

(1) All time deposits issued to deposit brokers in the

form of large (more than $250,000) certificates of

deposit that have been participated out by the broker

in shares of $250,000 or less (report in item 2(d)).

Schedule HC-E

HC-E-6 FR Y-9C

Schedule HC-E December 2020
(2) All time deposits with balances of $250,000 or less

(report in item 2(d)),

NOTE: Holding companies should include as time deposits held in their depository institution subsidiaries (other

than commercial banks) with balances of more than

$250,000, those time deposits originally issued in denominations of $250,000 or less, but that, because of interest

paid or credited, or because of additional deposits, now

have a balance of more than $250,000.

Memoranda

Line Item M1 Brokered deposits $250,000 or less

with a remaining maturity of one year or less.

Report in this item those brokered time deposits included

in items 1 or 2 above with balances of $250,000 or less

with a remaining maturity of one year or less and are held

in domestic offices of commercial banks or other depository institutions that are subsidiaries of the reporting

holding company. Remaining maturity is the amount of

time remaining from the report date until the final

contractual maturity of a brokered deposit. Include in this

item time deposits issued to deposit brokers in the form

of large (more than $250,000) certificates of deposit that

have been participated out by the broker in shares of

$250,000 or less. Also report in this item all brokered

demand and savings deposits with balances of $250,000

or less. See the Glossary entries for ‘‘Brokered deposits’’

and ‘‘Brokered retail deposits’’ for additional information.

Line Item M2 Brokered deposits $250,000 or less

with a remaining maturity of more than one year.

Report in this item those brokered time deposits included

in items 1 or 2 above with balances of $250,000 or less

with a remaining maturity of more than one year and are

held in domestic offices of commercial banks or other

depository institutions that are subsidiaries of the reporting holding company. Remaining maturity is the amount

of time remaining from the report date until the final

contractual maturity of a brokered deposit. Include in this

item time deposits issued to deposit brokers in the form

of large (more than $250,000) certificates of deposit that

have been participated out by the broker in shares of

$250,000 or less. See the Glossary entries for “Brokered

deposits” and “Brokered retail deposits” for additional

information.

Line Item M3 Time deposits of more than

$250,000 with a remaining maturity of one year or

less.

Report in this item time deposits included in items 1(e)

and 2(e) above that are issued in denominations of more

than $250,000 with a remaining maturity of one year or

less. Remaining maturity is the amount of time remaining

from the report date until the final contractual maturity of

a time deposit. Exclude from this item time deposits

issued to deposit brokers in the form of large (more than

$250,000) certificates of deposit that have been participated out by the broker in shares of $250,000 or less.

Line Item M4 Foreign office time deposits with a

remaining maturity of one year or less.

Report all time deposits in foreign offices with remaining

maturities of one year or less. Remaining maturity is the

amount of time remaining from the report date until the

final contractual maturity of a time deposit. The time

deposits included in this item will also have been

included in Schedule HC, item 13(b).

Schedule HC-E

FR Y-9C HC-E-7

Schedule HC-E March 2017
LINE ITEM INSTRUCTIONS FOR

Other Assets

Schedule HC-F

General Instructions

Complete this schedule for the fully consolidated holding

company. Eliminate all intercompany balances between

offices, subsidiaries, and other entities included in the

scope of the consolidated holding company.

Holding companies that have adopted ASU 2016-13,

which governs the accounting for credit losses, should

report assets on Schedule HC-F net of any applicable

allowance for credit losses.

Line Item 1 Accrued interest receivable.

Report the amount of recorded accrued interest on

interest-bearing assets applicable to current or prior

periods that has not yet been collected. Exclude accrued

interest receivable on interest-bearing assets that is

reported elsewhere on Schedule HC, Balance Sheet.

Holding companies that have adopted ASU 2016-13

should report amounts in this item net of any applicable

allowance for credit losses. Exclude retained interests in

accrued interest receivable related to securitized credit

cards (report in Schedule HC-F, item 6, “All other

assets”).

Line Item 2 Net deferred tax assets.

Report the net amount after offsetting deferred tax assets

(net of valuation allowance) and deferred tax liabilities

measured at the report date for a particular tax jurisdiction if the net result is a debit balance. If the result for a

particular tax jurisdiction is a net credit balance, report

the amount in Schedule HC-G, item 2, ‘‘Net deferred tax

liabilities.’’ If the result for each tax jurisdiction is a

net credit balance, enter a zero or the word ‘‘none’’ in this

item. (A holding company may report a net deferred tax

debit, or asset, for one tax jurisdiction, such as for federal

income tax purposes, and also report at the same time a

net deferred tax credit, or liability, for another tax

jurisdiction, such as for state or local income tax purposes.)

For further information on calculating deferred taxes for

different tax jurisdictions, see the Glossary entry for

‘‘income taxes.’’

Line Item 3 Interest-only strips receivable (not in

the form of a security):

Report the fair value of interest-only strips receivable

(not in the form of a security) on mortgage loans and all

other financial assets.

As defined in ASC Topic 860, Transfers and Servicing

(formerly FASB Statement No. 140, Accounting for

Transfers and Servicing of Financial Assets and Extinguishments of Liabilities, as amended), an interest-only

strip receivable is the contractual right to receive some or

all of the interest due on a bond, mortgage loan, collateralized mortgage obligation, or other interest-bearing

financial asset. This includes, for example, contractual

rights to future interest cash flows that exceed contractually specified servicing fees on financial assets that have

been sold. Report the interest-only strips receivable not

in the form of a security that are measured at fair value

like available-for-sale securities.1 Report unrealized gains

(losses) on these interest-only strips receivable in Schedule HC, item 26(b), “Accumulated other comprehensive

income.”

Exclude from this item interest-only strips receivable in

the form of a security, which should be reported as

available-for-sale securities in Schedule HC, item 2(b),

or as trading assets in Schedule HC, item 5, as appropriate. Also exclude interest-only strips not in the form of

1. An interest-only strip receivable is not in the form of a security if the

strip does not meet the definition of a security in ASC Topic 320,

Investments-Debt and Equity Securities (formerly FASB Statement No.

115, Accounting for Certain Investments in Debt and Equity Securities).

FR Y-9C HC-F-1

Schedule HC-F March 2020
a security that are held for trading, which should be

reported in Schedule HC, item 5.

Line Item 4 Equity investments without readily

determinable fair values.

Report the reporting holding company’s equity securities

and other equity investments without readily determinable fair values that are not reportable in other items on

the FR Y-9C report balance sheet (Schedule HC). An

equity security does not have a readily determinable fair

value if sales prices or bid-and-asked quotations are not

currently available on a securities exchange registered

with the U.S. Securities and Exchange Commission

(SEC) or are not publicly reported by the National

Association of Securities Dealers Automated Quotations

systems or by OTC Markets Group Inc. The fair value of

an equity security traded only in a foreign market is not

readily determinable if that foreign market is not of a

breadth and scope comparable to one of the U.S. markets

referred to above.

Equity investments that do not have readily determinable

fair values may have been purchased by the reporting

holding company or acquired for debts previously contracted.

All holding companies should report equity securities

and other equity investments without readily determinable fair values at (i) fair value or (ii) if chosen by the

reporting holding company for an individual equity

investment that does not have a readily determinable fair

value, at cost minus impairment, if any, plus or minus

changes resulting from observable price changes in

orderly transactions for the identical or a similar investment of the same issuer. These equity securities are

within the scope of ASC Topic 321, Investments-Equity

Securities, or ASC Topic 323, Investments-Equity Method

and Joint Ventures.

Although Federal Reserve Bank stock and Federal Home

Loan Bank stock do not have readily determinable fair

values, they are outside the scope of ASC Topics 321 and

323. In accordance with ASC Subtopic 942-325, Financial Services-Depository and Lending – InvestmentsOther, Federal Reserve Bank stock and Federal Home

Loan Bank stock are carried at cost and evaluated for

impairment.

Include in this item:

(1) Federal Reserve Bank stock.

(2) Common and preferred stocks that do not have

readily determinable fair values, such as stock of

bankers’ banks and Class B voting common stock of

the Federal Agricultural Mortgage Corporation

(Farmer Mac).

(3) Federal Home Loan Bank stock.

(4) “Restricted stock,” as defined in ASC Topic 320, i.e.,

equity securities for which sale is restricted by

governmental or contractual requirement (other than

in connection with being pledged as collateral),

except if that requirement terminates within one year

or if the holder has the power by contract or otherwise to cause the requirement to be met within one

year.

(5) Participation certificates issued by a Federal Intermediate Credit Bank, which represent nonvoting stock

of the bank.

(6) Minority interests held by the reporting holding

company in any company not meeting the definition

of associated company, except minority holdings that

indirectly represent premises of the holding company

(report in Schedule HC, item 6), other real estate

owned (report in Schedule HC, item 7), or investments in real estate ventures (report in Schedule HC,

item 9), provided that the fair value of any capital

stock representing the minority interest is not readily

determinable. (See the Glossary entry for ‘‘subsidiaries’’ for the definition of associated company.)

(7) Equity holdings in those corporate ventures over

which the reporting bank does not exercise significant influence, except equity holdings that indirectly

represent premises of the holding company (report in

Schedule HC, item 6), other real estate owned (report

in Schedule HC, item 7), or investments in real estate

ventures (report in Schedule HC, item 9). (See the

Glossary entry for ‘‘subsidiaries’’ for the definition of

corporate joint venture.)

Exclude from this item:

(1) Investments in subsidiaries that have not been consolidated; associated companies; corporate joint ventures, unincorporated joint ventures, and general

partnerships over which the holding company exercises significant influence; and noncontrolling investments in certain limited partnerships and limited

liability companies (described in the Glossary entry

Schedule HC-F

HC-F-2 FR Y-9C

Schedule HC-F December 2020
for ‘‘equity method of accounting’’) (report in Schedule HC, item 8, ‘‘Investments in unconsolidated

subsidiaries and associated companies,’’ or item 9,

‘‘Direct and indirect investments in real estate ventures,’’ as appropriate).

(2) Preferred stock that by its terms either must be

redeemed by the issuing enterprise or is redeemable

at the option of the investor (report in Schedule HC-B, item 6, ‘‘Other debt securities’’).

Line Item 5 Life insurance assets.

Report in the appropriate subitem the amount of the

holding company’s general account, separate account,

and hybrid account holdings of life insurance that could

be realized under the insurance contracts as of the report

date. In general, this amount is the cash surrender value

reported to the holding company by the insurance carrier,

less any applicable surrender charges not reflected by the

carrier in the reported cash surrender value, on all forms

of permanent life insurance policies owned by the holding company, its consolidated subsidiaries, and grantor

(rabbi) trusts established by the holding company or its

consolidated subsidiaries, regardless of the purposes for

acquiring the insurance. A holding company should also

consider any additional amounts included in the contractual terms of the insurance policy in determining the

amount that could be realized under the insurance contract. For further information, see the Glossary entry for

‘‘bank-owned life insurance.’’

Permanent life insurance refers to whole and universal

life insurance, including variable universal life insurance.

Purposes for which insurance may be acquired include

offsetting pre- and post-retirement costs for employee

compensation and benefit plans, protecting against the

loss of key persons, and providing retirement and death

benefits to employees.

Include as life insurance assets the holding company’s

interest in insurance policies under split-dollar life insurance arrangements with directors, officers, and employees under both the endorsement and collateral assignment

methods.

Line Item 5(a) General account life insurance

assets.

Report the amount of the holding company’s holdings of

life insurance assets associated with general account

insurance policies. In a general account life insurance

policy, the general assets of the insurance company

issuing the policy support the policy’s cash surrender

value.

Also include the portion of the carrying value of:

(1) Separate account policies that represents general

account claims on the insurance company, such as

realizable deferred acquisition costs and mortality

reserves; and

(2) Hybrid account policies that represents general

account claims on the insurance company, such as

any shortfall in the value of the separate account

assets supporting the cash surrender value of the

policies.

Line Item 5(b) Separate account life insurance

assets.

Report the amount of the holding company’s holdings of

life insurance assets associated with separate account

insurance policies. In a separate account policy, the

policy’s cash surrender value is supported by assets

segregated from the general assets of the insurance

carrier. Under such an arrangement, the policyholder

neither owns the underlying separate account created by

the insurance carrier on its behalf nor controls investment

decisions in the underlying account, but does assume all

investment and price risk.

Separate accounts are employed by life insurers to meet

specific investment objectives of policyholders. The

accounts are often maintained as separate accounting and

reporting entities for pension plans as well as fixed

benefit, variable annuity, and other products. Investment

income and investment gains and losses generally accrue

directly to such policyholders and are not accounted for

on the general accounts of the insurer. On the books of

the insurer, the carrying values of separate account assets

and liabilities usually approximate each other with little

associated capital. Because they are legally segregated,

the assets of each separate account are not subject to

claims on the insurer that arise out of any other business

of the insurance company.

Line Item 5(c) Hybrid account life insurance

assets.

Report the amount of the holding company’s holdings of

life insurance assets associated with hybrid account

insurance policies. A hybrid account insurance policy

Schedule HC-F

FR Y-9C HC-F-3

Schedule HC-F March 2013
combines features of both general and separate account

insurance products. Similar to a general account life

insurance policy, a hybrid policy offers a guaranteed

minimum crediting rate, does not carry market value risk,

and does not require stable value protection. However,

like a separate account life insurance policy, a hybrid

policy’s cash surrender value is supported by assets

segregated from the general assets of the insurance

carrier. Because they are legally segregated, the assets of

each separate account are not subject to claims on the

insurer that arise out of any other business of the

insurance company. Additionally, the holding company

holding the hybrid account life insurance policy is able to

select the investment strategy in which the insurance

premiums are invested. Under such an arrangement, the

policyholder neither owns the underlying separate account

created by the insurance carrier on its behalf nor controls

investment decisions in the underlying account.

Line Item 6 Other.

Report the amount of all other assets (other than those

reported in Schedule HC-F, items 1, 2, 3, 4, and 5 above)

which cannot properly be reported in Schedule HC,

items 1 through 10.

Holding companies that have adopted ASU 2016-13,

report financial assets included within this line item net

of any applicable allowances for credit losses.

Include as all other assets:

(1) Prepaid expenses i.e., those applicable as a charge

against earnings in future periods.

(2) Cost of issuing subordinated notes and debentures

and the cost of issuing notes payable to unconsolidated special purpose entities that issue trust preferred securities, net of accumulated amortization.

(3) Automobiles, boats, equipment, appliances, and

similar personal property repossessed or otherwise

acquired for debts previously contracted.

(4) Derivative instruments that have a positive fair

value that the holding company holds for purposes

other than trading. For further information, see

Glossary entry for ‘‘derivative contracts.’’

(5) Accrued interest on securities purchased (if

accounted for separately from ‘‘accrued interest

receivable’’ in the holding company’s records).

(6) Cash items not conforming to the definition of

‘‘Cash items in process of collection’’ found in the

instruction to Schedule HC, item 1(a).

(7) Credit or debit card sales slips in process of collection until the reporting holding company has been

notified that it has been given credit (report thereafter in Schedule HC, item 1(a), ‘‘Noninterest-bearing

balances and currency and coin’’).

(8) Purchased computer software, net of accumulated

amortization, and unamortized costs of computer

software to be sold, leased, or otherwise marketed

capitalized in accordance with the provisions of

ASC Subtopic 985-20, Software – Costs of Software to Be Sold, Leased or Marketed (formerly

FASB Statement No. 86, Accounting for the Cost of

Computer Software to be Sold, Leased, or Otherwise Marketed).

(9) Bullion (e.g., gold or silver) not held for trading

purposes.

(10) Original art objects, including paintings, antique

objects, and similar valuable decorative articles

(report at cost unless there has been a decline in

value, judged to be other than temporary, in which

case the object should be written down to its fair

value).

(11) Securities or other assets held in charitable trusts

(e.g., Clifford Trusts).

(12) The full amount (with the exceptions noted below)

of customers’ liability to the reporting holding

company on drafts and bills of exchange that have

been accepted by the reporting holding company, or

by others for its account, and are outstanding. The

amount of customers’ liability to the reporting

holding company on its acceptances that have not

yet matured should be reduced only when: (a) the

customer anticipates its liability to the reporting

holding company on an outstanding acceptance by

making a payment to the holding company in

advance of the acceptance’s maturity that immediately reduces the customer’s indebtedness to the

holding company on such an acceptance; or (b) the

reporting holding company acquires and holds its

own acceptance. See the Glossary entry for ‘‘bankers acceptances’’ for further information.

(13) Debt issuance costs related to line-of-credit arrangements, net of accumulated amortization. Debt issuance costs related to a recognized debt liability that

Schedule HC-F

HC-F-4 FR Y-9C

Schedule HC-F March 2019
is not a line-of-credit arrangement should be presented as a direct deduction from the face amount

of the related debt, not as an asset. For debt

reported at fair value under a fair value option, debt

issuance costs should be expensed as incurred.

(14) Furniture and equipment rented to others under

operating leases, net of accumulated depreciation.

(15) Ground rents.

(16) Customers’ liability for deferred payment letters of

credit.

(17) Reinsurance recoverables of insurance subsidiaries

from unaffiliated reinsurers only. (Also report, as

appropriate, in Schedule HC-I).

(18) ‘‘Separate account assets’’ of insurance subsidiaries. (Also report, as appropriate, in Schedule

HC-I).

(19) The positive fair value of unused loan commitments (not accounted for as derivatives) that the

holding company has elected to report at fair value

under a fair value option.

(20) Retained interests in accrued interest receivable

related to securitized credit cards. For further information, see the Glossary entry for ‘‘accrued interest

receivable related to credit card securitizations.’’

(21) Indemnification assets arising from loss-sharing

agreements with the FDIC covering specified assets

acquired from failed insured depository institutions

or otherwise purchased from the FDIC. (Exclude

the assets covered by FDIC loss-sharing agreements from this component of ‘‘Other’’ assets.

Report each covered asset in the balance sheet

category appropriated to the asset on Schedule HC,

e.g., report covered held-for-investment loans in

Schedule HC, item 4(b), ‘‘Loans and leases, held

for investment.’’)

(22) Receivables arising from foreclosures on fully and

partially government-guaranteed mortgage loans if

the guarantee is not separable from the loan before

foreclosure and, at the time of foreclosure, (a) the

institution’s intent is to convey the property to the

guarantor and make a claim on the guarantee and

the holding company has the ability to recover

under that claim, and (b) any amount of the claim

that is determined on the basis of the fair value of

the real estate is fixed. For further information, see

the Glossary entry for “Foreclosed assets.”

Exclude from all other assets:

(1) Redeemed U.S. savings bonds and food stamps

(report in Schedule HC, item 1(a), ‘‘Noninterestbearing balances and currency and coin’’).

(2) Real estate owned or leasehold improvements to

property intended for future use as premises of the

holding company (report in Schedule HC, item 6,

‘‘Premises and fixed assets’’).

(3) Accounts identified as ‘‘building accounts,’’ ‘‘construction accounts,’’ or ‘‘remodeling accounts’’ (report

in Schedule HC, item 6, ‘‘Premises and fixed assets’’).

(4) Real estate acquired in any manner for debts previously contracted (including, but not limited to, real

estate acquired through foreclosure and real estate

acquired by deed in lieu of foreclosure), even if the

holding company has not yet received title to the

property, and real estate collateral underlying a loan

when the holding company has obtained physical

possession of the collateral (report as ‘‘All other real

estate owned’’ in Schedule HC-M, item 13(b)).

(5) Due bills representing purchases of securities or

other assets by the reporting bank that have not yet

been delivered (report as loans in Schedule HC-C).

(6) Factored accounts receivable (report as loans in

Schedule HC-C).

Line Item 7 Total.

Report the sum of items 1 through 6. This amount must

equal Schedule HC, item 11, ‘‘Other assets.’’

Schedule HC-F

FR Y-9C HC-F-5

Schedule HC-F March 2018
LINE ITEM INSTRUCTIONS FOR

Other Liabilities

Schedule HC-G

General Instructions

Complete this schedule for the fully consolidated holding

company. Eliminate all intercompany balances between

offices, subsidiaries, and other entities included in the

scope of the consolidated holding company.

Line Item 1 Not applicable.

Line Item 2 Net deferred tax liabilities.

Report the net amount after offsetting deferred tax assets

(net of valuation allowance) and deferred tax liabilities

measured at the report date for a particular tax jurisdiction if the net result is a credit balance. If the result for a

particular tax jurisdiction is a net debit balance, report the

amount in Schedule HC-F, item 2, ‘‘Net deferred tax

assets.’’ If the result for each tax jurisdiction is a net debit

balance, enter a zero in this item. (A holding company

may report a net deferred tax debit, or asset, for one tax

jurisdiction, such as for federal income tax purposes, and

also report at the same time a net deferred tax credit, or

liability, for another tax jurisdiction, such as for state or

local income tax purposes.)

For further information on calculating deferred taxes for

different tax jurisdictions, see the Glossary entry for

‘‘income taxes.’’

Line Item 3 Allowance for credit losses on

off-balance sheet credit exposures.

Report the amount of any allowance for credit losses on

off-balance sheet exposures established in accordance

with generally accepted accounting principles.

Holding companies that have adopted FASB Accounting

Standards Update No. 2016-13, which governs the

accounting for credit losses, should exclude off-balance

sheet credit exposures that are unconditionally cancellable by the holding company when estimating expected

credit losses.

Line Item 4 Other.

Report the amount of all other liabilities (other than those

reported in Schedule HC-G, items 2 and 3 above) that

cannot properly be reported in Schedule HC, items 13

through 19. Report the amount of interest on deposits,

income taxes, interest on nondeposit liabilities, and other

expenses accrued through charges to expense during the

current or prior periods, but not yet paid or credited to a

deposit account.

Include as all other liabilities:

(1) Accounts payable.

(2) Deferred compensation liabilities.

(3) Dividends declared but not yet payable—Include

the amount of cash dividends declared on limitedlife preferred, perpetual preferred, and common

stock on or before the report date but not payable until after the report date. (Report dividend

checks outstanding as deposit liabilities in Schedule HC-E).

(4) Derivative instruments that have a negative fair

value that the reporting holding company holds for

purposes other than trading. For further information, see Glossary entry for ‘‘derivative contracts.’’

(5) For holding companies that have adopted FASB

Accounting Standards Update No. 2016-02 on

accounting for leases, lease liabilities for operating

leases.

(6) Deferred gains from sale–leaseback transactions.

(7) Unamortized loan fees, other than those that represent an adjustment of the interest yield, if material

(refer to the Glossary entry for ‘‘loan fees’’ for

further information).

(8) Holding company’s liability for deferred payment

letters of credit.

FR Y-9C HC-G-1

Schedule HC-G March 2020
(9) Recourse liability accounts arising from asset transfers with recourse that are reported as sales.

(10) Claims and claims adjustment expense reserves of

insurance subsidiaries. (Also report, as appropriate,

in Schedule HC-I).

(11) Unearned premiums of insurance subsidiaries. (Also

report, as appropriate, in Schedule HC-I).

(12) Policyholder benefits and contractholder funds of

insurance subsidiaries. (Also report, as appropriate,

on Schedule HC-I).

(13) “Separate account liabilities” of insurance subsidiaries (Also report, as appropriate, in Schedule HC-I).

(14) The full amount (except as noted below) of the

liability represented by drafts and bills of exchange

that have been accepted by the reporting holding

company, or by others for its account, and that are

outstanding. The holding company’s liability on

acceptances executed and outstanding should be

reduced prior to the maturity of such acceptances

only when the reporting holding company acquires

and holds its own acceptances, i.e., only when the

acceptances are not outstanding. See the Glossary

entry for “bankers acceptances” for further information.

(15) Servicing liabilities.

(16) The negative fair value of unused loan commitments (not accounted for as derivatives) that the

holding company has elected to report at fair value

under a fair value option.

(17) Cash payments and other consideration received in

connection with transfers of the reporting holding

company’s other real estate owned that have been

financed by the institution and do not qualify for

sale accounting, which applicable accounting standards describe as a “liability,” a “deposit,” or a

“deposit liability.” See the Glossary entry for “foreclosed assets” for further information.

Exclude from all other liabilities (report in Schedule HC,

item 19(b), ‘‘Subordinated notes payable to unconsolidated trusts issuing trust preferred securities, and trust

preferred securities issued by consolidated special purpose entities’’):

(1) Instruments generally referred to as trust preferred

securities that are issued out of consolidated special

purpose entities. For further information, see the

Glossary entry for ‘‘Trust preferred securities

issued.’’

(2) Notes payable to unconsolidated special purpose

entities that issue trust preferred securities.

Exclude from all other liabilities (report in appropriate

items of Schedule HC-E, Deposit Liabilities):

(1) Proceeds from sales of U.S. savings bonds.

(2) Withheld taxes, social security taxes, sales taxes, and

similar items.

(3) Mortgage and other escrow funds (e.g., funds received

for payment of taxes or insurance), sometimes

described as mortgagors’ deposits or mortgage credit

balances.

(4) Undisbursed loan funds for which borrowers are

liable and on which they pay interest. The amounts of

such undisbursed funds should be included in both

loans and deposits.

(5) Funds held as dealer reserves (see the Glossary entry

for ‘‘dealer reserve accounts’’ for the definition of

this term).

(6) Payments collected by the holding company on loans

secured by real estate and other loans serviced for

others that have not yet been remitted to the owners

of the loans.

(7) Credit balances on credit cards and other revolving

credit plans as a result of customers’ overpayments.

Also exclude from all other liabilities due bills or similar

instruments representing the holding company’s receipt

of payment and the holding company’s liability on

capital lease obligations (report in Schedule HC, item 16,

‘‘Other borrowed money’’).

Line Item 5 Total.

Report the sum of items 2 through 4. This amount must

equal Schedule HC, item 20, ‘‘Other liabilities.’’

Schedule HC-G

HC-G-2 FR Y-9C

Schedule HC-G March 2020
LINE INSTRUCTIONS FOR

Interest Sensitivity

Schedule HC-H

General Instructions

Schedule HC-H requests information related to interest

rate sensitivity.

Information for only selected assets and liabilities is

requested in this schedule. The schedule does not provide, nor is it intended to provide, a comprehensive view

of the interest rate sensitivity position of the reporting

holding company.

The information reported on this schedule must be

consolidated on the same basis as the rest of the Consolidated Financial Statements for Holding Companies.

However, holding companies that have foreign subsidiaries or subsidiaries with more than one office in foreign

countries (including offices of consolidated foreign subsidiaries but excluding ‘‘shell’’ branches, excluding

offices in Puerto Rico or U.S. territories and possessions,

and excluding IBFs) have the option of excluding the

smallest of such non-U.S. offices from coverage in this

schedule. Such holding companies may exclude the

smallest of their offices in foreign countries (other than

‘‘shell’’ branches) when arrayed by total assets provided

that the assets of the excluded offices do not exceed

50 percent of the total assets of the holding company’s

offices (excluding ‘‘shells’’) in foreign countries and do

not exceed 10 percent of the total consolidated assets of

the reporting holding company as of the report date.

(Note: In determining the total assets of offices in foreign

countries eligible for exclusion from this schedule, holding companies should exclude not only ‘‘shell’’ branches

but also offices in Puerto Rico and U.S. territories and

possessions, domestic offices of Edge and Agreement

subsidiaries, and IBFs even though these are sometimes

referred to as ‘‘foreign’’ offices. Also, the asset totals for

all offices in foreign countries should be the component

of the total consolidated assets, i.e., should exclude all

intracompany transactions.)

The assets and liabilities included in this schedule should

be reported without regard to the instruments’ repayment

schedules, by remaining maturity for transactions with

fixed or predetermined rates, and by repricing frequency

for transactions with floating or adjustable rates. (See

definitions of terms below.)

Alternatively, the holding company may, at its option:

(1) continue to report its floating rate transactions by

the earliest repricing opportunity if its records provide repricing data on the length of time between the

report date and the date the rate can next change; and

(2) continue to report its multipayment transactions on

the basis of the scheduled contractual payments if its

records provide repricing data on the basis of these

scheduled contractual payments.

However, the reporting holding company must

apply either the first procedure in reporting this schedule

or the alternate procedure but it must apply one procedure consistently for every transaction reported on this

schedule.

Definitions

A fixed interest rate is a rate that is specified at the

origination of the transaction, is fixed and invariable

during the term of the instrument, and is known to both

the borrower and the lender.

A predetermined interest rate is a rate that changes

during the term of the instrument on a predetermined

basis, with the exact rate of interest over the life of the

instrument known with certainty to both the borrower

and the lender when the instrument is acquired. Examples

of predetermined-rate transactions are as follows:

(1) Loans that carry a specified interest rate, for, say, six

months and thereafter carry a rate equal to a specific

percentage over the initial rate.

(2) Loans that carry a specified interest rate while the

loan amount is below a certain threshold amount but

FR Y-9C HC-H-1

Schedule HC-H March 2013
carry a different specified rate above that threshold

(e.g., a line of credit where the interest rate is 14%

when the unpaid balance of amounts advanced is

$100,000 or less, and 12% when the unpaid balance

is more than $100,000).

A floating or adjustable interest rate is a rate that varies,

or can vary, in relation to an index, to some other interest

rate, such as the rate on certain U.S. government securities or the bank’s ‘‘prime rate,’’ or to some other variable

criterion the exact value of which cannot be known in

advance. Therefore, the exact rate the instrument carries

at any subsequent time cannot be known at the time of

origination. If the interest rate can float or be adjusted

daily, the rate is considered immediately adjustable, even

if the rate is not, in fact, changed.

For purposes of this schedule, when the rate on an

instrument with a floating or adjustable rate can no longer

float because it has reached a floor or ceiling level, the

instrument is to be treated as ‘‘fixed rate’’ rather than as

‘‘floating rate’’ until the rate is again free to float.

Remaining maturity is the amount of time remaining

from the report date until the final contractual maturity of

the instrument without regard to the instruments repayment schedule, if any.

Repricing frequency is how often the contract permits the

interest rate on an instrument to be changed (e.g., daily,

monthly, quarterly, semiannually, annually) without regard

to the length of time between the report date and the date

the rate can next change.

Line Item 1 Earning assets that are repriceable

within one year or mature within one year.

Report all assets that the consolidated holding company

considers earning assets that have a remaining maturity

of less than one year or where the repricing frequency is

less than one year.

Earning assets generally include interest-bearing balances due from depository institutions, securities, federal

funds sold and securities purchased under agreements to

resell, and loans and leases. Assets in these categories

that are in nonaccrual status should be excluded from

earning assets.

Exclude trading account assets and equity securities.

Report in this item the following:

(1) Earning assets that have a fixed or predetermined

interest rate and that have a remaining maturity of

less than one year.

Note, however, holding companies with multipayment fixed rate earning assets may continue to report

the dollar amount of scheduled contractual payments

that are to be repaid in less than one year in this item

even though the remaining maturity of the assets is

one year or more provided all multipayment transactions are reported in this manner. (See general

instructions for this schedule.)

(2) Earning assets that have a floating or variable rate

contract that permits the interest rate on the asset to

change more often than once a year, i.e., has a

repricing frequency of less than one year (even

though the remaining maturity on the assets may be

one year or more).

Note, however, holding companies whose records

provide repricing data on the length of time between

the report date and the date the rate can next change

(i.e., by earliest repricing opportunity) may continue

to report in this item the dollar amount of floating

rate earning assets with an earliest repricing opportunity of less than one year, even though the repricing

frequency is one year or more, provided all floating

rate transactions are reported on this schedule in this

manner. If a holding company chooses to report its

floating rate earning assets by the earliest repricing

opportunity, it should report in this item the dollar

amount of the contractual payments on its multipayment floating rate earning assets that are scheduled to

be repaid within one year even if the earliest repricing opportunity and the repricing frequency is one

year or more. (See general instructions for this

schedule.)

Included in this item, if the repricing frequency or

remaining maturity are less than one year, are the

following:

(1) Leases, held for investment, as fixed rate

instruments.

Note, however, holding companies may continue to

report the change in the book value of the lease

payments that are to be repaid in less than one year,

net of unearned income provided they are reporting

on this schedule using the alternate procedure

Schedule HC-H

HC-H-2 FR Y-9C

Schedule HC-H March 2018
described in the general instructions to this schedule. Any estimated residual value included in the

net book value should be reported if the final lease

payment is scheduled to be made in less than one

year.

(2) All demand loans made solely on a demand basis

(i.e., without an alternate maturity date or without

repayment terms).

(3) Demand loans that have an alternate maturity date

or repayment terms, as fixed or floating rate instruments, on the basis of the alternate maturity date.

(4) Credit cards and related plans with floating or

adjustable rates (e.g., where the rate varies, or can

vary, each billing cycle). Where the holding company in its contract with the borrower simply

reserves the right to change the interest rate on a

credit card or related plan, the plan should not be

considered to have a floating or adjustable rate.

Credit cards and related plans with fixed or predetermined rates are to be excluded from this item.

(5) Amortizing fixed rate mortgage loans that implicitly permit rate adjustments by having the note

mature at the end of an interval shorter than the

term of the amortization schedule unless the holding company made no promise to refinance the

loan, as a floating rate instrument.

(6) Student loans whose interest rate is adjusted periodically by the U.S. government by means of

interest payments that include an amount of ‘‘additional interest,’’ as floating rate instruments.

(7) Loans secured by real estate that are held by the

holding company or its subsidiaries for sale and

delivery to the Federal National Mortgage Association or other secondary market participants under

the terms of a binding commitment, on the basis of

the delivery date specified in the commitment.

(8) Floating rate loans on which the borrower has the

option at each repricing date to choose the next

repricing date, in accordance with the repricing

option currently in effect as of the report date.

(9) Debt securities, without regard to their call date

unless the security has actually been called. When

fixed rate debt securities have been called, they

should be reported on the basis of the time remaining until the call date.

(10) Mortgage pass-through certificates (such as those

issued by the Government National Mortgage

Association (GNMA), the Federal Home Loan

Mortgage Corporation (FHLMC), certain banks

and savings and loan associations, and securities

dealers) and all Small Business Administration

(SBA) ‘‘Guaranteed Loan Pool Certificates.’’

(11) Fixed rate collateralized mortgage obligations

(CMOs) and similar instruments on the basis of the

time remaining until the stated final maturity of the

instrument, not the projected final maturity or

weighted average life of the instrument.

(12) Debt securities that provide the consolidated holding company with the option to redeem them at one

or more specified dates prior to their contractual

maturity date, so-called ‘‘put bonds,’’ on the basis

of earliest ‘‘put’’ date for bonds.

(13) Zero coupon debt securities, as fixed rate debt

securities.

Line Item 2 Interest-bearing deposit liabilities that

reprice within one year or mature within one year.

Report in this item all interest-bearing deposit liabilities

that have a time remaining to maturity of less than one

year and any other interest-bearing deposit liabilities that

have a repricing frequency of less than one year (regardless of the remaining maturity), without regard to scheduled contractual payments on deposits with multiple

maturities. The amount reported in this item should

be included in Schedule HC, item 13(a)(2), ‘‘Interestbearing deposits in domestic offices,’’ and item 13(b)(2),

‘‘Interest-bearing deposits in foreign offices, Edge and

agreement subsidiaries, and IBFs.’’

Do not report deposits in domestic offices classified as

demand or savings accounts (including money market

deposit accounts and all NOW accounts).

Note, however, holding companies choosing to continue

to report their multi-maturity deposits on the basis of

their scheduled contractual payments and their floating

rate deposits by earliest repricing opportunity should

report in this item the following:

(1) the dollar amount of floating or variable rate deposits

that can be repriced in less than one year even if few,

Schedule HC-H

FR Y-9C HC-H-3

Schedule HC-H March 2013
if any, of the contractual payments are scheduled to

be repaid within one year. If the deposits have

multiple maturities and have some contractual payments scheduled to be repaid within one year, but

cannot be repriced for one year or more, include the

dollar amount of the contractual payments to be

repaid within one year. (See general instructions for

this schedule.)

(2) the dollar amount of the scheduled contractual payments that are to be repaid in less than one year if the

deposits have fixed or predetermined rates. (See

general instructions for this schedule.)

Line Item 3 Long-term debt with a remaining

maturity of more than one year but reprices

within one year included in items 16 and 19(a) on

Schedule HC, Balance Sheet.

Report debt issued by the consolidated holding company

that has a remaining maturity of more than one year but

that has a repricing frequency of less than a year.

Include as long-term debt the following:

(1) Other borrowed money with a remaining maturity of

more than one year reported in Schedule HC, item 16

(excluding mortgage indebtedness and obligations

under capitalized leases reported on Schedule HC,

item 16);

(2) Mandatory convertible securities (included in Schedule HC, item 19(a)); and

(3) Subordinated notes and debentures reported in Schedule HC, item 19(a) (excluding limited-life preferred

stock and related surplus reported in Schedule HC,

item 19(a)).

Note, however, holding companies choosing to continue

to report their long-term debt that can be repaid in more

than one payment on the basis of their scheduled contractual payments and their floating rate long-term debt by

earliest repricing opportunity should report the following

in this item:

(1) the dollar amount of floating or variable rate longterm debt that can be repriced in less than one year

even if few, if any, of the contractual payments are

scheduled to be repaid within one year. If the multipayment debt has some contractual payments scheduled to be repaid within one year, but cannot be

repriced for one year or more, include the dollar

amount of the contractual payments to be repaid

within one year. (See general instructions for this

schedule.)

(2) the dollar amount of the scheduled contractual payments that are to be repaid in less than one year if the

long-term debt has fixed or predetermined rates. (See

general instructions for this schedule.)

Exclude from this item commercial paper, demand notes

issued to the U.S. Treasury, and other borrowings that

had a remaining maturity of one year or less, mortgage

indebtedness and obligations under capitalized leases

with a remaining maturity of more than one year that is

reported in Schedule HC, item 16, and limited-life preferred stock reported in Schedule HC, item 19(a).

Line Item 4 Variable rate preferred stock

(includes both limited-life and perpetual preferred

stock).

Report the total amount outstanding of both limited-life

(reported in Schedule HC, item 19(a)), and perpetual

preferred stock that has a floating or adjustable rate (as

defined above).

(See the Glossary entry for ‘‘preferred stock,’’ for a

definition of limited-life or perpetual preferred stock.)

Line Item 5 Long-term debt reported in

Schedule HC, item 19(a) on the Balance Sheet that

is scheduled to mature within one year.

Report all debt issued by the consolidated holding company and reported in Schedule HC, item 19(a), ‘‘Subordinated notes and debentures,’’ that is scheduled to

mature within one year, regardless whether the debt has

fixed or floating rates.

Include in this item the amount of such debt issued by the

consolidated holding company that is redeemable at the

option of the holder within one year, even when the debt

is scheduled to mature in more than one year.

Schedule HC-H

HC-H-4 FR Y-9C

Schedule HC-H March 2013
LINE ITEM INSTRUCTIONS FOR

Insurance-Related Underwriting

Activities (Including Reinsurance)

Schedule HC-I

General Instructions

Schedule HC-I, Insurance-Related Underwriting Activities (Including Reinsurance), must be submitted by all

holding companies on a consolidated basis. Report all

items in this schedule in accordance with generally

accepted accounting principles (GAAP). Include all

insurance enterprises subject to ASC Topic 944, Financial Services - Insurance (formerly FAS 60, Accounting

and Reporting by Insurance Enterprises).

The term ‘‘subsidiary,’’ as defined in Section 225.2 of

Federal Reserve Regulation Y, generally includes companies that are 25 percent or more owned or controlled by

another company. However, for purposes of reporting

‘‘Total Assets’’ in part I, item 2 and part II, item 3, only

include the consolidated assets of those insurance underwriting and reinsurance subsidiaries that are consolidated

for financial reporting purposes under GAAP and the net

investments in unconsolidated subsidiaries and associated companies that are accounted for under the equity

method of accounting. For purposes of reporting ‘‘Total

Equity’’ in part I, item 5 and part II, item 6, include the

equity of subsidiaries that are fully consolidated under

GAAP. In addition, ‘‘Net Income’’ in part I, item 6 and

Part II, item 7, should include the net income of subsidiaries that are consolidated under GAAP and the reporting

holding company’s proportionate share of the net income

of unconsolidated subsidiaries and associated companies

that are accounted for under the equity method of

accounting.

See the Glossary entries for additional information on the

following terms: (1) Contractholder, (2) Insurance Commissions, (3) Insurance Underwriting, (4) Policyholder,

(5) Insurance Premiums, (6) Reinsurance, (7) Reinsurance Recoverables, and (8) Separate Accounts.

Part I. Property and Casualty

Item 1 is to be completed by holding companies with

$10,000,000 or more in reinsurance recoverables as of

the effective date each quarter.

Assets

Line Item 1 Reinsurance recoverables.

Report reinsurance recoverables from unaffiliated property casualty reinsurers only.

Line item 2 Total assets.

Report the amount of total consolidated assets that are

specific to property casualty insurance underwriting

activities of the holding company. Include in total assets

the assets of all legal entities that are considered to be an

integral part of the company’s property casualty insurance underwriting activities.

Liabilities

Line item 3 Claims and claims adjustment expense

reserves.

Report the liability for unpaid claims and claims adjustment expense reserves, which represents the estimated

ultimate cost of settling claims, net of estimated recoveries, and including all costs expected to be incurred in

connection with the settlement of unpaid claims. Such

costs are accrued when an insured event occurs.

Line item 4 Unearned premiums.

Report the reserve for unearned premiums. Unearned

premiums represent the policy premiums associated with

the unexpired portion of the term of coverage.

Line item 5 Total equity.

Report the total equity capital of property casualty underwriting subsidiaries that are consolidated under GAAP.

FR Y-9C HC-I-1

Schedule HC-I September 2016
Line item 6 Net income.

Report the consolidated net income attributable to property casualty insurance underwriting related activities of

the holding company. Include the net income of all legal

entities that are considered to be an integral part of the

holding company’s property and casualty insurance

underwriting activities.

Part II. Life and Health

Item 1 is to be completed by holding companies with

$10,000,000 or more in reinsurance recoverables as of

the effective date each quarter.

Assets

Line Item 1 Reinsurance recoverables.

Report reinsurance recoverables from unaffiliated life

and health reinsurers only.

Line item 2 Separate account assets.

Report all assets qualifying for separate account summary total presentation in the insurer’s balance sheet.

Include assets related to products in which the contractholder and not the insurer retains all or most of the

investment and/or interest rate risk.

Line item 3 Total assets.

Report the amount of total consolidated assets that are

specific to life and health insurance underwriting activities of the holding company. Include in total assets the

assets of all legal entities that are considered to be an

integral part of the company’s life and health insurance

underwriting activities.

Liabilities

Line item 4 Policyholder benefits and

contractholder funds.

Report the liability for future policy benefits, which

represents the present value of future policy benefits to

be paid to or on behalf of policyholders and related

expenses less the present value of future net premiums.

Also include contractholder funds that represent receipts

from the issuance of universal life, corporate owned life

insurance, pension investment and certain deferred annuity contracts.

Line item 5 Separate account liabilities.

Report all liabilities qualifying for separate account

summary presentation in the insurer’s balance sheet.

Line item 6 Total equity.

Report the equity capital of life and health underwriting

subsidiaries that are consolidated under GAAP.

Line item 7 Net income.

Report the consolidated net income attributable to life

and health insurance underwriting related activities of the

holding company. Include the net income of all legal

entities that are considered to be an integral part of the

holding company’s life and health insurance underwriting activities.

Schedule HC-I

HC-I-2 FR Y-9C

Schedule HC-I September 2016
LINE ITEM INSTRUCTIONS FOR

Quarterly Averages

Schedule HC-K

General Instructions

Report for the items on this schedule the average of the

balances as of the close of business for each day for the

calendar quarter or an average of the balances as of the

close of business on each Wednesday during the calendar

quarter. For days that the holding company (or any of its

consolidated subsidiaries or branches) is closed (e.g.,

Saturdays, Sundays, or holidays), use the amount outstanding from the previous business day. An office is

considered closed if there are no transactions posted to

the general ledger as of that date.

Insurance SLHCs that are completing Schedule HC-K

and do not calculate quarterly averages as prescribed by

these instructions may calculate the quarterly averages

utilizing an industry convention or may provide estimates

on a best efforts basis utilizing one of the two quarterly

average calculations prescribed in these instructions.

Disclose the method used to calculate quarterly averages

in the ‘‘Notes to the Balance Sheet - Other’’ section.

If the reporting holding company was the acquirer in a

business combination accounted for under the acquisition

method for which the acquisition date was during the

calendar quarter, the quarterly averages for the holding

company should include in the numerator:

• Dollar amounts for the reporting holding company for

each day (or each Wednesday) from the beginning of

the quarter until the acquisition date and

• Dollar amounts for the reporting holding company and

the acquired business for each day (or each Wednesday) from the acquisition date through the end of the

quarter

and should include in the denominator the number of

days (or Wednesdays) in the entire quarter.

If the reporting holding company was involved in a

transaction between entities under common control that

became effective during the calendar quarter and has

been accounted for at historical cost in a manner similar

to a pooling of interests, the quarterly averages for the

holding company should include dollar amounts for both

the reporting holding company and the business that was

combined in the transaction for each day (or each

Wednesday) from the beginning to the end of the quarter

in the numerator and the number of days (or Wednesdays) in the entire quarter in the denominator. For further

information on business combinations, pushdown

accounting, and transactions between entities under common control, see the Glossary entry for “business combinations.”

If the holding company began operating during the

calendar quarter, the quarterly averages for the holding

company should include only the dollar amounts for the

days (or Wednesdays) since the holding company began

operating in the numerator and the number of days (or

Wednesdays) since the holding company began operating

in the denominator.

Holding companies that have adopted FASB Accounting

Standards Update No. 2016-13, which governs the

accounting for credit losses, should not deduct allowances for credit losses, if any, from the related amortized

cost amounts when calculating quarterly averages for

items for Schedule HC-K, items 1 through 4. However,

such holding companies should deduct allowances for

credit losses from the related amortized cost amounts

when calculating the quarterly average for total consolidated assets for Schedule HC-K, item 5.

Assets

Line Item 1 Securities.

Line Item 1(a) U.S. Treasury securities and U.S.

Government agency obligations (excluding

mortgage-backed securities).

FR Y-9C HC-K-1

Schedule HC-K March 2019
Report the quarterly average of the amortized cost of the

holding company’s held-to-maturity and available-forsale U.S. Treasury and Government agency obligations

(as defined for Schedule HC-B, items 1 and 2, columns A

and C).

Line Item 1(b) Mortgage-backed securities.

Report the quarterly average of the amortized cost of the

holding company’s held-to-maturity and available-forsale mortgage-backed securities (as defined for Schedule

HC-B, item 4, columns A and C).

Line Item 1(c) All other debt securities and equity

securities with readily determinable fair values not

held for trading purposes.

Report the quarterly average of the amortized cost of the

holding company’s held-to-maturity and available-forsale debt securities issued by states and political subdivisions in the U.S., asset-backed securities and structured

financial products, and other debt securities (as defined

for Schedule HC-B, items 3, 5, and 6, columns A and C)

plus the quarterly average of the fair value of the holding

company’s investments in mutual funds and other equity

securities with readily determinable fair values (as defined

for Schedule HC, item 2(c)).

Line Item 2 Federal funds sold and securities

purchased under agreements to resell.

Report the quarterly average for federal funds sold and

securities purchased under agreements to resell (as

defined in Schedule HC, item 3).

Line Item 3(a) Total loans and leases in domestic

offices.

Report the quarterly average for all loans and leases, held

for investment and held for sale, in domestic offices of

the reporting holding company (as defined for Schedule HC-C, items 1 through 11, column B).

Line Item 3(a)(1) Loans secured by 1-4 family

residential properties.

Report the quarterly average for loans secured by 1-4

family residential properties (in domestic offices) (as

defined for Schedule HC-C, item 1.c, column B).

Exclude “1-4 family residential construction loans” (in

domestic offices) (as defined for Schedule HC-C, item

1.a.(1), column B).

Line Item 3(a)(2) All other loans secured by real

estate.

Report the quarterly average for all construction, land

development, and other land loans; loans secured by

farmland; loans secured by multifamily (5 or more)

residential properties; and loans secured by nonfarm

nonresidential properties (in domestic offices) (as defined

for Schedule HC-C, items 1.a.(1), 1.a.(2), 1.b, 1.d, 1.e.(1),

and 1.e.(2), column B).

Exclude loans “Secured by 1-4 family residential properties” (in domestic offices) (as defined for Schedule HC-C,

items 1.c.(1), 1.c.(2)(a), and 1.c.(2)(b), column B).

Line Item 3(a)(3) Loans to finance agricultural

production and other loans to farmers.

Report the quarterly average for loans to finance agricultural production and other loans to farmers in domestic

offices (as defined for Schedule HC-C, item 3, column B).

Line Item 3(a)(4) Commercial and industrial

loans.

Report the quarterly average for commercial and industrial loans (in domestic offices) (as defined for Schedule HC-C, item 4, column B).

Line Item 3(a)(5) Loans to individuals for

household, family, and other personal expenditures.

Line Item 3(a)(5)(a) Credit cards.

Report the quarterly average for credit cards (in domestic

offices) (as defined for Schedule HC-C, item 6(a)).

Line Item 3(a)(5)(b) Other.

Report the quarterly average for all other loans (in

domestic offices) to individuals for household, family,

and other personal expenditures other than credit cards

(as defined for Schedule HC-C, items 6(b), 6(c), and

6(d)).

Schedule HC-K

HC-K-2 FR Y-9C

Schedule HC-K March 2021
Line Item 3(b) Total loans and leases in foreign

offices, Edge and Agreement subsidiaries, and IBFs.

Report the quarterly average for total loans and leases

held for investment and held for sale (as defined for

Schedule HC-C, items 1 through 10, less item 11), held in

the reporting holding company’s foreign offices, Edge

and Agreement subsidiaries, and IBFs.

Line Item 4(a) Trading assets.

Note: Item 4(a) is to be completed by holding companies

with $5 billion or more in total assets that reported total

trading assets of $10 million or more in any of the four

preceding calendar quarters.

Report the quarterly average for the fully consolidated

holding company for trading assets (as defined for Schedule HC, item 5). Trading assets include derivatives with

positive fair values.

Line Item 4(b) Other earning assets.

Report the quarterly average for those other assets that

the holding company considers earning assets.

Line Item 5 Total consolidated assets.

Report the quarterly average for the holding company’s

total assets, as defined for “Total assets,” on Schedule

HC, item 12, except that this quarterly average should

reflect:

• All debt securities not held for trading at amortized

cost;

• Equity securities with readily determinable fair values

not held for trading at fair value; and

• Equity securities and other equity investments without

readily determinable fair values not held for trading as

defined for “Total assets,” report such securities and

investments at their balance sheet carrying values (i.e.,

fair value or, if elected, cost minus impairment, if any,

plus or minus changes resulting from observable price

changes in orderly transactions for the identical or a

similar investment of the same issuer).

This exception for equity securities and other equity

investments does not apply to those accounted for under

the equity method or that result in consolidation.

In addition, to the extent that net deferred tax assets

included in the holding company’s total assets, if any,

include the deferred tax effects of any unrealized holding

gains and losses on available-for-sale debt securities,

these deferred tax effects may be excluded from the

determination of the quarterly average for total

consolidated assets. If these deferred tax effects are

excluded, this treatment must be followed consistently

over time.

This item is not the sum of items 1 through 4(b).

Liabilities

Line Item 6 Interest-bearing deposits (domestic).

Report the quarterly average for all interest-bearing

deposits held in domestic offices of depository institutions that are consolidated subsidiaries of the holding

company or of its subsidiaries. Include all interestbearing demand, time and savings deposits in domestic

offices (as defined for Schedule HC-E, items 1(b) through

1(e) and items 2(b) through 2(e)).

Line Item 7 Interest-bearing deposits (foreign).

Report the quarterly average for interest- bearing deposits in foreign offices of depository institutions that are

consolidated subsidiaries of the reporting holding company, Edge and Agreement subsidiaries, and IBFs (as

defined for Schedule HC, item 13(b)(2), “Interestbearing”).

Line Item 8 Federal funds purchased and

securities sold under agreements to repurchase.

Report the quarterly average for federal funds purchased

and securities sold under agreements to repurchase (as

defined in Schedule HC, item 14).

Line Item 9 All other borrowed money.

Report the quarterly average for the fully consolidated

holding company’s other borrowed money (as defined for

Schedule HC, item 16).

Included are commercial paper and all other borrowed

money regardless of maturity.

Line Item 10 Not applicable.

Schedule HC-K

FR Y-9C HC-K-3

Schedule HC-K March 2021
Line Item 11 Total equity capital (excludes

limited-life preferred stock).

Report the quarterly average for the fully consolidated

holding company’s total equity capital (as defined for

Schedule HC, item 27(a)). For purposes of this schedule,

include net unrealized losses on marketable equity securities, other net unrealized gains and losses on availablefor-sale securities, and accumulated net gains (losses) on

cash flow hedges when calculating average equity capital.

Schedule HC-K

HC-K-4 FR Y-9C

Schedule HC-K March 2013
LINE ITEM INSTRUCTIONS FOR

Derivatives and Off-Balance-Sheet Items

Schedule HC-L

General Instructions

Report on a fully consolidated basis the following

selected commitments, contingencies, and other offbalance sheet items. Exclude from this schedule contingencies arising in connection with litigation. For those

asset-backed commercial paper program conduits that the

reporting holding company consolidates onto its balance

sheet (Schedule HC) in accordance with ASC Subtopic

810-10, Consolidation – Overall (formerly FASB Interpretation No. 46 (R), Consolidation of Variable Interest

Entities, as amended by FASB Statement No. 167,

Amendments to FASB Interpretation No. 46(R)), any

credit enhancements and liquidity facilities the holding

company provides to the programs should not be reported

in Schedule HC-L. In contrast, for conduits that the

reporting holding company does not consolidate, the

holding company should report the credit enhancements

and liquidity facilities it provides to the programs in the

appropriate items of Schedule HC-L.

Line Item 1 Unused commitments.

Report in the appropriate subitem the unused portions of

commitments. Unused commitments are to be reported

gross, i.e., include in the appropriate subitem the unused

amount of commitments acquired from and conveyed or

participated to others. However, exclude commitments

conveyed or participated to others that the holding company is not legally obligated to fund even if the party to

whom the commitment has been conveyed or participated fails to perform in accordance with the terms of the

commitment.

For purposes of this item, commitments include:

(1) Commitments to make or purchase extensions of

credit in the form of loans or participations in loans,

lease financing receivables, or similar transactions.

(2) Commitments for which the holding company has

charged a commitment fee or other consideration.

(3) Commitments that are legally binding.

(4) Loan proceeds that the holding company is obligated

to advance, such as:

(a) Loan draws;

(b) Construction progress payments; and

(c) Seasonal or living advances to farmers under

prearranged lines of credit.

(5) Rotating, revolving, and open-end credit arrangements, including, but not limited to, retail credit card

lines and home equity lines of credit.

(6) Commitments to issue a commitment at some point

in the future, where the holding company has extended

terms, the borrower has accepted the offered terms,

and the extension and acceptance of the terms:

(a) Are in writing, regardless of whether they are

legally binding on the holding company and the

borrower, or

(b) If not in writing, are legally binding on the

holding company and the borrower,1

even though the related loan agreement has not yet

been signed and even if the commitment to issue a

commitment is revocable, provided any revocation

has not yet taken effect as of the report date.

(7) Overdraft protection on depositors’ accounts offered

under a program where the holding company advises

account holders of the available amount of overdraft

1. For example, either the extension or the acceptance of the terms or

both are verbal, but they are nonetheless legally binding on both parties

under applicable law.

FR Y-9C HC-L-1

Schedule HC-L March 2013
protection, for example, when accounts are opened or

on depositors’ account statements or ATM receipts.

(8) The holding company’s own takedown in securities

underwriting transactions.

(9) Revolving underwriting facilities (RUFs), note issuance facilities (NIFs), and other similar arrangements, which are facilities under which a borrower

can issue on a revolving basis short-term paper in its

own name, but for which the underwriting holding

company has a legally binding commitment either to

purchase any notes the borrower is unable to sell by

the rollover date or to advance funds to the borrower.

Exclude forward contracts and other commitments that

meet the definition of a derivative and must be

accounted for in accordance with ASC Topic 815,

Derivatives and Hedging (formerly Statement No. 133,

Accounting for Derivative Instruments and Hedging

Activities, as amended), which should be reported in

Schedule HC-L, item 13. Include the amount (not the

fair value) of the unused portions of loan commitments

that do not meet the definition of a derivative that the

holding company has elected to report at fair value

under a fair value option. Also include forward

contracts that do not meet the definition of a

derivative.

The unused portions of commitments are to be reported

in the appropriate subitem regardless of whether they

contain ‘‘material adverse change’’ clauses or other provisions that are intended to relieve the issuer of its

funding obligations under certain conditions and regardless of whether they are unconditionally cancelable at

any time.

In the case of commitments for syndicated loans, report

only the holding company’s proportional share of the

commitment.

For purposes of reporting the unused portions of revolving asset-based lending commitments, the commitment is

defined as the amount a holding company is obligated to

fund — as of the report date — based on the contractually agreed upon terms. In the case of revolving assetbased lending, the unused portions of such commitments

should be measured as the difference between (a) the

lesser of the contractual borrowing base (i.e., eligible

collateral times the advance rate) or the note commitment

limit, and (b) the sum of outstanding loans and letters of

credit under the commitment. The note commitment limit

is the overall maximum loan amount beyond which the

holding company will not advance funds regardless of

the amount of collateral posted. This definition of ‘‘commitment’’ is applicable only to revolving asset-based

lending, which is a specialized form of secured lending in

which a borrower uses current assets (e.g., accounts

receivable and inventory) as collateral for a loan. The

loan is structured so that the amount of credit is limited

by the value of the collateral.

Line Item 1(a) Revolving, open-end loans secured

by 1–4 family residential properties, e.g., home

equity lines.

Report the unused portion of commitments to extend

credit under revolving, open-end lines of credit secured

by 1 to 4 family residential properties. These lines,

commonly known as home equity lines, are typically

secured by a junior lien and are usually accessible by

check or credit card.

Line Item 1(b) Credit card lines.

Note: Items 1(b)(1) and 1(b)(2) are to be completed by

HCs with $5 billion or more in total assets semiannually

in the June and December reports only.

Report in the appropriate subitem the unused portions of

all commitments to extend credit both to individuals for

household, family, and other personal expenditures and

to other customers, including commercial and industrial

enterprises, through credit cards. Exclude home equity

lines accessible through credit cards. Holding companies

may report unused credit card lines as of the end of their

customers’ last monthly billing cycle prior to the report

date or as of the report date.

Line Item 1(b)(1) Unused consumer credit card

lines.

Report the unused portions of all commitments to extend

credit to individuals for household, family, and other

personal expenditures through credit cards.

Line Item 1(b)(2) Other unused credit card lines.

Report the unused portions of all commitments to extend

credit to customers through credit cards for purposes

other than household, family, and other personal expenditures. Include, for example, unused credit card lines

under ‘‘corporate’’ or ‘‘business’’ credit card programs

Schedule HC-L

HC-L-2 FR Y-9C

Schedule HC-L December 2019
under which credit cards are issued to one or more of a

company’s employees for business-related uses.

Line Item 1(c)(1) Commitments to fund

commercial real estate, construction, and land

development loans secured by real estate.

Report in the appropriate subitem the unused portion of

commitments to extend credit for the specific purpose of

financing commercial and multifamily residential properties (e.g., business and industrial properties, hotels,

motels, churches, hospitals, and apartment buildings),

provided that such commitments, when funded, would be

reportable as either loans secured by multifamily residential properties in Schedule HC-C, item 1(d), or loans

secured by nonfarm nonresidential properties in Schedule

HC-C, item 1(e).

Also include the unused portions of commitments to

extend credit for the specific purpose of (a) financing

land development (i.e., the process of improving land—

laying sewers, water pipes, etc.) preparatory to erecting

new structures or (b) the on-site construction of industrial, commercial, residential, or farm buildings, provided

that such commitments, when funded, would be reportable as loans secured by real estate in Schedule HC-C,

item 1(a). For this item, ‘‘construction’’ includes not only

construction of new structures, but also additions or

alterations to existing structures and the demolition of

existing structures to make way for new structures. Also,

include in this item loan proceeds the holding company is

obligated to advance as construction progress payments.

Do not include general lines of credit that a borrower, at

its option, may draw down to finance construction and

land development. (Report this in item 1(c)(2) or 1(e)

below, as appropriate).

The sum of items 1(c)(1)(a) and 1(c)(1)(b), below, must

equal Schedule HC-L, item 1(c)(1).

Line Item 1(c)(1)(a) 1–4 family residential

construction loan commitments.

Report the unused portions of commitments to extend

credit for the specific purpose of constructing 1–4 family

residential properties, provided that such commitments,

when funded, would be reportable as loans secured by

real estate in Schedule HC-C, item 1(a)(1), ‘‘1–4 family

residential construction loans.”

Line Item 1(c)(1)(b) Commercial real estate, other

construction loan, and land development loan

commitments.

Report the unused portions of all other commitments to

fund commercial real estate, construction, and land development loans secured by real estate (as defined for

Schedule HC-L, item 1(c)(1)) other than commitments to

fund 1–4 family residential construction (as defined for

Schedule HC-L, item 1(c)(1)(a)).

Line Item 1(c)(2) Commitments to fund

commercial real estate, construction, and land

development loans NOT secured by real estate.

Report in this item the unused portions of all commitments to extend credit for the specific purpose of financing commercial and residential real estate activities, e.g.,

acquiring, developing and renovating commercial and

residential real estate provided that such commitments,

when funded, would be reportable as ‘‘Commercial and

industrial loans’’ in Schedule HC-C, item 4, or as ‘‘All

other loans’’ in Schedule HC-C, item 9(b)(2). Include in

this item loan proceeds that the holding company or its

consolidated subsidiaries are obligated to advance as

construction progresses.

Such commitments generally may include:

(1) commitments to extend credit for the express purpose

of financing real estate ventures as evidenced by

underlying commitment documentation or other circumstances connected with the commitment; or

(2) commitments made to organizations or individuals

80 percent of whose revenue or assets are derived

from or consist of real estate ventures or holdings.

Exclude any commitments that when funded would be

reported in Schedule HC-C, item 1. Also exclude commitments made to commercial and industrial firms where

the sole purpose for the financing is to construct a factory

or office building to house the company’s operations or

employees.

Line Item 1(d) Securities underwriting.

Note: Item 1(d) is to be reported by holding companies

with $5 billion or more in total assets.

Report the unsold portion of the reporting holding company’s own takedown in securities underwriting transactions. Include note issuance facilities (NIFs) and revolving underwriting facilities (RUFs) in this item.

Schedule HC-L

FR Y-9C HC-L-3

Schedule HC-L December 2019
Line Item 1(e) Other unused commitments.

Report in the appropriate subitem the unused portion of

all commercial and industrial loan commitments, commitments for loans to financial institutions, and all other

commitments not reportable in Schedule HC-L, items

1(a) through 1(d), above. Include commitments to extend

credit through overdraft facilities or commercial lines of

credit, retail check credit and related plans, and those

overdraft protection programs in which the holding company advises account holders of the available amount of

protection.

Line Item 1(e)(1) Commercial and industrial

loans.

Report the unused portions of commitments to extend

credit for commercial and industrial purposes, i.e., commitments that, when funded, would be reportable as

commercial and industrial loans in Schedule HC-C, item

4, ‘‘Commercial and industrial loans.’’ Exclude unused

credit card lines to commercial and industrial enterprises

(report in Schedule HC-L, item 1(b)(2), above).

Line Item 1(e)(2) Loans to financial institutions.

Report the unused portions of commitments to extend

credit to financial institutions, i.e., commitments that,

when funded, would be reportable either as loans to

depository institutions in Schedule HC-C, item 2, ‘‘Loans

to depository institutions and acceptances of other banks,’’

or as loans to nondepository financial institutions in

Schedule HC-C, item 9(a), ‘‘Loans to nondepository

financial institutions.’’

Line Item 1(e)(3) All other unused commitments.

Report the unused portions of commitments not reportable in Schedule HC-L, items 1(a) through 1(e)(2),

above.

Include commitments to extend credit secured by 1–4

family residential properties, except (a) revolving, openend lines of credit secured by 1-4 family residential

properties (e.g., home equity lines), which should be

reported in Schedule HC-L, item 1(a), above, (b) commitments for 1–4 family residential construction and land

development loans (that are secured by such properties),

which should be reported in Schedule HC-L, item 1(c)(1),

above, and (c) commitments that meet the definition of a

derivative and must be accounted for in accordance with

ASC Topic 815, Derivatives and Hedging (formerly

FASB Statement No. 133, Accounting for Derivative

Instruments and Hedging Activities, as amended), which

should be reported in Schedule HC-L, item 11.

Line Items 2 and 3 General Instructions for

Standby Letters of Credit.

Originating holding companies (or their subsidiaries)

must report in items 2 and 3 the full amount outstanding

and unused of financial and performance standby letters

of credit, respectively. Include those standby letters of

credit that are collateralized by cash on deposit, that have

been acquired by others, and in which participations have

been conveyed to others where (a) the originating and

issuing holding company is obligated to pay the full

amount of any draft drawn under the terms of the standby

letter of credit and (b) the participating institutions have

an obligation to partially or wholly reimburse the originating holding company, either directly in cash or through

a participation in a loan to the account party.

For syndicated standby letters of credit where each

holding company has a direct obligation to the beneficiary, each institution must report only its share in the

syndication. Similarly, if several organizations participate in the issuance of a standby letter of credit under a

bona fide binding agreement that provides that (a) regardless of any event, each participant shall be liable only up

to a certain percentage or to a certain amount and (b) the

beneficiary is advised and has agreed that each participating organization is only liable for a certain portion of the

entire amount, each holding company shall report only its

proportional share of the total standby letter of credit.

For a financial or performance standby letter of credit

that is in turn backed by a financial standby letter of

credit issued by another institution, each holding company must report the entire amount of the standby letter

of credit it has issued in either item 2 or 3 below, as

appropriate. The amount of the reporting holding company’s financial or performance standby letter of credit

that is backed by the other institution’s financial standby

letter of credit must be included in either item 2(a) or 3(a)

as appropriate, since the backing of standby letters of

credit has substantially the same effect as the conveying

of participations in standby letters of credit.

Also, include all financial and performance guarantees

issued by foreign offices of the reporting holding company pursuant to Section 211.4(a)(1) of Federal Reserve

Schedule HC-L

HC-L-4 FR Y-9C

Schedule HC-L March 2013
Regulation K or Section 347.3(c)(1) of the FDIC Rules

and Regulations.

Line Item 2 Financial standby letters of credit and

foreign office guarantees.

Report the amount outstanding and unused as of the

report date of all financial standby letters of credit (and

all legally binding commitments to issue financial standby

letters of credit) issued by any office of the holding

company or its consolidated subsidiaries. A financial

standby letter of credit irrevocably obligates the holding

company to pay a third-party beneficiary when a customer (account party) fails to repay an outstanding loan

or debt instrument. (See the Glossary entry for ‘‘letter of

credit’’ for further information).

Exclude from financial standby letters of credit the

following:

(1) Financial standby letters of credit where the beneficiary is a consolidated subsidiary of the holding

company.

(2) Financial standby letters of credit issued by another

depository institution (such as a correspondent bank),

a Federal Home Loan Bank, or any other entity on

behalf of the reporting holding company, which is the

account party on the letters of credit and therefore is

obligated to reimburse the issuing entity for all

payments made under the standby letters of credit

(report such standby letters of credit in Schedule HC-L, item 9).

(3) Performance standby letters of credit.

(4) Signature or endorsement guarantees of the type

associated with the clearing of negotiable instruments or securities in the normal course of business.

Line Item 2(a) Amount of financial standby letters

of credit conveyed to others.

Note: Item 2(a) is to be completed by holding companies

with $5 billion or more in total assets.2

Report that portion of the consolidated holding company’s total contingent liability for financial standby

letters of credit reported in item 2 that the holding

company has conveyed to others. Also, include that

portion of the reporting holding company’s financial

standby letters of credit that are backed by other organizations’ financial standby letters of credit, as well as the

portion that participating holding companies have reparticipated to others. Participations and backings may be

for any part or all of a given obligation.

Line Item 3 Performance standby letters of credit

and foreign office guarantees.

Report the amount outstanding and unused as of the

report date of all performance standby letters of credit

(and all legally binding commitments to issue performance standby letters of credit) issued by any office of

the holding company or its consolidated subsidiaries. A

performance standby letter of credit irrevocably obligates

the holding company to pay a third-party beneficiary

when a customer (account party) fails to perform some

contractual non-financial obligation. (See the Glossary

entry for ‘‘letter of credit’’ for further information).

Exclude from performance standby letters of credit the

following:

(1) Performance standby letters of credit where the beneficiary is a consolidated subsidiary of the holding

company.

(2) Financial standby letters of credit.

(3) Signature or endorsement guarantees of the type

associated with the clearing of negotiable instruments or securities in the normal course of business.

Line Item 3(a) Amount of performance standby

letters of credit conveyed to others.

Note: Item 3(a) is to be completed by holding companies

with $5 billion or more in total assets.

Report that portion of the consolidated holding company’s total contingent liability for performance standby

letters of credit reported in item 3 that the holding

company has conveyed to others. Also, include that

portion of the reporting holding company’s performance

standby letters of credit that are backed by other organizations’ financial standby letters of credit, as well as the

portion that participating holding companies have reparticipated to others. Participations and backings may be

for any part or all of a given obligation.

Line Item 4 Commercial and similar letters of

credit.

Report the amount outstanding and unused as of the

report date of issued or confirmed commercial letters

2. This asset size test is determined based on the total assets reported in

the previous year’s June 30 FR Y-9C report. Once a holding company

surpasses the $1 billion total asset threshold, it must continue to report this

item regardless of subsequent changes in its total assets.

Schedule HC-L

FR Y-9C HC-L-5

Schedule HC-L September 2020
of credit, travelers’ letters of credit not issued for money

or its equivalent, and all similar letters of credit, but

excluding standby letters of credit (which are to be

reported in item 2 and 3 above). (See the Glossary entry

for ‘‘letter of credit.’’) Legally binding commitments to

issue commercial letters of credit are to be reported in

this item.

Travelers’ letters of credit or other letters of credit issued

for money or its equivalent by the reporting holding

company or its agents should be reported as demand

deposit liabilities in Schedule HC-E.

Line Item 5 Not applicable.

Line Item 6 Securities.

6(a) Securities lent. Report the appropriate amount of

all securities lent against collateral or on an uncollateralized basis. Report the book value of holding companyowned securities that have been lent. In addition, for

customers who have been indemnified against any losses

by the reporting holding company or its consolidated

subsidiaries, report the market value as of the report date

of such customers’ securities, including customers’ securities held in the reporting holding company’s trust

department, that have been lent. If the reporting holding

company or its consolidated subsidiaries have indemnified their customers against any losses on their securities

that have been lent by the company or its subsidiaries, the

commitment to indemnify-either through a standby letter

of credit or other means-should not be reported in any

other item on Schedule HC-L.

6(b) Securities borrowed. Report the appropriate

amount of all securities borrowed against collateral, or on

an uncollateralized basis. Report borrowed securities that

are fully collateralized by similar securities of equivalent

value at market value at the time they were borrowed. For

other borrowed securities report their market value as of

the report date.

Line Item 7 Credit derivatives.

Note: Items 7(a)(1) through 7(d)(2)(b) are to be reported

by holding companies with $5 billion or more in total

assets.

In general, credit derivatives are arrangements that allow

one party (the “protection purchaser” or “beneficiary”) to

transfer the credit risk of a “reference asset” or “reference

entity” to another party (the “protection seller” or “guarantor”). Report the notional amounts of credit derivatives

by type of instrument in Schedule HC-L, items 7(a)(1)

through 7(a)(4). Report the gross positive and negative

fair values of all credit derivatives in Schedule HC-L,

items 7(b)(1) and 7(b)(2). For both the notional amounts

and gross fair values, report credit derivatives for which

the holding company is the protection seller in column A,

“Sold Protection,” and those on which the holding company is the protection purchaser in column B, “Purchased

Protection.” Report the notional amounts of credit derivatives by regulatory capital treatment in Schedule HC-L,

items 7(c)(1)(a) through 7(c)(2)(c). Report the notional

amounts of credit derivatives by remaining maturity in

Schedule HC-L, items 7(d)(1)(a) through 7(d)(2)(b).

All notional amounts to be reported in items 7.a.(1)

through 7.a.(4), 7.c.(1)(a) through 7.c.(2)(c), and 7.d.(1)

(a) through 7.d.(2)(b) should be based on the notional

amount definition in U.S. generally accepted accounting

principles.

Exclude notional amounts for credit derivatives that have

matured, but have associated unsettled receivables or

payables that are reported as assets or liabilities, respectively, on the balance sheet as of the quarter-end report

date.

All credit derivative transactions within the consolidated

holding company should be reported on a net basis, i.e.,

intrabank transactions should not be reported in this item.

No other netting of contracts is permitted for purposes of

this item. Therefore, do not net the notional amounts or

fair values of: (1) credit derivatives with third parties on

which the reporting holding company is the protection

purchaser against credit derivatives with third parties on

which the reporting holding company is the protection

seller, or (2) contracts subject to bilateral netting agreements. The notional amounts of credit derivatives should

not be included in Schedule HC-L, items 11 through 13,

and the fair values of credit derivatives should not be

included in Schedule HC-L, item 14.

Line Item 7(a) Notional amounts.

Report in the appropriate subitem and column the

notional amount (stated in U.S. dollars) of all credit

derivatives. For tranched credit derivative transactions

that relate to an index, e.g., the Dow Jones CDX NA

index, report as the notional amount the dollar amount of

the tranche upon which the reporting holding company’s

credit derivative cash flows are based.

Schedule HC-L

HC-L-6 FR Y-9C

Schedule HC-L March 2020
Line Item 7(a)(1) Credit default swaps.

Report in the appropriate column the notional amount of

all credit default swaps. A credit default swap is a

contract in which a protection seller or guarantor (risk

taker), for a fee, agrees to reimburse a protection purchaser or beneficiary (risk hedger) for any losses that

occur due to a credit event on a particular entity, called

the ‘‘reference entity.’’ If there is no credit default event

(as defined by the derivative contract), then the protection seller makes no payments to the protection purchaser

and receives only the contractually specified fee. Under

standard industry definitions, a credit event is normally

defined to include bankruptcy, failure to pay, and restructuring. Other potential credit events include obligation

acceleration, obligation default, and repudiation/

moratorium.

Line Item 7(a)(2) Total return swaps.

Report in the appropriate column the notional amount of

all total return swaps. A total return swap transfers the

total economic performance of a reference asset, which

includes all associated cash flows, as well as capital

appreciation or depreciation. The protection purchaser

(beneficiary) receives a floating rate of interest and any

depreciation on the reference asset from the protection

seller. The protection seller (guarantor) has the opposite

profile. The protection seller receives cash flows on the

reference asset, plus any appreciation, and it pays any

depreciation to the protection purchaser, plus a floating

interest rate. A total return swap may terminate upon a

default of the reference asset.

Line Item 7(a)(3) Credit options.

Report in the appropriate column the notional amount of

all credit options. A credit option is a structure that

allows investors to trade or hedge changes in the credit

quality of the reference asset. For example, in a credit

spread option, the option writer (protection seller or

guarantor) assumes the obligation to purchase or sell the

reference asset at a specified ‘‘strike’’ spread level. The

option purchaser (protection purchaser or beneficiary)

buys the right to sell the reference asset to, or purchase it

from, the option writer at the strike spread level.

Line Item 7(a)(4) Other credit derivatives.

Report in the appropriate column the notional amount of

all other credit derivatives. Other credit derivatives consist of any credit derivatives not reportable as a credit

default swap, a total return swap, or a credit option.

Credit linked notes are cash securities and should not be

reported as other credit derivatives.

Line Item 7(b) Gross fair values.

Report in the appropriate subitem and column the gross

fair values of all credit derivatives. As defined in ASC

Topic 820, Fair Value Measurements and Disclosures

(formerly FASB Statement No. 157, Fair Value Measurements), fair value for an asset or liability is the price that

would be received to sell the asset or paid to transfer the

liability in an orderly transaction between market participants (not a forced liquidation or distressed sale) in the

asset’s or liability’s principal (or most advantageous)

market at the measurement date. For further information,

see the Glossary entry for ‘‘fair value.’’ For purposes of

this item, the reporting holding company should determine the fair value of its credit derivative contracts in the

same manner that it determines the fair value of these

contracts for other financial reporting purposes.

Line Item 7(b)(1) Gross positive fair value.

Report in the appropriate column the total fair value of

those credit derivatives reported in Schedule HC-L, items

7(a)(1) through 7(a)(4), above, with positive fair values.

Line Item 7(b)(2) Gross negative fair value.

Report in the appropriate column the total fair value of

those credit derivatives reported in Schedule HC-L, items

7(a)(1) through 7(a)(4), above, with negative fair values.

Report the total fair value as an absolute value; do not

enclose the total fair value in parentheses or use a minus

(-) sign.

Line Item 7(c) Notional amount of all credit

derivatives by regulatory capital treatment.

Report in the appropriate subitem the notional amount of

all credit derivative contracts according to the reporting

holding company’s treatment of the derivative for regulatory capital purposes. Because each subitem under item

7(c) is mutually exclusive, each credit derivative contract

should be reported in only one subitem.

Savings and loan holding companies that are not subject

to the revised regulatory capital rule should leave this

item blank.

Schedule HC-L

FR Y-9C HC-L-7

Schedule HC-L March 2015
Line Item 7(c)(1) Positions covered under the

Market Risk Rule.

For holding companies subject to the Market Risk Rule,

report in the appropriate subitem the notional amount of

covered positions.

Line Item 7(c)(1)(a) Sold protection.

For those credit derivatives that are covered positions

under the Market Risk Rule, report the notional amount

of credit derivative contracts where the holding company

is the protection seller (guarantor).

Line Item 7(c)(1)(b) Purchased protection.

For those credit derivatives that are covered positions

under the Market Risk Rule, report the notional amount

of credit derivative contracts where the holding company

is the protection purchaser (beneficiary).

Line Item 7(c)(2) All other positions:

Line Item 7(c)(2)(a) Sold protection.

Report the notional amount of credit derivative contracts

that are not covered positions under the Market Risk Rule

where the reporting holding company is the protection

seller (guarantor).

Line Item 7(c)(2)(b) Purchased protection that is

recognized as a guarantee for regulatory capital

purposes.

Report the notional amount of credit derivative contracts

that are not covered positions under the Market Risk Rule

where the holding company is the protection purchaser

(beneficiary) and the protection is recognized as a guarantee for regulatory capital purposes. The credit derivative contracts to be reported in this item are limited to

those providing purchased protection where an underlying position (usually an asset of the holding company)

is being hedged by the protection and credit derivative

contract meets the criteria for recognition as a guarantee

under the Federal Reserve’s regulatory capital standards.

Line Item 7(c)(2)(c) Purchased protection that is

not recognized as a guarantee for regulatory capital

purposes.

Report the notional amount of credit derivative contracts

that are not covered positions under the Market Risk Rule

where the holding company is the protection purchaser

(beneficiary) and the protection is not recognized as a

guarantee for regulatory capital purposes. The credit

derivative contracts to be reported in this item are limited

to those providing purchased protection where the protection is not being used to hedge an underlying position or

where the ‘‘hedging’’ credit derivative contract does not

meet the criteria for recognition as a guarantee under the

Federal Reserve’s regulatory capital standards. These

‘‘naked’’ purchased protection positions sometimes arise

when a holding company has sold the asset that was

being hedged by the credit derivative contract while

retaining the credit derivative contract.

Line Item 7(d) Notional amounts by remaining

maturity.

Report in the appropriate subitem and column the

notional amount of all credit derivative contracts by

remaining maturity. Report notional amounts in the column corresponding to the contract’s remaining term to

maturity from the report date. Remaining maturities are

to be reported as (1) one year or less in column A, (2)

over one year through five years in column B, or (3) over

five years in column C.

Line Item 7(d)(1) Sold credit protection.

Report the notional amount of all credit derivative contracts where the holding company is the protection seller

(guarantor).

Line Item 7(d)(1)(a) Investment grade.

Report the remaining maturities of credit derivative

contracts where the underlying reference asset is rated

investment grade or, if not rated, is the equivalent of

investment grade under the holding company’s internal

credit rating system.

Line Item 7(d)(1)(b) Subinvestment grade.

Report the remaining maturities of credit derivative

contracts where the underlying reference asset is rated

below investment grade, i.e., subinvestment grade, or, if

not rated, is the equivalent of below investment grade

under the holding company’s internal credit rating system.

Line Item 7(d)(2) Purchased credit protection.

Report the notional amount of all credit derivative contracts where the holding company is the protection

purchaser (beneficiary).

Schedule HC-L

HC-L-8 FR Y-9C

Schedule HC-L March 2015
Line Item 7(d)(2)(a) Investment grade.

Report the remaining maturities of credit derivative

contracts where the underlying reference asset is rated

investment grade or, if not rated, is the equivalent of

investment grade under the holding company’s internal

credit rating system

Line Item 7(d)(2)(b) Subinvestment grade.

Report the remaining maturities of credit derivative

contracts where the underlying reference asset is rated

below investment grade, i.e., subinvestment grade, or, if

not rated, is the equivalent of below investment grade

under the holding company’s internal credit rating system.

Note: Line item 8 is to be reported by all holding

companies with foreign offices and by holding companies

with domestic offices only and $100 billion or more in

consolidated assets.

Line Item 8 Spot foreign exchange contracts.

Report the gross amount (stated in U.S. dollars) of all

spot contracts committing the reporting holding company

to purchase foreign (non-U.S.) currencies and U.S. dollar

exchange that are outstanding as of the report date. All

transactions within the holding company should be

reported on a consolidated basis.

A spot contract is an agreement for the immediate

delivery, usually within two business days or less (depending on market convention), of a foreign currency at the

prevailing cash market rate. Contracts where market

convention is for delivery of a foreign currency in less

than two days, e.g., T+1 day (for example, Canadian

dollar-U.S. dollar contracts), should be reported as spot

contracts. Any contract exceeding the market convention

should be reported as a foreign exchange forward contract in Schedule HC-L, item 11(b), column B. Spot

contracts are considered outstanding (i.e., open) until

they have been cancelled by acquisition or delivery of the

underlying currencies.

Only one side of a spot foreign exchange contract is to be

reported. In those transactions where foreign (non-U.S.)

currencies are bought or sold against U.S. dollars, report

only that side of the transaction that involves the foreign

(non-U.S.) currency. For example, if the reporting holding company enters into a spot contract which obligates

the holding company to purchase U.S. dollar exchange

against which it sells Japanese yen, then the holding

company would report (in U.S. dollar equivalent values)

the amount of Japanese yen sold in this item. In crosscurrency spot foreign exchange transactions, which

involve the purchase and sale of two non-U.S. currencies,

only the purchase side is to be reported (in U.S. dollar

equivalent values).

Line Item 9 All other off-balance-sheet items

(exclude derivatives).

With the exceptions listed below, report all significant

types of off-balance-sheet items not covered in other

items of this schedule. Exclude off-balance-sheet derivative contracts that are reported elsewhere in Schedule HC-L.

Report only the aggregate amount of those types of

‘‘other off-balance sheet items’’ that individually exceed

10 percent of the total equity capital reported in Schedule

HC, item 27(a). If the holding company has no types of

‘‘other off-balance sheet items’’ that individually exceed

10 percent of total equity capital, report a zero.

Disclose in items 9(a) through 9(f) each type of ‘‘other

off-balance sheet items’’ reportable in this item, and the

dollar amount of the off-balance sheet item, that individually exceeds 25 percent of the total equity capital reported

in Schedule HC, item 27(a). For each type of off-balance

sheet item that exceeds this disclosure threshold for

which a preprinted caption has not been provided,

describe the item with a clear but concise caption in

items 9(c) through 9(f). These descriptions should not

exceed 50 characters in length (including spacing between

words).

Include the following as other off-balance-sheet items:

(1) Contracts for the purchase and sale of when-issued

securities that are excluded from the requirements of

ASC Topic 815, Derivatives and Hedging (formerly

FASB Statement No. 133, Accounting for Derivative

Instruments and Hedging Activities, as amended)

(and therefore not reported as forward contracts in

Schedule HC-L, item 11(b), below), and accounted

for on a settlement-date basis. (Report the amount of

these commitments in Schedule HC-L, item 9(b) or

item 9(c), if this amount exceeds 25 percent of total

equity capital reported in Schedule HC, item 27(a).

(2) Standby letters of credit issued by another depository

institution (such as a correspondent bank), a Federal

Home Loan Bank, or any other entity on behalf of the

Schedule HC-L

FR Y-9C HC-L-9

Schedule HC-L June 2018
reporting bank holding company which is the account

party on the letters of credit and therefore is obligated

to reimburse the issuing entity for all payments made

under the standby letters of credit. (Report the

amount of these standby letters of credit in Schedule

HC-L, item 9(c), if this amount exceeds 25 percent of

the holding company’s total equity capital reported in

Schedule HC item 27(a).

(3) Financial guarantee insurance that insures the timely

payment of principal and interest on bond issues.

(4) Letters of indemnity other than those issued in

connection with the replacement of lost or stolen

official checks.

(5) Shipside or dockside guarantees or similar guarantees relating to missing bills of lading or title documents and other document guarantees that facilitate

the replacement of lost or destroyed documents and

negotiable instruments.

(6) For holding companies with domestic offices only

and less than $100 billion in consolidated assets, the

gross amount (stated in U.S. dollars) of all spot

foreign exchange contracts committing the reporting

holding company to purchase foreign (non-U.S.)

currencies and U.S. dollar exchange that are outstanding as of the report date. A spot contract is an

agreement for the immediate delivery, usually within

two business days or less (depending on market

convention), of a foreign currency at the prevailing

cash market rate. For information on the reporting of

spot foreign exchange contracts, refer to the instructions for Schedule HC-L, item 8, above.

Exclude the following from other off-balance-sheet items:

(1) All items that are required to be reported on the

balance sheet of the Consolidated Financial Statements for Holding Companies, such as repurchase

and resale agreements.

(2) Commitments to purchase property being acquired

for lease to others (report in item 1 above).

(3) Contingent liabilities arising in connection with litigation in which the reporting holding company is

involved.

(4) Signature or endorsement guarantees of the type

associated with the regular clearing of negotiable

instruments or securities in the normal course of

business.

Line Item 10 Not applicable.

Line Item 11 Gross amounts (e.g., notional

amounts) of derivatives contracts.

Report in the appropriate column and subitem the gross

par value (stated in U.S. dollars) (e.g., futures, forwards,

and option contracts) or the notional amount (stated in

U.S. dollars) (e.g., forward rate agreements and swaps),

as appropriate, of all contracts that meet the definition of

a derivative and must be accounted for in accordance

with ASC Topic 815, Derivatives and Hedging (formerly

FASB Statement No. 133, Accounting for Derivative

Instruments and Hedging Activities, as amended). Include

both freestanding derivative contracts and embedded

derivatives that must be accounted for separately from

their host contract under ASC Topic 815. Report each

contract according to its underlying risk exposure: interest rate, foreign exchange, equity, and commodity and

other. Contracts with multiple risk characteristics should

be classified based upon the predominant risk characteristics at the origination of the derivative. However,

exclude from Schedule HC-L, items 11 through 14, all

credit derivatives, which should be reported in Schedule

HC-L, item 7 above.

Also exclude notional amounts or par values for the

derivatives that have matured, but have associated

unsettled receivables or payables that are reported as

assets or liabilities respectively, on the balance sheet as of

the quarter as of the quarter-end report date. All notional

amounts or par values to be reported in Schedule HC-L,

items 12 through 15 should be based on the notional

amount definition in U.S. generally accepted accounting

principles.

The notional amount or par value to be reported for a

derivative contract with a multiplier component is the

contract’s effective notional amount or par value. For

example, a swap contract with a stated notional amount

of $1,000,000 whose terms called for quarterly settlement of the difference between 5% and LIBOR multiplied by 10 has an effective notional amount of

$10,000,000.

All transactions within the holding company should be

reported on a consolidated basis (i.e., intercompany

transactions should be eliminated). No other netting of

Schedule HC-L

HC-L-10 FR Y-9C

Schedule HC-L March 2020
contracts is permitted for purposes of this item. Therefore, do not net: (1) obligations of the reporting holding

company to purchase from third parties against the

holding company’s obligations to sell to third parties,

(2) written options against purchased options, or (3) contracts subject to bilateral netting agreements.

For each column, the sum of Schedule HC-L, items 11(a)

through 11(e) must equal the sum of Schedule HC-L,

items 12 and 13.

Column Instructions

Column A Interest Rate Contracts

Interest rate contracts are contracts related to an interestbearing financial instrument or whose cash flows are

determined by referencing interest rates or another interest rate contract (e.g., an option on a futures contract to

purchase a Treasury bill). These contracts are generally

used to adjust the holding company’s interest rate exposure or, if the holding company is an intermediary, the

interest rate exposure of others. Interest rate contracts

include single currency interest rate swaps, basis swaps,

forward rate agreements, and interest rate options, including caps, floors, collars, and corridors.

Exclude contracts involving the exchange of one or more

foreign currencies (e.g., cross-currency swaps and currency options), which are to be reported in column B as

foreign exchange contracts. In addition, exclude other

contracts not involving the exchange of foreign currency

whose predominant risk characteristic is foreign exchange

risk, which are also to be reported in column B as foreign

exchange contracts.

Unsettled securities transactions that exceed regular way

settlement time limit that is customary in each relevant

market must be reported as forward contracts in Schedule

HC-L, item 11(b).

Column B Foreign Exchange Contracts

Foreign exchange contracts are contracts to purchase

foreign (non-U.S.) currencies and U.S. dollar exchange in

the forward market, i.e., on an organized exchange or

in an over-the-counter market. A purchase of U.S. dollar

exchange is equivalent to a sale of foreign currency.

Foreign exchange contracts include cross-currency interest rate swaps where there is an exchange of principal,

forward foreign exchange contracts (usually settling three

or more business days from trade date), and currency

futures and currency options. Exclude spot foreign

exchange contracts which are to be reported in Schedule HC-L, item 8.

Only one side of a foreign currency transaction is to be

reported. In those transactions where foreign (non-U.S.)

currencies are bought or sold against U.S. dollars, report

only that side of the transaction that involves the foreign

(non-U.S.) currency. For example, if the reporting holding company enters into a futures contract which obligates the holding company to purchase U.S. dollar

exchange against which it sells Japanese yen, then the

holding company would report (in U.S. dollar equivalent

values) the amount of Japanese yen sold in Schedule

HC-L, item 11(a). In cross-currency transactions, which involve the purchase and sale of two

non-U.S. currencies, only the purchase side is to be

reported.

All amounts in column B are to be reported in U.S. dollar

equivalent values.

Column C Equity Derivative Contracts

Equity derivative contracts are contracts that have a

return, or a portion of their return, linked to the price of a

particular equity or to an index of equity prices, such as

the Standard and Poor’s 500.

The contract amount to be reported for equity derivative

contracts is the quantity, e.g., number of units, of the

equity instrument or equity index contracted for purchase

or sale multiplied by the contract price of a unit.

Column D Commodity and Other Contracts

Commodity contracts are contracts that have a return, or

a portion of their return, linked to the price of or to an

index of precious metals, petroleum, lumber, agricultural

products, etc. Commodity and other contracts also include

any other contracts that are not reportable as interest rate,

foreign exchange, or equity derivative contracts.

The contract amount to be reported for commodity and

other contracts is the quantity, e.g., number of units, of

the commodity or product contracted for purchase or sale

multiplied by the contract price of a unit.

The notional amount to be reported for commodity

contracts with multiple exchanges of principal is the

contractual amount multiplied by the number of remaining payments (i.e., exchanges of principal) in the contract.

Schedule HC-L

FR Y-9C HC-L-11

Schedule HC-L June 2018
Line Item Instructions

Items 11(a) through 15(b)(8)) are to be completed by

HCs with $5 billion or more in total assets.

Line Item 11(a) Futures contracts.

Futures contracts represent agreements for delayed delivery of financial instruments or commodities in which the

buyer agrees to purchase and the seller agrees to deliver,

at a specified future date, a specified instrument at a

specified price or yield. Futures contracts are standardized and are traded on organized exchanges that act as the

counterparty to each contract.

Report, in the appropriate column, the aggregate par

value of futures contracts that have been entered into by

the reporting holding company and are outstanding (i.e.,

open contracts) as of the report date. Do not report the par

value of financial instruments intended to be delivered

under such contracts if this par value differs from the par

value of the contracts themselves.

Contracts are outstanding (i.e., open) until they have

been cancelled by acquisition or delivery of the underlying financial instruments or by offset. Offset is the

liquidating of a purchase of futures through the sale of an

equal number of contracts of the same delivery month

on the same underlying instrument, or the covering of a

short sale of futures through the purchase of an equal

number of contracts of the same delivery month on the

same underlying instrument on the same exchange.

Column A, Interest Rate Futures. Report futures

contracts committing the reporting holding company to

purchase or sell financial instruments and whose predominant risk characteristic is interest rate risk. Some of

the more common interest rate futures include futures on

90-day U.S. Treasury bills; 12-year GNMA pass-through

securities; and 2-, 4-, 6-, and 10-year U.S. Treasury notes.

Column B, Foreign Exchange Futures. Report the

gross amount (stated in U.S. dollars) of all futures

contracts committing the reporting holding company to

purchase foreign (non-U.S.) currencies and U.S. dollar

exchange and whose predominant risk characteristic is

foreign exchange risk.

A currency futures contract is a standardized agreement

for delayed delivery of a foreign (non-U.S.) currency or

U.S. dollar exchange in which the buyer agrees to

purchase and the seller agrees to deliver, at a specified

future date, a specified amount at a specified exchange

rate.

Column C, Equity Derivative Futures. Report futures

contracts committing the reporting holding company to

purchase or sell equity securities or instruments based on

equity indexes such as the Standard and Poor’s 500, or

the Nikkei.

Column D, Commodity and Other Futures. Report

the contract amount for all futures contracts committing

the reporting holding company to purchase or sell commodities such as agricultural products (e.g., wheat, coffee), precious metals (e.g., gold, platinum), and nonferrous metals (e.g., copper, zinc). Include any other futures

contract that is not reportable as an interest rate, foreign

exchange, or equity derivative contract in column A, B,

or C.

Line Item 11(b) Forward contracts.

Forward contracts represent agreements for delayed

delivery of financial instruments or commodities in which

the buyer agrees to purchase and the seller agrees to

deliver, at a specified future date, a specified instrument

or commodity at a specified price or yield. Forward

contracts are not traded on organized exchanges and their

contractual terms are not standardized.

Report the notional value of forward contracts that

have been entered into by the reporting holding company

and are outstanding (i.e., open contracts) as of the report

date. Do not report financial instruments intended to be

delivered under such contracts if this notional value

differs from the notional value of the contracts themselves.

Contracts are outstanding (i.e., open) until they have

been cancelled by acquisition or delivery of the underlying financial instruments or settled in cash. Such contracts can only be terminated, other than by receipt of the

underlying asset, by agreement of both buyer and seller.

Include as forward contracts in this item contracts for the

purchase and sale of when-issued securities that are not

excluded from the requirements of ASC Topic 815,

Derivatives and Hedging (formerly FASB Statement

No. 133, Accounting for Derivative Instruments and

Hedging Activities, as amended). Report contracts for the

purchase and sale of when-issued securities that are

excluded from the requirements of ASC Topic 815, as

amended, and accounted for on a settlement-date basis as

Schedule HC-L

HC-L-12 FR Y-9C

Schedule HC-L March 2015
‘‘Other off-balance-sheet items’’ in Schedule HC-L, item

9, subject to the existing reporting threshold for this item.

Column A, Interest Rate Forwards. Report forward

contracts committing the reporting holding company to

purchase or sell financial instruments and whose predominant risk characteristic is interest rate risk. Include

in this item firm commitments (i.e., commitments that

have a specific interest rate, selling date, and dollar

amount) to sell loans secured by 1-to-4 family residential

properties that meet the definition of a derivative contract

under ASC Topic 815.

Column B, Foreign Exchange Forwards. Report the

gross amount (stated in U.S. dollars) of all forward

contracts committing the reporting holding company to

purchase foreign (non-U.S.) currencies and U.S. dollar

exchange and whose predominant risk characteristic is

foreign exchange risk.

A forward foreign exchange contract is an agreement for

delayed delivery of a foreign (non-U.S.) currency or U.S.

dollar exchange in which the buyer agrees to purchase

and the seller agrees to deliver, at a specified future date,

a specified amount at a specified exchange rate.

Column C, Equity Derivative Forwards. Report forward contracts committing the reporting holding company to purchase or sell equity instruments.

Column D, Commodity and Other Forwards. Report

the contract amount for all forward contracts committing

the reporting holding company to purchase or sell commodities such as agricultural products (e.g., wheat, coffee), precious metals (e.g., gold, platinum), and nonferrous metals (e.g., copper, zinc). Include any other forward

contract that is not reportable as an interest rate, foreign

exchange, or equity derivative contract in column A, B,

or C.

Line Item 11(c) Exchange-traded option contracts.

Option contracts convey either the right or the obligation,

depending upon whether the reporting holding company

is the purchaser or the writer, respectively, to buy or sell a

financial instrument or commodity at a specified price by

a specified future date. Some options are traded on

organized exchanges.

The buyer of an option contract has, for compensation

(such as a fee or premium), acquired the right (or option)

to sell to, or purchase from, another party some financial

instrument or commodity at a stated price on a specified

future date. The seller of the contract has, for such

compensation, become obligated to purchase or sell the

financial instrument or commodity at the option of the

buyer of the contract. A put option contract obligates

the seller of the contract to purchase some financial

instrument or commodity at the option of the buyer of the

contract. A call option contract obligates the seller of the

contract to sell some financial instrument or commodity

at the option of the buyer of the contract.

Line Item 11(c)(1) Written options.

Report in this item the aggregate par value of the

financial instruments or commodities that the reporting

holding company has, for compensation (such as a fee or

premium), obligated itself to either purchase or sell under

exchange-traded option contracts that are outstanding as

of the report date.

Column A, Written Exchange-Traded Interest Rate

Options. For exchange-traded option contracts obligating the reporting holding company to either purchase or

sell an interest rate futures contract and whose predominant risk characteristic is interest rate risk, report the par

value of the financial instrument underlying the futures

contract. An example of such a contract is a Chicago

Board Options Exchange option on the 13-week Treasury

bill rate.

Column B, Written Exchange-Traded Foreign

Exchange Options. Report in this item the gross

amount (stated in U.S. dollars) of foreign (non-U.S.)

currency and U.S. dollar exchange that the reporting

holding company has, for compensation, obligated itself

to either purchase or sell under exchange-traded option

contracts whose predominant risk characteristic is foreign exchange risk. In the case of option contracts

obligating the reporting holding company to either purchase or sell a foreign exchange futures contract, report

the gross amount (stated in U.S. dollars) of the foreign

(non-U.S.) currency underlying the futures contract.

Exchange-traded options on major currencies such as the

Japanese Yen and British Pound Sterling and options on

futures contracts of major currencies are examples of

such contracts.

Column C, Written Exchange-Traded Equity Derivative Options. Report the contract amount for those

exchange-traded option contracts where the reporting

holding company has obligated itself, for compensation,

to purchase or sell an equity instrument or equity index.

Schedule HC-L

FR Y-9C HC-L-13

Schedule HC-L March 2015
Column D, Written Commodity and Other ExchangeTraded Options. Report the contract amount for those

exchange-traded option contracts where the reporting

holding company has obligated itself, for compensation,

to purchase or sell a commodity or product. Include any

other written, exchange-traded option that is not reportable as an interest rate, foreign exchange, or equity

derivative contract in columns A, B, or C.

Line Item 11(c)(2) Purchased options.

Report in this item the aggregate par value of the

financial instruments or commodities that the reporting

holding company has, for a fee or premium, purchased

the right to either purchase or sell under exchange-traded

option contracts that are outstanding as of the report date.

Column A, Purchased Exchange-Traded Interest Rate

Options. For exchange-traded option contracts giving

the reporting holding company the right to either purchase or sell an interest rate futures contract and whose

predominant risk characteristic is interest rate risk, report

the par value of the financial instrument underlying the

futures contract. An example of such a contract is a

Chicago Board Options Exchange option on the 13-week

Treasury bill rate.

Column B, Purchased Exchange-Traded Foreign

Exchange Options. Report in this item the gross

amount (stated in U.S. dollars) of foreign (non-U.S.)

currency and U.S. dollar exchange that the reporting

holding company has, for a fee, purchased the right to

either purchase or sell under exchange-traded option

contracts whose predominant risk characteristic is foreign exchange risk. In the case of option contracts giving

the reporting holding company the right to either purchase or sell a currency futures contract, report the gross

amount (stated in U.S. dollars) of the foreign (non-U.S.)

currency underlying the futures contract. Exchangetraded options on major currencies such as the Japanese

Yen and British Pound Sterling and options on futures

contracts of major currencies are examples of such

contracts.

Column C, Purchased Exchange-Traded Equity

Derivative Options. Report the contract amount of

those exchange-traded option contracts where the reporting holding company has, for a fee, purchased the right to

purchase or sell an equity instrument or equity index.

Column D, Purchased Commodity and Other

Exchange-Traded Options. Report the contract amount

for those exchange-traded option contracts where the

reporting holding company has, for a fee, or premium,

purchased the right to purchase or sell a commodity or

product. Include any other purchased, exchange-traded

option that is not reportable as an interest rate, foreign

exchange, or equity derivative contract in column A, B,

or C.

Line Item 11(d) Over-the-counter option contracts.

Option contracts convey either the right or the obligation,

depending upon whether the reporting holding company

is the purchaser or the writer, respectively, to buy or sell a

financial instrument or commodity at a specified price by

a specified future date. Options can be written to meet the

specialized needs of the counterparties to the transaction.

These customized option contracts are known as overthe-counter (OTC) options. Thus, over-the-counter option

contracts include all option contracts not traded on an

organized exchange.

The buyer of an option contract has, for compensation

(such as a fee or premium), acquired the right (or option)

to sell to, or purchase from, another party some financial

instrument or commodity at a stated price on a specified

future date. The seller of the contract has, for such

compensation, become obligated to purchase or sell the

financial instrument or commodity at the option of the

buyer of the contract. A put option contract obligates the

seller of the contract to purchase some financial instrument or commodity at the option of the buyer of the

contract. A call option contract obligates the seller of the

contract to sell some financial instrument or commodity

at the option of the buyer of the contract.

In addition, swaptions, i.e., options to enter into a swapcontract, and contracts known as caps, floors, collars, and

corridors3 should be reported as options.

Commitments to lend that meet the definition of a

derivative and must be accounted for in accordance with

ASC Topic 815, Derivatives and Hedging (formerly

3. A cap is a contract under which the purchaser has, for compensation

(such as a fee or premium), acquired the right to receive a payment from

the seller if a specified index rate, e.g., LIBOR, rises above a designated

strike rate. Payments are based on the principal amount or notional amount

of the cap, although no exchange of principal takes place. A floor is similar

to a cap except that the purchaser has, for compensation (such as a fee or

premium), acquired the right to receive a payment from the seller if the

specified index rate falls below the strike rate. A collar is the simultaneous

purchase of a cap (with a strike rate at one index rate) and sale of a floor

(with a strike rate at a lower index rate), designed to maintain interest rates.

Schedule HC-L

HC-L-14 FR Y-9C

Schedule HC-L March 2015
FASB Statement No. 133, Accounting for Derivative

Instruments and Hedging Activities, as amended) are

considered options for purposes of Schedule HC-L, item

11. All other commitments to lend should be reported in

Schedule HC-L, item 1.

Line Item 11(d)(1) Written options.

Report in this item the aggregate par value of the

financial instruments or commodities that the reporting

holding company has, for compensation (such as a fee

or premium), obligated itself to either purchase or sell

under OTC option contracts that are outstanding as of the

report date. Also report the aggregate notional amount of

written caps, floors, and swaptions and for the written

portion of collars and corridors.

Column A, Written OTC Interest Rate Options.

Interest rate options include options to purchase and sell

interest-bearing financial instruments and whose predominant risk characteristic is interest rate risk as well as

contracts known as caps, floors, collars, corridors, and

swaptions. Include in this item the notional amount for

interest rate caps and floors that the reporting holding

company sells. For interest rate collars and corridors,

report a notional amount for the written portion of the

contract in Schedule HC-L, item 11(d)(1), column A, and

for the purchased portion of the contract in Schedule HC-L, item 11(d)(2), column A.

Column B, Written OTC Foreign Exchange Options.

A written currency option contract conveys the obligation to exchange two different currencies at a specified

exchange rate. Report in this item the gross amount

(stated in U.S. dollars) of foreign (non-U.S.) currency and

U.S. dollar exchange that the reporting holding company

has, for compensation, obligated itself to either purchase

or sell under OTC option contracts whose predominant

risk characteristic is foreign exchange risk.

Column C, Written OTC Equity Derivative Options.

Report the contract amount for those OTC option contracts where the reporting holding company has obligated

itself, for compensation, to purchase or sell an equity

instrument or equity index.

Column D, Written Commodity and Other OTC

Options. Report the contract amount for those OTC

option contracts where the reporting holding company

has obligated itself, for compensation, to purchase or sell

a commodity or product. Include any other written, OTC

option that is not reportable as an interest rate, foreign

exchange, or equity derivative contract in column A, B,

or C.

Line Item 11(d)(2) Purchased options.

Report in this item the aggregate par value of the

financial instruments or commodities that the reporting

holding company has, for a fee or premium, purchased

the right to either purchase or sell under OTC option

contracts that are outstanding as of the report date. Also

report the aggregate notional amount for purchased caps,

floors, and swaptions and for the purchased portion of

collars and corridors.

Column A, Purchased OTC Interest Rate Options.

Interest rate options include options to purchase and sell

interest-bearing financial instruments and whose predominant risk characteristic is interest rate risk as well as

contracts known as caps, floors, collars, corridors, and

swaptions. Include in this item the notional amount for

interest rate caps and floors that the reporting holding

company purchases. For interest rate collars and corridors, report a notional amount for the written portion of

the contract in Schedule HC-L, item 11(d)(1), column A,

and for the purchased portion of the contract in Schedule

HC-L, item 11(d)(2), column A.

Column B, Purchased OTC Foreign Exchange

Options. Report in this item the gross amount (stated

in U.S. dollars) of foreign (non-U.S.) currency and U.S.

dollar exchange that the reporting holding company has,

for a fee or premium, purchased the right to either

purchase or sell under option contracts whose predominant risk characteristic is foreign exchange risk.

Column C, Purchased OTC Equity Derivative

Options. Report the notional amount of those OTC

option contracts where the reporting holding company

has, for a fee or premium, purchased the right to purchase

or sell an equity instrument or equity index.

Column D, Purchased Commodity and Other OTC

Options. Report the contract amount for those option

contracts where the reporting holding company has, for a

fee or premium, purchased the right to purchase or sell a

commodity or product. Include any other purchased

OTC option that is not reportable as an interest rate,

foreign exchange or equity derivative contract in column A, B, or C.

Schedule HC-L

FR Y-9C HC-L-15

Schedule HC-L March 2015
Line Item 11(e) Swaps.

Swaps are contracts in which two parties agree to

exchange payment streams based on a specified notional

amount for a specified period. Forward starting swap

contracts should be reported as swaps. The notional

amount of a swap is the underlying principal amount

upon which the exchange of interest, foreign exchange or

other income or expense is based. The notional amount

reported for a swap contract with a multiplier component

is the contract’s effective notional amount. In those cases

where the reporting holding company is acting as an

intermediary, both sides of the transaction are to be

reported.

Column A, Interest Rate Swaps. Report the notional

amount of all outstanding interest rate and basis swaps

whose predominant risk characteristic is interest rate risk.

Column B, Foreign Exchange Swaps. Report the

notional principal amount (stated in U.S. dollars) of all

outstanding cross-currency interest rate swaps.

A cross-currency interest rate swap is a contract in which

two parties agree to exchange principal amounts of

different currencies, usually at the prevailing spot rate, at

the inception of an agreement which lasts for a certain

number of years. At defined intervals over the life of the

swap, the counterparties exchange payments in the different currencies based on specified rates of interest. When

the agreement matures, the principal amounts will be

re-exchanged at the same spot rate. The notional amount

of a cross-currency interest rate swap is generally the

underlying principal amount upon which the exchange is

based.

Column C, Equity Swaps. Report the notional amount

of all outstanding equity or equity index swaps.

Column D, Commodity and Other Swaps. Report the

notional principal amount of all other swap contracts that

are not reportable as either interest rate, foreign exchange,

or equity derivative contracts in column A, B, or C. The

notional amount to be reported for commodity contracts

with multiple exchanges of principal is the contractual

amount multiplied by the number of remaining payments

(or exchanges of principal) in the contract.

Line Item 12 Total gross notional amount of

derivative contracts held for trading.

Report in the appropriate column, the total notional

amount or par value of those off-balance- sheet derivative

contracts in Schedule HC-L, item 11 above that are held

for trading purposes. Contracts held for trading purposes

include those used in dealing and other trading activities

accounted for at fair value with gains and losses recognized in earnings. Derivative instruments used to hedge

trading activities should also be reported in this item.

Derivative trading activities include (a) regularly dealing

in interest rate contracts, foreign exchange contracts,

equity derivative contracts, and other contracts meeting

the definition of a “derivative instrument” in, and

accounted for in accordance with, ASC Topic 815,

Derivatives and Hedging, (b) acquiring or taking positions in such items principally for the purpose of selling

in the near term or otherwise with the intent to resell (or

repurchase) in order to profit from short-term price

movements, or (c) acquiring or taking positions in such

items as an accommodation to customers, provided that

acquiring or taking such positions meets the definitions

of “trading” and “trading purposes” in ASC Topic 815.

The notional amount of those derivative positions acquired

or taken as accommodations to customers not meeting

the definitions of “trading” and “trading purposes” in

ASC Topic 815 should be reported in Schedule HC-L,

item 13, “Total gross notional amount of derivative

contracts held for purposes other than trading.′′

The trading department of a holding company or its

subsidiaries may have entered into a derivative contract

with another department or business unit within the

consolidated holding company (and which has been

reported on a consolidated basis in accordance with the

instructions to Schedule HC-L, item 11 above). If the

trading department has also entered into a matching

contract with a counterparty outside the consolidated

holding company, the contract with the outside counterparty should be designated as held for trading or as held

for purposes other than trading consistent with the contract’s designation for other financial reporting purposes.

Line Item 13 Total gross notional amount of

derivative contracts held for purposes other than

trading.

Report in the appropriate column, the total notional

amount or par value of those contracts in Schedule HC-L,

item 11 above that are held for purposes other than

trading, including those contracts acquired or taken as

accommodations to customers not reported in Schedule HC-L, item 12, above.

Schedule HC-L

HC-L-16 FR Y-9C

Schedule HC-L September 2020
Line Item 14 Gross fair values of derivative

contracts.

Report in the appropriate column and subitem below the

fair (or market) value of all derivative contracts reported

in Schedule HC-L, items 12 and 13 above. For each of

the four types of underlying risk exposure in columns A

through D, the gross positive and gross negative fair

values will be reported separately below for contracts

held for trading (item 14(a)), and contracts held for

purposes other than trading (item 14(b)). Guidance for

reporting by type of underlying risk exposure is provided

in Schedule HC-L, item 11 above. Guidance for reporting

by purpose and accounting methodology is provided

in the instructions for Schedule HC-L, items 12 and 13

above.

All transactions within the holding company should be

reported on a consolidated basis. For purposes of this

item, do not net (1) obligations of the reporting holding

company to buy against the holding company’s obligations to sell, (2) written options against purchased

options, (3) positive fair values against negative fair

values, or (4) contracts subject to bilateral netting agreements.

According to ASC Topic 820, Fair Value Measurements

and Disclosures fair value is defined as the price that

would be received to sell an asset or paid to transfer a

liability in an orderly transaction between market participants in the asset’s or liability’s principal (or most

advantageous) market at the measurement date. For

purposes of item 14, the reporting holding company

should determine the fair value of its derivative contracts

in the same manner that it determines the fair value of

these contracts for other financial reporting purposes,

consistent with the guidance in ASC Topic 820.

Line Item 14(a) Contracts held for trading.

Report in the appropriate column and subitem the gross

positive and gross negative fair values of those contracts

held for trading reported in Schedule HC-L, item 12

above.

Line Item 14(a)(1) Gross positive fair value.

Report in the appropriate column the total fair value of

those contracts in Schedule HC-L, item 12 above with

positive fair values.

Line Item 14(a)(2) Gross negative fair value.

Report in the appropriate column the total fair value of

those contracts in Schedule HC-L, item 12 above with

negative fair values. Report the total fair value as an

absolute value, do not enclose the total fair value in

parentheses or use a minus (2) sign.

Line Item 14(b) Contracts held for purposes other

than trading.

Report in the appropriate column and subitem the gross

positive and gross negative fair values of those contractsheld for purposes other than trading that are reported in

Schedule HC-L, item 13 above.

Line Item 14(b)(1) Gross positive fair value.

Report in the appropriate column the total fair value of

those contracts in Schedule HC-L, item 13 above with

positive fair values.

Line Item 14(b)(2) Gross negative fair value.

Report in the appropriate column the total fair value of

those contracts in Schedule HC-L, item 13 above with

negative fair values. Report the total fair value as an

absolute value, do not enclose the total fair value in

parentheses or use a minus (2) sign.

Line Item 15 Over-the-counter derivatives.

Items 15.a and 15.b.(1) through (8) are to be completed

only by holding companies with total assets of $10

billion or more. Include all over-the-counter (OTC) interest rate, foreign exchange, commodity, equity, and credit

derivative contracts that are held for trading and held for

purposes other than trading.

Column Instructions for items 15(a) and 15(b)(1)

through (8):

Column A, Banks and Securities Firms: Banks include

U.S. banks and foreign banks as defined in the Glossary

entry for ‘‘Banks, U.S. and Foreign.’’ Securities firms

include broker-dealers that are registered with the U.S.

Securities and Exchange Commission (SEC), firms

engaged in securities activities in the European Union

(EU) that are subject to the EU’s Capital Adequacy

Directive, and other firms engaged in securities activities.

Column B, Not applicable.

Column C, Hedge Funds: Hedge funds are generally

privately-owned investment funds with a limited range of

Schedule HC-L

FR Y-9C HC-L-17

Schedule HC-L June 2020
investors. Hedge funds are not required to register with

the SEC, which provides them with an exemption in

many jurisdictions from regulations governing short selling, derivative contracts, leverage, fee structures, and the

liquidity of investments in the fund.

Column D, Sovereign Governments: Sovereign governments are the central governments of foreign countries.

Column E, Corporations and All Other Counterparties:

Corporations and all other counterparties include all

counterparties other than those included in columns A, C

and D above.

Line Item 15(a) Net current credit exposure.

Report in the appropriate column the sum of the net

current credit exposures on OTC derivative contracts by

type of counterparty. The sum of the net current credit

exposures reported in columns A through E for this item

may not equal the amount reported in Schedule HC-R,

Part II Memorandum item 1, ‘‘Current credit exposure

across all derivative contracts covered by the risk-based

capital standards,’’ because the amount reported in

Schedule HC-R, Memorandum item 1, excludes, for

example, OTC derivatives not covered by the risk-based

capital standards. All transactions within the consolidated holding company should be reported on a net basis.

The current credit exposure (sometimes referred to as the

replacement cost) is the fair value of a derivative contract

when that fair value is positive. The current credit

exposure is zero when the fair value is negative or zero.

For purposes of this item, the net current credit exposure

to an individual counterparty should be derived as follows: Determine whether a legally enforceable bilateral

netting agreement is in place between the reporting

holding company and the counterparty. If such an agreement is in place, the fair values of all applicable derivative contracts with that counterparty that are included in

the scope of the netting agreement are netted to a single

amount, which may be positive, negative, or zero.

Line Item 15(b) Fair value of collateral.

Report in the appropriate subitem and column the total

fair value of the collateral pledged by counterparties to

secure OTC derivative transactions by type of counterparty, even if the fair value of the collateral as of the

report date exceeds the net current credit exposure to a

counterparty or the current credit exposure to a counterparty is zero. Include the fair value of collateral in the

reporting holding company’s possession and collateral

held on the holding company’s behalf by third party

custodians.

Line Item 15(b)(1) Cash – U.S. dollar.

Report in the appropriate counterparty column the total

of all cash denominated in U.S. dollars held on deposit in

the holding company or by third party custodians on

behalf of the holding company that provide protection to

the holding company against counterparty risk on OTC

derivatives.

Line Item 15(b)(2) Cash – Other currencies.

Report in the appropriate counterparty column in U.S.

dollar equivalents the total of all cash denominated in

non-U.S. currency held on deposit in the holding company or by third party custodians on behalf of the holding

company that provide protection to the holding company

against counterparty risk on OTC derivatives.

Line Item 15(b)(3) U.S. Treasury securities.

Report in the appropriate counterparty column the fair

value of U.S. Treasury securities held directly by the

holding company or by third-party custodians on behalf

of the holding company that provide protection to the

holding company against counterparty risk on OTC

derivatives.

Line Item 15(b)(4) U.S. Government agency and

U.S. Government-sponsored agency debt securities.

Report in the appropriate counterparty column the fair

value of U.S. Government agency and U.S. Governmentsponsored agency debt securities held directly by the

holding company or by third party custodians on behalf

of the holding company that provide protection to the

holding company against counterparty risk on OTC

derivatives.

Line Item 15(b)(5) Corporate bonds.

Report in the appropriate counterparty column the fair

value of corporate bonds held directly by the holding

company or by third party custodians on behalf of the

holding company that provide protection to the holding

company against counterparty risk on OTC derivatives.

Line Item 15(b)(6) Equity securities.

Report in the appropriate counterparty column the fair

value of equity securities held directly by the holding

Schedule HC-L

HC-L-18 FR Y-9C

Schedule HC-L June 2018
company or by third-party custodians on behalf of the

holding company that provide protection to the holding

company against counterparty risk on OTC derivatives.

Line Item 15(b)(7) All other collateral.

Report in the appropriate counterparty column the fair

value of collateral that cannot properly be reported in

Schedule HC-L, item 15(b)(1) through item 15(b)(7),

held directly by the holding company or by third-party

custodians on behalf of the holding company that provide

protection to the holding company against counterparty

risk on OTC derivatives.

Line Item 15(b)(8) Total fair value of collateral.

For each column, report the sum of items 15(b)(1)

through 15(b)(7).

Schedule HC-L

FR Y-9C HC-L-19

Schedule HC-L March 2015
LINE ITEM INSTRUCTIONS FOR

Memoranda

Schedule HC-M

Line Item 1 Total number of holding company

common shares outstanding.

Report in this item the total number of common stock

outstanding by the consolidated holding company as of

the report date. Do not round this number. Total

outstanding shares equals total shares issued less treasury

stock.

Line Item 2 Debt maturing in one year or less that

is issued to unrelated third parties by bank

subsidiaries.

Report in this item all debt maturing in one year or less

included in Schedule HC, items 16 and 19(a) that is

issued to unrelated third parties by any direct or indirect

bank subsidiary of the reporting holding company.

Include in this item the amount of such debt that is

redeemable at the option of the holder within one year,

even when the debt is scheduled to mature in more than

one year.

‘‘Unrelated third parties’’ covers all individuals and those

partnerships and corporations that are not majorityowned or controlled, directly or indirectly, by the respondent holding company or any of its subsidiaries.

Include Federal Home Loan Bank Advances in this line

item.

Line Item 3 Debt maturing in more than one year

that is issued to unrelated third parties by bank

subsidiaries.

Report in this item all debt maturing in more than one

year included in Schedule HC, items 16 and 19(a) that is

issued to unrelated third parties by any direct or indirect

bank subsidiary of the reporting holding company.

Exclude from this item the amount of such debt that is

redeemable at the option of the holder within one year,

even when the debt is scheduled to mature in more than

one year.

‘‘Unrelated third parties’’ covers all individuals and those

partnerships and corporations that are not majorityowned or controlled, directly or indirectly, by the respondent holding company or any of its subsidiaries.

Include Federal Home Loan Bank Advances in this line

item.

Line Item 4 Other assets acquired in satisfaction

of debts previously contracted.

Report in this item all assets (other than other real estate

owned) that have been acquired in satisfaction of debts

previously contracted (DPC). Include assets, such as

securities, loans, and equipment, that have been acquired

in satisfaction of DPC.

Line Item 5 Securities purchased under

agreements to resell offset against securities sold

under agreements to repurchase on Schedule HC.

Report in this item the amount of securities purchased

under agreements to resell that have been offset (where

the ‘‘right of setoff’’ exists) by securities sold under

agreements to repurchase (i.e., assets removed from

Schedule HC). For further information, see the Glossary

entry for ‘‘offsetting’’ and ASC Subtopic 210-20, Balance Sheet – Offsetting (formerly FASB Interpretation

No. 41, Offsetting of Amounts Related to Certain Repurchase and Reverse Repurchase Agreements).

Line Item 6 Assets covered by loss-sharing

agreements with the FDIC.

Under a loss-sharing agreement, the FDIC agrees to

absorb a portion of the losses on a specified pool of a

failed insured depository institution’s assets in order to

maximize asset recoveries and minimize the FDIC’s

losses. In general, for transactions that occurred before

April 2010, the FDIC reimburses 80 percent of losses

incurred by an acquiring institution on covered assets

over a specified period of time up to a stated threshold

FR Y-9C HC-M-1

Schedule HC-M June 2018
amount, with the acquirer absorbing 20 percent of the

losses on these assets. Any losses above the stated

threshold amount are reimbursed by the FDIC at 95

percent of the losses recognized by the acquirer. For more

recent transactions, the FDIC generally reimburses 80

percent of the losses incurred by the acquirer on covered

assets, with the acquiring institution absorbing 20 percent.

Report in the appropriate subitem the balance sheet

carrying amount as of the report date of all assets

acquired from failed insured depository institutions or

otherwise purchased from the FDIC that are covered by

loss-sharing agreements with the FDIC. These asset

amounts should also be included in the balance sheet

category appropriate to the asset on Schedule HC, Balance Sheet.

Do not report the ‘‘book value’’ of the covered assets on

the failed institution’s books, which is the amount upon

which payments from the FDIC to the reporting holding

company are to be based in accordance with the losssharing agreement.

Items 6(a)(1) through 6(d) are to be completed by HCs

with $5 billion or more in total assets.

Line Item 6(a) Loans and leases.

Report in the appropriate subitem the carrying amount of

loans and leases held for sale and the recorded investment in loans held for investment included in Schedule

HC-C, items 1 through 10 acquired from failed insured

depository institutions or otherwise purchased from the

FDIC that are covered by loss-sharing agreements with

the FDIC.

Line Item 6(a)(1) Loans secured by real estate (in

domestic offices):

Line Item 6(a)(1)(a) Construction, land

development, and other land loans:

Line Item 6(a)(1)(a)(1) 1-4 family residential

construction loans.

Report the amount of 1-4 family residential construction

loans included in Schedule HC-C, item 1(a)(1), column

B, acquired from failed insured depository institutions or

otherwise purchased from the FDIC that are covered by

loss-sharing agreements with the FDIC.

Line Item 6(a)(1)(a)(2) Other construction loans

and all land development and other land loans.

Report the amount of other construction loans and all

land development and other land loans included in

Schedule HC-C, item 1(a)(2), column B, acquired from

failed insured depository institutions or otherwise purchased from the FDIC that are covered by loss-sharing

agreements with the FDIC.

Line Item 6(a)(1)(b) Secured by farmland.

Report the amount of loans secured by farmland included

in Schedule HC-C, item 1(b), column B, acquired from

failed insured depository institutions or otherwise purchased from the FDIC that are covered by loss-sharing

agreements with the FDIC.

Line Item 6(a)(1)(c) Secured by 1-4 family

residential properties:

Line Item 6(a)(1)(c)(1) Revolving, open-end loans

secured by 1-4 family residential properties and

extended under lines of credit.

Report the amount of revolving, open-end loans secured

by 1-4 family residential properties and extended under

lines of credit loans included in Schedule HC-C, item

1(c)(1), column B, acquired from failed insured depository institutions or otherwise purchased from the FDIC

that are covered by loss-sharing agreements with the

FDIC.

Line Item 6(a)(1)(c)(2) Closed-end loans secured

by 1-4 family residential properties:

Line Item 6(a)(1)(c)(2)(a)) Secured by first liens.

Report the amount of closed-end loans secured by first

liens on 1-4 family residential properties included in

Schedule HC-C, item 1(c)(2)(a), column B, acquired

from failed insured depository institutions or otherwise

purchased from the FDIC that are covered by losssharing agreements with the FDIC.

Line Item 6(a)(1)(c)(2)(b) Secured by junior liens.

Report the amount of closed-end loans secured by junior

liens on 1-4 family residential properties included in

Schedule HC-C, item 1(c)(2)(b), column B, acquired

from failed insured depository institutions or otherwise

purchased from the FDIC that are covered by losssharing agreements with the FDIC.

Schedule HC-M

HC-M-2 FR Y-9C

Schedule HC-M December 2019
Line Item 6(a)(1)(d) Secured by multifamily (5 or

more) residential properties.

Report the amount of loans secured by multifamily (5 or

more) residential properties included in Schedule HC-C,

item 1(d), column B, acquired from failed insured depository institutions or otherwise purchased from the FDIC

that are covered by loss-sharing agreements with the

FDIC.

Line Item 6(a)(1)(e) Secured by nonfarm

nonresidential properties:

Line Item 6(a)(1)(e)(1) Loans secured by

owner-occupied nonfarm nonresidential properties.

Report the amount of loans secured by owner-occupied

nonfarm nonresidential properties included in Schedule

HC-C, item 1(e)(1), column B, acquired from failed

insured depository institutions or otherwise purchased

from the FDIC that are covered by loss-sharing agreements with the FDIC.

Line Item 6(a)(1)(e)(2) Loans secured by other

nonfarm nonresidential properties.

Report the amount of loans secured by other nonfarm

nonresidential properties included in Schedule HC-C,

item 1(e)(2), column B, acquired from failed insured

depository institutions or otherwise purchased from the

FDIC that are covered by loss-sharing agreements with

the FDIC.

Line Item 6(a)(2) through 6(a)(4) Not applicable.

Line Item 6(a)(5) All other loans and all leases.

Report the amount of loans that cannot properly be

reported in Schedule HC-C, Memorandum item 6(a)(1)

through 6(a)(1)(e)(2) above acquired from failed insured

depository institutions or otherwise purchased from the

FDIC that are covered by loss-sharing agreements with

the FDIC. Include in this item covered loans in the

following categories:

(1) Loans to depository institutions and acceptances of

other banks included in Schedule HC-C, items 2(a)(1)

through 2(c)(2), column A;

(2) Loans to finance agricultural production and other

loans to farmers included in Schedule HC-C, item 3

column A;

(3) Commercial and industrial loans included in HC-C,

items 4(a) and 4(b), column A;

(4) Loans to individuals for household, family, and other

personal expenditures included in Schedule HC-C,

item 6(a) through 6(d) column A;

(5) Loans to foreign governments and official institutions included in Schedule HC-C, item 7, column A;

(6) Obligations (other than securities and leases) of

states and political subdivisions in the U.S. included

in Schedule HC-C, item 8, column A;

(7) Loans to nondepository financial institutions and

other loans included in Schedule HC-C, item 9,

column A; and

(8) Loans secured by real estate in foreign offices

included in Schedule HC-C, item 1, column A.

Also include all lease financing receivables included in

Schedule HC-C, items 10(a) and 10(b), column A,

acquired from failed insured depository institutions or

otherwise purchased from the FDIC that are covered by

loss-sharing agreements with the FDIC.

Line Item 6(b) Other real estate owned.

Report in the appropriate subitem the carrying amount of

other real estate owned (included in Schedule HC, item 7)

acquired from failed insured depository institutions or

otherwise purchased from the FDIC that are covered by

loss-sharing agreements with the FDIC.

Line Item 6(b)(1) Construction, land development,

and other land (in domestic offices).

Report the carrying amount of all other real estate owned

included in Schedule HC, item 7, representing construction, land development, and other land (in domestic

offices), acquired from failed insured depository institutions or otherwise purchased from the FDIC that are

covered by loss-sharing agreements with the FDIC.

Line Item 6(b)(2) Farmland (in domestic offices).

Report the carrying amount of all other real estate owned

included in Schedule HC, item 7, representing farmland

(in domestic offices), acquired from failed insured depository institutions or otherwise purchased from the FDIC

that are covered by loss-sharing agreements with the

FDIC.

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Schedule HC-M March 2018
Line Item 6(b)(3) 1-4 family residential properties

(in domestic offices).

Report the carrying amount of all other real estate owned

included in Schedule HC, item 7, representing 1-4 family

residential properties (in domestic offices), acquired from

failed insured depository institutions or otherwise purchased from the FDIC that are covered by loss-sharing

agreements with the FDIC.

Line Item 6(b)(4) Multifamily (5 or more)

residential properties (in domestic offices).

Report the carrying amount of all other real estate owned

included in Schedule HC, item 7, representing multifamily (5 or more) residential properties (in domestic offices),

acquired from failed insured depository institutions or

otherwise purchased from the FDIC that are covered by

loss-sharing agreements with the FDIC.

Line Item 6(b)(5) Nonfarm nonresidential

properties (in domestic offices).

Report the carrying amount of all other real estate owned

included in Schedule HC, item 7, representing nonfarm

nonresidential properties (in domestic offices), acquired

from failed insured depository institutions or otherwise

purchased from the FDIC that are covered by losssharing agreements with the FDIC.

Line Item 6(b)(6) In foreign offices.

Report the carrying amount of all other real estate owned

included in Schedule HC, item, representing amounts in

foreign offices, acquired from failed insured depository

institutions or otherwise purchased from the FDIC that

are covered by loss-sharing agreements with the FDIC.

Line Item 6(b)(7) Portion of covered other real

estate owned included in items 6(b)(1) through (6)

above that is protected by FDIC loss-sharing

agreements.

Report the maximum amount recoverable from the FDIC

under loss-sharing agreements covering the other real

estate owned reported in Schedule HC-M, items 6(b)(1)

through (6), beyond the amount that has already been

reflected in the measurement of the reporting holding

company’s indemnification asset, which represents the

right to receive payments from the FDIC under the

loss-sharing agreement.

In general, the maximum amount recoverable from the

FDIC on covered other real estate owned is the carrying

amount of the other real estate, as reported in the

preceding Schedule HC-M items, multiplied by the currently applicable loss coverage rate (e.g., 80 percent or 95

percent). This product will normally be the maximum

amount recoverable because reimbursements from the

FDIC for covered losses related to the amount by which

the ‘‘book value’’ of a covered asset on the failed

institution’s books (which is the amount upon which

payments under an FDIC loss-sharing agreement are

based) exceeds the amount at which the reporting bank

reports the covered asset on Schedule HC, Balance Sheet,

should already have been taken into account in measuring the carrying amount of the reporting bank’s losssharing indemnification asset, which is reported in Schedule HC-F, item 6, ‘‘Other’’ assets.

Line Item 6(c) Debt securities.

Report the amortized cost of held-to-maturity debt securities (included in Schedule HC, items 2(a)) and the fair

value of available-for-sale debt securities (included in

Schedule HC, item 2(b)) acquired from failed insured

depository institutions or otherwise purchased from the

FDIC and covered by loss-sharing agreements with the

FDIC.

Line Item 6(d) Other assets.

Report the balance sheet carrying amount of all assets

that cannot properly be reported in Schedule HC-M,

items 6(a) through 6(c), and have been acquired from

failed insured depository institutions or otherwise purchased from the FDIC and are covered by loss-sharing

agreements with the FDIC.

Exclude FDIC loss-sharing indemnification assets. These

indemnification assets represent the carrying amount of

the right to receive payments from the FDIC for losses

incurred on specified assets acquired from failed insured

depository institutions or otherwise purchased from the

FDIC that are covered by loss-sharing agreements with

the FDIC. Report FDIC loss-sharing indemnification

assets in Schedule HC-F, item 6, ‘‘Other’’ assets.

Schedule HC-M 7(a) and 7(b) are to be completed

annually in the December report only.

Schedule HC-M

HC-M-4 FR Y-9C

Schedule HC-M June 2018
Line Item 7 Captive insurance and reinsurance

subsidiaries:

Line Item 7(a) Total assets of captive insurance

subsidiaries.

Report the carrying amount of all assets held by consolidated captive insurance subsidiaries of the reporting

holding company. A captive insurance company is a

limited purpose insurer licensed as a direct writer of

insurance. Some common lines of business include credit

life, accident, and health insurance; disability insurance;

and employee benefits coverage. Report total assets

before eliminating intercompany transactions between

the consolidated insurance subsidiary and other offices or

subsidiaries of the consolidated bank company.

Line Item 7(b) Total assets of captive reinsurance

subsidiaries.

Report the carrying amount of all assets held by consolidated captive reinsurance subsidiaries of the reporting

holding company. Reinsurance is the transfer, with

indemnification, of all or part of the underwriting risk

from one insurer to another for a portion of the premium

or other consideration. For further information, see the

Glossary entry for ‘‘reinsurance.’’

Some common lines of business include credit life,

accident, and health reinsurance; disability reinsurance;

reinsurance of employee benefits coverage; private mortgage guaranty reinsurance; and terrorism risk reinsurance. Report total assets before eliminating intercompany

transactions between the consolidated reinsurance subsidiary and other offices or subsidiaries of the consolidated

holding company.

Line Item 8 Has the holding company entered into

a business combination during the calendar year

that was accounted for by the purchase method of

accounting?

Enter a ‘‘1’’ for yes if the respondent holding company

consummated the acquisition of another company during

the calendar year that was accounted for by the purchase

method of accounting. Enter ‘‘0’’ for no if the respondent

holding company consummated no business combinations during the calendar year.

Line Item 9 Has the holding company restated its

financial statements during the last quarter as a

result of new or revised Statements of Financial

Accounting Standards?

Enter a ‘‘1’’ for yes if the respondent holding company

has restated its financial statements during the quarter

ending with the report date because a new or revised

Statement of Financial Accounting Standards (SFAS)

was implemented. Enter a ‘‘0’’ if no financial statements

were revised as a result of the implementation of a new or

revised SFAS.

If the response to this question is ‘‘yes,’’ restated financial

statements that reflect those changes in accounting standards should be submitted to the appropriate Federal

Reserve District Bank as soon as possible.

Line Item 10 Not applicable.

Line Item 11 Have all changes in investments and

activities been reported to the Federal Reserve on

the Report of Changes in Organizational Structure

(FR Y-10).

Enter a ‘‘1’’ for yes if the holding company has submitted

all changes, if any, in its investments and activities on the

FR Y-10. If the holding company had no changes in

investments and activities and therefore was not required

to file a FR Y-10, also enter a ‘‘1’’ in this item. Enter a

‘‘0’’ for no if it has not yet submitted all changes to

investments and activities on the FR Y-10. (If the

answer to this question is no, the holding company

must complete the FR Y-10 report.) The name of the

holding company official responsible for verifying that

the FR Y-10 has been completed should be typed or

printed on the line provided whether the answer is ‘‘yes,’’

or ‘‘no.’’ In addition, enter the area code and phone

number of the official responsible for verifying the

FR Y-10.

Line Item 12 Intangible assets.

Report in the appropriate subitem the carrying amount of

intangible assets. Intangible assets primarily result from

business combinations accounted for under the acquisition method in accordance with ASC Topic 805, Business Combinations (formerly FASB Statement No.

141(R), Business Combinations), from acquisitions of

portions or segments of another institution’s business

such as mortgage servicing portfolios, and credit card

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Schedule HC-M June 2018
portfolios, and from the sale or securitization of financial

assets with servicing retained.

An identifiable intangible asset with a finite life (other

than a servicing asset) should be amortized over its

estimated useful life and should be reviewed at least

quarterly to determine whether events or changes in

circumstances indicate that its carrying amount may not

be recoverable. If this review indicates that the carrying

amount may not be recoverable, the identifiable intangible asset should be tested for recoverability (impairment) in accordance with ASC Topic 360, Property,

Plant, and Equipment (formerly FASB Statement No. 144,

Accounting for the Impairment or Disposal of LongLived Assets). An impairment loss shall be recognized if

the carrying amount of the identifiable intangible asset is

not recoverable and this amount exceeds the asset’s fair

value. The carrying amount is not recoverable if it

exceeds the sum of the undiscounted expected future

cash flows from the identifiable intangible asset. An

impairment loss is recognized by writing the identifiable

intangible asset down to its fair value (which becomes

the new accounting basis of the intangible asset), with a

corresponding charge to expense (which should be

reported in Schedule HI, item 7(c)(2)). Subsequent

reversal of a previously recognized impairment loss is

prohibited.

An identifiable intangible asset with an indefinite useful

life should not be amortized, but should be tested for

impairment at least annually in accordance with ASC

Topic 360, Property, Plant, and Equipment (formerly

FASB Statement No. 142, Goodwill and Other Intangible

Assets).

Line Item 12(a) Mortgage servicing assets.

Report the carrying amount of mortgage servicing assets,

i.e., the cost of acquiring contracts to service loans

secured by real estate (as defined for Schedule HC-C,

item 1, and in the Glossary entry for ‘‘Loans secured by

real estate’’) that have been securitized or are owned by

another party, net of any related valuation allowances.

Servicing assets resulting from contracts to service financial assets other than loans secured by real estate should

be reported in line item 12(b). For further information,

see the Glossary entry for ‘‘servicing assets and

liabilities.’’

Line Item 12(a)(1) Estimated fair value of

mortgage servicing assets.

Report the estimated fair value of the capitalized mortgage servicing assets reported in Schedule HC-M,

item 12(a) above.

According to ASC Topic 820, Fair Value Measurements

and Disclosures (formerly FASB Statement No. 157,

Fair Value Measurements), fair value is defined as the

price that would be received to sell an asset in an orderly

transaction between market participants in the asset’s

principal (or most advantageous) market at the measurement date. For purposes of this item, the reporting

holding company should determine the fair value of

mortgage servicing assets in the same manner that determines the fair value of these assets for other financial

reporting purposes, consistent with the guidance in ASC

Topic 820.

Line Item 12(b) Goodwill.

Report the carrying amount of goodwill as adjusted for

any impairment losses and, if the private company goodwill accounting alternative has been elected, the amortization of goodwill. Except when this accounting alternative has been elected, goodwill should not be amortized.

However, regardless of whether goodwill is amortized, it

must be tested for impairment as described in the Glossary entry for “goodwill.” See “acquisition method” in

the Glossary entry for “business combinations” for guidance on the recognition and initial measurement of

goodwill acquired in a business combination.

Line Item 12(c) All identifiable intangible assets.

Report the carrying amount of all other specifically

identifiable intangible assets such as core deposit intangibles, favorable leashold rights, purchased credit card

relationships, and nonmortgage servicing assets.

Purchased credit card relationships represent the right to

conduct ongoing credit card business dealings with the

cardholders. In general, purchased credit card relationships are an amount paid in excess of the value of the

purchased credit card receivables. Such relationships

arise when the reporting bank purchases existing credit

card receivables and also has the right to provide credit

card services to those customers. Purchased credit card

relationships may also be acquired when the reporting

bank purchases an entire depository institution.

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Schedule HC-M June 2018
Purchased credit card relationships shall be carried at

amortized cost. Management of the institution shall

review the carrying amount at least quarterly, adequately

document this review, and adjust the carrying amount as

necessary. This review should determine whether unanticipated acceleration or deceleration of cardholder payments, account attrition, changes in fees or finance

charges, or other events or changes in circumstances

indicate that the carrying amount of the purchased credit

card relationships may not be recoverable. If this review

indicates that the carrying amount may not be recoverable, the intangible asset should be tested for recoverability, and any impairment loss should be recognized, as

described in the instruction for Schedule HC-M, item 2.

Nonmortgage servicing assets are contracts to service

financial assets, other than loans secured by real estate (as

defined for Schedule HC-C, item 1) under which the

estimated future revenues from contractually specified

servicing fees, late charges, and other ancillary revenues

are expected to more than adequately compensate the

servicer for performing the servicing. A nonmortgage

servicing contract is either (a) undertaken in conjunction

with selling or securitizing the nonmortgage financial

assets being serviced or (b) purchased or assumed separately. For nonmortgage servicing assets accounted for

under the amortization method, the carrying amount is

the unamortized cost of acquiring the nonmortgage servicing contracts, net of any related valuation allowances.

For nonmortgage servicing assets accounted for under

the fair value method, the carrying amount is the fair

value of the nonmortgage servicing contracts. For further

information, see the Glossary entry for “servicing assets

and liabilities.”

Line Item 12(d) Total.

Report the sum of items 12(a), 12(b) and 12(c). This

amount must equal Schedule HC, item 10, “Intangible

assets.”

Line Item 13 Other real estate owned.

Report the net book value of all real estate other than (1)

holding company premises owned or controlled by the

holding company and its consolidated subsidiaries (which

should be reported in Schedule HC, item 6) and (2) direct

and indirect investments in real estate ventures (which

should be reported in Schedule HC, item 9). Also exclude

real estate property collateralizing a fully or partially

government-guaranteed mortgage loan for which the

holding company has received physical possession and

the conditions specified in ASC Subtopic 310-40,

Receivables—Troubled Debt Restructurings by Creditors (formerly FASB Statement No. 15, ′′Accounting by

Debtors and Creditors for Troubled Debt Restructurings′′), were met upon foreclosure. In such a situation,

rather than recognizing other real estate owned upon

foreclosure, the holding company must recognize a separate “other receivable,” which should be measured based

on the amount of the loan balance (principal and interest)

expected to be recovered from the guarantor. Report such

a receivable in Schedule HC-F, item 6, “All other assets.”

For further information, see the Glossary entry for “Foreclosed assets.” Do not deduct mortgages or other liens on

such property (report mortgages or other liens in Schedule HC, item 16, ‘‘Other borrowed money’’). Amounts

should be reported net of any applicable valuation allowances.

Include as all other real estate owned:

(1) Foreclosed real estate, i.e.,

(a) Real estate acquired in any manner for debts previously contracted (including, but not limited to, real estate

acquired through foreclosure and real estate acquired by

deed in lieu of foreclosure), even if the holding company

has not yet received title to the property.

(b) Real estate collateral underlying a loan when the

holding company has obtained physical possession of

the collateral. (For further information see Glossary

entries for ‘‘foreclosed assets’’ and ‘‘troubled debtrestructurings.’’)

Foreclosed real estate received in full or partial satisfaction of a loan should be recorded at the fair value less

cost to sell of the property at the time of foreclosure. This

amount becomes the ‘‘cost’’ of the foreclosed real estate.

When foreclosed real estate is received in full satisfaction

of a loan, the amount, if any, by which the recorded

amount of the loan exceeds the fair value less cost to sell

of the property is a loss which must be charged to the

allowance for loan and lease losses at the time of

foreclosure. The amount of any senior debt (principal and

accrued interest) to which foreclosed real estate is subject

at the time of foreclosure must be reported as a liability in

Schedule HC, item 16, “Other borrowed money.”

After foreclosure, each foreclosed real estate asset must

be carried at the lower of (1) the fair value of the asset

minus the estimated costs to sell the asset or (2) the cost

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Schedule HC-M June 2018
of the asset (as defined in the preceding paragraph). This

determination must be made on an asset-by-asset basis. If

the fair value of a foreclosed real estate asset minus the

estimated costs to sell the asset is less than the asset’s

cost, the deficiency must be recognized as a valuation

allowance against the asset which is created through a

charge to expense. The valuation allowance should thereafter be increased or decreased (but not below zero)

through charges or credits to expense for changes in the

asset’s fair value or estimated selling costs. (For further

information, see the Glossary entries for ‘‘foreclosed

assets’’ and ‘‘troubled debt restructurings.’’)

(2) Foreclosed real estate collateralizing mortgage loans

insured or guaranteed by the Federal Housing Administration (FHA), the Department of Agriculture under

the Rural Development (RD) program (formerly the

Farmers Home Administration (FmHA)), or the

Department of Veterans Affairs (VA) or guaranteed

by the Secretary of Housing and Urban Development

and administered by the Office of Public and Indian

Housing (PIH) that back Government National Mortgage Association (GNMA) securities, i.e., ′′GNMA

loans,′′ if the mortgage loans did not meet the

conditions specified in ASC Subtopic 310-40 requiring recognition of a separate “other receivable.”

(3) Property originally acquired for future expansion but

no longer intended to be used for that purpose.

(4) Foreclosed real estate sold under contract and

accounted for under the deposit method of accounting in accordance with ASC Subtopic 360-20, Property, Plant, and Equipment – Real Estate Sales (formerly FASB Statement No. 66, Accounting for Sales

of Real Estate). Under this method, the seller does

not record notes receivable, but continues to report

the real estate and any related existing debt on its

balance sheet. The deposit method is used when a

sale has not been consummated and is commonly

used when recovery of the carrying value of the

property is not reasonably assured. If the full accrual,

installment, cost recovery, reduced profit, or

percentage-of-completion method of accounting

under ASC Subtopic 360-20 is being used to account

for the sale, the receivable resulting from the sale of

the foreclosed real estate should be reported as a loan

in Schedule HC-C and any gain on the sale should

be recognized in accordance with ASC Subtopic

360-20. For further information, see the Glossary

entry for ‘‘foreclosed assets.’’

Property formerly but no longer used for banking may be

reported either in this item as ‘‘All other real estate

owned’’ or in Schedule HC, item 6, as ‘‘Premises and

fixed assets.’’

Line Item 14 Other borrowed money.

Report in the appropriate subitem the amount borrowed

by the consolidated holding company.

Line Item 14(a) Commercial paper.

Report the total amount outstanding of commercial paper

issued by the reporting holding company or its subsidiaries.

(See the Glossary entry for ‘‘commercial paper’’ for a

description of commercial paper.)

Line Item 14(b) Other borrowed money with a

remaining maturity of one year or less.

Report the total amount of money borrowed by the

consolidated holding company with a remaining maturity

of one year or less. For purposes of this item, remaining

maturity is the amount of time remaining from the report

date until final contractual maturity of a borrowing

without regard to the borrowing’s repayment schedule, if

any.

Report the total amount of money borrowed with a

remaining maturity of one year or less:

(1) on its promissory notes;

(2) on notes and bills rediscounted (including commodity drafts rediscounted);

(3) on financial assets (other than securities) sold under

repurchase agreements that have an original maturity of more than one business day and sales of

participations in pools of loans that have an original

maturity of more than one business day;

(4) by transferring financial assets in exchange for cash

or other consideration (other than beneficial interests in the transferred assets) in transactions that do

not satisfy the criteria for sale treatment under

ASC Topic 860, Transfers and Servicing (formerly

FASB Statement No. 140, Accounting for Transfers

and Servicing of Financial Assets and Extinguishments of Liabilities, as amended) (see the Glossary

entry for ‘‘transfers of financial assets’’ for further

information);

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Schedule HC-M March 2020
(5) by the creation of due bills representing the holding

company’s receipt of payment and similar instruments, whether collateralized or uncollateralized

(see the Glossary entry for ‘‘due bills’’);

(6) from Federal Reserve Banks;

(7) by overdrawing ‘‘due from’’ balances with depository institutions, except overdrafts arising in connection with checks or drafts drawn by subsidiary

depository institutions of the reporting holding

company and drawn on, or payable at or through,

another depository institution either on a zerobalance account or on an account that is not routinely maintained with sufficient balances to cover

checks or drafts drawn in the normal course of

business during the period until the amount of the

checks or drafts is remitted to the other depository

institution (in which case, report the funds received

or held in connection with such checks or drafts

as deposits in Schedule HC-E until the funds are

remitted;

(8) on purchases of ‘‘term federal funds’’ (as defined in

the Glossary entry for ‘‘federal funds transactions’’);

(9) for holding companies that have not adopted FASB

Accounting Standards Update No. 2016-02 (ASU

2016-02) on accounting for leases, through obligations under capitalized leases, and for holding

companies that have adopted ASU 2016-02, through

lease liabilities for finance leases;

(10) through mortgages, liens, or other encumbrances on

bank premises and other real estate owned;

(11) by borrowing immediately available funds in foreign offices that have an original maturity of one

business day or roll over under a continuing contrast that are not securities repurchase agreements;

(12) on Federal Home Loan Bank advances; and

(13) on any other obligation for the purpose of borrowing money that has a remaining maturity of one

year or less and that is not reported elsewhere.

(For a discussion of borrowings in foreign offices, see the

Glossary entry for ‘‘borrowings and deposits in foreign

offices.’’)

Exclude from this item the following:

(1) Federal funds purchased (in domestic offices) and

securities sold under agreements to repurchase (report

in Schedule HC, items 14(a) and 14(b), respectively);

(2) Liabilities resulting from the sales of assets that the

reporting holding company or its consolidated subsidiaries does not own (see Glossary entry for ‘‘short

position’’) (report in Schedule HC, item 15);

(3) Subordinated notes and debentures (report in Schedule HC, item 19(a)); and

(4) for holding companies that have adopted FASB

Accounting Standards Update No. 2016-02 on

accounting for leases, lease liabilities for operating

leases (report in Schedule HC-G, item 4, “Other”).

Line Item 14(c) Other borrowed money with a

remaining maturity of more than one year.

For purposes of this item, remaining maturity is the

amount of time remaining from the report date until final

contractual maturity of a borrowing without regard to the

borrowing’s repayment schedule, if any.

Report the total amount of money borrowed by the

consolidated holding company with a remaining maturity

of more than one year:

(1) on its promissory notes;

(2) in the form of perpetual debt securities that are

unsecured and not subordinated;

(3) on notes and bills rediscounted (including commodity drafts rediscounted);

(4) on loans sold under repurchase agreements that

mature in more than one business day;

(5) for holding companies that have not adopted FASB

Accounting Standards Update No. 2016-02 (ASU

2016-02) on accounting for leases, through obligations under capitalized leases, and for holding companies that have adopted ASU 2016-02, through

lease liabilities for finance leases;

(6) through mortgages, liens, or other encumbrances on

bank premises and other real estate owned;

(7) on Federal Home Loan Bank advances; and

(8) on any other obligation with a remaining maturity of

more than one year for the purpose of borrowing

money that is not reported elsewhere.

NOTE: When the reporting holding company has explicitly or implicitly guaranteed the long-term debt of its

Employee Stock Ownership Plan (ESOP), report in this

Schedule HC-M

FR Y-9C HC-M-9

Schedule HC-M March 2020
item the dollar amount outstanding of the long-term debt

guaranteed.

For a discussion of borrowings in foreign offices, see the

Glossary entry for ‘‘borrowings and deposits in foreign

offices.’’

Exclude from this item the following:

(1) federal funds purchased (in domestic offices) and

securities sold under agreements to repurchase (report

in Schedule HC, items 14(a) and 14(b), respectively);

(2) liabilities resulting from the sales of assets that the

reporting holding company or its consolidated subsidiaries do not own (see Glossary entry for ‘‘short

position’’) (report in Schedule HC, item 15);

(3) subordinated notes and debentures (report in Schedule HC, item 19(a)); and

(4) for holding companies that have adopted FASB

Accounting Standards Update No. 2016-02 on

accounting for leases, lease liabilities for operating

leases (report in Schedule HC-G, item 4, “Other”).

Line Item 14(d) Total.

Report the sum of items 14(a), 14(b) and 14(c). This

amount must equal Schedule HC, item 16, ‘‘Other borrowed money.’’

Line Item 15 Does the holding company sell

private label or third party mutual funds and

annuities?

Indicate whether the reporting holding company currently sells private label or third party mutual funds and

annuities.

Place “1” for yes if the holding company, a holding

company subsidiary or other affiliate, or an unaffiliated

entity sells private label or third party mutual funds and

annuities:

(1) on premises of the holding company;

(2) from which the holding company receives income at

the time of the sale or over the duration of the

account (e.g., annual fees, Rule 12b-1 fees or ‘‘trailer

fees,’’ and redemption fees); or

(3) through the reporting holding company’s trust department in transactions that are not executed in a

fiduciary capacity (e.g., trustee, executor, administrator, conservator).

Otherwise, enter “0” for no.

Mutual fund is the common name for an open-end

investment company whose shares are sold to the investing public. An annuity is an investment product, typically

underwritten by an insurance company, that pays either a

fixed or variable payment stream over a specified period

of time. Both proprietary and private label mutual funds

and annuities are established in order to be marketed

primarily to a banking organization’s customers. A proprietary product is a product for which the reporting

holding company or a subsidiary or other affiliate of the

reporting holding company acts as investment adviser

and may perform additional support services. In a private

label product, an unaffiliated entity acts as the investment

adviser. The identity of the investment adviser is normally disclosed in the prospectus for a mutual fund or

annuity. Mutual funds and annuities that are not proprietary or private label products are considered third party

products. For example, third party mutual funds and

annuities include products that are widely marketed by

numerous parties to the investing public and have investment advisers that are not affiliated with the reporting

holding company.

Line Item 16 Assets under management in

proprietary mutual funds and annuities.

Report the amount of assets (stated in U.S. dollars) held

by mutual funds and annuities as of the report date for

which the reporting holding company or a subsidiary of

the holding company acts as investment adviser.

A general description of a proprietary product is included

in the instruction to Schedule HC-M, item 15, above.

Proprietary mutual funds and annuities are typically

created by large banking organizations and offered to

customers of the banking organization’s subsidiary banks.

Therefore, small, independent banks do not normally act

as investment advisers for mutual funds and annuities.

If neither the holding company nor any subsidiary of the

holding company acts as investment adviser for a mutual

fund or annuity, the holding company should report a

zero in this item.

Schedule HC-M

HC-M-10 FR Y-9C

Schedule HC-M March 2020
Information related to the filing of the

FR Y-12 report (Line Items 17, 18, 19(a),

19(b))

Line items 17 and 18 will be used to determine if the

reporting holding company must complete the Consolidated Holding Company Report of Equity Investments in

Nonfinancial Companies (FR Y-12). In a multi-tiered

organization with one or more holding companies, only

the top-tier holding company should complete items 17

and 18 on a consolidated basis. However, if a lower-tier

holding company is functioning as the consolidated

top-tier reporter for other financial reports (for example,

when the top-tier is a non-U.S. holding company, ESOP,

or limited partnership), this lower-tier holding company

should complete items 17 and 18 on a consolidated basis.

Items 19(a) and 19(b) are to be completed by all

holding companies that are not required to file the FR

Y-12.

Line Item 17 Does the holding company hold,

either directly or indirectly through a subsidiary or

affiliate, any nonfinancial equity investments within

a Small Business Investment Company (SBIC)

structure, or under section 4(c)(6) or 4(c)(7) of the

Bank Holding Company Act, or pursuant to the

merchant banking authority of section 4(k)4(H) of

the Bank Holding Company Act, or pursuant to the

investment authority granted by Regulation K?

Enter a ‘‘1’’ if the answer to this question is yes. Enter a

‘‘0’’ if the response to this question is no. If the answer to

this question is no, your organization does not need to

complete the FR Y-12. Skip items 18 and proceed to items

19(a) and 19(b). If the answer to this question is yes,

proceed to item 18 below.

For purposes of this question, an equity investment refers

to common stock, partnership interests, convertible preferred stock, convertible debt, and warrants, options, and

other rights that give the holder the right to acquire

common stock or instruments convertible into common

stock. An equity investment does not include any position or security held in a trading account in accordance

with applicable accounting principles and as part of an

underwriting, market making or dealing activity.

A nonfinancial equity investment means an equity investment made by the holding company or any of its subsidiaries (including all U.S. offices, International Banking

Facilities, foreign branches, branches in Puerto Rico and

U.S. territories and possessions, and majority-owned

bank and nonbank domestic and foreign subsidiaries,

including Edge and agreement subsidiaries, domestic

nonbanking subsidiaries, and small business investment

companies (SBICs)):

• pursuant to the merchant banking authority of section

4(k)(4)(H) of the BHC Act (12 U.S.C. 1843(k)(4)(H))

and subpart J of the Board’s Regulation Y,

• under section 4(c)(6) or 4(c)(7) of the BHC Act

(12 U.S.C. 1843(c)(6) and (c)(7)) in a nonfinancial

company (as defined below) or in a company that

makes investments in nonfinancial companies,

• investments made through a SBIC that is consolidated

with the holding company or subsidiary, or in an SBIC

that is not consolidated, under section 302(b) of the

Small Business Investment Act of 1958,

• in a nonfinancial company under the portfolio investment provisions of the Board’s Regulation K (12 CFR

211.8(c)(3), or

• in a nonfinancial company under section 24 of the

Federal Deposit Insurance Act (12 U.S.C. 1831a).

This question does not apply to equity investments that a

holding company or any of its subsidiaries may make

under other legal authorities. For example, this question

does not apply to nonfinancial investments made by an

insurance company subsidiary of a financial holding

company under section 4(k)(4)(I) of the BHC Act

(12 U.S.C. 1843(k)(4)(I)). Also, this question does not

apply to DPC investments.

A nonfinancial company is a company that is engaged in

any activity that has not been determined to be financial

in nature or incidental to a financial activity under

section 4(k) of the BHC Act (12 U.S.C. 1843(k)).

Line Item 18 Do your aggregate nonfinancial

equity investments equal or exceed the lesser of

$100 million (on an acquisition cost basis) or

10 percent of the holding company’s consolidated

Tier 1 capital as of the report date?

Enter a ‘‘1’’ if the answer to this question is yes. Enter a

‘‘0’’ if the response to this question is no. If the answer to

both item 17 and item 18 is yes, your organization must

complete the FR Y-12. Skip items 19.a and 19.b, and

proceed to item 20 below. If the answer to either item 17

Schedule HC-M

FR Y-9C HC-M-11

Schedule HC-M March 2015
or item 18 is no, your organization does not need to

complete the FR Y-12. Proceed to items 19(a) and 19(b)

below.

See the instructions for item 17 above for the definition

of nonfinancial equity investment.

Acquisition cost is the amount paid by the holding

company for the nonfinancial equity investment when it

was acquired.

Tier 1 capital is the amount reported in Schedule HC- R,

Part I Regulatory Capital, item 26.

Items 19(a) and 19(b) are to be completed by all

holding companies that are not required to file the

FR Y-12.

Line Item 19(a) Has the holding company sold or

otherwise liquidated its holding of any nonfinancial

equity investment since the previous reporting

period?

Enter a ‘‘1’’ if the answer to this question is yes. Enter a

‘‘0’’ if the response to this question is no. See the

instructions for item 17 above for the definition of

nonfinancial equity investment.

Line item 19(b) Does the holding company manage

any nonfinancial equity investments for the benefit

of others?

Enter a ‘‘1’’ if the answer to this question is yes. Enter a

‘‘0’’ if the response to this question is no.

This item applies to all holding companies that do not file

the FR Y-12 report that manage nonfinancial equity

investments for others by serving as a general partner in a

limited partnership or performing a similar function in a

private equity fund. These investments are not owned by

the holding company and are not consolidated in the

holding company’s financial statements. Exclude investments managed through a bank trust department in a

fiduciary capacity. See the instructions for item 17 above

for the definition of nonfinancial equity investment.

Line Item 20 Balances of broker–dealer

subsidiaries engaged in underwriting or dealing

securities pursuant to Section 4(k)(4)(E) of the Bank

Holding Company Act as amended by the

Gramm–Leach–Bliley Act.

These items are to be completed only by top-tier financial holding companies. A financial holding company is

a U.S. holding company whose declaration has been

determined to be effective as of the reporting period (e.g.,

March 31, June 30, September 30, or December 31).

Line Item 20(a) Net Assets.

Report the total net assets of all broker–dealer subsidiaries engaged in underwriting or dealing securities pursuant to Section 4(k)4(E) of the Bank Holding Company

Act as amended by the Gramm–Leach–Bliley Act. The

definition of assets generally corresponds to Schedule

HC, Balance Sheet, line 12. Include both domestic and

foreign subsidiaries that are owned by the financial

holding company. Exclude from this item intercompany

assets and claims on affiliates that are eliminated when

preparing consolidated financial statements for the financial holding company. Report intercompany assets and

claims in items 20(b) and 20(c), respectively. Also

exclude any subsidiaries that are held through a U.S.

depository institution.

Line Item 20(b) Balances due from related

institutions.

Report intercompany transaction balances due from the

parent company, subsidiary banks and their subsidiaries,

and nonbank subsidiaries of the parent holding company.

This may include cash, receivables and all other amounts

due from operating the underwriting subsidiary. All

amounts are reported gross. For savings and loan holding

companies, the definition of nonbank subsidiary excludes

federal savings associations, federal savings banks and

thrift institutions.

Line Item 20(b)(1) Due from holding company

(parent company only), gross.

Report intercompany transaction balances due from the

reporting parent holding company. This may include

receivables and amounts owed from operating the subsidiary or providing services to the parent company.

Line Item 20(b)(2) Due from subsidiary banks of

the holding company, gross.

Report intercompany transaction balances due from subsidiary banks and their subsidiaries of the holding company. This may include cash due from subsidiary banks

or amounts owed for services provided.

Schedule HC-M

HC-M-12 FR Y-9C

Schedule HC-M March 2015
Line Item 20(b)(3) Due from nonbank subsidiaries

of the holding company, gross.

Report intercompany transaction balances due from nonbank subsidiaries of the holding company. For savings

and loan holding companies, the definition of nonbank

subsidiary excludes federal savings associations, federal

savings banks and thrift institutions.

Line Item 20(c) Balances due to related

institutions.

Line items 20(c)(1) through 20(c)(3) include intercompany liabilities that are owed to affiliates or are derived

from subordinated debt agreement(s) with affiliates that

are considered capital under the SEC’s net capital rule

(Rule 15c3-1). The aggregate amount of that subordinated debt is reported in line 20(d).

Line Item 20(c)(1) Due to holding company

(parent company only), gross.

Report the amount of all intercompany liabilities that are

owed to the reporting parent holding company. Such

liabilities may consist of administrative service agreements, utilized lines of credit, management fees, advances

or any other amounts due to the holding company parent.

Line Item 20(c)(2) Due to subsidiary banks of the

holding company, gross.

Report the amounts of all intercompany liabilities owed

to the subsidiary banks and their subsidiaries of the

holding company. Such liabilities may consist of shortterm loans and transaction processing fees.

Line Item 20(c)(3) Due to the nonbank

subsidiaries of the holding company, gross.

Report the amount of all intercompany liabilities owed to

the nonbank subsidiaries of the holding company. For

savings and loan holding companies, the definition of

nonbank subsidiary excludes federal savings associations, federal savings banks and thrift institutions.

Line Item 20(d) Intercompany liabilities reported

in items 20.c(1), 20.c(2), and 20.c(3) above that

qualify as liabilities subordinated to claims of

general creditors.

Report the amount of intercompany liabilities that are

derived from subordinated debt agreement(s) that are

considered capital under SEC net capital rules (Rule

15c3-1).

Line Item 21 Net assets of subsidiaries engaged in

insurance or reinsurance underwriting pursuant to

Section 4(k)(4)(B) of the Bank Holding Company

Act as amended by the Gramm—Leach—Bliley Act

(12 U.S.C. § 1843(k)(4)(B)). A savings and loan

holding company that wishes to engage in financial

holding company activities must have an effective

election to be treated as financial holding company or

conducts activities under section 10(c)(2)(H)(i) of the

HOLA (12 U.S.C. 1467a(c)(2)(H)(i).

This item is to be completed only by the top-tier financial holding company in a multi-tiered organization

(and single-tiered financial holding companies), and

includes only newly authorized insurance underwriting

activities permitted under the Gramm–Leach–Bliley Act

(12 U.S.C. § 1843(k)(4)(B)). A financial holding company whose declaration has been determined to be effective as of the reporting period (e.g., March 31, June 30,

September 30, or December 31) should report the total

net assets for subsidiaries engaged in insurance or reinsurance underwriting pursuant to Section 4(k)(4)(B) of

the Bank Holding Company Act as amended by the

Gramm—Leach—Bliley Act (12 U.S.C. § 1843(k)(4)(B)).

The definition of assets generally corresponds to Schedule HC, Balance Sheet, line 12. Include both domestic

and foreign subsidiaries that are owned by the financial

holding company. Exclude from this item:

(1) intercompany assets and claims on affiliates that are

eliminated when preparing consolidated financial

statements for the financial holding company,

(2) subsidiaries that engage solely in underwriting creditrelated insurance that was permissible for holding

companies to engage in prior to the Gramm–Leach–

Bliley Act under Section 225.28(b)(11)(i) of Regulation Y, and

(3) subsidiaries that are principally engaged in insurance

agency activities.

Line Item 22 Address (URL) for the reporting

holding company’s web page that displays risk

disclosures, including credit and market risks.

(This item is to be reported by holding companies with

total assets of $30 billion or more.)

Schedule HC-M

FR Y-9C HC-M-13

Schedule HC-M June 2013
Report the holding company’s Internet Web address, also

known as the Uniform Resource Locator (URL), that the

public enters into Internet browser software in order to

access the holding company’s risk disclosure information. Holding companies should provide the URL that

links directly to the risk disclosure information on the

holding company’s web site or to a table that crossreferences to the location of the disclosures on the web

site. The risk disclosure information should include the

information as outlined in SR letter 01-6. This risk

information would typically be found in the management’s discussion and analysis (MD&A) of Form 10-K

and Form 10-Q filed with the SEC.

Each holding company should ensure that it accurately

reports its URL. Do not provide an e-mail address in the

space for the Web address. The URL reported in this item

will be publicly available. Examples of URLs are

www.bhc.com/riskdisclosure and www.bhc.com/fin/; do

not preface with http:// because this is already included

on the form.

Line Item 23 Secured liabilities.

(This item is to be completed by all holding companies.)

Report in the appropriate subitem the carrying amount of

federal funds purchased (in domestic offices) and ‘‘Other

borrowings’’ that are secured, i.e., the carrying amount of

these types of liabilities for which the holding company

(or a consolidated subsidiary) has pledged securities,

loans, or other assets as collateral.

Line Item 23(a) Amount of ‘‘Federal funds

purchased (in domestic offices)’’ that are secured.

Report the carrying amount of federal funds purchased

(in domestic offices) (as defined for Schedule HC, item

14(a)) that are secured.

Line Item 23(b) Amount of ‘‘Other borrowings’’

that are secured.

Report the carrying amount of ‘‘Other borrowings’’ (as

defined for Schedule HC-M, item 14(d)) that are secured.

Secured ‘‘Other borrowings’’ include, but are not limited

to, transfers of financial assets accounted for as financing

transactions because they do not satisfy the criteria for sale

accounting under ASC Topic 860, Transfers and Servicing

(formerly FASB Statement No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities, as amended), mortgages payable on

holding company premises and other real estate owned,

and obligations under capitalized leases.

Line Item 24 Issuances associated with the U.S.

Department of Treasury Capital Purchase Program.

Under the U.S. Department of Treasury Capital Purchase

Program (CPP), the Treasury provides capital to participating holding companies by purchasing newly issued

senior perpetual preferred stock and warrants to purchase

common stock, depending on whether the holding company’s common stock is ‘‘publicly traded.’’ For such

holding companies that are not publicly traded, the

Treasury Department immediately exercises the warrants

for senior perpetual preferred stock (‘‘warrant preferred

stock’’). This perpetual preferred stock and warrant preferred stock is senior to the holding company’s common

stock and on par with the issuer’s existing preferred

shares. All senior perpetual preferred stock issued provides for cumulative dividends, but for regulatory capital

purposes is treated the same as noncumulative perpetual

preferred stock as an unrestricted core capital element

included in Tier 1 capital.

Line Item 24(a) Senior perpetual preferred stock

or similar items

Report the carrying amount of all senior perpetual preferred stock and all warrant preferred stock issued to the

U.S. Department of Treasury (included in Schedule HC,

item 23, ‘‘Perpetual preferred stock and related surplus.’’

Line Item 24(b) Warrants to purchase common

stock or similar items

Report the carrying amount of all warrants issued to the

U.S. Department of Treasury to purchase common stock

of the holding company that is included in equity capital

on the balance sheet (included in Schedule HC, item 25,

‘‘Surplus,’’ or Schedule HC, item 20, ‘‘Other liabilities.’’)

Warrants issued by a publicly traded holding company

should be included in equity capital on the balance sheet

provided the holding company has sufficient authorized

but unissued shares of the common stock to allow

exercise of the warrants and any other necessary shareholder approvals have been obtained. If the holding

Schedule HC-M

HC-M-14 FR Y-9C

Schedule HC-M June 2013
company does not have required shareholder approval,

including shareholder approval for sufficient authorized

but unissued shares of the common stock subject to the

warrants that may be required for settlement, the warrants may be included in equity capital on the balance

sheet provided that the holding company takes the necessary action to secure sufficient approvals prior to the end

of the fiscal quarter in which the warrants are issued.

Warrants that are not eligible to be classified as equity

capital should be reported as other liabilities on the

balance sheet.

Line item 25 U.S. Small Business Administration

Paycheck Protection Program (PPP) loans and the

Federal Reserve PPP Liquidity Facility (PPPLF).

The PPP was established by Section 1102 of the

2020 Coronavirus Aid, Relief, and Economic Security

Act, which was enacted on March 27, 2020 and amended

on June 5, 2020. PPP covered loans (PPP loans) are fully

guaranteed as to principal and accrued interest by the

U.S. Small Business Administration (SBA).

The PPPLF was authorized by the Board of Governors of

the Federal Reserve System on April 8, 2020, under

Section 13(3) of the Federal Reserve Act

(12 U.S.C. 343(3)). Under the PPPLF, the Federal

Reserve Banks extend non-recourse loans to eligible

lenders, with the extensions of credit secured by SBAguaranteed PPP loans that the lenders have originated or

purchased.

Items 25.a through 25.d should be completed on a fully

consolidated basis.

Line item 25.a Number of PPP loans outstanding.

Report the number of PPP loans outstanding held by the

reporting holding company as of the report date whose

outstanding balances are included in the amount reported

in Schedule HC-M, item 25.b, below.

Line item 25.b Outstanding balance of PPP loans.

Report the aggregate amount at which PPP loans held for

investment and held for sale are included in Schedule HC-C, Part I, and PPP loans held for trading are

included in Schedule HC, item 5, as of the report date.

Line item 25.c Outstanding balance of PPP loans

pledged to the PPPLF.

For PPP loans pledged to the PPPLF, report the aggregate

amount at which such PPP loans held for investment and

held for sale are included in Schedule HC-C, Part I, and

such PPP loans held for trading are included in Schedule HC, item 5, as of the report date.

Pledged PPP loans held for investment or held for sale

that should be included in this item will also have been

included in Schedule HC-C, Part I, Memorandum item 14,

′′Pledged loans and leases.′′ Pledged PPP loans held for

trading that should be included in this item will also have

been included in Schedule HC-D, Memorandum item 4.b,

′′Pledged loans.′′

Line item 25.d Quarterly average amount of

PPP loans pledged to the PPPLF and excluded from

′′Total assets for the leverage ratio′′ reported in

Schedule HC-R, Part I, item 30.

Report the quarterly average amount of PPP loans

pledged to the PPPLF that are included as a deduction in

Schedule HC-R, Part I, item 29, ′′LESS: Other deductions from (additions to) assets for leverage ratio purposes,′′ and thus excluded from ′′Total assets for the

leverage ratio′′ reported in Schedule HC-R, Part I,

item 30.

This quarterly average should be consistent with and

calculated using the same averaging method used for

calculating the quarterly average for ′′Total Assets′′

reported in Schedule HC-K, item 5.

Schedule HC-M

FR Y-9C HC-M-15

Schedule HC-M March 2021
LINE ITEM INSTRUCTIONS FOR

Past Due and Nonaccrual Loans, Leases,

and Other Assets

Schedule HC-N

General Instructions

Report on a fully consolidated basis all loans, leases, debt

securities, and other assets that are past due or are in

nonaccrual status, regardless of whether such credits are

secured or unsecured and regardless of whether such

credits are guaranteed or insured by the U.S. Government

or by others. For assets that are past due or in nonaccrual

status, holding companies that have not adopted FASB

Accounting Standards Update No. 2016-13 (ASU 2016-

13), which governs the accounting for credit losses,

should report the balance sheet amount of the asset in

Schedule HC-N, i.e., the amount at which the asset is

reported in the applicable asset category on Schedule

HC, Balance Sheet (e.g., in item 4(b), “Loans and leases,

held for investment”), not simply the asset’s delinquent

payments.

For assets that are past due or in nonaccrual status,

holding companies that have adopted ASU 2016-13

should report the balance sheet amount of the asset in

Schedule HC-N without deducting any applicable allowance for credit losses, not simply the asset’s delinquent

payments. For example, the amount to be reported in

Schedule HC-N for a past due or nonaccrual loan held for

investment should equal the amount at which the loan is

reported in Schedule HC, Balance Sheet, item 4.b,

“Loans and leases held for investment.” The amount to

be reported in Schedule HC-N, item 10, for a past due or

nonaccrual held-to-maturity debt security should equal

the amortized cost at which the debt security is reported

in Schedule HC-B, Securities, column A.

Loan amounts should be reported net of unearned income

to the extent that they are reported net of unearned

income in Schedule HC-C. All lease, debt security, and

other asset amounts must be reported net of unearned

income.

For purposes of these reports, “GNMA loans” are residential mortgage loans insured or guaranteed by the

Federal Housing Administration (FHA), the Department

of Agriculture Rural Development (RD) program (formerly the Farmers Home Administration (FmHA)), or

the Department of Veterans Affairs (VA) or guaranteed

by the Secretary of Housing and Urban Development and

administered by the Office of Public and Indian Housing

(PIH) that back Government National Mortgage Association (GNMA) securities. When a holding company services GNMA loans after it has securitized the loans in a

transfer accounted for as a sale, ASC Topic 860, Transfers and Servicing (formerly FASB Statement No. 140,

“Accounting for Transfers and Servicing of Financial

Assets and Extinguishments of Liabilities,” as amended)

requires the holding company to bring individual delinquent GNMA loans that it previously accounted for as

sold back onto its books as loan assets when, under the

GNMA Mortgage-Backed Securities Guide, the loan

meets GNMA’s specified delinquency criteria and is

eligible for repurchase. This rebooking of GNMA loans

is required regardless of whether the holding company, as

seller-servicer, intends to exercise the repurchase (buyback) option. A seller-servicer must report all delinquent

rebooked GNMA loans that have been repurchased or are

eligible for repurchase as past due in Schedule HC-N in

accordance with their contractual repayment terms. In

addition, if a holding company services GNMA loans,

but was not the transferor of the loans that were securitized, and purchases individual delinquent loans out of

the GNMA securitization, the holding company must

report the purchased loans as past due in Schedule HC-N

in accordance with their contractual repayment terms

even though the holding company was not required to

record the delinquent GNMA loans as assets prior to

purchasing the loans. Such delinquent GNMA loans

should be reported in items 1(c), 11, and 11(b) of

Schedule HC-N.

FR Y-9C HC-N-1

Schedule HC-N March 2019
Definitions

Past Due—The past due status of a loan or other asset

should be determined in accordance with its contractual

repayment terms. For purposes of this schedule, grace

periods allowed by the holding company after a loan or

other asset technically has become past due but before

the imposition of late charges are not to be taken into

account in determining past due status. Furthermore,

loans, leases, debt securities, and other assets are to be

reported as past due when either interest or principal is

unpaid in the following circumstances:

(1) Closed-end installment loans, amortizing loans

secured by real estate, and any other loans and lease

financing receivables with payments scheduled

monthly are to be reported as past due when the

borrower is in arrears two or more monthly payments. (At a holding company’s option, loans and

leases with payments scheduled monthly may be

reported as past due when one scheduled payment is

due and unpaid for 30 days or more.) Other multipayment obligations with payments scheduled other than

monthly are to be reported as past due when one

scheduled payment is due and unpaid for 30 days or

more.

(2) Open-end credit such as charge-card plans, check

credit, and other revolving credit plans are to be

reported as past due when the customer has not made

the minimum payment for two or more billing cycles.

(3) Single payment and demand notes, debt securities,

and other assets providing for the payment of interest

at stated intervals are to be reported as past due after

one interest payment is due and unpaid for 30 days or

more.

(4) Single payment notes, debt securities, and other

assets providing for the payment of interest at maturity are to be reported as past due after maturity if

interest or principal remains unpaid for 30 days or

more.

(5) Unplanned overdrafts are to be reported as past due if

the account remains continuously overdrawn for

30 days or more.

For purposes of this schedule, a full payment in computing past due status for consumer installment loans (both

closed-end and open-end) is defined to include a partial

payment equivalent to 90 percent or more of the contractual payment.

For holding companies that have not adopted ASU

2016-13, when accrual of income on a purchased creditimpaired (PCI) loan accounted for individually or a PCI

debt security is appropriate, the delinquency status of the

individual asset should be determined in accordance with

its contractual repayment terms for purposes of reporting

the amount of the loan or debt security as past due in the

appropriate items of Schedule HC-N, column A or B.

When accrual of income on a pool of PCI loans with

common risk characteristics is appropriate, delinquency

status should be determined individually for each loan in

the pool in accordance with the individual loan’s contractual repayment terms for purposes of reporting the

amount (before any post-acquisition loan loss allowance)

of individual loans within the pool as past due in the

appropriate items of Schedule HC-N, column A or B. For

further information, see the Glossary entry for “purchased credit-impaired loans and debt securities.”

For holding companies that have adopted ASU 2016-13,

any PCI loans and debt securities held as of the adoption

date of the standard should prospectively be accounted

for as a purchased credit-deteriorated (PCD) financial

assets. As of the adoption date of the standard, the

remaining noncredit discount or premium on a PCD

asset, after the adjustment for the allowance for credit

losses, should be accreted to interest income at the new

effective interest rate, if it is not required to be placed on

nonaccrual. For a PCD loan, debt security, or other

financial asset within the scope of ASU 2016-13 that is

not reported in nonaccrual status, the delinquency status

of the PCD asset should be determined in accordance

with its contractual repayment terms for purposes of

reporting the amortized cost basis of the asset (fair value

for a PCD available-for-sale debt security) as past due in

Schedule HC-N, column A or B, as appropriate. If the

PCD asset that is not reported in nonaccrual status

consists of a pool of loans that was previously PCI, but is

being maintained as a unit of account after the adoption

of ASU 2016-13, delinquency status should be determined individually for each loan in the pool in accordance with the individual loan’s contractual repayment

terms. For further information, see the Glossary entry for

′′purchased credit-deteriorated assets.′′

NOTE: The time period used for reporting past due

status as indicated above may not in all instances conform to those utilized by federal bank regulators in bank

examinations.

Schedule HC-N

HC-N-2 FR Y-9C

Schedule HC-N March 2021
Nonaccrual—For purposes of this schedule, an asset is

to be reported as being in nonaccrual status if: (1) it is

maintained on a cash basis because of deterioration in the

financial condition of the borrower, (2) payment in full of

principal or interest is not expected, or (3) principal or

interest has been in default for a period of 90 days or

more unless the asset is both well secured and in the

process of collection.

An asset is ‘‘well secured’’ if it is secured (1) by

collateral in the form of liens on or pledges of real or

personal property, including securities, that have a realizable value sufficient to discharge the debt (including

accrued interest) in full, or (2) by the guarantee of a

financially responsible party. An asset is ‘‘in the process

of collection’’ if collection of the asset is proceeding in

due course either (1) through legal action, including

judgment enforcement procedures, or, (2) in appropriate

circumstances, through collection efforts not involving

legal action which are reasonably expected to result in

repayment of the debt or in its restoration to a current

status in the near future.

For purposes of applying the third test for nonaccrual

status listed above, the date on which an asset reaches

nonaccrual status is determined by its contractual terms.

If the principal or interest on an asset becomes due and

unpaid for 90 days or more on a date that falls between

report dates, the asset should be placed in nonaccrual

status as of the date it becomes 90 days past due and it

should remain in nonaccrual status until it meets the

criteria for restoration to accrual status described below.

In the following situations, an asset need not be placed in

nonaccrual status:

(1) The asset upon which principal or interest is due and

unpaid for 90 days or more is a consumer loan (as

defined for Schedule HC-C, item 6, ‘‘Loans to individuals for household, family, and other personal

expenditures’’) or a loan secured by a 1-to-4 family

residential property (as defined for Schedule HC-C,

item 1(c), Loans ‘‘Secured by 1-4 family residential

properties’’). Nevertheless, such loans should be

subject to other alternative methods of evaluation to

assure that the holding company’s net income is not

materially overstated. To the extent that the holding

company has elected to carry such a loan in nonaccrual status on its books, the loan must be reported as

nonaccrual in this schedule.

(2) For a holding company that has not adopted ASU

2016-13, the criteria for accrual of income under the

interest method specified in ASC Subtopic 310-30,

Receivables – Loans and Debt Securities Acquired

with Deteriorated Credit Quality, are met for a PCI

loan, pool of loans, or debt security accounted for in

accordance with that Subtopic, regardless of whether

the loan, the loans in the pool, or debt security had

been maintained in nonaccrual status by its seller.

(For PCI loans with common risk characteristics that

are aggregated and accounted for as a pool, the

determination of nonaccrual or accrual status should

be made at the pool level, not at the individual loan

level.) For further information, see the Glossary entry

for ′′purchased credit-impaired loans and debt securities.′′

(3) For a holding company that has adopted ASU 2016-

13, the following criteria are met for a PCD asset,

including a PCD asset that was previously a PCI

asset or part of a pool of PCI assets, that would

otherwise be required to be placed in nonaccrual

status (see the Glossary entry for “nonaccrual status”):

(a) The holding company reasonably estimates the

timing and amounts of cash flows expected to be

collected, and

(b) The holding company did not acquire the asset

primarily for the rewards of ownership of the

underlying collateral, such as use of collateral in

operations of the holding company.” or improving the collateral for resale.

When a PCD asset that meets the criteria above is not

placed in nonaccrual status, the asset should be

subject to other alternative methods of evaluation to

ensure that the holding company’s net income is not

materially overstated. Further, regardless of whether

a PCD asset is in nonaccrual or accrual status, a

holding company is not permitted to accrete the

credit-related discount embedded in the purchase

price of such an asset that is attributable to the

acquirer’s assessment of expected credit losses as of

the date of acquisition (i.e., the contractual cash

flows the acquirer did not expect to collect at acquisition). Interest income should no longer be recognized on a PCD asset to the extent that the net

investment in the asset would increase to an amount

greater than the payoff amount. If a holding company

Schedule HC-N

FR Y-9C HC-N-3

Schedule HC-N March 2021
is required or has elected to carry a PCD asset in

nonaccrual status, the asset must be reported as a

nonaccrual asset at its amortized cost basis (fair

value for a PCD available-for-sale debt security) in

Schedule HC-N, column C. (For PCD assets for

which the holding company has made a policy

election to maintain previously existing pools of PCI

loans upon adoption of ASU 2016-13, the determination of nonaccrual or accrual status should be made

at the pool level, not the individual asset level.) For

further information, see the Glossary entry for “purchased credit-deteriorated assets.”

As a general rule, a nonaccrual asset may be restored to

accrual status when:

(1) None of its principal and interest is due and unpaid,

and the holding company expects repayment of the

remaining contractual principal and interest, or

(2) When it otherwise becomes well secured and in the

process of collection.

For purposes of meeting the first test for restoration to

accrual status, the holding company must have received

repayment of the past due principal and interest unless, as

discussed in the Glossary entry for ‘‘nonaccrual status,’’

(1) The asset has been formally restructured and qualifies for accrual status,

(2) The asset is a purchased credit-impaired loan, pool of

loans, or debt security accounted for in accordance

with ASC Subtopic 310-30 and it meets the criteria

for accrual of income under the interest method

specified in that Subtopic,

(3) The borrower has resumed paying the full amount of

the scheduled contractual interest and principal payments on a loan that is past due and in nonaccrual

status, even though the loan has not been brought

fully current, and certain repayment criteria are met.

For further information, see the Glossary entry for “nonaccrual status.”

Restructured in Troubled Debt Restructurings—A

troubled debt restructuring is a restructuring of a loan in

which a holding company, for economic or legal reasons

related to a borrower’s financial difficulties, grants a

concession to the borrower that it would not otherwise

consider. For purposes of this schedule, the concession

consists of a modification of terms, such as a reduction of

the loan’s stated interest rate, principal, or accrued

interest or an extension of the loan’s maturity date at a

stated interest rate lower than the current market rate for

new debt with similar risk, regardless of whether the loan

is secured or unsecured and regardless of whether the

loan is guaranteed by the government or by others.

Once an obligation has been restructured in a troubled

debt restructuring, it continues to be considered a troubled

debt restructuring until paid in full or otherwise settled,

sold, or charged off. However, if a restructured obligation

is in compliance with its modified terms and the restructuring agreement specifies an interest rate that at the time

of the restructuring is greater than or equal to the rate that

the holding company was willing to accept for a new

extension of credit with comparable risk, the loan need

not continue to be reported as a troubled debt restructuring in calendar years after the year in which the restructuring took place. A loan extended or renewed at a stated

interest rate equal to the current interest rate for new debt

with similar risk is not considered a troubled debt

restructuring. Also, a loan to a third party purchaser of

‘‘other real estate owned’’ by the reporting holding

company for the purpose of facilitating the disposal of

such real estate is not considered a troubled debt restructuring.

For further information, see the Glossary entry for

‘‘troubled debt restructurings.’’

Column Instructions

Holding companies that have adopted ASU 2016-13,

report in columns A, B and C of Schedule HC-N asset

amounts without any deduction for allowances for credit

losses.

The columns of Schedule HC-N are mutually exclusive.

Any given loan, lease, debt security, or other asset should

be reported in only one of columns A, B, and C.

Information reported for any given off-balance sheet

contract should be reported in only column A or column B.

Report in columns A and B of Schedule HC-N (except for

Memorandum item 6) the balance sheet amounts (not just

delinquent payments) of loans, leases, debt securities,

and other assets that are past due and upon which the

bank continues to accrue interest, as follows:

(1) In column A, report closed-end monthly installment

loans, amortizing loans secured by real estate, lease

financing receivables, and open-end credit in arrears

Schedule HC-N

HC-N-4 FR Y-9C

Schedule HC-N March 2021
two or three monthly payments; other multipayment

obligations with payments scheduled other than

monthly when one scheduled payment is due and

unpaid for 30 through 89 days; single payment and

demand notes, debt securities, and other assets providing for payment of interest at stated intervals

after one interest payment is due and unpaid for

30 through 89 days; single payment notes, debt

securities, and other assets providing for payment of

interest at maturity, on which interest or principal

remains unpaid for 30 through 89 days after maturity;

unplanned overdrafts, whether or not the bank hold

company is accruing interest on them, if the account

remains continuously overdrawn for 30 through

89 days.

(2) In column B, report the loans, lease financing receivables, debt securities, and other assets as specified

above on which payment is due and unpaid for

90 days or more.

Include in columns A and B, as appropriate (except for

Memorandum item 6), all loans, leases, debt securities,

and other assets which, subsequent to their restructuring by means of a modification of terms, have become

30 days or more past due and upon which the holding

company continues to accrue interest. Exclude from

columns A and B all loans, leases, debt securities, and

other assets that are in nonaccrual status.

Report in columns A and B of Memorandum item 6 the

fair value, if positive, of all interest rate, foreign exchange

rate, equity and commodity and other derivative contracts on which a required payment by the holding

company’s counterparty is due and unpaid for 30 through

89 days and due and unpaid for 90 days or more,

respectively.

Report in column C the balance sheet amounts of loans,

leases, debt securities, and other assets that are in nonaccrual status. Include all restructured loans, leases, debt

securities, and other assets that are in nonaccrual status.

However, restructured loans, leases, debt securities, and

other assets with a zero percent effective interest rate are

not to be reported in this column as nonaccrual assets.

Item Instructions

The loan category definitions used in Schedule HC-N

correspond with the loan category definitions found in

Schedule HC-C. Consistent with Schedule HC-C, the

category-by-category breakdown of loans and leases in

Schedule HC-N includes (1) loans and leases held for

sale and (2) loans and leases that the reporting holding

company has the intent and ability to hold for the

foreseeable future or until maturity or payoff.

Line Item 1 Loans secured by real estate.

Report in the appropriate subitem and column all loans

secured by real estate included in Schedule HC-C, item 1,

that are past due 30 days or more or are in nonaccrual

status as of the report date. In addition, report in item 1(f),

“In foreign offices” loans and leases secured by real

estate in foreign offices that are past due 30 days or more

or are in nonaccrual status as of the report date.

Line Item 1(a) Construction, land development,

and other land loans (in domestic offices).

Report in the appropriate subitem and column the amount

of all construction, land development, and other land

loans (in domestic offices) included in Schedule HC-C,

item 1(a), column B, that are past due 30 days or more or

are in nonaccrual status as of the report date.

Line Item 1(a)(1) 1-4 family residential

construction loans.

Report in the appropriate column the amount of all 1-4

family residential construction loans (in domestic offices)

included in Schedule HC-C, item 1(a)(1), column B, that

are past due 30 days or more or are in nonaccrual status

as of the report date.

Line Item 1(a)(2) Other construction loans and all

land development and other land loans.

Report in the appropriate column the amount of all other

construction loans and all land development and other

land loans (in domestic offices) included in Schedule

HC-C, item 1(a)(2), column B, that are past due 30 days

or more or are in nonaccrual status as of the report date.

Line Item 1(b) Secured by farmland in domestic

offices.

Report in the appropriate column all loans in domestic

offices secured by farmland and improvements thereon,

included in Schedule HC-C, item 1(b) that are past due

30 days or more or are in nonaccrual status as of the

report date.

Schedule HC-N

FR Y-9C HC-N-5

Schedule HC-N September 2016
Line Item 1(c) Secured by 1–4 family residential

properties in domestic offices.

Report in the appropriate column all loans in domestic

offices secured by 1–4 family residential properties

included in Schedule HC-C, item 1(c) that are past due

30 days or more or are in nonaccrual status as of the

report date.

Line Item 1(c)(1) Revolving, open-end loans

secured by 1–4 family residential properties and

extended under lines of credit.

Report in the appropriate column all loans secured by

revolving, open-end lines of credit secured by 1-to-4

family residential properties, included in Schedule HC-C,

item 1(c)(1) that are past due 30 days or more or are in

nonaccrual status as of the report date.

Line Item 1(c)(2) Closed-end loans secured by

1–4 family residential properties.

Report in the appropriate subitem and column the amount

of all closed-end loans secured by 1–4 family residential

properties (in domestic offices), included for Schedule HC-C, item 1(c)(2), column B, that are past due

30 days or more or are in nonaccrual status as of the

report date.

Line Item 1(c)(2)(a) Secured by first liens.

Report in the appropriate column the amount of all

closed-end loans secured by first liens on 1–4 family

residential properties (in domestic offices), included for

Schedule HC-C, item 1(c)(2)(a), column B, that are past

due 30 days or more or are in nonaccrual status as of the

report date.

Line Item 1(c)(2)(b) Secured by junior liens.

Report in the appropriate column the amount of all

closed-end loans secured by junior liens on 1–4 family

residential properties (in domestic offices), included for

Schedule HC-C, item 1(c)(2)(b), column B, that are past

due 30 days or more or are in nonaccrual status as of the

report date. Include loans secured by junior liens in this

item even if the holding company also holds a loan

secured by a first lien on the same 1–4 family residential

property and there are no intervening junior liens.

Line Item 1(d) Secured by multifamily (5 or more)

residential properties in domestic offices.

Report in the appropriate column all loans secured by

(5 or more) residential properties (in domestic offices)

included in Schedule HC-C, item 1(d) that are past due

30 days or more or are in nonaccrual status as of the

report date.

Line Item 1(e) Secured by nonfarm nonresidential

properties (in domestic offices).

Report in the appropriate subitem and column the amount

of all loans secured by nonfarm residential properties (in

domestic offices) included in Schedule HC-C, item 1(e),

column B, that are past due 30 days or more or are in

nonaccrual status as of the report date.

Line Item 1(e)(1) Loans secured by

owner-occupied nonfarm nonresidential properties.

Report in the appropriate column the amount of loans

secured by owner-occupied nonfarm nonresidential properties (in domestic offices) included in Schedule HC-C,

item 1(e)(1), column B, that are past due 30 days or more

or are in nonaccrual status as of the report date.

Line Item 1(e)(2) Loans secured by other nonfarm

nonresidential properties.

Report in the appropriate column the amount of loans

secured by other nonfarm nonresidential properties (in

domestic offices) included in Schedule HC-C, item

1(e)(2), column B, that are past due 30 days or more or

are in nonaccrual status as of the report date.

Line Item 1(f) Secured by loans in foreign offices.

Report in the appropriate column all loans secured by

real estate in foreign offices included in Schedule HC-C,

item 1, column A that are past due 30 days or more or are

in nonaccrual status as of the report date.

Line Item 2 Loans to depository institutions and

acceptances of other banks.

Report in the appropriate column all loans to depository

institutions and acceptances of other banks included in

Schedule HC-C, item 2 that are past due 30 days or more

or are in nonaccrual status as of the report date.

Schedule HC-N

HC-N-6 FR Y-9C

Schedule HC-N December 2019
Line Item 2(a) U.S. banks and other U.S.

depository institutions.

Report in the appropriate column all loans to and acceptances of U.S. banks and other depository institutions

included on Schedule HC-C, item 2(a) that are past due

30 days or more or are in nonaccrual status as of the

report date.

Line Item 2(b) Foreign banks.

Report in the appropriate column all loans to and acceptances of foreign banks included in Schedule HC-C, item

2(b) that are past due 30 days or more or are in

nonaccrual status as of the report date.

Line Item 3 Loans to finance agricultural

production and other loans to farmers.

Report in the appropriate column all loans to finance

agricultural production and other loans to farms included

in Schedule HC-C, item 3 that are past due 30 days or

more or are in nonaccrual status as of the report date.

Line Item 4 Commercial and industrial loans.

Report in the appropriate column all commercial and

industrial loans included in Schedule HC-C, item 4 that

are past due 30 days or more or are in nonaccrual status

as of the report date.

Line Item 5 Loans to individuals for household,

family, and other personal expenditures.

Report in the appropriate subitem and column the amount

of all loans to individuals for household, family, and

other personal expenditures (i.e., consumer loans)

included in Schedule HC-C, item 6, that are past due 30

days or more or are in nonaccrual status as of the report

date.

Line Item 5(a) Credit cards.

Report in the appropriate column the amount of all

extensions of credit to individuals for household, family,

and other personal expenditures arising from credit cards

included in Schedule HC-C, item 6(a), that are past due

30 days or more or are in nonaccrual status as of the

report date.

Line Item 5(b) Automobile loans.

Report in the appropriate column the amount of all

consumer loans arising from retail sales of passenger cars

and other vehicles such as minivans, vans, sport-utility

vehicles, pickup trucks, and similar light trucks for

personal use included in Schedule HC-C, item 6(c), that

are past due 30 days or more or are in nonaccrual status

as of the report date.

Line Item 5(c) Other consumer loans (includes

single payment, installment, all student loans, and

revolving credit plans other than credit cards).

Report in the appropriate column the amount of all other

loans to individuals for household, family, and other

personal expenditures included in Schedule HC-C, items

6(b) and 6(d), that are past due 30 days or more or are in

nonaccrual status as of the report date.

Line Item 6 Loans to foreign governments and

official institutions.

Report in the appropriate column all loans to foreign

governments and official institutions included in Schedule HC-C, item 7 that are past due 30 days or more or are

in a nonaccrual status as of the report date.

Line Item 7 All other loans.

Report in the appropriate column all loans to nondepository financial institutions and other loans included in

Schedule HC-C, item 9 that are past due 30 days or more

or are in a nonaccrual status as of the report date.

Line Item 8 Lease financing receivables (net of

unearned income).

Note: Items 8(a) and 8(b) are to be completed by HCs

with $5 billion or more in total consolidated assets.

Item 8(c) is to be reported by holding companies with

less than $5 billion in total assets.

Report in the appropriate subitem and column the amount

of all lease financing receivables (net of unearned

income) included in Schedule HC-C, item 10, that are

past due 30 days or more or are in nonaccrual status as of

the report date.

Line Item 8(a) Leases to individuals for household,

family, and other personal expenditures.

Report in the appropriate column the amount of all leases

(net of unearned income) to individuals for household,

family, and other personal expenditures included in

Schedule HC-C, item 10(a), column A, that are past due

Schedule HC-N

FR Y-9C HC-N-7

Schedule HC-N December 2019
30 days or more or are in nonaccrual status as of the

report date.

Line Item 8(b) All other leases.

Report in the appropriate column the amount of all other

leases (net of unearned income) included in Schedule

HC-C, item 10(b), column A, that are past due 30 days or

more or are in nonaccrual status as of the report date.

Line Item 8(c) Lease financing receivables.

Holding companies with less than $5 billion should

report in the appropriate column the amount of all lease

financing receivables included in Schedule HC-C,

item 10(c) that are past due 30 days or more or are in

nonaccrual status as of the report date.

Line Item 9 Total loans and leases.

For columns A through C, report the sum of items 1

through 8(b).

Line Item 10 Debt securities and other assets

(exclude other real estate owned and other

repossessed assets).

Report in the appropriate column all assets other than

loans and leases reportable in Schedule HC that are past

due 30 days or more or are in nonaccrual status as of

the report date. Include such assets as debt securities

and interest-bearing balances due from depository

institutions. Also include operating lease payments receivable that have been recorded as assets in Schedule HC,

item 11, when the operating lease is past due 30 days or

more or in nonaccrual status. Exclude other real estate

owned reportable in Schedule HC, item 7, and other

repossessed assets reportable in Schedule HC, item 11,

such as automobiles, boats, equipment, appliances, and

similar personal property.

Line Item 11 Loans and leases reported in items 1

through 8 above that are wholly or partially

guaranteed by the U.S. Government, excluding

loans and leases covered by loss-sharing agreements

with the FDIC.

Report in the appropriate column the amount of all loans

and leases reported in Schedule HC-N, items 1 through 8,

above for which repayment of principal is wholly or

partially guaranteed or insured by the U.S. Government,

including its agencies and its government-sponsored

agencies, but excluding loans and leases covered by

loss-sharing agreements with the FDIC, which are

reported in Schedule HC-N, item 12, below. Examples

include loans guaranteed by the Small Business Administration and the Federal Housing Administration.

Amounts need not be reported in this item and in items

11(a) and 11(b) below if they are considered immaterial.

Exclude from this item loans and leases guaranteed or

insured by state or local governments, state or local

government agencies, foreign (non-U.S.) governments,

and private agencies or organizations. Also exclude loans

and leases collateralized by securities issued by the U.S.

Government, including its agencies and its governmentsponsored agencies.

Line Item 11(a) Guaranteed portion of loans and

leases included in item 11 above, excluding

rebooked ‘‘GNMA loans.’’

Report in the appropriate column the maximum amount

recoverable from the U.S. Government, including its

agencies and its government-sponsored agencies, under

the guarantee or insurance provisions applicable to the

loans and leases included in Schedule HC-N, item 11,

above.

Seller-servicers of GNMA loans should exclude all delinquent rebooked GNMA loans that have been repurchased

or are eligible for repurchase from this item (report such

rebooked GNMA loans in item 11(b) below). Servicers

of GNMA loans should exclude individual delinquent

loans (for which they were not the transferor) that they

have purchased out of GNMA securitizations from this

item (report such purchased GNMA loans in item 11(b)

below).

Line Item 11(b) Rebooked ‘‘GNMA loans’’ that

have been repurchased or are eligible for

repurchase included in item 11 above.

Report in the appropriate column the amount included in

HC-N, item 11, of:

(1) Delinquent rebooked GNMA loans that have been

repurchased or are eligible for repurchase by sellerservicers of GNMA loans; and

(2) Delinquent loans that have been purchased out of

GNMA securitizations by servicers of GNMA loans

that were not the transferors of the loans.

Schedule HC-N

HC-N-8 FR Y-9C

Schedule HC-N December 2019
Line Item 12 Loans and leases reported in items 1

through 8 above that are covered by loss-sharing

agreements with the FDIC.

Note: Items 12(a)(1) through 12(f) are to be reported by

HCs with $5 billion or more in total assets.

Report in the appropriate subitem and column the aggregate amount of all loans and leases covered by losssharing agreements with the FDIC and reported in Schedule HC-M, items 6(a)(1)(a)(1) through 6(a)(5), that have

been included in Schedule HC-N, items 1 through 8,

because they are past due 30 days or more or are in

nonaccrual status as of the report date. Amounts need not

be reported in Schedule HC-N, items 12(a)(1)(a) through

12(f), below if they are considered immaterial.

Line Item 12(a) Loans secured by real estate (in

domestic offices):

Line Item 12(a)(1) Construction, land

development, and other land loans:

Line Item 12(a)(1)(a) 1-4 family residential

construction loans.

Report in the appropriate column the amount of all

covered 1-4 family residential construction loans reported

in Schedule HC-M, item 6(a)(1)(a)(1), that are included

in Schedule HC-N, item 1(a)(1), above because they are

past due 30 days or more or are in nonaccrual status as of

the report date.

Line Item 12(a)(1)(b) Other construction loans

and all land development and other land loans.

Report in the appropriate column the amount of all other

covered construction loans and all covered land development and other land loans reported in Schedule HC-M,

item 6(a)(1)(a)(2), that are included in Schedule HC-N,

item 1.a.(2), above because they are past due 30 days or

more or are in nonaccrual status as of the report date.

Line Item 12(a)(2) Secured by farmland.

Report in the appropriate column the amount of all

covered loans secured by farmland reported in Schedule

HC-M, item 6(a)(1)(b), that are included in Schedule

HC-N, item 1(b), above because they are past due 30

days or more or are in nonaccrual status as of the report

date.

Line Item 12(a)(3) Secured by 1-4 family

residential properties:

Line Item 12(a)(3)(a) Revolving, open-end loans

secured by 1-4 family residential properties and

extended under lines of credit.

Report in the appropriate column the amount of all

covered revolving, open-end loans secured by 1-4 family

residential properties and extended under lines of credit

loans held for sale and held for investment reported in

Schedule HC-M, item 6(a)(1)(c)(1), that are included in

Schedule HC-N, item 1(c)(1), above because they are

past due 30 days or more or are in nonaccrual status as of

the report date.

Line Item 12(a)(3)(b) Closed-end loans secured by

1-4 family residential properties:

Line Item 12(a)(3)(b)(1)) Secured by first liens.

Report in the appropriate column the amount of all

covered closed-end loans secured by first liens on 1-4

family residential properties reported in Schedule HC-M,

item 6(a)(1)(c)(2)(a), that are included in Schedule

HC-N, item 1(c)(2)(a), above because they are past due

30 days or more or are in nonaccrual status as of the

report date.

Line Item 12(a)(3)(b)(2) Secured by junior liens.

Report in the appropriate column the amount of all

covered closed-end loans secured by junior liens on 1-4

family residential properties reported in Schedule HC-M,

item 6(a)(1)(c)(2)(b), that are included in Schedule

HC-N, item 1(c)(2)(b), above because they are past due

30 days or more or are in nonaccrual status as of the

report date.

Line Item 12(a)(4) Secured by multifamily (5 or

more) residential properties.

Report in the appropriate column the amount of all

covered loans secured by multifamily (5 or more) residential properties reported in Schedule HC-M, item

6(a)(1)(d), that are included in Schedule HC-N, item

1(d), above because they are past due 30 days or more or

are in nonaccrual status as of the report date.

Schedule HC-N

FR Y-9C HC-N-9

Schedule HC-N December 2019
Line Item 12(a)(5) Secured by nonfarm

nonresidential properties:

Line Item 12(a)(5)(a) Loans secured by

owner-occupied nonfarm nonresidential properties.

Report in the appropriate column the amount of all

covered loans secured by owner-occupied nonfarm nonresidential properties reported in Schedule HC-M, item

6(a)(1)(e)(1), that are included in Schedule HC-N, item

1(e)(1), above because they are past due 30 days or more

or are in nonaccrual status as of the report date.

Line Item 12(a)(5)(b) Loans secured by other

nonfarm nonresidential properties.

Report in the appropriate column the amount of all

covered loans secured by other nonfarm nonresidential

properties reported in Schedule HC-M, item 6(a)(1)(e)(2),

that are included in Schedule HC-N, item 1(e)(2), above

because they are past due 30 days or more or are in

nonaccrual status as of the report date.

Line Item 12(b) through 12(d) Not applicable.

Line Item 12(e) All other loans and all leases.

Report in the appropriate column the amount of covered

loans and leases reported in Schedule HC-M, item

6(a)(5), ‘‘All other loans and all leases,’’ that are past due

30 days or more or are in nonaccrual status as of the

report date. Include in the appropriate column of this item

covered loans in the following categories that are past

due 30 days or more or are in nonaccrual status as of the

report date:

(1) Loans to depository institutions and acceptances of

other banks included in Schedule HC-N, item 2;

(2) Loans to finance agricultural production and other

loans to farmers included in Schedule HC-N, item 3;

(3) Commercial and industrial loans included in HC-N,

item 4;

(4) Loans to individuals for household, family, and other

personal expenditures included in Schedule HC-N

item 5(a), 5(b) and 5(c);

(5) Loans to foreign governments and official institutions included in Schedule HC-N, item 6;

(6) Obligations (other than securities and leases) of

states and political subdivisions in the U.S. included

in Schedule HC-N, item 7;

(7) Loans to nondepository financial institutions and

other loans included in Schedule HC-N, item 7; and

(8) Loans secured by real estate in foreign offices

included in Schedule HC-N, item 1(f).

Also include in the appropriate column all covered lease

financing receivables included in Schedule HC-N, item 8,

above that are past due 30 days or more or are in

nonaccrual status as of the report date.

Line Item 12(f) Portion of covered loans and

leases included in items 12.a through 12.e above

that is protected by FDIC loss-sharing agreements.

Report the maximum amount recoverable from the FDIC

under loss-sharing agreements covering the past due and

nonaccrual loans and leases reported in Schedule HC-N,

items 12(a)(1)(a) through 12(e), above beyond the amount

that has already been reflected in the measurement of the

reporting holding company’s indemnification asset, which

represents the right to receive payments from the FDIC

under the loss-sharing agreement.

In general, the maximum amount recoverable from the

FDIC on covered past due and nonaccrual loans and

leases is the recorded amount of these loans and leases, as

reported in Schedule HC-N, items 12(a)(1)(a) through

12(e), multiplied by the currently applicable loss coverage rate (e.g., 80 percent or 95 percent). This product will

normally be the maximum amount recoverable because

reimbursements from the FDIC for covered losses related

to the amount by which the ‘‘book value’’ of a covered

asset on the failed institution’s books (which is the

amount upon which payments under an FDIC losssharing agreement are based) exceeds the amount at

which the reporting holding company reports the covered

asset on Schedule HC, Balance Sheet, should already

have been taken into account in measuring the carrying

amount of the reporting holding company’s loss-sharing

indemnification asset, which is reported in Schedule

HC-F, item 6, “Other” assets.

Memoranda

Line Item M1 Loans restructured in troubled debt

restructurings included in Schedule HC-N, items 1

through 7, above.

Note: HC-N items memo 1(a)(1) through 1(d)(2) and

1(e)(3) through 1(f)(3)(c) are to be completed semiannually in June and December by HCs with less than

$5 billion total assets.

Schedule HC-N

HC-N-10 FR Y-9C

Schedule HC-N June 2013
Report in the appropriate subitem and column loans that

have been restructured in troubled debt restructurings (as

described in ‘‘Definitions’’ above) and are past due 30

days or more or are in nonaccrual status as of the report

date. Such loans will have been included in one or more

of the loan categories in items 1 through 7 of this

schedule. Exclude all loans restructured in troubled debt

restructurings that are in compliance with their modified

terms (report in Schedule HC-C, Memorandum item 1).

For further information, see the Glossary entry for

‘‘troubled debt restructurings.’’

Line Item M1(a) Construction, land development,

and other land loans (in domestic offices):

Line Item M1(a)(1) 1-4 family construction loans.

Report in the appropriate column all loans secured by

real estate for the purpose of constructing 1-4 family

residential properties included in item 1(a)(1) of this

schedule that have been restructured in troubled debt

restructurings and, under their modified repayment terms,

are past due 30 days or more or are in nonaccrual status

as of the report date.

Line Item M1(a)(2) Other construction loans and

all land development and other land loans.

Report in the appropriate column all construction loans

for purposes other than constructing 1-4 family residential properties, all land development loans, and all other

land loans included in item 1(a)(2) of this schedule that

have been restructured in troubled debt restructurings

and, under their modified repayment terms, are past due

30 days or more or are in nonaccrual status as of the

report date.

Line Item M1(b) Loans secured by 1-4 family

residential properties (in domestic offices).

Report in the appropriate column all loans secured by 1-4

family residential properties (in domestic offices) included

in item 1(c) of this schedule that have been restructured

in troubled debt restructurings and, under their modified

repayment terms, are past due 30 days or more or are in

nonaccrual status as of the report date.

Line Item M1(c) Loans secured by multifamily (5

or more) residential properties (in domestic offices).

Report in the appropriate column all loans secured by

multifamily (5 or more) residential properties (in domestic offices) included in item 1(d) of this schedule that

have been restructured in troubled debt restructurings

and, under their modified repayment terms, are past due

30 days or more or are in nonaccrual status as of the

report date.

Line Item M1(d) Secured by nonfarm

nonresidential properties (in domestic offices)

Line Item M1(d)(1)) Loans secured by

owner-occupied nonfarm nonresidential properties.

Report in the appropriate column all loans secured by

owner-occupied nonfarm nonresidential properties

included in item 1(e)(1) of this schedule that have been

restructured in troubled debt restructurings and, under

their modified repayment terms, are past due 30 days or

more or are in nonaccrual status as of the report date.

Line Item M1(d)(2) Loans secured by other

nonfarm nonresidential properties.

Report in the appropriate column all nonfarm nonresidential real estate loans not secured by owner-occupied

nonfarm nonresidential properties included in item 1(e)(2)

of this schedule that have been restructured in troubled

debt restructurings and, under their modified repayment

terms, are past due 30 days or more or are in nonaccrual

status as of the report date.

Line Item M1(e) Commercial and industrial loans.

Report all commercial and industrial loans included in

item 4 of this schedule that have been restructured in

troubled debt restructurings and, under their modified

repayment terms, are past due 30 days or more or are in

nonaccrual status as of the report date. Report a breakdown of these restructured loans between those to U.S.

and non-U.S. addressees for the fully consolidated holding company in Memorandum items 1(e)(1) and (2).

Line Item M1(e)(1) To U.S. addressees (domicile).

Note: Items M1(e)(1) and M1(e)(2) are to be completed

by holding companies with $5 billion or more in total

assets. Item M1(e)(3) is to be reported by holding

companies with less than $5 billion in total assets.

Report in the appropriate column all commercial and

industrial loans to U.S. addressees included in item 4 of

this schedule that have been restructured in troubled debt

restructurings and, under their modified repayment terms,

Schedule HC-N

FR Y-9C HC-N-11

Schedule HC-N December 2019
are past due 30 days or more or are in nonaccrual status

as of the report date.

Line Item M1(e)(2) To non-U.S. addressees

(domicile).

Report in the appropriate column all commercial and

industrial loans to non-U.S. addressees included in item 4

of this schedule that have been restructured in troubled

debt restructurings and, under their modified repayment

terms, are past due 30 days or more or are in nonaccrual

status as of the report date.

Line Item M1(e)(3) To U.S. addresses and non-U.S.

addresses (domicile).

Report in the appropriate column all commercial and

industrial loans to U.S. addresses and non U.S. addresses

included in item 4 of this schedule that have been

restructured in troubled debt restructurings and, under

their modified repayment terms, are past due 30 days or

more or are in nonaccrual status as of the report date.

Line Item M1(f) All other loans.

Report in the appropriate column all other loans that

cannot properly be reported in Memorandum items 1(a)

through 1(e) above that have been restructured in troubled

debt restructurings and, under their modified repayment

terms, are past due 30 days or more or are in nonaccrual

status as of the report date. Include in the appropriate

column of this item all loans in the following categories

that have been restructured in troubled debt restructurings and, under their modified repayment terms, are past

due 30 days or more or are in nonaccrual status as of the

report date:

(1) Loans secured by farmland (in domestic offices)

included in Schedule HC-N, item 1.b;

(2) Loans to depository institutions and acceptances of

other banks included in Schedule HC-N, item 2;

(3) Loans to finance agricultural production and other

loans to farmers included in Schedule HC-N,

item 3;

(4) Consumer credit cards included in Schedule HC-N,

item 5(a);

(5) Consumer automobile loans included in Schedule

HC-N, item 5(b);

(6) Other consumer loans included in Schedule HC-N,

items 5(c);

(7) Loans to foreign governments and official institutions included in Schedule HC-N, item 6;

(8) Obligations (other than securities and leases) of

states and political subdivisions in the U.S. included

in Schedule HC-N, item 7;

(9) Loans to nondepository financial institutions and

other loans included in Schedule HC-N, item 7; and

(10) Loans secured by real estate in foreign offices

included in Schedule HC-N, item 1(f).

Report in Schedule HC-N, Memorandum items 1(f)(1)

through 1(f)(3), each category of loans within ‘‘All other

loans’’ that have been restructured in troubled debt

restructurings and, under their modified repayment terms,

are past due 30 days or more or are in nonaccrual status

as of the report date, and the dollar amount of loans in

such category, that exceeds 10 percent of total loans

restructured in troubled debt restructurings that are past

due 30 days or more or are in nonaccrual status as of the

report date (i.e., 10 percent of the sum of Schedule

HC-N, Memorandum items 1(a) through 1(e) plus Memorandum item 1(f), columns A through C). Preprinted

captions have been provided in Memorandum items

1(f)(1) through 1(f)(3) for reporting the amount of such

restructured loans for the following loan categories if the

amount for a loan category exceeds this 10 percent

reporting threshold: Loans secured by farmland (in

domestic offices); Loans to finance agricultural production and other loans to farmers; (Consumer) credit cards

and (Consumer) automobile loans; and Other consumer

loans.

Line Item M1(g) Total loans restructured in

troubled debt restructurings inluded in Schedule

HC-N, items 1 through 7 above.

Exclude amounts reported in Memorandum item 1.f(1)

through 1.f(3) when calculating the total in Memorandum item 1.g.

Line Item M2 Loans to finance commercial real

estate, construction, and land development activities

included (not secured by real estate) in

Schedule HC-N, items 4 and 7, above.

Report the amount of loans to finance commercial real

estate, construction, and land development activities not

Schedule HC-N

HC-N-12 FR Y-9C

Schedule HC-N December 2019
secured by real estate that are past due 30 days or more

or are in nonaccrual status as of the report date. Such

loans will have been included in items 4 and 7 of

Schedule HC-N above. Exclude from this item all loans

secured by real estate included in item 1 of Schedule HC-N above. This item corresponds with the amounts

reported in memoranda item 2 of Schedule HC-C.

Line Item M3 Loans and leases included in

Schedule HC-N, items 1, 2, 4, 5, 6, 7, and 8

extended to non-U.S. addressees.

Report the total amount of past due and nonaccrual loans

and leases extended to customers domiciled in a foreign

country.

See the Glossary entry for ‘‘domicile’’ for the definition

of non-U.S. addressee.

Line Item M4 Not applicable.

Line Item M5 Loans and leases held for sale.

Report in the appropriate column the carrying amount of

all loans and leases classified as held for sale included in

Schedule HC, item 4(a), which are reported at the lower

of cost or fair value or at fair value under a fair value

option, that are past due 30 days or more or are in

nonaccrual status as of the report date.

Such loans and leases will have been included in one or

more of the loans and lease categories in items 1 through

8 of Schedule HC-N above and would, therefore, exclude

any loans classified as trading assets and included in

Schedule HC, item 5.

Line Item M6 Derivative contracts: Fair value of

amounts carried as assets.

Report in the appropriate column the fair value of all

credit derivative contracts (as defined for Schedule HC-L,

item 7) and all interest rate, foreign exchange rate, equity,

and commodity and other derivative contracts (as defined

for Schedule HC-L, item 11) on which a required payment by the holding company’s counterparty is past due

30 days or more as of the report date.

Note: Memorandum items 7, 8, 9(a) and 9(b) are to be

completed semiannually in the June and December

reports only.

Line Item M7 Additions to nonaccrual assets

during the previous six months.

Report the aggregate amount of all loans, leases, debt

securities, and other assets (net of unearned income) that

have been placed in nonaccrual status during the six

months ending on the semiannual (i.e., June 30 or

December 31) report date for this item. Include those

assets placed in nonaccrual status during this six month

period that are included as of the current report date in

Schedule HC-N, column C, items 1 through 8 and 10.

Also include those assets placed in nonaccrual status

during this six month period that, before the current

semiannual report date for this item, have been sold, paid

off, charged-off, settled through foreclosure or concession of collateral (or any other disposition of the nonaccrual asset) or have been returned to accrual status. In

other words, the aggregate amount of assets placed in

nonaccrual status since the prior semiannual report date

that should be reported in this item should not be

reduced, for example, by any charge-offs or sales of such

nonaccrual assets. If a given asset is placed in nonaccrual

status more than once during the six month period ending

on the current semiannual report date, report the amount

of the asset only once.

Line Item M8 Nonaccrual assets sold during the

previous six months.

Report the total of the outstanding balances of all loans,

leases, debt securities, and other assets held in nonaccrual

status (i.e., reportable in Schedule HC-N, column C,

items 1 through 9) that were sold during the six months

ending on the semiannual (i.e., June 30 or December 31)

report date for this item. The amount to be included in

this item is the outstanding balance (net of unearned

income) of each nonaccrual asset at the time of its sale.

Do not report the sales price of the nonaccrual assets and

do not include any gains or losses from the sale. For

purposes of this item, only include those transfers of

nonaccrual assets that meet the criteria for a sale as set

Schedule HC-N

FR Y-9C HC-N-13

Schedule HC-N March 2019
forth in ASC Topic 860, Transfers and Servicing (formerly FASB Statement No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities, as amended). For further information,

see the Glossary entry for “Transfers of financial assets.”

Line Item M9 Purchased credit-impaired loans

accounted for in accordance with FASB ASC 310-30

(former AICPA Statement of Position 03-3).

Memorandum items 9(a) and 9(b) should be completed

only by holding companies that have not yet adopted

ASU 2016-13. Holding companies that have adopted

ASU 2016-13 should leave this item blank.

Report in the appropriate subitem and column the outstanding balance and amount of “purchased creditimpaired loans” reported as held for investment in Schedule HC-C, Memorandum items 5(a) and 5(b), respectively,

that are past due 30 days or more or are in nonaccrual

status as of the report date. The amount of such loans will

have been included by loan category in items 1 through 7

of Schedule HC-N, above. Purchased credit-impaired

loans are accounted for in accordance with ASC Subtopic

310-30, Receivables - Loans and Debt Securities Acquired

with Deteriorated Credit Quality (formerly AICPA Statement of Position 03-3, “Accounting for Certain Loans or

Debt Securities Acquired in a Transfer”). Purchased

credit-impaired loans are loans that a holding company

has purchased, including those acquired in a purchase

business combination, where there is evidence of deterioration of credit quality since the origination of the loan

and it is probable, at the purchase date, that the holding

company will be unable to collect all contractually

required payments receivable. Loans held for investment

are those that the institution has the intent and ability to

hold for the foreseeable future or until maturity or payoff.

For guidance on determining the delinquency and nonaccrual status of purchased credit-impaired loans accounted

for individually and purchased credit-impaired loans with

common risk characteristics that are aggregated and

accounted for as a pool, refer to the “Definitions” section

of the Schedule HC-N instructions and the Glossary entry

for “purchased credit-impaired loans and debt securities.”

Line Item M9(a) Outstanding balance.

Report in the appropriate column the outstanding balance

of all purchased credit-impaired loans reported as held

for investment in Schedule HC-C, Memorandum item

5(a), that are past due 30 days or more or are in

nonaccrual status as of the report date. The outstanding

balance is the undiscounted sum of all amounts, including amounts deemed principal, interest, fees, penalties,

and other under the loan, owed to the holding company at

the report date, whether or not currently due and whether

or not any such amounts have been charged off by the

holding company. However, the outstanding balance does

not include amounts that would be accrued under the

contract as interest, fees, penalties, and other after the

report date.

Line Item M9(b) Amount included in Schedule

HC-N, items 1 through 7, above.

Report in the appropriate column the amount of, i.e., the

recorded investment in, all purchased credit-impaired

loans reported as held for investment in Schedule HC-C,

Memorandum item 5(b), that are past due 30 days or

more or are in nonaccrual status as of the report date.

Schedule HC-N

HC-N-14 FR Y-9C

Schedule HC-N December 2016
LINE ITEM INSTRUCTIONS FOR

1–4 Family Residential

Mortgage Banking Activities

Schedule HC-P

General Instructions

Schedule HC-P is to be completed by holding companies

with $5 billion on more in total assets where any of the

following residential mortgage banking activities (in

domestic offices) exceeds $10 million for two consecutive quarters:

(a) Closed-end and open-end first lien and junior lien 1-4

family residential mortgage loan originations and purchases for resale from all sources during a calendar

quarter; or

(b) Closed-end and open-end first lien and junior lien 1-4

family residential mortgage loan sales during a calendar

quarter; or

(c) Closed-end and open-end first lien and junior lien 1-4

family residential mortgage loans held for sale and held

for trading at calendar quarter-end.

For purposes of measuring 1-4 family residential mortgage banking activities and reporting on these activities

in Schedule HC-P, holding companies should include

those 1-4 family residential mortgage loans that would be

reportable as held for sale as well as those that would be

reportable as held for trading.

A holding company must complete Schedule HC-P

beginning the second quarter in which the $10 million

threshold is exceeded and continue to complete the

schedule through the end of the calendar year. Open-end

mortgage banking activities should be measured using

the ’’total commitment under the lines of credit‘‘ as

defined below. For example, if the holding company’s

closed-end and open-end first and junior lien 1-4 family

residential mortgage loan originations and purchases for

resale from all sources exceeded $10 million during the

quarter ended June 30, 2017, and the holding company’s

sales of such loans exceeded $10 million during the

quarter ended September 30, 2017, the holding company

would be required to complete Schedule HC-P in its

September 30 and December 31, 2017, FR Y-9C reports.

The level of the holding companies mortgage banking

activities during the fourth quarter of 2017 and the first

quarter of 2018 would determine whether it would need

to complete Schedule HC-P each quarter during 2018

beginning March 31, 2018.

For purposes of Schedule HC-P, closed-end 1-4 family

residential mortgage loans are defined in Schedule HC-C,

item 1(c)(2), ‘‘Closed-end loans secured by 1-4 family

residential properties.’’ Open-end 1-4 family residential

mortgage loans are defined in Schedule HC-C, item

1(c)(1), ’’Revolving, open-end loans secured by 1-4

family residential properties and extended under lines of

credit.‘‘ These Schedule HC-C definitions also apply to

closed-end and open-end 1-4 family residential mortgage

loans that would be reportable as held for trading in

Schedule HC-D and in Schedule HC, item 5, ‘‘Trading

assets.’’

For purposes of reporting on open-end loans extended

under lines of credit in Schedule HC-P, the ‘‘total commitment under the lines of credit’’ is defined as the total

amount of the lines of credit granted to customers at the

time the open-end credits were originated. For retail and

wholesale originations of such open-end loans, the

’’principal amount funded under the lines of credit‘‘ is

defined as the initial fundings made to customers on

newly established lines of credit. For open-end loans

purchased, sold, held for sale, and repurchased or indemnified, the ‘‘principal amount funded under the lines of

credit’’ is defined as the principal balance outstanding of

loans extended under lines of credit at the transaction

date or at quarter-end, as appropriate.

Line Item 1 Retail originations during the quarter

of 1-4 family residential mortgage loans for sale.

Report the total of:

• The principal amount of retail originations of closedend first lien and junior lien 1-4 family residential

FR Y-9C HC-P-1

Schedule HC-P December 2019
mortgage loans for resale during the calendar quarter

ending on the report date, and

• The total amount of open-end commitments under

retail originations of revolving, open-end lines of credit

secured by 1-4 family residential properties for resale

during the calendar quarter ending on the report date.

Include as retail originations those closed-end and openend 1-4 family residential mortgage loans for which the

origination and underwriting process was handled exclusively by the holding company or a consolidated subsidiary of the holding company. However, if the reporting

holding company is acting merely as a broker or agent

and forwards loan applications and supporting documentation to another party who closes or funds the loans in its

name (even if the reporting holding company has some

involvement in processing and underwriting the loans),

the reporting holding company should not report these

loans as originations or purchases in this schedule.

Exclude closed-end and open-end 1-4 family residential

mortgage loans originated or purchased for the reporting

holding company’s own loan portfolio.

Line Item 2 Wholesale originations and purchases

during the quarter of 1-4 family residential

mortgage loans for sale.

Report the total of:

• The principal amount of wholesale originations and

purchases of closed-end first lien and junior lien 1-4

family residential mortgage loans for resale during the

calendar quarter ending on the report date, and

• The total amount of open-end commitments under

wholesale originations and purchases of revolving,

open-end lines of credit secured by 1-4 family residential mortgage properties for resale during the calendar

quarter ending on the report date.

Include as wholesale originations and purchases those

closed-end and open-end 1-4 family residential mortgage

loans for resale for which the origination and underwriting process was handled in whole or in part by another

party, such as a correspondent or mortgage broker, even

if the loan was closed in the name of the holding

company or a consolidated subsidiary of the holding

company (often referred to as “table funding arrangements”). Also include acquisitions of closed-end and

open-end 1-4 family residential mortgage loans for resale

that were closed in the name of a party other than the

holding company or a consolidated subsidiary of the

holding company. However, if the reporting holding

company is acting merely as a broker or agent and

forwards loan applications and supporting documentation

to another party who closes or funds the loans in its name

(even if the reporting holding company has some involvement in processing and underwriting the loans), the

reporting holding company should not report these loans

as originations or purchases in this schedule.

Exclude closed-end and open-end 1-4 family residential

mortgage loans originated or purchased for the reporting

holding company’s own loan portfolio.

Line Item 3 1-4 family residential mortgage loans

sold during the quarter.

Report the total of:

• The principal amount of closed-end first lien and junior

lien 1-4 family residential mortgage loans sold during

the calendar quarter ending on the report date, and

• The total amount of open-end commitments under

revolving, open-end lines of credit secured by 1-4

family residential mortgage properties sold during the

calendar quarter ending on the report date.

Include transfers of closed-end and open-end 1-4 family

residential mortgage loans originated or purchased for

resale from retail or wholesale sources that have been

accounted for as sales in accordance with ASC Topic

860, Transfers and Servicing (formerly FASB Statement

No. 140, Accounting for Transfers and Servicing of

Financial Assets and Extinguishments of Liabilities, as

amended), i.e., those transfers where the loans are no

longer included in the holding company’s consolidated

total assets. Also include all sales during the quarter of

closed-end and open-end 1-4 family residential mortgage

loans directly from the holding company’s loan portfolio.

For further information, see the Glossary entry for “transfers of financial assets.”

Line Item 4 1-4 family residential mortgage loans

held for sale or trading at quarter-end.

Report the total of:

• The carrying amount of closed-end first lien and junior

lien 1-4 family residential mortgage loans held for sale

or trading as of the quarter-end report date, and

• The total amount of open-end commitments under

revolving, open-end lines of credit secured by 1-4

Schedule HC-P

HC-P-2 FR Y-9C

Schedule HC-P June 2018
family residential properties held for sale or trading as

of the quarter-end report date.

These closed-end loans and the funded amounts under

these revolving, open-end lines of credit are included in

Schedule HC, item 4.a, ‘‘Loans and leases held for sale,’’

and in Schedule HC, item 5, ‘‘Trading assets.’’ Closedend loans held for sale should be reported at the lower of

cost or fair value or at fair value consistent with their

presentation in Schedule HC, item 4.a. Closed-end loans

held for trading should be reported at fair value consistent with their presentation in Schedule HC, item 5.

Closed-end and open-end 1-4 family residential mortgage loans held for sale or trading at quarter-end include

any mortgage loans transferred at any time from the

holding company’s loan portfolio to a held-for-sale

account or a trading account that have not been sold by

quarter-end.

Line Item 5 Noninterest income for the quarter

from the sale, securitization, and servicing of 1-4

family residential mortgage loans.

Report the noninterest income earned during the calendar

quarter ending on the report date from the sale, securitization, and servicing of closed-end 1-4 family residential

mortgage loans and revolving, open-end lines of credit

secured by 1-4 residential properties. Include the portion

of the consolidated holding company’s “Trading revenue,” “Net servicing fees,” “Net securitization income,”

and “Net gains (losses) on sales of loans and leases”

(items 5(c), 5(f), 5(g), and 5(i) of Schedule HI) earned

during the quarter that is attributable to closed-end and

open-end 1-4 family residential mortgage loans.

Line Item 6 Repurchases and indemnifications of

1-4 family residential mortgage loans during the

quarter.

As a result of its 1-4 family residential mortgage banking

activities, a holding company may be obligated to repurchase mortgage loans that it has sold or otherwise

indemnify the loan purchaser against loss because of

borrower defaults, loan defects, other breaches of representations and warranties, or for other reasons.

Report the total of:

• The total principal amount outstanding as of the date of

repurchase or the date of indemnification, as appropriate, of closed-end first lien and junior lien 1-4 family

residential mortgage loans previously sold by the bank

or a consolidated subsidiary subject to an obligation to

repurchase or indemnify that have been repurchased or

indemnified during the calendar quarter ending on the

report date, and

• The total amount of open-end commitments under

revolving, open-end lines of credit secured by 1-4

family residential properties as of the date of repurchase or the date of indemnification, as appropriate,

that have been repurchased or indemnified during the

calendar quarter ending on the report date.

Do not reduce this amount by any third-party indemnifications or reimbursements that the holding company has

received.

Repurchased 1-4 family residential mortgage loans

include loans that the holding company (or a consolidated subsidiary) had sold but subsequently repurchased

under repurchase obligation provisions of the sales agreement because of a delinquency, noncompliance with the

sellers’ representations and warranties, fraud or misrepresentation, or any other contractual requirement. Exclude

1-4 family residential mortgage loans that have been

repurchased solely at the discretion of the holding company (such as delinquent mortgage loans backing GNMA

mortgage-backed securities), i.e., where the sales agreement contains a repurchase option (which may be conditional), but not a repurchase obligation.

Indemnifications of 1-4 family residential mortgage loans

are limited to reimbursements to loan purchasers or other

third parties for credit losses on loans that the holding

company (or a consolidated subsidiary) has sold. Include

reimbursements made on loans where the holding company has agreed with the purchaser or other third party

not to repurchase the loan as required under the sales

agreement, but rather to guarantee that no credit loss is

sustained. Indemnifications also include loans for which

payments have been made by the holding company (or a

consolidated subsidiary) to purchasers or other third

parties as reimbursements for deficiency balances arising

from sales of real estate collateral (whether or not

foreclosed) on loans that the holding company (or a

consolidated subsidiary) has sold. Exclude indemnification arrangements that are limited to reimbursements of

legal fees or administrative costs.

Line Item 7 Representation and warranty reserves

for 1-4 family residential mortgage loans sold.

When an institution sells or securitizes mortgage loans, it

typically makes certain representations and warranties to

Schedule HC-P

FR Y-9C HC-P-3

Schedule HC-P June 2018
the investors or other purchasers of the loans at the time

of the sale and to financial guarantors of the loans sold.

The specific representations and warranties may relate to

the ownership of the loan, the validity of the lien securing

the loan, and the loan’s compliance with specified underwriting standards. Under ASC Subtopic 450-20, Contingencies - Loss Contingencies (formerly FASB Statement

No. 5, “Accounting for Contingencies”), an institution is

required to accrue loss contingencies relating to the

representations and warranties made in connection with

their mortgage securitization activities and mortgage loan

sales when it is probable that a loss has been incurred and

the amount of the loss can be reasonably estimated.

Report in the appropriate subitem the amount of representation and warranty reserves included in Schedule HC-G,

“Other liabilities,” that the institution maintains for 1-4

family residential mortgage loans sold, including those

mortgage loans transferred in securitizations accounted

for as sales.

Amounts reported in Schedule HC-P, items 7(a) and 7(b),

will not be made available to the public on an individual

institution basis. Amounts reported in Schedule HC-P,

item 7(c), will be publicly available.

Line Item 7(a) For representations and warranties

made to U.S. Government agencies and

Government-sponsored agencies.

Report the amount of reserves that the institution maintains for representations and warranties made to U.S.

Government agencies and Government-sponsored agencies in connection with sales of 1-4 family residential

mortgage loans, including mortgage loans transferred in

securitizations accounted for as sales.

U.S. Government agencies and Government-sponsored

agencies include, but are not limited to, such agencies as

the Government National Mortgage Association

(GNMA), the Federal Home Loan Mortgage Corporation

(FHLMC), and the Federal National Mortgage Association (FNMA).

Line Item 7(b) For representations and warranties

made to other parties.

Report the amount of reserves that the institution maintains for representations and warranties made to parties

other than U.S. Government agencies and Governmentsponsored agencies in connection with sales of 1-4

family residential mortgage loans, including mortgage

loans transferred in securitizations accounted for as sales.

Line Item 7(c) Total representation and warranty

reserves.

Report the sum of items 7(a) and 7(b).

Schedule HC-P

HC-P-4 FR Y-9C

Schedule HC-P December 2013
LINE ITEM INSTRUCTIONS FOR

Assets and Liabilities Measured at

Fair Value on a Recurring Basis

Schedule HC-Q

General Instructions

Schedule HC-Q is required to be completed only by

holding companies with $5 billion on more in total assets

that:

(1) Have elected to report financial instruments or servicing assets and liabilities at fair value under a fair

value option with changes in fair value recognized in

earnings or

(2) Are required to complete Schedule HC-D, Trading

Assets and Liabilities, i.e., reported total trading

assets of $10 million or more in any of the four

preceding calendar quarters.

Your holding company is not required to complete Schedule HC-Q if the only financial instruments that your

holding company measures at fair value in the financial

statements on a recurring basis are:

(1) Available-for-sale debt securities (reported in Schedule HC, item 2.b), and

(2) Equity securities with readily determinable fair values not held for trading (reported in Schedule HC,

item 2.c), and

(3) Equity securities and other equity investments that do

not have readily determinable fair values that your

holding company measures at fair value (i.e., equity

securities and other equity investments that do not

have readily determinable values that your holding

company has not elected to measure at cost minus

impairment, if any, plus or minus changes resulting

from observable price changes in orderly transactions

for the identical or a similar investment of the same

issuer) (reported in Schedule HC, item 9, or Schedule HC-F, item 4, as appropriate).

A holding company that is required to complete Schedule HC-Q should report all assets and liabilities that are

measured at fair value in the financial statements on a

recurring basis. Exclude from Schedule HC-Q those

assets and liabilities that are measured at fair value on a

nonrecurring basis. Recurring fair value measurement of

assets or liabilities are those fair value measurements that

applicable accounting standards and these instructions

require or permit in the balance sheet at the end of each

reporting period. In contrast, nonrecurring fair value

measurements of asset or liabilities are those fair value

measurements that applicable accounting standards and

these instructions require or permit in the balance sheet in

particular circumstances (for example, when an institution subsequently measures foreclosed real estate at the

lower of cost or fair value less estimated costs to sell).

Column Instructions

Column A, Total Fair Value Reported on Schedule HC

Report in Column A the total fair value, as defined by

ASC Topic 820, Fair Value Measurements, of those

assets and liabilities reported on Schedule HC, Balance

Sheet, that the holding company reports at fair value on a

recurring basis.

Columns B through E, Fair Value Measurements and

Netting Adjustments

For items reported in Column A, report in Columns C, D,

and E the fair value amounts which fall in their entirety in

Levels 1, 2, and 3, respectively. The level in the fair value

hierarchy within which a fair value measurement in its

entirety falls should be determined based on the lowest

level input that is significant to the fair value measurement in its entirety. Thus, for example, if the fair value of

an asset or liability has elements of both Level 2 and

Level 3 measurement inputs, report the entire fair value

of the asset or liability in Column D or Column E based

on the lowest level measurement input with the most

significance to the fair value of the asset or liability in its

entirety as described in ASC Topic 820. For assets and

liabilities that the holding company has netted under

FR Y-9C HC-Q-1

Schedule HC-Q December 2020
legally enforceable master netting agreements in accordance with ASC Subtopic 210-20, Balance Sheet–

Offsetting, report the gross amounts in Columns C, D,

and E and the related netting adjustment in Column B.

For more information on Level 1, 2, and 3 measurement

inputs, see the Glossary entry for “fair value.”

ASC Topic 820 permits a holding company, as a practical

expedient, to measure the fair value of investments in

investment companies and real estate funds that meet

criteria specified in this topic using the investment’s net

asset value (NAV) per share (or its equivalent). When a

holding company has elected to measure the fair value of

such an investment using the NAV per share practical

expedient and the fair value is measured on a recurring

basis, the holding company should report the investment’s fair value in column A of the appropriate asset

item of Schedule HC-Q. However, the holding company

should exclude the investment from the Level 1, 2, and 3

disclosures in columns C, D, and E of Schedule HC-Q.1

Instead, the holding company should report the fair value

measured using the NAV per share practical expedient in

column B along with the netting adjustments reported in

column B. In contrast, for an investment measured at fair

value on a recurring basis that meets the criteria specified

in Topic 820, if the holding company does not elect to

measure fair value using the NAV per share practical

expedient, it should report the investment’s fair value in

column A of Schedule HC-Q and disclose this fair value

in column C, D, or E, as appropriate, based on the lowest

level input that is significant to the fair value measurement in its entirety.

Item Instructions

For each item in Schedule HC-Q, the sum of columns C,

D, and E less column B must equal column A.

Line Item 1 Available-for-sale debt securities and

equity securities with readily determinable fair

values not held for trading purposes.

Report in column A the sum of Schedule HC, items 2(b)

and 2(c).

Report in columns B through E, as appropriate, the fair

values of the debt and equity securities reported in

column A determined using Level 1, Level 2, and Level 3

measurement inputs and any netting adjustments.

Line Item 2 Federal funds sold and securities

purchased under agreements to resell.

Report in the appropriate column the total fair value of

those federal funds sold and securities purchased under

agreements to resell reported in Schedule HC, items 3.a

and 3.b, that the holding company has elected to report

under the fair value option; the fair values determined

using Level 1, Level 2, and Level 3 measurement inputs;

and any netting adjustments.

Line Item 3 Loans and leases held for sale.

Report in the appropriate column the total fair value of

those loans held for sale reported in Schedule HC-C, that

the holding company has elected to report under the fair

value option; the fair values determined using Level 1,

Level 2, and Level 3 measurement inputs; and any

netting adjustments. Loans held for sale that the holding

company has elected to report under the fair value option

are included in Schedule HC-C and Schedule HC, item

4(a). Exclude loans held for sale that are reported at the

lower of cost or fair value in Schedule HC, item 4(a), and

loans that have been reported as trading assets in Schedule HC, item 5. Leases are generally not eligible for the

fair value option.

Line Item 4 Loans and leases held for investment.

Report in the appropriate column the total fair value of

those loans held for investment reported in Schedule

HC-C that the holding company has elected to report

under the fair value option; the fair values determined

using Level 1, Level 2, and Level 3 measurement inputs;

and any netting adjustments. Loans held for investment

that the holding company has elected to report under the

fair value option are included in Schedule HC-C and

Schedule HC, item 4(b). Leases are generally not eligible

for the fair value option.

Line Item 5 Trading assets:

Line Item 5(a) Derivative assets.

Report in the appropriate column the total fair value of

derivative assets held for trading purposes as reported in

Schedule HC, item 5; the fair values determined using

1. Refer to Accounting Standards Update (ASU) No. 2015-07, “Disclosures for Investments in Certain Entities That Calculate Net Asset Value

per Share (or Its Equivalent),” which removes the requirement to categorize within the fair value hierarchy all investments for which fair value is

measured using the NAV per share (or its equivalent) practical expedient

described in ASC Topic 820.

Schedule HC-Q

HC-Q-2 FR Y-9C

Schedule HC-Q December 2020
Level 1, Level 2, and Level 3 measurement inputs; and

any netting adjustments.

Line Item 5(b) Other trading assets.

Report in the appropriate column the total fair value of all

trading assets, except for derivatives, as reported in

Schedule HC, item 5; the fair values determined using

Level 1, Level 2, and Level 3 measurement inputs,

including the fair values of loans that have been reported

as trading assets; and any netting adjustments.

Line Item 5(b)(1) Nontrading securities at fair

value with changes in fair value reported in current

earnings.

Report in the appropriate column the total fair value of

those securities the holding company has elected to

report under the fair value option that is included in

Schedule HC-Q, item 5(b) above; the fair values determined using Level 1, Level 2, and Level 3 measurement

inputs; and any netting adjustments. For purposes of the

Consolidated Financial Statements for Holding Companies, all debt securities within the scope of ASC Topic

320, Investments-Debt Securities, that a holding company has elected to report at fair value under a fair value

option should be classified as trading securities.

Line Item 6 All other assets.

Report in the appropriate column the total fair value of all

other assets that are required to be measured at fair value

on a recurring basis or that the holding company has

elected to report under the fair value option that is

included in Schedule HC, Balance Sheet, and is not

reported in Schedule HC-Q, items 1 through 5 above; the

fair values determined using Level 1, Level 2, and Level

3 measurement inputs; and any netting adjustments.

Include derivative assets held for purposes other than

trading, interest-only strips receivable (not in the form of

a security) held for purposes other than trading, servicing

assets measured at fair value under fair value option, and

other categories of assets measured at fair value on the

balance sheet on a recurring basis under applicable

accounting standards.

Exclude servicing assets initially measured at fair value,

but subsequently measured using the amortization method,

and other real estate owned (which are subject to fair

value measurement on a nonrecurring basis).

Line Item 7 Total assets measured at fair value on

a recurring basis.

Report the sum of items 1 through 5(b) plus item 6.

Line Item 8 Deposits.

Report in the appropriate column the total fair value of

those deposits reported in Schedule HC, items 13(a) and

13(b), that the holding company has elected to report

under the fair value option; the fair values determined

using Level 1, Level 2, and Level 3 measurement inputs;

and any netting adjustments. Deposits withdrawable on

demand (e.g., demand and savings deposits in domestic

offices) are generally not eligible for the fair value option.

Line Item 9 Federal funds purchased and

securities sold under agreements to repurchase.

Report in the appropriate column the total fair value of

those federal funds purchased and securities sold under

agreements to repurchase reported in Schedule HC, items

14(a) and 14(b), that the holding company has elected to

report under the fair value option; the fair values determined using Level 1, Level 2, and Level 3 measurement

inputs; and any netting adjustments.

Line Item 10 Trading liabilities:

Line Item 10(a) Derivative liabilities.

Report in the appropriate column the total fair value of

derivative liabilities held for trading purposes as reported

in Schedule HC, item 15; the fair values determined

using Level 1, Level 2, and Level 3 measurement inputs;

and any netting adjustments.

Line Item 10(b) Other trading liabilities.

Report in the appropriate column the total fair value of

trading liabilities, except for derivatives, as reported in

Schedule HC, item 15; the fair values determined using

Level 1, Level 2, and Level 3 measurement inputs; and

any netting adjustments.

Line Item 11 Other borrowed money.

Report in the appropriate column the total fair value of

those Federal Home Loan Bank advances and other

borrowings reported in Schedule HC, item 16, that the

holding company has elected to report under the fair

value option; the fair values determined using Level 1,

Level 2, and Level 3 measurement inputs; and any

netting adjustments.

Schedule HC-Q

FR Y-9C HC-Q-3

Schedule HC-Q June 2020
Line Item 12 Subordinated notes and debentures.

Report in the appropriate column the total fair value of

those subordinated notes and debentures (including mandatory convertible debt) reported in Schedule HC, item

19, that the holding company has elected to report under

the fair value option; the fair values determined using

Level 1, Level 2, and Level 3 measurement inputs; and

any netting adjustments.

Line Item 13 All other liabilities.

Report in the appropriate column the total fair value of all

other liabilities that are required to be measured at fair

value on a recurring basis or that the holding company

has elected to report under the fair value option that is

included in Schedule HC, Balance Sheet, and is not

reported in Schedule HC-Q, items 8 through 12 above;

the fair values determined using Level 1, Level 2, and

Level 3 measurement inputs; and any netting adjustments.

Include derivative liabilities held for purposes other than

trading, servicing liabilities measured at fair value under

a fair value option, and other categories of liabilities

measured at fair value on the balance sheet on a recurring

basis under applicable accounting standards.

Exclude servicing liabilities initially measured at fair

value, but subsequently measured using the amortization

method (which are subject to fair value measurement on

a nonrecurring basis).

Line Item 14 Total liabilities measured at fair

value on a recurring basis.

Report the sum of items 8 through 13.

Memoranda

Line Item M1 All other assets.

Disclose in Memorandum items 1(a) through 1(f) each

component of all other assets, and the dollar amount of

such component, that is greater than $100,000 and

exceeds 25 percent of the amount reported in Schedule

HC-Q, item 6, column A. For each component of all

other assets that exceeds this disclosure threshold for

which a preprinted caption has not been provided in

Memorandum items 1(a) and 1(b), describe the component with a clear but concise caption in Memorandum

items 1(c) through 1(f). These descriptions should not

exceed 50 characters in length (including spacing between

words).

Preprinted captions have been provided for the following

categories of all other assets:

• Memorandum item 1(a), “Mortgage servicing assets,”

and

• Memorandum item 1(b), “Nontrading derivative assets.”

Line Item M2 All other liabilities.

Disclose in Memorandum items 2(a) through 2(f) each

component of all other liabilities, and the dollar amount

of such component, that is greater than $100,000 and

exceeds 25 percent of the amount reported in Schedule

HC-Q, item 13, column A. For each component of all

other liabilities that exceeds this disclosure threshold for

which a preprinted caption has not been provided in

Memorandum items 2(a) and 2(b), describe the component with a clear but concise caption in Memorandum

items 2(c) through 2(f). These descriptions should not

exceed 50 characters in length (including spacing between

words).

Preprinted captions have been provided for the following

categories of all other liabilities:

• Memorandum item 2(a), “Loan commitments (not

accounted for as derivatives),” and

• Memorandum item 2(b), “Nontrading derivative

liabilities.”

Note: Memorandum items 3 and 4 are to be completed by

holding companies that have elected to measure loans

included in HC-C at Fair Value under a Fair Value

option.

Line Item M3 Loans measured at fair value.

Report in the appropriate subitem the total fair value of

all loans measured at fair value under a fair value option

and included in Schedule HC-C, regardless of whether

the loans are held for sale or held for investment.

Line Item M3(a) Loans secured by real estate.

Report the total fair value of loans secured by real estate

included in Schedule HC-C, item 1, measured at fair

value under a fair value option.

Schedule HC-Q

HC-Q-4 FR Y-9C

Schedule HC-Q March 2017
Line Item M3(a)(1) Secured by 1–4 family

residential properties.

Report the total fair value of all open-end and closed-end

loans secured by 1–4 family residential properties (as

defined for Schedule HC-C, item 1(c)) (in domestic

offices) included in Schedule HC-C, item 1, measured at

fair value under a fair value option.

Line Item M3(a)(2) All other loans secured by real

estate.

Report the total fair value of all other loans secured by

real estate (as defined for Schedule HC-C, items 1(a),

1(b), 1(d), and 1(e) included in Schedule HC-C, item 1,

measured at fair value under a fair value option.

Line Item M3(b) Commercial and industrial loans.

Report the total fair value of commercial and industrial

loans included in Schedule HC-C, item 4, measured at

the fair value under a fair value option.

Line Item M3(c) Loans to individuals for

household, family, and other personal expenditures.

Report the total fair value of all loans to individuals for

household, family, and other personal expenditures

(included in Schedule HC-C, items 6(a) through 6(d))

measured at fair value under a fair value option.

Line Item M3(d) Other loans.

Report the total fair value of all other loans measured at

fair value under a fair value option that cannot properly

be reported in one of the preceding subitems of this

Memorandum item 3. Such loans include “Loans to

depository institutions and acceptances of other banks,”

“Loans to finance agricultural production and other loans

to farmers,” “Loans to foreign governments and official

institutions,” “Obligations (other than securities and

leases) of states and political subdivisions in the U.S.,”

and “Other loans” (as defined for Schedule HC-C,

items 2, 3, 7, and 9).

Line Item M4 Unpaid principal balance of loans

measured at fair value (reported in HC-Q

Memorandum item 3).

Report in the appropriate subitem the total unpaid principal balance outstanding for all loans measured at fair

value reported in Schedule HC-Q, Memorandum item 3.

Line Item M4(a) Loans secured by real estate.

Report the total unpaid principal balance outstanding for

all loans secured by real estate reported in Schedule

HC-Q, Memorandum items 3(a)(1) and 3(a)(2) .

Line Item M4(a)(1) Secured by 1–4 family

residential properties.

Report the total unpaid principal balance outstanding for

all loans secured by 1–4 family residential properties

reported in Schedule HC-Q, Memorandum item 3(a)(1).

Line Item M4(a)(2) All other loans secured by real

estate.

Report the total unpaid principal balance outstanding for

all other loans secured by real estate reported in Schedule

HC-Q, Memorandum Item 3(a)(2).

Line Item M4(b) Commercial and industrial loans.

Report the total unpaid principal balance outstanding for

all commercial and industrial loans reported in Schedule

HC-Q, Memorandum item 3(b).

Line Item M4(c) Loans to individuals for

household, family, and other personal expenditures.

Report the total unpaid principal balance outstanding for

all loans to individuals for household, family, and other

personal expenditures reported in Schedule HC-Q, Memorandum item 3(c).

Line Item M4(d) Other loans.

Report the total unpaid principal balance outstanding for

all loans reported in Schedule HC-Q, Memorandum item

3(d). Such loans include “Loans to depository institutions

and acceptances of other banks,” “Loans to finance

agricultural production and other loans to farmers,”

“Loans to foreign governments and official institutions,”

“Obligations (other than securities and leases) of states

and political subdivisions in the U.S.,” and “Other loans”

(as defined for Schedule HC-C, items 2, 3, 7, 8, and 9).

Schedule HC-Q

FR Y-9C HC-Q-5

Schedule HC-Q June 2018
LINE ITEM INSTRUCTIONS FOR

Regulatory Capital

Schedule HC-R

General Instructions for HC-R

The instructions for Schedule HC-R, Parts I and II,

should be read in conjunction with the revised regulatory

capital rules issued by the Board on July 2, 2013. 12 CFR

Part 217.

Schedule HC-R, Part I Regulatory Capital

Components and Ratios

General Instructions for Part I

Schedule HC-R, part I, has two columns for items 11

through 19. Items 11 through 19 in column A is to be

completed by non-advanced approaches holding companies (including holding companies subject to Category III

capital standards1

) and and items 11 through 19 in

column B are to be completed by advanced approaches

holding companies.2

Community Bank Leverage Ratio (CBLR)

Framework:

Opt-in to the CBLR framework

A qualifying holding company may opt in to use the

CBLR framework. Qualifying holding companies opt

into and out of the CBLR framework through their

FR Y-9C. A qualifying holding company that opts into

the CBLR framework (electing holding company) must

complete Schedule HC-R, Part I, items 1 through 36, and

can make that election on Schedule HC-R, Part I,

item 31.a. A qualifying holding company can opt out of

the CBLR framework by completing Schedule HC-R,

Part I and Part II, excluding Schedule HC-R, Part I,

items 32 through 36. However, the Board may disallow

an otherwise qualifying holding company use of the

CBLR framework based on the Board’s evaluation of the

risk profile of the holding company.

On April 23, 2020, the federal banking agencies published two interim final rules to provide temporary relief

to community banking organizations with respect to the

CBLR framework, and the final rule became effective

November 9, 2020, with no changes to the interim final

rules. The final rule provides community banking organizations with a clear and gradual transition, by January 1,

2022, back to the greater than 9 percent leverage ratio

qualifying criterion previously established by the agencies. The other qualifying criteria in the CBLR framework have not been modified by the final rule.

A qualifying holding company with a leverage ratio that

exceeds the applicable leverage ratio requirement and

opts into the CBLR framework shall be considered to

have met: (i) the generally applicable risk-based and

leverage capital requirements in the agencies’ capital

rules; (ii) the capital ratio requirements to be considered

1. Category III holding company include institutions, which are not

advanced approaches holding companies, that have (1) at least $250 billion

in average total consolidated assets or (2) at least $100 billion in average

total consolidated assets and at least $75 billion in average total nonbank

assets, average weighted short-term wholesale funding; or average offbalance sheet exposure.

2. A holding company that is subject to the advanced approaches capital

rule (i.e., an advanced approaches institution as defined in the Board’s

capital rules) is (i) global systemically important bank holding company, as

identified pursuant to 12 CFR 217.402; (ii) a Category II institution; (iii) is

a subsidiary of a holding company that uses the advanced approaches

pursuant to 12 CFR part 217 (Board) to calculate its risk-based capital

requirements; or (iv) a holding company that elects to use the advanced

approaches to calculate its risk-based capital requirements.

Category II institutions include institutions with (1) at least $700 billion

in total consolidated assets or (2) at least $75 billion in cross-jurisdictional

activity and at least $100 billion in total consolidated assets. In addition,

depository institution subsidiaries of Category II institutions are considered Category II institutions.

FR Y-9C HC-R-1

Schedule HC-R March 2021
well capitalized under the Board’s prompt corrective

action (PCA) framework; and (iii) any other applicable

capital or leverage requirements.3

Transition Provisions — Under the provisions of the

transition interim final rule, a holding company may

qualify for the CBLR framework if its leverage ratio is

greater than 8.5 percent in calendar year 2021, and

greater than 9 percent in calendar year 2022 and thereafter, and it meets the qualifying criteria: it has less than

$10 billion in total consolidated assets (Schedule HC-R,

Part I, item 32); is not part of an advanced approaches

banking organization; has total trading assets and trading

liabilities of 5 percent or less of total consolidated assets

(Schedule HC-R, Part I, item 33); and has total offbalance sheet exposures (excluding derivatives other than

sold credit derivatives and unconditionally cancelable

commitments) of 25 percent or less of total consolidated

assets (Schedule HC-R, Part I, item 34). Also, the

two-quarter grace period for a qualifying holding company will take into account the graduated increase in the

community bank leverage ratio requirement qualifying

criterion. In order to maintain eligibility for the CBLR

framework during the transition period, a holding company’s leverage ratio cannot fall more than one percentage point below the community bank leverage ratio

requirement qualifying criterion.

Table 1 – Schedule of Community Bank Leverage

Ratio Requirements

Calendar

Year

Community

Bank

Leverage Ratio

(percent)

Minimum Leverage

Ratio under the

Applicable Grace

Period (percent)

2021 >8.5 >7.5

2022 >9.0 >8.0

Community Bank Leverage Ratio (CBLR) Framework in

Calendar Year 2022 and Thereafter

In general, a holding company may qualify for the CBLR

framework if its leverage ratio is greater than 9 percent

(as reported in Schedule HC-R, Part I, item 31); it has

less than $10 billion in total consolidated assets (Schedule HC-R, Part I, item 32); is not an advanced approaches

holding company; has total trading assets and trading

liabilities of 5 percent or less of total consolidated assets

(Schedule HC-R, Part I, item 33); and has total offbalance sheet exposures (excluding derivatives other than

sold credit derivatives and unconditionally cancelable

commitments) of 25 percent or less of total consolidated

assets (Schedule HC-R, Part I, item 34).

Ceasing to Meet the Leverage Ratio Requirement under

the CBLR Framework or Failing to Meet any of the

Other CBLR Qualifying Criteria

A qualifying holding company that temporarily fails to

meet any of the qualifying criteria, including the applicable leverage ratio requirement, generally would still be

deemed well-capitalized so long as the holding company

maintains a leverage ratio that does not fall more than

one percentage point below the leverage ratio requirement during the two-quarter grace period. At the end of

the grace period (see below for an example), the holding

company must meet all qualifying criteria to remain in

the CBLR framework or otherwise must apply and report

under the generally applicable rule. Similarly, a holding

company with a leverage ratio that does not fall more

than one percentage point below the leverage ratio

requirement during the two-quarter grace period is not

eligible for the grace period and must comply with the

generally applicable rule, by completing all of Schedule HC-R, Parts I and II, as applicable, excluding HC-R,

Part I, items 32 through 36.

Under the CBLR framework, the grace period will begin

as of the end of the calendar quarter in which the CBLR

electing holding company ceases to satisfy any of the

qualifying criteria and has a maximum period of two

consecutive calendar quarters. For example, if the CBLR

electing holding company had met all of the qualifying

criteria as of March 31, 2020, but no longer meets one of

the qualifying criteria as of May 15, 2020, and still does

not meet the criteria as of the end of that quarter, the

grace period for such a holding company will begin as of

the end of the quarter ending June 30, 2020. The holding

company may continue to use the CBLR framework as of

September 30, 2020, but will need to comply fully with

the generally applicable capital rule (including the associated reporting requirements) as of December 31, 2020,

unless the holding company once again meets all qualifying criteria of the CBLR framework, including the leverage ratio, had met all of the qualifying criteria as of

3. 12 CFR 217 (Board). March 31, 2020, but before that time.

Schedule HC-R

HC-R-2 FR Y-9C

Schedule HC-R March 2021
If a CBLR electing holding company is in the grace

period when the required community bank leverage ratio

increases, the holding company would be subject, as of

the date of that change, to both the higher community

bank leverage ratio requirement and higher grace period

leverage ratio requirement. For example, if a CBLR

electing holding company that had met all of the qualifying criteria as of September 30, 2020, has a 7.2 percent

community bank leverage ratio (but meets all of the other

qualifying criteria) as of December 31, 2020, the grace

period for such an holding company will begin as of the

end of the fourth quarter of 2020. The holding company

may continue to use the CBLR framework as of March 31,

2021, if the holding company has a leverage ratio of

greater than 7.5 percent, and will need to comply fully

with the generally applicable capital rule (including the

associated Schedule HC-R reporting requirements) as of

June 30, 2021, unless the holding company has a leverage ratio of greater than 8.5 percent (and meets all of the

other qualifying criteria) by that date. In this example, if

the holding company has a leverage ratio equal to or less

than 7.5 percent as of March 31, 2021, it would not be

eligible to use the CBLR framework and would be

subject immediately to the requirements of the generally

applicable capital rule.

3-Year and 5-Year 2020 CECL Transition Provisions

In 2019, the federal banking agencies issued a final rule

that, among other provisions, revised the agencies’ regulatory capital rule and included a transition option that

allows holding companies to phase in over a 3-year

transition period the day-one effects of adopting the

current expected credit losses methodology (CECL) on

their regulatory capital ratios (2019 CECL rule).

In 2020, the agencies issued a final rule that provides

holding companies that implement CECL during the

2020 calendar year the option to delay for two years an

estimate of CECL’s effect on regulatory capital, relative

to the incurred loss methodology’s effect on regulatory

capital, followed by a 3-year transition period, thereby

resulting in a 5-year transition period (2020 CECL rule).

Eligibility for, and Transition Period under, the 3-Year

CECL Transition

A holding company is eligible to use the 3-Year CECL

transition provision if it experiences a reduction in

retained earnings due to CECL adoption as of the beginning of the fiscal year in which the holding company

adopts CECL. The transition period under the 3-year

CECL transition provision means the three-year period

beginning the first day of the fiscal year in which a

holding company adopts CECL and reflects CECL in its

first FR Y-9C filed after that date.

A holding company that is eligible to use the 3-year

CECL transition provision may elect to phase in the

regulatory capital impact of adopting CECL over a

3-year transition period (a 3-year CECL electing holding

company). A 3-year CECL electing holding company is

required to begin applying the 3-year CECL transition

provision as of the electing holding company’s CECL

adoption date. A 3-year CECL electing holding company

must indicate in Schedule HC-R, Part I, item 2.a, its

election to use the 3-year CECL transition provision and

must report the transitional amounts, as defined below

and as applicable, in the affected items of Schedule HC-R, adjusted for the transition provisions, beginning in the FR Y-9C for the quarter in which the holding

company first reports its credit loss allowances as measured under CECL.

A holding company that does not elect to use the 3-year

CECL transition provision in the FR Y-9C for the quarter

in which it first reports its credit loss allowances as

measured under CECL is not permitted to make an

election in subsequent reporting periods and is required

to reflect the full effect of CECL in its regulatory capital

ratios beginning as of the holding company’s CECL

adoption date.

A holding company that initially elects to use the 3-year

CECL transition provision, but opts out of this transition

provision in a subsequent reporting period, is not permitted to resume using the 3-year CECL transition provision

at a later date within the 3-year transition period. A

holding company may opt out of applying the transition

provision by reflecting the full impact of CECL on

regulatory capital in FR Y-9C Schedule HC-R.

Eligibility for the 5-Year 2020 CECL Transition

A holding company is eligible to use the 5-Year

2020 CECL transition provision if it adopts CECL under

U.S. GAAP as of the first day of a fiscal year that begins

during the 2020 calendar year and:

(1) Reports a decrease in retained earnings immediately

upon adoption of CECL; or

(2) Would report a positive modified CECL transitional

amount (as defined below) in any quarter ending in

2020 after adopting CECL.

Schedule HC-R

FR Y-9C HC-R-3

Schedule HC-R March 2021
A holding company must indicate in Schedule HC-R,

Part I, item 2.a, its election to use the 5-year 2020 CECL

transition provision in calendar year 2020 in the first

FR Y-9C filed after the holding company adopts CECL

or the same FR Y-9C in which the holding company first

reports a positive modified CECL transitional amount for

any calendar quarter ending in 2020 (5-year CECL

electing holding company).

Even if a holding company elects to use the 5-Year

2020 CECL transition provision, the holding company

may only reflect the regulatory capital adjustments set

forth in the 2020 CECL rule in the quarter or quarters in

which the holding company implements CECL for regulatory reporting purposes. A holding company that has

elected the 5-year 2020 CECL transition provision, but

would not report a positive modified CECL transitional

amount in a particular quarter, is not required to make the

adjustments in FR Y-9C Schedule HC-R in that quarter.

Transition Period under the 5-Year 2020 CECL

Transition—Beginning with the earlier of:

(1) The first quarter of the fiscal year in which a holding

company was required to adopt CECL under

U.S. GAAP (as in effect on January 1, 2020), or

(2) The first day of a fiscal year that begins in the 2020

calendar year in which the holding company files the

FR Y-9C reflecting CECL, and for the subsequent

19 quarters (for a total of 20 quarters or the five-year

transition period), a holding company is permitted to

make the adjustments described below to amounts

used in calculating regulatory capital. If a holding

company temporarily ceases using CECL during this

period (i.e., due to election of Section 4014 of the

Coronavirus Aid, Relief, and Economic Security Act

(CARES Act)4

), the holding company may not reflect

regulatory capital adjustments for any quarter (during the first 8 quarters) in which it did not implement

CECL, but it would be allowed to apply the transition in subsequent quarters when the holding company uses CECL. However, a holding company that

has elected the transition, but does not apply it in any

quarter, does not receive any extension of the transition period.

Example 1: A holding company was required to adopt

CECL on January 1, 2020. This holding company, however, delays adoption of CECL under Section 4014 of the

CARES Act until July 1, 2020, and elects to use the

5-Year 2020 CECL transition provision. This holding

company’s transition period begins on January 1, 2020,

despite not adopting CECL until July 1, 2020. As such,

on July 1, 2020, this holding company would have

18 quarters,5

including the quarter of adoption, remaining

in its transition period.

Example 2: A holding company was required to adopt

CECL on October 1, 2020, and elects to use the 5-Year

2020 CECL transition provision. This holding company

does not delay adoption of CECL under Section 4014 of

the CARES Act. This holding company’s transition

period begins on October 1, 2020. As such, on October 1,

2020, this holding company would have 20 quarters,

including the quarter of adoption, remaining in its transition period.

For the first 8 quarters after the start of its transition

period, a holding company is permitted to make an

adjustment of 100 percent of the transitional items calculated below for each quarter in which the holding company applies CECL. Beginning with the ninth quarter of

the transition period, the holding company phases out the

cumulative adjustment as calculated at the end of the

eighth quarter (i.e., the first two years of the 5-Year

2020 CECL transition provision) over the following

12 quarters as follows: 75 percent adjustment in quarters 9-12 (i.e., Year three); 50 percent adjustment in

quarters 13-16 (i.e., Year four); and 25 percent adjustment in quarters 17-20 (i.e., Year five).

Definitions - Holding companies that elect either the

3-year CECL transition provision or the 5-year

2020 CECL transition provision must calculate the following amounts, as applicable. AACL refers to Adjusted

Allowances for Credit Losses and ALLL refers to the

Allowance for Loan and Lease Losses, both as defined in

the regulatory capital rule 12 CFR 217.2 (Board).

• CECL transitional amount means the difference, net of

any deferred tax assets (DTAs), in the amount of a

4. Section 4014 allows a holding company to delay the adoption of

Accounting Standards Update No. 2016-13, “Financial Instruments —

Credit Losses (Topic 326), Measurement of Credit Losses on Financial

Instruments” (ASU 2016-13), i.e., CECL, until the earlier of (1) December 31, 2020, or (2) the termination of the national emergency concerning

the coronavirus disease declared by the President on March 13, 2020,

under the National Emergencies Act.

5. Six quarters of the initial transition followed by 12 quarters of the

phase-out of the transition.

Schedule HC-R

HC-R-4 FR Y-9C

Schedule HC-R March 2021
holding company’s retained earnings as of the beginning of the fiscal year in which the holding company

adopts CECL from the amount of the holding company’s retained earnings as of the closing of the fiscal

yearend immediately prior to the holding company’s

adoption of CECL.

• DTA transitional amount means the difference in the

amount of a holding company’s DTAs arising from

temporary differences as of the beginning of the fiscal

year in which the holding company adopts CECL from

the amount of the holding company’s DTAs arising

from temporary differences as of the closing of the

fiscal year-end immediately prior to the holding company’s adoption of CECL.

• AACL transitional amount means the difference in the

amount of a holding company’s AACL as of the

beginning of the fiscal year in which the holding

company adopts CECL and the amount of the holding

company’s ALLL as of the closing of the fiscal yearend immediately prior to the holding company’s adoption of CECL.

• Eligible credit reserves transitional amount means the

difference in the amount of an advanced approaches

holding company’s eligible credit reserves as of the

beginning of the fiscal year in which the holding

company adopts CECL from the amount of the holding

company’s eligible credit reserves as of the closing of

the fiscal year-end immediately prior to the holding

company’s adoption of CECL.

In addition, holding companies that elect the 5-year 2020

CECL transition provision must calculate the following

amounts:

• Modified CECL transitional amount means:

– During the first two years of the transition period,

the difference between the AACL as reported in the

most recent FR Y-9C, and the AACL as of the

beginning of the fiscal year in which the holding

company adopts CECL, multiplied by 0.25, plus the

CECL transitional amount, and

– During the last three years of the transition period,

the difference between the AACL as reported in the

FR Y-9C at the end of the second year of the

transition period and the AACL as of the beginning

of the fiscal year in which the holding company

adopts CECL, multiplied by 0.25, plus the CECL

transitional amount.

• Modified AACL transitional amount means:

– During the first two years of the transition period,

the difference between the AACL as reported in the

most recent FR Y-9C, and the AACL as of the

beginning of the fiscal year in which the holding

company adopts CECL, multiplied by 0.25, plus the

AACL transitional amount, and

– During the last three years of the transition period,

the difference between the AACL as reported in the

FR Y-9C at the end of the second year of the

transition period and the AACL as of the beginning

of the fiscal year in which the holding company

adopts CECL, multiplied by 0.25, plus the AACL

transitional amount.

A 3-year or 5-year CECL electing advanced approaches

holding company (1) that has completed the parallel run

process and has received notification from the Board of

the regulatory capital rules, (2) whose amount of expected

credit loss exceeded its eligible credit reserves immediately prior to the adoption of CECL, and (3) would have

an increase in common equity tier 1 capital as of the

beginning of the fiscal year in which it adopts CECL after

including the first year portion of the CECL transitional

amount or modified CECL transitional amount, as applicable, must decrease its CECL transitional amount or

modified CECL transitional amount, as applicable, by its

DTA transitional amount.

Example and a Worksheet Calculation for the 3-year

CECL Transition Provision:

Assumptions:

• For example, consider a holding company that elects to

apply the 3-year CECL transition and has a CECL

effective date of January 1, 2020, and a 21 percent tax

rate.

• On the closing balance sheet date immediately prior to

adopting CECL (i.e., December 31, 2019), the 3-year

CECL electing holding company has $10 million in

retained earnings and $1 million in the allowance for

loan and lease losses. On the opening balance sheet

date immediately after adopting CECL (i.e., January 1,

2020), the 3-year CECL electing holding company has

$1.2 million in allowances for credit losses (ACL),

which also equals $1.2 million of AACL, as defined in

the regulatory capital rules.

Schedule HC-R

FR Y-9C HC-R-5

Schedule HC-R June 2021
• The 3-year CECL electing holding company recognizes the effect of the adoption of CECL as of January 1, 2020, by recording an increase in its ACL

of $200,000 (credit), with an offsetting increase in

temporary difference DTAs of $42,000 (debit) and a

reduction in beginning retained earnings of $158,000

(debit).

• For each of the quarterly reporting periods in year 1 of

the transition period (i.e., 2020), the 3-year CECL

electing holding company increases both retained earnings and average total consolidated assets by $118,500

($158,000 x 75 percent), decreases temporary difference DTAs by $31,500 ($42,000 x 75 percent), and

decreases AACL by $150,000 ($200,000 x 75 percent)

for purposes of calculating its regulatory capital ratios.

The remainder of the 3-year CECL transition provision

of the 3-year CECL electing holding company is

transitioned into regulatory capital according to the

schedule provided in Table 2 below.

Example of Application of the 5-Year CECL Transition

Provision for Third Quarter 2020

As an example, assume a holding company is required

under U.S. GAAP to adopt CECL on January 1, 2020.

This holding company chose not to delay adoption of

CECL for FR Y-9C purposes under the provisions of

Section 4014 of the CARES Act, and elected to use the

5-year 2020 CECL transition provision in the March 31,

2020, FR Y-9C. This holding company’s 5-year

2020 CECL transition period begins on January 1, 2020.

The holding company’s December 31, 2019, FR Y-9C

reflected the following amounts:

• ALLL: $120

• Temporary Difference DTAs: $20

• Retained earnings: $200

• Eligible credit reserves (advanced approaches holding

companies only): $110

On January 1, 2020, the holding company adopted CECL

and reflected the following amounts:

• AACL: $150

• AACL transitional amount = $150 - $120 = $30

(AACL on 1/1/20 – ALLL on 12/31/19)

• Temporary difference DTAs: $30

• DTA transitional amount = $30 - $20 = $10 (DTAs on

1/1/20 – DTAs on 12/31/19)

• Retained earnings: $180

• CECL transitional amount = $200 - $180 = $20

(Retained earnings on 12/31/19 – retained earnings on

1/1/20)

• Eligible credit reserves (advanced approaches holding

companies only): $140

• Eligible credit reserves transitional amount (advanced

approaches holding companies only) =

$140 - $110 = $30

Table 2 - Example of a 3-year CECL Transition Provision Schedule

Dollar amounts

in thousands

Transitional

Amounts

Transition Amounts Applicable during

Each Year of the 3-Year Transition Period

Year 1 at 75% Year 2 at 50% Year 3 at 25%

Column A Column B Column C Column D

1. Increase retained earnings and

average total consolidated assets by

the CECL transitional amount

CECL transitional

amount = $158 $118.50 $79 $39.50

2. Decrease temporary difference

DTAs by the DTA transitional

amount

DTA transitional

amount = $42 $31.50 $21 $10.50

3. Decrease AACL by the AACL

transitional amount

AACL

transitional

amount = $200 $150 $100 $50

Schedule HC-R

HC-R-6 FR Y-9C

Schedule HC-R March 2021
(Eligible credit reserves on 1/1/20 – eligible credit

reserves on 12/31/19)

On September 30, 2020, the holding company reflected

the following amounts:

• AACL: $170

• Modified AACL transitional amount = ($170-

$150)*0.25 + $30 = $35

(AACL on 9/30/20 – AACL on 1/1/20)*0.25 + AACL

transitional amount)

• Modified CECL transitional amount = ($170-

$150)*0.25 + $20 = $25

(AACL on 9/30/20 – AACL on 1/1/20)*0.25 + CECL

transitional amount)

The holding company would adjust the following items

in its September 30, 2020, FR Y-9C, Schedule HC-R:

• Part I, Item 2 (Retained earnings): Add $25 (modified

CECL transitional amount)

• Part I, Item 15.a or 15.b, as applicable (temporary

difference DTAs): Subtract $10 (DTA transitional

amount) when calculating temporary difference DTAs

subject to deduction

• Part I, Item 27 (Average total consolidated assets):

Add $25 (modified CECL transitional amount)

A holding company that is not electing the CBLR

framework in its September 30, 2020, FR Y-9C, would

make these additional Schedule HC-R adjustments:

• Part I, Item 40.a (Allowances in tier 2 capital): Subtract $35 (modified AACL transitional amount)

• Part II, Item 8 (All other assets): Subtract $10 (DTA

transitional amount)

A holding company subject to the supplementary leverage ratio (advanced approaches and Category III holding

companies) would make this additional Schedule HC-R

adjustment in its September 30, 2020, FR Y-9C:

• Part I, Item 53 (Total leverage exposure for SLR):

Add $25 (modified CECL transitional amount)

A holding company subject to the advanced approaches

capital rule that has exited parallel run would make this

additional Schedule HC-R adjustment in its September 30, 2020, FR Y-9C:

• Part I, Item 40.b (Eligible credit reserves): Deduct $30

(eligible credit reserves transitional amount)

Advanced approaches holding companies

Advanced approaches holding companies may use the

amounts reported in Schedule HC-R, Part I to complete

FFIEC 101, Schedule A, as applicable. As described in

the General Instructions for FFIEC 101, a holding company must begin reporting on the FFIEC 101, Schedule

A, except for a few specific line items, at the end of the

quarter after the quarter in which a holding company

triggers one of the threshold criteria for applying the

advanced approaches rule or elects to use the advanced

approaches rule (an opt-in holding company),6 and it

must begin reporting data on the remaining schedules of

the FFIEC 101 at the end of the first quarter in which it

has begun its parallel run period.

Advanced approaches holding companies must continue

to file Schedule HC-R, Regulatory Capital, as well as the

FFIEC 101.

SLHCs: The revised regulatory capital rules apply to

top-tier SLHCs that are not substantially engaged in

insurance or commercial activities (covered SLHCs).

A top-tier SLHC is deemed to be substantially engaged in

insurance activities (insurance SLHC) if (i) the top-tier

SLHC is an insurance underwriting company;7 or (ii) as

of June 30 of the previous calendar year, it held 25

percent or more of its total consolidated assets in subsidiaries that are insurance underwriting companies (other

than assets associated with insurance for credit risk). For

purposes of determining the 25 percent threshold, the

SLHC must calculate its total consolidated assets in

accordance with generally accepted accounting principles (GAAP), or if the SLHC does not calculate its total

consolidated assets under GAAP for any regulatory

purpose (including compliance with applicable securities

laws), the SLHC may estimate its total consolidated

assets, subject to review and adjustment by the Board.

Thus, insurance SLHCs are not required to complete

6. A holding company is deemed to have elected to use the advanced

approaches rule on the date that the Board receives from the holding

company a board-approved implementation plan pursuant to section

121(b)(2) of the revised regulatory capital rules. After that date, in addition

to being required to report on the FFIEC 101, Schedule A, the holding

company may no longer apply the AOCI opt-out election in section

22(b)(2) of the regulatory capital rules and it becomes subject to the

supplementary leverage ratio in section 10(c)(4).

7. Insurance underwriting company means an insurance company as

defined in section 201 of the Dodd-Frank Act (12 U.S.C. 5381) that

engages in insurance underwriting activities.

Schedule HC-R

FR Y-9C HC-R-7

Schedule HC-R March 2021
Schedule HC-R, even if they complete other schedules of

the FR Y-9C.

A top-tier SLHC is deemed to be substantially engaged in

commercial activities (commercial SLHC) if (i) the toptier SLHC is a grandfathered unitary SLHC (as defined in

section 10(c)(9)(A) of HOLA) and (ii) as of June 30 of

the previous calendar year, it derived 50 percent or more

of its total consolidated assets or 50 percent of its total

revenues on an enterprise-wide basis (as calculated under

GAAP) from activities that are not financial in nature

under section 4(k) of the Bank Holding Company Act (12

U.S.C. 1842(k)).

Item Instructions for Schedule HC-R, Part 1

Common Equity Tier 1 Capital

Line Item 1 Common stock plus related surplus,

net of treasury stock and unearned employee stock

ownership plan (ESOP) shares.

Report the sum of Schedule HC, items 24, 25 and

item 26(c) as follows:

(1) Common stock: report the amount of common stock

reported in Schedule HC, item 24, provided it meets

the criteria for common equity tier 1 capital based on

the revised regulatory capital rules of the Board.

Include capital instruments issued by mutual banking

organizations that meet the criteria for common

equity tier 1 capital.

(2) Related surplus: adjust the amount reported in Schedule HC, item 25 as follows: include the net amount

formally transferred to the surplus account, including

capital contributions, and any amount received for

common stock in excess of its par or stated value on

or before the report date; exclude adjustments arising

from treasury stock transactions.

(3) Treasury stock, unearned ESOP shares, and any

other contra-equity components: report the amount of

contra-equity components reported as negative

amounts in Schedule HC, item 26(c). Because contraequity components reduce equity capital, the amount

reported in Schedule HC, item 26(c), is a negative

amount.

Line Item 2 Retained earnings.

Report the amount of the holding company’s retained

earnings as reported in Schedule HC, item 26(a).

A holding company that has adopted FASB Accounting

Standards Update No. 2016-13 (ASU 2016-13), which

governs the accounting for credit losses and introduces

the current expected credit losses methodology (CECL),

and has elected to apply the 3-year CECL transition

provision (3-year CECL electing holding company)

should also include its applicable CECL transitional

amount, in accordance with section 301 of the regulatory

capital rules. Specifically, a 3-year CECL electing holding company should increase retained earnings by 75 percent of its CECL transitional amount during the first year

of the transition period, 50 percent of its CECL transitional amount during the second year of the transition

period, and 25 percent of its CECL transitional amount

during the third year of the transition period.

A holding company that has adopted ASU 2016-13, and

has elected to apply the 5-year 2020 CECL transition

provision (5-year CECL electing holding company)

should also include in this item its applicable modified

CECL transitional amount in accordance with section 301

of the regulatory capital rules. Specifically, a 5-year

CECL electing holding company should increase retained

earnings by 100 percent of its modified CECL transitional amount during the first and second years of the

transition period, 75 percent of its modified CECL transitional amount during the third year of the transition

period, 50 percent of its modified CECL transitional

amount during the fourth year of the transition period,

and 25 percent of its modified CECL transitional amount

during the fifth year of the transition period.

A 3-year or 5-year CECL electing advanced approaches

holding company (1) that has completed the parallel run

process and has received notification from the Board

pursuant to section 121(d) under subpart E of the regulatory capital rules, (2) whose amount of expected credit

loss exceeded its eligible credit reserves immediately

prior to the adoption of CECL, and (3) would have an

increase in CET1 capital as of the beginning of the fiscal

year in which it adopts CECL after including the first

year portion of the CECL transitional amount or modified

CECL transitional amount, as applicable, must decrease

its CECL transitional amount or modified CECL transitional amount, as applicable, by its DTA transitional

amount.

For further information on the 3-year and 5-year CECL

transition provisions, see the General Instructions for

Schedule HC-R, Part I.

Schedule HC-R

HC-R-8 FR Y-9C

Schedule HC-R March 2021
2.a To be completed only by holding companies that

have adopted ASU 2016-13: Does your institution

have a CECL transition election in effect as of the

quarter-end report date? A holding company may

make a one-time election to use the 3-year CECL transition provision (a 3-year CECL electing holding company) or the 5-year 2020 CECL transition provision (a

5-year CECL electing holding company), as described in

section 301 of the regulatory capital rules, and in the

General Instructions for Schedule HC-R, Part I.

A holding company that is required to use CECL for

regulatory reporting purposes and intends to use the

3-year or the 5-year 2020 CECL transition provision

must elect to use the 3-year or the 5-year 2020 CECL

transition provision in the first FR Y-9C report the

holding company files that includes CECL after the

holding company is required to use CECL for regulatory

reporting purposes. A holding company that does not

elect to use the 3-year or the 5-year 2020 CECL transition provision in the quarter that it first reports its credit

loss allowances in as of the first FR Y-9C report as

measured under the holding company files that includes

CECL after the holding company is required to use

CECL for regulatory reporting purposes would not be

permitted to make an election to use the 3-year or the

5-year 2020 CECL transition provision in subsequent

reporting periods.8 For example, a holding company that

adopts CECL as of January 1, 2020 (i.e., does not delay

adoption of CECL under Section 4014 of the Coronavirus Aid, Relief, and Economic Security Act), records a

reduction in retained earnings due to the adoption of

CECL, and does not elect to use the CECL transition

provision in its FR Y-9C report for the March 31, 2020,

report date would not be permitted to use the 3-year or

the 5-year 2020 CECL transition provision in any subsequent reporting period.

A holding company that has adopted CECL would report

whether it is using a CECL transition election, as defined

in Section 301 of the agencies’ regulatory capital rules, in

the FR Y-9C report for the current quarter. The holding

company can choose from the following entries: 0 = No;

1 = Yes with a 3-year CECL transition election; and 2 =

Yes with a 5-year 2020 CECL transition election. A

holding company that has not adopted CECL must leave

item 2.a blank. A holding company that has elected the

5-year 2020 CECL transition, but is not reporting any

adjustments for the current quarter because it does not

have a positive Modified CECL Transitional Amount in

the current quarter, should still report “2” for this item.

Each holding company would complete Schedule HC-R,

Part I, item 2(a) beginning in the FR Y-9C report for its

first reporting period under CECL and in each subsequent

FR Y-9C report thereafter until Schedule HC-R, Part I,

item 2(a) is removed from the report. Effective December 31, 2026, the Board proposes to remove item 2(a)

from Schedule HC-R, Part I, because the optional 3-year

and 5-year 2020 transition periods will have ended for all

electing holding companies. If an individual electing

holding company’s 3-year or 5-year transition period

ends before Schedule HC-R, Part I, item 2(a) is removed

(e.g., its transitiom period ends December 31, 2022), the

holding company would report in item 2(a) that its CECL

transition election is no longer in effect.

Line Item 3 Accumulated other comprehensive

income (AOCI).

Report the amount of AOCI as reported under U.S.

generally accepted accounting principles (GAAP) that is

included in Schedule HC, item 26.b.

Line Item 3(a) AOCI opt-out election.

(i) All holding companies, except advanced approaches

holding companies:

A holding company that is not an advanced approaches

holding company may make a one-time election to

become subject to the AOCI-related adjustments in

Schedule HC-R, Part I, items 9(a) through 9(e). That is,

such a holding company may opt-out of the requirement

to include most components of AOCI in common equity

tier 1 capital (with the exception of accumulated net

gains and losses on cash flow hedges related to items that

are not recognized at fair value on the balance sheet). A

holding company that makes an AOCI opt-out election

must enter “1” for “Yes” in Schedule HC-R, Part I,

item 3(a).

A holding company (except an advanced approaches

holding company) in existence as of March 31, 2015,

8. A holding company that did not make a 5-year 2020 CECL transition

provision election because it did not record a reduction in retained earnings

due to the adoption of CECL as of the beginning of the fiscal year in which

the holding company adopted CECL may use the 5-year 2020 CECL

transition provision if it has a positive modified CECL transitional amount

during any quarter ending in 2020 and makes the election in the FR Y-9C

report filed for the same quarter.

Schedule HC-R

FR Y-9C HC-R-9

Schedule HC-R March 2021
made its AOCI opt-out election on the holding company’s March 31, 2015, FR Y-9C. For a holding company that comes into existence after March 31, 2015, or

becomes a non-advanced approaches holding company,

the holding company must make its AOCI opt-out election on the holding company’s first FR Y-9C report.

After a holding company initially makes its AOCI optout election, the holding company must report its election

in each quarterly FRY-9C report thereafter. Each of the

holding company’s depository institution subsidiaries, if

any, must elect the same option as the holding company.

With prior notice to the Board, a holding company

resulting from a merger, acquisition, or purchase transaction may make a new AOCI opt-out election, as described

in section 22(b)(2) of the revised regulatory capital rules.

(ii) Holding companies that do not make an AOCI

opt-out election and all advanced approaches holding

companies:

A holding company that does not make an AOCI opt-out

election and enters “0” for “No” in Schedule HC-R,

Part I, item 3(a) and all advanced approaches holding

companies are subject to the AOCI-related adjustment

under Schedule HC-R, Part I, item 9(f).

Line Item 4 Common equity tier 1 minority

interest includable in common equity tier 1 capital.

Report the aggregate amount of common equity tier 1

minority interest, calculated as described below and in

section 21 of the revised regulatory capital rules. Common equity tier 1 minority interest is the portion of equity

in a reporting holding company’s subsidiary not attributable, directly or indirectly, to the parent holding company. Note that a holding company may only include

common equity tier 1 minority interest if: (a) the subsidiary is a depository institution or a foreign bank; and

(b) the capital instruments issued by the subsidiary meet

all of the criteria for common equity tier 1 capital

(qualifying common equity tier 1 capital instruments).

(i) All holding companies, except advanced approaches

holding companies

In order to complete this item 4, holding companies need

to complete Lines 6 to 10 of HC-R, Part I. Non-advanced

approaches holding companies are able to include common equity tier 1 minority interest up to 10 percent of the

parent holding company’s common equity tier 1 capital.

The 10 percent limitation is measured before the inclusion of any minority interest and after the deductions

from and adjustments to the regulatory capital of the

parent holding company described in sections 22(a)

and (b) of the regulatory capital rules.

Example and a worksheet calculation: Calculate common equity tier 1 minority interest includable at the

reporting holding company’s level as follows:

Assumptions:

• The parent holding company’s common equity tier 1

capital is $100 and has two subsidiaries (subsidiary A

and subsidiary B) and has $10 of common equity tier 1

capital adjustments and deductions;

• Subsidiary A has $7 of common equity tier 1 minority

interest (that is, owned by minority shareholders).

• Subsidiary B has $5 of common equity tier 1 minority

interest (that is, owned by minority shareholders).

(ii) Advanced approaches holding companies:

In general, the minority interest limitation applies only if

a subsidiary has a surplus common equity tier 1 capital

(that is, in excess of the subsidiary’s minimum capital

requirements and the applicable capital conservation

buffer).

The following example and a worksheet is intended to

assist holding companies in determining the amount of

common equity tier 1 minority interest includable in

common equity tier 1 capital.

Example: For each consolidated subsidiary that is a

depository institution or a foreign bank, calculate common equity tier 1 minority interest includable at the

holding company level as follows:

Assumptions:

• For this example, assume that risk-weighted assets of

the consolidated subsidiary are the same as the riskweighted assets of the holding company that relate to

the subsidiary ($1,000);

• The subsidiary’s common equity tier 1 capital is $80;

• The subsidiary’s common equity tier 1 minority interest (that is, owned by minority shareholders) is $24.

(4.ii) Advanced approaches holding companies worksheet

Schedule HC-R

HC-R-10 FR Y-9C

Schedule HC-R June 2020
(1) Determine the risk-weighted assets of the subsidiary. $1,000

(2) Using the standardized approach, determine the risk-weighted assets of the holding company

that relate to the subsidiary. Note that the amount in this step (2) may differ from the amount

in step (1) due to intercompany transactions and eliminations in consolidation.

$1,000

(3) Determine the lower of (1) or (2), and multiply that amount by 7.0 percent.9 $1,000 x 7% =

$70

(4) Determine the dollar amount of the subsidiary’s common equity tier 1 capital (assumed $80

in this example). If this amount is less than step (3), include common equity tier 1 minority

interest (assumed to be $24 in this example) in Schedule HC-R, Part I, item 4. Otherwise,

continue to step (5).

$80

(5) Subtract the amount in step (3) from the amount in step (4). This is the “surplus

common equity tier 1 capital of the subsidiary.”

$80 - $70 = $10

(6) Determine the percent of the subsidiary’s common equity tier 1 capital owned by third parties (the minority shareholders).$24/$80 = 30%

(7) Multiply the percentage in step (6) by the dollar amount in step (5). This is the “surplus common equity tier 1 minority interest of the subsidiary,” Subject to the transition

provisions below.

30% x $10 = $3

(8) Subtract the amount in step (7) from the subsidiary’s common equity tier 1 minority interest. $24 - $3 = $21

9. The percentage multiplier in step (3) is the capital ratio necessary for the depository institution to avoid restrictions on distributions and discretionary

bonus payments. Advanced approaches holding companies must adjust this percentage to account for all the applicable capital buffers.

(4.i) All holding companies, except advanced approaches holding companies worksheet

(1) Common Equity Tier 1 Capital Elements Before Minority Interest

and Adjustments and Deductions = Schedule HC-R, Part I,

sum of items 1, 2, and 3

$100

(2) Common Equity Tier 1 Capital: Adjustments and Deductions = Schedule

HC-R, Part I, sum of items 6, 7, 8, 9.a through 9.f, 10.a, and 10.b

$10

(3) Subtract the amount in step (2) from the amount in step (1). This is the base to

calculate the 10 percent limitation.

$100 - $10

= $90

(4) Multiply step (3) by 10 percent. This is the maximum includable common

equity tier 1 minority interest from all subsidiaries.

$90 x 10%

= $9

(5) Determine the lower of (4) and the total common equity tier 1 minority interest

from all subsidiaries. This is the “common equity tier 1 minority interest

includable at the reporting holding company’s level” to be included in Schedule HC-R, Part I, item 4.

Minimum of ($9 from step 4)

or $12 ($7 + $5) from the

assumptions) = $9

Schedule HC-R

FR Y-9C HC-R-11

Schedule HC-R September 2020
(9) This is the “common equity tier 1 minority interest includable at the holding company level”

to be included in Schedule HC-R, Part I, item 4, for this subsidiary.

$21

Line Item 5 Common equity tier 1 capital before

adjustments and deductions.

Report the sum of Schedule HC-R, Part I, items 1, 2, 3,

and 4.

Common equity tier 1 capital:

adjustments and deductions

Note 1: As described in section 22(b) of the revised

regulatory capital rules, regulatory adjustments to common equity tier 1 capital must be made net of associated

deferred tax effects.

Note 2: As described in section 22(e) of the revised

regulatory capital rules, netting of deferred tax liabilities

(DTLs) against assets that are subject to deduction is

permitted if the following conditions are met:

(i) The DTL is associated with the asset;

(ii) The DTL would be extinguished if the associated

asset becomes impaired or is derecognized under

GAAP; and

(iii) A DTL can only be netted against a single asset.

The amount of deferred tax assets (DTAs) that arise from

net operating loss and tax credit carryforwards, net of any

related valuation allowances, and of DTAs arising from

temporary differences that could not be realized through

net operating loss carrybacks, net of any related valuation

allowances, may be offset by DTLs (that have not been

netted against assets subject to deduction) if the following conditions are met:

(i) Only the DTAs and DTLs that relate to taxes levied

by the same taxation authority and that are eligible for

offsetting by that authority may be offset for purposes

of this deduction.

(ii) The amount of DTLs that the holding company nets

against DTAs that arise from net operating loss and

tax credit carryforwards, net of any related valuation

allowances, and against DTAs arising from temporary differences that could not be realized through

net operating loss carrybacks, net of any related

valuation allowances, must be allocated in proportion to the amount of DTAs that arise from net

operating loss and tax credit carryforwards (net of

any related valuation allowances, but before any

offsetting of DTLs) and of DTAs arising from temporary differences that could not be realized through

net operating loss carrybacks (net of any related

valuation allowances, but before any offsetting of

DTLs), respectively.

A holding company may offset DTLs embedded in the

carrying value of a leveraged lease portfolio acquired in a

business combination (whether accounted for under ASC

Topic 840, Leases, or grandfathered and accounted for

under ASC Topic 842, Leases, as applicable) that are not

recognized under GAAP against DTAs that are subject to

section 22(a) of the regulatory capital rules in accordance

with section 22(e).

A holding company must net DTLs against assets subject

to deduction in a consistent manner from reporting period

to reporting period. A holding company may change its

DTL netting preference only after obtaining the prior

written approval of the Board.

In addition, note that even though certain deductions may

be net of associated DTLs, the risk-weighted portion of

those items may not be reduced by the associated DTLs.

Line Item 6 LESS: Goodwill net of associated

deferred tax liabilities (DTLs).

Report the amount of goodwill included in Schedule

HC-M, item 12(b).

However, if the holding company has a DTL that is

specifically related to goodwill that it chooses to net

against the goodwill, the amount of disallowed goodwill

to be reported in this item should be reduced by the

amount of the associated DTL.

If an advanced approaches holding company has significant investments in the capital of unconsolidated financial institutions in the form of common stock, the holding

company should report in this item goodwill embedded

in the valuation of a significant investment in the capital

of an unconsolidated financial institution in the form of

common stock (embedded goodwill). Such deduction of

embedded goodwill would apply to investments accounted

for under the equity method. Under GAAP, if there is a

difference between the initial cost basis of the investment

and the amount of underlying equity in the net assets of

Schedule HC-R

HC-R-12 FR Y-9C

Schedule HC-R September 2020
the investee, the resulting difference should be accounted

for as if the investee were a consolidated subsidiary

(which may include imputed goodwill).

Line Item 7 LESS: Intangible assets (other than

goodwill and mortgage servicing assets (MSAs)), net

of associated DTLs.

Report all intangible assets (other than goodwill and

MSAs), included in Schedule HC-M, item 12(c), that do

not qualify for inclusion in common equity tier 1 capital

under the regulatory capital rules. Generally, all purchased credit card relationships (PCCRs), non-mortgage

servicing assets, and all other intangibles, reported in

Schedule HC-M, item 12(c), do not qualify for inclusion

in common equity tier 1 capital and should be included in

this item.

However, if the holding company has a DTL that is

specifically related to an intangible asset (other than

goodwill and MSAs) that it chooses to net against the

intangible asset for regulatory capital purposes, the

amount of disallowed intangibles to be reported in this

item should be reduced by the amount of the associated

DTL. Furthermore, a DTL that the holding company

chooses to net against the related intangible reported that

arise from net operating loss and tax credit carryforwards, net of any related valuation allowances, and DTAs

that arise from temporary differences, net of any related

valuation allowances, for regulatory capital purposes.

If the amount reported for other identifiable intangible

assets in Schedule HC-M, item 12(c), includes intangible

assets that were recorded on the holding company’s

balance sheet on or before February 19, 1992, the

remaining book value as of the report date of these

intangible assets may be excluded from this item.

Line Item 8 LESS: Deferred tax assets (DTAs)

that arise from net operating loss and tax credit

carryforwards, net of any related valuation

allowances and net of DTLs.

Report the amount of DTAs that arise from net operating

loss and tax credit carryforwards, net of associated

valuation allowances and net of associated DTLs.

Line Item 9 AOCI-related adjustments.

Holding companies that entered “1” for “Yes” in Schedule HC-R, Part I, item 3(a), must complete Schedule HC-R, Part I, Items 9(a) and 9(c) through 9(e), only.

Holding companies that entered “0” for “No” in Schedule

HC-R, Part I, item 3(a), must complete Schedule HC-R,

Part I, item 9(f), only.

Line Item 9(a) LESS: Net unrealized gains (losses)

on available-for-sale debt securities.

For holding companies that entered “1” for “Yes” in

Schedule HC-R, Part I, item 3(a), report the amount of

net unrealized gains (losses) on available-for-sale debt

securities, net of applicable income taxes, that is included

in Schedule HC, item 26(b), “Accumulated other comprehensive income.” If the amount is a net gain, report it as a

positive value in this item. If the amount is a net loss,

report it as a negative value in this item.

For such holding companies, include in this item net

unrealized gains (losses) on available-for-sale debt securities reported in Schedule HC-B, items 1 through 6b,

columns C and D, and on those assets not reported in

Schedule HC-B, that the holding company accounts for

like available-for-sale debt securities in accordance with

applicable accounting standards (e.g., negotiable certificates of deposit and nonrated industrial development

obligations).

Line Item 9(b) Not applicable.

Line Item 9(c) LESS: Accumulated net gains

(losses) on cash flow hedges.

Report the amount of accumulated net gains (losses) on

cash flow hedges, net of applicable income taxes, that is

included in Schedule HC, item 26(b), ‘‘Accumulated

other comprehensive income.’’ The amount reported in

item 9 should include gains (losses) on cash flow hedges

that are no longer effective but included in AOCI. If the

amount is a net gain, report it as a positive value in this

item. If the amount is a net loss, report it as a negative

value in this item.

Line Item 9(d) LESS: Amounts recorded in AOCI

attributed to defined benefit postretirement plans

resulting from the initial and subsequent application

of the relevant GAAP standards that pertain to

such plans.

Report the amounts recorded in AOCI net of applicable

taxes, and included in Schedule HC, item 26(b), ‘‘Accumulated other comprehensive income,’’ resulting from

the initial and subsequent application of ASC Subtopic

715-20 to defined benefit postretirement plans (a holding

Schedule HC-R

FR Y-9C HC-R-13

Schedule HC-R December 2020
company may exclude the portion relating to pension

assets deducted in Schedule HC-R, Part I, item 10(b)). If

the amount is a net gain, report it as a positive value in

this item. If the amount is a net loss, report it as a

negative value in this item.

Line Item 9(e) LESS: Net unrealized gains (losses)

on held-to-maturity securities that are included in

AOCI.

Report the amount of net unrealized gains (losses) on

held-to-maturity securities that is not credit-related, net

of applicable taxes and is included in AOCI as reported in

Schedule HC, item 26(b), ‘‘Accumulated other comprehensive income.’’ If the amount is a net gain, report it as a

positive value. If the amount is a net loss, report it as a

negative value.

Include (i) the unamortized balance of the unrealized

gain (loss) that existed at the date of transfer of a debt

security transferred into the held-to-maturity category

from the available-for-sale category, net of applicable

taxes and (ii) the unaccreted portion of other-thantemporary impairment losses on available-for-sale and

held-to-maturity debt securities that was not recognized

in earnings in accordance with ASC Topic 320,

Investments-Debt and Equity Securities, net of applicable taxes.

Line Item 9(f)—to be completed only by holding

companies that entered “0” for “No” in Schedule

HC-R, Part I, item 3(a):

LESS: Accumulated net gain (loss) on cash flow

hedges included in AOCI, net of applicable income

taxes, that relate to the hedging of items that are not

recognized at fair value on the balance sheet.

Report the amount of accumulated net gain (loss) on cash

flow hedges included in AOCI, net of applicable income

taxes, that relate to the hedging of items that are not

recognized at fair value on the balance sheet. If the

amount is a net gain, report it as a positive value. If the

amount is a net loss, report it as a negative value.

Line Item 10 Other deductions from (additions to)

common equity tier 1 capital before threshold-based

deductions:

Line Item 10(a) LESS: Unrealized net gain (loss)

related to changes in the fair value of liabilities that

are due to changes in own credit risk.

Report the amount of unrealized net gain (loss) related to

changes in the fair value of liabilities that are due to

changes in the holding company’s own credit risk. If the

amount is a net gain, report it as a positive value in this

item. If the amount is a net loss, report it as a negative

value in this item.

Advanced approaches holding companies only: include

the credit spread premium over the risk free rate for

derivatives that are liabilities.

Line Item 10(b) LESS: All other deductions from

(additions to) common equity tier 1 capital before

threshold-based deductions.

Report the amount of other deductions from (additions

to) common equity tier 1 capital that are not included in

Schedule HC-R, Part I, items 1 through 9, as described

below.

(1) After-tax gain-on-sale in connection with a securitization exposure.

Include any after-tax gain-on-sale in connection with a

securitization exposure. Gain-on-sale means an increase

in the equity capital of a holding company resulting from

a securitization (other than an increase in equity capital

resulting from the holding company’s receipt of cash in

connection with the securitization or reporting of a

mortgage servicing asset on Schedule HC).

(2) Defined benefit pension fund assets, net of associated DTLs.

A holding company should include for deduction in

Schedule HC-R, Part I, item 10(b) any defined benefit

pension fund assets, net of any associated DTLs. With

the prior approval of the Board, this deduction is not

required for any defined benefit pension fund net asset to

the extent the holdingcompany has unrestricted and

unfettered access to the assets in that fund. For an insured

depository institution, no deduction is required.

A holding company must risk weight any portion of the

defined benefit pension fund asset that is not deducted as

if the holding company directly holds a proportional

ownership share of each exposure in the defined benefit

pension fund.

(3) Investments in the holding company’s own shares

to the extent not excluded as part of treasury stock.

Include the holding company’s investments in (including

any contractual obligation to purchase) its own common

stock instruments, including direct, indirect, and synthetic exposures to such capital instruments (as defined in

Schedule HC-R

HC-R-14 FR Y-9C

Schedule HC-R December 2020
the revised regulatory capital rules), to the extent such

capital instruments are not excluded as part of treasury

stock, reported in Schedule HC-R, Part I, item 1.

If a holding company already deducts its investment in its

own shares (for example, treasury stock) from its common equity tier 1 capital elements, it does not need to

make such deduction twice.

A holding company may deduct gross long positions net

of short positions in the same underlying instrument only

if the short positions involve no counterparty credit risk

and all other criteria in section 22(h) of the revised

regulatory capital rules are met.

The holding company must look through any holdings of

index securities to deduct investments in its own capital

instruments.

In addition:

(i) Gross long positions in investments in a holding

company’s own regulatory capital instruments

resulting from holdings of index securities may be

netted against short positions in the same underlying index;

(ii) Short positions in index securities to hedge long

cash or synthetic positions may be decomposed to

recognize the hedge; and

(iii) The portion of the index composed of the same

underlying exposure that is being hedged may be

used to offset the long position only if both the

exposure being hedged and the short position in

the index are covered positions under the market

risk rule, and the hedge is deemed effective by the

holding company’s internal control processes

which would have been assessed by the Board.

(4) Reciprocal cross-holdings in the capital of financial institutions in the form of common stock.

Include investments in the capital of other financial

institutions (in the form of common stock) that the

holding company holds reciprocally (this is the corresponding deduction approach). Such reciprocal crossholdings may result from a formal or informal arrangement to swap, exchange, or otherwise intend to hold each

other’s capital instruments.

(5) Advanced approaches holding companies only

that exit parallel run.10

Include the amount of expected credit loss that exceeds

the holding company’s eligible credit reserves.

An advanced approaches holding company that has

exited parallel run, has adopted Accounting Standards

Update No. 2016-13 (ASU 2016-13) on credit losses, and

has elected to apply the 3-year CECL transition provision

(3-year CECL electing advanced approaches holding

company) should decrease its eligible credit reserves by

the applicable eligible credit reserves transitional amount

in accordance with section 301 of the regulatory capital

rules. Specifically, a 3-year CECL electing advanced

approaches holding company should reduce the amount

of its eligible credit reserves by 75 percent of its eligible

credit reserves transitional amount during the first year of

the transition period, 50 percent of its eligible credit

reserves transitional amount during the second year of

the transition period, and 25 percent of its eligible credit

reserves transitional amount during the third year of the

transition period.

An advanced approaches holding company that has

exited parallel run, has adopted ASU 2016-13, and has

elected to apply the 5-year 2020 CECL transition provision (5-year CECL electing advanced approaches holding company) should decrease its eligible credit reserves

by the applicable eligible credit reserves transitional

amount in accordance with section 301 of the regulatory

capital rules. Specifically, a 5-year CECL electing

advanced approaches holding company should reduce the

amount of its eligible credit reserves by 100 percent of its

eligible credit reserves transitional amount during the

first and second years of the transition period, 75 percent

of its eligible credit reserves transitional amount during

the third year of the transition period, 50 percent of its

eligible credit reserves transitional amount during the

fourth year of the transition period, and 25 percent of its

eligible credit reserves transitional amount during the

fifth year of the transition period (see Example of Application of the 5-Year 2020 CECL Transition Provision for

Third Quarter 2020, in the General Instructions for

HC-R, Part I).

10. An advanced approaches holding company that exits the parallel

run is an advanced approaches holding company that has completed the

parallel run process and received notification from the Federal Reserve

pursuant to section 121(d) of subpart E of the revised regulatory capital rules.

Schedule HC-R

FR Y-9C HC-R-15

Schedule HC-R March 2021
Line Item 11 LESS: Non-significant investments in

the capital of unconsolidated financial institutions in

the form of common stock that exceed the

10 percent threshold for non-significant investments.

(i) All non-advanced approaches holding companies

(Column A)

Not applicable. Proceed to HC-R, Part 1, line 12 to

complete the subtotal calculation.

(ii) All advanced approaches holding companies

(Column B)

A holding company has a non-significant investment in

the capital of an unconsolidated financial institution if it

owns 10 percent or less of the issued and outstanding

common shares of that holding company.

Report the amount of non-significant investments in the

capital of unconsolidated financial institutions in the

form of common stock that, in the aggregate with covered debt instruments11, exceed the 10 percent threshold

for non-significant investments, calculated as described

below. The holding company may apply associated DTLs

to this deduction.

Example and a worksheet calculation:

Assumptions:

• A holding company has a total of $200 in nonsignificant investments in the capital and covered debt

instruments of unconsolidated financial institutions, of

which $100 is in common shares. For this example, all

11. Covered debt instruments is defined in 12 CFR 217.2.

(11.ii) Advanced approaches holding company worksheet

(1) Determine the aggregate amount of non-significant investments in the capital

of unconsolidated financial institutions (including in the form of common

stock, additional tier 1, tier 2 capital, and covered debt instruments).

$200

(2) Determine the amount of non-significant investments in the capital of

unconsolidated financial institutions in the form of common stock.

$100

(3) Subtract from Schedule HC-R, Part I, item 5, the amounts in Schedule HC-R,

Part I, items 6, 7, 8, 9, and 10.

$1,000 - $0 = $1,000

(4) Multiply the amount in step (3) by 10 percent. This is “the 10 percent threshold

for non-significant investments.”

$1,000 x 10%= $100

(5) If (1) is greater than (4), subtract (4) from (1) and multiply the result by the

ratio of (2) divided by (1). Report this amount in this Schedule HC-R, Part I,

item 11.

If (1) is less than (4), enter zero in this item 11.

Line (1) is greater than line (4);

therefore $200 - $100 = $100.

Then ($100 x 100/200) = $50.

Report $50 in this line item 11.

(6) Assign the applicable risk weight to the amount of non-significant investments

in the capital of unconsolidated financial institutions that does not exceed the

10 percent threshold for non-significant investments.

Of the $100 in common shares,

$50 are deducted in this line

item 11. The remaining $50

needs to be included in riskweighted assets in Schedule

HC-R, Part II.*

* In this case (assuming that publicly traded equity exposures do not qualify for a 100 percent risk weigh under

section 52(b)(3)(iii) of the regulatory capital rules), $50 x 300% risk weight for publicly traded common shares under

section 52(b)(5) of the capital rules = $150 in risk-weighted assets for the portion of common shares in an unconsolidated

financial institution that are not deducted. Include this amount in Schedule HC-R, Part II, risk-weighted assets, “All other

assets” item.

Schedule HC-R

HC-R-16 FR Y-9C

Schedule HC-R June 2021
of the $100 in common shares is in the common stock

of a publicly traded financial institution.

• Assume the amount reported on Schedule HC-R, Part I,

item 5 (common equity tier 1 capital before adjustments and deductions is $1,000.

• Assume the amounts reported in Schedule HC-R,Part I,

items 6 through 9(f), are all $0.

Line Item 12 Subtotal.

(i) All non-advanced approaches holding companies

(Column A)

Report the amount in Schedule HC-R, Part I, item 5, less

the amounts in Schedule HC-R, Part I, items 6

through 10b.

This subtotal will be used in Schedule HC-R, Part I,

items 13.a, 14.a, and 15.a, to calculate the amounts of

items subject to the 25 percent common equity tier 1

capital threshold deductions (threshold items):

(i) Investments in the capital of unconsolidated financial institutions, net of DTLs,

(ii) MSAs, net of associated DTLs; and

(iii) DTAs arising from temporary differences that

could not be realized through net operating loss

carrybacks, net of related valuation allowances and

net of DTLs.

(ii) All advanced approaches holding companies

(Column B)

Report the amount in Schedule HC-R, Part I, item 5, less

the amounts in Schedule HC-R, Part I, items 6 through 11.

This subtotal will be used in Schedule HC-R, Part I,

items 13.b, 14.b, 15.b, and 16, to calculate the amounts of

items subject to the 10 and 15 percent common equity

tier 1 capital threshold deductions (threshold items):

• Significant investments in the capital of unconsolidated

financial institutions in the form of common stock, net

of DTLs,

• MSAs, net of associated DTLs; and

• DTAs arising from temporary differences that could

not be realized through net operating loss carrybacks,

net of related valuation allowances and net of DTLs.

Note: Item 13.a should only be completed by nonadvanced approaches holding companies.

Line Item 13.a LESS: Investments in the capital of

unconsolidated financial institutions, net of

associated DTLs, that exceed 25 percent of item 12.

Items that are not deducted from the appropriate capital

tier, are risk-weighted based on the exposure on HC-R,

Part II, except for holding companies under the CBLR

framework. Holding companies have the flexibility when

deciding which investments in the capital of unconsolidated financial institutions to risk weight and which to

deduct.

Report the amount of investments in the capital of

unconsolidated financial institutions, net of associated

DTLs, that exceed the 25 percent common equity tier 1

capital deduction threshold, calculated as follows:

(1) Determine the amount of investments in the capital

of unconsolidated financial institutions, net of associated DTLs.

(2) If the amount in (1) is greater than 25 percent of

Schedule HC-R, Part I, item 12 (Column A), report

the difference across Schedule HC-R, Part I,

items 13.a, 24 or 43, depending on the tier of capital

the investments in the capital of unconsolidated

financial institutions qualifies. As mentioned above,

the holding company can elect which investments it

must deduct and which it must risk weight. Depending on the holding company’s election and the component of capital for which the underlying instrument

would qualify will determine if it will be deducted

and reported in Schedule HC-R, Part I, item 13.a or

be deducted and reported in Schedule HC-R, Part I,

item 24 or 43.

(3) If the amount in (1) is less than 25 percent of

Schedule HC-R, Part I, item 12 (Column A), report

zero in this item 13.a.

If the holding company included embedded goodwill in

Schedule HC-R, Part I, item 6, to avoid double counting,

the holding company may net such embedded goodwill

already deducted against the exposure amount of the

investment. For example, if a holding company has

deducted $10 of goodwill embedded in a $100 investment in the capital of an unconsolidated financial institution, the holding company would be allowed to net such

embedded goodwill against the exposure amount of such

investment (that is, the value of the investment would be

$90 for purposes of the calculation of the amount that

would be subject to deduction).

Schedule HC-R

FR Y-9C HC-R-17

Schedule HC-R March 2020
Example and a worksheet calculation:

Assumptions:

For this example, assume that a holding company:

• has $20 of total investments in the capital of unconsolidated financial institutions,

• of that $20, $9 are investments in common equity tier 1

capital instruments, $7 are investments in tier 1 capital

instruments, and $4 are investments in tier 2 capital

instruments,

• has total common equity tier 1 capital subtotal (reported

on Part I, line item 12 (Column A) of $60

• has total additional tier 1 capital of $20

• has total tier 2 capital of $3

Since the community bank leverage ratio framework

does not have a total capital requirement, a CBLR

electing holding company is neither required to calculate

tier 2 capital nor make any deductions that would have

been taken from tier 2 capital under the generally applicable rule. Therefore, if a CBLR electing holding company has investments in the capital instruments of an

unconsolidated financial institution that would qualify as

tier 2 capital of the CBLR electing holding company

under the generally applicable rule (tier 2 qualifying

investments), and the holding company’s total investments in the capital of unconsolidated financial institutions exceed the threshold for deduction, the holding

company is not required to deduct the tier 2 qualifying

investments.

Example for a CBLR electing holding company and a

worksheet calculation:

Assumptions:

For example, assume that a holding company:

• has $20 of total investments in the capital of unconsolidated financial institutions,

• of that $20, $15 are investments in tier 1 capital

instruments, and $5 are investments in tier 2 capital

instruments,

• has total common equity tier 1 capital subtotal (reported

in Schedule HC-R, Part I, line item 12 (Column A)

of $60

Note: Item 13.b should only be completed by advanced

holding companies.

Line Item 13.b LESS: Significant investments in

the capital of unconsolidated financial institutions in

the form of common stock, net of associated DTLs,

that exceed the 10 percent common equity tier 1

capital deduction threshold.

A holding company has a significant investment in the

capital of an unconsolidated financial institution when it

owns more than 10 percent of the issued and outstanding

common shares of that institution.

(13.a) Non-CBLR electing holding company worksheet

(1) Total investments in the capital of unconsolidated

financial institutions

$20

(2) Multiply the total common equity tier 1 capital subtotal

by 25 percent.

$60 x 25% = $15

(3) Determine if (1) is greater than (2), and if so, the difference between (1) and (2) must be deducted from regulatory capital.

$20 > $15, so the amount deducted is $20 - $15 = $5

(4) The amount of investments deducted from regulatory

capital can be deducted from the corresponding total

amounts of regulatory capital held by the holding

company that meet each type of capital, as a holding

company chooses.

Total of $5 must be deducted from regulatory capital.

Of that, $3 will be deducted from the holding company’s $3 of tier 2 capital, and $2 will be deducted

from the holding company’s $20 of additional tier 1

capital. No deduction from common equity tier 1 will

be reported in item 13.a.

Schedule HC-R

HC-R-18 FR Y-9C

Schedule HC-R June 2020
Report the amount of significant investments in the

capital of unconsolidated financial institutions in the

form of common stock, net of associated DTLs, that

exceed the 10 percent common equity tier 1 capital

deduction threshold, calculated as follows:

(1) Determine the amount of significant investments in

the capital of unconsolidated financial institutions in

the form of common stock, net of associated DTLs.

(2) If the amount in (1) is greater than 10 percent of

Schedule HC-R, Part I, item 12 (Column B), report

the difference in this item 13.b.

(3) If the amount in (1) is less than 10 percent of

Schedule HC-R, Part I, item 12 (Column B), report

zero in this item 13.b.

If the holding company included embedded goodwill in

Schedule HC-R, Part I, item 6, to avoid double counting,

the holding company may net such embedded goodwill

already deducted against the exposure amount of the

significant investment. For example, if a holding company has deducted $10 of goodwill embedded in a $100

significant investment in the capital of an unconsolidated

financial institution in the form of common stock, the

holding company would be allowed to net such embedded goodwill against the exposure amount of such significant investment (that is, the value of the investment

would be $90 for purposes of the calculation of the

amount that would be subject to deduction).

For advanced approaches holding companies, apply a

250 percent risk-weight to the aggregate amount of the

items subject to the 10 and 15 percent common equity

tier 1 capital deduction thresholds that are not deducted

from common equity tier 1 capital, without regard to any

associated DTLs. Report this amount in Schedule HC-R,

Part II, item 2.b, 7, or 8, as appropriate.

Note: Item 14.a is to be completed only by nonadvanced approaches holding companies.

Line Item 14.a LESS: MSAs, net of associated

DTLs, that exceed the 25 percent common equity

tier 1 capital deduction threshold.

Report the amount of MSAs included in Schedule HC-M,

item 12(a), net of associated DTLs, that exceed the 25

percent common equity tier 1 capital deduction threshold

as follows:

(1) Take the amount of MSAs as reported in Schedule

HC-M, item 12(a), net of associated DTLs.

(2) If the amount in (1) is higher than 25 percent of

Schedule HC-R, Part I, item 12 (Column A), report

the difference in this item 14.a.

(13.a) CBLR electing holding company worksheet

(1) Total investments in the capital of unconsolidated

financial institutions

$20

(2) Multiply the total common equity tier 1 capital subtotal

by 25 percent.

$60 x 25% = $15

(3) Determine if (1) is greater than (2), and if so, the

difference between (1) and (2) must be deducted from

regulatory capital.

$20 > $15, so the amount deducted is $20 - $15 = $5

(4) The amount of investments deducted from regulatory

capital can be deducted from the corresponding total

amounts of regulatory capital held by the holding

company that meet each type of capital, as a holding

company chooses.

Total of $5 must be deducted from regulatory capital.

Since holding companies have the flexibility to choose

which items are deducted, they can elect to allocate the

tier 1 investments first. As a result, the remaining

investment that exceeds the threshold would be tier 2

instruments. Therefore, since CBLR electing holding

companies are not required to make tier 2 deductions,

no deduction is necessary.

Schedule HC-R

FR Y-9C HC-R-19

Schedule HC-R June 2020
(3) If the amount in (1) is lower than 25 percent of

Schedule HC-R, Part I, item 12 (Column A), enter

zero in this item 14.a.

All holding companies must apply a 250 percent riskweight to MSAs that are not deducted from common

equity tier 1 capital, without regard to any associated

DTLs, except for holding companies that are subject to

the community bank leverage ratio (CBLR) framework.

Example and a worksheet calculation:

Assumptions:

For this example, assume that a holding company:

• has $20 of MSAs, net of associated DTLs,

• has total common equity tier 1 capital subtotal (reported

on Schedule HC-R, Part I, line item 12 (Column A)

of $60

Note: Item 14.b is to be completed only by advanced

approaches holding companies.

Line Item 14.b LESS: MSAs, net of associated

DTLs, that exceed the 10 percent common equity

tier 1 capital deduction threshold.

Report the amount of MSAs included in Schedule HC-M,

item 12.a, net of associated DTLs, that exceed the 10

percent common equity tier 1 capital deduction threshold

as follows:

(1) Take the amount of MSAs as reported in Schedule

HC-M, item 12.a, net of associated DTLs.

(2) If the amount in (1) is greater than 10 percent of

Schedule HC-R, Part I, item 12 (Column B), report

the difference in this item 14.b.

(3) If the amount in (1) is less than 10 percent of

Schedule HC-R, Part I, item 12 (Column B), enter

zero in this item 14.b.

For advanced approaches holding companies, apply a

250 percent risk-weight to MSAs that are not deducted

from common equity tier 1 capital, without regard to any

associated DTLs.

Example and a worksheet calculation:

Assumptions:

For this example, assume that a holding company:

• Has $20 of DTAs arising from temporary differences

that could not be realized through net operating loss

carrybacks net of any related valuation allowances and

net of associated DTLs, and

• Has total common equity tier 1 capital subtotal (reported

in Schedule HC-R, Part I, item 12, (column B) of $60.

(14.a) Non-Advanced approaches holding company worksheet

(1) Total amount of MSAs, net of associated DTLs $20

(2) Multiply the total common equity tier 1 capital subtotal by 25%. $60 x 25% = $15

(3) Determine if (1) is greater than (2), and if so, the difference between (1) and (2)

must be deducted from regulatory capital.

$20 > $15, so the amount

deducted is $20 - $15 = $5

(14.b) Advanced approaches holding company worksheet

(1) Total amount of MSAs, net of associated DTLs $20

(2) Multiply the total common equity tier 1 capital subtotal

by 10%.

$60 x 10% = $6

(3) Determine if (1) is greater than (2), and if so,

the difference between (1) and (2) must be deducted

from regulatory capital.

$20 > $6, so the amount deducted is $20 - $6 = $14

Schedule HC-R

HC-R-20 FR Y-9C

Schedule HC-R June 2020
Note: Item 15.a is to be completed only by nonadvanced approaches holding companies.

Line Item 15.a LESS: DTAs arising from

temporary differences that could not be realized

through net operating loss carrybacks, net of

related valuation allowances and net of DTLs, that

exceed the 25 percent common equity tier 1 capital

deduction threshold.

(1) Determine the amount of DTAs arising from temporary differences that the holding company could not

realize through net operating loss carrybacks net of

any related valuation allowances and net of associated DTLs (for example, DTAs resulting from the

holding company’s ALLL or allowances for credit

losses (ACL), as applicable).

(2) If the amount in (1) is higher than 25 percent of

Schedule HC-R, Part I, item 12 (Column A), report

the difference in this item 15.a.

(3) If the amount in (1) is lower than 25 percent of

Schedule HC-R, Part 1, item 12, enter zero in this

item 15.a.

DTAs arising from temporary differences that could be

realized through net operating loss carrybacks are not

subject to deduction, and instead must be assigned a 100

percent risk weight, except for holding companies that

have a community bank leverage ratio (CBLR) framework election in effect as of the quarter-end report date.

All holding companies, apply a 250 percent risk-weight

to DTAs arising from temporary differences that could

not be realized through net operating loss carrybacks that

are not deducted from common equity tier 1 capital,

without regard to any associated DTLs, except for holding companies CBLR framework election effect as of the

quarter-end report date.

A holding company that has adopted FASB Accounting

Standards Update No. 2016-13 (ASU 2016-13), which

governs the accounting for credit losses and introduces

the current expected credit losses methodology (CECL),

and has elected to apply the 3-year CECL transition

provision (3-year CECL electing holding company)

should decrease its DTAs arising from temporary differences by the applicable DTA transitional amount in

accordance with section 301 of the regulatory capital

rules. Specifically, a 3-year CECL electing holding company should reduce the amount of its DTAs arising from

temporary differences by 75 percent of its DTA transitional amount during the first year of the transition

period, 50 percent of its DTA transitional amount during

the second year of the transition period, and 25 percent of

its DTA transitional amount during the third year of the

transition period (see Table 2 in the General Instructions

for HC-R, Part I).

A holding company that has adopted ASU 2016-13 and

has elected to apply the 5-year 2020 CECL transition

provision (5-year CECL electing holding company)

should decrease its DTAs arising from temporary differences by the applicable DTA transitional amount in

accordance with section 301 of the regulatory capital

rules. Specifically, a 5-year CECL electing holding company should reduce the amount of its DTAs arising from

temporary differences by 100 percent of its DTA transitional amount during the first and second years of the

transition period, 75 percent of its DTA transitional

amount during the third year of the transition period,

(15.a) Non-Advanced approaches holding company worksheet

(1) Total amount of DTAs arising from temporary differences that could

not be realized through net operating loss carrybacks net of any

related valuation allowances and net of associated DTLs.

$20

(2) Multiply the total common equity tier 1 capital subtotal by

25 percent.

$60 x 25% = $15

(3) Determine if (1) is greater than (2), and if so, the difference

between (1) and (2) must be deducted from regulatory capital.

$20 > $15, so the amount deducted is $20 -

$15 = $5

Schedule HC-R

FR Y-9C HC-R-21

Schedule HC-R June 2021
50 percent of its DTA transitional amount during the

fourth year of the transition period, and 25 percent of its

DTA transitional amount during the fifth year of the

transition period (see Example of Application of the

5-Year 2020 CECL Transition Provision for Third Quarter 2020, in the General Instructions for HC-R, Part I).

Example and a worksheet calculation:

Assumptions:

For this example, assume that a holding company:

• Has $20 of DTAs arising from temporary differences

that could not be realized through net operating loss

carrybacks net of any related valuation allowances and

net of associated DTLs, and

• Has total common equity tier 1 capital subtotal (reported

in Schedule HC-R, Part I, item 12, (column B) of $60.

Note: Item 15.b is to be completed only by advanced

approaches holding companies.

Line Item 15.b LESS: DTAs arising from

temporary differences that could not be realized

through net operating loss carrybacks, net of

related valuation allowances and net of DTLs, that

exceed the 10 percent common equity tier 1 capital

deduction threshold.

(1) Determine the amount of DTAs arising from temporary differences that could not be realized through net

operating loss carrybacks net of any related valuation

allowances and net of associated DTLs (for example,

DTAs resulting from the holding company’s allowance for loan and lease losses (ALLL) or allowances

for credit losses (ACL), as applicable).

(2) If the amount in (1) is greater than 10 percent of

Schedule HC-R, Part I, item 12 (Column B), report

the difference in this item 15.b.

(3) If the amount in (1) is less than 10 percent of

Schedule HC-R, Part I, item 12 (Column B), enter

zero in this item 15.b.

DTAs arising from temporary differences that could be

realized through net operating loss carrybacks are not

subject to deduction, and instead must be assigned to a

100 percent risk-weight category.

For advanced approaches holding companies, apply a

250 percent risk-weight to DTAs arising from temporary

differences that could not be realized through net operating loss carrybacks that are not deducted from common

equity tier 1 capital, without regard to any associated

DTLs.

A holding company that has adopted FASB Accounting

Standards Update No. 2016-13 (ASU 2016-13), which

governs the accounting for credit losses and introduces

the current expected credit losses methodology (CECL),

and has elected to apply the 3-year CECL transition

provision (3-year CECL electing holding company)

should decrease its DTAs arising from temporary differences by the applicable DTA transitional amount in

accordance with section 301 of the regulatory capital

rules. Specifically, a 3-year CECL electing holding company should reduce the amount of its DTAs arising from

temporary differences by 75 percent of its DTA transitional amount during the first year of the transition

period, 50 percent of its DTA transitional amount during

the second year of the transition period, and 25 percent of

its DTA transitional amount during the third year of the

transition period (see Table 1 in the in the General

Instructions for HC-R, Part I).

(15.b) Advanced approaches holding company worksheet

(1) Total amount of DTAs arising from temporary differences that could not be realized

through net operating loss carrybacks net of any related valuation allowances and net

of associated DTLs,

$20

(2) Multiply the total common equity tier 1 capital subtotal by 10%. $60 x 10% = $6

(3) Determine if (1) is greater than (2), and if so, the difference between (1) and (2)

must be deducted from regulatory capital.

$20 > $6, so the amount

deducted is

$20 - $6 = $14

Schedule HC-R

HC-R-22 FR Y-9C

Schedule HC-R June 2021
A holding company that has adopted ASU 2016-13 and

has elected to apply the 5-year 2020 CECL transition

provision (5-year CECL electing holding company)

should decrease its DTAs arising from temporary differences by the applicable DTA transitional amount in

accordance with section 301 of the regulatory capital

rules. Specifically, a 5-year CECL electing holding company should reduce the amount of its DTAs arising from

temporary differences by 100 percent of its DTA transitional amount during the first and second years of the

transition period, 75 percent of its DTA transitional

amount during the third year of the transition period,

50 percent of its DTA transitional amount during the

fourth year of the transition period, and 25 percent of its

DTA transitional amount during the fifth year of the

transition period (see Example of Application of the

5-Year 2020 CECL Transition Provision in the General

Instructions for HC-R, Part I).

Example and a worksheet calculation:

Assumptions:

For this example, assume that a holding company:

• has $20 of DTAs arising from temporary differences

that could not be realized through net operating loss

carrybacks net of any related valuation allowances and

net of associated DTLs,

• has total common equity tier 1 capital subtotal (reported

on Schedule HC-R, Part I, line item 12 (Column B)

of $60

Note: Item 16 is to be completed only by advanced

approaches holding companies. Non-advanced

approaches holding companies, proceed to item 17.

Line Item 16 LESS: Amount of significant

investments in the capital of unconsolidated

financial institutions in the form of common stock,

net of associated DTLs; MSAs, net of associated

DTLs; and DTAs arising from temporary

differences that could not be realized through net

operating loss carrybacks, net of related valuation

allowances and net of DTLs; that exceeds the

15 percent common equity tier 1 capital deduction

threshold.

The aggregate amount of the threshold items (that is,

significant investments in the capital of unconsolidated

financial institutions in the form of common stock, net of

associated DTLs; MSAs, net of associated DTLs; and

DTAs arising from temporary differences that could not

be realized through net operating loss carrybacks, net of

related valuation allowances and net of DTLs) may not

exceed 15 percent of the holding company’s common

equity tier 1 capital, net of applicable adjustments and

deductions (the 15 percent common equity tier 1 capital

deduction threshold).

Example and a worksheet calculation for advanced

approaches holding companies:

Assumptions:

• The amount reported in Schedule HC-R, Part I, item 12

(Column B) is $130. (This amount is common equity

tier 1 after all deductions and adjustments, except for

deduction of the threshold items).

• Assume that the associated DTLs are zero; also assume

the following balance sheet amounts prior to deduction

of these items:

o Significant investments in the common shares of

unconsolidated financial institutions net of associated DTLs = $10.

o MSAs net of associated DTLs = $20

o DTAs arising from temporary differences that could

not be realized through net operating loss carrybacks net of any related valuation allowances and

net of DTLs = $30.

Schedule HC-R

FR Y-9C HC-R-23

Schedule HC-R March 2021
(16) Advanced approaches holding company worksheet

(1) Aggregate amount of threshold items before deductions Enter the sum of:

a. Significant investments in the capital of unconsolidated financial institutions in the form

of common stock, net of associated DTLs (Schedule HC-R, Part I, item 13.b, step 1);

$10

b. MSAs net of associated DTLs (Schedule HC-R, Part I, item 14.b, step 1); and $20

c. DTAs arising from temporary differences that could not be realized through net

operating loss carrybacks, net of any related valuation allowance and net of DTLs

(Schedule HC-R, Part I, item 15.b, step 1).

$30

d. Total of a, b, and c: $60

(2) The 10 percent common equity tier 1 capital deduction threshold

Multiply the amount reported in Schedule HC-R, Part I, item 12, column B, by 10 percent. $130 * 10% =

$13

(3) Amount of threshold items deducted as a result of the 10 percent common equity

tier 1 capital deduction threshold

a. Significant investments in the capital of unconsolidated financial institutions in the form

of common stock net of associated DTLs (as reported in Schedule HC-R, Part I, item

13.b)

$0

b. MSAs net of associated DTLs (as reported in Schedule HC-R, Part I, item 14.b) $20 - $13 = $7

c. DTAs arising from temporary differences that could not be realized through net operating loss carrybacks, net of related valuation allowances and net of DTLs (as reported in

Schedule HC-R, Part I, item 15.b)

$30 - $13 = $17

(4) Sum of threshold items not deducted as a result of the 10 percent common equity

tier 1 capital deduction threshold

Enter the sum of:

a. Significant investments in the capital of unconsolidated financial institutions in the form

of common stock net of associated DTLs that are not deducted (that is, the difference

between the amount in step (1)(a) of this table and step 3(a) of this table)

$10

b. MSAs that are not deducted (that is, the difference between the amount in step (1)(b) of

this table and step 3(b) of this table)

$20 - $7 = $13

c. DTAs arising from temporary differences that could not be realized through net operating loss carrybacks, net of related valuation allowances and net of DTLs that are not

deducted (that is, the difference between the amount in step (1)(c) of this table and step

(3)(c) of this table)

$30 - $17 = $13

d. Total of a, b, and c $10 + $13 + $13

= $36

(5) The 15 percent common equity tier 1 capital deduction threshold

Calculate as follows:

Schedule HC-R

HC-R-24 FR Y-9C

Schedule HC-R March 2020
a. Substract the amount calculated in step (1)(d) of this table from Schedule HC-R,

Part I, item 12, column B;

b. Multiply the resulting amount by 17.65 percent

($130 - $60) x

17.65% = $12.36

Rounds to $12

(6) Amount of threshold items that exceed the 15 percent common equity tier 1 capital

deduction threshold

Report as follows:

a. If the amount in step (4)(d) is greater than the amount in step (5), then subtract (5) from

(4)(d) and report this number in Schedule HC-R, Part I, item 16. (In addition, the holding company must risk-weight the items that are not deducted at 250 percent in the

risk-weighted asset section of this form.)

b. If the amount in step (4)(d) is less than the amount in step (5), report zero in Schedule

HC-R, Part I, item 16.

The amount in

step 4(d) ($36) is

greater than the

amount in step 5

($12).

Therefore:

$36 - $12 = $24

(7) If the amount in step (6) is above zero, then pro-rate the threshold items’ deductions as

follows:

a. Significant investments in the capital of unconsolidated financial institutions in the form

of common stock: multiply (6)(a) by the ratio of (1)(a) over (1)(d).

b. MSAs net of associated DTAs: multiply (6)(a) by the ratio of (1)(b) over (1)(d).

c. DTAs arising from temporary differences that could not be realized through net operating loss carrybacks: multiply (6)(a) by the ratio of (1)(c) over (1)(d).

a. $12 x (10/60)

= $2

b. $12 x (20/60)

= $4

c. $12 x (30/60)

= $6.

Line Item 17 LESS: Deductions applied to

common equity tier 1 capital due to insufficient

amounts of additional tier 1 capital and tier 2

capital to cover deductions.

(i) All non-advanced approaches holding companies

(Column A)

Report the total amount of deductions related to investments in own additional tier 1 and tier 2 capital instruments, reciprocal cross-holdings, and investments in the

capital of unconsolidated financial institutions if the

reporting holding company does not have a sufficient

amount of additional tier 1 capital before deductions

(reported in Schedule HC-R, Part I, item 23) and tier 2

capital before deductions (reported in Schedule HC-R,

Part I, item 42.a) to absorb these deductions in Schedule

HC-R, Part I, items 24 or 43, as appropriate.

Since the community bank leverage ratio framework

does not have a total capital requirement, a CBLR

electing holding company is neither required to calculate

tier 2 capital nor make any deductions that would have

been taken from tier 2 capital under the generally applicable rule. Therefore, if a CBLR electing holding company has investments in the capital instruments of an

unconsolidated financial institution that would qualify as

tier 2 capital of the CBLR electing holding company

under the generally applicable rule (tier 2 qualifying

investments), and the holding company’s total investments in the capital of unconsolidated financial institutions exceed the threshold for deduction, the holding

company is not required to deduct the tier 2 qualifying

investments.

(ii) All advanced approaches holding companies

(Column B)

Report the total amount of deductions related to investments in own additional tier 1 and tier 2 capital instruments; investments in own covered debt instruments, if

Schedule HC-R

FR Y-9C HC-R-25

Schedule HC-R June 2021
applicable; reciprocal cross holdings; investments in the

capital and covered debt instruments of unconsolidated

financial institutions; investments in excluded covered

debt instruments, as applicable;12 if the holding company

does not have a sufficient amount of additional tier 1

capital before deductions (reported in Schedule HC-R,

Part I, item 23) and tier 2 capital before deductions

(reported in Schedule HC-R, Part I, item 42.a and 42.b)

to absorb these deductions in Schedule HC-R, Part 1,

items 24 or 43, as appropriate.

Line Item 18 Total adjustments and deductions for

common equity tier 1 capital.

Report the sum of Schedule HC-R, Part I, items 13

through 17.

Line Item 19 Common equity tier 1 capital.

Report Schedule HC-R, Part I, item 12 less item 18.

Except for a CBLR electing holding company under the

community bank leverage ratio framework, the amount

reported in this item is the numerator of the holding

company’s common equity tier 1 risk-based capital ratio.

Additional tier 1 capital

Line Item 20 Additional tier 1 capital instruments

plus related surplus.

Report the portion of noncumulative perpetual preferred

stock and related surplus included in Schedule HC,

item 23, and any other capital instrument and related

surplus that satisfy all the additional tier 1 criteria in

section 20(c) of the revised regulatory capital rules of the

Board.

Include instruments that were (i) issued under the Small

Business Jobs Act of 2010, or, prior to October 4, 2010,

under the Emergency Economic Stabilization Act of

2008 and (ii) were included in the tier 1 capital under the

Board’s general risk-based capital rules (12 CFR part 225,

appendix A, and, if applicable, appendix E) (for example,

tier 1 instruments issued under the TARP program that

are grandfathered permanently). Also include additional

tier 1 capital instruments issued as part of an ESOP,

provided that the repurchase of such instruments is

required solely by virtue of ERISA for a banking organization that is not publicly-traded.

a. Depository institution holding companies with total

consolidated assets of less than $15 billion as of

December 31, 2009 and holding companies that were

mutual holding companies as of May 19, 2010 (2010

MHCs) only:

Depository institution holding companies with total consolidated assets of less than $15 billion as of December 31, 2009 and holding companies that were mutual

holding companies prior to May 19, 2010, (2010 MHCs)

may include non-qualifying capital instruments (e.g.,

TruPS and cumulative perpetual preferred stock) issued

prior to May 19, 2010, in additional tier 1 or tier 2 capital

if the instrument will be included in tier 1 or tier 2 capital,

respectively, as of January 1, 2014. Such non-qualifying

capital instruments includable in tier 1 capital are subject

to a limit of 25 percent of tier 1 capital elements,

excluding any non-qualifying capital instruments and

after all regulatory capital deductions and adjustments

have been applied to tier 1 capital.

Line Item 21 Non-qualifying capital instruments

subject to phase out from additional tier 1 capital.

Report the total amount of non-qualifying capital instruments that were included in tier 1 capital and outstanding

as of January 1, 2014, as follows:

a. Depository institution holding companies13 with

total consolidated assets of less than $15 billion as of

December 31, 2009 and 2010 MHCs:

This line item is generally not applicable to nonqualifying capital instruments issued by depository institution holding companies with total consolidated assets

of less than $15 billion and 2010 MHCs prior to May 19,

2010, because these institutions may include nonqualifying regulatory capital instruments in additional

tier 1 capital as described in Schedule HC-R, item 20.

Non-qualifying capital instruments that are not included

in additional tier 1 capital as a result of the 25 percent

limit, described in section 300(c)(3)(ii) of the revised

regulatory capital rules, may be included in tier 2 capital

in item 27.

b. Depository institution holding companies with

total consolidated assets of $15 billion or more as of

December 31, 2009 that are not 2010 MHCs:

12. Excluded covered debt instrument is defined in 12 CFR 217.2.

13. Depository institution holding company means a bank holding

company or savings and loan holding company.

Schedule HC-R

HC-R-26 FR Y-9C

Schedule HC-R June 2021
Depository institution holding companies with total consolidated assets of $15 billion or more as of December 31, 2009, that are not 2010 MHCs must phase out

non-qualifying capital instruments (that is, debt or equity

instruments that do not meet the criteria for additional

tier 1 or tier 2 capital instruments in section 20 of the

revised regulatory capital rules, but that were issued and

included in tier 1 or tier 2 capital, respectively, prior to

May 19, 2010) as set forth in Table 3, starting on

January 1, 2014, for an advanced approaches holding

company that is not an SLHC and starting January 1,

2015, for a non-advanced approaches holding company.

If non-advanced approaches holding companies have

non-qualifying capital instruments that are excluded from

tier 1 capital, such non-qualifying capital instruments can

be included in tier 2 capital, without limitation, provided

the instruments meet the criteria for tier 2 capital set forth

in section 20(d) of the revised regulatory capital rules.

For the case of advanced approaches holding companies,

non-qualifying capital instruments that are phased out of

tier 1 capital under Table 3 are fully includable in tier 2

capital until December 31, 2015. From January 1, 2016,

until December 31, 2021, these holding companies are

required to phase out such non-qualifying capital instruments from tier 2 capital in accordance with the percentage in Table 3, in line item 38.

Transition provisions for non-qualifying capital instruments includable in additional tier 1 or tier 2 capital:

Table 3 applies separately to additional tier 1 and tier 2

non-qualifying capital instruments. For example, an

advanced approaches holding company may include up

to 50 percent of non-qualifying capital instruments in

additional tier 1 capital during calendar year 2014 but it

cannot include any such instruments in additional tier 1

capital starting in calendar year 2016.

If the holding company is involved in a merger or

acquisition, it should treat its non-qualifying capital

instruments following the requirements in section 300 of

the Board’s revised regulatory capital rules.

Line Item 22 Tier 1 minority interest not included

in common equity tier 1 capital.

Report the amount of tier 1 minority interest not included

in common equity tier 1 capital that is includable at the

consolidated level, calculated as described below in

section 21 of the regulatory capital rules.

(i) All holding companies, except advanced approaches

holding companies

Non-advanced approaches holding companies are able to

include tier 1 minority interest up to 10 percent of the

parent holding company’s tier 1 capital. The 10 percent

limitation is measured before the inclusion of any minority interest and after the deductions from and adjustments

to the regulatory capital of the parent holding company

described in sections 22(a) and (b) of the capital rule.

Tier 1 minority interest is the portion of tier 1 capital in a

reporting holding company’s subsidiary not attributable,

directly or indirectly, to the parent holding company.

Note that a holding company may only include tier 1

minority interest if the capital instruments issued by the

subsidiary meet all of the criteria for tier 1 capital

(qualifying tier 1 capital instruments).

Example and a worksheet calculation: Calculate tier 1

minority interest not included in common equity tier 1

Table 3—Percentage of non-qualifying capital instruments includable in additional tier 1 or tier 2 capital during the

transition period

Transition period Percentage of non-qualifying capital instruments includable in additional

tier 1 or tier 2 capital for a depository institution holding company of

$15 billion or more

Calendar year 2014 50

Calendar year 2015 25

Calendar year 2016

and thereafter 0

Schedule HC-R

FR Y-9C HC-R-27

Schedule HC-R June 2021
minority interest includable at the reporting holding

company’s level as follows:

Assumptions:

• This is a continuation of the example for all holding

companies, except advanced approaches holding companies, used in the instructions for Schedule HC-R,

Part I, item 4.

• Assumptions and calculation from Schedule HC-R,

Part I, item 4:

o The parent holding company’s common equity tier 1

before minority interest and common equity tier 1

capital adjustments and deductions is $100.

o Common equity tier 1 capital adjustments and

deductions is $10.

• The parent holding company’s additional tier 1 capital

instruments before minority interest and additional

tier 1 deductions equal $15.

• Additional tier 1 capital deductions equal $4.

• Subsidiary A has $6 of additional tier 1 minority

interest (that is, owned by minority shareholders).

• Subsidiary B has $6 of additional tier 1 minority

interest (that is, owned by minority shareholders).

• The subsidiary’s tier 1 minority interest (that is, owned

by minority shareholders) is $24 ($12 of common

equity tier 1 minority interest and $12 of minority

interest in the form of additional tier 1 instruments).

(ii) Advanced approaches holding companies

For each consolidated subsidiary, perform the calculations in steps (1) through (10) of the worksheet below.

Sum up the results from step 10 for each consolidated

subsidiary and report the aggregate number in this

item 22.

For tier 1 minority interest, there is no requirement that

the subsidiary be a depository institution or a foreign

bank. However, the instrument that gives rise to tier 1

minority interest must meet all the criteria for either

common equity tier 1 capital or additional tier 1 capital

instrument.

Example and a worksheet calculation: Calculate tier 1

minority interest not included in common equity tier 1

capital includable at the holding company level as follows:

Assumptions:

• This is a continuation of the example used for common

equity tier 1 minority interest from Schedule HC-R,

item 4.

• For this example, assume that risk-weighted assets of

the subsidiary are the same as the risk-weighted assets

(22.i) Non-advanced approaches holding company worksheet

(1) Common equity tier 1 capital before CET1 minority interest + Additional tier 1

capital instruments before minority interest - additional tier 1 capital deductions

= Schedule HC-R, Part I, sum of items 19, 20, and 21, minus item 4 minus

item 24.

$90 + $15 - $4

= $101

(2) Multiply step (1) by 10 percent. This is the maximum includable tier 1 minority

interest from all subsidiaries.

$101 x 10%

= $10.1

(3) Determine the lower of (2) or the tier 1 minority interest from all subsidiaries. Minimum of (10.1 from step 2

or $24 from the assumptions)

= $10.1

(4) From (3), subtract out the common equity tier 1 minority interest reported in

Schedule HC-R, Part I, item 4. This is the “tier 1 minority interest not included

in common equity tier 1 minority interest includable at the reporting holding

company’s level” to be included in Schedule HC-R, Part I, item 22.

$10.1 - $9 = $1.1

Schedule HC-R

HC-R-28 FR Y-9C

Schedule HC-R March 2020
of the holding company that relate to the subsidiary

$1,000 in each case.

• Subsidiary’s tier 1 capital: $110, which is composed of

subsidiary’s common equity tier 1 capital of $80 and

additional tier 1 capital of $30.

• Subsidiary’s common equity tier 1 owned by minority

shareholders: $24.

• Subsidiary’s additional tier 1 capital owned by minority shareholders: $15.

• Other relevant numbers are taken from the example in

Schedule HC-R, item 4.

(22.ii) Advanced approaches holding company worksheet

(1) Determine the risk-weighted assets of the subsidiary. $1,000

(2) Using the standarized approach, determine the risk-weighted assets of the reporting institution that relate to the subsidiary. Note that the amount in this step (2) may differ from the

amount in step (1) due to intercompany transactions and eliminations in consolidation.

$1,000

(3) Multiply the lower of (1) or (2) by 8.5 percent.14 $1,000 x 8.5% =

$85

(4) Determine the dollar amount of tier 1 capital for the subsidiary. If this amount is less than

step (3), enter the sum of common equity tier 1 and additional tier 1 minority interest ($39

in this example) in step (9). Otherwise continue on to step (5).

$110

(5) Subtract the amount in step (3) from the amount in step (4). This is the “surplus tier 1 capital of the subsidiary.”$110 - $85 = $25

(6) Determine the percent of the subsidiary’s qualifying tier 1 capital instruments that are

owned by third parties (the minority shareholders).

$24 + 15 = $39.

Then $39/$110

= 35.45%

(7) Multiply the percentage from step (6) by the dollar amount in step (5). This is the “surplus

tier 1 minority interest of the subsidiary.”

35.45% x $25

= $8.86

(8) Determine the total amount of tier 1 minority interest of the subsidiary. Then subtract the

surplus tier 1 minority interest of the subsidiary (step 7) from this amount.

$24 + $15 = $39.

Then $39 - $8.86

= $30.14

(9) The “tier 1 minority interest includable at the holding company level” is the amount from

step (8) (or from step (4) when there is no surplus tier 1 minority interest of the subsidiary).

$30.14

(10) Subtract any minority interest that is included in common equity tier 1 capital (from Schedule HC-R, Part I, item 4). The result is the minority interest included in additional tier 1

capital.

$30.14 - $21

(from example in

item 4) = $9.14.

Note: As indicated, this example built onto the example

under the instructions for item 4, where the subsidiary

was a depository institution, and where its common

equity tier 1 minority interest was includable in common

equity tier 1 capital. However, if this were a subsidiary

other than a depository institution, none of its minority

interest arising from common equity tier 1 would have

been includable in common equity tier 1 capital. If the

14. The percentage multiplier in step (3) is the capital ratio necessary for the subsidiary to avoid restrictions on distributions and discretionary bonus

payments. Advanced approaches holding companies must adjust this percentage to account for all applicable capital buffers.

Schedule HC-R

FR Y-9C HC-R-29

Schedule HC-R June 2020
subsidiary in the example were not a depository institution, the full calculated amount of minority interest

($30.14) would be includable in additional tier 1 capital

of the reporting holding company since none of it would

have been includable in common equity tier 1 capital.

Line Item 23 Additional tier 1 capital before

deductions.

Report the sum of Schedule HC-R, Part, I, items 20, 21,

and 22.

Line Item 24 LESS: Additional tier 1 capital

deductions.

Report additional tier 1 capital deductions as the sum of

the following elements:

Note that a holding company should report additional

tier 1 capital deductions in item 24 irrespective of the

amount of additional tier 1 capital before deductions

reported in Schedule HC-R, Part I, item 23. If a holding

company does not have a sufficient amount of additional

tier 1 capital before deductions in Schedule HC-R, Part I,

item 23 to absorb these deductions, then the holding

company must deduct the shortfall from common equity

tier 1 capital in (Schedule HC-R, Part I, item 17). For

example, if a holding company reports $0 of “Additional

tier 1 capital” before deductions in Schedule HC-R,

Part I, item 23 and has $100 of additional tier 1 capital

deductions, the holding company would report $100 in

Schedule HC-R, Part I, item 24, and add $100 to the

amount to be reported in Schedule HC-R, Part I, item 17

and report $0 in Schedule HC-R, Part I, item 25, “Additional tier 1 capital.”

(i) Non-advanced approaches holding companies

(1) Investments in own additional tier 1 capital instruments.

Report the holding company’s investments in (including

any contractual obligation to purchase) its own additional

tier 1 capital instruments, whether held directly or indirectly.

A holding company may deduct gross long positions net

of short positions in the same underlying instrument only

if the short positions involve no counterparty risk.

The holding company must look through any holdings of

index securities to deduct investments in its own capital

instruments. In addition:

(i) Gross long positions in investments in a holding

company’s own regulatory capital instruments

resulting from holdings of index securities may be

netted against short positions in the same index;

(ii) Short positions in index securities that are hedging

long cash or synthetic positions can be decomposed to recognize the hedge; and

(iii) The portion of the index that is composed of the

same underlying exposure that is being hedged

may be used to offset the long position if both the

exposure being hedged and the short position in the

index are covered positions under the market risk

capital rule, and the hedge is deemed effective by

the holding company’s internal control processes.

(2) Reciprocal cross-holdings in the capital of financial institutions.

Include investments in the additional tier 1 capital instruments of other financial institutions that the holding

company holds reciprocally, where such reciprocal crossholdings result from a formal or informal arrangement to

swap, exchange, or otherwise intend to hold each other’s

capital instruments. If the holding company does not

have a sufficient amount of a specific component of

capital to effect the required deduction, the shortfall must

be deducted from the next higher (that is, more subordinated) component of regulatory capital.

For example, if a holding company is required to deduct a

certain amount from additional tier 1 capital and it does

not have additional tier 1 capital, then the deduction

should be from common equity tier 1 capital in Schedule

HC-R, Part I, item 17.

(3) Investments in the capital of unconsolidated financial institutions that exceed the 25 percent threshold to be deducted from additional tier 1 capital.

Report the total amount of investments in the capital of

unconsolidated financial institutions in the form of additional tier 1 capital that exceed the 25 percent threshold.

(1) Determine the amount of investments in the capital

of unconsolidated financial institutions, net of associated DTLs.

(2) If the amount in (1) is greater than 25 percent of

Schedule HC-R, Part I, item 12 (Column A), report

the difference across Schedule HC-R, Part I,

items 13.a, 24 or 41, depending on the tier of capital

the investments in the capital of unconsolidated

Schedule HC-R

HC-R-30 FR Y-9C

Schedule HC-R June 2020
financial institutions qualifies. The holding company

can elect which investments it must deduct and

which it must risk weight. Depending on the holding

company’s election and the component of capital for

which the underlying instrument would qualify will

determine if it will be deducted and reported in

Schedule HC-R, Part I, item 13.a or be deducted and

reported in Schedule HC-R, Part I, item 24 or 41.

(3) If the amount in (1) is less than 25 percent of

Schedule HC-R, Part I, item 12 (Column A), no

deduction is needed.

See Schedule HC-R, Part I, item 13 for an example of

how to deduct amounts of investments in the capital of

unconsolidated financial institutions that exceed the 25%

threshold.

Since the community bank leverage ratio framework

does not have a total capital requirement, a CBLR

electing holding company is neither required to calculate

tier 2 capital nor make any deductions that would have

been taken from tier 2 capital under the generally applicable rule. Therefore, if a CBLR electing holding company has investments in the capital instruments of an

unconsolidated financial institution that would qualify as

tier 2 capital of the electing holding company under the

generally applicable rule (tier 2 qualifying investments),

and the holding company’s total investments in the

capital of unconsolidated financial institutions exceed the

threshold for deduction, the holding company is not

required to deduct the tier 2 qualifying investments.

(4) Other adjustments and deductions.

Include adjustments and deductions applied to additional

tier 1 capital due to insufficient tier 2 capital to cover

deductions (related to reciprocal cross-holdings, nonsignificant investments in the tier 2 capital of unconsolidated financial institutions, and significant investments in

the tier 2 capital of unconsolidated financial institutions).

Eligible holding companies that opt into the community

bank leverage ratio framework, are not required to calculate tier 2 capital and would not be required to make any

deductions that would be taken from tier 2 capital.

(ii) Advanced approaches holding companies

(1) Investments in own additional tier 1 capital instruments:

Report the holding company’s investments in (including

any contractual obligation to purchase) its own additional

tier 1 capital instruments, whether held directly or indirectly.

A holding company may deduct gross long positions net

of short positions in the same underlying instrument only

if the short positions involve no counterparty risk.

The holding company must look through any holdings of

index securities to deduct investments in its own capital

instruments. In addition:

(i) Gross long positions in investments in a holding

company’s own regulatory capital instrumentsresulting from holdings of index securities may be

netted against short positions in the same index;

(ii) Short positions in index securities that are hedging long cash or synthetic positions can be decomposed to recognize the hedge; and

(iii) The portion of the index that is composed of the

same underlying exposure that is being hedged

may be used to offset the long position if both the

exposure being hedged and the short position in

the index are covered positions under the market

risk capital rule, and the hedge is deemed effective by the holding company’s internal control

processes.

(2) Reciprocal cross-holdings in the capital of financial institutions.

Include investments in the additional tier 1 capital instruments of other financial institutions that the holding

company holds reciprocally, where such reciprocal crossholdings result from a formal or informal arrangement to

swap, exchange, or otherwise intend to hold each other’s

capital instruments. If the holding company does not

have a sufficient amount of a specific component of

capital to effect the required deduction, the shortfall must

be deducted from the next higher (that is, more subordinated) component of regulatory capital.

For example, if a holding company is required to deduct a

certain amount from additional tier 1 capital and it does

not have additional tier 1 capital, then the deduction

should be from common equity tier 1 capital in Schedule

HC-R, Part I, item 17.

(3) Non-significant investments in additional tier 1

capital of unconsolidated financial institutions

that exceed the 10 percent threshold for nonsignificant investments.

Schedule HC-R

FR Y-9C HC-R-31

Schedule HC-R March 2020
As noted in the instructions for HC-R, Part 1, item 11

above, a holding company has a non-significant investment in the capital of an unconsolidated financial institution if it owns 10 percent or less of the issued and

outstanding common shares of that institution.

Calculate this amount as follows:

(1) Determine the aggregate amount of non-significant

investments in the capital of unconsolidated financial

institutions in the form of common stock, additional

tier 1 capital, tier 2 capital, and covered debt instruments.

(2) Determine the amount of non-significant investments

in the capital of unconsolidated financial institutions

in the form of additional tier 1 capital.

(3) If the amount in (1) is greater than the 10 percent

threshold for non-significant investments (Schedules

HC-R, Part 1, item 11, step (4)), then multiply the

difference by the ratio of (2) over (1). Report this

product in this item 24.

(4) If the amount in (1) is less than the 10 percent

threshold for non-significant investments, report zero.

For example, assume a holding company has a total of

$200 in non-significant investments (step 1), including

$60 in the form of additional tier 1 capital (step 2), and its

10 percent threshold for non-significant investments is

$100 (as calculated in step 4 of item 11). Since the

aggregate amount of non-significant investments exceeds

the 10 percent threshold for non-significant investments

by $100 ($200-$100), the holding company must multiply $100 by the ratio of 60/200 (step 3). Thus, the

holding company would need to deduct $30 from its

additional tier 1 capital.

(4) Significant investments in the capital of unconsolidated financial institutions not in the form of

common stock to be deducted from additional

tier 1 capital.

Report the total amount of significant investments in the

capital of unconsolidated financial institutions in the

form of additional tier 1 capital.

(5) Other adjustments and deductions.

Include adjustments and deductions applied to additional

tier 1 capital due to insufficient tier 2 capital to cover

deductions (related to reciprocal cross holdings, nonsignificant investments in the tier 2 capital of unconsolidated financial institutions, significant investments in the

tier 2 capital of unconsolidated financial institutions,

significant investments in the covered debt instruments of

unconsolidated financial institutions, non-significant

investments in the covered debt instruments of unconsolidated financial institutions, and investments in excluded

covered debt instruments).

Also include adjustments and deductions related to DTAs

that arise from net operating loss and tax credit carryforwards, gain-on-sale in connection with a securitization

exposure, defined benefit pension fund assets, and changes

in fair value of liabilities due to changes in own credit

risk.

Line Item 25 Additional tier 1 capital.

Report the greater of Schedule HC-R, Part 1, item 23

minus item 24, or zero.

Tier 1 capital

Line Item 26 Tier 1 capital.

Report the sum of Schedule HC-R, Part 1, items 19

and 25.

Total Assets for the Leverage Ratio

Line Item 27 Average total consolidated assets.

All holding companies must report the amount of average

total consolidated assets as reported in Schedule HC-K,

item 9.

A holding company that has adopted FASB Accounting

Standards Update No. 2016-13 (ASU 2016-13), which

governs the accounting for credit losses and introduces

the current expected credit losses methodology (CECL),

and has elected to apply the CECL transition provision

(CECL electing holding company) should increase its

average total consolidated assets by its applicable CECL

transitional amount, in accordance with section 301(c)(1)(iv) of the regulatory capital rules. Specifically, a 3-year CECL electing holding company should

increase its average total consolidated assets as reported

on the FR Y-9C for purposes of the leverage ratio by

75 percent of its CECL transitional amount during the

first year of the transition period, 50 percent of its CECL

transitional amount during the second year of the transition period, and 25 percent of its CECL transitional

amount during the third year of the transition period (see

Table 2 in the General Instructions for HC-R, Part I).

Schedule HC-R

HC-R-32 FR Y-9C

Schedule HC-R June 2021
A holding company that has adopted ASU 2016-13 and

has elected to apply the 5-year 2020 CECL transition

provision (5-year CECL electing holding company)

should increase its average total consolidated assets by its

applicable modified CECL transitional amount, in accordance with section 301 of the regulatory capital rules.

Specifically, a 5-year CECL electing holding company

should increase its average total consolidated assets as

reported on the FR Y-9C report for purposes of the

leverage ratio by 100 percent of its modified CECL

transitional amount during the first and second years of

the transition period, 75 percent of its modified CECL

transitional amount during the third year of the transition

period, 50 percent of its modified CECL transitional

amount during the fourth year of the transition period,

and 25 percent of its modified CECL transitional amount

during the fifth year of the transition period (see Example

of Application of the 5-Year 2020 CECL Transition

Provision for Third Quarter 2020 in the General Instructions for HC-R, Part I).

Line Item 28 LESS: Deductions from common

equity tier 1 capital and additional tier 1 capital.

(i) Non-advanced approaches holding companies

Report the sum of the amounts deducted from common

equity tier 1 capital and additional tier 1 capital in

Schedule HC-R, Part I, items 6, 7, 8, 10.b, 13.a, 14.a,

15.a, 17 (Column A), and item 24. Also exclude the

amount reported in Schedule HC-R, Part I, item 17 that is

due to insufficient amounts of additional tier 1 capital,

and which is included in the amount reported in Schedule

HC-R, Part I, item 24. (This is to avoid double counting.)

(ii) Advanced approaches holding companies

Report the sum of the amounts deducted from common

equity tier 1 capital and additional tier 1 capital in

Schedule HC-R, items 6, 7, 8, 10.b, 11, 13.b, 14.b, 15.b,

16, 17 (Column B), and item 24. Also exclude the

amount reported in Schedule HC-R, Part I, item 17 that is

due to insufficient amounts of additional tier 1 capital,

and which is included in the amount reported in Schedule

HC-R, Part I, item 24. (This is to avoid double counting.)

Line Item 29 LESS: Other deductions from

(additions to) assets for leverage ratio purposes.

Based on the Board’s capital rules, report the amount of

any deductions from (additions to) total assets for leverage capital purposes that are not included in Schedule

HC-R, Part I, item 28, as well as the items below, if

applicable. If the amount is a net deduction, report it as a

positive value in this item. If the amount is a net addition,

report it as a negative value in this item.

Include as a deduction the quarterly average amount of

Paycheck Protection Program (PPP) loans pledged to the

PPP Liquidity Facility (PPPLF). This quarterly average

should be consistent with and calculated using the same

averaging method used for calculating the quarterly

average for “Total consolidated assets” reported in

Schedule HC-K, item 5. Holding companies also should

report in Schedule HC-M, item 25.e, the quarterly average amount of PPP loans pledged to the PPPLF that are

included as a deduction in this item 29.

Include as a deduction the quarterly average amount of

assets purchased under the Money Market Mutual Fund

Liquidity Facility (MMLF). This quarterly average should

be consistent with and calculated using the same averaging method used for calculating the quarterly average for

“Total consolidated assets” reported in Schedule HC-K,

item 5.

Holding companies that make the AOCI opt-out election

in Schedule HC-R, Part I, item 3.a – Defined benefit

postretirement plans:

If the reporting holding company sponsors a singleemployer defined benefit postretirement plan, such as a

pension plan or health care plan, accounted for in accordance with ASC Subtopic 715-20, CompensationRetirement Benefits—Defined Benefit Plans-General (formerly FASB Statement No. 158, “Employers’ Accounting

for Defined Benefit Pension and Other Postretirement

Plans”), the holding company should adjust total assets

for leverage ratio purposes for any amounts included in

Schedule HC, item 26.b, “Accumulated other comprehensive income” (AOCI), affecting assets as a result of

the initial and subsequent application of the funded status

and measurement date provisions of ASC Subtopic 715-

20. The adjustment also should take into account subsequent amortization of these amounts from AOCI into

earnings. The intent of the adjustment reported in this

item (together with the amount reported in Schedule

HC-R, Part I, item 9.d) is to reverse the effects on AOCI

of applying ASC Subtopic 715-20 for regulatory capital

purposes. Specifically, assets recognized or derecognized

as an adjustment to AOCI as part of the incremental

effect of applying ASC Subtopic 715-20 should be

reported as an adjustment to total assets for leverage ratio

Schedule HC-R

FR Y-9C HC-R-33

Schedule HC-R June 2021
purposes. For example, the derecognition of an asset

recorded as an offset to AOCI as part of the initial

incremental effect of applying ASC Subtopic 715-20

should be added back to total assets for leverage ratio

purposes by reporting the amount as a negative number

in this item. As another example, the portion of a benefit

plan surplus asset that is included in Schedule HC,

item 26.b, as an increase to AOCI and in total assets

should be deducted from total assets for leverage ratio

purposes by reporting the amount as a positive number in

this item.

Holding companies that do not make the AOCI opt-out

election and all advanced approaches holding companies – Available-for-sale debt securities:

Available-for-sale debt securities are reflected at amortized cost when calculating average total consolidated

assets for Schedule HC-K, item 9. Therefore, include in

this item as a deduction from (addition to) assets for

leverage ratio purposes the amount needed to adjust the

quarterly average for available-for-sale debt securities

included in Schedule HC-K, item 9, from an average

based on amortized cost to an average based on fair

value. If the deferred tax effects of any net unrealized

gains (losses) on available-for-sale debt securities were

excluded from the determination of average total consolidated assets for Schedule HC-K, item 9, also include in

this item as a deduction from (addition to) assets for

leverage ratio purposes the quarterly average amount

necessary to reverse the effect of this exclusion on the

quarterly average amount of net deferred tax assets

included in Schedule HC-K, item 9.

Line Item 30 Total assets for the leverage ratio.

Report Schedule HC-R, Part I, item 27, less items 28

and 29.

Leverage Ratio

Line Item 31 Leverage ratio.

Report the holding company’s leverage ratio as a percentage, rounded to four decimal places. Divide Schedule

HC-R, Part I, item 26 by item 30.

Line Item 31.a Does your holding company have a

community bank leverage ratio (CBLR) framework

election in effect as of the quarter-end report date?

Enter “1” for Yes or enter “0” for No. Refer to the

qualifying criteria for using the CBLR framework, which

is explained in Schedule HC-R, Part I, items 32 through 34,

below.

Qualifying Criteria for Using the CBLR

framework

Schedule HC-R, Part I, items 32 through 36, are to be

completed only by qualifying holding companies that

have elected to adopt the community bank leverage ratio

framework or are within the grace period as of the

quarter-end report date. (For further information on the

grace period, see the General Instructions for Part I.) (For

further information on the grace period, see the General

Instructions for Part I.)

If your holding company entered “1” in Schedule HC-R,

Part I, item 31a, then Schedule HC-R, Part I, items 32

through 36, must be completed. Holding companies that

do not qualify or have not adopted the community bank

leverage ratio framework, go to Schedule HC-R, Part I,

item 37. A qualifying holding company can opt out of the

community bank leverage ratio framework by completing Schedule HC-R, Part I and Part II and not completing

Schedule HC-R, Part I, items 32 through 36.

Line Item 32 Total assets.

Report total assets from Schedule HC, item 12. A holding

company’s total assets must be less than $10 billion as

part of the qualifying criteria for the CBLR framework.

Line Item 33 Trading assets and trading liabilities.

Report in Column A the sum of trading assets from

Schedule HC, item 5, and trading liabilities from Schedule HC, item 15 (i.e., added, not netted).

Report in Column B such trading assets and trading

liabilities as a percentage of total assets by dividing the

amount of trading assets and trading liabilities reported in

column A of this item by total assets reported in item 32

above, rounded to four decimal places. The percentage

reported in this item must be 5 percent or less of total

assets as part of the qualifying criteria for the CBLR

framework.

Line Item 34 Off-balance sheet exposures.

Report in the appropriate subitem the holding company’s

off-balance sheet exposure amounts.

Schedule HC-R

HC-R-34 FR Y-9C

Schedule HC-R March 2020
Line Item 34.a Unused portion of conditionally

cancellable commitments.

Report the amounts of unused commitments, excluding

unconditionally cancelable commitments that are reported

in Schedule HC-R, Part I, item 35, below. Include in this

item legally binding arrangements (other than letters of

credit, which are reported in Schedule HC-R, Part I,

item 34.c) that obligate a holding company to extend

credit or to purchase assets. Where a holding company

provides a commitment structured as a syndication or

participation, include the amount for the holding company’s pro rata share of the commitment.

In general, this item would include the unused portion of

commitments reported in Schedule HC-L, item 1, that are

not unconditionally cancelable.

Line Item 34.b Securities lent and borrowed.

Report the sum of securities lent from Schedule HC-L,

item 6.a, and securities borrowed from Schedule HC-L,

item 6.b.

Line Item 34.c Other off-balance sheet exposures.

Report the sum of:

• Financial standby letters of credit: Include the amount

outstanding and unused of financial standby letters of

credit reported in Schedule HC-L, item 2.

• Transaction-related contingent items, including performance bonds, bid bonds, warranties, and performance standby letters of credit: Report transactionrelated contingent items, which include the amount

outstanding and unused of performance standby letters

of credit reported in Schedule HC-L, item 3, and any

other transactionrelated contingent items.

• Self-liquidating, trade-related contingent items that

arise from the movement of goods: Include the amount

outstanding and unused of self-liquidating, traderelated contingent items that arise from the movement

of goods reported in Schedule HC-L, item 4.

• Sold credit protection in the form of guarantees and

credit derivatives: Include the notional amount of sold

credit protection in the form of guarantees or credit

derivatives (such as written credit option contracts). Do

not include any non-credit derivatives, such as foreign

exchange swaps and interest rate swaps.

• Credit-enhancing representations and warranties:

Include the off-balance sheet amount of exposures

transferred with credit-enhancing representations and

warranties as defined in §.2 of the regulatory capital

rule. Credit-enhancing representations and warranties

obligate a holding company “to protect another party

from losses arising from the credit risk of the underlying exposures” and “include provisions to protect a

party from losses resulting from the default or nonperformance of the counterparties of the underlying exposures or from an insufficiency in the value of the

collateral backing the underlying exposures.” Thus,

when loans or other assets are sold “with recourse” and

the recourse arrangement provides protection from

losses as described in the preceding definition, the

recourse arrangement constitutes a credit- enhancing

representation and warranty.

• Forward agreements that are not derivative contracts: Include the notional amount of all forward

agreements, which are defined in §.2 of the regulatory

capital rule as legally binding contractual obligations

to purchase assets with certain drawdown at a specified

future date, not including commitments to make residential mortgage loans or forward foreign exchange

contracts.

• Off-balance sheet securitizations: Report the notional

amount of off-balance sheet items that qualify as

securitization exposures. Refer to the definitions of

securitization exposure, synthetic securitization, traditional securitization, and tranche in §.2 of the regulatory capital rules and to §.42 of the regulatory capital

rules to calculate the relevant exposure amount.

Line Item 34.d Total off-balance sheet exposures.

Report in column A the sum of Schedule HC-R, Part I,

items 34.a through 34.c.

Report in column B total off-balance sheet exposures as a

percentage of total assets by dividing the total amount of

off-balance sheet exposures reported in column A of this

item by total assets reported in Schedule HC-R, Part I,

item 32 above, rounded to four decimal places. The

percentage reported in this item must be 25 percent or

less as part of the qualifying criteria for the CBLR

framework.

Line Item 35 Unconditionally cancellable

commitments.

Report the unused portion of commitments (facilities)

that are unconditionally cancelable (without cause) at any

Schedule HC-R

FR Y-9C HC-R-35

Schedule HC-R March 2020
time by the holding company (to the extent permitted by

applicable law). In general, this item would include the

amounts reported in Schedule HC-L, items 1.a and 1.b.

In the case of consumer home equity or mortgage lines of

credit secured by liens on 1-4 family residential properties, a holding company is deemed able to unconditionally cancel the commitment if, at its option, it can

prohibit additional extensions of credit, reduce the credit

line, and terminate the commitment to the full extent

permitted by relevant federal law.

Retail credit cards and related plans, including overdraft

checking plans and overdraft protection programs, are

included in this item if the bank has the unconditional

right to cancel the line of credit at any time in accordance

with applicable law.

Line Item 36 Investments in the Tier 2 capital of

unconsolidated financial institutions.

Report the amount of investments in the Tier 2 capital of

unconsolidated financial institutions, net of associated

DTLs.

Note: A qualifying holding company has a community

bank leverage ratio (CBLR) framework election in

effect as of the quarter-end report date (i.e., entered “1”

for Yes in Schedule HC-R, Part I, item 31.a) should not

complete Schedule HC-R, Part I, items 37 through 53,

and should not complete Schedule HC-R, Part II.

Tier 2 capital

Line Item 37 Tier 2 capital instruments plus

related surplus.

Report the portion of cumulative perpetual preferred

stock and related surplus included in Schedule HC,

item 23; the portion of subordinated debt and limited-life

preferred stock and related surplus included in Schedule HC, item 19; and any other capital instrument and

related surplus that satisfy all the eligibility criteria for

tier 2 capital instruments in section 20(d) of the regulatory capital rules of the Board.

Include instruments that were (i) issued under the Small

Business Jobs Act of 2010, or, prior to October 4, 2010,

under the Emergency Economic Stabilization Act of

2008 and (ii) were included in the tier 2 capital nonqualifying capital instruments (e.g., TruPS and cumulative perpetual preferred) under the Federal Reserve’s

general risk-based capital rules.

In addition, a depository institution holding company that

is not an advanced approaches holding company may

include in tier 2 capital non-qualifying capital instruments (e.g., TruPS and cumulative perpetual preferred)

that have been phased-out of tier 1 capital in accordance

with Table 2 in Schedule HC-R, Part I, item 21.

Depository institution holding companies with total consolidated assets of less than $15 billion as of December 31, 2009 and 2010 MHCs may include in this item

non-qualifying capital instruments (that are not included

in additional tier 1 capital as a result of the 25 percent

limit, described in item 20 and section 300(c)(3)(ii) of the

revised regulatory capital rules.)

Line Item 38 Non-qualifying capital instruments

subject to phase out from tier 2 capital.

Report the total amount of non-qualifying capital instruments that were included in tier 2 capital and outstanding

as of January 1, 2014, and that are subject to phase out.

Holding companies may include in regulatory capital

debt or equity instruments issued prior to September 12,

2010, that do not meet the criteria for additional tier 1 or

tier 2 capital instruments in section 20 of the revised

regulatory capital rules but that were included in tier 1 or

tier 2 capital respectively as of September 12, 2010

(non-qualifying capital instruments issued prior to September 12, 2010) up to the percentage of the outstanding

principal amount of such non-qualifying capital instruments as of January 1, 2014, in accordance with Table 2

in Schedule HC-R, Part I, item 21.

a. Depository institution holding companies with total

consolidated assets of less than $15 billion as of

December 31, 2009 and 2010 MHCs:

This item is generally not applicable to depository institution holding companies with total consolidated assets

of less than $15 billion and 2010 MHCs that issued and

included non-qualifying capital instruments prior to

May 19, 2010, because these institutions may include

such instruments in additional tier 1 and tier 2 capital as

described in Schedule HC-R, Part 1, item 20 and 37,

respectively.

b. Depository institution holding companies with

total consolidated assets of $15 billion or more as of

December 31, 2009 that are not 2010 MHCs:

Schedule HC-R

HC-R-36 FR Y-9C

Schedule HC-R June 2020
Depository institution holding companies with total consolidated assets of $15 billion or more as of December

31, 2009, that are not 2010 MHCs must phase out

non-qualifying capital instruments from tier 2 capital as

set forth in Table 2, in Schedule HC-R, Part 1, item 21,

starting January 1, 2014, if it is an advanced approaches

holding company that is not an SLHC and starting

January 1, 2015, if it is a non-advanced approaches

holding company.

A depository institution holding company of $15 billion

or more that is not an advanced approaches holding

company may include in tier 2 capital non-qualifying

capital instruments that have been phased-out of tier 1

capital in accordance with Table 2.

For the case of advanced approaches holding companies,

non-qualifying capital instruments that are phased out of

tier 1 capital under Table 2 are fully includable in tier 2

capital until December 31, 2015. From January 1, 2016,

until December 31, 2021, these holding companies are

required to phase out such non-qualifying capital instruments from tier 2 capital in accordance with the percentage in Table 3.

Line Item 39 Total capital minority interest that

is not included in tier 1 capital.

(i) All holding companies, except advanced approaches

holding companies

Report the aggregate amount of total capital minority

interest, calculated as described below and in section 21

of the regulatory capital rules. Non-advanced approaches

holding companies are able to include total capital minority interest up to 10 percent of the parent banking

organization’s total capital. The 10 percent limitation is

measured before the inclusion of any minority interest

and after the deductions from and adjustments to the

regulatory capital of the parent banking organization

described in sections 22(a) and (b) of the capital rule.

Total capital minority interest is the portion of total

capital in a reporting holding company’s subsidiary

not attributable, directly or indirectly, to the parent

holding company. Note that a holding company may

only include total capital minority interest if the capital

instruments issued by the subsidiary meet all of the

criteria for capital (qualifying capital instruments).

Table 4—Percentage of non-qualifying capital instruments includable in additional tier 1 or tier 2 capital for a depository

institution holding company of $15 billion or more

Transition period Percentage of non-qualifying capital instruments

includable in additional tier 1 or tier 2 capital

Calendar year 2014 80

Calendar year 2015 70

Calendar year 2016 60

Calendar year 2017 50

Calendar year 2018 40

Calendar year 2019 30

Calendar year 2020 20

Calendar year 2021 10

Calendar year 2022

and thereafter 0

Schedule HC-R

FR Y-9C HC-R-37

Schedule HC-R June 2021
Example and a worksheet calculation: Calculate total

capital minority interest that is not included in tier 1

capital includable at the holding company level as follows:

Assumptions:

• This is a continuation of the example for advanced

approaches holding companies used in the instructions

for Schedule HC-R, Part 1, items 4 and 22.

• Assumptions and calculation from Schedule HC-R,

Part I, item 4:

o Includable common equity tier 1 minority interest

(see Schedule HC-R, Part I, item 4) is $9.

o The parent holding company’s common equity tier 1

capital before minority interest and after deductions

and adjustments is $90.

• Assumptions and calculation from Schedule HC-R,

Part I, item 22:

o Includable tier 1 minority interest that is not included

in common equity tier 1 minority interest (see

Schedule HC-R, Part I, item 22) is $1.1

o The parent holding company’s additional tier 1

capital before minority interest and after deductions

is $11 ($15 - $4).

• The parent holding company’s tier 2 capital instruments before minority interest and allowance for loan

and lease losses includable in tier 2 capital (or adjusted

allowances for credit losses (AACL), as applicable) is

$20.

Additional tier 2 capital deductions equal $2.

• The subsidiary’s total capital minority interest (that is,

owned by minority shareholders) is $14.

• Subsidiary A has $8 of minority interest in the form of

tier 2 instruments (that is, owned by minority shareholders).

• Subsidiary B has $6 of minority interest in the form of

tier 2 instruments (that is, owned by minority shareholders).

(ii) Advanced approaches holding companies:

Report the amount of total capital minority interest not

included in tier 1 capital, as described below. For each

consolidated subsidiary, perform the calculations in

(39.i) Non-advanced approaches holding company worksheet

(1) Tier 1 capital after deductions and before minority interest + tier 2 capital instruments

before minority interest + allowance for loan and lease losses (ALLL) or adjusted

allowances for credit losses (AACL), as applicable, for regulatory capital purposes that is

includable in tier 2 capital - tier 2 capital deductions = Schedule HC-R, Part I, sum of items

26, 37, 38, and 40.a, minus item 43

$101+$20 - $2

= $119

(2) Multiply step (1) by 10 percent. This is the maximum includable total capital minority

interest from all subsidiaries.

$119 x 10%

= $11.9

(3) Determine the lower of (2) or the total capital minority interest from all subsidiaries. Minimum of ($11.9

from Step 2 or $38

from the assumptions)

= $11.9

(4) From (3), subtract out the includable common equity tier 1 minority interest reported in

Schedule HC-R, Part I, item 4, and includable tier 1 minority interest that is not included

in common equity tier 1 minority interest reported in Schedule HC-R, Part I, item 22.

This is the “total capital minority interest not included in tier 1 minority interest includable at the reporting holding company’s level” to be included in Schedule HC-R, Part I,

item 39.

$11.9 - $9 - $1.1 =

$1.8

Schedule HC-R

HC-R-38 FR Y-9C

Schedule HC-R June 2020
steps (1) through (10) below. Sum the results for each

consolidated subsidiary and report the aggregate number

in this item 39.

Example and a worksheet calculation: calculate total

capital minority interest that is not included in tier 1

capital includable at the holding company level as follows:

Assumptions:

• This is a continuation of the example for all holding

companies, except advanced approaches holding companies, used in the instructions for Schedule HC-R,

Part 1, items 4 and 22.

• For this example, assume that risk-weighted assets of

the subsidiary are the same as the risk-weighted assets

of the holding company that relate to the subsidiary

$1,000 in each case.

• Subsidiary’s total capital: $130, which is composed of

subsidiary’s common equity tier 1 capital of $80, and

additional tier 1 capital of $30, and tier 2 capital of $20.

• Subsidiary’s common equity tier 1 capital owned by

minority shareholders: $24.

• Subsidiary’s additional tier 1 capital owned by minority shareholders: $15.

• Other relevant numbers are taken from the examples in

Schedule HC-R, Part I, items 4 and 22.

(39.ii) Advanced approaches holding company worksheet

(1) Determine the risk-weighted assets of the subsidiary. $1,000

(2) Using the standardized approach, determine the risk-weighted assets of the reporting institution that relate to the subsidiary. Note that the amount in this step (2) may differ from the

amount in step (1) due to intercompany transactions and eliminations in consolidation.

$1,000

(3) Determine the lower of (1) or (2), and multiply that amount by 10.5 percent.15 $1,000 x 10.5%

= $105

(4) Determine the dollar amount of total capital for the subsidiary. If this amount is less than

step (3), enter the sum of common equity tier 1, additional tier 1, and total capital minority

interest ($54 in this example) in step (9). Otherwise continue on to step (5).

$130

(5) Subtract the amount in step (3) from the amount in step (4). This is the ‘‘surplus total capital of the subsidiary.’’$130 -$105

= $25

(6) Determine the percent of the subsidiary’s total capital instruments that are owned by third

parties (the minority shareholders).

$24 + $15 + $15

= $54. Then,

$54/$130 =

41.54%

(7) Multiply the percentage from step (6) by the dollar amount in step (5). This is the “surplus

total capital minority interest of the subsidiary”

41.54% x $25 =

$10.39

(8) Determine the total amount of total capital minority interest of the subsidiary. Then subtract

the surplus total capital minority interest of the subsidiary (step 7) from this amount.

$24 + $15 + $15

= $54. Then $54 -

$10.39 = $43.62.

15. The percentage multiplier in step (3) is the capital ratio necessary for a subsidiary depository institution to avoid restrictions on distributions and

discretionary bonus payments. Advanced approaches holding companies must adjust this amount for all applicable capital buffers.

Schedule HC-R

FR Y-9C HC-R-39

Schedule HC-R March 2020
(9) The ‘‘total capital minority interest includable at holding company level’’ is the amount

from step (8) or step (4) where there is no surplus total capital minority interest of the subsidiary.

$43.62 (report the

lesser of $43.62

or $54; therefore

$43.62).

(10) Subtract from (9) any minority interest that is included in common equity tier 1 and additional tier 1 capital. The result is the total capital minority interest not included in tier 1

capital includable in total capital.

$43.62 - ($21 +

$9.14) (from

examples in items

4 and 22) =

$13.48.

Line Item 40(a) Allowance for loan and lease

losses includable in tier 2 capital.

Report the portion of the holding company’s allowance

for loan and lease losses (ALLL) or adjusted allowances

for credit losses (AACL) as applicable for regulatory

capital purposes that is includable in tier 2 capital. None

of the holding company’s allocated transfer risk reserve,

if any, is includable in tier 2 capital.

For a holding company that has not adopted FASB

Accounting Standards Update No. 2016-13 (ASU 2016-

13), which governs the accounting for credit losses and

introduces the current expected credit losses methodology (CECL), the holding company’s ALLL for regulatory capital purposes equals Schedule HC, item 4(c),

“Allowance for loan and lease losses,” less any allocated

transfer risk reserve included in Schedule HC, item 4(c),

plus Schedule HC-G, item 3, “Allowance for credit

losses on off-balance sheet credit exposures.”

For a holding company that has adopted ASU 2016-13,

the holding company’s AACL for regulatory capital

purposes equals Schedule HI-B, Part II, item 7, columns A and B, “Balance end of current period” for loans

and leases held for investment and held-to-maturity debt

securities, respectively; plus Schedule HI-B, Part II,

Memorandum item 6, “Allowance for credit losses on

other financial assets measured at amortized cost”; less

Schedule HC-R, Part II, sum of Memorandum items 5(a),

5(b) and 5(c) “Amount of allowances for credit losses on

purchased credit-deteriorated assets” for loans and leases

held for investment, held-to-maturity debt securities, and

other financial assets measured at amortized cost, respectively; less any allocated transfer risk reserve included in

Schedule HI-B, Part II, item 7, columns A and B, and

Memorandum item 6; plus Schedule HC-G, item 3,

“Allowance for credit losses on off-balance sheet credit

exposures.”

A holding company that has adopted ASU 2016-13 and

has elected to apply the 3-year CECL transition provision

(3-year CECL electing institution) should decrease its

AACL by the applicable AACL transitional amount, in

accordance with section 301 of the regulatory capital

rules. Specifically, a 3-year CECL electing holding company reduces AACL includable in tier 2 capital by

seventy-five percent of its AACL transitional amount

during the first year of the transition period, fifty percent

of its AACL transitional amount during the second year

of the transition period, and twenty-five percent of its

AACL transitional amount during the third year of the

transition period (see Table 2 in the General Instructions

for Schedule HC-R, Part I).

A holding company that has adopted ASU 2016-13 and

has elected to apply the 5-year 2020 CECL transition

provision (5-year CECL electing holding company)

should decrease its AACL by the applicable modified

AACL transitional amount in accordance with section

301 of the regulatory capital rules. Specifically, a 5-year

CECL electing holding company should reduce the

amount of its AACL by 100 percent of its modified

AACL transitional amount during the first and second

years of the transition period, 75 percent of its modified

AACL transitional amount during the third year of the

transition period, 50 percent of its modified AACL

transitional amount during the fourth year of the transition period, and 25 percent of its modified AACL transitional amount during the fifth year of the transition period

(see Example of Application of the 5-Year 2020 CECL

Transition Provision for Third Quarter 2020 in the General Instructions for Schedule HC-R, Part I).

The amount to be reported in this item is the lesser of (1)

the holding company’s ALLL or AACL, as applicable for

regulatory capital purposes, as defined above, or (2) 1.25

percent of the institution’s risk-weighted assets base for

Schedule HC-R

HC-R-40 FR Y-9C

Schedule HC-R June 2021
the ALLL or AACL calculation as reported in Schedule

HC-R, Part II, item 26. In calculating the risk-weighted

assets base for this purpose, a holding company would

not include items that are deducted from capital under

section 22(a). However, a holding company would include

risk-weighted asset amounts of items deducted from

capital under sections 22(c) through (f) of the regulatory

capital rule. While amounts deducted from capital under

section 22(c) through (f) are included in the riskweighted asset base for the ALLL or AACL calculation,

as applicable, such amounts are excluded from standardized total risk-weighted assets used in the denominator of

the risk-based capital ratios.

The amount, if any, by which a holding company’s

ALLL or AACL as applicable for regulatory capital

purposes exceeds 1.25 percent of the holding company’s

risk-weighted assets base for the ALLL or AACL calculation (as reported in Schedule HC-R, Part II, item 26)

should be reported in Schedule HC-R, Part II, item 29,

“LESS: Excess allowance for loan and lease losses.”

For a holding company that has not adopted ASU

2016-13, the sum of the amount of ALLL reported in

Schedule HC-R, Part I, item 40(a), plus Schedule HC-R,

Part II, item 29, must equal Schedule HC, item 4(c), less

Schedule HI-B, Part II, Memorandum item 1, plus Schedule HC-G, item 3.

NOTE: Item 40.b is to be completed only by advanced

approaches holding companies that exit parallel run.

Item 40.b is not applicable to non-advanced approaches

holding companies.

Line Item 40(b) Advanced approaches holding

companies that exit parallel run only: eligible credit

reserves includable in tier 2 capital.

Report the amount of eligible credit reserves includable

in tier 2 capital as reported in FFIEC 101 Schedule A,

item 50.

An advanced approaches holding company that has

exited parallel run, has adopted Accounting Standards

Update No. 2016-13 (ASU 2016-13) on credit losses, and

has elected to apply the 3-year CECL transition provision

(3-year CECL electing advanced approaches holding

company) should decrease its eligible credit reserves by

the applicable eligible credit reserves transitional amount

in accordance with section 301 of the regulatory capital

rules. Specifically, a 3-year CECL electing advanced

approaches holding company should reduce the amount

of its eligible credit reserves by 75 percent of its eligible

credit reserves transitional amount during the first year of

the transition period, 50 percent of its eligible credit

reserves transitional amount during the second year of

the transition period, and 25 percent of its eligible credit

reserves transitional amount during the third year of the

transition period.

An advanced approaches holding company that has

exited parallel run, has adopted ASU 2016-13, and has

elected to apply the 5-year 2020 CECL transition provision (5-year CECL electing advanced approaches holding company) should decrease its eligible credit reserves

by the applicable eligible credit reserves transitional

amount in accordance with section 301 of the regulatory

capital rules. Specifically, a 5-year CECL electing

advanced approaches holding company should reduce the

amount of its eligible credit reserves by 100 percent of its

eligible credit reserves transitional amount during the

first and second years of the transition period; 75 percent

of its eligible credit reserves transitional amount during

the third year of the transition period; 50 percent of its

eligible credit reserves transitional amount during the

fourth year of the transition period; and 25 percent of its

eligible credit reserves transitional amount during the

fifth year of the transition period (see Example of Application of the 5-Year 2020 CECL Transition Provision in

the General Instructions for HC-R, Part I).

Line Item 41 Not applicable

Line Item 42(a) Tier 2 capital before deductions.

Report the sum of Schedule HC-R, Part 1, items 37

through 40(a).

NOTE: Item 42.b is to be completed only by advanced

approaches holding companies that exit parallel run.

Item 42.b is not applicable to non-advanced approaches

holding companies.

Line Item 42(b)—Advanced approaches holding

companies that exit parallel run only: tier 2 capital

before deductions.

Report the sum of Schedule HC-R, Part 1, items 37

through 39, plus item 40(b).

Line Item 43 LESS: Tier 2 capital deductions.

Report total tier 2 capital deductions as the sum of the

following elements:

Schedule HC-R

FR Y-9C HC-R-41

Schedule HC-R March 2021
Note that a holding company should report tier 2 capital

deductions in Schedule HC-R, Part I, item 43 irrespective

of the amount of tier 2 capital before deductions reported

in Schedule HC-R, Part I, item 42(a). If holding company

does not have a sufficient amount of tier 2 capital before

deductions in Schedule HC-R, Part I, item 42(a) to

absorb these deductions, then the holding company must

deduct the shortfall from additional tier 1 capital before

deductions in Schedule HC-R, Part 1, item 24, or, if there

is not enough additional tier 1 capital before deductions,

from common equity tier 1 capital in Schedule HC-R,

Part 1, item 17.

For example, if a holding company reports $98 of ‘‘tier 2

capital before deductions’’ in item 42(a) and must make

$110 in tier 2 capital deductions, the holding company

would report $110 in item 43, and would include the

additional $12 in deductions in Schedule HC-R, Part 1,

item 24 (and in Schedule HC-R, Part 1, item 17, in the

case of insufficient “Additional tier 1 capital before

deductions” in item 23 from which to make the deduction

in Schedule HC-R, item 24), and report $0 in item 44(a),

“Tier 2 capital.”

In addition, advanced approaches holding companies

with insufficient tier 2 capital for deductions will make

the following adjustments: an advanced approaches holding company will make deductions on this schedule

under the generally applicable rules that apply to all

holding companies. It will use FFIEC 101, Schedule A,

to calculate its capital requirements under the advanced

approaches rule. Therefore, in the case of an advanced

approaches holding company with insufficient tier 2

capital to make tier 2 deductions, it will use the corresponding deduction approach and the generally applicable rules to take excess tier 2 deductions from additional

tier 1 capital in Schedule HC-R, item 24, and if necessary

from common equity tier 1 capital in Schedule HC-R,

item 17. It will use the advanced approaches rules to take

deductions on the FFIEC 101 form.

For example, assume tier 2 capital is $100 under the

advanced approaches rule and $98 under the generally

applicable rules (due to the difference between the

amount of eligible credit reserves includable in tier 2

capital under the advanced approaches, and ALLL or

AACL, as applicable, includable in tier 2 capital under

the standardized approach). If the required deduction

from tier 2 capital is $110, then the advanced approaches

holding company would add $10 to the required additional tier 1 capital deductions (on FFIEC 101, Schedule A, line 42, and FFIEC 101, Schedule A, line 27, if

necessary), and would add $12 to its required additional

tier 1 capital deductions for the calculation of the standardized approach regulatory capital ratios in this schedule (Schedule HC-R, item 24, and Schedule HC-R,

item 17, if necessary).

(i) Non-advanced approaches holding companies

(1) Investments in own tier 2 capital instruments.

Report the holding company’s investments in (including

any contractual obligation to purchase) its own tier 2

instruments, whether held directly or indirectly.

A holding company may deduct gross long positions net

of short positions in the same underlying instrument only

if the short positions involve no counterparty risk.

The holding company must look through any holdings of

index securities to deduct investments in its own capital

instruments. In addition:

(i) Gross long positions in investments in a holding

company’s own regulatory capital instruments

resulting from holdings of index securities may be

netted against short positions in the same index;

(ii) Short positions in index securities that are hedging long cash or synthetic positions can be decomposed to recognize the hedge; and

(iii) The portion of the index that is composed of the

same underlying exposure that is being hedged

may be used to offset the long position if both the

exposure being hedged and the short position in

the index are covered positions under the market

risk capital rule, and the hedge is deemed effective by the holding company’s internal control

processes.

(2) Reciprocal cross-holdings in the capital of financial institutions.

Include investments in the tier 2 capital instruments of

other financial institutions that the holding company

holds reciprocally, where such reciprocal crossholdings

result from a formal or informal arrangement to swap,

exchange, or otherwise intend to hold each other’s capital

instruments.

(3) Investments in the capital of unconsolidated financial institutions that exceed the 25 percent threshold to be deducted from tier 2.

Schedule HC-R

HC-R-42 FR Y-9C

Schedule HC-R March 2020
Report the total amount of investments in the capital of

unconsolidated financial institutions in the form of tier 2

capital that exceed the 25 percent threshold.

Calculate the amount as follows:

(1) Determine the amount of investments in the capital

of unconsolidated financial institutions, net of associated DTLs.

(2) If the amount in (1) is greater than 25 percent of

Schedule HC-R, Part 1, item 12 (Column A), report

the difference across Schedule HC-R, Part I,

items 13.a, 24 or 43, depending on the tier of capital

the investments in the capital of unconsolidated

financial institutions qualifies. The holding company

can elect which investments it must deduct and

which it must risk weight. Depending on the holding

company’s election and the component of capital for

which the underlying instrument would qualify will

determine if it will be deducted and reported in

Schedule HC-R, Part I, item 13.a or be deducted and

reported in Schedule HCR, Part I, item 24 or 43.

(3) If the amount in (1) is less than 25 percent of

Schedule HC-R, Part I, item 12 (Column A), no

deduction is needed.

See Schedule HC-R, Part I, item 13.a for an example of

how to deduct amounts of investments in the capital of

unconsolidated financial institutions that exceed the

25 percent threshold.

(4) Other adjustments and deductions.

Include any other applicable adjustments and deductions

applied to tier 2 capital in accordance with the regulatory

capital rules of the Board.

(ii) Advanced approaches holding companies

(1) Investments in own tier 2 capital instruments.

Report the holding company’s investments in (including

any contractual obligation to purchase) its own tier 2

instruments, whether held directly or indirectly. Also

report investments in (including any contractual obligation to purchase) its own covered debt instruments, as

applicable, whether held directly or indirectly.

A holding company may deduct gross long positions net

of short positions in the same underlying instrument only

if the short positions involve no counterparty risk.

The holding company must look through any holdings of

index securities to deduct investments in its own capital

instruments. In addition:

(i) Gross long positions in investments in an institution’s own regulatory capital instruments resulting

from holdings of index securities may be netted

against short positions in the same index;

(ii) Short positions in index securities that are hedging

long cash or synthetic positions can be decomposed to recognize the hedge; and

(iii) The portion of the index that is composed of the

same underlying exposure that is being hedged

may be used to offset the long position if both the

exposure being hedged and the short position in the

index are covered positions under the market risk

capital rule, and the hedge is deemed effective by

the institution’s internal control processes.

(2) Reciprocal cross-holdings in the capital of financial institutions.

Include investments in the tier 2 capital instruments of

other financial institutions that the institution holds reciprocally, where such reciprocal crossholdings result from

a formal or informal arrangement to swap, exchange, or

otherwise intend to hold each other’s capital instruments.

Also include investments in the covered debt instruments

of other financial institutions that the holding company

holds reciprocally, where such reciprocal crossholdings

result from a formal or informal arrangement to swap,

exchange, or otherwise intend to hold each other’s instruments.

(3) A global systemically important BHC, as defined

in 12 CFR 217.2, or a Board-regulated holding

company that is a subsidiary of a global systemically important banking organization, as defined

in 12 CFR 252.2: investments in non-qualifying

excluded covered debt instruments.

Report the amount of any investment, on a gross long

basis, in a covered debt instrument that was originally designated as an excluded covered debt instrument, in accordance with 12 CFR 217.22(c)(4)(iv)(A),

but is:

• no longer held in connection with market makingrelated activities permitted under 12 CFR 248.4; or

• a direct exposure or an indirect exposure to a

covered debt instrument held in connection with

Schedule HC-R

FR Y-9C HC-R-43

Schedule HC-R June 2021
market making-related activities permitted under

12 CFR 248.4 and has been held for more than

30 business days.

Such an institution must also report its aggregate

investment in excluded covered debt instruments that

exceeds 5 percent of the institution’s common equity

tier 1 capital, calculated as follows:

(1) Determine the aggregate amount of investments

in excluded covered debt instruments measured

on a gross long basis in accordance with 12 CFR

217.22(h)(2).

(2) If the amount in (1) is greater than 5 percent of

the amount reported in Schedule HC_R, Part I,

item 12, column B, report the difference in this

item 43.

(4) Non-significant investments in tier 2 capital and

covered debt instruments of unconsolidated financial institutions that exceed the 10 percent threshold for non-significant investments.

A global systemically important BHC, as defined in

12 CFR 217.2, or a Board-regulated holding company that is a subsidiary of a global systemically

important banking organization, as defined in 12

CFR 252.2, should proceed directly to step (2).

Calculate this amount as described below.

(1) A holding company subject to the advanced

approaches rule that is not a global systemically important BHC, as defined in 12

CFR 217.2, or a Board-regulated holding company that is a subsidiary of a global systemically important banking organization, as

defined in 12 CFR 252.2: determine the amount

of covered debt instruments subject to the

non-significant investments threshold.

(i) Determine the aggregate amount of investments in covered debt instruments measured on a gross long basis in accordance

with §217.22(h)(2).

(ii) If the amount in (i) is greater than 5 percent of the amount of Schedule HC-R,

item 12, report the difference, on a net

long position basis in accordance with

§217.22(h)(1), in steps (2) and (3) below

as the holding company’s amount of “covered debt instruments.”

(2) Determine the aggregate amount of nonsignificant investments in the capital of unconsolidated financial institutions in the form of

common stock, additional tier 1, tier 2 capital,

and covered debt instruments.

(3) Determine the amount of non-significant investments in the capital of unconsolidated financial

institutions in the form of tier 2 capital and

covered debt instruments.

(4) If (2) is greater than the 10 percent threshold for

non-significant investments (Schedule HC-R,

item 11, step (4)), then, multiply the difference

by the ratio of (3) over (2). Report this product in

this line item.

(5) If (2) is less than the 10 percent threshold for

non-significant investments, enter zero.

(5) Significant investments in the capital of unconsolidated financial institutions not in the form of

common stock to be deducted from tier 2 capital.

Report the total amount of significant investments in

the capital of unconsolidated financial institutions in

the form of tier 2 capital and covered debt instruments.

(6) Other adjustments and deductions.

Include any other applicable adjustments and deductions applied to tier 2 capital in accordance with the

regulatory capital rules of the Board.

Line Item 44(a) Tier 2 capital.

Report the greater of Schedule HC-R, Part 1, item 42(a)

less item 43, or zero.

NOTE: Item 44.b is to be completed only by advanced

approaches holding companies that exit parallel run.

Item 44.b is not applicable to non-advanced approaches

holding companies.

Line Item 44(b)—Advanced approaches holding

companies that exit parallel run only: Tier 2 capital.

Report the greater of Schedule HC-R, Part 1, item 42(b)

less item 43, or zero.

Schedule HC-R

HC-R-44 FR Y-9C

Schedule HC-R June 2021
Total capital

Line Item 45(a) Total capital.

Report the sum of Schedule HC-R, Part 1, items 26

and 44(a).

NOTE: Item 45.b is to be completed only by advanced

approaches holding companies that exit parallel run.

Item 45.b is not applicable to non-advanced approaches

holding companies.

Line Item 45(b)—Advanced approaches holding

companies that exit parallel run only: Total capital.

Report the sum of Schedule HC-R, Part 1, items 26

and 44(b).

Total risk-weighted assets

Line Item 46(a) Total risk-weighted assets.

Report the amount of total risk-weighted assets using the

standardized approach (as reported in Schedule HC-R,

Part II, item 31).

NOTE: Item 46.b is to be completed only by advanced

approaches holding companies that exit parallel run.

Item 46.b is not applicable to non-advanced approaches

holding companies.

Line Item 46(b)—Advanced approaches holding

companies that exit parallel run only: Total

risk-weighted assets using advanced approaches

rules.

Report the amount from FFIEC 101 Schedule A, item 60.

Risk-based capital ratios

Holding companies that are non-advanced approaches

holding companies must report Schedule HC-R, Part 1,

items 47 through 49, Column A, only. Column B does

not apply to these holding companies.

Advanced approaches holding companies that exit parallel run only: must report Schedule HC-R, Part 1, items 47

through 49, Columns A and B, as described below.

Line Item 47 Common equity tier 1 capital ratio.

Report the holding company’s common equity tier 1

risk-based capital ratio as a percentage, rounded to four

decimal places.

Column A: divide Schedule HC-R Part I, item 19,

column A or B, as applicable, by item 46(a).

Advanced approaches holding companies that exit parallel run only: Column B: divide Schedule HC-R, Part I,

item 19, column B, by item 46(b). The lower of the

reported capital ratios in column A and Column B will

apply for prompt corrective action purposes.

Line Item 48 Tier 1 capital ratio.

Report the holding company’s tier 1 risk-based capital

ratio as a percentage, rounded to four decimal places.

Column A: divide Schedule HC-R, Part I, item 26 by

item 46(a).

Advanced approaches holding companies that exit parallel run only: Column B: divide Schedule HC-R, Part I,

item 26 by item 46(b). The lower of the reported capital

ratios in this item 48, column A and Column B will apply

for prompt corrective action purposes.

Line Item 49 Total capital ratio.

Report the holding company’s total risk-based capital

ratio as a percentage, rounded to four decimal places.

Column A: divide Schedule HC-R, Part I, item 45(a) by

item 46(a).

Advanced approaches holding companies that exit parallel run only: Column B: divide Schedule HC-R, Part I,

item 45(b) by item 46(b). The lower of the reported

capital ratios in this item 49, column A and Column B

will apply for prompt corrective action purposes.

Capital Buffer for Holding Companies

Not Subject to the Capital Plan Rule

(items 50-52)

For all holding companies: In order to avoid limitations

on distributions, including dividend payments, and certain discretionary bonus payments to executive officers, a

holding company must hold an institution specific capital

buffer16 above its minimum risk-based capital requirements.

16. Advanced approaches holding companies, including those that have

not exited parallel run, and Category III holding companies will need to

consult the regulatory capital rules if the countercyclical capital buffer is in

place or if the holding company is subject to countercyclical capital buffers

in other jurisdictions. The total applicable capital buffer requirement appliSchedule HC-R

FR Y-9C HC-R-45

Schedule HC-R March 2020
Line Item 50 Capital conservation buffer.

Report the holding company’s capital conservation buffer

as a percentage, rounded to four decimal places. Except

as described below, the capital conservation buffer is

equal to the lowest of ratios of (1), (2), (3) below:

For example, the capital buffer to be reported in this

item 50 for the December 31, 2020, report date would be

based on the capital ratios reported in Schedule HC-R,

Part I, of the FRY9C Report for December 31, 2020.

For all holding companies, except advanced

approaches holding companies not subject to the

Capital Plan Rule, that exit parallel run:

(1) Schedule HC-R, Part I, item 47, Column A, less

4.5000, which is the minimum common equity tier 1

capital ratio requirement under section 10 of the

regulatory capital rules;

(2) Schedule HC-R, Part I, item 48, Column A, less

6.0000 percent, which is the minimum tier 1 capital

ratio requirement under section 10 of the regulatory

capital rule;

(3) Schedule HC-R, Part I, item 49, Column A, less

8.0000 percent, which is the minimum total capital

ratio requirement under section 10 of the regulatory

capital rules.

However, if any of the three ratios calculated above is

less than zero (i.e., is negative), the holding company’s

capital conservation buffer is zero.

For advanced approaches holding companies not

subject to the Capital Plan Rule that exit parallel

run only:

(1) The lower of Schedule HC-R, Part I, item 47, column

A and column B, less 4.5000 percent, which is the

minimum common equity tier 1 capital ratio requirement under section 10 of the regulatory capital rules;

(2) The lower of Schedule HC-R, Part I, item 48, column

A and column B, less 6.0000 percent, which is the

minimum tier 1 capital ratio requirement under section 10 of the regulatory capital rules; and

(3) The lower of Schedule HC-R, Part I, item 49, column A and column B, less 8.0000 percent, which is

the minimum total capital ratio requirement under

section 10 of the regulatory capital rules.

However, if any of the three ratios calculated above is

less than zero (i.e., is negative), the holding company’s

capital conservation buffer is zero.

NOTE: Holding companies that are not subject to the

capital plan rule must complete items 51 and 52 if the

amount in item 50 is less than or equal to the required

minimum capital conservation buffer of 2.5000 percent (plus any other applicable capital buffers, if the

institution is an advanced approaches holding company).

Line Item 51 Eligible retained income.

Report the amount of eligible retained income as the

greater of (1) the reporting holding company’s net

income for the four preceding calendar quarters, net of

any distributions and associated tax effects not already

reflected in net income, and (2) the average of the

reporting holding company’s net income over the four

preceding calendar quarters. (See the instructions for

Schedule HC-R, Part I, item 52, for the definition of

“distributions” from section 2 of the regulatory capital

rules.)

For purposes of this item 51, the four preceding calendar

quarters refers to the calendar quarter ending on the last

day of the current reporting period and the three preceding calendar quarters as illustrated in the example below.

The average of an holding company’s net income over

the four preceding calendar quarters refers to the average

of three-month net income for the calendar quarter

ending on the last day of the current reporting period and

the three-month net income for the three preceding

calendar quarters as illustrated in the example below.

Example and a worksheet calculation:

Assumptions:

• Eligible retained income is calculated for the FR Y-9C

report date of March 31, 2020.

• The holding company reported the following on its FR

Y-9C reports in Schedule HI, Income Statement,

item 14, “Net income (loss) attributable to bank

(item 12 minus item 13)”:

cable to an advanced approaches holding company or Category III holding

company as of the quarter-end report date should be reported in Schedule

HC-R, Part I, item 50.

Schedule HC-R

HC-R-46 FR Y-9C

Schedule HC-R March 2021
FR Y-9C

Report Date

Amount

Reported

in Item 14

ThreeMonth

Net Income

March 31, 2019 $400 (A) $400

June 30, 2019 $900 (B) $500 (B-A)

September 30, 2019 $1,500 (C) $600 (C-B)

December 31, 2019 $1,900 (D) $400 (D-C)

March 31, 2020 $200 (E) $200 (E)

• The distributions and associated tax effects not already

reflected in net income (e.g., dividends declared on the

holding company’s common stock between April 1,

2019, and March 31, 2020) in this example are $400 in

each of the four preceding calendar quarters.)

Q2

2019

Q3

2019

Q4

2019

Q1

2020

Net Income $500 $600 $400 $200

Adjustments for

distributions and

associated tax

effects not

already reflected

in net income ($400) ($400) -400 -400

Adjusted Net

Income

(Net Income -

Adjustments) $100 $200 $0 ($200)

(1) Calculate a holding company’s

net income for the four preceding calendar quarters, net of any

distributions and associated tax

effects not already reflected in

net income.

$100 + $200

+ $0 + ($200)

= $100

(2) Calculate the average of a

holding company’s threemonth net income over the

four preceding calendar quarters.

($500 + $600

+ $400 + $200)

/ 4 = $425*

(3) Take the greater of step (1) and

step (2) and report the amount

in Schedule HC-R, Part I,

item 51.

$425

*From a practical perspective, a holding company may use

the year-to-date net income reflected in Schedule HI,

item 14, for December 31, 2019; subtract from it the net

income reflected in Schedule HI, item 14, for March 31,

2019; and then add the net income in Schedule HI,

item 14, for March 31, 2020, to calculate the numerator in

step 2, above. For the example above, the average of a

holding company’s three month net income over the four

preceding calendar quarters would be: ($1,900 (D) less

$400 (A) plus $200 (E)) divided by 4 = $425.

Line Item 52 Distributions and discretionary

bonus payments during the quarter.

Holding companies must complete this item only if the

amount of its institution specific capital buffer, reported

as of the previous calendar quarter-end report date was

less than its applicable required buffer percentage on that

previous calendar quarter-end report date. For an institution that must complete this item 52, report the amount of

distributions and discretionary bonus payments during

the calendar quarter ending on the report date.

For example

• A holding company must report the amount of distributions and discretionary bonus payments made during

the calendar quarter ending June 30, 2020, in this item

52 in its June 30, 2020, FR Y-9C report only if the

amount of its capital conservation buffer as reported in

Schedule HC-R, Part I, item 50, in its March 31, 2020,

FR Y-9C report was less than or equal to 2.5000

percent

As defined in section 2 of the regulatory capital rules,

“distribution” means:

(1) A reduction of tier 1 capital through the repurchase

of a tier 1 capital instrument or by other means,

except when a holding company, within the same

quarter when the repurchase is announced, fully

replaces a tier 1 capital instrument it has repurchased

by issuing another capital instrument that meets the

eligibility criteria for:

Schedule HC-R

FR Y-9C HC-R-47

Schedule HC-R March 2021
(i) A common equity tier 1 capital instrument if

the instrument being repurchased was part of

the holding company’s common equity tier 1

capital, or

(ii) A common equity tier 1 or additional tier 1

capital instrument if the instrument being

repurchased was part of the holding company’s tier 1 capital;

(2) A reduction of tier 2 capital through the repurchase,

or redemption prior to maturity, of a tier 2 capital

instrument or by other means, except when a holding

company, within the same quarter when the repurchase or redemption is announced, fully replaces a

tier 2 capital instrument it has repurchased by issuing

another capital instrument that meets the eligibility

criteria for a tier 1 or tier 2 capital instrument;

(3) A dividend declaration or payment on any tier 1

capital instrument;

(4) A dividend declaration or interest payment on any

tier 2 capital instrument if the holding company has

full discretion to permanently or temporarily suspend

such payments without triggering an event of default;

or

(5) Any similar transaction that the Federal Reserve

determines to be in substance a distribution of capital.

As defined in section 2 of the regulatory capital rules,

“discretionary bonus payment” means a payment made to

an executive officer of an institution, where:

(1) The holding company retains discretion as to whether

to make, and the amount of, the payment until the

payment is awarded to the executive officer;

(2) The amount paid is determined by the holding company, without prior promise to, or agreement with,

the executive officer; and

(3) The executive officer has no contractual right, whether

express or implied, to the bonus payment.

As defined in section 2 of the regulatory capital rules,

“executive officer” means a person who holds the title or,

without regard to title, salary, or compensation, performs

the function of one or more of the following positions:

president, chief executive officer, executive chairman,

chief operating officer, chief financial officer, chief investment officer, chief legal officer, chief lending officer,

chief risk officer, or head of a major business line, and

other staff that the board of directors of the holding

company deems to have equivalent responsibility.

Supplementary Leverage Ratio

Line Item 53 Advanced approaches holding

companies and holding companies subject to

category III capital standards only: Supplementary

leverage ratio.

Long-Term Debt and Total Loss-Absorbing Capacity

(TLAC)

Line items 54 and 55 should only be reported by a global

systemically important BHC, as defined in 12 CFR 217.2,

(top-tier BHC of U.S. GSIB) or an intermediate holding

company that is required to be established pursuant to 12

CFR 252.153 and is controlled by a global systemically

important foreign banking organization, as defined in 12

CFR 252.2 (IHC of foreign GSIB).

Line Item 54 Outstanding eligible long-term debt

(i) Top-tier BHCs of U.S. GSIBs:

Report the outstanding eligible external long-term debt

amount, which is the sum of:

(1) 100 percent of the amount due to be paid of unpaid

principal of the outstanding eligible debt securities

issued by the top-tier BHC of the U.S. GSIB in

greater than or equal to 730 days (two years); and

(2) 50 percent of the amount due to be paid of unpaid

principal of the outstanding eligible debt securities

issued by the top-tier BHC of the U.S. GSIB in

greater than or equal to 365 days (one year) and less

than 730 days (two years); and

(3) Zero percent of the amount due to be paid of unpaid

principal of the outstanding eligible debt securities

issued by the top-tier BHC of the U.S. GSIB in less

than 365 days (one year).

See 12 CFR 252.61 for the definition of eligible debt

security under the Board’s TLAC rule. See 12

CFR 252.62(b)(2) for the definition of the date on which

principal is due to be paid on an outstanding eligible debt

security is calculated.

(ii) IHCs of foreign GSIBs:

Report the outstanding eligible long-term debt amount,

which is the sum of:

Schedule HC-R

HC-R-48 FR Y-9C

Schedule HC-R June 2021
(1) 100 percent of the amount of the outstanding eligible

Covered IHC debt securities issued by the IHC due

to be paid in greater than or equal to 730 days (two

years); and

(2) 50 percent of the amount of the outstanding eligible

Covered IHC debt securities issued by the IHC due

to be paid in greater than or equal to 365 days (one

year) and less than 730 days (two years).

(3) Zero percent of the amount of the outstanding eligible Covered IHC debt securities issued by the IHC

due to be paid in less than 365 days (one year).

See 12 CFR 252.161 for the definition of eligible Covered IHC debt security under the Board’s TLAC rule. See

12 CFR 252.162(b)(2) for the definition of the date on

which principal is due to be paid on an outstanding

eligible debt security is calculated.

Line Item 55 Total loss-absorbing capacity

(i) Top-tier BHCs of U.S. GSIBs:

Report external total loss-absorbing capacity, which is

the sum of:

(1) The top-tier BHC of the U.S. GSIB’s common equity

tier 1 capital, as reported on Schedule HC-R, Part I,

item 19, minus any common equity tier 1 minority

interest, as reported on Schedule HC-R, Part I,

item 4;

(2) The top-tier BHC of the U.S. GSIB’s additional tier 1

capital, as reported on Schedule HC-R, Part I,

item 25, minus any additional tier 1 minority interest,

as reported on Schedule HC-R, Part I, item 22; and

(3) The top-tier BHC of the U.S. GSIB’s outstanding

eligible external long-term debt amount, as reported

in item 54, plus 50 percent of the amount due to be

paid of unpaid principal of outstanding eligible debt

securities issued by the top-tier BHC of the U.S.

GSIB in greater than or equal to 365 days (one year)

but less than 730 days (two years).

(ii) IHCs of foreign GSIBs identified as non-resolution

IHCs pursuant to 12 CFR 252.164:

Report total loss absorbing capacity, which is the sum of:

(1) The IHC’s common equity tier 1 capital, as reported

on Schedule HC-R, Part I, item 19 (excluding any

common equity tier 1 minority interest, as reported

on Schedule HC-R, Part I, item 4), held by a

company that is incorporated or organized outside of

the United States and that directly or indirectly

controls the IHC,;

(2) The IHC’s additional tier 1 capital, as reported on

Schedule HC-R, Part I, item 25 (excluding any

additional tier 1 minority interest, as reported on

Schedule HC-R, Part I, item 22), held by a company

that is incorporated or organized outside of the

United States and that directly or indirectly controls

the IHC; and

(3) The IHC’s outstanding eligible long-term debt

amount, as reported in item 54, plus 50 percent of the

amount of unpaid principal of outstanding eligible

Covered IHC debt securities issued by the IHC due

to be paid in greater than or equal to 365 days (one

year) but less than 730 days (two years).

(iii) IHCs of foreign GSIBs identified as resolution

IHCs pursuant to 12 CFR 252.164:

Report total loss absorbing capacity, which is the sum of:

(1) The IHC’s common equity tier 1 capital, as reported

on Schedule HC-R, Part I, item 19, minus any

common equity tier 1 minority interest, as reported

on Schedule HC-R, Part I, item 4;

(2) The IHC’s additional tier 1 capital, as reported on

Schedule HC-R, Part I, item 25, minus any additional

tier 1 minority interest, as reported on Schedule HC-R, Part I, item 22; and

(3) The IHC’s outstanding eligible long-term debt

amount, as reported in item 54, plus 50 percent of the

amount due to be paid of unpaid principal of outstanding eligible Covered IHC debt securities issued

by the IHC in greater than or equal to 365 days (one

year) but less than 730 days (two years).

Long-Term Debt and Total Loss-Absorbing Capacity

Ratios

Line items 56 through 59 should only be reported by a

global systemically important BHC, as defined in 12

CFR 217.2, (top-tier BHC of U.S. GSIB) or an intermediate holding company that is required to be established

pursuant to 12 CFR 252.153 and is controlled by a global

systemically important foreign banking organization, as

defined in 12 CFR 252.2 (IHC of foreign GSIB).

These line items should be reported as ratios as a

percentage, rounded to four decimal places.

Schedule HC-R

FR Y-9C HC-R-49

Schedule HC-R June 2021
Line Item 56 LTD and TLAC total risk-weighted

assets ratios.

Column A: divide Schedule HC-R Part I, item 54 by

item 46(a).

Column B: divide Schedule HC-R Part I, item 55 by

item 46(a).

Line Item 57 LTD and TLAC total risk-weighted

assets ratios using advanced approaches rule.

Only top-tier BHCs of U.S. GSIBs report this line item.

Column A: divide Schedule HC-R Part I, item 54 by

item 46(b).

Column B: divide Schedule HC-R Part I, item 55 by

item 46(b).

Line Item 58 LTD and TLAC leverage ratios

Note: only IHCs of foreign GSIBs report this line item.

Column A: divide Schedule HC-R Part I, item 54 by

item 30.

Column B: divide Schedule HC-R Part I, item 55 by

item 30.

Line Item 59 LTD and TLAC supplementary

leverage ratios

Only holding companies subject to Category I, II, or III

standards report this line item.

Column A: divide Schedule HC-R Part I, item 54 by

FFIEC 101 Schedule A, Table 2, item 2.21.

Column B: divide Schedule HC-R Part I, item 55 by

FFIEC 101 Schedule A, Table 2, item 2.21.

Risk-Based Capital Buffer for Holding Companies

Subject to the Capital Plan Rule Only:

For line items 60 and 61, Column A reflects buffer

calculations under the standardized approach, Column B

represents buffer calculations under the advanced

approaches.

Line Item 60 Capital conservation buffer

requirement (sum of items 60.a through 60.c)

Line Item 60(a) of which: Stress capital buffer or

2.5000 percent (for advanced approaches)

Column A: Report the holding company’s stress capital

buffer requirement as determined under 12 CFR 225.8.

Column B: Report 2.5000 percent, if applicable

Line Item 60(b) of which: GSIB surcharge (if

applicable)

Column A: Report the holding company’s GSIB surcharge as determined under 12 CFR 217.11 (c), if

applicable.

Column B: Report the holding company’s GSIB surcharge as determined under 12 CFR 217.11 (c), if

applicable.

Line Item 60(c) of which: Countercyclical capital

buffer amount (if applicable)

Column A: Report the countercyclical capital buffer

amount as determined under 12 CFR 217.11 (b). If

applicable, report that amount reported in FFIEC 101,

Schedule A, item 66.

Column B: Report the countercyclical capital buffer

amount as determined under 12 CFR 217.11 (b). If

applicable, report that amount reported in FFIEC 101,

Schedule A, item 66.

Line Item 61 Capital conservation buffer

Column A: Report the holding company’s standardized

approach capital conservation buffer as a percentage,

rounded to four decimal places. Except as described

below, the standardized approach capital conservation

buffer is equal to the lowest of the following ratios:

(1) Schedule HC-R, Part I, item 47, Column A,

less 4.5000, which is the minimum common equity

tier 1 capital ratio requirement under section 10 of

the regulatory capital rules;

(2) Schedule HC R, Part I, item 48, Column A, less

6.0000 percent, which is the minimum tier 1 capital

ratio requirement under section 10 of the regulatory

capital rule;

(3) Schedule HC-R, Part I, item 49, Column A, less

8.0000, which is the minimum total capital ratio

requirement under section 10 of the regulatory capital rules.

However, if any of the three ratios calculated above is

less than zero (i.e., is negative), the holding company’s

standardized approach capital conservation buffer is zero.

For example, for the December 31, 2020 report date, the

standardized approach capital conservation buffer reported

Schedule HC-R

HC-R-50 FR Y-9C

Schedule HC-R June 2021
in item 61 would be equal to the lower of (1), (2), and (3)

(floored at zero), using items 47, 48, and 49, respectively,

as reported for the December 31, 2020 report date.

Column B: Report the holding company’s advanced

approaches capital conservation buffer as a percentage,

rounded to four decimal places. Except as described

below, the advanced approaches capital conservation

buffer is equal to the lowest of the following ratios:

(1) Schedule HC-R, Part I, item 47, Column B,

less 4.5000, which is the minimum common equity

tier 1 capital ratio requirement under section 10 of

the regulatory capital rules;

(2) Schedule HC R, Part I, item 48, Column B, less

6.0000 percent, which is the minimum tier 1 capital

ratio requirement under section 10 of the regulatory

capital rule schedule HC-R, Part I, item 49, Column B, less 8.0000 percent, which is the minimum

total capital ratio requirement under section 10 of the

regulatory capital rules.

TLAC Buffers

Line Item 62 Institution-specific TLAC buffer

necessary to avoid limitations on distributions and

discretionary bonus payments.

Line item 62 should only be reported by top-tier BHCs of

U.S. GSIBs and the IHCs of foreign GSIBs.

Line item 62(a) TLAC risk-weighted buffer.

In order to avoid limitations on distributions, including

dividend payments, and certain discretionary bonus payments to executive officers, a top-tier BHC of a U.S. GSIB

and the IHC of a foreign GSIB must hold a TLAC buffer

above its minimum risk-based TLAC requirements.

The amount reported in Schedule HC-R, Part I, item 62(a)

must be greater than the following:

Top-tier BHCs of U.S. GSIBs: the sum of 2.5 percent, any

applicable countercyclical capital buffer pursuant to 12

CFR 217.11(b) (expressed as a percentage), and its

method 1 capital surcharge pursuant to subpart H of

Regulation Q (12 CFR 217.400 through 217.406).

IHCs of Foreign GSIBs: the sum of 2.5 percent and any

applicable countercyclical capital buffer pursuant to 12

CFR 217.11(b) (expressed as a percentage).

Otherwise, the holding company will face limitations on

distributions and certain discretionary bonus payments

and will be required to complete Schedule HC-R Part I,

items 66 through 69.

(i) Top-tier BHCs of U.S. GSIBs:

Report the top-tier BHC’s TLAC risk-weighted buffer as

a percentage, rounded to four decimal places, which is

calculated as:

The top-tier BHC’s common equity tier 1 capital ratio

(the lower of Schedule HC-R, Part I, item 47, Column A

and Column B) (expressed as a percentage), minus the

greater of zero and the following amount:

(1) 18 percent; minus

(2) The ratio (expressed as a percentage) of the top tier

BHC’s additional tier 1 capital (as reported on

Schedule HC-R, Part I, item 25), minus any additional tier 1 minority interest (as reported on Schedule HC-R, Part I, item 22), to its total risk-weighted

assets (the larger of Schedule HC-R, Part I, items 46.a

and 46.b); and minus

(3) The ratio (expressed as a percentage) of the global

systemically important BHC’s outstanding eligible

external long-term debt amount (as reported on

Schedule HC-R, Part I, item 54) to total riskweighted assets (the larger of Schedule HC-R, Part I,

items 46.a and 46.b).

If either of the TLAC total risk weighted asset ratios, as

reported in line item 56, Column B, or item 57, Column B, are less than or equal to 18 percent, the GSIB’s

external TLAC risk-weighted buffer level should be

reported as zero.

(ii) IHCs of foreign GSIBs—has been identified as a

non-resolution IHC pursuant to 12 CFR 252.164:

Report the IHC’s TLAC risk-weighted buffer as a percentage, rounded to four decimal places, which is calculated as:

The IHC’s common equity tier 1 capital ratio (the lower

of Schedule HC-R, Part I, item 47, Column A and

Column B, if applicable) (expressed as a percentage),

minus the greater of zero and the following amount:

(1) 16 percent; minus

(2) The ratio (expressed as a percentage) of the IHC’s

additional tier 1 capital (as reported on Schedule HC-R, Part I, item 25), minus any additional

tier 1 minority interest (as reported on Schedule HC-R, Part I, item 22), held by a company that is

Schedule HC-R

FR Y-9C HC-R-51

Schedule HC-R June 2021
incorporated or organized outside of the United

States and that directly or indirectly controls the

IHC, to its total risk-weighted assets (the larger of

Schedule HC-R, Part I, items 46.a and 46.b, if

applicable); and minus

(3) The ratio (expressed as a percentage) of the IHC’s

outstanding eligible long-term debt amount (as

reported on Schedule HC-R, Part I, item 54) to total

risk-weighted assets (the larger of Schedule HC-R,

Part I, items 46.a and 46.b, if applicable).

If the TLAC total risk weighted asset ratio, as reported in

line item 56, Column B, or, if applicable, item 57,

Column B, are less than or equal to 16 percent, the IHC’s

TLAC risk-weighted buffer level should be reported as

zero.

(iii) IHCs of foreign GSIBs—has been identified as a

resolution IHC pursuant to 12 CFR 252.164:

Report the IHC’s TLAC risk-weighted buffer as a percentage, rounded to four decimal places, which is calculated as:

The IHC’s common equity tier 1 capital ratio (the lower

of Schedule HC-R, Part I, item 47, Column A and

Column B, if applicable) (expressed as a percentage)

minus the greater of zero and the following amount:

(1) 18 percent; minus

(2) The ratio (expressed as a percentage) of the IHC’s

additional tier 1 capital (as reported on Schedule HC-R, Part I, item 25), minus any additional

tier 1 minority interest (as reported on Schedule HC-R, Part I, item 22), to its total risk-weighted

assets (the larger of Schedule HC-R, Part I, items 46.a

and 46.b, if applicable); and minus

(3) The ratio (expressed as a percentage) of the IHC’s

outstanding eligible long-term debt amount (as

reported on Schedule HC-R, Part I, item 54) to total

risk-weighted assets (the larger of Schedule HC-R,

Part I, items 46.a and 46.b, if applicable).

If the TLAC total risk weighted asset ratio, as reported in

line item 56, Column B, or, if applicable, item 57,

Column B, are less than or equal to 18 percent, the IHC’s

TLAC risk-weighted buffer level should be reported as

zero.

Line item 62(b) TLAC leverage buffer.

Line item 62(b) should only be reported by top-tier BHCs

of U.S. GSIBs.

In order to avoid limitations on distributions, including

dividend payments, and certain discretionary bonus payments to executive officers, a top-tier BHC of a U.S. GSIB

must hold a TLAC buffer above its minimum leverage

TLAC requirements greater than 2.0 percent.

Otherwise, the top-tier BHC of a U.S. GSIB will face

limitations on distributions and certain discretionary

bonus payments and will be required to complete Schedule HC-R Part I, items 66 through 69.

Report the top-tier BHC’s TLAC leverage buffer as a

percentage, rounded to four decimal places, which is

calculated as:

The top-tier BHC’s supplementary leverage ratio (as

reported on Schedule HC-R, Part I, item 53) (expressed

as a percentage), minus the greater of zero and the

following amount:

(1) 7.5 percent; minus

(2) The ratio (expressed as a percentage) of the top-tier

BHC’s outstanding eligible external long-term debt

amount to total leverage exposure (as reported on

Schedule HC-R, Part I, item 59, Column A).

If the TLAC supplementary leverage ratio, as reported in

line item 59, Column B, is less than or equal to 7.5

percent, the top-tier BHC’s external TLAC leverage

buffer level should be reported as zero.

Leverage Buffer and Requirements for Holding

Companies Subject to the Capital Plan Rule

Line Item 63 Total leverage exposure for the

supplementary leverage ratio (SLR) (if applicable)

Advanced approaches and Category III holding companies must report the total leverage exposure from

FFIEC 101 Schedule A, Table 2, Item 2.21.

Line Item 64 Leverage buffer requirement (if

applicable)

All GSIB holding companies report 2.0000 percent.

All non-GSIB holding companies report 0.0000 percent.

Line Item 65 Leverage ratio buffer (if applicable)

For all GSIB holding companies, report the leverage

buffer as a percentage, rounded to four decimal places, if

applicable, from FFIEC 101 Schedule A, Table 2,

Item 2.23.

Schedule HC-R

HC-R-52 FR Y-9C

Schedule HC-R June 2021
The leverage buffer is equal to Schedule HC-R, item 53,

less 3.0000 percent, which is the minimum leverage

buffer requirement under section 10(a)(5) of the regulatory capital rules. However, if the holding company’s

leverage buffer calculated above is less than zero (i.e., is

negative), the holding company’s leverage buffer is zero.

Maximum Payout Ratios and Amounts for Holding

Companies Subject to the Capital Plan Rule:

Line Item 66 Eligible retained income.

Report the amount of eligible retained income as the

greater of (1) a holding company’s net income for the

four preceding calendar quarters, net of any distributions

and associated tax effects not already reflected in net

income, and (2) the average of holding company’s net

income over the four preceding calendar quarters. (See

the instructions for Schedule HC-R, Part I, item 52, for

the definition of “distributions” from section 2 of the

regulatory capital rules.)

For Schedule HC-R, Part I, item 59, the four preceding

calendar quarters refers to the calendar quarter ending on

the last date of the reporting period and the three

preceding calendar quarters as illustrated in the example

below. The average of an holding company’s net income

over the four preceding calendar quarters refers to average of three- month net income for the calendar quarter

ending on the last date of the reporting period and the

three-month net income for the three preceding calendar

quarters as illustrated in the example below.

Example and a worksheet calculation:

Assumptions:

• Eligible retained income is calculated for FR Y-9C

report date of March 31, 2021.

• The holding company reported the following on its

FR Y-9C in Schedule HI, Income Statement, item 14,

“Net income (loss) attributable to holding company

(item 12 minus item 13)”:

FR Y-9C

Report Date

Amount

Reported

in Item 14

Three

Month

Net Income

March 31, 2020 $400 (A) $400

June 30, 2020 $900 (B) $500 (B-A)

September 30, 2020 $1,500 (C) $600 (C-B)

December 31, 2020 $1,900 (D) $400 (D-C)

March 31, 2021 $200 (E) $200 (E)

• The distributions and associated tax effects not already

reflected in net income (e.g., dividends declared on the

holding company’s common stock between April 1,

2020, and March 31, 2021) in this example are $400

per each of the four preceding calendar quarters.

Q2

2020

Q3

2020

Q4

2020

Q1

2021

Net Income $500 $600 $400 $200

Adjustments for

distributions and

associated tax

effects not

already reflected

in net income

($400) ($400) ($400) ($400)

Adjusted Net

Income

(Net Income –

Adjustments)

$100 $200 $0 ($200)

Schedule HC-R

FR Y-9C HC-R-53

Schedule HC-R June 2021
(1) Calculate a holding company’s net income for the

four preceding calendar

quarters, net of any distributions and associated tax

effects not already reflected

in net income

$100 + $200 + $0

+ ($200) = $100

(2) Calculate the average of a

holding company’s threemonth net income over the

four preceding calendar

quarters

($500 + $600 +

$400 + $200) / 4

= $425*

(3) Take the greater of step (1)

and step (2) and report in

Schedule HC-R, Part I, item

51.

$425

* From a practical perspective, a holding company can

use the year-to-date net income reflected in Schedule HI,

item 14, for December 31, 2020, subtract from it the net

income reflected in Schedule HI, item 14, for March 31,

2020, and then add the net income in Schedule HI,

item 14, for March 31, 2021 to calculate the numerator in

the step 2, above. For the example above, the average of a

holding company’s three-month net income over the four

preceding calendar quarters: ($1,900 (D) less $400 (A)

plus $200 (E)) divided by 4 = $425.

Line Item 67 Maximum payout ratio

Report the maximum payout ratio for the reporting

institution, which corresponds to the lowest ratio determined by its standardized approach capital conservation

buffer; if applicable, advanced approaches capital conservation buffer; and, if applicable, leverage buffer; as set

forth in Table 2 to 12 CFR 217.11.

Line Item 68 Maximum payout amount

Report the maximum payout amount, equal to the holding company’s eligible retained income (item 59) multiplied by the maximum payout ratio reported in item 60.

For example, in order to determine the maximum payout

amount that a firm may pay in capital distributions and

discretionary bonus payments for the second quarter

of 2021, a firm would multiply its applicable maximum

payout ratio by its eligible retained income. The eligible

retained income used to calculate the maximum payout

amount for the period from April 1, 2021 to June 30,

2021 would be based on the firm’s net income for the

four calendar quarters ending on March 31, 2021 and the

maximum payout ratio would be determined based on the

capital ratios of the firm as of March 31, 2020 (as

described in item 60). Firms that are subject to stress

buffer requirements are expected to know their capital

positions on a daily basis. If a firm has any uncertainty

regarding its quarter-end capital ratios prior to filing its

regulatory reports, it should be conservative with capital

distributions (including buybacks) during the beginning

of a calendar quarter in order to avoid a situation in

which it distributes more than the amount permitted

under the capital rule.

Line Item 69 Distributions and discretionary bonus

payments during the quarter.

Report the amount of distributions and discretionary

bonus payments made during the calendar quarter ending

on the report date.

For example, for purposes of the December 31, 2020,

report date, report in item 62 the distributions and

discretionary bonus payments made during the quarter

ending December 31, 2020.

See instructions for item 52 above for the definition of

“distribution.”

Part II: Risk-Weighted Assets

Community Bank Leverage Ratio Framework:

A qualifying holding company that decides to opt into the

community bank leverage ratio (CBLR) framework

should not complete Schedule HC-R, Part II. All other

holding companies should complete Schedule HC-R,

Part II. A qualifying holding company can opt out of the

community bank leverage ratio framework by completing Schedule HC-R, Parts I and II excluding Schedule

HC-R, Part I, items 32 through 36. Please refer to the

General Instructions for Schedule HC-R, Part I for

information on the reporting requirements that apply

when a holding company ceases to meet the applicable

leverage ratio requirement under the CBLR framework

or fails to meet any of the other CBLR qualifying criteria

and is no longer in the grace period.

General Instructions for Part II

The instructions for Schedule HC-R, Part II, items 1

through 22 provide general directions for the allocation

Schedule HC-R

HC-R-54 FR Y-9C

Schedule HC-R June 2021
of holding company balance sheet assets and credit

equivalent amounts of derivatives and off-balance sheet

items, and unsettled transactions to the risk weight

categories in columns C through Q (and, for items 1

through 10 only, to the items adjusted from the totals

reported in Schedule HC-R, Part II, column A in column B). In general, the aggregate amount allocated to

each risk-weight category is then multiplied by the risk

weight associated with that category. The resulting riskweighted values from each of the risk categories are

added together, and generally this sum is the Holding

company total risk-weighted assets, which comprises the

denominator of the risk-based capital ratios. These

instructions should provide sufficient guidance for most

holding companies for risk-weighting their balance sheet

assets and credit equivalent amounts. However, these

instructions do not address every type of exposure.

Holding companies should review the Board’s regulatory

capital rules for the complete description of the applicable capital requirements.

Exposure Amount Subject to Risk Weighting

In general, holding companies need to risk weight the

exposure amount. The exposure amount is defined in §.2

of the regulatory capital rules as follows:

(1) For the on-balance sheet component of an exposure,17 the holding company’s carrying value of the

exposure.

(2) For a security18 classified as AFS or HTM where the

holding company has made the AOCI opt-out election in Schedule HC-R, Part I, item 3(a), the carrying

value for the exposure (including net accrued but

uncollected interest and fees)19 less any net unrealized gains on the exposure plus any net unrealized

loss on the exposure included in AOCI.

(3) For the off-balance sheet component of an exposure,20 the notional amount of the off-balance sheet

component multiplied by the appropriate Credit conversion factor in §.33 of the regulatory capital rules.

(4) For an exposure that is an OTC derivative contract,

the exposure amount determined under §.34 or §.132

of the regulatory capital rules.

(5) For an exposure that is a derivative contract that is a

cleared transaction, the trade exposure amount determined under §.35 or §.133 of the regulatory capital

rules.

For derivatives that have matured, but have associated unsettled receivables or payables that are reported

as assets or liabilities, respectively, on the balance

sheet as of the quarter-end report date, a holding

company does not need to report such notional

amounts for derivatives that have matured for the

purpose of Schedule HC-R, Part II, Risk-Weighted

Assets.

(6) For an exposure that is an eligible margin loan or

repo-style transaction (including a cleared transaction) for which the holding company calculates the

exposure amount as provided in §.37, the exposure

amount determined under §.37 of the regulatory

capital rules.

(7) For an exposure that is a securitization exposure, the

exposure amount determined under §.42 of the regulatory capital rules.

As indicated in the definition in §.2 of the regulatory

capital rules, carrying value means with respect to an

asset, the value of the asset on the balance sheet of the

holding company determined in accordance with GAAP.

Amounts to Report in Column B

The amount to report in column B will vary depending

upon the nature of the particular item.

17. Not including: (1) an available-for-sale (AFS) or held-to-maturity

(HTM) security where the holding company has made the Accumulated

Other Comprehensive Income (AOCI) opt-out election in Schedule HC-R,

Part I, item 3(a), (2) an over-the-counter (OTC) derivative contract, (3) a

repo-style transaction or an eligible margin loan for which the holding

company determines the exposure amount under §.37 of the regulatory

capital rules, (4) a cleared transaction, (5) a default fund contribution, or

(6) a securitization exposure.

18. Not including: (1) a securitization exposure, (2) an equity exposure,

or (3) preferred stock classified as an equity security under generally

accepted accounting principles (GAAP).

19. Where the holding company has made the AOCI opt-out election,

accrued but uncollected interest and fees reported in Schedule HC, item 11,

“Other assets,” associated with AFS or HTM debt securities that are not

securitization exposures should be reported in Schedule HC-R, Part II,

item 8, “All other assets.”

20. Not including: (1) an OTC derivative contract, (2) a repo-style

transaction or an eligible margin loan for which the holding company

calculates the exposure amount under §.37 of the regulatory capital rules,

(3) a cleared transaction, (4) a default fund contribution, or (5) a securitization exposure,

Schedule HC-R

FR Y-9C HC-R-55

Schedule HC-R December 2020
For items 1 through 8 and 11 of Schedule HC-R, Part II,

column B should include the amount of the reporting

holding company’s on-balance sheet assets that are

deducted or excluded (not risk weighted) in the determination of risk-weighted assets. Column B should include

assets that are deducted from capital such as:

• Goodwill;

• Other intangibles (other than mortgage servicing assets

(MSAs));

• Gain on sale of securitization exposures;

• For non-advanced approaches holding companies,

threshold deductions above the 25 percent individual

limits for (1) deferred tax assets (DTAs) arising from

temporary differences that could not be realized through

net operating loss carrybacks, (2) MSAs, net of associated deferred tax liabilities (DTLs), and (3) investments in the capital of unconsolidated financial institutions;

• For advanced approaches holding companies, threshold deductions above the 10 percent individual or 15

percent combined limits for (1) DTAs arising from

temporary differences that could be realized through

net operating loss carrybacks, (2) MSAs, net of associated DTLs, and (3) significant investments in the

capital of unconsolidated financial institutions in the

form of common stock;

• For advanced approaches holding companies, nonsignificant investments in the capital of unconsolidated

financial institutions in the form of common stock that

exceed the 10 percent threshold for non-significant

investments;

• For advanced approaches holding companies, investments in covered debt instruments and nonqualifying

excluded covered debt instruments,21 as applicable;

and

• Any other assets that must be deducted in accordance

with the requirements of the Board.

Column B should also include items that are excluded

from the calculation of risk-weighted assets, such as the

allowance for loan and lease losses, or allowances for

credit losses, as applicable; allocated transfer risk reserves;

and certain on-balance sheet asset amounts associated

with derivative contracts that are included in the calculation of the credit equivalent amounts of the derivative

contracts. In addition, for items 1 through 8 and 11 of

Schedule HC-R, Part II, column B should include any

difference between the balance sheet amount of an

on-balance sheet asset and its exposure amount as

described above under “Exposure Amount Subject to

Risk Weighting.”

Note: For items 1 through 8 and 11 of Schedule HC-R,

Part II, the sum of columns B through R must equal the

balance sheet asset amount reported in column A.

For items 9(a) through 9(d) of Schedule HC-R, Part II,

the amount a reporting holding company should report in

column B will depend upon the risk weighting approach

it uses to risk weight its securitization exposures and

whether the holding company’s has made the AOCI

opt-out election in Schedule HC-R, Part I, item 3(a). For

each of items 9(a) through 9(d), a mathematical relationship similar to the one described above will hold true,

such that the sum of columns B through Q must equal the

balance sheet asset amount reported in column A.

• If the holding company uses the 1,250 percent risk

weight approach to risk weight an on-balance sheet

securitization exposure, the holding company will

report in column B the difference between the carrying

value of the exposure and the exposure amount that is

to be risk weighted. For example if a holding company

has a securitization exposure that is an AFS debt

security with a $105 carrying value (i.e., fair value)

including a $5 unrealized gain (in other words, a $100

amortized cost), the holding company would report the

following:

o If the holding company has not made (or cannot

make) the AOCI opt-out election, the holding company would report zero in item 9(b), column B. The

holding company would report the $105 exposure

amount to be risk weighted in item 9(b), column Q -

1250% risk weight.

o If the holding company has made the AOCI opt-out

election, the holding company would report any

unrealized gain as a positive number in item 9(b),

column B, and any unrealized loss as a negative

number in item 9(b), column B. Therefore, in this

example, the holding company would report $5 in

item 9(b), column B. Because the holding company

21. Nonqualifying excluded covered debt instruments are those subject

to deduction according to the instructions for HC-R, Part I, item 43.

Schedule HC-R

HC-R-56 FR Y-9C

Schedule HC-R June 2021
reverses out the unrealized gain for regulatory capital purposes because it has made the AOCI opt-out

election, it does not have to risk weight the gain.

(Note: The holding company also would report the

$100 exposure amount to be risk weighted in item

9(b), column Q - 1250% risk weight.

• If the holding company uses the Simplified Supervisory Formula Approach (SSFA) or the Gross-Up

Approach to risk weight an on-balance sheet securitization exposure, the holding company will report in

column B the same amount that it reported in column A.

For item 10 of Schedule HC-R, Part II, the amount a

reporting holding company should report in column B

also will depend upon the risk weighting approach it uses

to risk weight its securitization exposures. If a holding

company uses the 1,250 percent risk weight approach to

risk weight an off-balance sheet securitization exposure,

the holding company will report in column B any difference between the notional amount of the off-balance

sheet securitization exposure that is reported in column A

and its exposure amount. If the holding company uses the

SSFA or the Gross-Up Approach to risk weight an

off-balance sheet securitization exposure, the holding

company will report in column B the same amount that it

reported in column A. An example is presented in the

instructions for Schedule HC-R, Part II, item 10. For item

10 of Schedule HC-R, Part II, the sum of columns B

through Q must equal the amount of the off-balance sheet

securitization exposures reported in column A.

For items 12 through 21 of Schedule HC-R, Part II,

column B should include the credit equivalent amounts

of the reporting holding company’s derivative contracts

and off-balance sheet items that are covered by the

regulatory capital rules. For the off-balance sheet items in

items 12 through 19, the credit equivalent amount to be

reported in column B is calculated by multiplying the

face, notional, or other amount reported in column A by

the appropriate CCF. The credit equivalent amounts in

column B are to be allocated to the appropriate riskweight categories in columns C through J (or to the

securitization exposure collateral category in column R,

if applicable). For items 12 through 21 of Schedule

HC-R, Part II, the sum of columns C through J (plus

column R, if applicable) must equal the credit equivalent

amount reported in column B.

Treatment of Collateral and Guarantees

a. Collateralized Transactions

The rules for recognition of collateral are in §.37 and

pertinent definitions in §.2 of the regulatory capital rules.

The regulatory capital rules define qualifying financial

collateral as cash on deposit, gold bullion, investment

grade long- and short-term debt exposures (that are not

resecuritization exposures), publicly traded equity securities and convertible bonds, and money market fund or

other mutual fund shares with prices that are publicly

quoted on a daily basis.

Holding companies may apply one of two approaches, as

outlined in §.37, to recognize the risk-mitigating effects

of qualifying financial collateral:

(1) Simple Approach: can be used for any type of

exposure. Under this approach, holding companies

may apply a risk weight to the portion of an exposure

that is secured by the fair value of the financial

collateral based on the risk weight assigned to the

collateral under §.32. However, under this approach,

the risk weight assigned to the collateralized portion

of the exposure may not be less than 20 percent,

unless one of the following exceptions applies:

• Zero percent risk weight - may be assigned to: an

exposure to an over the counter derivative contract

that is marked-to-market on a daily basis and

subject to a daily margin requirement, to the extent

that the contract is collateralized to cash on deposit;

to the portion of an exposure collateralized by cash

on deposit; to the portion of an exposure collateralized by an exposure to a sovereign that qualifies for

the zero percent risk weight under §.32 and the

holding company has discounted the fair value of

the collateral by 20 percent.

• 10 percent risk weight: may be assigned to an

exposure to an OTC derivative contract that is

marked-to-market on a daily basis and subject to a

daily margin requirement, to the extent that the

contract is collateralized by an exposure to a sovereign that qualified for a zero percent risk weight

under §.32.

(2) Collateral Haircut Approach: can be used only for

repo-style transactions, eligible margin loans, collateralized derivative transactions, and single-product

netting sets of such transactions. Under this approach,

Schedule HC-R

FR Y-9C HC-R-57

Schedule HC-R December 2015
holding companies would apply either standard supervisory haircuts or own internal estimates for haircuts

to the value of the collateral. See §.37(c) of the

regulatory capital rules for a description of the

calculation of the exposure amount, standard supervisory market price volatility haircuts, and requirements for using own internal estimates for haircuts.

Holding companies may use any approach described in

§.37 that is valid for a particular type of exposure or

transaction; however, they must use the same approach

for similar transactions or exposures.

If an exposure is partially secured, that is, the market

value (or in cases of using the Collateral Haircut

Approach, the adjusted market value) of the financial

collateral is less than the face amount of an asset or

off-balance sheet exposure, only the portion that is

covered by the market value of the collateral is to be

reported in the risk-weight category item appropriate to

the type of collateral. The uncovered portion of the

exposure continues to be assigned to the initial riskweight category item appropriate to the exposure. The

face amount of an exposure secured by multiple types of

qualifying collateral is to be reported in the risk-weight

category items appropriate to the collateral types, apportioned according to the market value of the types of

collateral.

Exposures collateralized by deposits at the reporting

institution

The portion of any exposure collateralized by deposits at

the reporting institution would be eligible for a zero

percent risk weight. The remaining portion of the exposure that is not collateralized by deposits should be

risk-weighted according to the regulatory capital rules.

b. Guarantees and credit derivatives

The rules for recognition of guarantees and credit derivatives are in §.36 and pertinent definitions are in §.2 of the

regulatory capital rules. A holding company may recognize the credit risk mitigation benefits of an eligible

guarantee or eligible credit derivative by substituting the

risk weight associated with the protection provider for

the risk weight assigned to the exposure. Please refer to

the definitions of eligible guarantee, eligible guarantor,

and eligible credit derivative in §.2 of the regulatory

capital rules. Note that in the definition of eligible

guarantee, where the definition discusses contingent guarantees, only contingent guarantees of the U.S. government or its agencies are recognized.

The coverage amount provided by an eligible guarantee

or eligible credit derivative will need to be adjusted

downward if:

• The residual maturity of the credit risk mitigant is

less than that of the hedged exposure (maturity

mismatch adjustment), see §.36(c);

• The credit risk mitigant does not include as a

credit event a restructuring of the hedged exposure involving forgiveness or postponement of

principal, interest, or fees that results in a credit

loss event (that is, a charge-off, specific provision,

or other similar debit to the profit and loss

account), see §.36(d); or

• The credit risk mitigant is denominated in a

currency different from that in which the hedged

exposure is denominated (currency mismatch

adjustment), see §.36(e).

Exposures covered by Federal Deposit Insurance Corporation (FDIC) loss sharing agreements

The portion of any exposure covered by an FDIC loss

sharing agreement would be eligible for a 20 percent risk

weight. The remaining uncovered portion of the exposure

should be risk-weighted according to the regulatory

capital rules.

Treatment of Equity Exposures

The treatment of equity exposures is outlined in §.51

through §.53 of the regulatory capital rules. Holding

companies must use different methodologies to determine risk weighted assets for their equity exposures:

• The Simple Risk Weight Approach (SRWA),

which must be used for all types of equity exposures that are not equity exposures to a mutual

fund or other investment fund, and

• Full look-through, simple modified look-through,

and alternative modified look-through approaches

for equity exposures to mutual funds and other

investment funds.

Treatment of stable value protection

The regulatory capital rules define stable value protection

(SVP) in §.51(a)(3).

Schedule HC-R

HC-R-58 FR Y-9C

Schedule HC-R December 2015
A holding company that purchases SVP on an investment

in a separate account must treat the portion of the

carrying value of the investment attributable to the SVP

as an exposure to the provider of the protection. The

remaining portion of the carrying value of the investment

must be treated as an equity exposure to an investment

fund.

A holding company that provides SVP must treat the

exposure as an equity derivative with an adjusted carrying value equal to the sum of the on-balance and offbalance sheet adjusted carrying value.

Adjusted carrying value

The adjusted carrying value of an equity exposure is

equal to:

• On-balance sheet equity exposure: the carrying value

of the exposure.

• Off-balance sheet portion of an equity exposure

(that is not an equity commitment): the effective

notional principal amount22 of the exposure minus the

adjusted carrying value of the on-balance sheet component of the exposure.

For an equity commitment (a commitment to purchase an

equity exposure), the effective notional principal amount

must be multiplied by the following CCFs: 20 percent for

conditional equity commitments with an original maturity of one year or less, 50 percent for conditional equity

commitments with an original maturity of more than one

year, and 100 percent for unconditional equity commitments.

Equity exposure risk weighting methodologies

(1) Simple Risk Weight Approach (SWRA): must be

used for all types of equity exposures that are not

equity exposures to a mutual fund or other investment fund. Under this approach, holding companies

must determine the risk weighted asset amount of an

individual equity exposure by multiplying (1) the

adjusted carrying value of the exposure or (2) the

effective portion and ineffective portion of a hedge

pair by the lowest possible risk weight below:

• Zero percent risk weight - an equity exposure to a

sovereign, Bank for International Settlements, the

European Central Bank, the European Commission, the International Monetary Fund, the European Stability Mechanism, the European Financial Stability Facility, a multilateral development

bank (MDB), and any other entity whose credit

exposures receive a zero percent risk weight under

§.32 of the regulatory capital rules.

• 20 percent risk weight: an equity exposure to a

public sector entity, Federal Home Loan Bank,

and the Federal Agricultural Mortgage Corporation (Farmer Mac).

• 100 percent risk weight: equity exposures to:

o Certain qualified community development

investments,

o The effective portion of hedge pairs,

o For non-advanced approaches holding companies: Equity exposures, to the extent that the

aggregate carrying value of the exposures does

not exceed 10 percent of total capital. To utilize

this risk weight, the holding company must

aggregate the following equity exposures:

unconsolidated small business investment companies or held through consolidated small business investment companies; publicly traded

(including those held indirectly through mutual

funds or other investment funds); and nonpublicly traded (including those held indirectly

through mutual funds or other investment funds),

and

o For advanced approaches holding companies:

Non-significant equity exposures, to the extent

that the aggregate carrying value of the exposures does not exceed 10 percent of total capital. To utilize this risk weight, the bank must

aggregate the following equity exposures:

unconsolidated small business investment companies or held through consolidated small business investment companies; publicly traded

(including those held indirectly through mutual

funds or other investment funds); and nonpublicly traded (including those held indirectly

through mutual funds or other investment funds)

22. The regulatory capital rules define the “effective notional principal

amount” as an exposure of equivalent size to a hypothetical on-balance

sheet position in the underlying equity instrument that would evidence the

same change in fair value (measured in dollars) given a small change in the

price of the underlying equity instrument.

Schedule HC-R

FR Y-9C HC-R-59

Schedule HC-R March 2020
• 250 percent risk weight: For advanced approaches

holding companies only: Significant investments

in the capital of unconsolidated financial institutions in the form of common stock that are not

deducted from capital.

• 300 percent risk weight: publicly traded equity

exposures.

• 400 percent risk weight: equity exposures that are

not publicly traded.

• 600 percent risk weight: an equity exposure to an

investment firm, provided that the investment firm

would (1) meet the definition of traditional securitization in §.2 of the regulatory capital rules

were it not for the application of paragraph (8) of

the definition and (2) has greater than immaterial

leverage.

(2) Full look-through approach: used only for equity

exposures to a mutual fund or other investment fund.

Requires a minimum risk weight of 20 percent.

Under this approach, holding companies calculate

the aggregate risk-weighted asset amounts of the

carrying value of the exposures held by the fund as if

they were held directly by the holding company

multiplied by the holding company’s proportional

ownership share of the fund.

(3) Simple modified look-through approach: used only

for equity exposures to a mutual fund or other

investment fund. Requires a minimum risk weight of

20 percent. Under this approach, risk-weighted assets

for an equity exposure is equal to the exposure’s

adjusted carrying value multiplied by the highest risk

weight that applies to any exposure the fund is

permitted to hold under the prospectus, partnership

agreement, or similar agreement that defines the

funds permissible investments.

(4) Alternative modified look-through approach: used

only for equity exposures to a mutual fund or other

investment fund. Requires a minimum risk weight of

20 percent. Under this approach, holding companies

may assign the adjusted carrying value on a pro rata

basis to different risk weight categories based on the

limits in the fund’s prospectus, partnership agreement, or similar contract that defines the fund’s

permissible investments.

Treatment of Sales of 1-4 Family Residential First

Mortgage Loans with Credit-Enhancing Representations and Warranties

When a holding company transfers mortgage loans with

credit-enhancing representations and warranties in a

transaction that qualifies for sale accounting under GAAP,

the holding company will need to report and risk weight

those exposures. The definition of ‘‘credit-enhancing

representations and warranties’’ (CERWs) is found in §.2

of the regulatory capital rules. Many CERWs should be

treated as securitization exposures for purposes of risk

weighting. However, those CERWs that do not qualify as

securitization exposures receive a 100 percent CCF as

indicated in §.33 of the regulatory capital rules. For

example, if the holding company has agreed to repurchase the loans that it has sold, it will generally need to

risk weight those loans in Schedule HC-R, Part II,

item 17 until the warranties expire. Note that CERWs do

not include certain early default clauses and similar

warranties that permit the return of, or premium refund

clauses covering, 1-4 family residential mortgage loans

that qualify for a 50 percent risk weight provided the

warranty period does not exceed 120 days from the date

of transfer.

Example: A holding company sells $100 in qualifying 1-4 family residential first mortgage loans and

agrees to repurchase them in case of early default

for up to 180 days. This warranty exceeds the 120

day limit, and therefore the full $100 should be

reported in Schedule HC-R, Part II, item 17 until the

warranty expires.

If the holding company has made a CERW that is limited

or capped (e.g., a warranty to cover first losses on loans

up to a set amount that is less than the full loan amount),

such warranties are regarded as securitization exposures

under the regulatory capital rules as they represent a

transaction that has been separated into at least two

tranches reflecting different levels of seniority for credit

risk. (Refer to the definitions of securitization exposure,

synthetic securitization, traditional securitization, and

tranche in §.2 of the regulatory capital rules). The

holding company will need to report and risk weight

these warranties in Schedule HC-R, Part II, item 10, as

off-balance sheet securitization exposures.

Example: A holding company sells $100 in qualifying 1-4 family residential first mortgage loans and

agrees to compensate the buyer for losses up to $2 if

Schedule HC-R

HC-R-60 FR Y-9C

Schedule HC-R March 2020
the loans default during the first 12 months. Twelve

months exceeds the 120-day limit and therefore the

agreement is a CERW. The CERW is also a securitization exposure because the $2 is effectively a first

loss tranche on a $100 transaction.

For purposes of reporting this transaction in Schedule

HC-R, Part II, item 10, the holding company should

report $100 in column A, an adjustment of $98 in column

B, and then $2 in column Q as an exposure amount that is

risk weighted by applying a 1,250 percent risk weight (if

the holding company does not use the Simplified Supervisory Formula Approach (SSFA) or the Gross-Up

Approach for purposes of risk weighting its securitization

exposures). The holding company will not need to report

any amount in column T or U of Schedule HC-R, Part II,

item 10, unless it uses the SSFA or Gross-Up Approach

for calculating the risk weighted asset amount for this

transaction.

If the holding company uses either the SSFA or Gross-Up

Approach to risk weight the $2 exposure, the holding

company should report $100 in both column A and

column B. In columns T or U, it would report the

risk-weighted asset amount calculated by using either the

SSFA or Gross-Up Approach, respectively.

Treatment of Exposures to Sovereign Entities and

Foreign Banks

These instructions contain several references to Country

Risk Classifications (CRC) used by the Organization for

Economic Cooperation and Development (OECD). The

CRC methodology classifies countries into one of eight

risk categories (0-7), with countries assigned to the zero

category having the lowest possible risk assessment and

countries assigned to the 7 category having the highest

possible risk assessment. The OECD regularly updates

CRCs for more than 150 countries and makes the assessments publicly available on its website.23 The OECD

does not assign a CRC to every country; for example, it

does not assign a CRC to a number of major economies;

it also does not assign a CRC to many smaller countries.

As such, the table below also provides risk weights for

countries with no CRC based on whether or not those

particular countries are members of the OECD. In addition, there is a higher risk weight of 150 percent for any

country that has defaulted on its sovereign debt within

the past 5 years, regardless of the CRC rating.

Risk weights for reported balance sheet (items 1 through

8) and off-balance sheet and other (items 12 through 22)

exposures are to be assigned based upon the tables

below:

23. See http://www.oecd.org/trade/xcred/crc.htm.

Schedule HC-R

FR Y-9C HC-R-61

Schedule HC-R December 2015
• Exposures to foreign central governments (including foreign central banks):

Risk Weight

(%)

Home Country CRC

0-1 0

2 20

3 50

4-6 100

7 150

OECD Member with No CRC 0

Non-OECD Member with No CRC 100

Countries with Sovereign Default in Previous Five Years 150

• Exposures to foreign banks:

Risk Weight

(%)

Home Country CRC

0-1 20

2 50

3 100

4-7 150

OECD Member with No CRC 20

Non-OECD Member with No CRC 100

Countries with Sovereign Default in Previous Five Years 150

Schedule HC-R

HC-R-62 FR Y-9C

Schedule HC-R December 2015
• General obligation exposures to foreign public sector entities:

Risk Weight

(%)

Home Country CRC

0-1 20

2 50

3 100

4-7 150

OECD Member with No CRC 20

Non-OECD Member with No CRC 100

Countries with Sovereign Default in Previous Five Years 150

• Revenue obligation exposures to foreign public sector entities:

Risk Weight

(%)

Home Country CRC

0-1 50

2-3 100

4-7 150

OECD Member with No CRC 50

Non-OECD Member with No CRC 100

Countries with Sovereign Default in Previous Five Years 150

All risk-weight categories pertaining to exposures to central foreign governments:

• All exposures to foreign central governments may be

assigned a lower risk weight if the following conditions

are met: (1) the exposures are denominated in the

particular foreign country’s local currency; (2) the

holding company has at least equivalent liabilities in

that currency; and (3) the risk weight is not lower than

the risk weight that particular foreign country allows

under its jurisdiction to assign to the same exposures to

that country.

Summary of Risk Weights for Exposures to Government and Public Sector Entities

The following are some of the most common exposures

to government and public sector entities and the risk

weights that apply to them:

Column C – 0%column:

• All exposures (defined broadly to include securities,

loans, and leases) that are direct exposures to, or the

portion of exposures that are directly and unconditionally guaranteed by, the U.S. Government or U.S. Government agencies. This includes the portions of deposits insured by the Federal Deposit Insurance Corporation

Schedule HC-R

FR Y-9C HC-R-63

Schedule HC-R December 2015
(FDIC) or the National Credit Union Administration

(NCUA).

• Exposures that are collateralized by cash on deposit in

the reporting holding company.

• Exposures that are collateralized by securities issued or

guaranteed by the U.S. Government, or other sovereign

governments that qualify for the zero percent risk

weight. Collateral value must be adjusted under §.37 of

the regulatory capital rules.

• Exposures to, and the portions of exposures guaranteed

by, the Bank for International Settlements, the European Central Bank, the European Commission, the

International Monetary Fund, the European Stability

Mechanism, the European Financial Stability Facility,

or a multilateral development fund (as specifically

defined in §.2 of the regulatory capital rules).

Column G – 20% column:

• The portion of exposures that are conditionally guaranteed by the U.S. Government or U.S. Government

agencies. This includes exposures, or the portions of

exposures, conditionally guaranteed by the FDIC or the

NCUA.

• The portion of exposures that are collateralized by cash

on deposit in the holding company or by securities

issued or guaranteed by the U.S. Government or U.S.

Government agencies that are not included in zero

percent column.

• General obligation exposures to states, municipalities,

and other political subdivisions of the United States.

• Exposures to U.S. government sponsored entities

(GSEs) other than equity exposures or preferred stock,

and risk sharing securities.

Column H – 50% column:

• Revenue obligation exposures to states, municipalities,

and other political subdivisions of the United States.

Column I – 100% column:

• Preferred stock of U.S. GSEs.

Risk Weighted Assets for Securitization Exposures

Under the regulatory capital rules, three separate

approaches are available for setting the regulatory capital

requirements for securitization exposures, as defined in

§.2 of the regulatory capital rules. Securitization exposures include asset-backed and mortgage-backed securities, other positions in securitization transactions,

re-securitizations, and structured finance programs24

(except credit-enhancing interest-only (CEIO) strips). In

general, under each of the three approaches, the riskbased capital requirement for a position in a securitization or structured finance program (hereafter referred to

collectively as a securitization) is computed by multiplying the calculated amount of the position by the appropriate risk weight. The three approaches to determining the

proper risk weight for a securitization exposure are the

Simplified Supervisory formula approach, the Gross-Up

Approach, or the 1,250 Percent Risk Weight Approach.

If a securitization exposure is not an after-tax gain-onsale resulting from a securitization that requires deduction, or the portion of a CEIO strip that does not

constitute an after-tax gain-on-sale,25 a holding company

may assign a risk weight to the securitization exposure

using the SSFA if certain requirements are met. If a

holding company is not subject to Subpart F (the market

risk capital rule) of the regulatory capital rules, it may

instead choose to assign a risk weight to the securitization exposure using the Gross-Up Approach if certain

requirements are met. However, the holding company

must apply either the SSFA or the Gross-Up Approach

consistently across all of its securitization exposures.

However, if the holding company cannot, or chooses not

to, apply the SSFA or the Gross-Up Approach to an

individual securitization exposure, the holding company

must assign a 1,250 percent risk weight to that exposure.

Both traditional and synthetic securitizations must meet

certain operational requirements before applying either

the SSFA or the Gross-Up Approach. Furthermore, holding companies must complete certain due diligence

requirements and satisfactorily demonstrate a comprehensive understanding of the features of the securitization exposure that would materially affect the performance of the exposure. If these due diligence requirements

are not met, the holding company must assign the

24. Structured finance programs include, but are not limited to, collateralized debt obligations.

25. Consistent with the regulatory capital rules, a holding company

must deduct from common equity tier 1 capital any after-tax gain-on-sale

resulting from a securitization and must apply a 1,250 percent risk weight

to the portion of a CEIO strip that does not constitute an after-tax

gain-on-sale.

Schedule HC-R

HC-R-64 FR Y-9C

Schedule HC-R March 2020
securitization exposure a risk weight of 1,250 percent.

The holding company’s analysis must be commensurate

with the complexity of the securitization exposure and

the materiality of the exposure in relation to its capital.

Holding companies should refer to §.41 of the regulatory

capital rules to review the details of these operational and

due diligence requirements.

For example, a holding company not subject to the

market risk capital rule has 12 securitization exposures.

The operational and due diligence requirements have

been met for 10 of the exposures, to which the holding

company applies the Gross-Up Approach. The holding

company then assigns a 1,250 percent risk weight to the

other two exposures. Alternatively, the holding company

could assign a 1,250 percent risk weight to all 12

securitization exposures.

a. Exposure Amount Calculation

The exposure amount of an on-balance sheet securitization exposure that is not an available-for-sale or held-tomaturity security where the holding company has made

the Accumulated Other Comprehensive Income (AOCI)

opt-out election in Schedule HC-R, Part I, item 3(a), a

repo-style transaction, an eligible margin loan, an overthe-counter (OTC) derivative contract, or a cleared transaction is equal to the carrying value of the exposure.

The exposure amount of an on-balance sheet securitization exposure that is an available-for-sale or held-tomaturity security where the holding company has made

the AOCI opt-out election in Schedule HC-R, Part I,

item 3.a, is equal to the carrying value of the exposure

(including any accrued interest receivable on the exposure reported in Schedule HC, item 11), less any net

unrealized gains on the exposure and plus any net

unrealized losses on the exposure.

The exposure amount of an off-balance sheet securitization exposure that is not a repo-style transaction, an

eligible margin loan, a cleared transaction (other than a

credit derivative), an OTC derivative contract (other than

a credit derivative), or an exposure to an asset-backed

commercial paper (ABCP) program is the notional

amount of the exposure.

For an off-balance sheet securitization exposure to an

asset-backed commercial paper (ABCP) program, such

as an eligible ABCP liquidity facility, the notional

amount may be reduced to the maximum potential

amount that the holding company could be required to

fund given the ABCP program’s current underlying

assets (calculated without regard to the current credit

quality of those assets). An exposure amount of an

eligible ABCP liquidity facility for which the SSFA does

not apply is calculated by multiplying the notional

amount of the exposure by a CCF of 50 percent. An

exposure amount of an eligible ABCP liquidity facility

for which the SSFA does apply is calculated by multiplying the notional amount of the exposure by a CCF of 100

percent.

Exposure amount of a securitization exposure that is a

repo-style transaction, eligible margin loan, or derivative

contract (other than a credit derivative) is the exposure

amount of the transaction as calculated using the instructions for calculating the exposure amount of derivatives

outlined in §.34, §.132 or §.37, respectively, of the

regulatory capital rules.

If a holding company has multiple securitization exposures that provide duplicative coverage to the underlying

exposures of a securitization, the holding company is not

required to hold duplicative risk-based capital against the

overlapping position. Instead, the holding company may

apply to the overlapping position the applicable riskbased capital treatment that results in the highest riskbased capital requirement.

If a holding company provides support to a securitization

in excess of the holding company’s contractual obligation to provide credit support to the securitization (implicit

support) it must include in risk-weighted assets all of the

underlying exposures associated with the securitization

as if the exposures had not been securitized and must

deduct from common equity tier 1 capital any after-tax

gain-on-sale resulting from the securitization.

b. Simplified Supervisory Formula Approach (SSFA)

To use the SSFA to determine the risk weight for a

securitization exposure, a holding company must have

data that enables it to accurately assign the parameters.

The data used to assign the parameters must be the most

currently available data and no more than 91 calendar

days old. A holding company that does not have the

appropriate data to assign the parameters must assign a

risk weight of 1,250 percent to the exposure. See the

operational requirements outlined in §.43 of the regulatory capital rules for further instructions.

To calculate the risk weight for a securitization exposure

using the SSFA, a holding company must have accurate

Schedule HC-R

FR Y-9C HC-R-65

Schedule HC-R March 2020
information on the following five inputs to the SSFA

calculation:

• Parameter KG is the weighted-average total capital

requirement for all underlying exposures calculated

using the SSFA (with unpaid principal used as the

weight for each exposure). Parameter KG is expressed

as a decimal value between zero and one (e.g., an

average risk weight of 100 percent represents a value

of KG equal to .08). ‘‘Underlying exposures’’ is defined

in the regulatory capital rules to mean one or more

exposures that have been securitized in a securitization

transaction. In this regard, underlying exposures means

all exposures, including performing and nonperforming exposures. Thus, for example, for a pool of underlying corporate exposures that have been securitized,

where 95 percent of the pool is performing (and qualify

for a risk weight of 100 percent) and 5 percent of the

pool is past due exposures that are not guaranteed and

are unsecured (and thus are assigned a risk weight of

150 percent), the weighted risk weight for the pool

would be 102.5 percent [102.5% = (95% * 100%) +

(5% * 150%)] and the total capital requirement KG

would be equal to 0.082 (102.5% divided by 1,250%).

This treatment is consistent with the regulatory capital

rules.

• Parameter W is the ratio of the sum of the dollar

amounts of any underlying exposures within the securitized pool to the ending balance, measured in dollars,

of underlying exposures, that meet any of the following

criteria: (1) 90 days or more past due; (2) subject to a

bankruptcy or insolvency proceeding; (3) in the process of foreclosure; (4) held as real estate owned; (5)

has contractually deferred interest payments for 90

days or more (other than in the case of deferments on

federally guaranteed student loans and certain consumer loans deferred according to provisions in the

contract); or (6) is in default. Parameter W is expressed

as a decimal value between zero and one.

As a result, past due exposures that also meet one or more

of the criteria in parameter W are to be factored into the

measure of both parameters KG and W for purposes of

calculating the regulatory capital requirement for securitization exposures using the SSFA.

• Parameter A is the attachment point for the exposure,

which represents the threshold at which credit losses

will first be allocated to the exposure. Parameter A

equals the ratio of the current dollar amount of underlying exposures that are subordinated to the exposure

of the holding company to the current dollar amount of

underlying exposures. Any reserve account funded by

the accumulated cash flows from the underlying exposures that is subordinated to the holding company’s

securitization exposure may be included in the calculation of parameter A to the extent that cash is present in

the account. Parameter A is expressed as a decimal

value between zero and one.

• Parameter D is the detachment point for the exposure,

which represents the threshold at which credit losses of

principal allocated to the exposure would result in a

total loss of principal. Parameter D equals parameter A

plus the ratio of the current dollar amount of the

securitization exposures that are pari passu with the

exposure (that is, have equal seniority with respect to

credit risk) to the current dollar amount of the underlying exposures. Parameter D is expressed as a decimal

value between zero and one.

• A supervisory calibration parameter, p, is equal to 0.5

for securitization exposures that are not resecuritization exposures and equal to 1.5 for resecuritization

exposures.

There are three steps to calculating the risk weight for a

securitization using the SSFA. First, a holding company

must complete the following equations using the previously described parameters:

KA = (1–W) . KG + ( 0.5 . W)

a = – 1

p . KA

u = D – KA

l = max(A- KA, 0)

e = 2.71828, the base of the natural logarithms

Second, using the variables calculated in first step, find

the value of KSSFA using the formula below:

KSSFA =

e

a.u – ea.l

a(u – l)

Third, the risk weight of any particular securitization

exposure (expressed as a percent) will depend on the

tranche’s attachment point and detachment point relative

to KA:

Schedule HC-R

HC-R-66 FR Y-9C

Schedule HC-R June 2020
Case 1: If the detachment point, parameter D, is less than

or equal to KA, the exposure is assigned a risk weight of

1,250 percent.

Case 2: If the attachment point, parameter A, is less than

KA and the detachment point, parameter D, is greater

than KA, the risk weight is a weighted average of 1,250

percent and 1,250 percent times KSSFA, calculated as

shown below:

Case 3: If the attachment point, parameter A, is greater

than or equal to KA, the risk weight is the product of

KSSFA and 1,250 percent, as shown in the following

equation:

To determine the risk-based capital requirement under

the SSFA, multiply the exposure amount by the higher of

either (1) the calculated risk weight or (2) a 20 percent

risk weight.

For purposes of reporting in Schedule HC-R, Part II,

items 9 and 10, a holding company would report in

Column T the risk-weighted asset amount calculated

under the SSFA for its securitization exposures.

c. Gross-Up Approach

A holding company that is not subject to the market risk

capital rule (Subpart F) in the regulatory capital rules

may apply the gross-up approach instead of the SSFA to

determine the risk weight of its securitization exposures,

provided that it applies the gross-up approach consistently to all of its securitization exposures.

To calculate the risk weight for a securitization exposure

using the gross-up approach, a holding company must

calculate the following four inputs:

(1) Pro rata share, which is the par value of the holding

company’s securitization exposure as a percent of the

par value of the tranche in which the securitization

exposure resides.

(2) Enhanced amount, which is the par value of the

tranches that are more senior to the tranche in which

the holding company’s securitization resides.

(3) Exposure amount of the holding company’s securitization exposure.

(4) Risk weight, which is the weighted-average risk

weight of underlying exposures in the securitization

pool.

The holding company would calculate the credit equivalent amount which is equal to the sum of the exposure

amount of the holding company’s securitization exposure

(3) and the pro rata share (1) multiplied by the enhanced

amount (2).

A holding company must assign the higher of the

weighted-average risk weight (4) or a 20 percent risk

weight to the securitization exposure using the gross-up

approach.

To determine the risk-based capital requirement under

the gross-up approach, multiply the higher of the two risk

weights by the credit equivalent amount. These steps are

outlined in the worksheet below:

Gross-Up Approach Worksheet to Calculate the

Capital Charge for a Securitization Exposure that is

Not a Senior Exposure26

(a) Currently outstanding par value of the

holding company’s non-senior

securitization exposure divided by the

currently outstanding par value of the

entire tranche (e.g., 60%27 ). . . . . . . . . . . . . . . . .

26. A senior securitization exposure means a securitization exposure

that has a first priority claim on the cash flows from the underlying

exposures, without considering amounts due under interest rate or currency

contracts, fees or other similar payments due. Time tranching (that is,

maturity differences) also is not considered when determining whether a

securitization exposure is a senior securitization exposure.

27. For example, if the currently outstanding par value of the entire

tranche is $100 and the currently outstanding par value of the holding

company’s subordinated security is $60, then the holding company would

enter 60% in (a).

RW K A

D A

D A

percent

D KA

1 250

1 250

,

percent KSSFA ,

A

RW KSSFA 1,250 percent

Schedule HC-R

FR Y-9C HC-R-67

Schedule HC-R June 2020
(b) Currently outstanding par value of the

more senior positions in the securitization

that are supported by the tranche in which

the holding company owns a non-senior

securitization exposure . . . . . . . . . . . . . . . . . . . . .

(c) Pro rata share of the more senior positions

currently outstanding in the securitization

that are supported by the holding

company’s non-senior securitization

exposure: enter (b) multiplied by (a) . . . . . . .

(d) Face amount28 of the holding company’s

non-senior securitization exposure . . . . . . . . .

(e) Enter the sum of (c) and (d) . . . . . . . . . . . . . . .

(f) Enter the weighted average risk weight

applicable to the assets underlying the

securitization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(g) Risk-weighted asset amount of the holding

company’s non-senior securitization

exposure: enter the higher of (d) multiplied

by 20%, or

• (d) multiplied by 20% or

• (e) multiplied by (f) . . . . . . . . . . . . . . . . . . . . . .

(h) Capital charge for the risk-weighted asset

amount of the holding company’s

non-senior securitization exposure: enter

(g) multiplied by 8% . . . . . . . . . . . . . . . . . . . . . . . .

For purposes of reporting its non-senior securitization

exposures in Schedule HC-R, Part II, items 9 and 10, a

holding company would report in Column U the riskweighted asset amount calculated in line (g) on the

Gross-Up Approach worksheet. For a senior securitization exposure, a holding company would report in column U the face amount of its exposure29 multiplied by

the weighted-average risk weight of the securitization’s

underlying exposures, subject to a 20 percent risk-weight

floor.

Reporting in Schedule HC-R, Part II, When Using the

Gross-Up Approach:

If the holding company’s non-senior security is a held-tomaturity securitization exposure, the amortized cost of

this security is included on the Report of Condition

balance sheet in Schedule HC, item 2(a), ‘‘Held-tomaturity securities,’’ and on the regulatory capital schedule in columns A and B of Schedule HC-R, Part II, item

9(a), ‘‘On-balance sheet securitization exposures - Heldto-maturity securities.’’ The risk-weighted asset amount

from line (g) in the Gross-Up Approach Worksheet above

is reported in column U of Schedule HC-R, Part II, item

9(a).

If the holding company’s non-senior security is an

available-for-sale securitization exposure, the fair value

of this security is included on the Report of Condition

balance sheet in Schedule HC, item 2(b), “Available-forsale securities,” and on the regulatory capital schedule in

column A of Schedule HC-R, Part II, item 9(b), ‘‘Onbalance sheet securitization exposures - Available-forsale securities.’’ For further information on the reporting

of AFS securitization exposures in column B refer to the

instructions for Schedule HC-R, Part II, item 9(b) because

the amount reported in column B depends on whether the

holding company has made the AOCI opt-out election in

Schedule HC-R, Part I, item 3(a). For non-senior AFS

securitization exposures, the risk-weighted asset amount

from line (g) in the Gross-Up Approach Worksheet above

is reported in column U of Schedule HC-R, Part II, item

9(b).

If the holding company’s subordinated security is a

trading securitization exposure, the fair value of this

security is included on the Report of Condition balance

sheet in Schedule HC, item 5, ‘‘Trading assets,’’ and on

the regulatory capital schedule in column A of Schedule

HC-R, Part II, item 9(c), ‘‘On-balance sheet securitization exposures - Trading assets that receive standardized

charges.’’ A trading security is risk-weighted using its

fair value if the holding company is not subject to the

market risk capital rule. The risk-weighted asset amount

from line (g) in the Gross-Up Approach Worksheet above

is reported in column U of Schedule HC-R, Part II,

item 9(c).

28. For risk-based capital purposes, if the holding company has made

the AOCI opt-out election in Schedule HC-R, Part I, item 3(a), the “face

amount” of an available-for-sale security and a held-to-maturity security is

its amortized cost; the “face amount” of a trading security is its fair value.

If the holding company has not made or cannot make the AOCI opt-out

election, the “face amount” of an HTM security is its amortized cost; the

“face amount” of an AFS security or a trading security is its fair value.

29. See footnote 51.

Schedule HC-R

HC-R-68 FR Y-9C

Schedule HC-R December 2015
d. 1,250 Percent Risk Weight Approach

If the holding company cannot, or chooses not to apply

the SSFA or the Gross-Up Approach to the securitization

exposure, the holding company must assign a 1,250

percent risk weight to the exposure.

Securitization exposure reporting in Schedule HC-R,

Part II

Securitization exposure reporting depends on the methodology the holding company will use to risk weight the

exposure

.

For example, if a holding company plans to apply the

1,250 percent risk weight to its exposures, the amount

reported in column Q should match the amount reported

in column A (less any adjustments, such as that for an

allocated transfer risk reserve (ATRR)). For any securitization exposure risk-weighted using the 1,250 percent

risk weight, the sum of columns B and Q should equal

column A.

9. On-balance sheet

securitization

exposures

a. Held-to-maturity

securities

(Column A)

Totals

(Column B)

Adjustments to

Totals

Reported in

Column A

(Column Q) (Column T) (Column U)

Exposure

Amount

Total Risk-Weighted Asset

Amount by Calculation

Methodology

1250% SSFA Gross-Up

BHCK BHCK BHCK BHCK BHCK

$100 $0 $100 $0 $0 9.a

In addition, when a holding company aplies the 1,250

percent risk weight to an on-balance sheet securitization

exposure, the holding company should include in column

A of Schedule HC-R, Part II, item 9.d, any amount

reported in Schedule HC, item 11, ‘‘Other assets,’’ for

accrued interest receivable on the securitization exposures, regardless of where the securitization exposure is

reported on the balance sheet in Schedule HC. The

amount reported in column Q should match the amount

reported in column A.

If a holding company - regardless if it makes the AOCI

opt-out election - is applying the SSFA or Gross-Up

Approach, the reporting is significantly different due to

the fact that the holding company reports the risk

weighted assets amount in columns T or U.

In the case where a holding company has a securitization

exposure with a balance sheet value of $100, it would

report $100 in both columns A and B. If the holding

company applies the SSFA and calculates a risk-weighted

asset exposure of $20 for that securitization, the holding

company would report $20 in column T. Since it is using

the SSFA for all its securitization exposures, the holding

company must report $0 in column U.

A holding company, at its discretion, could also use both

the 1,250 percent risk weight for some securitization

exposures and either the SSFA or Gross-Up Approach for

other securitization exposures. For example, Holding

Company Z has three securitization exposures, each

valued at $100 on the balance sheet. Holding Company Z

chooses to apply the 1,250 percent risk weight to one

exposure and use the Gross-Up Approach to calculate

risk-weighted assets for the other two exposures. Assume

that the risk-weighted asset amount under the Gross-Up

Approach is $20 for each exposure.

Schedule HC-R

FR Y-9C HC-R-69

Schedule HC-R December 2015
9. On-balance sheet

securitization

exposures

a. Held-to-maturity

securities

(Column A)

Totals

(Column B)

Adjustments to

Totals

Reported in

Column A

(Column Q) (Column T) (Column U)

Exposure

Amount

Total Risk-Weighted Asset

Amount by Calculation

Methodology

1250% SSFA Gross-Up

BHCK BHCK BHCK BHCK BHCK

$100 $100 $0 $20 $0 9.a

9. On-balance sheet

securitization

exposures

a. Held-to-maturity

securities

(Column A)

Totals

(Column B)

Adjustments to

Totals

Reported in

Column A

(Column Q) (Column T) (Column U)

Exposure

Amount

Total Risk-Weighted Asset

Amount by Calculation

Methodology

1250% SSFA Gross-Up

BHCK BHCK BHCK BHCK BHCK

$300 $200 $100 $0 $40 9.a

The holding company would report the following:

The $200 reported under column B reflects the balance

sheet amounts of the two securitizations risk-weighted

using the Gross-Up Approach. This ensures that the sum

of columns B and Q continue to equal the amount

reported in column A. The $40 under column U reflects

the risk-weighted asset amount of the sum of the two

securitization exposures that were risk-weighted using

the Gross-Up Approach. This $40 is added to total

risk-weighted assets in item 28 of Schedule HC-R,

Part II.

Holding Companies That Are Subject to the Market

Risk Capital Rule

The regulatory capital rules require all holding companies with significant market risk to measure their market

risk exposure and hold sufficient capital to mitigate this

exposure. In general, a holding company is subject to the

market risk capital rule if its consolidated trading activity, defined as the sum of trading assets and liabilities as

reported in its FR Y9-C for the previous quarter, equals:(1)

10 percent or more of the holding company’s total assets

as reported in its FR Y-9C for the previous quarter, or (2)

$1 billion or more. However, the Federal Reserve may

exempt or include the holding company if necessary or

appropriate for safe and sound banking practices.

A holding company that is subject to the market risk

capital rule must hold capital to support its exposure to

general market risk arising from fluctuations in interestrates, equity prices, foreign exchange rates, and commodity prices and its exposure to specific risk associated

with certain debt and equity positions.

A covered position is a trading asset or trading liability

(whether on- or off-balance sheet), as reported on Schedule HC-D, that is held for any of the following reasons:

(1) For the purpose of short-term resale;

(2) With the intent of benefiting from actual or expected

short-term price movements;

(3) To lock in arbitrage profits; or

(4) To hedge another covered position.

Schedule HC-R

HC-R-70 FR Y-9C

Schedule HC-R December 2015
Covered positions include all positions in a holding

company’s trading account and foreign exchange and

commodity positions, whether or not in the trading

account. Covered positions generally should not be riskweighted as part of the holding company’s gross credit

risk-weighted assets. However, foreign exchange positions that are outside of the trading account and all

over-the-counter (OTC) derivatives as well as cleared

transactions and unsettled transactions continue to have a

counterparty credit risk capital charge. Those positions

are included in both gross risk-weighted assets for credit

risk and the holding company’s covered positions for

market risk.

Additionally, the trading asset or trading liability must be

free of any restrictive covenants on its tradability or the

holding company must be able to hedge the material risk

elements of the trading asset or trading liability in a

two-way market. A covered position also includes a

foreign exchange or commodity position, regardless of

whether the position is a trading asset or trading liability

(excluding structural foreign currency positions if supervisory approval has been granted to exclude such positions).

A covered position does not include:

(1) An intangible asset (including any servicing asset);

(2) A hedge of a trading position that is outside the scope

of the holding company’s hedging strategy (required

by the market risk capital rule);

(3) Any position that, in form or substance, acts as a

liquidity facility that provides support to assetbacked commercial paper;

(4) A credit derivative recognized as a guarantee for

risk-weighted asset calculation purposes under the

regulatory capital rules for credit risk;

(5) An equity position that is not publicly traded (other

than a derivative that references a publicly traded

equity);

(6) A position held with the intent to securitize; or

(7) A direct real estate holding.

A holding company subject to the market risk capital rule

must maintain an overall minimum 8.0 percent ratio of

total qualifying capital (the sum of Tier 1 capital and Tier

2 capital, net of all deductions) to the sum of riskweighted assets and market risk-weighted assets. Holding companies should refer to the regulatory capital rules

for specific instructions on the calculation of the measure

for market risk.

Balance Sheet Asset Categories

Treatment of Embedded Derivatives - If a holding company has a hybrid contract containing an embedded

derivative that must be separated from the host contract

and accounted for as a derivative instrument under ASC

Topic 815, Derivatives and Hedging (formerly FASB

Statement No. 133, ‘‘Accounting for Derivative Instruments and Hedging Activities,’’ as amended), then the

host contract and embedded derivative should be treated

separately for risk-based capital purposes. When the fair

value of the embedded derivative has been reported as

part of the holding company’s assets on Schedule HC -

Balance Sheet, that fair value (whether positive or negative) should be reported (as a positive or negative number) in column B of the corresponding asset category

item in Schedule HC-R, Part II (items 1 to 8). The host

contract, if an asset, should be risk weighted according to

the obligor or, if relevant, the guarantor or the nature of

the collateral. All derivative exposures should be riskweighted in the derivative items of Schedule HC-R, Part

II, as appropriate (items 20 or 21).

Reporting Exposures Hedged with Cleared Eligible

Credit Derivatives

Holding companies are able to obtain full or partial

protection for (i.e., “hedge”) on-balance sheet assets or

off-balance sheet items using credit derivatives that are

cleared through a qualified central counterparty (QCCP)

or a central counterparty (CCP) that is not a QCCP. In

some cases, a cleared credit derivative used for this

purpose meets the definition of an eligible credit derivative in §.2 of the regulatory capital rules. In these cases,

under §.36 of the regulatory capital rules, a holding

company that is a clearing member or a clearing member

client may recognize the credit risk mitigation benefits of

the eligible credit derivative. More specifically, the risk

weight of the underlying exposure (e.g., 20 percent, 50

percent, or 100 percent) may be replaced with the risk

weight of the CCP or QCCP as the protection provider if

the credit derivative is an eligible credit derivative, is

cleared through a CCP or a QCCP, and meets the

applicable requirements under §.35 and §.36 of the

regulatory capital rules. The risk weight for an eligible

credit derivative cleared through a QCCP is 2 percent or

4 percent, based on conditions set forth in the rules. The

Schedule HC-R

FR Y-9C HC-R-71

Schedule HC-R December 2015
risk weight for an eligible credit derivative cleared

through a CCP is determined according to §.32 of the

regulatory capital rules. In addition, the coverage amount

provided by an eligible credit derivative must be adjusted

downward under certain conditions as described in §.36

of the regulatory capital rules.

If a clearing member holding company or clearing member client holding company has obtained full or partial

protection for an on-balance sheet asset or off-balance

sheet item using a cleared eligible credit derivative

cleared through a QCCP, the holding company may, but

is not required to, recognize the benefits of this eligible

credit derivative in determining the risk-weighted asset

amount for the hedged exposure in Schedule HC-R, Part

II, by reporting the protected exposure amounts and

credit equivalent amounts in the 2 percent or 4 percent

risk-weight category, as appropriate under the regulatory

capital rules. Any amount of the exposure that is not

covered by the eligible credit derivative should be

reported in the risk-weight category corresponding to the

risk weight of the underlying exposure. For example, for

an asset with a $200 exposure amount fully covered by

an eligible credit derivative cleared through a QCCP that

qualifies for a 2 percent risk weight, the holding company

would report the $200 exposure amount in Column

D–2% risk weight for the appropriate asset category.

Treatment of Certain Centrally Cleared Derivative

Contracts

In August 2017, the banking agencies issued supervisory

guidance on the regulatory capital treatment of certain

centrally cleared derivative contracts which are reported

in HC-R Part II item 21, in light of revisions to the

rulebooks of certain central counterparties. Under the

previous requirements of these central counterparties’

rulebooks, variation margin transferred to cover the

exposure that arises from marking cleared derivative

contracts, and netting sets of such contracts, to fair value

was considered collateral pledged by one party to the

other, with title to the collateral remaining with the

posting party. These derivative contracts are referred to

as collateralized-to-market contracts. Under the revised

rulebooks of certain central counterparties, variation margin for certain centrally cleared derivative contracts, and

certain netting sets of such contracts, is considered a

settlement payment for the exposure that arises from

marking these derivative contracts and netting sets to fair

value, with title to the payment transferring to the

receiving party. In these circumstances, the derivative

contracts and netting sets are referred to as settled-tomarket contracts.

Irrespective of the classification discussed above, under

the standardized approach for counterparty credit risk, a

holding company may elect to treat derivative contracts

as collateralized-to-market derivative contracts subject to

a variation margin agreement and apply the maturity

factor for derivative contracts subject to a variation

margin agreement. A holding company that elects to

apply this treatment must apply the maturity factor

applicable to margined derivative contracts.

Under the Board’s regulatory capital rules, in general, a

holding company must calculate the trade exposure

amount for a cleared derivative contract, or a netting set

of such contracts, by using the methodology described in

§.34 of the rules to determine (i) the current credit

exposure and (ii) the potential future exposure (PFE) of

the derivative contract or netting set of such contracts for

purposes of the standardized approach risk-based capital

calculation and the supplementary leverage ratio calculation when using the Current Exposure Method (CEM) or

by using the methodology described in §.132 of the rules

to determine (i) the replacement cost and (ii) the potential

future exposure of the derivative contract or netting set of

such contracts for purposes of the standardized approach

risk-based capital calculation and the supplementary

leverage ratio calculations when using the Standardized

Approach—Counterparty Credit Risk Method (SA-CCR).

The risk-weighted asset calculations under the advanced

approaches capital framework have similar requirements.

Under CEM, current credit exposure is determined by

reference to the fair value of each derivative contract as

measured under U.S. GAAP. Potential future exposure is

determined, in part, by multiplying each derivative contract’s notional principal amount by a conversion factor.

The conversion factors vary by the category (for example, interest rate, equity) and remaining maturity of the

derivative contract.30

Under SA-CCR, the determination of the replacement

cost depends on whether the counterparty to a holding

company is required to post variation margin. The

replacement cost for a netting set that is not subject to a

variation margin agreement is equal to the greater of (1)

30. See the instructions for Schedule HC-R, Part II, item 21, “Centrally

cleared derivatives,” for a chart of the credit conversion factors.

Schedule HC-R

HC-R-72 FR Y-9C

Schedule HC-R March 2020
the sum of the fair values (after excluding any valuation

adjustments) of the derivative contracts within the netting

set, less the net independent collateral amount applicable

to such derivative contracts, or (2) zero. For a netting set

that is subject to a variation margin agreement where the

counterparty is required to post variation margin, replacement cost is equal to the greater of (1) the sum of the fair

values (after excluding any valuation adjustments) of the

derivative contracts within the netting set, less the sum of

the net independent collateral amount and the variation

margin amount applicable to such derivative contracts;

(2) the sum of the variation margin threshold and the

minimum transfer amount applicable to the derivative

contracts within the netting set, less the net independent

collateral amount applicable to such derivative contracts;

or (3) zero. The SA-CCR PFE is equal to the product of

the PFE multiplier and the aggregated amount. To determine the aggregated amount, a holding company is

required to determine the hedging set amounts for the

derivative contracts within a netting set, where a hedging

set is comprised of derivative contracts that share similar

risk factors based on asset class (e.g., interest rate,

exchange rate, credit, equity, and commodity).

The regulatory capital rules provide that, for a derivative

contract that is structured such that on specified dates any

outstanding exposure is settled and the terms are reset so

that the fair value of the contract is zero, the remaining

maturity equals the time until the next reset date.

For the purpose of the regulatory capital rules, the

August 2017 supervisory guidance states that if, after

accounting and legal analysis, a holding company determines that (i) the variation margin payment on a centrally

cleared settled-to-market contract settles any outstanding

exposure on the contract. In conducting its legal analysis

to determine whether variation margin may be considered settlement of outstanding exposure under the regulatory capital rules, a holding company should evaluate

whether the transferor of the variation margin has relinquished all legal claims to the variation margin and

whether the payment of variation margin constitutes

settlement under the central counterparty’s rulebook, any

other applicable agreements governing the derivative

contract, and applicable law. Among other requirements,

a central counterparty’s rulebook may require an institution to satisfy additional obligations, such as payment of

other expenses and fees, in order to recognize payment of

variation margin as satisfying settlement under the rulebook. The legal and accounting analysis performed by

the institution should take all such requirements into

account.

When using the SA-CCR method, a holding company

may elect to treat settled-to-market derivatives contracts

as subject to a variation margin agreement and receive

the benefits of netting with collateralized-to-market

derivative contracts. If a holding company elects to treat

settled-to-market derivative contracts as subject to a

variation margin agreement, it must apply the maturity

factor to such contracts under §.132(c)(9)(iv)(A) of the

rules. The maturity factor of a derivative contract that is

subject to a variation margin agreement, excluding

derivative contracts that are subject to a variation margin

agreement under which the counterparty is not required

to post variation margin, is determined by the following

formula:

where MPOR refers to the period from the most recent

exchange of collateral under a variation margin agreement with a defaulting counterparty until the derivative

contracts are closed out and the resulting market risk is

re-hedged.

Holding companies should refer to the supervisory guidance in its entirety for purposes of determining the

appropriate regulatory capital treatment of settled-tomarket contracts under the regulatory capital rules.

Treatment of FDIC Loss-Sharing Agreements - Losssharing agreements entered into by the FDIC with acquirers of assets from failed institutions are considered

conditional guarantees for risk-based capital purposes

due to contractual conditions that acquirers must meet.

The guaranteed portion of assets subject to a loss-sharing

agreement may be assigned a 20 percent risk weight.

Because the structural arrangements for these agreements

vary depending on the specific terms of each agreement,

holding companies should consult with their Federal

Reserve Bank to determine the appropriate risk-based

capital treatment for specific loss-sharing agreements.

Allocated Transfer Risk Reserve (ATRR) - If the reporting holding company is required to establish and maintain an ATRR as specified in Section 905(a) of the

International Lending Supervision Act of 1983, the

Maturity Factor 3 MPOR

2 250

,

Schedule HC-R

FR Y-9C HC-R-73

Schedule HC-R March 2020
ATRR should be reported in Schedule HC-R, Part II,

item 30. The ATRR is not eligible for inclusion in either

tier 1 or tier 2 capital.

Any ATRR related to loans and leases held for investment is included on the balance sheet in Schedule HC,

item 4(c), ‘‘Allowance for loan and lease losses,’’ and

separately disclosed in Schedule HI-B, part II, Memorandum item 1. However, if the holding company must

maintain an ATRR for any asset other than a loan or lease

held for investment, the balance sheet category for that

asset should be reported net of the ATRR on Schedule

HC. In this situation, the ATRR should be reported as a

negative number (i.e., with a minus (-) sign) in column B,

‘‘Adjustments to totals reported in Column A,’’ of the

corresponding asset category in Schedule HC-R, Part II,

items 1 through 4 and 7 through 9. The amount to be

risk-weighted for this asset in columns C through Q, as

appropriate, would be its net carrying value plus the

ATRR. For example, a holding company has a held-tomaturity security issued by a foreign commercial company against which it has established an ATRR of $20.

The security, net of the ATRR, is included in Schedule

HC, item 2(a), ‘‘Held-to-maturity securities,’’ at $80. The

security should be included in Schedule HC-R, Part II,

item 2(a), column A, at $80. The holding company

should include $-20 in Schedule HC-R, Part II, item 2(a),

column B, and $100 in item 2(a), column I.

Item Instructions for Part II

Items 1 through 25 columns A through U are to be

reported semiannually in June and December by HCs

with less than $5 billion in total assets.

Balance Sheet Asset Categories

Item No. Caption and Instructions

1 Cash and balances due from depository

institutions. Report in column A the amount

of cash and balances due from depository

institutions reported in Schedule HC, sum of

items 1(a) and 1(b), excluding those balances

due from depository institutions that qualify

as securitization exposures as defined in §.2

of the regulatory capital rules.

The amount of those balances due from depository

institutions reported in Schedule HC, items 1(a)

and 1(b) that qualify as securitization exposures

must be reported in Schedule HC-R, Part II, item

9(d), column A.

• In column C-0% risk weight, include:

o The amount of currency and coin reported in

Schedule HC, item 1(a);

o Any balances due from Federal Reserve Banks

reported in Schedule HC, item 1(b);

o The insured portions of deposits in FDICinsured depository institutions and NCUAinsured credit unions reported in Schedule HC,

items 1(a) and 1(b); and

o The amount of negotiable certificates of deposit

purchased through the Money Market Mutual

Fund Liquidity Facility.

• In column G-20% risk weight, include:

o Any balances due from depository institutions

and credit unions that are organized under the

laws of the United States or a U.S. state

reported in Schedule HC, items 1(a) and 1(b),

in excess of any applicable FDIC or NCUA

deposit insurance limits for deposit exposures

or where the depository institutions are not

insured by either the FDIC or the NCUA;

o Any balances due from Federal Home Loan

Banks reported in Schedule HC, items 1(a) and

1(b); and

o The amount of cash items in the process of

collection reported in Schedule HC, item 1(a).

• In column I -100% risk weight, include all other

amounts that are not reported in columns C

through Q.

• Cash and balances due from depository institutions that must be risk-weighted according to the

Country Risk Classification (CRC) methodology

o In column C-0% risk weight; column G-20%

risk weight; column H-50% risk weight; column I-100% risk weight; column J-150% risk

weight. Assign these exposures to risk weight

categories based on the CRC methodology

described above in the General Instructions

for Part II. Include:

o The amounts reported in Schedule HC, items

1(a) and 1(b), composed of balances due from

foreign banks;

o Any balances due from foreign central banks.

Schedule HC-R

HC-R-74 FR Y-9C

Schedule HC-R March 2021
If the reporting holding company is the correspondent

holding company in a pass-through reserve balance relationship, report in column C the amount of its own

reserves as well as those reserve balances actually passed

through to a Federal Reserve Bank on behalf of its

respondent depository institutions.

If the reporting holding company is the respondent

holding company in a pass-through reserve balance relationship, report in column C the amount of the holding

company’s reserve balances due from its correspondent

holding company or bank that its correspondent has

actually passed through to a Federal Reserve Bank on the

reporting holding company’s behalf, i.e., for purposes of

this item, treat these balances as balances due from a

Federal Reserve Bank. This treatment differs from that

required in Schedule HC-A, item 2, ‘‘Balances due from

depository institutions in the U.S.,’’ which treats passthrough reserve balances held by a bank’s correspondent

as balances due from a depository institution as opposed

to balances due from the Federal Reserve.

If the reporting holding company is a participant in an

excess balance account at a Federal Reserve Bank, report

in column C the holding company’s balance in this

account.

If the reporting holding company accounts for any holdings of certificates of deposit (CDs) like available-forsale debt securities that do not qualify as securitization

exposures, report in column A the fair value of such CDs.

If the holding company has made the Accumulated Other

Comprehensive Income opt out election in Schedule

HC-R, Part I, item 3(a), include in column B the difference between the fair value and amortized cost of these

CDs. When fair value exceeds amortized cost, report the

difference as a positive number in column B. When

amortized cost exceeds fair value, report the difference as

a negative number (i.e., with a minus (-) sign) in column

B. Risk weight the amortized cost of these CDs in

columns C through J, as appropriate.

2 Securities (excluding securitization exposures). Do not include securities that qualify

as securitization exposures in items 2(a) and

2(b) below; instead, report these securities in

Schedule HC-R, Part II, items 9(a) and 9(b).

In general, under the regulatory capital rules,

securitizations are exposures that are

‘‘tranched’’ for credit risk. Refer to the definitions of securitization, traditional securitization, synthetic securitization and tranche in

§.2 of the regulatory capital rules.

2(a) Held-to-maturity securities. Report in column A the amount of held-to-maturity (HTM)

securities reported in Schedule HC, item 2(a),

excluding those HTM securities that qualify

as securitization exposures as defined in §.2

of the regulatory capital rules.

The amount of those HTM securities reported

in Schedule HC, item 2(a), that qualify as

securitization exposures are to be reported in

Schedule HC-R, Part II, item 9(a), column A.

The sum of Schedule HC-R, Part II, items

2(a) and 9(a), column A, must equal Schedule

HC, item 2(a).

Exposure amount to be used for purposes of

risk weighting - holding company cannot or

has not made the Accumulated Other Comprehensive Income (AOCI) opt-out election in

Schedule HC-R, Part I, item 3(a): For a

security classified as held-to-maturity where

the holding company cannot or has not made

the AOCI opt-out election (i.e., most AOCI is

included in regulatory capital), the exposure

amount to be risk weighted by the holding

company is the carrying value of the security,

which is the value of the asset reported (a) on

the balance sheet of the holding company

determined in accordance with GAAP and (b)

in Schedule HC-R, Part II, item 2(a), column A.

Exposure amount to be used for purposes of

risk weighting - holding company has made

the AOCI opt-out election in Schedule HC-R,

Part I, item 3(a): For a security classified as

held-to-maturity where the holding company

has made the AOCI opt-out election (i.e.,

most AOCI is not included in regulatory

capital), the exposure amount to be risk

weighted by the holding company is the carrying value of the security reported (a) on the

balance sheet of the holding company and (b)

in Schedule HC-R, Part II, item 2(a), column

A, less any net unrealized gain on the exposure plus any net unrealized loss on the

exposure included in AOCI. For purposes of

determining the exposure amount of an HTM

Schedule HC-R

FR Y-9C HC-R-75

Schedule HC-R March 2020
security, an unrealized gain (loss), if any, on

such a security that is included in AOCI is (i)

the unamortized balance of the unrealized

gain (loss) that existed at the date of transfer

of a debt security transferred into the held-tomaturity category from the available for sale

category, or (ii) the unaccreted portion of

other-than-temporary impairment losses on

an HTM debt security that was not recognized

in earnings 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”). Thus, for an HTM

security with such an unrealized gain (loss),

report in column B any difference between the

carrying value of the security reported in

column A of this item and its exposure

amount reported under the appropriate risk

weighting column C through J.

• In column B for non-advanced approaches holding companies, include the amount of:

o Investments in the capital of unconsolidated

financial institutions in the form of tier 2

capital that are reported in Schedule HC, item

2.a, and have been deducted from capital in

Schedule HC-R, Part I, item 43

• In column B for advanced approaches holding

companies, include the amount of:

o Non-significant investments in tier 2 capital

and covered debt instruments of unconsolidated financial institutions that are reported in

Schedule HC, item 2.a, and have been deducted

from capital in Schedule HC-R, Part I, item 43.

o Significant investments in the capital of unconsolidated financial institutions in the form of

tier 2 capital and covered debt instruments,

that are reported in Schedule HC, item 2.a, and

have been deducted from capital in Schedule

HC-R, Part I, item 43.

o Investments in nonqualifying excluded covered debt instruments that are reported in

Schedule HC, item 2.a, and have been deducted

from capital in Schedule HC-R, Part I, item 17,

item 24, and item 43.

o For a holding company that has adopted CECL

includes as a negative number in column B:

the relevant portion of Schedule HI-B, Part II,

item 7, Column B, “Balance end of current

period: Held-to-maturity debt securities,” less

Schedule HC-R, part II, Memorandum

item 5(b), “Amount of allowances for credit

losses on purchased credit-deteriorated assets:

Held-to-maturity securities.” For example, if a

firm reports $100 in Schedule HI-B, Part II,

item 7, Column B, and $10 in Schedule HC-R,

part II, Memorandum item 5(b), the firm

would report ($90) in this column B.

• In column C-0% risk weight. The zero percent

risk weight applies to exposures to the U.S.

government, a U.S. government agency, or a

Federal Reserve Bank, and those exposures otherwise unconditionally guaranteed by the U.S.

government. Include exposures to or unconditionally guaranteed by the FDIC or the NCUA.

Certain foreign government exposures and certain entities listed in §.32 of the regulatory

capital rules may also qualify for the zero percent risk weight. Also include the exposure

amount of HTM debt securities purchased

through the Money Market Mutual Fund Liquidity Facility. Include the exposure amounts of

securities reported in Schedule HC-B, column A,

that do not qualify as securitization exposures

that qualify for the zero percent risk weight.

Such securities may include portions of, but may

not be limited to:

o Item 1, “U.S. Treasury securities,”

o Item 2, Those obligations “issued by U.S.

Government agencies,”

o Item 4(a)(1), Residential mortgage passthrough securities “Guaranteed by GNMA,”

o Item 4(b)(1), those other residential mortgagebacked securities issued or guaranteed by U.S.

Government agencies, such as GNMA exposures,

o Item 4(c)(1)(a), those commercial MBS “Issued

or guaranteed by FNMA, FHLMC, or GNMA”

that represent GNMA securities, and

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HC-R-76 FR Y-9C

Schedule HC-R June 2021
o Item 4(c)(2)(a), those commercial mortgagebacked securities (MBS) “Issued or guaranteed by U.S. Government agencies or sponsored agencies” that represent GNMA

securities.

o The portion of any exposure reported in Schedule HC, item 2(a), that is secured by collateral

or has a guarantee that qualifies for the zero

percent risk weight.

• In column G-20% risk weight. The 20 percent

risk weight applies to general obligations of U.S.

states, municipalities, and U.S. public sector

entities. It also applies to exposures to U.S.

depository institutions and credit unions, exposures conditionally guaranteed by the U.S. government, as well as exposures to U.S.

government-sponsored enterprises. Certain foreign government and foreign bank exposures

may qualify as indicated in §.32 of the regulatory

capital rules. Include the exposure amounts of

securities reported in Schedule HC-B, Column

A, that do not qualify as securitization exposures

that qualify for the 20 percent risk weight. Such

securities may include portions of, but may not

be limited to:

o Item 2, This obligations ‘‘issued by U.S.

Government-sponsored agencies,’’

o Item 3, ‘‘Securities issued by states and political subdivisions in the U.S.’’ that represent

general obligation securities,

o Item 4(a)(2), Residential mortgage passthrough securities ‘‘Issued by FNMA and

FHLMC,’’

o Item 4(b)(1), Other residential mortgagebacked securities ‘‘Issued or guaranteed by

U.S. Government agencies or sponsored agencies,’’

o Item 4(c)(1)(a), those commercial MBS

‘‘Issued or guaranteed by FNMA, FHLMC, or

GNMA’’ that represent FHLMC and FNMA

securities,

o Item 4(c)(2)(a), those commercial MBS

‘‘Issued or guaranteed by U.S. Government

agencies or sponsored agencies’’ that represent

FHLMC and FNMA securities,

o Item 4(b)(2), Other residential mortgagebacked securities ‘‘Collateralized by MBS

issued or guaranteed by U.S. Government

agencies or sponsored agencies’’, and

o Any securities categorized as ‘‘structured financial products’’ on Schedule HC-B that are not

securitization exposures and qualify for the 20

percent risk weight. Note: Many of the structured financial products would be considered

securitization exposures and must be reported

in Schedule HC-R, Part II, item 9(a) for purposes of calculating risk weighted assets.

o The portion of any exposure reported in Schedule HC, item 2(a), that is secured by collateral

or has a guarantee that qualifies for the 20

percent risk weight.

• In column H-50% risk weight, include the exposure amounts of securities reported in Schedule

HC-B, column A, that do not qualify as securitization exposures that qualify for the 50 percent

risk weight. Such securities may include portions

of, but may not be limited to:

o Item 3, ‘‘Securities issued by states and political subdivisions in the U.S.,’’ that represent

revenue obligation securities,

o Item 4(a)(3), ‘‘Other pass-through securities,’’

that represent residential mortgage exposures

that qualify for 50 percent risk weight. (Passthrough securities that do not qualify for 50

percent risk weight should be assigned to the

100 percent risk weight category.)

o Item 4(b)(2), Other residential mortgagebacked securities ‘‘Collateralized by MBS

issued or guaranteed by U.S. Government

agencies or sponsored agencies’’ (excluding

portions subject to an FDIC loss-sharing agreement and interest-only securities) that represent residential mortgage exposures that qualify

for 50 percent risk weight, and

o Item 4(b)(3), ‘‘All other residential MBS.’’

Include only those MBS that qualify for 50

percent risk weight. Refer to §.32(g), (h) and

(i) of the regulatory capital rules. Note: do not

include MBS portions that are tranched for

Schedule HC-R

FR Y-9C HC-R-77

Schedule HC-R December 2020
credit risk; those must be reported as securitization exposures in Schedule HC-R, Part II,

item 9(a). Exclude interest-only securities.

o The portion of any exposure reported in Schedule HC, item 2(a), that is secured by collateral

or has a guarantee that qualifies for the 50

percent risk weight.

• In column I-100% risk weight, include the exposure amounts of securities reported in Schedule

HC-B, column A, that do not qualify as securitization exposures that qualify for the 100 percent

risk weight. Such securities may include portions

of, but may not be limited to:,

o Item 4(a)(3), ‘‘Other pass-through securities,’’

that represent residential mortgage exposures

that qualify for the 100 percent risk weight,

o Item 4(b)(2), Other residential mortgagebacked securities ‘‘Collateralized by MBS

issued or guaranteed by U.S. Government

agencies or sponsored agencies’’ (excludes

portions subject to an FDIC loss-sharing agreement), that represent residential mortgage

exposures that qualify for the 100 percent risk

weight,

o Item 4(b)(3), ‘‘All other residential MBS.’’

Include only those MBS that qualify for the

100 percent risk weight. Refer to §.32(g), (h)

and (i) of the regulatory capital rules. (Note:

do not include MBS that are tranched for

credit risk; those should be reported as securitization exposures in Schedule HC-R, Part II,

item 9(a)),

o Item 4(c)(1)(b), ‘‘Other pass-through securities,’’

o Item 4(c)(2)(b), ‘‘All other commercial MBS,’’

o Item 5(a), ‘‘Asset-backed securities,’’ and

o Any securities reported as ‘‘structured financial products’’ in Schedule HC-B, item 5(b),

that are not securitization exposures and qualify

for the 100 percent risk weight. Note: Many of

the structured financial products would be

considered securitization exposures and must

be reported in Schedule HC-R, Part II, item

9(a), for purposes of calculating risk weighted

assets.

o Also include all other HTM securities that do

not qualify as securitization exposures reported

in Schedule HC, item 2(a), that are not included

in columns C through through J.

o The portion of any exposure reported in Schedule HC, item 2(a), that is secured by collateral

or has a guarantee that qualifies for the 100

percent risk weight.

• In column J-150% risk weight, include the exposure amounts of securities reported in Schedule

HC-B, column A, that are past due 90 days or

more or in nonaccrual status (except sovereign

exposures), excluding those portions that are

covered by qualifying collateral or eligible guarantees as described in §.37 and §.36, respectively, of the regulatory capital rule.

• Held-to-maturity securities that must be riskweighted according to the Country Risk Classification (CRC) methodology

o In column C-0% risk weight; column G-20%

risk weight; column H-50% risk weight; column I-100% risk weight; column J-150% risk

weight. Assign these exposures to risk weight

categories based on the CRC methodology

described above in the General Instructions

for Part II. Include the exposure amounts of

those securities reported in Schedule HC-B,

column A, that are directly and unconditionally guaranteed by foreign central governments or are exposures to foreign banks that

do not qualify as securitization exposure. Such

securities may include portions of, but may not

be limited to:

o Item 4(a)(3), “Other pass-through securities,”

o Item 4(b)(3), “All other residential MBS,”

o Item 4(c)(1)(b), “Other pass-through securities,”

o Item 4(c)(2)(b), “All other commercial MBS,”

o Item 5(a), “Asset-backed securities,”

o Any securities reported as “structured financial products” in Schedule HC-B, item 5(b),

that are not securitization exposure. Note:

Many of the structured financial products

would be considered securitization exposures

and reported in Schedule HC-R, Part II, item

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HC-R-78 FR Y-9C

Schedule HC-R December 2020
9(a) for purposes of calculating risk weighted

assets, and

o Item 6(b), “Other foreign debt securities.”

2(b) Available-for-sale debt securities and equity

securities with readily determinable fair

values not held for trading.

Report in column A the sum of:

(1) The fair value of AFS debt securities

reported in Schedule HC item 2(b); and

(2) The fair value of equity securities with

readily determinable fair values not held

for trading reported in Schedule HC,

item 2(c);

excluding the fair value of those debt and

equity securities that qualify as secularization

exposures as defined in §.2 of the regulatory

capital rules, which must be reported in

Schedule HC-R, Part II, item 9.b, column A.

The sum of Schedule HC-R, Part II, items 2.b

and 9.b, column A, must equal the sum of

Schedule HC, items 2.b and 2.c.

Exposure amounts to be used for purposes of

risk weighting by a holding company that

cannot or has not made the Accumulated

Other Comprehensive Income (AOCI) optout election in Schedule HC-R, Part I, item

3(a):

For a security reported in Schedule HC-R,

Part II, item 2(b), column A where the holding company cannot or has not made the

AOCI opt-out election (i.e., most AOCI is

included in regulatory capital), the exposure

amount to be risk-weighted by holding company is:

• For debt securities: the carrying value,

which is the value of the asset reported

on the balance sheet of the holding company determined in accordance with

GAAP (i.e., the fair value of the availablefor-sale debt security) and in column A.

• For equity securities and preferred

stock classified as an equity under

GAAP: the adjusted carrying value.31

Exposure amounts to be used for purposes

of risk weighting by a holding company

that has made the AOCI opt-out election in

Schedule HC-R, Part I, item 3(a):

For a security reported in Schedule HC-R,

Part II, item 2(b) column A, where the

holding company has made the AOCI optout election (i.e., most AOCI is not included

in regulatory capital), the exposure amount

to be risk weighted by the holding company

is:

• For a debt security: the carrying value,

less any unrealized gain on the exposure

or plus any unrealized loss on the exposure included in AOCI.

• For equity securities and preferred

stock classified as an equity under

GAAP with readily determinable fair

values: the adjusted carrying value.32

• In column B, a holding company that has

made the AOCI opt-out election should

include the difference between the fair

value and amortized cost of those AFS

debt securities that do not qualify as

securitization exposures. This difference

equals the amounts reported in Schedule

HC-B, items 1 through 6, column D,

minus items 1 through 6, column C, for

31. Adjusted carrying value applies only to equity exposures and is

defined in §.51 of the regulatory capital rules. In general, it includes an

on-balance sheet amount as well as application of conversion factors to

determine on-balance sheet equivalents of any off-balance sheet commitments to acquire equity exposures. For holding companies that cannot or

have not made the AOCI opt-out election, the on-balance sheet component

is equal to the carrying value. Refer to §.51 for the precise definition.

32. Adjusted carrying value applies only to equity exposures and is

defined in §.51 of the regulatory capital rules. In general, it includes an

on-balance sheet amount as well as application of conversion factors to

determine on-balance sheet equivalents of any off-balance sheet commitments to acquire equity exposures. For holding companies that have made

the AOCI opt-out election, the adjusted carrying value of an on-balance

sheet equity exposure, such as an equity security with a readily determinable fair value not held for trading, is equal to the carrying value of the

equity exposure, i.e., the value of the asset on the balance sheet determined

in accordance with U.S. GAAP. Refer to §.51 for the precise definition.

Schedule HC-R

FR Y-9C HC-R-79

Schedule HC-R December 2020
those AFS debt securities included in

these items that are not securitization

exposures.

o When fair value exceeds cost, report the difference as a positive number in Schedule HC-R,

Part II, item 2(b), column B.

o When cost exceeds fair value, report the difference as a negative number (i.e., with a minus

(-) sign) in Schedule HC-R, Part II, item 2(b),

column B.

Example: A holding company reports an AFS

debt security that is a not a securitization exposure on its balance sheet in Schedule HC, item

2(b), at a carrying value (i.e., fair value) of $105.

The amortized cost of the debt security is $100.

The holding company has made the AOCI optout election in Schedule HC-R, Part I, item 3(a).

The AFS debt security has a $5 unrealized gain

that is included in AOCI. In Schedule HC-R, Part

II, item 2(b), the holding company would report:

o $105 in column A. This is the carrying value

of the AFS debt security on the bank’s balance

sheet.

o $5 in column B. This is the difference between

the carrying value (i.e., fair value) of the debt

security and its exposure amount that is subject to risk-weighting. For holding companies

that has made the AOCI opt-out election,

column B will typically represent the amount

of the unrealized gain or unrealized loss on the

security. Gains are reported as positive numbers; losses as negative numbers. (Note: if the

holding company has not made or cannot

make the AOCI opt-out election, there will not

be an adjustment to be reported in column B.)

o $100 is the exposure amount subject to risk

weight loss. This amount will be reported

under the appropriate risk weight associated

with the exposure (columns C through J). For

holding companies that have made AOCI optout election, the exposure amount typically

will be the carrying value (i.e., fair value) of

the debt security excluding any unrealized

gain or loss.

• In column B, for a holding company that has

made the AOCI opt-out election, no amount

should be included for equity securities and

preferred stock classified as an equity under

GAAP with readily determinable fair values that

are reported in Schedule HC-R, Part II, item

2(b), column A.

• In column B for non-advanced approaches holding companies, include the amount of:

o Investments in the capital of unconsolidated

financial institutions that are reported in Schedule HC, item 2(c), and have been deducted

from capital in Schedule HC-R, Part I, item

13.a, item 24, and item 43.

• In column B for advanced approaches holding

companies, include the amount of:

o Non-significant investments in the capital and

covered debt instruments of unconsolidated

financial institutions that are reported in Schedule HC, item 2(c), and have been deducted

from capital in Schedule HC-R, Part I, item

11, item 17, item 24, and item 43.

o Significant investments in the capital of unconsolidated financial institutions in the form of

tier 2 capital and covered debt instruments,

that are reported in Schedule HC, item 2(c),

and have been deducted from capital in Schedule HC-R, Part I, item 17, item 24 and item 43.

o Investments in nonqualifying excluded covered debt instruments that are reported in

Schedule HC, item 2(c), and have been

deducted from capital in Schedule HC-R,

Part I, item 17, item 24, and item 43.

o Significant investments in the capital of unconsolidated financial institutions in the form of

common stock, and covered debt instruments

of unconsolidated financial institutions,

reported Schedule HC, item 2(c), that are

subject to the 10 percent and 15 percent common equity tier 1 capital threshold limitations

and have been deducted for risk-based capital

purposes in Schedule HC-R, Part I, items 13.b

and 16.

o Significant investments in the capital of unconsolidated financial institutions in the form of

common stock reported in Schedule HC,

item 2.b (for a holding company that has not

Schedule HC-R

HC-R-80 FR Y-9C

Schedule HC-R June 2021
adopted ASU 2016-01) or item 2.c (for a

holding company that has adopted ASU 2016-

01), that are subject to the 10 percent and

15 percent common equity tier 1 capital threshold limitations and have been deducted for

risk-based capital purposes in Schedule HC-R,

Part I, items 13.b and 16.

• In column C-0% risk weight, the zero percent

risk weight applies to exposures to the U.S.

government, a U.S. government agency, or a

Federal Reserve Bank, and those exposures otherwise unconditionally guaranteed by the U.S.

government. Include exposures to or unconditionally guaranteed by the FDIC or the NCUA.

Certain foreign government exposures and certain entities listed in §.32 of the regulatory

capital rules may also qualify for zero percent

risk weight. Also include the exposure amount of

HTM debt securities purchased through the

Money Market Mutual Fund Liquidity Facility.

Include the exposure amounts of those debt

securities reported in Schedule HC-B, column C,

that do not qualify as securitization exposures

that qualify for the zero percent risk weight.

Such debt securities may include portions of, but

may not be limited to:

o Item 1, “U.S. Treasury securities,”

o Item 2(a), Securities “Issued by U.S. Government agencies,”

o Item 4(a)(1), Residential mortgage passthrough securities “Guaranteed by GNMA,”

o Portions of item 4(b)(1), Other residential

mortgage-backed securities “Issued or guaranteed by U.S. Government agencies or sponsored agencies,” such as GNMA exposures,

o Item 4(c)(1)(a), certain portions of commercial

MBS “Issued or guaranteed by FNMA,

FHLMC, or GNMA” that represent GNMA

securities, and

o Item 4(c)(2)(a), certain portions of commercial

MBS ‘‘Issued or guaranteed by U.S. Government agencies or sponsored agencies’’ that

represent GNMA securities.

o The portion of any exposure reported in Schedule HC, item 2(b), that is secured by collateral

or has a guarantee that qualifies for the zero

percent risk weight.

• In column G-20% risk weight, the 20 percent risk

weight applies to general obligations of U.S.

states, municipalities, and U.S. public sector

entities. It also applies to exposures to U.S.

depository institutions and credit unions, exposures conditionally guaranteed by the U.S. government, as well as exposures to U.S. government sponsored enterprises. Certain foreign

government and foreign bank exposures may

qualify for the 20 percent risk weight as indicated in §.32 of the regulatory capital rules.

Include the exposure amounts of those debt

securities reported in Schedule HC-B, Column C, that do not qualify as securitization

exposures that qualify for the 20 percent risk

weight. Such debt securities may include portions of, but may not be limited to:

o Item 2(b), Securities “Issued by U.S.

Government-sponsored agencies” (exclude

interest-only securities),

o Item 3, ‘‘Securities issued by states and political subdivisions in the U.S.’’ that represent

general obligation securities,

o Item 4(a)(2), Residential mortgage passthrough securities ‘‘Issued by FNMA and

FHLMC’’ (exclude interest-only securities),

o Item 4(b)(1), Other residential mortgagebacked securities ‘‘Issued or guaranteed by

U.S. Government agencies or sponsored agencies’’ (exclude interest-only securities),

o Item 4(c)(1)(a), those commercial MBS

‘‘Issued or guaranteed by FNMA, FHLMC, or

GNMA’’ that represent FHLMC and FNMA

securities (exclude interest-only securities),

o Item 4(c)(2)(a), those commercial MBS

‘‘Issued or guaranteed by U.S. Government

agencies or sponsored agencies’’ that represent

FHLMC and FNMA securities (exclude

interest-only securities),

o Item 4(b)(2), Other residential mortgagebacked securities ‘‘Collateralized by MBS

issued or guaranteed by U.S. Government

Schedule HC-R

FR Y-9C HC-R-81

Schedule HC-R March 2021
agencies or sponsored agencies’’(exclude

interest-only securities), and

o Any securities categorized as ‘‘structured financial products’’ on Schedule HC-B that are not

securitization exposures and qualify for the 20

percent risk weight. Note: Many of the structured financial products would be considered

securitization exposures and must be reported

in Schedule HC-R, Part II, item 9(b), for

purposes of calculating risk-weighted assets.

Exclude interest-only securities.

o The portion of any exposure reported in Schedule HC, item 2(b), that is secured by collateral

or has a guarantee that qualifies for the 20

percent risk weight.

• In column H-50% risk weight, include the exposure amounts of those debt securities reported in

Schedule HC-B, column C, that do not qualify as

securitization exposures that qualify for the 50

percent risk weight. Such debt securities may

include portions of, but may not be limited to:

o Item 3, ‘‘Securities issued by states and political subdivisions in the U.S.,’’ that represent

revenue obligation securities,

o Item 4(a)(3), ‘‘Other pass-through securities,’’

that represent residential mortgage exposures

that qualify for the 50 percent risk weight.

(Pass-through securities that do not qualify for

the 50 percent risk weight should be assigned

to the 100 percent risk weight category.)

o Item 4(b)(2), Other residential mortgagebacked securities ‘‘Collateralized by MBS

issued or guaranteed by U.S. Government

agencies or sponsored agencies’’ (exclude portions subject to an FDIC loss-sharing agreement and interest-only securities) that represent residential mortgage exposures that qualify

for the 50 percent risk weight, and

o Item 4(b)(3), “All other residential MBS.”

Include only those MBS that qualify for the 50

percent risk weight. Refer to §.32(g), (h) and

(i) of the regulatory capital rules. Note: do not

include MBS that are tranched for credit risk;

those should be reported as securitization

exposures in Schedule HC-R, Part II, item

9(b). Do not include interest-only securities.

o The portion of any exposure reported in Schedule HC, item 2(b), that is secured by collateral

or has a guarantee that qualifies for the 50

percent risk weight.

• In column I-100% risk weight, include the exposure amounts of debt securities reported in

Schedule HC-B, column C, that do not qualify as

securitization exposures that qualify for the 100

percent risk weight. Such debt securities may

include portions of, but may not be limited to:

o Item 4(a)(3), ‘‘Other pass-through securities,’’

that represent residential mortgage exposures

that qualify for the 100 percent risk weight,

o Item 4(b)(2), Other residential mortgagebacked securities ‘‘Collateralized by MBS

issued or guaranteed by U.S. Government

agencies or sponsored agencies’’ (excluding

portions subject to an FDIC loss-sharing agreement) that represent residential mortgage exposures that qualify for the 100 percent risk

weight,

o Item 4(b)(3), ‘‘All other residential MBS.’’

Include only those MBS that qualify for the

100 percent risk weight. Refer to §.32(g), (h)

and (i) of the regulatory capital rules. Note: do

not include MBS portions that are tranched for

credit risk; those should be reported as securitization exposures in Schedule HC-R, Part II,

item 9(b).

o Item 4(c)(1)(b), ‘‘Other pass-through securities,’’

o Item 4(c)(2)(b), ‘‘All other commercial MBS,’’

o Item 5(a), ‘‘Asset-backed securities,’’

o Any securities reported as ‘‘structured financial products’’ in Schedule HC-B, item 5(b),

that are not securitization exposures and qualify

for the 100 percent risk weight. Note: Many of

the structured financial products would be

considered securitization exposures and must

be reported in Schedule HC-R, Part II, item

9(b) for purposes of calculating risk weighted

assets.

o The portion of any exposure reported in Schedule HC, item 2(b), that is secured by collateral

Schedule HC-R

HC-R-82 FR Y-9C

Schedule HC-R March 2018
or has a guarantee that qualifies for the 100

percent risk weight.

o All other AFS debt securities that do not

qualify as securitization exposures reported in

Schedule HC, item 2(b), that are not included

in columns C through H, J through N, or R.

For non-advanced approaches institutions, also include in

column I-100% risk weight the exposure amounts of

publicly traded equity exposures with readily determinable fair values and equity exposures to investment funds

with readily determinable fair values (including mutual

funds), to the extent that the aggregate carrying value of

the holding company’s equity exposures does not exceed

10 percent of total capital. If the holding company’s

aggregate carrying value of equity exposures is greater

than 10 percent of total capital, the holding company

must report the exposure amount of its equity exposures

to investments funds (including mutual funds) in column

R (and the risk-weighted asset amount of such equity

exposures in column S) and the exposure amount of its

other equity exposures in either columns L or N, as

appropriate.

For advanced approaches institutions, also include in

column I-100% risk weight non-significant equity exposures, to the extent that the aggregate carrying value of

the exposures does not exceed 10 percent of total capital.

To utilize this risk weight, the bank must aggregate the

following equity exposures: unconsolidated small business investment companies or held through consolidated

small business investment companies; publicly traded

(including those held indirectly through mutual funds or

other investment funds); and non-publicly traded (including those held indirectly through mutual funds or other

investment funds).

• In column J-150% risk weight, include the exposure

amounts of securities reported in Schedule HC-B,

column C, that are past due 90 days or more or in

nonaccrual status (except sovereign exposures), excluding those portions that are covered by qualifying

collateral or eligible guarantees as described in §.37

and §.36, respectively, of the regulatory capital rules.

• In column K-250% risk weight, for an advanced

approaches holding company, include the portion that

does not qualify as a securitization exposure of Schedule HC, item 2(c), that represents the adjusted carrying

value of exposures that are significant investments in

the common stock of unconsolidated financial institutions that are not deducted from capital. For further

information on the treatment of equity exposures, refer

to §.51 to §.53 of the regulatory capital rules.

• In column L-300% risk weight,

o For publicly traded equity securities with readily

determinable fair values reported in Schedule HC

item 2(c) (except equity securities to investment

firms), include the fair value of these equity securities as reported in Schedule HC, item 2(c).

• In column N-600% risk weight,

o For equity securities to investment firms with readily determinable fair values reported in Schedule

HC item 2(c), include the fair value of these equity

securities as reported in Schedule HC, item 2(c).

• In columns R and S-Application of Other RiskWeighting Approaches, include the holding company’s

equity exposures to investment funds with readily

determinable fair values (including mutual funds)

reported in Schedule HC, item 2(c), if the aggregate

carrying value of the holding company’s equity exposures is greater than 10 percent of total capital. Report

in column R the exposure amount of these equity

exposures to investment funds. Report in column S the

risk-weighted asset amount of these equity exposures

to investment funds as measured under the full lookthrough approach, the simple modified look-through

approach, or the alternative modified look-through

approach as described in §.53 of the regulatory capital

rules. All three of these approaches require a minimum

risk weight of 20 percent. For further information, refer

to the discussion of ‘‘Treatment of Equity Exposures’’

in the General Instructions for Schedule HC-R, Part II.

• Available-for-sale debt securities and equity

securities with readily determinable fair values

not held for trading that must be risk-weighted

according to the Country Risk Classification

(CRC) methodology:

• In column C-0% risk weight; column G-20% risk

weight; column H-50% risk weight; column

I-100% risk weight; column J-150% risk weight.

Assign these exposures to risk weight categories

based on the CRC methodology described above

in the General Instructions for Part II. Include

the exposure amounts of those securities reported

in Schedule HC, item 2(c), that are directly and

unconditionally guaranteed by foreign central

Schedule HC-R

FR Y-9C HC-R-83

Schedule HC-R December 2020
governments or are exposures on foreign banks

that do not qualify as securitization exposures.

Such securities may include portions of, but may

not be limited to:

o Item 4(a)(3), ‘‘Other pass-through securities,’’

o Item 4(b)(3), ‘‘All other residential MBS,’’

o Item 4(c)(1)(b), ‘‘Other pass-through securities,’’

o Item 4(c)(2)(b), ‘‘All other commercial MBS,’’

o Item 5(a), ‘‘Asset-backed securities,’’

o Any securities reported as ‘‘structured financial products’’ in Schedule HC-B, item 5(b),

that are not securitization exposures. Note:

Many structured financial products would be

considered securitization exposures and must

be reported in Schedule HC-R, Part II, item

9(b) for purposes of calculating risk weighted

assets,

o Item 6(b), ‘‘Other foreign debt securities,’’ and

3 Federal funds sold and securities purchased under agreements to resell.

3(a) Federal funds sold (in domestic offices).

Report in column A the amount of federal

funds sold reported in Schedule HC, item

3(a), excluding those federal funds sold that

qualify as securitization exposures as defined

in §.2 of the regulatory capital rules. The

amount of those federal funds sold reported

in Schedule HC, item 3(a), that qualify as

securitization exposures are to be reported in

Schedule HC-R, Part II, item 9(d), column A

• In column C - 0% risk weight, include the

portion of Schedule HC, item 3(a), that is

directly and unconditionally guaranteed by

U.S. Government agencies. Also include

the portion of any exposure reported in

Schedule HC, item 3(a), that is secured by

collateral or has a guarantee that qualifies

for the zero percent risk weight.

• In column G - 20% risk weight, include

exposures to U.S. depository institution

counterparties. Also include the portion of

any exposure reported in Schedule HC,

item 3(a), that is secured by collateral or

has a guarantee that qualifies for the 20

percent risk weight.

• In column H - 50% risk weight, include

exposures reported in Schedule HC, item

3(a), that is secured by collateral or has a

guarantee that qualifies for the 50 percent

risk weight.

• In column I - 100% risk weight, include

exposures to non-depository institution

counterparties that lack qualifying collateral (refer to the regulatory capital rules for

specific criteria. Also include the amount

of federal funds sold reported in Schedule

HC, item 3(a), that are not included in

columns C through J. Also include the

portion of any exposure reported in Schedule HC, item 3(a), that is secured by collateral or has a guarantee that qualifies for the

100 percent risk weight.

• Federal funds sold that must be riskweighted according to the Country Risk

Classification (CRC) methodology

o In column C-0% risk weight; column

G-20% risk weight; column H-50% risk

weight; column I-100% risk weight; column J-150% risk weight. Assign these

exposures to risk weight categories based

on the CRC methodology described

above in the General Instructions for

Part II. Include:

o The portion of Schedule HC, item 3(a),

that is directly and unconditionally guaranteed by foreign central governments

and exposures to foreign banks.

3(b) Securities purchased under agreements to

resell. Report in columns A and B the amount

of securities purchased under agreements to

resell (securities resale agreements, i.e.,

reverse repos) reported in Schedule HC, item

3(b), excluding those securities resale agreements that qualify as securitization exposures

as defined in §.2 of the regulatory capital

rules. The amount of those securities resale

agreements reported in Schedule HC, item

3(b), that qualify as securitization exposures

Schedule HC-R

HC-R-84 FR Y-9C

Schedule HC-R December 2020
are to be reported in Schedule HC-R, Part II,

item 9(d), column A.

A holding company that has adopted CECL

includes in column B the relevant portion

(reflected as a negative number) related to all

other assets of Schedule HI-B, Part II, Memorandum item 6, “Allowance for credit losses

on other financial assets measured at amortized cost,” less Schedule HC-R, part II,

Memorandum item 5(c), “Amount of allowances for credit losses on purchased creditdeteriorated assets: Other financial assets

measured at amortized cost.” For example, if

a firm reports $100 in Schedule HI-B, Part II,

Memorandum item 6, and $10 in Schedule

HC-R, Part II, Memorandum item 5(c), the

firm would report ($90) in this column B.

• Note: for purposes of risk weighting, please

distribute on-balance sheet securities purchased under agreements to resell reported

in Schedule HC, item 3(b), within the risk

weight categories in Schedule HC-R, Part

II, item 16, “Repo-style transactions.” Holding companies should report their securities purchased under agreements to resell

in item 16 in order for institutions to calculate their exposure, and thus risk-weighted

assets, based on master netting set agreements covering repo-style transactions.

4 Loans and leases held for sale. Report in

column A of the appropriate subitem the carrying value of loans and leases held for sale (HFS)

reported in Schedule HC, item 4(a), excluding

those HFS loans and leases that qualify as

securitization exposures as defined in §.2 of the

regulatory capital rules.

The carrying value of those HFS loans and

leases reported in Schedule HC, item 4(a),

that qualify as securitization exposures must

be reported in Schedule HC-R, Part II, item

9(d), column A.

The sum of Schedule HC-R, Part II, items

4(a) through 4(d), column A, plus the carrying

value of HFS loans and leases that qualify as

securitization exposures and are reported in

Schedule HC-R, Part II, item 9(d), column A,

must equal Schedule HC, item 4(a).

4(a) Residential mortgage exposures. Report in

column A the carrying value of loans held for

sale (HFS) reported in Schedule HC, item

4(a), that meet the definition of a residential

mortgage exposure or a statutory multifamily

mortgage33 in §.2 of the regulatory capital

33. Statutory multifamily mortgage means a loan secured by a multifamily residential property that meets the requirements under Section

618(b)(1) of the Resolution Trust Corporation Refinancing, Restructuring,

and Improvement Act of 1991, and that meets the following criteria:

(1) The loan is made in accordance with prudent underwriting standards:

(2) The principal amount of the loan at origination does not exceed 80

percent of the value of the property (or 75 percent of the value of the

property if the loan is based on an interest rate that changes over the

term of the loan) where the value of the property is the lower of the

acquisition cost of the property or the appraised (or. if appropriate.

evaluated) value of the property:

(3) All principal and interest payments on the loan must have been

made on a timely basis in accordance with the terms of the loan for at

least one year prior to applying a 50 percent risk weight to the loan. or in

the case where an existing owner is refinancing a loan on the property.

all principal and interest payments on the loan being refinanced must

have been made on a timely basis in accordance with the terms of the

loan for at least one year prior to applying a 50 percent risk weight to the

loan:

(4) Amortization of principal and interest on the loan must occur over a

period of not more than 30 years and the minimum original maturity for

repayment of principal must not be less than 7 years:

(5) Annual net operating income (before making any payment on the

loan) generated by the property securing the loan during its most recent

fiscal year must not be less than 120 percent of the loan’s current annual

debt service (or 115 percent of current annual debt service if the loan is

based on an interest rate that changes over the term of the loan) or. in the

case of a cooperative or other not-for-profit housing project. the property

must generate sufficient cash flow to provide comparable protection to

the institution: and

(6) The loan is not more than 90 days past due. or on nonaccrual.

A loan that meets the requirements of Section 618(b)(1) of the Resolution

Trust Corporation Refinancing, Restructuring, and Improvement Act of

1991 is a loan:

(i) secured by a first lien on a residence consisting of more than 4 dwelling

units:

(ii) under which

(I) the rate of interest does not change over the term of the loan. (b)

the principal obligation does not exceed 80 percent of the appraised value of the property. and ( c) the ratio of annual net

operating income generated by the property (before payment of

any debt service on the loan) to annual debt service on the loan is

not less than 120 percent: or

(II) the rate of interest changes over the term of the loan. (b) the

principal obligation does not exceed 75 percent of the appraised

value of the property. and (c) the ratio of annual net operating

income generated by the property (before payment of any debt

service on the loan) to annual debt service on the loan is not less

Schedule HC-R

FR Y-9C HC-R-85

Schedule HC-R March 2020
rules. Include in column A the carrying

value of:

• HFS loans secured by first or subsequent

liens on 1-4 family residential properties

(excluding first or subsequent liens on those

that qualify as securitization exposures) that

are reported in Schedule HC-C, items 1c(1),

1c(2)(a), and

• HFS loans secured by first or subsequent

liens on multifamily residential properties

with an original and outstanding amount of

$1 million or less (excluding those that

qualify as securitization exposures) that are

reported in Schedule HC-C, item 1d, as

these HFS loans would meet the regulatory

capital rules’ definition of residential mortgage exposure.

Exclude from this item:

• HFS loans secured by multifamily residential properties included in Schedule HC-C,

item 1d, that do not meet the definition of a

residential mortgage exposure or a statutory multifamily mortgage and are not

securitization exposures, and

• HFS 1-4 family residential construction

loans reported in Schedule HC-C, item

1a(1), that are not securitization exposures,

which should be reported in Schedule HC-R,

Part II, item 4.c or 4.d, as appropriate.

• In column C-0% risk weight, include the

portion of any exposure that meets the definition of residential mortgage exposure or

statutory multifamily mortgage reported in

Schedule HC, item 4(a), that is secured by

collateral or has a guarantee that qualifies

for the zero percent risk weight. This would

include loans collateralized by deposits at

the reporting institution.

• In column G-20% risk weight, include the

carrying value of the guaranteed portion of

HFS Federal Housing Administration (FHA)

and Veterans Administration (VA) mortgage

loans included in Schedule HC-C, item

1(c)(2)(a). Also include the portion of any

exposure that meets the definition of residential mortgage exposure or statutory multifamily mortgage reported in Schedule HC,

item 4(a), that is secured by collateral or has

a guarantee that qualifies for the 20 percent

risk weight. This would include the portion

of such an exposure covered by an FDIC

loss-sharing agreement.

• In column H-50% risk weight, include the

carrying value of HFS loans secured by (a)

1-4 family residential properties included in

Schedule HC-C, item 1(c)(1) (only include

qualifying first mortgage loans), qualifying

loans from items Schedule HC-C, 1(c)(2)(a)

and 1(d), or those that meet the definition of

a residential mortgage exposure and qualify

for 50 percent risk weight under §.32(g) of

the regulatory capital rules. For residential

mortgage exposures, the loans must be prudently underwritten, be fully secured by

first liens on 1-4 family residential properties (regardless of the original and outstanding amount of the loan) or multifamily

residential properties (with an original and

outstanding amount of $1 million or less),

not 90 days or more past due or in nonaccrual status, and have not been restructured

or modified (unless modified or restructured

(1) solely pursuant to the U.S. Treasury’s

Home Affordable Mortgage Program

(HAMP) or (2) consistent with the agencies’ April 7, 2020, interagency statement,34

than 115 percent:

(iii) under which

(I) amortization of principal and interest occurs over a period of not

more than 30 years:

(II) the minimum maturity for repayment of principal is not less than

7 years: and

(III) timely payment of all principal and interest. in accordance with

the terms of the loan. occurs for a period of not less than 1 year:

and

(iv) that meets any other underwriting characteristics that the appropriate

Federal banking agency may establish, consistent with the purposes of

the minimum acceptable capital requirements to maintain the safety

and soundness of financial institutions.

34. As discussed in the April 7, 2020, Interagency Statement on Loan

Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus (Revised), Section 4013 of the Coronavirus Aid, Relief, and Economic Security Act provides financial institutions the option to temporarily suspend certain requirements under

Schedule HC-R

HC-R-86 FR Y-9C

Schedule HC-R March 2021
solely due to short-term modifications of

1-4 family residential mortgages made on a

good faith basis in response to the Coronavirus Disease 2019 (COVID-19), provided

that the loans are prudently underwritten

and not 90 days or more past due or carried

in nonaccrual status). Also include loans

that meet the definition of statutory multifamily mortgage in §.2 of the regulatory

capital rules. Also include the portion of

any exposure that meets the definition of

residential mortgage exposure or reported

in Schedule HC, item 4(a), that is secured

by collateral or has a guarantee that qualifies for the 50 percent risk weight.

Notes:

1 Refer to the definition of residential

mortgage exposure in §.2 of the regulatory capital rules, and refer to the requirements for risk weighting residential mortgage loans in §.32 of the regulatory

capital rules.

2 A residential mortgage loan may receive

a 50 percent risk weight if it meets the

qualifying criteria in §.32(g) of the regulatory capital rules:

o A property is owner-occupied or rented;

o The loan is prudently underwritten

including the loan amount as a percentage of the appraised value of the real

estate collateral;

o The loan is not 90 days or more past

due or on nonaccrual;

o The loan is not restructured or modified (except for loans restructured

(1) solely pursuant to the U.S. Treasury’s HAMP or (2) solely due to a

short-term modification made on a good

faith basis in response to COVID-19,

provided that the loan is prudently

underwritten and not 90 days or more

past due or carried in nonaccrual status).

o If the holding company holds the firstlien and junior -lien(s) on a residential

mortgage exposure, and no other party

holds an intervening lien, the holding

company must combine the exposures

and treat them as a single first-lien

residential mortgage exposure.

4 A first lien home equity line (HELOC)

may qualify for 50 percent risk weight if

it meets the qualifying criteria in §.32(g)

listed above.

5 A residential mortgage loan of $1 million or less on a property of more than 4

units may qualify for 50 percent risk

weight if it meets the qualifying criteriain §.32(g) listed above.

• In column I-100% risk weight, include the

carrying value of HFS loans that are residential mortgage exposures reported in

Schedule HC, item 4(a), that are not included

in columns C, G, H or R. Include HFS loans

that are junior lien residential mortgage

exposures if the holding company does not

hold the first lien on the property, except the

portion of any junior lien residential mortgage exposure that is secured by collateral

or has a guarantee that qualifies for the zero

percent, 20 percent, or 50 percent risk

weight. Include HFS loans that are residential mortgage exposures that have been

restructured or modified, except:

• Those loans restructured or modified

solely pursuant to the U.S. Treasury’s

HAMP, and

• The portion of any restructured or modified residential mortgage exposure that is

secured by collateral or has a guarantee

that qualifies for the zero percent, 20

percent, or 50 percent risk weight.

• In columns R and S-Application of Other

Risk-Weighting Approaches, include the portion of any HFS exposure reported in Schedule HC, item 4(a) that meets the definition

U.S. generally accepted accounting principles related to troubled debt

restructurings for a limited period of time to account for the effects of

COVID-19.

Schedule HC-R

FR Y-9C HC-R-87

Schedule HC-R March 2021
of residential mortgage exposure or statutory multifamily mortgage and is secured by

qualifying financial collateral that meets the

definition of a securitization exposure in §.2

of the regulatory capital rules or is a mutual

fund only if the holding company chooses

to recognize the risk-mitigating effects of

the securitization exposure or mutual fund

collateral under the simple approach outlined in §.37 of the regulatory capital rules.

Under the simple approach, the risk weight

assigned to the collateralized portion of the

exposure may not be less than 20 percent.

o Include in column R the carrying value

of the portion of an HFS exposure that is

secured by the fair value of securitization

exposure or mutual fund collateral that

meets the general requirements of the

simple approach in §.37. In addition, the

holding company must apply the same

approach to securitization exposure collateral - either the Simplified Supervisory Formula Approach or the Gross-Up

Approach - that it applies to determine

the risk-weighted asset amounts of its

on- and off-balance sheet securitization

exposures that are reported in Schedule

HC-R, Part II, items 9 and 10.

o Report in column S the risk-weighted

asset amount of the securitization exposure or mutual fund collateral that collateralizes the portion of the HFS exposure

secured by such collateral. Any remaining portion of the HFS exposure that is

uncollateralized or collateralized by other

qualifying collateral would be reported

in columns C through I, as appropriate.

For further information, see the discussions

of “Treatment of Collateral and Guarantees” and “Risk-Weighted Assets for Securitization Exposures” in the General Instructions for Schedule HC-R, Part II.

4(b) High volatility commercial real estate exposures. Report in column A the carrying value

of loans held for sale (HFS) reported in

Schedule HC, item 4(a), that are high volatility commercial real estate (HVCRE) exposures,35 including HVCRE exposures that are

35. HVCRE exposure means:

(1) A credit facility secured by land or improved real property that, prior

to being reclassified by the institution as a non-HVCRE exposure

pursuant to paragraph (6) of this definition—

(i) Primarily finances, has financed, or refinances the acquisition,

development, or construction of real property;

(ii) Has the purpose of providing financing to acquire, develop, or

improve such real property into income-producing real property;

and

(iii) Is dependent upon future income or sales proceeds from, or

refinancing of, such real property for the repayment of such

credit facility.

(2) An HVCRE exposure does not include a credit facility financing—

(i) The acquisition, development, or construction of properties that

are—

(A) One- to four-family residential properties. Credit facilities that do not finance the construction of one- to fourfamily residential structures, but instead solely finance

improvements such as the laying of sewers, water pipes,

and similar improvements to land, do not qualify for the

one- to four-family residential properties exclusion;

(B) Real property that would qualify as an investment in

community development; or

(C) Agricultural land;

(ii) The acquisition or refinance of existing income-producing real

property secured by a mortgage on such property, if the cash flow

being generated by the real property is sufficient to support the

debt service and expenses of the real property, in accordance

with the institution’s applicable loan underwriting criteria for

permanent financings;

(iii) Improvements to existing income-producing improved real property secured by a mortgage on such property, if the cash flow

being generated by the real property is sufficient to support the

debt service and expenses of the real property, in accordance

with the institution’s applicable loan underwriting criteria for

permanent financings; or

(iv) Commercial real property projects in which—

(A) The loan-to-value ratio is less than or equal to the applicable maximum supervisory loan-to-value ratio as determined by an institution’s primary federal regulator;

(B) The borrower has contributed capital of at least 15 percent of the real property’s appraised, ′as completed’ value

to the project in the form of—

(1) Cash;

(2) Unencumbered readily marketable assets;

(3) Paid development expenses out-of-pocket; or

(4) Contributed real property or improvements; and

(C) The borrower contributed the minimum amount of capital

described under paragraph (2)(iv)(B) of this definition

before the institution advances funds (other than the

advance of a nominal sum made in order to secure the

institution’s lien against the real property) under the credit

facility, and such minimum amount of capital contributed

by the borrower is contractually required to remain in the

project until the HVCRE exposure has been reclassified

Schedule HC-R

HC-R-88 FR Y-9C

Schedule HC-R March 2016
90 days or more past due or in nonaccrual

status:

• In column C-0% risk weight, include the

portion of any HVCRE exposure included

in loans and leases HFS that is secured by

collateral or has a guarantee that qualifies

for the zero percent risk weight. This would

include the portion of HVCRE exposures

collateralized by deposits at the reporting

institution.

• In column G-20% risk weight, include the

portion of any HVCRE exposure included

in loans and leases HFS that is secured by

collateral or has a guarantee that qualifies

for the 20 percent risk weight. This would

include the portion of any HVCRE exposure covered by an FDIC loss-sharing agreement.

• In column H-50% risk weight, include the

portion of any HVCRE exposure included

in loans and leases HFS that is secured by

collateral or has a guarantee that qualifies

for the 50 percent risk weight.

• In column I-100% risk weight, include the

portion of any HVCRE exposure included

in loans and leases HFS that is secured by

collateral or has a guarantee that qualifies

for the 100 percent risk weight.

• In column J-150% risk weight, include the

carrying value of high volatility commercial real estate exposures, as defined in §.2

of the regulatory capital rules, included in

Schedule HC, item 4(a), excluding those

portions of the carrying value that are covered by qualifying collateral or eligible

guarantees as described in §.37 and §.36,

respectively, of the regulatory capital rules.

• In columns R and S-Application of Other

Risk-Weighting Approaches, include the portion of any HVCRE exposure included in

loans and leases HFS reported in Schedule

HC, item 4(a), that is secured by qualifying

financial collateral that meets the definition

of a securitization exposure in §.2 of the

regulatory capital rules or is a mutual fund

only if the holding company chooses to

recognize the risk-mitigating effects of the

securitization exposure or mutual fund collateral under the simple approach outlined

in §.37 of the regulatory capital rules. Under

the simple approach, the risk weight

assigned to the collateralized portion of the

exposure may not be less than 20 percent.

o Include in column R the carrying value

of the portion of an HFS HVCRE exposure that is secured by the fair value of

securitization exposure or mutual fund

collateral that meets the general requirements of the simple approach in §.37. In

addition, the holding company must apply

the same approach to securitization exposure collateral—either the Simplified

Supervisory Formula Approach or the

Gross-Up Approach—that it applies to

determine the risk-weighted asset

amounts of its on- and off-balance sheet

securitization exposures that are reported

in Schedule HC-R, Part II, items 9 and 10.

by the institution as a non-HVCRE exposure under paragraph (6) of this definition;

(3) An HVCRE exposure does not include any loan made prior to

January 1, 2015;

(4) An HVCRE exposure does not include a credit facility reclassified as

a non-HVCRE exposure under paragraph (6) of this definition.

(5) Value of contributed real property: For the purposes of this HVCRE

exposure definition, the value of any real property contributed by a

borrower as a capital contribution is the appraised value of the

property as determined under standards prescribed pursuant to section 1110 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 3339), in connection with the

extension of the credit facility or loan to such borrower.

(6) Reclassification as a non-HVCRE exposure: For purposes of this

HVCRE exposure definition and with respect to a credit facility and

an institution, an institution may reclassify an HVCRE exposure as a

non-HVCRE exposure upon—

(i) The substantial completion of the development or construction

of the real property being financed by the credit facility; and

(ii) Cash flow being generated by the real property being sufficient to

support the debt service and expenses of the real property, in

accordance with the institution’s applicable loan underwriting

criteria for permanent financings.

(7) For purposes of this definition, an institution is not required to

reclassify a credit facility that was originated on or after January 1,

2015, and prior to April 1, 2020

Schedule HC-R

FR Y-9C HC-R-89

Schedule HC-R June 2020
o Report in column S the risk-weighted

asset amount of the securitization exposure or mutual fund collateral that collateralizes the portion of the HFS exposure

that is secured by such collateral. Any

remaining portion of the HFS exposure

that is uncollateralized or collateralized

by other qualifying collateral would be

reported in columns C through J, as

appropriate.

For further information, see the discussions

of ‘‘Treatment of Collateral and Guarantees’’ and ‘‘Risk-Weighted Assets for Securitization Exposures’’ in the General Instructions for Schedule HC-R, Part II.

4(c) Exposures past due 90 days or more or on

nonaccrual. Report in column A the carrying

value of loans and leases held for sale (HFS)

reported in Schedule HC, item 4(a), that are

90 days or more past due or in nonaccrual

status according to the requirements set forth

in §.32(k) of the regulatory capital rules. Do

not include HFS sovereign exposures or HFS

residential mortgage exposures, as described

in §.32(a) and §.32(g), respectively, that are

90 days or more past due or in nonaccrual

status (report such past due and nonaccrual

exposures in Schedule HC-R, Part II, item

4(d) and item 4(a), respectively). Also do not

include HFS high volatility commercial real

estate exposures that are 90 days or more past

due or in nonaccrual status (report such exposures in Schedule HC-R, Part II, item 4(b)).

• In column C-0% risk weight, include the

portion of loans and leases HFS included in

Schedule HC, item 4(a), that are 90 days or

more past due or in nonaccrual status (except

as noted above), that is secured by collateral

or has a guarantee that qualifies for the zero

percent risk weight. This would include

U.S. Small Business Administration Paycheck Protection Program loans, and the

portion of loans and leases HFS collateralized by deposits at the reporting institution.

• In column G-20% risk weight, include the

portion of loans and leases HFS included in

Schedule HC, item 4(a), that are 90 days or

more past due or in nonaccrual status (except

as noted above), that is secured by collateral

or has a guarantee that qualifies for the 20

percent risk weight. This would include the

portion of HFS loans covered by an FDIC

loss-sharing agreement.

• In column H-50% risk weight, include the

portion of loans and leases HFS included in

Schedule HC, item 4(a), that are 90 days or

more past due or in nonaccrual status (except

as noted above), that is secured by collateral

or has a guarantee that qualifies for the 50

percent risk weight.

• In column I-100% risk weight, include the

portion of loans and leases HFS included in

Schedule HC, item 4(a), that are 90 days or

more past due or in nonaccrual status (except

as noted above), that is secured by collateral

or has a guarantee that qualifies for the 100

percent risk weight.

• In column J-150% risk weight, include the

carrying value of loans and leases HFS

included in Schedule HC, item 4(a), that are

90 days or more past due or in nonaccrual

status (except as noted above), excluding

those portions that are covered by qualifying collateral or eligible guarantees as

described in §.37 and §.36, respectively, of

the regulatory capital rules.

• In columns R and S-Application of Other

Risk-Weighting Approaches, include the portion of any loans and leases HFS included

in Schedule HC, item 4(a), that are 90 days

or more past due or in nonaccrual status

(except as noted above), that is secured by

qualifying financial collateral that meets the

definition of a securitization exposure in §.2

of the regulatory capital rules or is a mutual

fund only if the holding company chooses

to recognize the risk-mitigating effects of

the securitization exposure or mutual fund

collateral under the simple approach outlined in §.37 of the regulatory capital rules.

Under the simple approach, the risk weight

assigned to the collateralized portion of the

exposure may not be less than 20 percent.

Schedule HC-R

HC-R-90 FR Y-9C

Schedule HC-R September 2015
o Include in column R the carrying value

of the portion of an HFS loan or lease

that is 90 days or more past due or in

nonaccrual status that is secured by the

fair value of securitization exposure or

mutual fund collateral that meets the

general requirements of the simple

approach in §.37. In addition, the holding company must apply the same

approach to securitization exposure collateral - either the Simplified Supervisory Formula Approach or the Gross-Up

Approach - that it applies to determine

the risk-weighted asset amounts of its

on- and off-balance sheet securitization

exposures that are reported in Schedule

HC-R, Part II, items 9 and 10.

o Report in column S the risk-weighted

asset amount of the securitization exposure or mutual fund collateral that collateralizes the portion of the HFS exposure

that is secured by such collateral. Any

remaining portion of the HFS exposure

that is uncollateralized or collateralized

by other qualifying collateral would be

reported in columns C through J, as

appropriate.

For further information, see the discussions

of ‘‘Treatment of Collateral and Guarantees’’ and ‘‘Risk-Weighted Assets for Securitization Exposures’’ in the General Instructions for Schedule HC-R, Part II.

4(d) All other exposures. Report in column A the

carrying value of loans and leases held for sale

(HFS) reported in Schedule HC, item 4(a), that

are not reported in Schedule HC-R, Part II, items

4(a) through 4(c) above:

• In column C-0% risk weight, include the carrying value of the unconditionally guaranteed

portion of HFS Small Business Administration (SBA) ‘‘Guaranteed Interest Certificates’’

purchased in the secondary market that are

included in Schedule HC-C. Also include the

portion of any loans and leases HFS that that

are not reported in Schedule HC-R, Part II,

items 4(a) through 4(c) above, that is secured

by collateral or has a guarantee that qualifies

for the zero percent risk weight. This would

include U.S. Small Business Administration

Paycheck Protection Program loans, and the

portion of loans and leases HFS collateralized

by deposits at the reporting institution.

• In column G-20% risk weight, include the

carrying value of HFS loans to and acceptances of other U.S. depository institutions

that are reported in Schedule HC-C, item 2,

plus the carrying value of the guaranteed

portion of HFS SBA loans originated and held

by the reporting holding company included in

Schedule HC-C, and the carrying value of the

portion of HFS student loans reinsured by the

U.S. Department of Education included in

Schedule HC-C, item 6(d), ‘‘Other consumer

loans.’’ Also include the portion of any loans

and leases HFS that that are not reported in

Schedule HC-R, Part II, items 4(a) through

4(c) above, that is secured by collateral or has

a guarantee that qualifies for the 20 percent

risk weight. This would include the portion of

loans and leases HFS covered by FDIC losssharing agreements.

• In column H-50% risk weight, include the

carrying value of HFS loans that meet the

definition of presold construction loan in §.2

of the regulatory capital rules that qualify for

the 50 percent risk weight. Also include the

portion of any loans and leases HFS that that

are not reported in Schedule HC-R, Part II,

items 4(a) through 4(c) above, that is secured

by collateral or has a guarantee that qualifies

for the 50 percent risk weight.

• In column I-100% risk weight, include the

carrying value of HFS loans and leases reported

in Schedule HC, item 4(a), that are not included

in columns C through J and R. This item

would include 1-4 family construction loans

reported in Schedule HC-C, item 1(a)(1) and

loans secured by multifamily residential properties reported in Schedule HC-C, item 1(d),

with an original amount of more than $1

million. Also include the carrying value of

HFS loans that meet the definition of presold

construction loan in §.2 of the regulatory

capital rules that qualify for the 100 percent

Schedule HC-R

FR Y-9C HC-R-91

Schedule HC-R March 2021
risk weight. Also include the portion of any

loans and leases HFS that that are not reported

in Schedule HC-R, Part II, items 4(a) through

4(c) above, that is secured by collateral or has

a guarantee that qualifies for the 100 percent

risk weight.

• In columns R and S-Application of Other

Risk-Weighting Approaches, include the portion of any HFS loans and leases, including

HFS eligible margin loans, reported in Schedule HC, item 4(a), that is secured by qualifying financial collateral that meets the definition of a securitization exposure in §.2 of the

regulatory capital rules or is a mutual fund

only if the holding company chooses to recognize the risk-mitigating effects of the securitization exposure or mutual fund collateral

under the Simple Approach, or the collateral

margin approach for eligible margin loans,

outlined in §.37 of the regulatory capital rules.

Under the Simple Approach, the risk weight

assigned to the collateralized portion of the

exposure may not be less than 20 percent.

o Include in column R the carrying value

of the portion of such an HFS loan or

lease that is secured by the fair value or

adjusted fair value of securitization exposure or mutual fund collateral as determined under the Simple Approach or the

Collateral Haircut Approach, respectively, however, the holding company

must apply the same approach to all

eligible margin loans. In addition, if the

holding company applies the simple

approach, it must apply the same

approach to securitization exposure collateral - either the Simplified Supervisory Formula Approach or the Gross-Up

Approach - that it applies to determine

the risk-weighted asset amounts of its

on- and off-balance sheet securitization

exposures that are reported in Schedule

HC-R, Part II, items 9 and 10.

o Report in column S the risk-weighted

asset amount of the securitization exposure or mutual fund collateral that collateralizes the portion of the HFS exposure

that is secured by such collateral. Any

remaining portion of the HFS exposure

that is uncollateralized or collateralized

by other qualifying collateral would be

reported in columns C through J, as

appropriate.

For further information, see the discussions

of “Treatment of Collateral and Guarantees” and “Risk-Weighted Assets for Securitization Exposures” in the General Instructions for Schedule HC-R, Part II.

• All other HFS loans and leases held for sale

that must be risk weighted according to the

Country Risk Classification (CRC) methodology

o In column C-0% risk weight; column

G-20% risk weight; column H-50% risk

weight; column I-100% risk weight; column J-150% risk weight. Assign these

exposures to risk weight categories based

on the CRC methodology described

above in the General Instructions for

Part II.

o The carrying value of other loans and

leases held for sale reported in Schedule

HC, item 4(a), that are not reported in

Schedule HC-R, Part II, items 4(a)

through 4(c) above.

5 Loans and leases, held for investment.

Report in column A of the appropriate subitem the carrying value of loans and leases,

held for investment, reported in Schedule HC,

item 4(b), excluding those loans and leases,

held for investment, that qualify as securitization exposures as defined in §.2 of the regulatory capital rules.

The carrying value of those loans and leases,

held for investment, that qualify as securitization exposures must be reported in Schedule

HC-R, Part II, item 9(d), column A.

The sum of Schedule HC-R, Part II, items

5(a) through 5(d), column A, plus the carrying

value of loans and leases, held for investment,

that qualify as securitization exposures and

are reported in Schedule HC-R, Part II, item

Schedule HC-R

HC-R-92 FR Y-9C

Schedule HC-R March 2020
9(d), column A, must equal Schedule HC,

item 4(b).

5(a) Residential mortgage exposures. Report in

column A the carrying value of loans, held

for investment, reported in Schedule HC,

item 4(b), that meet the definition of a residential mortgage exposure or a statutory multifamily mortgage36 in §.2 of the regulatory

capital rules. Include in column A the carrying value of:

• Loans, held for investment, secured by first

or subsequent liens on 1-4 family residential properties (excluding those that qualify

as securitization exposures) that are

reported in Schedule HC-C, items 1(c)(1),

1(c)(2)(a), and 1(c)(2)(b), and

• Loans, held for investment, secured by first

or subsequent liens on multifamily residential properties with an original and outstanding amount of $1 million or less

(excluding those that qualify as securitization exposures) that are reported in Schedule HC-C, item 1(d), as these loans would

meet the regulatory capital rules’ definition

of residential mortgage.

Exclude from this item:

• Loans, held for investment, secured by

multifamily residential properties included

in Schedule HC-C, item 1(d), that do not

meet the definition of a residential mortgage exposure or a statutory multifamily

mortgage, and

• 1-4 family residential construction loans,

held for investment, reported in Schedule

HC-C, item 1(a)(1), that are not securitization exposures, which should be reported

in Schedule HC-R, Part II, item 5(c) or

5(d), as appropriate.

In column B, a holding company that has

adopted CECL includes as a positive number the portion of Schedule HC-R, part II,

Memorandum item 5(a), “Amount of allowances for credit losses on purchased creditdeteriorated assets: Loans and leases held

for investment” that are applicable to residential mortgage exposures.

• In column C-0% risk weight, include the

portion of any exposure, net of unearned

income, that meets the definition of residential mortgage exposure or statutory multifamily mortgage reported in Schedule

HC-C, item 4(b), that is secured by collateral or has a guarantee that qualifies for the

zero percent risk weight. This would include

loans and leases, held for investment, collateralized by deposits at the reporting

institution.

• In column G-20% risk weight, include the

carrying value of the guaranteed portion of

FHA and VA mortgage loans, net of

unearned income, included in Schedule

HC-C, item 1(c)(2)(a). Also include the

portion of any loan, held for investment,

which meets the definition of residential

mortgage exposure or statutory multifamily mortgage reported in Schedule HC,

item 4(b), that is secured by collateral or

has a guarantee that qualifies for the 20

percent risk weight. This would include the

portion of loans, held for investment, covered by an FDIC loss-sharing agreement.

• In column H-50% risk weight, include the

carrying value of loans, held for investment, secured by 1-4 family residential

properties and by included in Schedule

HC-C, item 1(c)(1) (only include qualifying first mortgage loans), qualifying loans

from Schedule HC-C, items 1(c)(2)(a) and

1(d), or those that meet the definition of a

residential mortgage exposure and qualify

for 50 percent risk weight under §.32(g) of

the regulatory capital rules. For residential

mortgage exposures, the loans must be

prudently underwritten, be fully secured by

first liens on 1-4 family residential properties (regardless of the original and outstanding amount of the loan) or multifamily residential properties (with an original

and outstanding amount of $1 million or

less), not 90 days or more past due or in

36. See the instructions for Schedule HC-R. Part II. item 4(a) above for

the definition of statutory multifamily mortgage.

Schedule HC-R

FR Y-9C HC-R-93

Schedule HC-R March 2020
nonaccrual status, and have not been

restructured or modified (unless modified

or restructured (1) solely pursuant to the

U.S. Treasury’s Home Affordable Mortgage Program (HAMP) or (2) consistent

with the agencies’ April 7, 2020, interagency statement,37 solely due to shortterm modifications of 1-4 family residential mortgages made on a good faith basis

in response to the Coronavirus Disease 2019 (COVID-19), provided that the

loans are prudently underwritten and not

90 days or more past due or carried in

nonaccrual status). Also include loans, held

for investment, that meet the definition of

statutory multifamily mortgage in §.2 of

the regulatory capital rules. Also include

the portion of any loan, held for investment, which meets the definition of residential mortgage exposure or reported in

Schedule HC, item 4(b), that is secured by

collateral or has a guarantee that qualifies

for the 50 percent risk weight.

Notes:

• Refer to the definition of residential

mortgage exposure in §.2 of the regulatory capital rules and refer to the requirements for risk weighting residential mortgage loans in §.32 of the regulatory

capital rules.

• A residential mortgage loan may receive

a 50 percent risk weight if it meets the

qualifying criteria in § .32(g) of the regulatory capital rules:

o A property is owner-occupied or

rented;

o The loan is prudently underwritten

including the loan amount as a percentage of the appraised value of the

real estate collateral;

o The loan is not 90 days or more past

due or on nonaccrual;

o The loan is not restructured or modified (except for loans restructured

(1) solely pursuant to the U.S. Treasury’s HAMP (2) solely due to a shortterm modification made on a good

faith basis in response to COVID-19,

provided that the loan is prudently

underwritten and not 90 days or more

past due or carried in nonaccrual status).

o If the holding company holds the firstlien and junior -lien(s) on a residential

mortgage exposure, and no other party

holds an intervening lien, the holding

company must combine the exposures

and treat them as a single first-lien

residential mortgage exposure.

• A first lien home equity line (HELOC)

may qualify for 50 percent risk weight if

it meets the qualifying criteria, in § .32(g)

listed above.

• A residential mortgage loan of $1 million

or less on a property of more than 4 units

may qualify for 50 percent risk weight if

it meets the qualifying criteria in § .32(g)

listed above.

• In column I-100% risk weight, include the carrying value of loans, held for investment, related

to residential mortgage exposures reported in

Schedule HC, item 4(b), that are not included in

columns C, G, H, or R. Include loans, held for

investment, that are junior lien residential mortgage exposures if the bank does not hold the

first lien on the property, except the portion of

any junior lien residential mortgage exposure

that is secured by collateral or has a guarantee

that qualifies for the zero percent, 20 percent, or

50 percent risk weight. Also include loans, held

for investment, that are residential mortgage

exposures that have been restructured or modified, except:

37. As discussed in the April 7, 2020, Interagency Statement on Loan

Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus (Revised), Section 4013 of the Coronavirus Aid, Relief, and Economic Security Act provides financial institutions the option to temporarily suspend certain requirements under U.S.

generally accepted accounting principles related to troubled debt restructurings for a limited period of time to account for the effects of COVID-19.

Schedule HC-R

HC-R-94 FR Y-9C

Schedule HC-R March 2021
o Those loans restructured or modified solely

pursuant to the U.S. Treasury’s HAMP, and

o The portion of any restructured or modified

residential mortgage exposure that is secured

by collateral or has a guarantee that qualifies

for the zero percent, 20 percent, or 50 percent

risk weight.

• In columns R and S-Application of Other RiskWeighting Approaches, include the portion of

any loan, held for investment, reported in Schedule HC, item 4(b), that meets the definition of

residential mortgage exposure or statutory multifamily mortgage, and is secured by qualifying

financial collateral that meets the definition of a

securitization exposure in §.2 of the regulatory

capital rules or is a mutual fund only if the

holding company chooses to recognize the riskmitigating effects of the securitization exposure

or mutual fund collateral under the simple

approach outlined in §.37 of the regulatory

capital rules. Under the simple approach, the

risk weight assigned to the collateralized portion

of the exposure may not be less than 20 percent.

o Include in column R the carrying value of the

portion of a loan exposure that is secured by

the fair value of securitization exposure or

mutual fund collateral that meets the general

requirements of the simple approach in §.37.

In addition, the holding company must apply

the same approach to securitization exposure

collateral—either the Simplified Supervisory

Formula Approach or the Gross-Up Approach

—that it applies to determine the riskweighted asset amounts of its on- and offbalance sheet securitization exposures that are

reported in Schedule HC-R, Part II, items 9

and 10.

o Report in column S the risk-weighted asset

amount of the securitization exposure or

mutual fund collateral that collateralizes the

portion of the loan exposure that is secured by

such collateral. Any remaining portion of the

loan exposure that is uncollateralized or collateralized by other qualifying collateral would

be reported in columns C through I, as appropriate.

For further information, see the discussions of

‘‘Treatment of Collateral and Guarantees’’ and

‘‘Risk-Weighted Assets for Securitization Exposures’’ in the General Instructions for Schedule

HC-R, Part II.

5(b) High volatility commercial real estate exposures. Report in Column A the portion of the

carrying value of loans, held for investment,

reported in Schedule HC, item 4(b), that are

high volatility commercial real estate exposures (HVCRE),38 including HVCRE exposures that are 90 days or more past due or in

nonaccrual status:

• In column B, a holding company that has

adopted CECL includes as a positive number the portion of Schedule HC-R, Part II,

Memorandum item 5(a), “Amount of allowances for credit losses on purchased credit

deteriorated assets: Loans and leases held

for investment” that are applicable to highvolatility commercial real estate exposures.

• In column C-0% risk weight, include the

portion of any HVCRE exposure included

in loans and leases, held for investment,

that is secured by collateral or has a guarantee that qualifies for the zero percent risk

weight. This would include the portion of

HVCRE loans, net of unearned income,

collateralized by deposits at the reporting

institution.

• In column G-20% risk weight, include the

portion of any HVCRE exposure included

in loans and leases, held for investment,

that is secured by collateral or has a guarantee that qualifies for the 20 percent risk

weight. This would include the portion of

any HVCRE exposure covered by an FDIC

loss-sharing agreement.

• In column H-50% risk weight, include the

portion of any HVCRE exposure included

in loans and leases, held for investment,

that is secured by collateral or has a guarantee that qualifies for the 50 percent risk

weight.

38. See instructions for Schedule HC-R, Part II, item 4(b), above for the

definition of HVCRE exposure.

Schedule HC-R

FR Y-9C HC-R-95

Schedule HC-R March 2019
• In column I-100% risk weight, include the

portion of any HVCRE exposure included

in loans and leases, held for investment,

that is secured by collateral or has a guarantee that qualifies for the 100 percent risk

weight.

• In column J-150% risk weight, include the

carrying value of high volatility commercial real estate exposures, as defined in §.2

of the regulatory capital rules, included in

Schedule HC, item 4(b), excluding those

portions of the carrying value that are

covered by qualifying collateral or eligible

guarantees as described in §.37 and §.36,

respectively, of the regulatory capital rules.

• In columns R and S-Application of Other

Risk-Weighting Approaches, include the

portion of any HVCRE exposure included

in loans and leases, held for investment,

reported in Schedule HC, item 4(b), that is

secured by qualifying financial collateral

that meets the definition of a securitization

exposure in §.2 of the regulatory capital

rules or is a mutual fund only if the holding

company chooses to recognize the riskmitigating effects of the securitization exposure or mutual fund collateral under the

simple approach outlined in §.37 of the

regulatory capital rules. Under the simple

approach, the risk weight assigned to the

collateralized portion of the exposure may

not be less than 20 percent.

o Include in column R the carrying value

of the portion of an HVCRE exposure

that is secured by the fair value of

securitization exposure or mutual fund

collateral that meets the general requirements of the simple approach in §.37. In

addition, the holding company must

apply the same approach to securitization exposure collateral—either the Simplified Supervisory Formula Approach

or the Gross-Up Approach—that it

applies to determine the risk-weighted

asset amounts of its on- and off-balance

sheet securitization exposures that are

reported in Schedule HC-R, Part II,

items 9 and 10.

o Report in column S the risk-weighted

asset amount of the securitization exposure or mutual fund collateral that collateralizes the portion of the HVCRE exposure that is secured by such collateral.

Any remaining portion of the HVCRE

exposure that is uncollateralized or collateralized by other qualifying collateral

would be reported in columns C through

I, as appropriate.

For further information, see the discussions

of ‘‘Treatment of Collateral and Guarantees’’ and ‘‘Risk-Weighted Assets for Securitization Exposures’’ in the General Instructions for Schedule HC-R, Part II.

5(c) Exposures past due 90 days or more or on

nonaccrual. Report in column A the carrying

value of loans and leases, held for investment,

reported in Schedule HC, item 4(b), that are

90 days or more past due or in nonaccrual

status according to the requirements set forth

in in §.32(k) of the regulatory capital rules.

Do not include sovereign exposures or residential mortgage exposures, as described in

§.32(a) and §.32(g) respectively, that are 90

days or more past due or in nonaccrual status

(report such past due and nonaccrual exposures in Schedule HC-R, Part II, items 5(d)

and 5(a), respectively). Also do not include

high volatility commercial real estate exposures that are 90 days or more past due or in

nonaccrual status (report such exposures in

Schedule HC-R, Part II, item 5(b)).

• In column B, a holding company that has

adopted CECL includes as a positive number the portion of Schedule HC-R, Part II,

Memorandum item 5(a) “Amount of allowances for credit losses on purchased creditdeteriorated assets: Loans and leases held

for investment” that are applicable to exposures past due 90 days or more or on

nonaccrual.

• In column C-0% risk weight, include the

portion of loans and leases, held for investment, included in Schedule HC, item 4(b),

Schedule HC-R

HC-R-96 FR Y-9C

Schedule HC-R March 2019
that are 90 days or more past due or in

nonaccrual status (except as noted above),

that is secured by collateral or has a guarantee that qualifies for the zero percent risk

weight. This would include U.S. Small

Business Administration Paycheck Protection Program loans and the portion of loans

and leases, net of unearned income, collateralized by deposits at the reporting institution.

• In column G-20% risk weight, include the

portion of loans and leases, held for investment, included in Schedule HC, item 4(b),

that are 90 days or more past due or in

nonaccrual status (except as noted above),

that is secured by collateral or has a guarantee that qualifies for the 20 percent risk

weight. This would include the portion of

loans and leases, held for investment, covered by an FDIC loss-sharing agreement.

• In column H-50% risk weight, include the

portion of loans and leases, held for investment, included in Schedule HC, item 4(b),

that are 90 days or more past due or in

nonaccrual status (except as noted above),

that is secured by collateral or has a guarantee that qualifies for the 50 percent risk

weight.

• In column I-100% risk weight, include the

portion of loans and leases, held for investment, included in Schedule HC, item 4(b),

that are 90 days or more past due or in

nonaccrual status (except as noted above),

that is secured by collateral or has a guarantee that qualifies for the 100 percent risk

weight.

• In column J-150% risk weight, include the

carrying value of loans and leases, held for

investment, included in Schedule HC, item

4(b), that are 90 days or more past due or in

nonaccrual status (except as noted above),

excluding those portions that are covered

by qualifying collateral or eligible guarantees as described in §.37 and §.36, respectively, of the regulatory capital rules.

• In columns R and S-Application of Other

Risk-Weighting Approaches, include the

portion of any loans and leases, held for

investment, included in Schedule HC, item

4(a), that are 90 days or more past due or in

nonaccrual status (except as noted above),

that is secured by qualifying financial collateral that meets the definition of a securitization exposure in §.2 of the regulatory

capital rules or is a mutual fund only if the

holding company chooses to recognize the

risk-mitigating effects of the securitization

exposure or mutual fund collateral under

the simple approach outlined in §.37 of the

regulatory capital rules. Under the simple

approach, the risk weight assigned to the

collateralized portion of the exposure may

not be less than 20 percent.

o Include in column R the carrying value

of the portion of a loan or lease, held for

investment, that is 90 days or more past

due or in nonaccrual status that is secured

by the fair value of securitization exposure or mutual fund collateral that meets

the general requirements of the simple

approach in §.37. In addition, the holding company must apply the same

approach to securitization exposure collateral - either the Simplified Supervisory Formula Approach or the Gross-Up

Approach - that it applies to determine

the risk-weighted asset amounts of its

on- and off-balance sheet securitization

exposures that are reported in Schedule

HC-R, Part II, items 9 and 10.

o Report in column S the risk-weighted

asset amount of the securitization exposure or mutual fund collateral that collateralizes the portion of the loan or lease

held for investment that is secured by

such collateral. Any remaining portion

of the loan or lease, exposure, that is

uncollateralized or collateralized by

other qualifying collateral would be

reported in columns C through J, as

appropriate.

For further information, see the discussions of ‘‘Treatment of Collateral and

Guarantees’’ and ‘‘Risk-Weighted Assets

Schedule HC-R

FR Y-9C HC-R-97

Schedule HC-R March 2021
for Securitization Exposures’’ in the General Instructions for Schedule HC-R, Part II.

5(d) All other exposures. Report in column A the

carrying value of loans and leases, held for

investment, reported in Schedule HC, item

4(b), that are not reported in items 5(a)

through 5(c) above:

• In column C-0% risk weight, include the

carrying value of the unconditionally guaranteed portion of SBA ‘‘Guaranteed Interest Certificates’’ purchased in the secondary market that are included in Schedule

HC-C, net of unearned income. Also

include the portion of any loans and leases,

net of unearned income, not reported in

Schedule HC-R, Part II, items 5(a)

through 5(c) above, that is secured by

collateral or has a guarantee that qualifies

for the zero percent risk weight. This would

include U.S. Small Business Administration Paycheck Protection Program loans

and the portion of loans and leases, held for

investment, collateralized by deposits at

the reporting institution.

• In column G-20% risk weight, include the

carrying value of loans to and acceptances

of other U.S. depository institutions, held

for investment, that are reported in Schedule HC-C, item 2 (excluding the carrying

value of any long-term exposures to nonOECD banks), plus the carrying value, net

of unearned income, of the guaranteed

portion of SBA loans originated and held

by the reporting holding company included

in Schedule HC-C, and the carrying value,

net of unearned income, of the portion of

student loans reinsured by the U.S. Department of Education included in Schedule

HC-C, item 6(d), ‘‘Other consumer loans.’’

Also include the portion of any loans and

leases, held for investment, not reported in

Schedule HC-R, Part II, items 5(a) through

5(c) above, that is secured by collateral or

has a guarantee that qualifies for the 20

percent risk weight. This would include the

portion of loans and leases, held for investment, covered by FDIC loss-sharing agreements.

• In column H-50% risk weight, include the

carrying value of loans and leases, held for

investment, that meet the definition of presold construction loan in §.2 of the regulatory capital rules that qualify for the 50

percent risk weight. Also include the portion of any loans and leases, held for

investment, not reported in Schedule HC-R,

Part II, items 5(a) through 5(c) above, that

is secured by collateral or has a guarantee

that qualifies for the 50 percent risk weight.

• In column I-100% risk weight, include the

carrying value of loans and leases, held for

investment, reported in Schedule HC, item

4(b), that is not included in columns C

through H, J or R (excluding loans that are

assigned a higher than 100 percent risk

weight, such as HVCRE loans and past due

loans). This item would include 1-4 family

construction loans and leases, held for

investment, reported in Schedule HC-C,

item 1(a)(1) and the portion of loans, held

for investment, secured by multifamily

residential property reported in Schedule

HC-C, item 1(d), with an original amount

of more than $1 million. Also include the

carrying value of loans and leases, held for

investment, that meet the definition of presold construction loan in §.2 of the regulatory capital rules that qualify for the 100

percent risk weight. Also include the portion of any loans and leases, held for

investment, not reported in Schedule HC-R,

Part II, items 5(a) through 5(c) above, that

is secured by collateral or has a guarantee

that qualifies for the 100 percent risk

weight.

• In columns R and S-Application of Other

Risk-Weighting Approaches, include the

portion of any loans and leases, held for

investment, including eligible margin loans,

reported in Schedule HC, item 4(b), that is

secured by qualifying financial collateral

that meets the definition of a securitization

exposure in §.2 of the regulatory capital

Schedule HC-R

HC-R-98 FR Y-9C

Schedule HC-R March 2021
rules or is a mutual fund only if the holding

company chooses to recognize the riskmitigating effects of the securitization exposure or mutual fund collateral under the

simple approach, or the collateral margin

approach for eligible margin loans, outlined in §.37 of the regulatory capital rules.

Under the simple approach, the risk weight

assigned to the collateralized portion of the

exposure may not be less than 20 percent.

o Include in column R the carrying value

of the portion of such a loan or lease,

held for investment, that is secured by

the fair value or adjusted fair value of

securitization exposure or mutual fund

collateral as determined under the simple

approach or the collateral haircut

approach, respectively; however, the

holding company must apply the same

approach for all eligible margin loans.

In addition, if the holding company

applies the simple approach, it must

apply the same approach to securitization exposure collateral - either the Simplified Supervisory Formula Approach

or the Gross-Up Approach - that it

applies to determine the risk-weighted

asset amounts of its on- and off-balance

sheet securitization exposures that are

reported in Schedule HC-R, Part II,

items 9 and 10.

o Report in column S the risk-weighted

asset amount of the securitization exposure or mutual fund collateral that collateralizes the portion of the loan or lease,

held for investment, that is secured by

such collateral. Any remaining portion

of the loan or lease exposure that is

uncollateralized or collateralized by

other qualifying collateral would be

reported in columns C through J, as

appropriate.

For further information, see the discussions of ‘‘Treatment of Collateral and

Guarantees’’ and ‘‘Risk-Weighted Assets

for Securitization Exposures’’ in the General Instructions for Schedule HC-R, Part II.

• All other loans and leases, held for investment, that must be risk weighted according

to the Country Risk Classification (CRC)

methodology

o In column C-0% risk weight; column

G-20% risk weight; column H-50% risk

weight; column I-100% risk weight; column J-150% risk weight. Assign these

exposures to risk weight categories based

on the CRC methodology described

above in the General Instructions for

Part II.

o The carrying value of other loans and

leases, held for investment, reported in

Schedule HC, item 4(b), that are not

reported in Schedule HC-R, Part II,

items 5(a) through 5(c) above.

6 LESS: Allowance for loan and lease losses.

Report in columns A and B the balance of the

allowance for loan and lease losses or the

allowance for credit losses on loans and

leases, as applicable, reported in Schedule

HC, item 4(c).

7 Trading assets. Report in column A the fair

value of trading assets reported in Schedule

HC, item 5, excluding those trading assets

that are securitization exposures, as defined in

§.2 of the regulatory capital rules.

The fair value of those trading assets reported

in Schedule HC, item 5, that qualify as securitization exposures must be reported in Schedule HC-R, Part II, item 9.c, column A. The

sum of Schedule HC-R, Part II, items 7 and

9(c), column A, must equal Schedule HC,

item 5.

If the holding company is subject to the

market risk capital rules, include in column B

the fair value of all trading assets that are

covered positions as defined in Schedule

HC-R, Part II, item 27 (except those trading

assets that are both securitization exposures

and covered positions, which are excluded

from column A of this item 7 and are to be

reported instead in Schedule HC-R, Part II,

item 9(c), column A). The holding company

Schedule HC-R

FR Y-9C HC-R-99

Schedule HC-R March 2019
will report its standardized market riskweighted assets in Schedule HC-R, Part II,

item 27.

For holding companies not subject to the

market risk capital rule and for those trading

assets reported in column A that are held by

holding companies subject to the market risk

capital rule and do not meet the definition of a

covered position:

• In column B, if the holding company completes Schedule HC-D, include the fair

value of derivative contracts that are

reported as assets in Schedule HC-D, item

11. If the holding company does not complete Schedule HC-D, include the portion

of the amount reported in Schedule HC,

item 5, that represents the fair value of

derivative contracts that are assets. Exclude

from column B those derivative contracts

reported in these items that qualify as

securitization exposures. For purposes of

risk weighting, include the credit equivalent amounts of these derivatives, determined in accordance with the regulatory

capital rules, in the risk weight categories

in Schedule HC-R, Part II, items 20 and 21,

as appropriate. Do not risk weight these

derivatives in this item.

In column B for non-advanced approaches

holding companies, include the amount of:

o Investments in the capital of unconsolidated financial institutions that are

reported in Schedule HC, item 5, and

have been deducted from capital in

Schedule HC-R, Part I, item 13.a, 17,

24, and item 43.

In column B for advanced approaches holding companies include the amount of:

o Non-significant investments in the capital and covered debt instruments of

unconsolidated financial institutions that

are reported in Schedule HC, item 5,

and have been deducted from capital in

Schedule HC-R, Part I, item 11, item 17,

item 24, and item 43.

o Investments in nonqualifying excluded

covered debt instruments that are

reported in Schedule HC, item 5, and

have been deducted from capital in

Schedule HC-R, Part I, item 17, item 24

and item 43.

o Significant investments in the capital

and covered debt instruments of unconsolidated financial institutions not in the

form of common stock that are reported

in Schedule HC, item 5, and have been

deducted from capital in Schedule HC-R,

Part I, item 17, item 24 and item 43.

o Significant investments in the capital of

unconsolidated financial institutions in

the form of common stock reported in

Schedule HC, item 5, that are subject to

the 10 percent and 15 percent common

equity tier 1 capital threshold limitations

and have been deducted for risk-based

capital purposes in Schedule HC-R,

Part I, items 13.b and 16, column B.

Also include in column B the fair value of

any unsettled transactions (failed trades)

that are reported as trading assets in Schedule HC, item 5. For purposes of risk weighting, unsettled transactions are to be reported

in Schedule HC-R, Part II, item 22.

• In column C-0% risk weight, if the holding

company completes Schedule HC-D,

include the fair value of those trading

assets reported in Schedule HC-D that do

not qualify as securitization exposures that

qualify for the zero percent risk weight.

Such trading assets may include portions

of, but may not be limited to:

o Item 1, ‘‘U.S. Treasury securities’’

o The portion of the amount reported in

item 2 that represents the fair value of

securities issued by U.S. Government

agencies, and

o The portion of the amounts reported in

item 4, (column A) that represents the

fair value of mortgage-backed securities

guaranteed by GNMA.

Schedule HC-R

HC-R-100 FR Y-9C

Schedule HC-R June 2021
o If the holding company does not complete Schedule HC-D, include the portion of the amount reported in Schedule

HC, item 5, that represents the fair value

of the preceding types of securities.

Exclude those trading assets reported in

Schedule HC, item 5, that qualify as

securitization exposures and report them

in Schedule HC-R, Part II, item 9(c).

o Include the fair value of assets purchased through the Money Market

Mutual Fund Liquidity Facility that are

held for trading.

o Also include the portion of the fair value

of any trading assets that is secured by

collateral or has a guarantee that qualifies for the zero percent risk weight.

This would include U.S. Small Business

Administration Paycheck Protection Program loans and the portion of trading

assets collateralized by deposits at the

reporting institution.

• In column G-20% risk weight, if the holding company completes Schedule HC-D,

include the fair value of those trading

assets reported in Schedule HC-D that do

not qualify as securitization exposures that

qualify for the 20 percent risk weight. Such

trading assets may include portions of, but

may not be limited to:

o The portion of the amount reported in

item 2 that represents the fair value of

securities issued by U.S. Governmentsponsored agencies,

o The portion of the amount reported in

item 3 that represents the fair value of

general obligations issued by states and

political subdivisions in the U.S.,

o The portion of the amount reported in

item 4 that represents the fair value of

mortgage-backed securities issued by

FNMA and FHLMC,

o The fair value of those asset-backed

securities, structured financial products,

and other debt securities reported in

item 5, ‘‘Other debt securities,’’ that

represent exposures to U.S. depository

institutions,

o The portion of the amount reported in

item 6(d), ‘‘Other loans,’’ that represents

loans to and acceptances of U.S. depository institutions, and

o The portion of the amount reported in

item 9, ‘‘Other trading assets,’’ that represents the fair value of certificates of

deposit.

o If the holding company does not complete Schedule HC-D, include the portion of the amount reported in Schedule

HC, item 5, that represents the fair value

of the preceding types of trading assets.

Exclude those trading assets reported in

Schedule HC, item 5, that qualify as

securitization exposures and report them

in Schedule HC-R, Part II, item 9(c).

o Also include the portion of the fair value

of any trading assets that is secured by

collateral or has a guarantee that qualifies for the 20 percent risk weight. This

would include the portion of trading

assets covered by FDIC loss-sharing

agreements.

• In column H-50% risk weight, if the holding company completes Schedule HC-D,

include the fair value of those trading

assets reported in Schedule HC-D that do

not qualify as securitization exposures

reported in HC-D that qualify for the

50 percent risk weight. Such trading assets

may include portions of, but may not be

limited to:

o The portion of the amount reported in

item 3 that represents the fair value of

revenue obligations issued by states and

political subdivisions in the U.S., and

o The fair value of those mortgage-backed

securities reported in item 4, ‘‘Mortgagebacked securities.’’

o If the holding company does not complete Schedule HC-D, include the portion of the amount reported in Schedule

Schedule HC-R

FR Y-9C HC-R-101

Schedule HC-R March 2021
HC, item 5, that represents the fair value

of the preceding types of trading assets.

Exclude those trading assets reported in

Schedule HC, item 5, that qualify as

securitization exposures and report them

in Schedule HC-R, Part II, item 9(c).

o Also include the portion of the fair value

of any trading assets that is secured by

collateral or has a guarantee that qualifies for the 50 percent risk weight.

• In column I-100% risk weight, if the holding company completes Schedule HC-D,

include the fair value of those trading

assets reported in Schedule HC-D that do

not qualify as securitization exposures that

qualify for the 100 percent risk weight.

Such trading assets may include portions

of, but may not be limited to:

o The fair value of those mortgage-backed

securities reported in item 4, ‘‘Mortgagebacked securities,’’ and

o Item 5, “Other debt securities,” that

represent exposures to corporate entities

and special purpose vehicles (SPVs).

o If the holding company does not complete Schedule HC-D, include the portion of the amount reported in Schedule

HC, item 5, that represents the fair value

of the preceding types of trading assets.

Exclude those trading assets reported in

Schedule HC, item 5, that qualify as

securitization exposures and report them

in Schedule HC-R, Part II, item 9(c).

o Also include the portion of the fair value

of any trading assets that is secured by

collateral or has a guarantee that qualifies for the 100 percent risk weight.

o Also include the fair value of trading

assets reported in Schedule HC, item 5,

that is not included in columns C through

N and R. Exclude those trading assets

reported in Schedule HC, item 5, that

qualify as securitization exposures and

report them in Schedule HC-R, Part II,

item 9(c).

o For non-advanced approaches holding

companies, also include the fair value of

publicly traded and not publicly traded

equity exposures and equity exposures

to investment funds (including mutual

funds) reported in Schedule HC, item 5,

to the extent that the aggregate carrying

value of the holding company’s equity

exposures does not exceed 10 percent of

total capital. If the holding company’s

aggregate carrying value of equity exposures is greater than 10 percent of total

capital, the holding company must report

its trading equity exposures in columns L, M, or N, as appropriate.

o For advanced approaches holding companies, also include the fair value of

non-significant equity exposures

reported in Schedule HC, item 5, to the

extent that the aggregate carrying value

of the exposures does not exceed 10 percent of total capital. To utilize this risk

weight, the holding company must

aggregate the following equity exposures: unconsolidated small business

investment companies or held through

consolidated small business investment

companies; publicly traded (including

those held indirectly through mutual

funds or other investment funds); and

non-publicly traded (including those held

indirectly through mutual funds or other

investment funds).

• In column J-150% risk weight, include:

o The exposure amounts of trading assets

reported in Schedule HC, item 5, that

are past due 90 days or more or in

nonaccrual status (except sovereign

exposures), excluding those portions that

are covered by qualifying collateral or

eligible guarantees as described in §.37

and §.36, respectively, of the regulatory

capital rules.

o The fair value of high volatility commercial real estate exposures, as defined in

§.2 of the regulatory capital rules,

Schedule HC-R

HC-R-102 FR Y-9C

Schedule HC-R June 2020
included in Schedule HC, item 5, excluding those portions that are covered by

qualifying collateral or eligible guarantees as described in §.37 and §.36,

respectively, of the regulatory capital

rules.

• In column K-250% risk weight, for

advanced approaches holding companies

only, if the holding company completes

Schedule HC-D, include the fair value of

those trading assets reported in Schedule

HC-D, item 9, that do not qualify as securitization exposures that represents exposures that are significant investments in the

common stock of unconsolidated financial

institutions that are not deducted from capital. For further information on the treatment of equity exposures, refer to §.51

to .53 of the regulatory capital rules. If the

holding company does not complete Schedule HC-D, include the portion of the amount

reported in Schedule HC, item 5, that represents the fair value of the preceding types

of trading assets.

• In column L-300% risk weight, if the holding company completes Schedule HC-D,

include the fair value of those trading

assets reported in Schedule HC-D, item 9,

that do not qualify as securitization exposures that represents publicly traded equity

securities with readily determinable fair

values (NOTE: Certain investments in

mutual funds reported in Schedule HC-D,

item 9, may be risk-weighted using the

simple risk-weight and look-through

approaches as described in §.51 to .53 of

the regulatory capital rules). If the holding

company does not complete Schedule

HC-D, include the portion of the amount

reported in Schedule HC, item 5, that represents the fair value of the preceding types

of trading assets.

• In column M-400% risk weight, if the

holding company completes Schedule

HC-D, include the fair value of those trading assets reported in Schedule HC-D, item

9, that do not qualify as securitization

exposures that represent equity securities

(other than those issued by investment

firms) that do not have readily determinable fair values. If the holding company

does not complete Schedule HC-D, include

the portion of the amount reported in

Schedule HC, item 5, that represents the

fair value of the preceding type of trading

assets.

• In column N-600% risk weight, if the holding company completes Schedule HC-D,

include the fair value of those trading

assets reported in Schedule HC-D, item 9,

that do not qualify as securitization exposures that represent equity exposures to

investment firms. If the holding company

does not complete Schedule HC-D, include

the portion of the amount reported in

Schedule HC, item 5, that represents the

fair value of the preceding type of trading

assets.

• In columns R and S-Application of Other

Risk-Weighting Approaches, include the

portion of any trading assets reported in

Schedule HC, item 5, that is secured by

qualifying financial collateral that meets

the definition of a securitization exposure

in §.2 of the regulatory capital rules or is a

mutual fund only if the holding company

chooses to recognize the risk-mitigating

effects of the securitization exposure or

mutual fund collateral under the simple

approach outlined in §.37 of the regulatory

capital rules. Under the simple approach,

the risk weight assigned to the collateralized portion of the exposure may not be

less than 20 percent.

o Include in column R the fair value of the

portion of a trading asset that is secured

by the fair value of securitization exposure or mutual fund collateral that meets

the general requirements of the simple

approach in §.37. In addition the holding company must apply the same

approach to securitization exposure collateral - either the Simplified Supervisory Formula Approach or the Gross-up

Schedule HC-R

FR Y-9C HC-R-103

Schedule HC-R June 2020
Approach - that it applies to determine

the risk-weighted asset amounts of its

on- and off-balance sheet securitization

exposures that are reported in Schedule

HC-R, Part II, items 9 and 10.

o Report in column S the risk-weighted

asset amount of the securitization exposure or mutual fund collateral that collateralizes the portion of the trading asset

secured by such collateral. Any remaining portion of the trading asset that is

uncollateralized or collateralized by

other qualifying collateral would be

reported in columns C through J.

For further information, see the discussions of ‘‘Treatment of Collateral and

Guarantees’’ and ‘‘Risk-Weighted Assets

for Securitization Exposures’’ in the General Instructions for Schedule HC-R, Part II.

• In columns R and S-Application of Other

Risk-Weighting Approaches, also include

the holding company’s equity exposures to

investment funds (including mutual funds)

reported as trading assets in Schedule HC,

item 5, if the aggregate carrying value of

the holding company’s equity exposures is

greater than 10 percent of total capital.

Report in column R the exposure amount

of these equity exposures to investment

funds. Report in column S the riskweighted asset amount of these equity

exposures to investment funds as measured

under the full look-through approach, the

simple modified look-through approach, or

the alternative modified look-through

approach as described in §.53 of the regulatory capital rules. All three of these

approaches require a minimum risk weight

of 20 percent. For further information,

refer to the discussion of ‘‘Treatment of

Equity Exposures’’ in the General Instructions for Schedule HC-R, Part II.

• Trading assets that must be risk-weighted

according to the Country Risk Classification (CRC) methodology

o In column C-0% risk weight; column

G-20% risk weight; column H-50% risk

weight; column I-100% risk weight; column J-150% risk weight. Assign these

exposures to risk weight categories based

on the CRC methodology described

above in the General Instructions for

Part II. Include the portions of those

exposures reported in Schedule HC-D

that are directly and unconditionally

guaranteed by foreign central governments or are exposures on foreign banks

that do not qualify as securitization

exposures. Such exposures may include

portions of, but may not be limited to:

o The fair value of those mortgage-backed

securities reported in Schedule HC-D,

item 4, ‘‘Mortgage-backed securities,’’

and

o Other debt securities reported in Schedule HC-D item 5, ‘‘Other debt securities,’’ issued by foreign banks and foreign sovereign units.

o If the holding company does not complete Schedule HC-D, include the portion of the amount reported in Schedule

HC, item 5, that represents the fair value

of the preceding types of trading assets.

Exclude those trading assets reported in

Schedule HC, item 5, that qualify as

securitization exposures and report them

in Schedule HC-R, Part II, item 9(c).

8 All other assets. Report in column A the sum

of the amounts reported in Schedule HC, item

6, ‘‘Premises and fixed assets’’; item 7, ‘‘Other

real estate owned’’; item 8, ‘‘Investments in

unconsolidated subsidiaries and associated

companies’’; item 9, ‘‘Direct and indirect

investments in real estate ventures’’; item 10,

‘‘Intangible assets;’’ and item 11, ‘‘Other

assets,’’ excluding those assets reported in

Schedule HC, items 6 through 11, that qualify

as securitization exposures as defined in §.2

of the regulatory capital rules. The amount of

those assets reported in Schedule HC, items 6

through 11, that qualify as securitization

exposures must be reported in Schedule HC-R,

Part II, item 9(d), column A.

Schedule HC-R

HC-R-104 FR Y-9C

Schedule HC-R September 2015
The sum of Schedule HC-R, Part II, item 8,

columns B through R (including items 8(a)

and 8(b), column R), must equal Schedule

HC-R, Part II, item 8, column A. Amounts

reported in Schedule HC-R, Part II items 8(a)

and 8(b), column R, should not also be

reported in Schedule HC-R Part II, item 8

column R.

Treatment of Defined Benefit Postretirement

Plan Assets - Applicable Only to Holding

Companies That Have Made the Accumulated

Other Comprehensive Income (AOCI) OptOut Election in Schedule HC-R, Part I,

item 3(a)

If the reporting holding company sponsors a

single-employer defined benefit postretirement plan, such as a pension plan or health

care plan, accounted for in accordance with

ASC Subtopic 715-20, CompensationRetirement Benefits - Defined Benefit PlansGeneral (formerly FASB Statement No. 158,

‘‘Employers’ Accounting for Defined Benefit

Pension and Other Postretirement Plans’’), the

holding company should adjust the asset

amount reported in column A of this item for

any amounts included in Schedule HC, item

26(b), ‘‘Accumulated other comprehensive

income’’, affecting assets as a result of the

initial and subsequent application of the funded

status and measurement date provisions of

ASC Subtopic 715-20. The adjustment also

should take into account subsequent amortization of these amounts from AOCI into earnings. The intent of the adjustment reported in

this item (together with the amount reported

in Schedule HC-R, Part I, item 9(d)) is to

reverse the effects on AOCI of applying ASC

Subtopic 715-20 for regulatory capital purposes. Specifically, assets recognized or derecognized as an adjustment to AOCI as part of

the incremental effect of applying ASC Subtopic 715-20 should be reported as an adjustment to assets in column B of this item. For

example, the derecognition of an asset

recorded as an offset to AOCI as part of the

initial incremental effect of applying ASC

Subtopic 715-20 should be reported in this

item as a negative amount in column B and as

a positive amount in column I. As another

example, the portion of a benefit plan surplus

asset that is included in Schedule HC,

item 26(b), as an increase to AOCI and in

column A of this item should be excluded

from risk-weighted assets by reporting the

amount as a positive number in column B of

this item.

• For all holding companies: In column B,

include the amount of:

o Any goodwill reported in Schedule

HC-M, item 12.b, without regard to any

associatedDTLs;

o Intangible assets (other than goodwill

and mortgage servicing assets (MSAs))

reported as a deduction from common

equity tier 1 capital in Schedule HC-R,

Part I,item 7, without regard to any

associated DTLs;

o Deferred tax assets (DTAs) that arise

from net operating loss and tax creditcarryforwards, net of any related valuation allowances and net of DTLs reported

inSchedule HC-R, Part I, item 8;

o The fair value of over-the-counter

derivative contracts (as defined in §.2 of

theregulatory capital rules) and derivative contracts that are cleared transactions (asdescribed in §.2 of the regulatory capital rules) that are reported as

assets inSchedule HC, item 11 (banks

should risk weight the credit equivalent

amount ofthese derivative contracts in

Schedule HC-R, Part II, item 20 or 21,

as appropriate);

• Note: The fair value of derivative

contracts reported as assets in Schedule HC, item 11, that are neither overthe-counter derivative contracts nor

derivative contracts that are cleared

transactions under §.2 of the regulatory capital rules should not be

reported in column B. Such derivative

contracts include written option contracts, including so-called “derivative

loan commitments,” i.e., a lender’s

Schedule HC-R

FR Y-9C HC-R-105

Schedule HC-R March 2020
commitment to originate a mortgage

loan that will be held for resale. The

fair value of such derivative contracts

should be reported in the appropriate

risk-weight category in this item 8;

and

• Unsettled transactions (failed trades)

that are reported as “Other assets” in

Schedule HC, item 11. For purposes

of risk weighting, unsettled transactions are to be reported in Schedule

HC-R, Part II, item 22.

• For non-advanced approaches holding

companies: In column B, include the

amount of:

o Investments in the capital of unconsolidated financial institutions that are

reported in Schedule HC, item 8 or

item 11, and have been deducted from

capital in Schedule HC-R, Part I,

item 13.a, item 24, and item 43; and

o Items subject to the 25 percent common

equity tier 1 capital threshold limitationsthat have been deducted for risk-based

capital purposes in Schedule HC-R,

Part I, items 13 through 15. These

excess amounts pertain to three items:

• Investments in the capital of unconsolidated financial institutions;

• MSAs; and

• DTAs arising from temporary differences that could not be realized

through netoperating loss carrybacks,

net of related valuation allowances.

• For advanced approaches holding companies: In column B, also include the amount

of:

o Non-significant investments in the capital and covered debt instruments of

unconsolidated financial institutions that

are reported in Schedule HC, item 8 or

item 11, and have been deducted from

capital in Schedule HC-R, Part I, item 11,

item 17, item 24, and item 43;

o Investments in nonqualifying excluded

covered debt instruments that are

reported in Schedule HC, item 8 or

item 11, and have been deducted from

capital in Schedule HC-R, Part I, item 17,

item 24, and item 45;

o Significant investments in the capital

and covered debt instruments of unconsolidated financial institutions not in the

form of common stock that are reported

in Schedule HC, item 8 or item 11, and

have been deducted from capital in

Schedule HC-R, Part I, item 17, item 24,

and item 43; and

o Items subject to the 10 percent and

15 percent common equity tier 1 capital

threshold limitations that have been

deducted for risk-based capital purposes

in Schedule HC-R, Part I, items 13

through 16. These excess amounts pertain to three items:

• Significant investments in the capital

of unconsolidated financial institutions in the form of common stock;

• MSAs; and

• DTAs arising from temporary differences that could not be realized

through net operating loss carrybacks, net of related valuation allowances.

A holding company that has adopted

CECL includes the relevant portion

(reflected as a negative number) related

to all other assets of Schedule HI-B, Part

II, Memorandum item 6, “Allowance for

credit losses on other financial assets

measured at amortized cost,” less Schedule HC-R, part II, Memorandum

item 5(c), “Amount of allowances for

credit losses on purchased credit deteriorated assets: Other financial assets measured at amortized cost.” For example, if

a firm reports $100 in Schedule HI-B,

Part II, Memorandum item 6, and $10 in

Schedule HC-R, part II, Memorandum

Schedule HC-R

HC-R-106 FR Y-9C

Schedule HC-R June 2021
item 5(c), the firm would report ($90) in

this column B.

A holding company that has adopted

CECL and has elected to apply the 3-year

CECL transition provision (3-year CECL

electing holding company) should report

as a positive number in column the

amount by which it has decreased its

DTAs arising from temporary differences

for its applicable DTA transitional amount

from temporary difference DTAs, in

accordance with section 301 of the regulatory capital rules. Specifically, a 3-year

CECL electing institution reduces its

temporary difference DTAs by 75 percent of its DTA transitional amount during the first year of the transition period,

50 percent of its DTA transitional amount

during the second year of the transition

period, and 25 percent of its DTA transitional amount during the third year of the

transition period.

A holding company that has adopted

CECL and has elected to apply the 5-year

2020 CECL transition provision (5-year

CECL electing holding company) should

report as a positive number in column B

the amount by which it has decreased its

DTAs arising from temporary differences

for its applicable DTA transitional amount

in accordance with section 301 of the

regulatory capital rules. Specifically, a

5-year CECL electing holding company

reduces its temporary difference DTAs

by 100 percent of its DTA transitional

amount during the first and second years

of the transition period, 75 percent of its

DTA transitional amount during the third

year of the transition period, 50 percent

of its DTA transitional amount during the

fourth year of the transition period, and

25 percent of its DTA transitional amount

during the fifth year of the transition

period.

Report as a negative number in column B

the amount of default fund contributions in

the form of commitments made by a clearing member to a central counterparty’s

mutualized loss sharing arrangement.

• In column C-0% risk weight, include:

o The carrying value of Federal Reserve

Bank stock included in Schedule HC-F,

item 4;

o Accrued interest receivable on assets

included in the zero percent risk weight

category (column C of Schedule HC-R,

Part II, items 1 through 7);

o The carrying value of gold bullion not

held for trading that is held in the holding company’s own vault or in another

holding company’s or bank’s vault on

an allocated basis, and exposures that

arise from the settlement of cash transactions (such as equities, fixed income,

spot foreign exchange, and spot commodities) with a central counterparty

where there is no assumption of ongoing

credit risk by the central counterparty

after settlement of the trade and associated default fund contributions; and

o The portion of assets reported in Schedule HC, items 6 through 11, that is

secured by collateral or has a guarantee

that qualifies for the zero percent risk

weight. This would include the portion

of these assets collateralized by deposits

in the reporting institution.

• In column G-20% risk weight, include:

o The carrying value of Federal Home

Loan Bank stock included in Schedule

HC-F, item 4;

o Accrued interest receivable on assets

included in the 20 percent risk weight

category (column G of Schedule HC-R,

Part II, items 1 through 7);

o The carrying value of assets purchased

through the Money Market Mutual Fund

Liquidity Facility that are reported in

Schedule HC, item 11;

o The portion of customers’ acceptance

liability reported in Schedule HC, item

Schedule HC-R

FR Y-9C HC-R-107

Schedule HC-R March 2021
11, that has been participated to other

depository institutions; and

o The portion of assets reported in Schedule HC, items 6 through 11, that is

secured by collateral or has a guarantee

that qualifies for the 20 percent risk

weight. This would include the portion

of these assets covered by FDIC losssharing agreements.

• In column H-50% risk weight, include

accrued interest receivable on assets

included in the 50 percent risk weight

category (column H of Schedule HC-R,

Part II, items 1 through 7). Also include the

portion of assets reported in Schedule HC,

items 6 through 11, that is secured by

collateral or has a guarantee that qualifies

for the 50 percent risk weight.

• In column I-100% risk weight, include:

o Accrued interest receivable on assets

included in the 100 percent risk weight

category (column I of Schedule HC-R,

Part II, items 1 through 7);

o The amount of all other assets reported

in column A that is not included in

columns B through N or R.

o Publicly traded and not publicly equity

exposures, equity exposures without

readily determinable fair values, and

equity exposures to investment funds, to

the extent that the aggregate carrying

value of the holding company’s equity

exposures does not exceed 10 percent of

total capital. If the holding company’s

aggregate carrying value of equity exposures is greater than 10 percent of total

capital, the holding company must report

its equity exposures reported in Schedule HC, items 6 through 11 in either

columns L, M, or N, as appropriate; and

o The portion of assets reported in Schedule HC, items 6 through 11, that is

secured by collateral or has a guarantee

that qualifies for the 100 percent risk

weight.

• In column J-150% risk weight, include

accrued interest receivable on assets

included in the 150 percent risk weight

category (column J of Schedule HC-R, Part

II, items 1 through 7). Also include the

portion of assets reported in Schedule HC,

items 6 through 11, that is secured by

collateral or has a guarantee that qualifies

for the 150 percent risk weight.

• In column K-250% risk weight, include the

amounts of items that do not exceed the

applicable common equity tier 1 capital

deduction thresholds and are in-cluded in

capital, as described in §.22 of the regulatory capital rules. These amounts pertain to

three items:

o Significant investments in the capital of

unconsolidated financial institutions in

the form of common stock (advanced

approaches holding companies only);

o MSAs (all holding companies); and

o DTAs arising from temporary differences that could not be realized through

net operating loss carrybacks, net of

related valuation allowances (all holding

companies).

• In column L-300% risk weight, include the

fair value of publicly traded equity securities with readily determinable fair values

that are reported in Schedule HC, items 8

and 9.

• In column M-400% risk weight, include

the historical cost of equity securities (other

than those issued by investment firms) that

do not have readily determinable fair values that are reported in Schedule HC-F,

item 4.

• In column N-600% risk weight, include the

historical cost of equity securities issued by

investment firms that do not have readily

determinable fair values that are reported

in Schedule HC-F, item 4.

• In columns R and S of item 8-Application

of Other Risk-Weighting Approaches,

include the portion of any asset reported in

Schedule HC-R

HC-R-108 FR Y-9C

Schedule HC-R June 2020
Schedule HC, items 6 through 11, (except

separate account bank-owned life insurance and default fund contributions to central counterparties, which are to be reported

in columns R and S of item 8(a) and 8(b)

respectively), that is secured by qualifying

financial collateral that meets the definition

of a securitization exposure in §.2 of the

regulatory capital rules or is a mutual fund

only if the holding company chooses to

recognize the risk-mitigating effects of the

securitization exposure or mutual fund collateral under the simple approach outlined

in §.37 of the regulatory capital rules.

Under the simple approach, the risk weight

assigned to the collateralized portion of the

exposure may not be less than 20 percent.

o Include in column R the carrying value

of the portion of an asset that is secured

by the fair value of securitization exposure or mutual fund collateral that meets

the general requirements of the simple

approach in §.37.

o In addition, the holding company must

apply the same approach to securitization exposure collateral - either the Simplified Supervisory Formula Approach

or the Gross-up Approach - that it applies

to determine the risk-weighted asset

amounts of its on- and off-balance sheet

securitization exposures that are reported

in Schedule HC-R, Part II, items 9 and

10.

o Report in column S the risk-weighted

asset amount of the securitization exposure or mutual fund collateral that collateralizes the portion of the asset secured

by such collateral. Any remaining portion of the asset that is uncollateralized

or collateralized by other qualifying collateral would be reported in columns C

through J.

For further information, see the discussions

of “Treatment of Collateral and Guarantees” and “Risk-Weighted Assets for Securitization Exposures” in the General Instructions for Schedule HC-R, Part II.

• In columns R and S of item 8-Application

of Other Risk-Weighting Approaches, also

include the holding company’s equity exposures to investment funds (including mutual

funds) reported in Schedule HC, item 8 or

11 (except separate account bank-owned

life insurance and default fund contributions to central counterparties, which are to

be reported in columns R and S of item

8(a) and 8(b) respectively), if the aggregate

carrying value of the holding company’s

equity exposures is greater than 10 percent

of total capital. Report in column R the

exposure amount of these equity exposures

to investment funds. Report in column S

the risk-weighted asset amount of these

equity exposures to investment funds as

measured under the full look-through

approach, the simple modified lookthrough approach, or the alternative modified look-through approach as described in

§.53 of the regulatory capital rules. All

three of these approaches require a minimum risk weight of 20 percent. For further

information, refer to the discussion of

‘‘Treatment of Equity Exposures’’ in the

General Instructions for Schedule HC-R,

Part II.

• In columns R and S of item 8.a-Separate

Account Bank-Owned Life Insurance,

include the holding company’s investments

in separate account life insurance products,

including hybrid separate account life insurance products. Exclude from columns R

and S any investment in bank-owned life

insurance that is solely a general account

insurance product (report such general

account insurance products in column I-100

percent risk weight). Report in column R

the carrying value of the holding company’s investments in separate account life

insurance products, including hybrid separate account products. Report in column S

the risk-weighted asset amount of these

insurance products. When a holding company has a separate account policy, the

portion of the carrying value that represents general account claims on the insurer,

Schedule HC-R

FR Y-9C HC-R-109

Schedule HC-R March 2020
including items such as deferred acquisition costs (DAC) and mortality reserves

realizable as of the balance sheet date and

any portion of the carrying value attributable to a Stable Value Protection (SVP)

contract, these amounts should be risk

weighted at the 100 percent risk weight as

claims on the insurer or the SVP provider.

The remaining portion of the investment in

separate account life insurance products is

an equity exposure to an investment fund

that should be measured under the full

look-through approach, the simple modified look-through approach, or the alternative modified look-through approach, all

three of which require a minimum risk

weight of 20 percent. For further information, refer to the discussion of ‘‘Treatment

of Equity Exposures’’ in the General

Instructions for Schedule HC-R, Part II.

• In columns R and S of item 8.b-Default

Fund Contributions to Central Counterparties

Note: Item 8(b) only applies to holding

companies that are clearing members, and

therefore will not be applicable to the vast

majority of holding companies. Holding

companies must report the aggregate

on-balance sheet amount of default fund

contributions to central counterparties

(CCPs) in column A. Holding companies

must report the aggregate off-balance sheet

amount, if any, of default fund contributions to central counterparties as a negative

amount in column B of item 8. Holding

companies must report the aggregate onand off-balance sheet amount of such contributions in column R. See §.35(d) of the

regulatory capital rules for more details.

Clearing Member holding companies must

report in column S the total amount of

risk-weighted assets (RWAs) for a clearing

member holding company’s default fund

contributions to central counterparties. This

will be the sum of:

o Component A: the sum of risk-weighted

assets for a clearing member holding

company’s default fund contributions to

all non-qualifying CCPs; and,

o Component B: the sum of risk-weighted

assets for a clearing member holding

company’s default fund contributions to

all qualifying central counterparties

(QCCPs).

Report the sum of Components A and B in

Schedule HC-R, Part II, item 8(b), column S.

Component A: risk-weighted asset amount

for default fund contributions to nonqualifying CCPs

As required by §.35(d)(2) of the regulatory

capital rules, a clearing member holding

company’s risk-weighted asset amount for

default fund contributions to CCPs that are

not QCCPs equals the sum of such default

fund contributions multiplied by 1,250 percent, or an amount determined by the holding company’s federal supervisor based on

factors such as size, structure and membership characteristics of the CCP and riskiness of its transactions, in cases where such

default fund contributions may be unlimited. Therefore, unless otherwise advised

by its supervisor or through agency-issued

guidance, a holding company will sum

each of its non-QCCP default fund contributions, and multiply the total by 1,250

percent, and add any additional riskweighted asset amount determined by the

agency, if any. This will be Component A

above.

Component B: risk-weighted asset amount

for default fund contributions to QCCPs

A clearing member holding company’s

risk-weighted asset amount for default fund

contributions to QCCPs equals the sum of

its capital requirement, KCM for each

QCCP, as calculated under the methodology set forth §.35(d)(3) or §.133(d) of the

regulatory capital rules.

When a holding company uses CEM to

determine the risk-weighted asset of its

default fund contributions, the regulatory

Schedule HC-R

HC-R-110 FR Y-9C

Schedule HC-R March 2016
capital rule provides two methods to determine the capital requirement for a clearing

member holding company’s default fund

contributions to a QCCP. A clearing member holding company may use either

method. A clearing member holding company’s risk-weighted asset amount for

default fund contributions to a QCCP equals

the sum of its capital requirement, KCM,

for each QCCP as calculated under

Method 1 multiplied by 1,250 percent, or

under Method 2.

Method 1: The holding company calculates

the capital charge for a clearing member in

a 3-step process, depending on the funded

status of the QCCP. The process is summarized briefly below:

• Step 1: The holding company must calculate the hypothetical capital requirement

of all the trades conducted through the

QCCP as if the QCCP were a bank. This

depends on the type of trade and netting

sets with each counterparty. Alternately,

the QCCP may provide this number to

the clearing member.

• Step 2: The holding company compares

the hypothetical capital requirement (calculated in Step 1) to the funded default

fund of the QCCP to include the internally funded resources of the QCCP. This

step determines the aggregate capital

requirement for all clearing members

assuming a default of two average clearing members.

• Step 3: The aggregate capital requirement of all clearing members (assuming

the default of two members) is then

allocated back to the individual clearing

member firm and converted to a riskweighted asset amount.

Using the 3-step process and formulas provided in the regulatory capital rules, the

holding company will determine a dollar

capital requirement for its default fund

contribution for each QCCP (KCMi). The

holding company must then multiply each

KCMi by 1,250 percent to calculate the

risk-weighted asset amount. The holding

company must sum the RWAs calculated

for each QCCP default fund contribution to

produce a total RWA amount for all QCCP

default fund contributions for which the

holding company uses this method. For

example, the total RWA amount for a holding company with default fund contributions to two QCCPs will be the sum of

KCMi for QCCP A and KCMi for QCCP

B. This sum will be included in Component

B above for all QCCPs for which the

holding company uses method 1.

Method 2: Under Method 2, the risk

weighted assets for a clearing member’s

default fund contribution is the minimum

of:

• 1,250 percent times the holding company’s funded contributions to the QCCP

default fund, or,

• 18 percent times the total trade exposures

of the member to the QCCP.

A holding company will make this calculation for each QCCP for which it uses

Method 2. The sum of RWAs for all QCCP

contributions for which the holding company uses Method 2 will be included in

Component B above.

When a holding company SA-CCR to

determine the risk-weighted asset amount

of its default fund contributions, the regulatory capital rules provide that a clearing

member holding company first calculates

the hypothetical capital requirement of the

QCCP (KCCP), unless the QCCP has

already disclosed it, in which case the

holding company must rely on that disclosed figure. In either case, a holding

company may choose to use a higher amount

of KCCP than the minimum calculated

under the formula or disclosed by the

QCCP if the holding company has concerns about the nature, structure, or characteristics of the QCCP.

For purposes of calculating KCCP, the PFE

multiplier includes collateral held by a

Schedule HC-R

FR Y-9C HC-R-111

Schedule HC-R March 2020
QCCP in which the QCCP has a legal claim

in the event of the default of the member or

client, including default fund contributions

of that member. In addition, the QCCP

must use a margin period of risk of 10 days

in the maturity factor. The component EADi

includes both the clearing member holding

company’s own transactions, the client

transactions guaranteed by the clearing

member, and all values of collateral held by

the QCCP (including the clearing member

holding company’s pre-funded default fund

contributions) against these transactions.

Notwithstanding §.133(d)(5) and (6)(ii) of

the regulatory capital rules, with the prior

approval of the regulator, a holding company may rely on a hypothetical capital

requirement of a QCCP based on a methodology other than SA-CCR for calculating

the exposure amount of a clearing member

of a QCCP to the QCCP.

A holding company that elects to use

SA-CCR is allowed to continue to use

method 1 or method 2 in under CEM to

calculate the risk-weighted asset amount

for default fund contributions until January 1, 2022.

• The portion of Schedule HC, items 6

through 11, that must be risk-weighted

according to the Country Risk Classification (CRC) methodology:

o In column C-0% risk weight; column

G-20% risk weight; column H-50% risk

weight; column I-100% risk weight; column J-150% risk weight. Assign these

exposures to risk weight categories based

on the CRC methodology described

above in the General Instructions for

Part II. Include the portions of those

exposures described above in the instructions for Schedule HC-R, Part II, item 8

that are exposures on sovereigns or foreign banks that do not qualify as securitization exposures.

9 On-balance sheet securitization exposures.

When determining the amount of riskweighted assets for securitization exposures,

holding companies that are not subject to the

market risk capital rule may elect to use either

the Simplified Supervisory Formula Approach

(SSFA) or the Gross-Up Approach, as

described above and in §.41 to 45 of the

regulatory capital rules. However, such holding companies must use the SSFA or Gross-Up

Approach consistently across all securitization exposures (Schedule HC-R, Part II, items

9(a) through 10). Holding companies may

risk weight any individual securitization exposure at 1,250 percent in lieu of applying the

SSFA or Gross-Up Approach to that individual exposure.

Holding companies subject to the market risk

capital rule must use the SSFA when determining the amount of risk-weighted assets for

securitization exposures.

For further information, refer to the discussion of ‘‘Risk-Weighted Assets for Securitization Exposures’’ in the General Instructions

for Schedule HC-R, Part II.

9(a) Held-to-maturity securities. Report in column A the amount of held-to-maturity (HTM)

securities reported in Schedule HC, item 2(a),

that qualify as securitization exposures as

defined in §.2 of the regulatory capital rules.

Refer to the instructions for Schedule HC-R,

Part II, item 2(a), for a summary of the

reporting locations of HTM securitization

exposures.

Exposure amount to be used for purposes of

risk weighting - holding company cannot or

has not made the Accumulated Other Comprehensive Income (AOCI) opt-out election in

Schedule HC-R, Part I, item 3(a):

For a security classified as held-to-maturity

where the holding company cannot or has not

made the AOCI opt-out election (i.e., most

AOCI is included in regulatory capital), the

exposure amount to be risk weighted by the

holding company is the carrying value of the

security, which is the value of the asset

reported on the balance sheet of the holding

company determined in accordance with

GAAP and in column A.

Schedule HC-R

HC-R-112 FR Y-9C

Schedule HC-R March 2020
Exposure amount to be used for purposes of

risk weighting - holding company has made

the AOCI opt-out election in Schedule HC-R,

Part I, item 3(a):

For a security classified as held-to-maturity

where the holding company has made the

AOCI opt-out election (i.e., most AOCI is not

included in regulatory capital), the exposure

amount to be risk weighted by the holding

company is the carrying value of the security

reported on the balance sheet of the holding

company and in column A, less any net

unrealized gains on the exposure, plus any net

realized loss on the exposure included in

AOCI.

• In column B

o If an HTM securitization exposure will

be risk-weighted by using the 1,250

percent risk weight approach, report any

difference between the carrying value of

the HTM securitization exposure

reported in column A of this item and

the exposure amount of the HTM securitization exposure that is to be risk

weighted.

o If an HTM securitization exposure will

be risk-weighted using either the SSFA

or the Gross-Up Approach, report the

carrying value of the HTM securitization exposure reported in column A of

this item.

A holding company that has adopted

CECL includes the relevant portion

(reflected as a negative number) related

to securitization exposures of Schedule

HI-B, Part II, item 7, Column B, balance

end of current period for HTM Securities, less Schedule HC-R, part II, Memorandum item 5(b), “Amount of allowances for credit losses on purchased

credit deteriorated assets: Held-tomaturity securities.” For example, if a

firm reports $100 in HI-B, Part II, item 7,

Column B, and $10 in Schedule HC-R,

part II, Memorandum item 5(b), the firm

would report ($90) in this column B.

• In column Q, report the exposure amount

of those HTM securitization exposures that

are assigned a 1,250 percent risk weight

(i.e., those HTM securitization exposures

for which the risk-weighted asset amount is

not calculated using the SSFA or the

Gross-Up Approach).

• In column T, report the risk-weighted asset

amount (not the exposure amount) of those

HTM securitization exposures for which

the risk-weighted asset amount is calculated using the SSFA, as described above

in the General Instructions for Part II and

in §.41 to §.45 of the regulatory capital

rules.

• In column U, report the risk-weighted asset

amount (not the exposure amount) of HTM

securitization exposures for which the riskweighted asset amount is calculated using

the Gross-Up Approach, as described above

in the General Instructions for Schedule

HC-R, Part II, and in §.41 to §.45 of the

regulatory capital rules.

9(b) Available-for-sale debt securities. Report in

column A the fair value of those availablefor-sale (AFS) debt securities reported in

Schedule HC, item 2(b), that qualify as securitization exposures as defined in §.2 of the

regulatory capital rules. Refer to the instructions for Schedule HC-R, Part II, item 2(b),

for a summary of the reporting locations of

AFS securitization exposures.

Exposure amount to be used for purposes of

risk weighting - holding company that cannot

or has not made the Accumulated Other Comprehensive Income (AOCI) opt-out election in

Schedule HC-R, Part I, item 3(a):

For an AFS debt security that is a securitization exposure where the holding company

cannot make or has not made the AOCI

opt-out election (i.e., most AOCI is included

in regulatory capital), the exposure amount of

the AFS securitization exposure to be risk

weighted by the holding company is the carrying value of the debt security, which is the

value of the asset reported on the balance

sheet of the holding company (Schedule HC,

Schedule HC-R

FR Y-9C HC-R-113

Schedule HC-R December 2019
item 2(b)) determined in accordance with

GAAP (i.e., the fair value of the available-forsale debt security) and in column A of this

item.

Exposure amount to be used for purposes of

risk weighting - holding company has made

the AOCI opt-out election in Schedule HC-R,

Part I, item 3(a):

For an AFS debt security that is a securitization exposure where the holding company has

made the AOCI opt-out election (i.e., most

AOCI is not included in regulatory capital),

the exposure amount of the AFS securitization exposure to be risk weighted by the

holding company is the carrying value of the

debt security, less any unrealized gain on the

exposure plus any unrealized loss on the

exposure included in AOCI.

• In column B

o If an AFS securitization exposure will

be risk weighted using the 1,250 percent

risk weight approach, a holding company that has made the AOCI opt-out

election should include the difference

between the fair value and amortized

cost of those AFS debt securities that

qualify as securitization exposures. This

difference equals the amounts reported

in Schedule HC-B, items 4 and 5, column D, minus items 4 and 5, column C,

for those AFS debt securities included

in these items that are securitization

exposures. When fair value exceeds

cost, report the difference as a positive

number in Schedule HC-R, Part II, item

9(b), column B. When cost exceeds fair

value, report the difference as a negative

number (i.e., with a minus (-) sign) in

Schedule HC-R, Part II, item 9(b), column B.

o If an AFS securitization exposure will

be risk weighted using either the SSFA

or the Gross-Up Approach, a holding

company should report carrying value

of the AFS securitization exposure

reported in column A of this item.

• In column Q, report the exposure amount

of those AFS securitization exposures that

are assigned a 1,250 percent risk weight

(i.e., those AFS securitization exposures

for which the risk-weighted asset amount is

not calculated using the SSFA or the

Gross-Up Approach).

• In column T, report the risk-weighted asset

amount (not the exposure amount) of those

AFS securitization exposures for which the

risk-weighted asset amount is calculated

using the SSFA, as described above in the

General Instructions for Schedule HC-R

Part II and in §.41 to 45 of the regulatory

capital rules.

• In column U, report the risk-weighted asset

amount (not the exposure amount) of those

AFS securitization exposures for which the

risk-weighted asset amount is calculated

using the Gross-Up Approach, as described

above in the General Instructions for Schedule HC-R, Part II, and in §.41 to §.45 of the

regulatory capital rules.

Example 1: A holding company reports an

AFS securitization exposure on its balance

sheet in Schedule HC, item 2(b), at a carrying

value (i.e., fair value) of $105. The amortized

cost of the AFS securitization exposure is

$100. The AFS securitization exposure has a

$5 unrealized gain that is included in AOCI.

The holding company would report has made

the AOCI opt-out election in Schedule HC-R,

Part I, item 3(a). The AFS securitization

exposure will be risk weighted using the

1,250 percent risk weight approach. The holding company would report in Schedule HC-R,

Part II, item 9(b):

• $105 in Column A. This is the carrying

value of the AFS securitization exposure

on the holding company’s balance sheet.

• $5 in Column B. This is the difference

between the carrying value (i.e., fair value)

of the AFS securitization exposure and its

exposure amount that is subject to riskweighting. For a holding company that has

made the AOCI opt-out election, column B

Schedule HC-R

HC-R-114 FR Y-9C

Schedule HC-R March 2016
will typically represent the amount of unrealized gain or unrealized loss on a securitization exposure. Gains are reported as positive numbers; losses as negative numbers.

(Note: if the holding company has not

made or cannot make the AOCI opt-out

election, there will not be an adjustment to

be reported in column B.)

• $100 is the exposure amount subject to

risk-weighting. This amount will be

reported in item 9(b), column Q - 1,250

percent risk weight. For a holding company that has made the AOCI opt-out election, the exposure amount typically will be

the carrying value (i.e., fair value) of the

AFS securitization exposure excluding any

unrealized gain or loss.

Example 2: A holding company reports an

AFS securitization exposure on its balance

sheet in Schedule HC, item 2(b), at a carrying

value (i.e., fair value) of $105. The AFS

securitization exposure has a $5 unrealized

gain that is included in AOCI. The holding

company has made the AOCI opt-out election

in Schedule HC-R, Part I, item 3(a). The AFS

securitization exposure will be risk weighted

using the Gross-Up Approach and it is assigned

a 900 percent risk weight using this approach.

The holding company would report in Schedule HC-R, Part II, item 9(b):

• $105 in Column A. This is the carrying

value of the AFS securitization exposure

on the holding company’s balance sheet.

• $105 in Column B. When the Gross-Up

Approach is being used, the carrying

amount of the AFS securitization exposure

on the holding company’s balance sheet is

to be reported in column B. Because the

holding company has made the AOCI optout election, the $105 carrying amount

consists of two components: (i) $100 is the

exposure amount subject to risk-weighting

at 900 percent, and (ii) $5 is difference

between the carrying value and the exposure amount that is subject to riskweighting.

• $900 reported in Column U. This is the

risk-weighted asset amount of the AFS

securitization exposure. This amount ($900)

will be reported in item 9(b), column U -

Gross-Up. (Note: $900 is the product of the

$100 exposure amount multiplied by a 900

percent risk weight.)

9(c) Trading assets. Report in column A the fair

value of those trading assets reported in

Schedule HC, item 5, that qualify as securitization exposures as defined in §.2 of the

regulatory capital rules. Refer to the instructions for Schedule HC-R, Part II, item 7, for a

summary of the reporting locations of trading

assets that are securitization exposures.

If the holding company is subject to the

market risk capital rule, report in column B

the fair value of those securitization exposures reported in column A of this item that

are covered positions as defined in Schedule

HC-R, Part II, item 27. The holding company

will report its standardized market riskweighted assets in Schedule HC-R, Part II,

item 27.

For holding companies not subject to the

market risk capital rule and for those trading

assets held by holding companies subject to

the market risk capital rule that are securitization exposures that do not meet the definition

of a covered position:

• In column B, report the fair value reported

in column A of this item for those trading

assets reported in Schedule HC, item 5,

that qualify as securitization exposures and

will be risk-weighted using either the Simplified Supervisory Formula Approach

(SSFA) or the Gross-Up Approach.

• In column Q, report the fair value of those

trading assets that are securitization exposures that are assigned a 1,250 percent risk

weight (i.e., those trading asset securitization exposures for which the risk-weighted

asset amount is not calculated using the

SSFA or the Gross-Up Approach).

• In column T, report the risk-weighted asset

amount (not the fair value) of those trading

Schedule HC-R

FR Y-9C HC-R-115

Schedule HC-R March 2016
assets that are securitization exposures for

which the risk-weighted asset amount is

calculated using the SSFA, as described

above in the General Instructions for Schedule HC-R, Part II, and in §.41 to §.45 of the

regulatory capital rules.

• In column U, report the risk-weighted asset

amount (not the fair value) of those trading

assets that are securitization exposures for

which the risk-weighted asset amount is

calculated using the Gross-Up Approach,

as described above in the General Instructions for Schedule HC-R, Part II, and in

§.41 to §.45 of the regulatory capital rules.

9(d) All other on-balance sheet securitization

exposures. Report in column A the amount

of all on-balance sheet assets included in

Schedule HC that qualify as securitization

exposures as defined in §.2 of the regulatory

capital rules and are not reported in Schedule

HC-R, Part II, items 9(a), 9(b), or 9(c). Refer

to the instructions for Schedule HC-R, Part II,

items 1, 3, 4, 5, and 8, above for a summary

of the reporting locations of other on-balance

sheet securitization exposures. For a holding

company that has made the Accumulated

Other Comprehensive Income (AOCI) optout election in Schedule HC-R, Part I, item

3(a), include in this item any accrued but

uncollected interest and fees associated with

held-to-maturity, available-for-sale, and trading securitization exposures reported in

Schedule HC, item 11, ‘‘Other assets.’’

Exposure amount to be used for purposes of

risk weighting - holding company that cannot

or has not made the AOCI opt-out election in

Schedule HC-R, Part I, item 3(a):

For other on-balance sheet securitization exposures where the holding company cannot or

has not made the AOCI opt-out election (i.e.,

most AOCI is included in regulatory capital),

the exposure amount to be risk weighted by

the holding company is the exposure’s carrying value, which is the value of the exposure

reported on the balance sheet of the holding

company determined in accordance with

GAAP and in column A.

Exposure amount to be used for purposes of

risk weighting - holding company has made

the AOCI opt out election in Schedule HC-R,

Part I, item 3(a):

For other on-balance sheet securitization exposures where the holding company has made

the AOCI opt-out election (i.e., most AOCI is

not included in regulatory capital), the exposure amount to be risk weighted by the holding company is the exposure’s carrying value,

less any net unrealized gains on the exposure

plus any net realized loss on the exposure

included in AOCI. In column B, report any

difference between the carrying value and the

exposure amount of those other on-balance

sheet securitization exposures reported in column A of this item that will be risk weighted

by applying the 1,250 percent risk weight.

• In column B, all holding companies should

include the amount reported in column A

of this item for those other on-balance

sheet securitization exposures that will be

risk-weighted using either the Simplified

Supervisory Formula Approach (SSFA) or

the Gross-Up Approach.

• In column Q, report the exposure amount

of those other on-balance sheet securitization exposures that are assigned a 1,250

percent risk weight (i.e., those other

on-balance sheet securitization exposures

for which the risk-weighted asset amount is

not calculated using the SSFA or the

Gross-Up Approach).

• In column T, report the risk-weighted asset

amount (not the exposure amount) of those

other on-balance sheet securitization exposures for which the risk-weighted asset

amount is calculated using the SSFA, as

described above in the General Instructions

for Schedule HC-R, Part II, and in §.41 to

§.45 of the regulatory capital rules.

• In column U, report the risk-weighted asset

amount (not the exposure amount) of those

other on-balance sheet securitization exposures for which the risk-weighted asset

amount is calculated using the Gross-Up

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Approach, as described above in the General Instructions for Schedule HC-R, Part

II, and in §.41 to §.45 of the regulatory

capital rules.

10 Off-balance sheet securitization exposures.

Report in column A the notional amount of all

derivatives and off-balance sheet items

reported in Schedule HC-L or Schedule HC-S

that qualify as securitization exposures as

defined in §.2 of the regulatory capital rules.

Refer to the instructions for Schedule HC-R,

Part II, items 12 through 21, for a summary of

the reporting locations of off-balance sheet

securitization exposures.

Exposure amount to be used for purposes of

risk weighting

For an off-balance sheet securitization exposure that is not a repo-style transaction or

eligible margin loan for which the holding

company calculates an exposure amount under

§.37 of the regulatory capital rules, cleared

transaction (other than a credit derivative), or

over-the-counter (OTC) derivative contract

(other than a credit derivative), the exposure

amount is the notional amount of the exposure.

For an off-balance sheet securitization exposure to an asset-backed commercial paper

(ABCP) program, such as an eligible ABCP

liquidity facility, the notional amount may be

reduced to the maximum potential amount

that holding company could be required to

fund given the ABCP program’s current underlying assets (calculated without regard to the

current credit quality of those assets).

The exposure amount of an eligible ABCP

liquidity facility for which the Simplified

Supervisory Formula Approach (SSFA) does

not apply is equal to the notional amount of

the exposure multiplied by a credit conversion

factor (CCF) of 50 percent.

The exposure amount of an eligible ABCP

liquidity facility for which the SSFA applies

is equal to the notional amount of the exposure multiplied by a CCF of 100 percent.

For an off-balance sheet securitization exposure that is a repo-style transaction or eligible

margin loan for which the holding company

calculates an exposure amount under §.37 of

the regulatory capital rules, a cleared transaction (other than a credit derivative), or derivative contract (other than a credit derivative),

the exposure amount is the amount calculated

under §.34, §.35, §.37, §.132, or §.133, as

applicable, of the regulatory capital rules.

For a credit-enhancing representation and

warranty that is an off-balance sheet securitization exposure, see the discussion of ‘‘Treatment of Sales of 1-4 Family Residential First

Mortgage Loans with Credit-Enhancing Representations and Warranties,’’ which includes

an example, in the General Instructions for

Schedule HC-R, Part II.

• In column B, report the notional amount of

those off-balance sheet securitization exposures reported in column A of this item for

which the exposure amount (as described

above) will be risk-weighted using either

the SSFA or the Gross-Up Approach. Also

include in column B the difference between

the notional amount reported in column A

of this and the exposure amount for those

off-balance sheet items that qualify as securitization exposures and will be risk

weighted by applying the 1,250 percent

risk weight.

• In column Q, report the exposure amount

of those off-balance sheet securitization

exposures that are assigned a 1,250 percent

risk weight (i.e., those off-balance sheet

securitization exposures for which the riskweighted asset amount is not calculated

using the SSFA or the Gross-Up Approach).

• In column T, report the risk-weighted asset

amount (not the exposure amount) of those

off-balance sheet securitization exposures

for which the risk-weighted asset amount is

calculated using the SSFA, as described

above in the General Instructions for Schedule HC-R, Part II, and in §.41 to §.45 of the

regulatory capital rules.

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• In column U, report the risk-weighted asset

amount (not the exposure amount) of those

off-balance sheet securitization exposures

for which the risk-weighted asset amount is

calculated using the Gross-Up Approach,

as described above in the General Instructions for Schedule HC-R, Part II, and in

§.41 to §.45 of the regulatory capital rules.

11 Total assets. For columns A through R, report

the sum of items 1 through 9. The sum of

columns B through R must equal column A.

Schedule HC-R, Part II, item 11, column A,

must equal Schedule HC, item 12, “Total

assets.”

Derivatives, Off-Balance Sheet Items, and Other Items

Subject to Risk Weighting (Excluding Securitization

Exposures)

Treatment of Derivatives and Off-Balance Sheet Items

that are Securitization Exposures - Any derivatives or

off-balance sheet items reported in Schedule HC-L or

Schedule HC-S that qualify as securitization exposures,

including liquidity facilities to asset-back commercial

paper programs, are to be reported in Schedule HC-R,

Part II, item 10, column A, and excluded from Schedule

HC-R, Part II, items 12 through 21 below.

Repo-style transactions - The regulatory capital rules

permit some repo-style transactions to be risk weighted

on a netting set basis. Where netting is permitted, a

holding company will combine both on-balance and

off-balance sheet repo-style transactions in order to determine a capital requirement for a netting set to a single

counterparty. In such cases, a holding company should

combine securities purchased under agreements to resell

(i.e., reverse repos) and securities sold under agreements

to repurchase (i.e., repos) with off-balance sheet repostyle transactions (i.e., securities borrowing and securities lending transactions) in Schedule HC-R, Part II, item

16, and report the netting set exposure to each counterparty under the appropriate risk weight column.

Credit Conversion Factors for Off-Balance Sheet Items -

A summary of the credit conversion factors (CCFs) by

which the exposure amount of off-balance sheet items are

to be multiplied follows. For further information on these

factors, refer to the regulatory capital rules.

Off-balance sheet items subject to a zero percent CCF:

(1) Unused portions of commitments that are unconditionally cancelable at any time by the bank holding

company.

Off-balance sheet items subject to a 20 percent CCF:

(1) Commercial and similar letters of credit with an

original maturity of one year or less, including

short-term, self-liquidating, trade-related contingent

items that arise from the movement of goods.

(2) Commitments with an original maturity of one year

or less that are not unconditionally cancelable.

Off-balance sheet items subject to a 50 percent CCF:

(1) Transaction-related contingent items, including performance standby letters of credit, bid bonds, performance bonds, and warranties.

(2) Commercial and similar letters of credit with an

original maturity exceeding one year.

(3) Commitments with an original maturity exceeding

one year that are not unconditionally cancelable by

the bank, including underwriting commitments and

commercial credit lines.

Off-balance sheet items subject to a 100 CCF:

(1) Financial standby letters of credit.

(2) Repo-style transactions, including off-balance sheet

securities lending transactions, off-balance sheet

securities borrowing transactions, securities purchased under agreements to resell, and securities sold

under agreements to repurchase.

(3) Guarantees, certain credit-enhancing representations

and warranties, and forward agreements.

Item No. Caption and Instructions

12 Financial standby letters of credit. For

financial standby letters of credit reported in

Schedule HC-L, item 2, that do not meet the

definition of a securitization exposure as

described in §.2 of the regulatory capital

rules, but are credit enhancements for assets,

report in column A:

(1) The amount outstanding and unused of those

letters of credit for which this amount is less

than the effective risk-based capital requirement for the assets that are credit-enhanced

by the letter of credit multiplied by 12.5.

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(2) The full amount of the assets that are creditenhanced by those letters of credit that are not

multiplied by 12.5.

For all other financial standby letters of credit

reported in Schedule HC-L, item 2, that do

not meet the definition of a securitization

exposure, report in column A the amount

outstanding and unused of these letters of

credit.

• In column B, report 100 percent of the

amount reported in column A.

• In column C-0% risk weight, include the

credit equivalent amount of the portion of

financial standby letters of credit reported

in Schedule HC-L, item 2, that are secured

by collateral or has a guarantee that qualifies for the zero percent risk weight.

• In column G-20% risk weight, include the

credit equivalent amount of the portion of

financial standby letters of credit reported

in Schedule HC-L, item 2, that has been

conveyed to U.S. depository institutions.

Also include the credit equivalent amount

of the portion of financial standby letters of

credit reported in Schedule HC-L, item 2,

that are secured by collateral or has a

guarantee that qualifies for the 20 percent

risk weight.

• In column H-50% risk weight, include the

credit equivalent amount of the portion of

financial standby letters of credit reported

in Schedule HC-L, item 2, that are secured

by collateral or has a guarantee that qualifies for the 50 percent risk weight.

• In column I-100% risk weight, include the

portion of the credit equivalent amount

reported in column B that is not included in

columns C through H and J. Also include

the credit equivalent amount of the portion

of financial standby letters of credit reported

in Schedule HC-L, item 2, that are secured

by collateral or has a guarantee that qualifies for the 100 percent risk weight.

• Financial standby letters of credit that must

be risk-weighted according to the Country

Risk Classification (CRC) methodology

o In column C-0% risk weight; column

G-20% risk weight; column H-50% risk

weight; column I-100% risk weight; column J-150% risk weight. Assign these

exposures to risk weight categories based

on the CRC methodology described

above in the General Instructions for

Part II. Include:

o The credit equivalent amount of the

portion of financial standby letters of

credit reported in Schedule HC-L, item

2, that have been conveyed to foreign

banks.

13 Performance standby letters of credit and

transaction-related contingent items. Report

in column A transaction-related contingent

items, which includes the face amount of

performance standby letters of credit reported

in Schedule HC-L, item 3, and any other

transaction-related contingent items that do

not meet the definition of a securitization

exposure as described in §.2 of the regulatory

capital rules.

• In column B, report 50 percent of the face

amount reported in column A.

• In column C-0% risk weight, include the

credit equivalent amount of the portion of

performance standby letters of credit and

transaction-related contingent items

reported in Schedule HC-L, item 3, that are

secured by collateral or has a guarantee

that qualifies for the zero percent risk

weight.

• In column G-20% risk weight, include the

credit equivalent amount of the portion of

performance standby letters of credit, performance bids, bid bonds, and warranties

reported in Schedule HC-L, item 3, that

have been conveyed to U.S. depository

institutions. Also include the credit equivalent amount of the portion of performance

standby letters of credit and transactionrelated contingent items reported in Schedule HC-L, item 3, that are secured by

collateral or has a guarantee that qualifies

for the 20 percent risk weight.

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• In column H-50% risk weight, include the

credit equivalent amount of the portion of

performance standby letters of credit and

transaction-related contingent items

reported in Schedule HC-L, item 3, that are

secured by collateral or has a guarantee

that qualifies for the 50 percent risk weight.

• In column I-100% risk weight, include the

portion of the credit equivalent amount

reported in column B that is not included in

columns C through H and J. Also include

the credit equivalent amount of the portion

of performance standby letters of credit

and transaction-related contingent items

reported in Schedule HC-L, item 3, that are

secured by collateral or has a guarantee

that qualifies for the 100 percent risk

weight.

• Performance standby letters of credit and

transaction-related contingent items that

must be risk-weighted according to the

Country Risk Classification (CRC) methodology.

o In column C-0% risk weight; column

G-20% risk weight; column H-50% risk

weight; column I-100% risk weight; column J-150% risk weight. Assign these

exposures to risk weight categories based

on the CRC methodology described

above in the General Instructions for

Part II. Include:

o The credit equivalent amount of the

portion of performance standby letters

of credit, performance bids, bid bonds,

and warranties reported in Schedule

HC-L, item 3, that have been conveyed

to foreign banks.

14 Commercial and similar letters of credit

with an original maturity of one year or

less. Report in column A the face amount of

those commercial and similar letters of credit,

including self-liquidating, trade-related contingent items that arise from the movement of

goods, reported in Schedule HC-L, item 4,

with an original maturity of one year or less

that do not meet the definition of a securitization exposure as described in §.2 of the regulatory capital rules. Report those commercial

letters of credit with an original maturity

exceeding one year that do not meet the

definition of a securitization exposure in

Schedule HC-R, Part II, item 18(b).

• In column B, report 20 percent of the face

amount reported in column A.

• In column C-0% risk weight, include the

credit equivalent amount of the portion of

commercial or similar letters of credit with

an original maturity of one year or less

reported in Schedule HC-L, item 4, that are

secured by collateral or has a guarantee

that qualifies for the zero percent risk

weight.

• In column G-20% risk weight, include the

credit equivalent amount of the portion of

commercial and similar letters of credit,

including self-liquidating, trade-related

contingent items that arise from the movement of goods, with an original maturity of

one year or less, reported in Schedule

HC-L, item 4, that have been conveyed to

U.S. depository institutions. Also include

the credit equivalent amount of the portion

of commercial or similar letters of credit

with an original maturity of one year or

less reported in Schedule HC-L, item 4,

that are secured by collateral or has a

guarantee that qualifies for the 20 percent

risk weight.

• In column H-50% risk weight, include the

credit equivalent amount of the portion of

commercial or similar letters of credit with

an original maturity of one year or less

reported in Schedule HC-L, item 4, that are

secured by collateral or has a guarantee

that qualifies for the 50 percent risk weight.

• In column I-100% risk weight, include the

portion of the credit equivalent amount

reported in column B that is not included in

columns C through H and J. Also include

the credit equivalent amount of the portion

of commercial or similar letters of credit

with an original maturity of one year or

less reported in Schedule HC-L, item 4,

that are secured by collateral or has a

Schedule HC-R

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Schedule HC-R September 2015
guarantee that qualifies for the 100 percent

risk weight.

• Commercial and similar letters of credit

that must be risk-weighted according to the

Country Risk Classification (CRC) methodology

o In column C-0% risk weight; column

G-20% risk weight; column H-50% risk

weight; column I-100% risk weight; column J-150% risk weight. Assign these

exposures to risk weight categories based

on the CRC methodology described

above in the General Instructions for

Part II. Include:

o The credit equivalent amount of commercial and similar letters of credit,

including self-liquidating, trade-related

contingent items that arise from the

movement of goods, with an original

maturity of one year or less, reported in

Schedule HC-L, item 4, that have been

conveyed to foreign banks.

15 Retained recourse on small business obligations sold with recourse. Report in column A

the amount of retained recourse on small

business obligations reported in Schedule

HC-S, Memorandum item 1(b), that do not

meet the definition of a securitization exposure as described in §.2 of the regulatory

capital rules.

For retained recourse on small business obligations sold with recourse that qualify as

securitization exposures, please see §42(h) of

the regulatory capital rule for purposes of

risk-weighting and report these exposures in

Schedule HC-R, Part II, item 10.

Under Section 208 of the Riegle Community

Development and Regulatory Improvement

Act of 1994, a ‘‘qualifying institution’’ that

transfers small business loans and leases on

personal property (small business obligations)

with recourse in a transaction that qualifies as

a sale under generally accepted accounting

principles (GAAP) must maintain risk-based

capital only against the amount of recourse

retained, provided the institution establishes a

recourse liability account that is sufficient

under GAAP. Only loans and leases to businesses that meet the criteria for a small business concern established by the Small Business Administration under Section 3(c) of the

Small Business Act (12 U.S.C.631) are eligible for this favorable risk-based capital

treatment.

In general, a ‘‘qualifying institution’’ is one

that is well capitalized without regard to the

Section 208 provisions. If a holding company

ceases to be a qualifying institution or exceeds

the retained recourse limit set forth in banking

agency regulations implementing Section 208,

all new transfers of small business obligations

with recourse would not be treated as sales.

However, the reporting and risk-based capital

treatment described above will continue to

apply to any transfers of small business obligations with recourse that were consummated

during the time the holding company was a

‘‘qualifying institution’’ and did not exceed

the limit.

• In column B, report 100 percent of the

amount reported in column A.

• In column C-0% risk weight, include the

credit equivalent amount of the portion of

retained recourse on small business obligations sold with recourse reported in Schedule HC-S, Memorandum item 1(b), that are

secured by collateral or has a guarantee

that qualifies for the zero percent risk

weight.

• In column G-20% risk weight, include the

credit equivalent amount of the portion of

retained recourse on small business obligations sold with recourse reported in Schedule HC-S, Memorandum item 1(b), that are

secured by collateral or has a guarantee

that qualifies for the 20 percent risk weight.

• In column H-50% risk weight, include the

credit equivalent amount of the portion of

retained recourse on small business obligations sold with recourse reported in Schedule HC-S, Memorandum item 1(b), that are

secured by collateral or has a guarantee

that qualifies for the 50 percent risk weight.

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• In column I-100% risk weight, include the

portion of the credit equivalent amount

reported in column B that is not included in

columns C through H and J. Also include

the credit equivalent amount of the portion

of retained recourse on small business obligations sold with recourse reported in

Schedule HC-S, Memorandum item 1(b),

that are secured by collateral or has a

guarantee that qualifies for the 100 percent

risk weight.

16 Repo-style transactions. Repo-style transactions include:

• Securities lending transactions, including

transactions in which the holding company

acts as an agent for a customer and indemnifies the customer against loss. Securities

lent are reported in Schedule HC-L, item

6(a).

• Securities borrowing transactions Securities

borrowed are reported in Schedule HC-L,

item 6(b).

• Securities purchased under agreements to

resell (i.e., reverse repos). Securities purchased under agreements to resell are

reported in Schedule HC, item 3(b).

• Securities sold under agreements to repurchase (i.e., repos). Securities sold under

agreements to repurchase are reported in

Schedule HC, item 14(b).39

Report in column A the exposure amount of

repo-style transactions that do not meet the

definition of a securitization exposure as

described in §.2 of the regulatory capital

rules.

For repo-style transactions to which the holding company applies the Simple Approach to

recognize the risk-mitigating effects of qualifying financial collateral, as outlined in §.37

of the regulatory capital rules, the exposure

amount to be reported in column A is the sum

of the fair value as of the report date of

securities the holding company has lent,40 the

amount of cash or the fair value as of the

report date of other collateral the holding

company has posted for securities borrowed,

the amount of cash provided to the counterparty for securities purchased under agreements to resell (as reported in Schedule HC,

item 3(b), and the fair value as of the report

date of securities sold under agreements to

repurchase.

For repo-style transactions to which the holding company applies the Collateral Haircut

Approach to recognize the risk-mitigating

effects of qualifying financial collateral, as

outlined in §.37 of the regulatory capital rules,

the exposure amount to be reported in column A for a repo-style transaction or a singleproduct netting set of such transactions is

determined by using the exposure amount

equation in §.37(c) of the regulatory capital

rules.

A holding company may apply either the

Simple Approach or the Collateral Haircut

Approach to repo-style transactions; however,

the holding company must use the same

approach for similar exposures or transactions. For further information, see the discussion of ‘‘Treatment of Collateral and Guarantees’’ in the General Instructions for Schedule

HC-R, Part II.

• In column B, report 100 percent of the

exposure amount reported in column A.

• In column C-0% risk weight, include the

credit equivalent amount of repo-style transactions that are supported by the appropriate amount of collateral that qualifies for

the zero percent risk weight under the

regulatory capital rules (refer to §.37 of the

regulatory capital rules).

39. Although securities purchased under agreements to resell and securities sold under agreements to repurchase are reported on the balance

sheet (Schedule HC) as assets and liabilities, respectively, they are included

with securities lent and securities borrowed and designated as repo-style

transactions that are treated collectively as off-balance sheet items under

the regulatory capital rules.

40. For held-to-maturity securities that have been lent, the amortized

cost of these securities is reported in Schedule HC-L, item 6(a), but the fair

value of these securities should be reported as the exposure amount in

column A of this item.

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• In column D-2% risk weight, include the

credit equivalent amount of centrally cleared

repo-style transactions with Qualified Central Counterparties (QCCPs), as defined in

§.2 and described in §.35 of the regulatory

capital rules.

• In column E-4% risk weight, include the

credit equivalent amount of centrally cleared

repo-style transactions with QCCPs in all

other cases that do not meet the criteria of

qualification for a 2 percent risk weight, as

described in §.35 of the regulatory capital

rules.

• In column G-20% risk weight, include the

credit equivalent amount of repo-style transactions that are supported by the appropriate amount of collateral that qualifies for the

20 percent risk weight under the regulatory

capital rules. Also include the credit equivalent amount of repo-style transactions that

represents exposures to U.S. depository

institutions.

• In column H-50% risk weight, include the

credit equivalent amount of repo-style transactions that are supported by the appropriate amount of collateral that qualifies for the

50 percent risk weight under the regulatory

capital rules.

• In column I-100% risk weight, include the

portion of the credit equivalent amount

reported in column B that is not included in

columns C through H, J, and R. Also

include the credit equivalent amount of

repo-style transactions that are supported

by the appropriate amount of collateral that

qualifies for the 100 percent risk weight

under the regulatory capital rules.

• In column J-150% risk weight, include the

credit equivalent amount of repo-style transactions that are supported by the appropriate amount of collateral that qualifies for the

150 percent risk weight under the regulatory capital rules.

• In columns R and S-Application of Other

Risk-Weighting Approaches, include the portion of repo-style transactions that is secured

by qualifying financial collateral that meets

the definition of a securitization exposure in

§.2 of the regulatory capital rules or is a

mutual fund only if the holding company

chooses to recognize the risk-mitigating

effects of the securitization exposure collateral under the simple approach or the collateral haircut approach outlined in §.37 of the

regulatory capital rules. Under the simple

approach, the risk weight assigned to the

collateralized portion of the repo-style exposure may not be less than 20 percent.

o Include in column R the portion of

repo-style transactions secured by the

fair value or adjusted fair value of securitization exposure or mutual fund collateral as determined under the simple

approach or the collateral haircut

approach, respectively; however, the

holding company must apply the same

approach for all repo-style transactions.

In addition, if the holding company

applies the simple approach, it must

apply the same approach - either the

Simplified Supervisory Formula

Approach or the Gross-Up Approach -

that it applies to determine the riskweighted asset amounts of its on- and

off-balance sheet securitization exposures that are reported in Schedule HC-R,

Part II, items 9 and 10.

o Report in column S the risk-weighted

asset amount of the securitization exposure or mutual fund collateral that collateralizes the portion of repo-style transactions secured by such collateral. Any

remaining portion of the repo-style exposure that is uncollateralized or collateralized by other qualifying collateral

would be reported in columns C through

J, as appropriate.

For further information, see the discussions of

‘‘Treatment of Collateral and Guarantees’’

and ‘‘Risk-Weighted Assets for Securitization

Exposures’’ in the General Instructions for

Schedule HC-R, Part II.

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• Repo-style transactions that must be riskweighted according to the Country Risk

Classification (CRC) methodology

o In column C-0% risk weight; column

G-20% risk weight; column H-50% risk

weight; column I-100% risk weight; column J-150% risk weight. Assign these

exposures to risk weight categories based

on the CRC methodology described

above in the General Instructions for

Part II. Include:

o The credit equivalent amount of repostyle transactions that represents exposures to foreign central banks and foreign banks.

Examples: Reporting Securities Sold Under

Agreements to Repurchase (Repos) Under the

Simple Approach for Recognizing Effects of

Collateral

§.37 of the regulatory capital rules provides

for the recognition of the risk-mitigating

effects of collateral when risk-weighting assets

collateralized by financial collateral, as defined

in §.2. The following examples illustrate the

calculation of risk-weighted assets and the

reporting of securities sold under agreements

to repurchase (repos) in Schedule HC-R, Part

II, item 16, using the Simple Approach.

Example 1: Security sold under agreement

to repurchase fully collateralized by cash.

A holding company has transferred an

available-for-sale (AFS) debt security to a

counterparty in a repo transaction that is

accounted for as a secured borrowing on the

bank’s balance sheet. The bank received $100

in cash from the repo counterparty in this

transaction. The amortized cost and the fair

value of the AFS debt security are both $100

as of the report date.41 The debt security is an

exposure to a U.S. government sponsored

entity (GSE) that qualifies for a 20 percent

risk weight. The repo counterparty is a company that would receive a 100 percent risk

weight.

Calculation of risk-weighted assets for the transaction:

1. The holding company continues to report the AFS

GSE debt security as an asset on its balance sheet

and to risk weight the security as an on-balance sheet

asset at 20 percent:42

a. $100 x 20% = $20

2. The holding company has a $100 exposure to the

repo counterparty (the report date fair value of the

security transferred to the counterparty) that is collateralized by the $100 of cash received from the

counterparty. The holding company risk weights its

exposure to the repo counterparty at zero percent in

recognition of the cash received in the transaction

from the counterparty: $100 x 0% = $0

3. There is no additional exposure to the repo counterparty to risk weight because the exposure to the

counterparty is fully collateralized by the cash

received.

Total risk-weighted assets arising from the

transactions: $20

The holding company would report the transaction as

follows:

1. The holding company reports the AFS debt security

in Schedule HC-R, Part II, item 2(b):

a. The $100 carrying value (i.e., fair value) of the

AFS debt security on the balance sheet will be

reported in column A.43

b. The $100 exposure amount of the AFS debt

security will be reported in column G - 20

percent risk weight (which is the applicable

risk weight for a U.S. GSE debt security).

2. The holding company reports the repurchase agreement in Schedule HC-R, Part II, item 16:

a. The holding company’s $100 exposure to the

repo counterparty, which is the fair value of 41. In both Example 1 and Example 2, because the fair value carrying

value of the AFS GSE debt security equals the amortized cost of the debt

security, a holding company that has made the AOCI opt-out election in

Schedule HC-R, Part I, item 3(a), does not need to adjust the carrying

value (i.e., the fair value) of the debt security to determine the exposure

amount of the security. Thus, for a holding company that has made the

AOCI opt-out election, the carrying value of the AFS debt security equals

its exposure amount in Examples 1 and 2.

42. See footnote 32.

43. See footnote 32.

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the debt security transferred in the repo transaction, is the exposure amount to be reported

in column A.

b. The $100 credit equivalent amount of the

holding company’s exposure to the repo counterparty will be reported in column B.

c. Because the holding company’s exposure to

the repo counterparty is fully collateralized by

the $100 of cash received from the counterparty, the $100 credit equivalent amount of the

repurchase agreement will be reported in column C - 0 percent risk weight (which is the

applicable risk weight for cash collateral).

2(b). AFS Securities

(Column A)

Totals from

Schedule HC

(Column B)

Adjustments

(Column C) (Column G) (Column I)

Allocation by Risk-Weight Category

0% 20% 100%

$100 $100 2(b).

16. Repo-sytle

Transactions

(Column A)

Face or

notional

(Column B)

Credit Equiv.

(Column C) (Column G) (Column I)

Allocation by Risk-Weight Category

0% 20% 100%

$100 $100 $100 16.

Example 2: Security sold under an agreement to

repurchase (repo) not fully collateralized by cash.

A holding company has transferred an AFS debt security

to a counterparty in a repo transaction that is accounted

for as a secured borrowing on the bank’s balance sheet.

The holding company received $98 in cash from the repo

counterparty in this transaction. The amortized cost and

the fair value of the AFS debt security are both $100 as of

the report date.44 The debt security is an exposure to a

U.S. GSE that qualifies for a 20 percent risk weight. The

repo counterparty is a company that would receive a 100

percent risk weight.

Calculation of risk-weighted assets for the transaction:

1. The bank continues to report the AFS GSE debt

security as an asset on its balance sheet and to

riskweight the security as an on-balance sheet asset

at 20 percent:45

$100 x 20% = $20

2. The holding company has a $100 exposure to the

repo counterparty (the report date fair value of the

security transferred to the counterparty) of which

$98 is collateralized by the cash received from the

counterparty. The holding company risk weights the

portion of its exposure to the repo counterparty that

is collateralized by the cash received from the counterparty at zero percent: $98 x 0% = $0

3. The holding company risk weights its $2 uncollateralized exposure to the repo counterparty using the

risk weight applicable to the counterparty: $2 x

100% = $2

Total risk-weighted assets for the above

transactions: $22

The holding company would report the transaction in

Schedule HC-R, Part II, as follows:

1. The holding reports the AFS debt security in item

2(b):

a. The $100 carrying value (i.e., the fair value) of

the AFS debt security on the balance sheet will be

reported in column A.46

44. See footnote 32.

45. See footnote 32. 46. See footnote 32.

Schedule HC-R

FR Y-9C HC-R-125

Schedule HC-R September 2015
b. The $100 exposure amount of the AFS debt

security will be reported in column G-20% risk

weight (which is the applicable risk weight for a

U.S. GSE debt security).

2. The holding company reports the repurchase agreement in item 16:

a. The holding company’s $100 exposure to the repo

counterparty, which is the fair value of the debt

security transferred in the repo transaction, is the

exposure amount to be reported in column A.

b. The $100 credit equivalent amount of the holding

company’s exposure to the repo counterparty will

be reported in column B.

c. Because the holding company’s exposure to the

repo counterparty is collateralized by the $98 of

cash received from the counterparty, $98 of the

$100 credit equivalent amount of the repurchase

agreement will be reported in column C-0% risk

weight (which is the applicable risk weight for

cash collateral).

d. The $2 uncollateralized exposure to the repo

counterparty will be reported in column I-100%

risk weight (which is the applicable risk weight

for the repo counterparty).

2(b). AFS Securities

(Column A)

Totals from

Schedule HC

(Column B)

Adjustments

(Column C) (Column G) (Column I)

Allocation by Risk-Weight Category

0% 20% 100%

$100 $100 2(b).

16. Repo-Style

Transactions

(Column A)

Face or

notional

(Column B)

Credit Equiv.

(Column C) (Column G) (Column I)

Allocation by Risk-Weight Category

0% 20% 100%

$100 $100 $98 $2 16.

17 All other off-balance sheet liabilities. Report

in column A:

• The notional amount of all other off-balance

sheet liabilities reported in Schedule HC-L,

item 9, that are covered by the regulatory

capital rules,

• The face amount of risk participations in

bankers acceptances that have been acquired

by the reporting institution and are outstanding,

• The full amount of loans sold with creditenhancing representations and warranties47

that do not meet the definition of a securitization exposure as described in §.2 of the

regulatory capital rules,

• The notional amount of written option contracts that act as financial guarantees that do

not meet the definition of a securitization

exposure as described in §.2 of the regulatory capital rules, and

47. The definition of credit-enhancing representations and warranties in

§.2 of the regulatory capital rules states that such representations and

warranties obligate a holding company “to protect another party from

losses arising from the credit risk of the underlying exposures” and

“include provisions to protect a party from losses resulting from the default

or nonperformance of the counterparties of the underlying exposures or

from an insufficiency in the value of the collateral backing the underlying

exposures.” Thus, when loans or other assets are sold “with recourse” and

the recourse arrangement provides protection from losses as described in

the preceding definition, the recourse arrangement constitutes a creditenhancing representation and warranty.

Schedule HC-R

HC-R-126 FR Y-9C

Schedule HC-R September 2015
• The notional amount of all forward agreements, which are defined as legally binding

contractual obligations to purchase assets

with certain drawdown at a specified future

date, not including commitments to make

residential mortgage loans or forward foreign exchange contracts.

However, exclude from column A:

• The amount of credit derivatives classified

as trading assets that are subject to the

market risk capital rule (report in Schedule

HC-R, Part II, items 20 and 21, as appropriate), and

• Credit derivatives purchased by the holding

company that are recognized as guarantees

of an asset or off-balance sheet exposure

under the regulatory capital rules, i.e., credit

derivatives on which the holding company

is the beneficiary (report the guaranteed

asset or exposure in Schedule HC-R, Part II,

in the appropriate balance sheet or offbalance sheet category - e.g., item 5, ‘‘Loans

and leases, held for investment’’ - and in the

risk weight category applicable to the derivative counterparty - e.g., column G - 20%

risk weight - rather than the risk weight

category applicable to the obligor of the

guaranteed asset), and

• The notional amount of standby letters of

credit issued by another depository institution, a Federal Home Loan Bank, or any

other entity on behalf of the reporting holding company that are reported in Schedule

HC-L, item 9, because these letters of credit

are not covered by the regulatory capital

rules.

• In column B, report 100 percent of the face

amount, notional amount, or other amount

reported in column A.

• In column C-0% risk weight, include the

credit equivalent amount of liabilities to

counterparties who meet, or that have guarantees or collateral that meets, the criteria

for the zero percent risk weight category as

described in the instructions for RiskWeighted Assets and for Schedule HC-R,

Part II, items 1 through 8, above.

• In column G-20% risk weight, include the

credit equivalent amount of liabilities to

counterparties who meet, or that have guarantees or collateral that meets, the criteria

for the 20 percent risk weight category as

described in the instructions for RiskWeighted Assets and for Schedule HC-R,

Part II, items 1 through 8, above.

• In column H-50$ risk weight, include the

credit equivalent amount of liabilities to

counterparties who meet, or that have guarantees or collateral that meets, the criteria

for the 50 percent risk weight category as

described in the instructions for RiskWeighted Assets and for Schedule HC-R,

Part II, items 1 through 8, above.

• In column I-100% risk weight, include the

portion of the credit equivalent amount

reported in column B that is not included in

columns C through J. Include the credit

equivalent amount of liabilities to counterparties who meet, or that have guarantees or

collateral that meets, the criteria for the 100

percent risk weight category as described in

the instructions for Risk-Weighted Assets

and for Schedule HC-R, Part II, items 1

through 8, above.

• In column J-150% risk weight, include the

credit equivalent amount of liabilities to

counterparties who meet, or that have guarantees or collateral that meets, the criteria

for the 150 percent risk weight category as

described in the instructions for RiskWeighted Assets and for Schedule HC-R,

Part II, items 1 through 8, above.

• All other off-balance sheet liabilities that

must be risk-weighted according to the

Country Risk Classification (CRC) methodology

o In column C-0% risk weight; column

G-20% risk weight; column H-50% risk

weight; column I-100% risk weight; column J-150% risk weight. Assign these

exposures to risk weight categories based

Schedule HC-R

FR Y-9C HC-R-127

Schedule HC-R September 2016
on the CRC methodology described above

in the General Instructions for Part II.

Include:

o The credit equivalent amount of those

other off-balance sheet liabilities

described above in the instructions for

Column A of this item that represent

exposures to foreign central banks and

foreign banks.

18 Unused commitments. (Exclude unused commitments to asset-backed commercial paper

conduits.) Report in items 18(a) and 18(b) the

amounts of unused commitments, excluding

those that are unconditionally cancelable,

which are to be reported in Schedule HC-R,

Part II, item 19. Where a holding company

provides a commitment structured as a syndication or participation, the holding company

is only required to calculate the exposure

amount for its pro rata share of the commitment.

Exclude from items 18(a) and 18(b) any

unused commitments that qualify as securitization exposures, as defined in §.2 of the

regulatory capital rules. Unused commitments

that are securitization exposures must be

reported in Schedule HC-R, Part II, item 10,

column A. Also exclude default fund contributions in the form of commitments made by

a clearing member to a central counterparty’s

mutualized loss sharing arrangement. Such

default fund contributions must be reported

(as a negative number) in Schedule HC-R,

Part II, item 8, column B.

18(a) Original maturity of one year or less. Report

in column A the unused portion of those

unused commitments reported in Schedule

HC-L, item 1, with an original maturity of one

year or less.

Under the regulatory capital rules, the unused

portion of commitments (facilities) that are

unconditionally cancelable (without cause) at

any time by the holding company have a zero

percent credit conversion factor. The unused

portion of such unconditionally cancelable

commitments should be excluded from this

item and reported in Schedule HC-R, Part II,

item 19. For further information, see the

instructions for item 19.

‘‘Original maturity’’ is defined as the length

of time between the date a commitment is

issued and the date of maturity, or the earliest

date on which the holding company (1) is

scheduled to (and as a normal practice actually does) review the facility to determine

whether or not it should be extended and (2)

can unconditionally cancel the commitment.

• In column B, report 20 percent of the

amount of unused commitments reported in

column A.

• In column C-0% risk weight, include the

credit equivalent amount of unused commitments to counterparties who meet, or that

have guarantees or collateral that meets, the

criteria for the zero percent risk weight

category as described in the instructions for

Risk-Weighted Assets and for Schedule

HC-R, Part II, items 1 through 8, above.

• In column G-20% risk weight, include the

credit equivalent amount of unused commitments to counterparties who meet, or that

have guarantees or collateral that meets, the

criteria for the 20 percent risk weight category as described in the instructions for

Risk-Weighted Assets and for Schedule

HC-R, Part II, items 1 through 8, above.

• In column H-50% risk weight, include the

credit equivalent amount of unused commitments to counterparties who meet, or that

have guarantees or collateral that meets, the

criteria for the 50 percent risk weight category as described in the instructions for

Risk-Weighted Assets and for Schedule

HC-R, Part II, items 1 through 8, above.

• In column I-100% risk weight, include the

portion of the credit equivalent amount

reported in column B that is not included in

columns C through H, J, and R. Include the

credit equivalent amount of unused commitments to counterparties who meet, or that

have guarantees or collateral that meets, the

criteria for the 100 percent risk weight

category as described in the instructions for

Schedule HC-R

HC-R-128 FR Y-9C

Schedule HC-R September 2016
Risk-Weighted Assets and for Schedule

HC-R, Part II, items 1 through 8, above.

• In column J-150% risk weight, include the

credit equivalent amount of unused commitments to counterparties who meet, or that

have guarantees or collateral that meets, the

criteria for the 150 percent risk weight

category as described in the instructions for

Risk-Weighted Assets and for Schedule

HC-R, Part II, items 1 through 8, above.

• In columns R and S-Application of Other

Risk-Weighting Approaches, include the portion of unused commitments that is secured

by qualifying financial collateral that meets

the definition of a securitization exposure in

§.2 of the regulatory capital rules or is a

mutual fund only if the holding company

chooses to recognize the risk-mitigating

effects of the securitization exposure or

mutual fund collateral under the simple

approach outlined in §.37 of the regulatory

capital rules. Under the simple approach,

the risk weight assigned to the collateralized portion of an unused commitment may

not be less than 20 percent.

o Include in column R the portion of unused

commitments secured by the fair value of

securitization exposure or mutual fund

collateral as determined under the simple

approach. In addition, the holding company must apply the same approach to

securitization exposure collateral - either

the Simplified Supervisory Formula

Approach or the Gross-Up Approach -

that it applies to determine the riskweighted asset amounts of its on- and

off-balance sheet securitization exposures

that are reported in Schedule HC-R, Part

II, items 9 and 10.

o Report in column S the risk-weighted

asset amount of the securitization exposure or mutual fund collateral that collateralizes the portion of unused commitments secured by such collateral. Any

remaining portion of the unused commitment that is uncollateralized or collateralized by other qualifying collateral would

be reported in columns C through J, as

appropriate.

For further information, see the discussions of

‘‘Treatment of Collateral and Guarantees’’

and ‘‘Risk-Weighted Assets for Securitization

Exposures’’ in the General Instructions for

Schedule HC-R, Part II.

• Unused commitments with an original maturity of one year or less, excluding ABCP

conduits, that must be risk weighted according to the Country Risk Classification (CRC)

methodology

o In column C-0% risk weight; column

G-20% risk weight; column H-50% risk

weight; column I-100% risk weight; column J-150% risk weight. Assign these

exposures to risk weight categories based

on the CRC methodology described above

in the General Instructions for Part II.

Include:

o The credit equivalent amount of those

unused commitments described above in

the instructions for Column A of this item

that represent exposures to foreign banks.

18(b) Original maturity exceeding one year.

Report in column A the unused portion of

those commitments to make or purchase extensions of credit in the form of loans or participations in loans, lease financing receivables,

or similar transactions reported in Schedule

HC-L, item 1, that have an original maturity

exceeding one year and are subject to the

regulatory capital rules. Also report in column

A the face amount of those commercial and

similar letters of credit reported in Schedule

HC-L, item 4, with an original maturity

exceeding one year that do not meet the

definition of a securitization exposure as

described in §.2 of the regulatory capital

rules.

Under the regulatory capital rules, the unused

portion of commitments (facilities) which are

unconditionally cancelable (without cause) at

any time by the holding company (to the

extent permitted under applicable law) have a

zero percent credit conversion factor. The

Schedule HC-R

FR Y-9C HC-R-129

Schedule HC-R September 2015
unused portion of such unconditionally cancelable commitments should be excluded from

this item and reported in Schedule HC-R, Part

II, item 19. For further information, see the

instructions for item 19.

Also include in column A the unused portion

all revolving underwriting facilities (RUFs)

and note issuance facilities (NIFs), regardless

of maturity.

In the case of consumer home equity or

mortgage lines of credit secured by liens on

1-4 family residential properties, a holding

company is deemed able to unconditionally

cancel the commitment if, at its option, it can

prohibit additional extensions of credit, reduce

the credit line, and terminate the commitment

to the full extent permitted by relevant federal

law. Retail credit cards and related plans,

including overdraft checking plans and overdraft protection programs, are defined to be

short-term commitments that should be converted at zero percent and excluded from this

item 18(b) if the holding company has the

unconditional right to cancel the line of credit

at any time in accordance with applicable law.

For commitments providing for increases in

the dollar amount of the commitment, the

amount to be converted to an on-balance sheet

credit equivalent amount and risk weighted is

the maximum dollar amount that the holding

company is obligated to advance at any time

during the life of the commitment. This

includes seasonal commitments where the

dollar amount of the commitment increases

during the customer’s peak business period.

In addition, this risk-based capital treatment

applies to long-term commitments that contain short-term options which, for a fee, allow

the customer to increase the dollar amount of

the commitment. Until the short-term option

has expired, the reporting holding company

must convert and risk weight the amount

which it is obligated to lend if the option is

exercised. After the expiration of a short-term

option which has not been exercised, the

unused portion of the original amount of the

commitment is to be used in the credit conversion process.

• In column B, report 50 percent of the

amount of unused commitments and the

face amount of commercial and similar

letters of credit reported in column A. Note

that unused commitments that qualify as

securitization exposures as defined in §.2 of

the regulatory capital rules should be

reported as securitization exposures in

Schedule HC-R, Part II, item 10.

• In column C-0% risk weight, include the

credit equivalent amount of unused commitments and commercial and similar letters of

credit to counterparties who meet, or that

have guarantees or collateral that meets, the

criteria for the zero percent risk weight

category as described in the instructions for

Risk-Weighted Assets and for Schedule

HC-R, Part II, items 1 through 8, above.

• In column G-20% risk weight, include the

credit equivalent amount of unused commitments and commercial and similar letters of

credit to counterparties who meet, or that

have guarantees or collateral that meets, the

criteria for the 20 percent risk weight category as described in the instructions for

Risk-Weighted Assets and for Schedule

HC-R, Part II, items 1 through 8, above.

Include the credit equivalent amount of

commitments that have been conveyed to

U.S. depository institutions. Include the

credit equivalent amount of those commercial and similar letters of credit reported in

Schedule HC-L, item 4, with an original

maturity exceeding one year that have been

conveyed to U.S. depository institutions.

• In column H-50% risk weight, include the

credit equivalent amount of unused commitments and commercial and similar letters of

credit to counterparties who meet, or that

have guarantees or collateral that meets, the

criteria for the 50 percent risk weight category as described in the instructions for

Risk-Weighted Assets and for Schedule

HC-R, Part II, items 1 through 8, above.

Schedule HC-R

HC-R-130 FR Y-9C

Schedule HC-R September 2016
• In column I-100% risk weight, include the

portion of the credit equivalent amount

reported in column B that is not included in

columns C through H, J, and R. Also

include the credit equivalent amount of

unused commitments and commercial and

similar letters of credit to counterparties

who meet, or that have guarantees or collateral that meets, the criteria for the 100

percent risk weight category as described in

the instructions for Risk-Weighted Assets

and for Schedule HC-R, Part II, items 1

through 8, above.

• In column J-150% risk weight, include the

credit equivalent amount of unused commitments and commercial and similar letters of

credit to counterparties who meet, or that

have guarantees or collateral that meets, the

criteria for the 150 percent risk weight

category as described in the instructions for

Risk-Weighted Assets and for Schedule

HC-R, Part II, items 1 through 8, above.

• In columns R and S-Application of Other

Risk-Weighting Approaches, include the portion of unused commitments that is secured

by qualifying financial collateral that meets

the definition of a securitization exposure in

§.2 of the regulatory capital rules or is a

mutual fund only if the holding company

chooses to recognize the risk-mitigating

effects of the securitization exposure or

mutual fund collateral under the simple

approach outlined in §.37 of the regulatory

capital rules. Under the simple approach,

the risk weight assigned to the collateralized portion of an unused commitment may

not be less than 20 percent.

o Include in column R the portion of unused

commitments secured by the fair value of

securitization exposure or mutual fund

collateral as determined under the simple

approach. In addition, the holding company must apply the same approach to

securitization exposure collateral - either

the Simplified Supervisory Formula

Approach or the Gross-Up Approach -

that it applies to determine the riskweighted asset amounts of its on- and

off-balance sheet securitization exposures

that are reported in Schedule HC-R, Part

II, items 9 and 10.

o Report in column S the risk-weighted

asset amount of the securitization exposure or mutual fund collateral that collateralizes the portion of unused commitments secured by such collateral. Any

remaining portion of the unused commitment that is uncollateralized or collateralized by other qualifying collateral would

be reported in columns C through J, as

appropriate.

For further information, see the discussions of

“Treatment of Collateral and Guarantees” and

“Risk-Weighted Assets for Securitization

Exposures” in the General Instructions for

Schedule HC-R, Part II.

• Unused commitments and commercial and

similar letters of credit with an original

maturity exceeding one year that must be

risk-weighted according to the Country

Risk Classification (CRC) methodology

o In column C-0% risk weight; column

G-20% risk weight; column H-50% risk

weight; column I-100% risk weight; column J-150% risk weight. Assign these

exposures to risk weight categories based

on the CRC methodology described above

in the General Instructions for Part II.

Include:

o The credit equivalent amount of those

unused commitments described above in

the instructions for Column A of this item

that represent exposures to foreign banks.

o The credit equivalent amount of those

commercial and similar letters of credit

reported in Schedule HC-L, item 4, with

an original maturity exceeding one year

that have been conveyed to foreign banks.

19 Unconditionally cancelable commitments.

Report the unused portion of those unconditionally cancelable commitments reported in

Schedule HC-L, item 1, that are subject to the

regulatory capital rules. The unused portion

Schedule HC-R

FR Y-9C HC-R-131

Schedule HC-R September 2015
of commitments (facilities) that are unconditionally cancelable (without cause) at any

time by the bank (to the extent permitted by

applicable law) have a zero percent credit

conversion factor. The holding company

should report the unused portion of such

commitments in column A of this item and

zero in column B of this item.

In the case of consumer home equity or

mortgage lines of credit secured by liens on

1-4 family residential properties, a holding

company is deemed able to unconditionally

cancel the commitment if, at its option, it can

prohibit additional extensions of credit, reduce

the credit line, and terminate the commitment

to the full extent permitted by relevant federal

law. Retail credit cards and related plans,

including overdraft checking plans and overdraft protection programs, are defined to be

short-term commitments that should be converted at zero percent and included in this

item if the holding company has the unconditional right to cancel the line of credit at any

time in accordance with applicable law.

20 Over-the-counter derivatives. Report in column B the credit equivalent amount of overthe-counter derivative contracts covered by

the regulatory capital rules. As defined in §.2

of the regulatory capital rules, an over-thecounter (OTC) derivative contract is a derivative contract that is not a cleared transaction.48

Include OTC credit derivative contracts held

for trading purposes and subject to the market

risk capital rule. Include the client-facing leg

of a derivative contract cleared through a

central counterparty or a qualified central

counterparty, which is to be reported as an

over-the-counter derivative. Otherwise, do not

include the credit equivalent amount of centrally cleared derivative contracts, which must

be reported in Schedule HC-R, Part II, item 21.

Do not include OTC derivative contracts that

meet the definition of a securitization exposure as described in §.2 of the regulatory

capital rules; such derivative contracts must

be reported in Schedule HC-R, Part II, item 10.

The credit equivalent amount of a noncleared

derivative contract to be reported in column B

is determined under one of two methods, the

Current Exposure Method (CEM), as

described in 12 CFR 217.34(b) of the regulatory capital rule, or the Standardized Approach

for Counterparty Credit Risk (SA-CCR), as

described in 12 CFR 217.132(c) of the regulatory capital rule. Under the regulatory capital rule, a nonadvanced approaches holding

company may elect to use CEM or SA-CCR

to determine the credit equivalent amount of a

noncleared derivative contract, as of April 1,

2020 (and as of January 1, 2020, at a holding

company’s option on a best efforts basis). A

non-advanced approaches holding company

must notify the Board before using SA-CCR.

A non-advanced approaches holding company must use the same methodology to calculate the exposure amount for all its derivative contracts, including centrally cleared

derivative transactions, and may change its

election only with the prior approval of the

Board. As of January 1, 2022, an advanced

approaches holding company must use

SA-CCR to determine the credit equivalent

amount of a derivative contract for purposes

of standardized approach total risk-weighted

assets and the supplementary leverage ratio.

However, such a holding company may elect

to use SA-CCR as of April 1, 2020, by

notifying the Board (and as of January 1,

2020, at a holding company’s option on a best

efforts basis).

48. An OTC derivative includes a transaction:

(1) Between an institution that is a clearing member and a counterparty where the institution is acting as a financial intermediary

and enters into a cleared transaction with a central counterparty

(CCP) that offsets the transaction with the counterparty; or

(2) In which an institution that is a clearing member provides a CCP

a guarantee on the performance of the counterparty to the transaction.

Schedule HC-R

HC-R-132 FR Y-9C

Schedule HC-R September 2015
Noncleared derivative

contracts

Cleared transactions

framework

Default fund contribution

Advanced approaches

holding companies,

advanced approaches total

risk-weighted assets

Option to use SA-CCR or

Internal Models

Methodology

Must use the approach

selected for purposes of

noncleared derivative

contracts

Must use SA-CCR

Advanced approaches

holding companies,

standardized approach total

risk-weighted assets

Must use SA-CCR Must use SA-CCR Must use SA-CCR

Non–advanced approaches

holding companies,

standardized approach total

risk-weighted assets

Option to use CEM or

SA-CCR

Must use the approach

selected for purposes of

noncleared derivative contracts

Must use the approach

selected for purposes of

noncleared derivative

contracts

Advanced approaches holding companies, supplementary leverage ratio

Must use SA-CCR to determine the exposure amount of derivative contracts for total

leverage exposure

Holding companies subject

to Category III capital

standards, supplementary

leverage ratio

Option to use CEM or SA-CCR to determine the exposure amount of derivative contracts

for total leverage exposure.

When using the CEM, the credit equivalent

amount of an OTC derivative contract to be

reported in Column B is the sum of its current

credit exposure (as reported in Schedule HC-R,

Part II, Memorandum item 1) plus the potential future exposure (PFE) over the remaining

life of the derivative contract (regardless of its

current credit exposure, if any), as described

in §.34 of the regulatory capital rules. The

current credit exposure of a derivative contract is (1) the fair value of the contract when

that fair value is positive and (2) zero when

the fair value of the contract is negative or

zero. The PFE exposure of a contract, which

is based on the type of contract and the

contract’s remaining maturity, is determined

by multiplying the notional principal amount

of the contract by the appropriate credit conversion factor from the following chart. The

notional principal amounts of the reporting

holding company’s OTC derivatives that are

subject to the risk-based capital requirements

are reported by remaining maturity in Schedule HC-R, Part II, Memorandum items 2(a)

through 2(g).

Schedule HC-R

FR Y-9C HC-R-133

Schedule HC-R March 2020
Remaining Maturity Interest

Rate

Foreign

exchange

rate and

gold

Credit

(investment

grade reference assets)

Credit

(noninvestment

grade reference assets)

Equity Precious

metals

(except

gold)

Other

One year or less 0.0% 1.0% 5.0% 10.0% 6.0% 7.0% 10.0%

Greater than one year

& less than or equal to

five years

0.5% 5.0% 5.0% 10.0% 8.0% 7.0% 12.0%

Greater than five years 1.5% 7.5% 5.0% 10.0% 10.0% 8.0% 15.0%

Under the Board’s regulatory capital rules and for purposes of Schedule HC-R, Part II, the existence of a

legally enforceable bilateral netting agreement between

the reporting holding company and a counterparty may

be taken into consideration when determining both the

current credit exposure and the potential future exposure

of derivative contracts. For further information on the

treatment of bilateral netting agreements covering derivative contracts, refer to the instructions for Schedule

HC-R, Part II, Memorandum item 1, and §.34 of the

regulatory capital rules.

When assigning OTC derivative exposures to risk weight

categories, holding companies can recognize the riskmitigating effects of financial collateral by using either

the simple approach or the collateral haircut approach, as

described in §.37 of the regulatory capital rules.

When using SA-CCR, the credit equivalent amount of an

OTC derivative contract to be reported in column B is the

sum of its current credit exposure (as reported in Schedule HC-R, Part II, Memorandum item 1) plus the potential future exposure over the remaining life of the derivative contract (regardless of its current credit exposure, if

any), as described in §.132 of the regulatory capital rule.

When using SA-CCR, a holding company should use the

value of the replacement cost amount for its current

credit exposure.

Under SA-CCR, the determination of the replacement

cost depends on whether the counterparty to a holding

company is required to post variation margin pursuant to

a variation margin agreement. The replacement cost for a

netting set that is not subject to a variation margin

agreement is equal to the greater of (1) the sum of the fair

values (after excluding any valuation adjustments) of the

derivative contracts within the netting set, less the net

independent collateral amount applicable to such derivative contracts, or (2) zero. For a netting set that is subject

to a variation margin agreement where the counterparty

is required to post variation margin, replacement cost is

equal to the greater of (1) the sum of the fair values (after

excluding any valuation adjustments) of the derivative

contracts within the netting set, less the sum of the net

independent collateral amount and the variation margin

amount applicable to such derivative contracts; (2) the

sum of the variation margin threshold and the minimum

transfer amount applicable to the derivative contracts

within the netting set, less the net independent collateral

amount applicable to such derivative contracts; or (3)

zero. PFE under SA-CCR is equal to the product of the

PFE multiplier and the aggregated amount. To determine

the aggregated amount, a holding company is required to

determine the hedging set amounts for the derivative

contracts within a netting set, where a hedging set is

comprised of derivative contracts that share similar risk

factors based on asset class (e.g., interest rate, exchange

rate, credit, equity, and commodity).

• In column C-0% risk weight, include the

credit equivalent amount of over-thecounter derivative contracts with counterparties who meet, or that have guarantees or

collateral that meets, the criteria for the zero

percent risk weight category as described in

the instructions for Risk-Weighted Assets

and for Schedule HC-R, Part II, items 1

through 8, above. This includes over-thecounter derivative contracts that are markedto-market on a daily basis and subject to a

daily margin maintenance requirement, to

Schedule HC-R

HC-R-134 FR Y-9C

Schedule HC-R June 2021
the extent the contracts are collateralized by

cash on deposit at the reporting institution.

• In column F-10% risk weight, include the

credit equivalent amount of over-thecounter derivative contracts that are markedto-market on a daily basis and subject to a

daily margin maintenance requirement, to

the extent the contracts are collateralized by

a sovereign exposure that qualifies for a

zero percent risk weight under §.32 of the

regulatory capital rules.

• In column G-20% risk weight, include the

credit equivalent amount of over-thecounter derivative contracts with counterparties who meet, or that have guarantees or

collateral that meets, the criteria for the 20

percent risk weight category as described in

the instructions for Risk-Weighted Assets

and for Schedule HC-R, Part II, items 1

through 8, above.

• In column H-50% risk weight, include the

credit equivalent amount of over-thecounter derivative contracts with counterparties who meet, or that have guarantees or

collateral that meets, the criteria for the 50

percent risk weight category as described in

the instructions for Risk-Weighted Assets

and for Schedule HC-R, Part II, items 1

through 8, above.

• In column I-100% risk weight, include the

credit equivalent amount of over-thecounter derivative contracts with counterparties who meet, or that have guarantees or

collateral that meets, the criteria for the 100

percent risk weight category as described in

the instructions for Risk-Weighted Assets

and for Schedule HC-R, Part II, items 1

through 8, above. Also include the portion

of the credit equivalent amount reported in

column B that is not included in columns C

through H, J, and R.

• In column J-150% risk weight, include the

credit equivalent amount of over-thecounter derivative contracts with counterparties who meet, or that have guarantees or

collateral that meets, the criteria for the 150

percent risk weight category as described in

the instructions for Risk-Weighted Assets

and for Schedule HC-R, Part II, items 1

through 8, above.

• In columns R and S-Application of Other

Risk-Weighting Approaches, include the portion of over-the-counter derivative contracts that is secured by qualifying financial

collateral that meets the definition of a

securitization exposure in §.2 of the regulatory capital rules or is a mutual fund only if

the holding company chooses to recognize

the risk-mitigating effects of the securitization exposure or mutual fund collateral

under the simple approach or the collateral

haircut approach outlined in §.37 of the

regulatory capital rules. Under the simple

approach, the risk weight assigned to the

collateralized portion of the over-thecounter derivative exposure may not be less

than 20 percent.

o Include in column R the portion of overthe-counter derivative contracts secured

by the fair value or adjusted fair value of

securitization exposure or mutual fund

collateral as determined under the simple

approach or the collateral haircut

approach, respectively; however, the holding company must apply the same

approach for all over-the-counter derivative contracts. In addition, if the holding

company applies the simple approach, it

must apply the same approach - either the

Simplified Supervisory Formula

Approach or the Gross-Up Approach -

that it applies to determine the riskweighted asset amounts of its on- and

off-balance sheet securitization exposures

that are reported in Schedule HC-R, Part

II, items 9 and 10.

o Report in column S the risk-weighted

asset amount of the securitization exposure or mutual fund collateral that collateralizes the portion of over-the-counter

derivative contracts secured by such collateral. Any remaining portion of the

over-the-counter derivative exposure that

is uncollateralized or collateralized by

Schedule HC-R

FR Y-9C HC-R-135

Schedule HC-R September 2015
other qualifying collateral would be

reported in columns C through J, as

appropriate.

For further information, see the discussions of

“Treatment of Collateral and Guarantees” and

“Risk-Weighted Assets for Securitization

Exposures” in the General Instructions for

Schedule HC-R, Part II.

21 Centrally cleared derivatives. Report in column B the credit equivalent amount of centrally cleared derivative contracts covered by

the regulatory capital rules. As described in

§.2 of the regulatory capital rules, a centrally

cleared derivative contract is an exposure

associated with an outstanding derivative contract that an institution, or an institution that is

a clearing member has entered into with a

central counterparty (CCP), that is, a transaction that a CCP has accepted. Include centrally cleared credit derivative contracts held

for trading purposes that are subject to the

market risk capital rule and meet the operational requirements for counterparty credit

risk in §.3 of the regulatory capital rules.

However, do not include the client-facing leg

of a derivative contract cleared through a CCP

or a qualified CCP, which is to be reported as

an over-thecounter derivative in Schedule HC-R, Part II, item 20. For information on

the regulatory capital treatment of settled-tomarket contracts, see the discussion of “Treatment of Certain Centrally Cleared Derivative

Contracts” in the General Instructions for

Schedule HC-R, Part II. Do not include centrally cleared derivative contracts that meet

the definition of a securitization exposure as

described in §.2 of the regulatory capital

rules; such derivative contracts must be

reported in Schedule HC-R, Part II, item 10.

The credit equivalent amount of a centrally

cleared derivative contract to be reported in

column B is determined under either §.35 or

§.133 of the regulatory capital rules. Under

the regulatory capital rule, a non-advanced

approaches holding company that elects to

calculate the exposure amount for its OTC

derivative contracts using the Standardized

Approach— Counterparty Credit Risk Method

(SA-CCR), as described in §.132(c), must

apply the treatment of cleared transactions

under §.133 to its derivative contracts that are

cleared transactions and to all default fund

contributions associated with such derivative

contracts, rather than applying §.35.

A non-advanced approaches holding company must use the same methodology to calculate the exposure amount for all its derivative contracts and may change its election

only with the prior approval of the Board. An

advanced approaches holding company must

apply the treatment of cleared transactions

under §.133 of the regulatory capital rules to

its derivative contracts that are cleared transactions and to all default fund contributions

associated with such derivative contracts.

When using the Current Exposure Method

(CEM), the credit equivalent amount of a

centrally cleared derivative contract is the

sum of its current credit exposure (as reported

in Schedule HC-R, Part II, Memorandum

item 1), plus the potential future exposure

(PFE) over the remaining life of the derivative

contract, plus the fair value of collateral

posted by the clearing member client and held

by the CCP or a clearing member in a manner

that is not bankruptcy remote. The current

credit exposure of a derivative contract is (1)

the fair value of the contract when that fair

value is positive and (2) zero when the fair

value of the contract is negative or zero. The

potential future credit exposure of a contract,

which is based on the type of contract and the

contract’s remaining maturity, is determined

by multiplying the notional principal amount

of the contract by the appropriate credit conversion factor from the following chart. The

notional principal amounts of the reporting

holding company’s centrally cleared derivatives that are subject to the risk-based capital

Schedule HC-R

HC-R-136 FR Y-9C

Schedule HC-R March 2020
Remaining Maturity Interest

Rate

Foreign

exchange

rate and

gold

Credit

(investment

grade

reference

assets)

Credit

(noninvestment

grade reference

assets)

Equity

Precious

metals

(except

gold)

Other

One year or less 0.0% 1.0% 5.0% 10.0% 6.0% 7.0% 10.0%

Greater than one year

& less than or equal to

five years

0.5% 5.0% 5.0% 10.0% 8.0% 7.0% 12.0%

Greater than five years 1.5% 7.5% 5.0% 10.0% 10.0% 8.0% 15.0%

requirements are reported by remaining maturity in Schedule HC-R, Part II, Memorandum

items 3(a) through 3(g).

When using SA-CCR, the credit equivalent

amount of a centrally cleared derivative contract equals an alpha factor of 1.4 multiplied

by the the sum of its current credit exposure

(as reported in Schedule HC-R, Part II, Memorandum item 1), plus the PFE over the remaining life of the derivative contract, plus the fair

value of collateral posted by the clearing

member client bank and held by the CCP or a

clearing member in a manner that is not

bankruptcy remote. When using SA-CCR, a

holding company should use the value of the

replacement cost amount for its current credit

exposure.

Under SA-CCR, the determination of the

replacement cost depends on whether the

counterparty to a holding company is required

to post variation margin. The replacement

cost for a netting set that is not subject to a

variation margin agreement is equal to the

greater of (1) the sum of the fair values (after

excluding any valuation adjustments) of the

derivative contracts within the netting set, less

the net independent collateral amount applicable to such derivative contracts, or (2) zero.

For a netting set that is subject to a variation

margin agreement where the counterparty is

required to post variation margin, replacement

cost is equal to the greater of (1) the sum of

the fair values (after excluding any valuation

adjustments) of the derivative contracts within

the netting set, less the sum of the net independent collateral amount and the variation margin amount applicable to such derivative contracts; (2) the sum of the variation margin

threshold and the minimum transfer amount

applicable to the derivative contracts within

the netting set, less the net independent collateral amount applicable to such derivative contracts; or (3) zero. PFE under SA-CCR is

equal to the product of the PFE multiplier and

the aggregated amount. To determine the

aggregated amount, a bank is required to

determine the hedging set amounts for the

derivative contracts within a netting set, where

a hedging set is comprised of derivative contracts that share similar risk factors based on

asset class (e.g., interest rate, exchange rate,

credit, equity, and commodity).

When using the SA-CCR method, a holding

company may elect to treat settled-to-market

derivative contracts as subject to a variation

margin agreement and receive the benefits of

netting with collateralized-to-market derivative contracts. If a holding company elects to

treat settled-to-market derivative contracts as

subject to a variation margin agreement, it

must apply the maturity factor to such contracts under 12 CFR 217.132(c)(9)(iv)(A) of

the regulatory capital rules. The maturity factor of a derivative contract that is subject to a

variation margin agreement, excluding derivative contracts that are subject to a variation

Schedule HC-R

FR Y-9C HC-R-137

Schedule HC-R March 2020
margin agreement under which the counterparty is not required to post variation margin,

is determined by the following formula:

where MPOR refers to the period from the

most recent exchange of collateral under a

variation margin agreement with a defaulting

counterparty until the derivative contracts are

closed out and the resulting market risk is

re-hedged.

• In column C-0% risk weight, include the

credit equivalent amount of centrally cleared

derivative contracts with CCPs and other

counterparties who meet, or that have guarantees or collateral that meet the criteria for

the zero percent risk weight category as

described in the instructions for RiskWeighted Assets and for Schedule HC-R,

Part II, items 1 through 8, above.

• In column D-2% risk weight, include the

credit equivalent amount of centrally cleared

derivative contracts with Qualified Central

Counterparties (QCCPs) where the collateral posted by the holding company to the

QCCP or clearing member is subject to an

arrangement that prevents any losses to the

clearing member client due to the joint

default or a concurrent insolvency, liquidation, or receivership proceeding of the clearing member and any other clearing member

clients of the clearing member; and the

clearing member client holding company

has conducted sufficient legal review to

conclude with a well-founded basis (and

maintains sufficient written documentation

of that legal review) that in the event of a

legal challenge (including one resulting

from default or from liquidation, insolvency, or receivership proceeding) the relevant court and administrative authorities

would find the arrangements to be legal,

valid, binding and enforceable under the

law of the relevant jurisdictions. See the

definition of QCCP in §.2 of the regulatory

capital rules.

• In column E-4% risk weight, include the

credit equivalent amount of centrally cleared

derivative contracts with QCCPs in all other

cases that do not meet the qualification

criteria for a 2 percent risk weight, as

described in §.2 of the regulatory capital

rules.

• In column G-20% risk weight, include the

credit equivalent amount of centrally cleared

derivative contracts with CCPs and other

counterparties who meet, or that have guarantees or collateral that meets, the criteria

for the 20 percent risk weight category as

described in the instructions for RiskWeighted Assets and for Schedule HC-R,

Part II, items 1 through 8, above.

• In column H-50% risk weight, include the

credit equivalent amount of centrally cleared

derivative contracts with CCPs and other

counterparties who meet, or that have guarantees or collateral that meets, the criteria

for the 50 percent risk weight category as

described in the instructions for RiskWeighted Assets and for Schedule HC-R,

Part II, items 1 through 8, above.

• In column I-100% risk weight, include the

credit equivalent amount of centrally cleared

derivative contracts with CCPs and other

counterparties who meet, or that have guarantees or collateral that meets, the criteria

for the 100 percent risk weight category

asdescribed in the instructions for RiskWeighted Assets and for Schedule HC-R,

Part II, items 1 through 8, above. Also

include the portion of the credit equivalent

amount reported in column B that is not

included in columns C through H and J.

• In column J-150% risk weight, include the

credit equivalent amount of centrally cleared

derivative contracts with CCPs and other

counterparties who meet, or that have guarantees or collateral that meets, the criteria

for the 150 percent risk weight category as

Maturity Factor 3 MPOR

2 250

,

Schedule HC-R

HC-R-138 FR Y-9C

Schedule HC-R March 2020
described in the instructions for RiskWeighted Assets and for Schedule HC-R,

Part II, items 1 through 8, above.

22 Unsettled transactions (failed trades).

Note: This item includes unsettled transactions in the reporting holding company’s

trading book and in its banking book. Report

as unsettled transactions all on- and offbalance sheet transactions involving securities, foreign exchange instruments, and commodities that have a risk of delayed

settlement or delivery, or are already

delayed, and against which the reporting

holding company must hold risk-based capital as described in §.38 of the regulatory

capital rules.

For delivery-versus-payment (DvP) transactions49 and payment-versus-payment (PvP)

transactions,50 report in column A the positive current exposure of those unsettled

transactions with a normal settlement period

in which the reporting holding company’s

counterparty has not made delivery or payment within five business days after the

settlement date, which are the DvP and PvP

transactions subject to risk weighting under

§.38 of the regulatory capital rules. Positive

current exposure is equal to the difference

between the transaction value at the agreed

settlement price and the current market price

of the transaction, if the difference results in

a credit exposure of the holding company to

the counterparty.

For delayed non-DvP/non-PVP transactions,51 also include in column A the current

fair value of the deliverables owed to the

holding company by the counterparty in

those transactions with a normal settlement

period in which the reporting holding company has delivered cash, securities, commodities, or currencies to its counterparty,

but has not received its corresponding deliverables, which are the non-DvP/non-PvP

transactions subject to risk weighting under

§.38 of the regulatory capital rules.

Do not include in this item: (1) cleared

transactions that are marked-to-market daily

and subject to daily receipt and payment of

variation margin; (2) repo-style transactions, including unsettled repo-style transactions; (3) one-way cash payments on overthe-counter derivatives; and (4) transactions

with a contractual settlement period that is

longer than the normal settlement period

(generally greater than 5 business days).

• In column C-0% risk weight, include the

fair value of deliverables owed to the holding company by a counterparty that qualifies for a zero percent risk weight under

§.32 of the regulatory capital rules that have

been delayed one to four business days for

non-DvP/non-PvP transactions.

• In column G-20% risk weight, include the

fair value of deliverables owed to the holding company by a counterparty that qualifies for a 20 percent risk weight under §.32

of the regulatory capital rules that have

been delayed one to four business days for

non-DvP/non-PvP transactions.

• In column H-50% risk weight, include the

fair value of deliverables owed to the holding company by a counterparty that qualifies for a 50 percent risk weight under §.32

of the regulatory capital rules that have

been delayed one to four business days for

non-DvP/non-PvP transactions.

• In column I-100% risk weight, include:

o The fair value of deliverables owed to the

holding company by a counterparty that

qualifies for a 100 percent risk weight

under §.32 of the regulatory capital rules

49. Delivery-versus-payment transaction means a securities or commodities transaction in which the buyer is obligated to make payment only

if the seller has made delivery of the securities or commodities and the

seller is obligated to deliver the securities or commodities only if the buyer

has made payment.

50. Payment-versus-payment transaction means a foreign exchange

transaction in which each counterparty is obligated to make a final transfer

of one or more currencies only if the other counterparty has made a final

transfer of one or more currencies.

51. Non-DvP/non-PvP transaction means any other delayed or unsettled

transaction that does not meet the definition of a delivery-versus-payment

or a payment-versus-payment transaction.

Schedule HC-R

FR Y-9C HC-R-139

Schedule HC-R March 2020
that have been delayed one to four business days for non-DvP/non-PvP transactions.

o The positive current exposure of DvP and

PvP transactions in which the counterparty has not made delivery or payment

within 5 to 15 business days after the

contractual settlement date.

• In column J-150% risk weight, include the

fair value of deliverables owed to the holding company by a counterparty that qualifies for a 150 percent risk weight under §.32

of the regulatory capital rules that have

been delayed one to four business days for

non-DvP/non-PvP transactions.

• In column O-625% risk weight, the positive

current exposure of DvP and PvP transactions in which the counterparty has not

made delivery or payment within 16 to 30

business days after the contractual settlement date.

• In column P-937.5% risk weight, the positive current exposure of DvP and PvP transactions in which the counterparty has not

made delivery or payment within 31 to 45

business days after the contractual settlement date.

• In column Q-1250% risk weight, include:

o The positive current exposure of DvP and

PvP transactions in which the counterparty has not made delivery or payment

within 46 or more business days after the

contractual settlement date;

o The fair value of the deliverables in NonDvP/non-PvP transactions in which the

holding company has not received deliverables from the counterparty five or

more business days after which the delivery was due.

Totals

23 Total assets, derivatives, off-balance sheet items,

and other items subject to risk weighting by

risk weight category. For each of columns C

through P, report the sum of items 11 through 22.

For column Q, report the sum of items 10

through 22.

24 Risk weight factor.

25 Risk-weighted assets by risk weight category.

For each of columns C through Q, multiply the

amount in item 23 by the risk weight factor

specified for that column in item 24.

26 Risk-weighted assets base for purposes of calculating the allowance for loan and lease losses,

1.25 percent threshold. Report the sum of:

• Schedule HC-R, Part II:

o Items 2(b) through 20, column S;

o Items 9(a), 9(b), 9(c), 9(d), and 10, columns

T and U; and

o Item 25, columns C through Q

• Schedule HC-R, Part I:

o The portion of item 10(b) composed of

“Investments in the holding company’s own

shares to the extent not excluded as part of

treasury stock,”

o The portion of item 10(b) composed of

‘‘Reciprocal cross-holdings in the capital of

financial institutions in the form of common

stock,’’

o Item 11 (advanced approaches holding companies only)

o Items 13 through 15: items 13.a, 14.a,

and 15.a for non-advanced approaches holding companies and 13 through 16:

items 13.b, 14.b, 15.b, and 16, column B,

for advanced approaches holding companies.

o Item 24, excluding the portion of item 24

composed of tier 2 capital deductions

reported in Part I, item 43, for which the

holding company does not have a sufficient

amount of tier 2 capital before deductions

reported in Part I, item 42.a, to absorb these

deductions, and

o Item 43.

For holding companies that have adopted the

current expected credit losses methodology

Schedule HC-R

HC-R-140 FR Y-9C

Schedule HC-R June 2020
(CECL), the risk-weighted assets base reported in

this item 26 is for purposes of calculating the

adjusted allowances for credit losses (AACL)

1.25 percent threshold.

NOTE: Item 27 is applicable only to holding companies

that are subject to the market risk capital rule.

27 Standardized market risk-weighted assets.

Report the amount of the holding company’s

standardized market risk-weighted assets. This

line item is applicable only to those holding

companies covered by Subpart F of the regulatory

capital rules (i.e., the market risk capital rule), as

provided in §.201 of the regulatory capital rules.

A holding company’s measure for market risk for

its covered positions is the sum of its value-atrisk (VaR)-based, stressed VaR-based, incremental risk, and comprehensive risk capital requirements plus its specific risk add-ons and any

capital requirement for de minimis exposures. A

holding company’s market risk-weighted assets

equal its measure for market risk multiplied by

12.5 (the reciprocal of the minimum 8.0 percent

capital ratio).

A covered position is a trading asset or trading

liability (whether on- or off-balance sheet), as

reported on Schedule HC-D, that is held for any

of the following reasons:

(1) For the purpose of short-term resale;

(2) With the intent of benefiting from actual or

expected short-term price movements;

(3) To lock in arbitrage profits; or

(4) To hedge another covered position.

Additionally, the trading asset or trading liability

must be free of any restrictive covenants on its

tradability or the holding company must be able

to hedge the material risk elements of the trading

asset or trading liability in a two-way market. A

covered position also includes a foreign exchange

or commodity position, regardless of whether the

position is a trading asset or trading liability

(excluding structural foreign currency positions if

supervisory approval has been granted to exclude

such positions).

A covered position does not include:

(1) An intangible asset (including any servicing

asset);

(2) A hedge of a trading position that is outside

the scope of the holding company’s hedging

strategy;

(3) Any position that, in form or substance, acts

as a liquidity facility that provides support to

asset-backed commercial paper;

(4) A credit derivative recognized as a guarantee

for risk-weighted asset calculation purposes under

the regulatory capital rules for credit risk;

(5) An equity position that is not publicly traded

(other than a derivative that references a publicly

traded equity);

(6) A position held with the intent to securitize;

or

(7) A direct real estate holding.

28 Risk-weighted assets before deductions for

excess allowance for loan and lease losses,

and allocated transfer risk reserve. Report

the sum of items 2(b) through 20, column S;

items 9(a), 9(b), 9(c), 9(d), and 10, columns T

and U; item 25, columns C through Q; and, if

applicable, item 27. (Item 27 is applicable

only to holding companies that are subject to

the market risk capital rule).

For holding companies that have adopted the

current expected credit losses methodology

(CECL), the risk-weighted assets reported in

this item 28 represents the amount of riskweighted assets before deductions for excess

adjusted allowances for credit losses (AACL)

and allocated transfer risk reserve.

29 LESS: Excess allowance for loan and lease

losses. Report the amount, if any, by which

the holding company’s ALLL or AACL, as

applicable for regulatory reporting purposes

exceeds 1.25 percent of the holding company’s risk-weighted assets base reported in

Schedule HC-R, Part II, item 26.

For a holding company that has not adopted

the current expected credit losses methodology (CECL), the holding company’s ALLL

Schedule HC-R

FR Y-9C HC-R-141

Schedule HC-R March 2020
for regulatory capital purposes equals Schedule HC, item 4(c), “Allowance for loan and

lease losses,” less any allocated transfer risk

reserve included in Schedule HC, item 4(c)

plus Schedule HC-G, item 3, ‘‘Allowance for

credit losses on off-balance sheet credit exposures.’’ If a holding company’s ALLL or

AACL, as applicable for regulatory capital

purposes, as defined in the preceding sentence,

exceeds 1.25 percent of Schedule HC-R, Part

II, item 26, the amount to be reported in this

item equals the holding company’s ALLL or

AACL, as applicable for regulatory capital

purposes less Schedule HC-R, Part I,

item 40(a), “Allowance for loan and lease

losses includable in Tier 2 capital.”

For a holding company that has adopted

CECL, the holding company’s AACL for

regulatory capital purposes equals Schedule H,

Part II, item 7, columns A and B, “Balance end

of current period” for loans and leases held for

investment and held-to-maturity debt securities, respectively; plus Schedule HI-B, Part II,

Memorandum item 6, “Allowance for credit

losses on other financial assets measured at

amortized cost (not included in item 7, above)”;

less Schedule HC-R, Part II, sum of Memorandum items 5(a), 5(b) and 5(c) “Amount of

allowances for credit losses on purchased

credit-deteriorated assets” for loans and leases

held for investment, held-to-maturity debt

securities, and other financial assets measured

at amortized cost, respectively; less any allocated transfer risk reserve included in Schedule HI-B, Part II, item 7, columns A and B,

and Memorandum item 6; plus Schedule HC-G,

item 3, “Allowance for credit losses on offbalance sheet credit exposures.”

For a holding company that has not adopted

CECL, the sum of the amounts reported in

Schedule HC-R Part I, item 40(a), and Schedule HC-R, Part II, item 29, must equal Schedule HC item 4(c) less any allocated transfer

risk reserve included in Schedule HC item 4(c),

plus Schedule HC-G, item 3.

30 LESS: Allocated transfer risk reserve. Report

the entire amount of any allocated transfer risk

reserve (ATRR) the reporting holding company

is required to establish and maintain as specified

in Section 905(a) of the International Lending

Supervision Act of 1983, in the agency regulations implementing the Act (Subpart D of Federal Reserve Regulation K), and in any guidelines, letters, or instructions issued by the

agencies. The entire amount of the ATRR equals

the ATRR related to loans and leases held for

investment (which is reported in Schedule HI-B,

Part II, Memorandum item 1) plus the ATRR for

assets other than loans and leases held for

investment.

31 Total risk-weighted assets. Report the amount

derived by subtracting items 29 and 30 from

item 28.

Note: Items Memo 1, 2 and 3, columns A, B and C are

to be reported semiannually in June and December by

HCs with less than $5 billion in total assets.

Memoranda

Item No. Caption and Instructions

M1 Current credit exposure across all derivative contracts covered by the regulatory

capital rules. Report the total current credit

exposure amount when using the Current

Exposure Method (CEM) or replacement cost

amount when using the Standardized

Approach - Counterparty Credit Risk Method

(SA-CCR) after considering qualified master

netting agreement, as defined under the capital rule derivative contracts that are over-thecounter derivative contracts (as defined in §.2

of the regulatory capital rules) and all derivative contracts that are cleared transactions (as

described in §.2 of the regulatory capital

rules) and are covered by §.34, §.35, §.132,

and §.133 of the regulatory capital rules, as

applicable. Holding companies that are subject to the market risk capital rule should

exclude all covered positions subject to that

rule, except for foreign exchange derivatives

that are outside of the trading account. Foreign exchange derivatives that are outside of

the trading account and all over-the-counter

derivatives continue to have a counterparty

credit risk capital charge and, therefore, a

Schedule HC-R

HC-R-142 FR Y-9C

Schedule HC-R March 2020
current credit exposure amount for these

derivatives should be reported in this item.

Include the current credit exposure arising

from credit derivative contracts where the

holding company is the protection purchaser

(beneficiary) and the credit derivative contract is either (a) defined as a covered position under the market risk capital rule or (b)

not defined as a covered position under the

market risk capital rule and is not recognized

as a guarantee for regulatory capital purposes.

As discussed further below, current credit

exposure (sometimes referred to as the

replacement cost) is the fair value of a derivative contract when that fair value is positive.

The current credit exposure is zero when the

fair value is negative or zero.

Exclude the positive fair value of derivative

contracts that are neither over-the-counter

derivative contracts nor derivative contracts

that are cleared transactions under §.2 of the

regulatory capital rules. Such derivative contracts include written option contracts, including so-called “derivative loan commitments,”

i.e., a lender’s commitment to originate a

mortgage loan that will be held for resale.

Written option contracts that are, in substance, financial guarantees, are discussed

below. For “derivative loan commitments,”

which are reported as over-the-counter written option contracts in Schedule HC-L, if the

fair value of such a commitment is positive

and reported as an asset in Schedule HC,

item 11, this positive fair value should be

reported in the appropriate risk-weight category in Schedule HC-R, Part II, item 8, and

not as a component of the current credit

exposure to be reported in this item.

Purchased options held by the reporting holding company that are traded on an exchange

are covered by the regulatory capital rules

unless such options are subject to a daily

variation margin. Variation margin is defined

as the gain or loss on open positions, calculated by marking to market at the end of each

trading day. Such gain or loss is credited or

debited by the clearing house to each clearing

member’s account, and by members to their

customers’ accounts.

If a written option contract acts as a financial

guarantee that does not meet the definition of

a securitization exposure as described in §.2

of the regulatory capital rules, then for riskbased capital purposes the notional amount

of the option should be included in Schedule

HC-R, Part II, item 17, column A, as part of

‘‘All other off-balance sheet liabilities.’’ An

example of such a contract occurs when the

reporting holding company writes a put option

to a second holding company or a bank that

has a loan to a third party. The strike price

would be the equivalent of the par value of

the loan. If the credit quality of the loan

deteriorates, thereby reducing the value of

the loan to the second holding company or

bank, the reporting holding company would

be required by the second holding company

or bank to take the loan onto its books.

Do not include derivative contracts that meet

the definition of a securitization exposure as

described in §.2 of the regulatory capital

rules; such derivative contracts must be

reported in Schedule HC-R, Part II, item 10.

Current credit exposure, when using CEM, or

replacement cost, when using SA-CCR,

should be derived as follows: Determine

whether a qualifying master netting agreement, as defined in §.2 of the regulatory

capital rules, is in place between the reporting holding company and a counterparty. If

such an agreement is in place, the fair values

of all applicable derivative contracts with

that counterparty that are included in the

netting agreement are netted to a single

amount.

Next, for all other contracts covered by the

regulatory capital rules that have positive fair

values, the total of the positive fair values is

determined. Then, report in this item the sum

of (i) the net positive fair values of applicable

derivative contracts subject to qualifying

master netting agreements and (ii) the total

positive fair values of all other contracts

Schedule HC-R

FR Y-9C HC-R-143

Schedule HC-R March 2020
covered by the regulatory capital rules for

both over-the-counter and centrally cleared

contracts. The current credit exposure

reported in this item is a component of the

credit equivalent amount of derivative contracts that is to be reported in Schedule

HC-R, items 20 or 21, column B, depending

on whether the contracts are centrally cleared.

M2 Notional principal amounts of over-thecounter derivative contracts. Report in the

appropriate subitem and column the notional

amount or par value of all over-the-counter

derivative contracts, including credit derivatives, that are subject to §.34 or §.132 of the

regulatory capital rules.52 Such contracts

include swaps, forwards, and purchased

options. Do not include over-the-counter

derivative contracts that meet the definition

of a securitization exposure as described in

§.2 of the regulatory capital rules; such

derivative contracts must be reported in

Schedule HC-R, Part II, item 10. Report

notional amounts and par values in the column corresponding to the OTC derivative

contract’s remaining term to maturity from

the report date. Remaining maturities are to

be reported as (1) one year or less in column

A, (2) over one year through five years in

column B, or (3) over five years in column C.

Regardless of whether a holding company

uses the standardized approach for counterparty credit risk (SA-CCR) or the current

exposure methodology (CEM) to calculate

exposure amounts for its derivative contracts,

report in Schedule HC-R, Part II, memorandum items 2.a through 2.g, the notional

amounts of the contracts, as this term is

defined in U.S. generally accepted accounting

principles, unless a derivative contract has a

multiplier component as discussed in the

following paragraph.

The notional amount or par value to be

reported for an OTC derivative contract with

a multiplier component under SA-CCR and

CEM is the contract’s effective notional

amount or par value. (For example, a swap

contract with a stated notional amount of

$1,000,000 whose terms call for quarterly

settlement of the difference between 5 percent and LIBOR multiplied by 10 has an

effective notional amount of $10,000,000.)

The notional amount to be reported for an

amortizing OTC derivative contract under

SA-CCR and CEM is the contract’s current

(or, if appropriate, effective) notional amount.

This notional amount should be reported in

the column corresponding to the contract’s

remaining term to final maturity.

For descriptions of “interest rate contracts,”

“foreign exchange contracts,” “commodity

and other contracts,” and “equity derivative

contracts,” refer to the instructions for Schedule HC-L, item 12. For a description of

“credit derivative contracts,” refer to the

instructions for Schedule HC-L, item 7.

Exclude from this item the notational amount

of OTC written contracts, including so-called

“derivative loan commitments,” which are

not subject to §.34 of the regulatory capital

rules.

When using SA-CCR, include gold in the

precious metals category for Schedule HC-R,

Part II, Memorandum items 2.f and 3.f and

exclude gold from the foreign exchange rate

category for Schedule HC-R, Part II, Memorandum items 2.b and 3.b.

When using SA-CCR, a holding company

may elect to treat a credit or equity derivative

contract that references an index as if it were

multiple derivative contracts each referencing one component of the index. Thus, under

this election, a holding company would apply

the SA-CCR methodology to each decomposed component of the index instead of

applying the SA-CCR methodology to the

index derivative contract. A holding company must allocate the notional amount in the

same category that it elected for purposes of

applying the regulatory capital rules.

52. See the instructions for Schedule HC-R, Part II, item 20, for the

definition of an OTC derivative contract.

Schedule HC-R

HC-R-144 FR Y-9C

Schedule HC-R June 2021
When using SA-CCR, a holding company

may elect to treat a commodity derivative

contract that references an index as if it were

multiple derivative contracts each referencing one component of the index. A holding

company must allocate the notional amount

in the same category that it elected for purposes of applying the regulatory capital rules.

2(a) and Interest rate. Report the remaining maturities of interest rate contracts that are

3(a) subject to the regulatory capital rules.

2(b) and Foreign exchange rate and gold. Report the remaining maturities of foreign

3(b) exchange contracts and the remaining maturities of gold contracts that are subject to the regulatory capital

rules.

2(c) and Credit (investment grade reference asset). Report the remaining maturities of

3(c) those credit derivative contracts where the reference entity meets the definition of investment grade as

described in §.2 of the regulatory capital rules.

2(d) and 2(d)Credit (non-investment grade reference asset). Report the remaining maturities of

3(d) those credit derivative contracts where the reference entity does not meet the definition of investment grade

as described in §.2 of the regulatory capital rules.

2(e) and Equity. Report the remaining maturities of equity derivative contracts that are

3(e) subject to the regulatory capital rules.

2(f) and Precious metals (except gold). Report the remaining maturities of other precious

3(f) metals contracts that are subject to the regulatory capital rules. Report all silver, platinum, and palladium

contracts.

2(g) and Other. Report the remaining maturities of other derivative contracts that are subject

3(g) to the regulatory capital rules. For contracts with multiple exchanges of principal, notional amount is

determined by multiplying the contractual amount by the number of remaining payments (i.e., exchanges of

principal) in the derivative contract.

M3 Notional principal amounts of centrally

cleared derivative contracts. Report in the

appropriate subitem and column the notional

amount or par value of all derivative contracts, including credit derivatives, that are

cleared transactions (as described in §.2 of

the regulatory capital rules) and are subject to

§.35 of the regulatory capital rules.53 Such

centrally cleared derivative contracts include

swaps, forwards, and purchased options. Do

not include centrally cleared derivative contracts that meet the definition of a securitization exposure as described in §.2 or §1.33 of

the regulatory capital rules; such derivative

contracts must be reported in Schedule HC-R,

Part II, item 10. Report notional amounts and

par values in the column corresponding to the

centrally cleared derivative contract’s remaining term to maturity from the report date.

Remaining maturities are to be reported as

(1) one year or less in column A, (2) over one

year through five years in column B, or (3)

over five years in column C.

Regardless of whether a holding company

uses the standardized approach for counterparty credit risk (SA-CCR) or the current

exposure methodology (CEM) to calculate

exposure amounts for its derivative contracts,

report in Schedule HCR, Part II, Memorandum items 3.a through 3.g, the notional

amounts of the contracts, as this term is

defined in U.S. generally accepted accounting

principles, unless a derivative contract has a

53. See the instructions for Schedule HC-R, Part II, item 21, for the

description of a centrally cleared derivative contract.

Schedule HC-R

FR Y-9C HC-R-145

Schedule HC-R June 2021
multiplier component as discussed in the

following paragraph.

The notional amount or par value to be

reported under SA-CCR and CEM for a

centrally cleared derivative contract with a

multiplier component is the contract’s effective notional amount or par value. (For example, a swap contract with a stated notional

amount of $1,000,000 whose terms call for

quarterly settlement of the difference between

5 percent and LIBOR multiplied by 10 has an

effective notional amount of $10,000,000.)

The notional amount to be reported under

SA-CCR and CEM for an amortizing derivative contract is the contract’s current (or, if

appropriate, effective) notional amount. This

notional amount should be reported in the

column corresponding to the contract’s

remaining term to final maturity.

For purposes of reporting remaining maturities in Schedule HC-R, Part II, memorandum

3.a through 3.g, settled-to-market cleared

derivatives should be treated in the following

manner: When a holding company uses CEM

for risk-based capital purposes, if a cleared

derivative contract meets the settled-tomarket cleared derivative criteria in the banking agencies’ August 2017 supervisory guidance on the regulatory capital treatment of

certain centrally cleared derivative contracts,54 the remaining maturity equals the

time until the next exchange of variation

margin on the contract.

When a holding company uses SA-CCR, if a

cleared derivative contract meets the settledto-market cleared derivative criteria in the

banking agencies’ August 2017 supervisory

guidance on the regulatory capital treatment

of certain centrally cleared derivative contracts,55 the remaining maturity equals the

time until the next exchange of variation

margin on the contract.

However, if the holding company elects to

treat such a settled-to-market cleared derivative as a collateralized-to-market cleared

derivative, the remaining maturity of the

derivative should be determined as E – S,

where E is the number of business days from

the present day (i.e., the report date) until the

end date of the derivative contract and S is

the number of business days from the present

day until the start date of the derivative

contract.

For descriptions of “interest rate contracts,”

“foreign exchange contracts,” “commodity

and other contracts,” and “equity derivative

contracts,” refer to the instructions for Schedule HC-L, item 12. For a description of

“credit derivative contracts,” refer to the

instructions for Schedule HC-L, item 7.

When using SA-CCR, include gold in the

precious metals category for Schedule HC-R,

Part II, memorandum item 3.f and exclude

gold from the foreign exchange rate category

for Schedule HC-R, Part II, memorandum

item 3.b.

When using SA-CCR, a holding company

may elect to treat a credit or equity derivative

contract that references an index as if it were

multiple derivative contracts each referencing one component of the index. Thus, under

this election, a holding company would apply

the SA-CCR methodology to each decomposed component of the index instead of

applying the SACCR methodology to the

index derivative contract. A holding company must allocate the notional amount in the

same category that it elected for purposes of

applying the regulatory capital rules.

When using SA-CCR, a holding company

may elect to treat a commodity derivative

contract that references an index as if it were

multiple derivative contracts each referencing one component of the index. A holding

company must allocate the notional amount

in the same category that it elected for purposes of applying the regulatory capital rules.

54. For information on the settled-to-market cleared derivative criteria

that are to be met, refer also to the discussion of ”Treatment of Certain

Centrally Cleared Derivative Contracts” in the General Instructions for

Schedule HC-R, Part II.

55. See footnote 46.

Schedule HC-R

HC-R-146 FR Y-9C

Schedule HC-R March 2020
M4 Standardized market risk-weighted assets

attributable to specific risk (included in

Schedule HC-R, item 27).

NOTE: Memorandum item 4 is applicable

only to holding companies that are subject to

the market risk capital rule.

Report the amount of the holding company’s

market risk-weighted assets attributable to

specific risk, included in Schedule HC-R,

Part II, item 26, “Standardized measurement

of market risk-weighted assets (applicable to

all holding companies that are covered by the

Market Risk Rule).” Specific risk refers to

changes in the market value of specific positions due to factors other than broad market

movements and includes event and default

risk. For further background information, holding companies should refer to the discussion

of ‘‘Holding companies that are subject to the

market risk capital rules’’ in the RiskWeighted Assets section of these instructions,

the line item instructions for Schedule HC-R,

Part II, item 27, and the regulatory capital

rules for specific instructions on the calculation of the measure of market risk.

M5 Amounts of allowances for credit losses on

purchased credit-deteriorated assets: ASU

2016-13 introduces the concept of purchased

credit-deteriorated (PCD) assets as a replacement for purchased credit-impaired (PCI)

assets. The PCD asset definition covers a

broader range of assets than the PCI asset

definition. As defined in ASU 2016-13, “purchased credit-deteriorated assets” are acquired

individual financial assets (or acquired groups

of financial assets with similar risk characteristics) accounted for in accordance with ASC

Topic 326, Financial Instruments—Credit

Losses, that, as of the date of acquisition, have

experienced a more-than-insignificant deterioration in credit quality since origination, as

determined by the acquiring institution’s

assessment.

ASU 2016-13 requires holding companies to

estimate and record a credit loss allowance for

a PCD asset at the time of purchase. The credit

loss allowance is then added to the purchase

price to determine the amortized cost basis of

the asset for financial reporting purposes.

Post-acquisition increases in credit loss allowances on PCD assets will be established

through a charge to earnings. This accounting

treatment for PCD assets is different from the

current treatment of PCI assets, for which

institutions are not permitted to estimate and

recognize credit loss allowances at the time of

purchase. Rather, in general, credit loss allowances for PCI assets are estimated subsequent

to the purchase only if there is deterioration in

the expected cash flows from the assets.

NOTE: Memorandum items 5(a) through 5(c)

should be completed only by holding companies that have adopted FASB Accounting

Standards Update No. 2016-13 (ASU 2016-

13), which governs the accounting for credit

losses. Institutions that have not adopted

ASU 2016-13 should leave Memorandum

items 5(a) through 5(c) blank.

5a Amounts of allowances for credit losses on

purchased credit-deteriorated assets: Loans

and leases held for investment. Report all

allowances for credit losses on PCD loans and

leases.

5b Amounts of allowances for credit losses on

purchased credit-deteriorated assets: Heldto-maturity debt securities. Report all allowances for credit losses on PCD HTM debt

securities.

5c Amounts of allowances for credit losses on

purchased credit-deteriorated assets: Other

financial assets measured at amortized cost.

Report all allowances for credit losses on all

other PCD assets, excluding PCD loans, leases,

HTM debt securities, and AFS debt securities.

Schedule HC-R

FR Y-9C HC-R-147

Schedule HC-R March 2019
LINE ITEM INSTRUCTIONS FOR

Servicing, Securitization,

and Asset Sale Activities

Schedule HC-S

General Instructions

Schedule HC-S should be completed on a fully consolidated basis by holding companies with $5 billion or

more in total assets. Schedule HC-S includes information

on 1–4 family residential mortgages and other financial

assets serviced for others (in Memorandum items 2(a),

2(b), and 2(c)). Schedule HC-S also includes information

on assets that have been securitized or sold and are not

reportable on the balance sheet (Schedule HC), except

for credit-enhancing interest-only strips (which are

reported in item 2 of this schedule), subordinated securities and other enhancements (which are reported in

items 2 and 9, and Memorandum items 3(a)(1) and

(2)), and seller’s interests (which are reported in item 6).

Column Instructions

Column A, 1–4 Family Residential Loans: 1–4 family residential loans are permanent closed-end loans

secured by first or junior liens on 1–to–4 family residential properties as defined for Schedule HC-C,

items 1(c)(2)(a) and 1(c)(2)(b).

Column B, Home Equity Lines: Home equity lines

are revolving, open-end lines of credit secured by1– to–4

family residential properties as defined for Schedule HC-C, item 1(c)(1).

Column C, Credit Card Receivables: Credit card

receivables are extensions of credit to individuals for

household, family, and other personal expenditures arising from credit cards as defined for Schedule HC-C,

item 6(a).

Column D, Auto Loans: Auto loans are loans to

individuals for the purpose of purchasing private passenger vehicles, including minivans, vans, sport-utility vehicles, pickup trucks, and similar light trucks for personal

use, as defined for Schedule HC-C, item 6(c).

Column E, Other Consumer Loans: Other consumer

loans are loans to individuals for household, family,

and other personal expenditures as defined for Schedule HC-C, items 6(b) and 6(d).

Column F, Commercial and Industrial Loans: Commercial and industrial loans are loans for commercial and

industrial purposes to sole proprietorships, partnerships,

corporations, and other business enterprises, whether

secured (other than by real estate) or unsecured, singlepayment or installment, as defined for Schedule HC-C,

item 4.

Column G, All Other Loans, All Leases, and All Other

Assets: All other loans are loans that cannot properly

be reported in Columns A through F of this schedule as

defined for Schedule HC-C, items 1(a), 1(b), 1(d), 1(e), 2,

3, 7 and 9. All leases are all lease financing receivables as

defined for Schedule HC-C, item 10. All other assets are

all assets other than loans and leases, e.g., securities.

For purposes of items 1 through 10 of Schedule HC-S on

bank securitization activities and other securitization

facilities, information about each separate securitization

should be included in only one of the columns of this

schedule. The appropriate column for a particular securitization should be based on the predominant type of loan,

lease, or other asset included in the securitization and this

column should be used consistently over time. For example, a securitization may include auto loans to individuals

and to business enterprises. If these auto loans are

predominantly loans to individuals, all of the requested

information about this securitization should be included

in Column D, Auto Loans.

Definitions

For purposes of this schedule, the following definitions

of terms are applicable.

FR Y-9C HC-S-1

Schedule HC-S December 2019
Recourse or other seller-provided credit enhancement

means an arrangement in which the reporting institution

retains, in form or in substance, any risk of credit loss

directly or indirectly associated with a transferred (sold)

asset that exceeds its pro rata claim on the asset. It

also includes a representation or warranty extended by

the reporting institution when it transfers an asset, or

assumed by the institution when it services a transferred

asset, that obligates the institution to absorb credit losses

on the transferred asset. Such an arrangement typically

exists when the institution transfers assets and agrees to

protect purchasers or some other party, e.g., investors in

securitized assets, from losses due to default by or

nonperformance of the obligor on the transferred assets

or some other party. The reporting institution provides

this protection by retaining:

(1) an interest in the transferred assets, e.g., creditenhancing interest-only strips, “spread” accounts,

subordinated interests or securities, collateral invested

amounts, and cash collateral accounts, that absorbs

losses, or

(2) an obligation to repurchase the transferred assets

in the event of a default of principal or interest on the

transferred assets or any other deficiency in the performance of the underlying obligor or some other party.

Credit-enhancing interest-only strip, as defined in the

regulatory capital standards, means an on-balance sheet

asset that, in form or in substance: (i) represents the

contractual right to receive some or all of the interest due

on transferred assets; and (ii) exposes the holding company to credit risk directly or indirectly associated with

the transferred assets that exceeds a pro rata share of the

holding company’s claim on the assets, whether through

subordination provisions or other credit enhancement

techniques. Credit-enhancing interest-only strips include

other similar “spread” assets and can be either retained or

purchased.

Subordinated interests and subordinated securities

retained by the institution when it securitizes assets

expose the institution to more than its pro rata share of

loss and thus are considered a form of credit enhancement to the securitization structure.

Liquidity facility means any arrangement, including servicer cash advances, in which the reporting institution is

obligated to provide funding to a securitization structure

to ensure investors of timely payments on issued securities, e.g., by smoothing timing differences in the receipt

of interest and principal payments on the underlying

securitized assets, or to ensure investors of payments in

the event of market disruptions. Advances under such a

facility are typically reimbursed from subsequent collections by the securitization structure and are not subordinated to other claims on the cash flows from the

underlying assets and, therefore, should generally not be

construed to be a form of credit enhancement. However,

if the advances under such a facility are subordinated to

other claims on the cash flows, the facility should be

treated as a credit enhancement for purposes of this

schedule.

Seller’s interest means the reporting institution’s ownership interest in loans that have been securitized, except an

interest that is a form of recourse or other seller-provided

credit enhancement. Seller’s interests should be reported

on Schedule HC—Balance Sheet—as securities or as

loans depending on the form in which the interest is held.

However, seller’s interests differ from the securities

issued to investors by the securitization structure. The

principal amount of a seller’s interest is generally equal

to the total principal amount of the pool of assets

included in the securitization structure less the principal

amount of those assets attributable to investors, i.e., in

the form of securities issued to investors.

Bank Securitization Activities

A holding company should report information in Schedule HC-S, items 1 through 6, only for those securitizations for which the transferred assets qualify for sale

accounting or are otherwise not carried as assets on the

holding company’s consolidated balance sheet.

Line Item Instructions

Securitization Activities

Line Item 1 Outstanding principal balance of

assets sold and securitized with servicing retained

or with recourse or other seller-provided credit

enhancements.

Report in the appropriate column the principal balance

outstanding as of the report date of loans, leases, and

other assets, which the reporting institution has sold and

securitized while:

(1) retaining the right to service these assets, or

Schedule HC-S

HC-S-2 FR Y-9C

Schedule HC-S June 2018
(2) when servicing has not been retained, retaining

recourse or providing other seller-provided credit

enhancements to the securitization structure.

Include in column C the amount outstanding of any credit

card fees and finance charges that the reporting holding

company has securitized and sold in connection with its

securitization and sale of credit card receivable balances.

Include the principal balance outstanding of loans the

reporting holding company has (1) pooled into securities

that have been guaranteed by the Government National

Mortgage Association (Ginnie Mae) and (2) sold with

servicing rights retained.

Include small business obligations transferred with

recourse under Section 208 of the Riegle Community

Development and Regulatory Improvement Act of 1994

that the reporting holding company has securitized and

sold.

Exclude the principal balance of loans underlying seller’s

interests owned by the reporting institution; report the

amount of seller’s interests in Schedule HC-S, item 6.

Do not report in this item the outstanding balance of 1–4

family residential mortgages sold to the Federal National

Mortgage Association (Fannie Mae) or the Federal Home

Loan Mortgage Corporation (Freddie Mac) that the

government-sponsored agency in turn securitizes. Do not

report in this item the outstanding balance of 1–4 family

residential mortgages sold to a Federal Home Loan Bank

(FHLB) through a Mortgage Partnership Finance Program that the FHLB in turn securitizes. Report 1–4

family residential mortgages sold to Fannie Mae, Freddie Mac, or FHLB with recourse or other seller-provided

credit enhancements in Schedule HC-S, item 11, column A, and report the maximum credit exposure arising

from the enhancements in item 12, column A. If servicing has been retained on the 1–4 family residential

mortgages sold to Fannie Mae, Freddie Mac, or FHLB,

report the outstanding principal balance of the mortgages

in Schedule HC-S, Memorandum item 2(a) or 2(b)

depending on whether the servicing is performed with

or without recourse or other servicer-provided credit

enhancements. If the reporting institution has both retained

the servicing and provided credit enhancements, report

the principal balance of the 1–4 family residential mortgages in Schedule HC-S, item 11, column A, and in

Memorandum item 2(a).

Exclude securitizations that have been accounted for as

secured borrowings because the transactions do not meet

the criteria for sale accounting under generally accepted

accounting principles. The securitized loans, leases, and

other assets should continue to be carried as assets on the

reporting institution’s balance sheet.

Line Item 2 Maximum amount of credit exposure

arising from recourse or other seller-provided credit

enhancements provided to structures reported in

item 1.

Report in the appropriate column the maximum contractual credit exposure remaining as of the report date under

recourse arrangements and other seller-provided credit

enhancements provided by the reporting institution to

securitization structures reported in Schedule HC-S,

item 1, above.

Report the total of:

(1) The carrying value of credit-enhancing interest-only

strips included as securities in Schedule HC-B, as

other assets in Schedule HC-F, or as trading assets in

Schedule HC, item 5, that the reporting holding

company has retained as credit enhancements in

connection with the securitization structures reported

in Schedule HC-S, item 1, above.

(2) The carrying value of subordinated securities and

other residual interests carried as on-balance sheet

assets that the reporting holding company has retained

in connection with the securitization structures

reported in Schedule HC-S, item 1, above.

(3) The unused portion of standby letters of credit and

the maximum contractual amount of recourse or

other credit exposure not in the form of an on-balance

sheet asset that the reporting holding company has

provided or retained in connection with the securitization structures reported in Schedule HC-S, item 1,

above. Include the maximum contractual amount of

recourse the bank has retained on the small business

obligations transferred with recourse that the reporting holding company has securitized and sold, the

outstanding principal balance of which was reported

in Schedule HC-S, item 1, above.

Do not report as the remaining maximum contractual

exposure a reasonable estimate of the probable loss under

the recourse arrangements or credit enhancement provisions or the fair value of any liability incurred under such

Schedule HC-S

FR Y-9C HC-S-3

Schedule HC-S June 2021
provisions. Furthermore, do not reduce the remaining

maximum contractual exposure by the amount of any

associated recourse liability account. Report exposure

amounts gross rather than net of any tax effects, e.g., any

associated deferred tax liability.

Do not include unused portions of commitments that

function as liquidity facilities (report such unused commitments in Schedule HC-S, item 3).

Note: Item 3 is to be completed by holding companies

with $100 billion or more in total assets.

Line Item 3 Reporting institution’s unused

commitments to provide liquidity to structures

reported in item 1.

Report in the appropriate column the unused portions of

commitments provided by the reporting institution to the

securitization structures reported in Schedule HC-S,

item 1, above that function as liquidity facilities.

Line Item 4 Past due loan amounts included in

item 1.

Report in the appropriate subitem the outstanding principal balance of loans, leases, and other assets reported in

Schedule HC-S, item 1, above that are 30 days or more

past due as of the report date. For purposes of determining whether a loan, lease, or other asset reported in item 1

above is past due, the reporting criteria to be used are the

same as those for columns A and B of Schedule HC-N.

Line Item 4(a) 30–89 days past due.

Report in the appropriate column the outstanding principal balance of loans, leases, and other assets reported in

Schedule HC-S, item 1, above that are 30 to 89 days past

due as of the report date.

Line Item 4(b) 90 days or more past due.

Report in the appropriate column the outstanding principal balance of loans, leases, and other assets reported in

Schedule HC-S, item 1, above that are 90 days or more

past due as of the report date.

Line Item 5 Charge-offs and recoveries on assets

sold and securitized with servicing retained or with

recourse or other seller-provided credit

enhancements (calendar year-to-date).

Report in the appropriate subitem the amount of chargeoffs and recoveries during the calendar year to date on

loans, leases, and other assets that have been sold and

securitized in the securitization structures reported in

Schedule HC-S, item 1. If a securitization is no longer

outstanding as of the report date, i.e., no amount is

reported for the securitization in Schedule HC-S, item 1,

do not report any year-to-date charge-offs and recoveries

for the securitization in Schedule HC-S, items 5(a) and

5(b).

Line Item 5(a) Charge-offs.

Report in the appropriate column the amount of loans,

leases, and other assets that have been sold and securitized by the reporting institution in the securitization

structures reported in Schedule HC-S, item 1, above that

have been charged off or otherwise designated as losses

by the trustees of the securitizations, or other designated

parties, during the calendar year-to-date.

Include in column C charge-offs or reversals of uncollectible credit card fees and finance charges that had been

capitalized into the credit card receivable balances that

have been securitized or sold.

Line Item 5(b) Recoveries.

Report in the appropriate column the amount of recoveries of previously charged-off loans, leases, and other

assets in the securitization structures reported in Schedule HC-S, item 1, above during the calendar year-to-date.

Include in column C recoveries of previously charged-off

or reversed credit card fees and finance charges that had

been capitalized into the credit card receivable balances

that had been securitized and sold.

Note: Item 6 is to be completed by holding companies

with $10 billion or more in total assets.

Line Item 6 Amount of ownership (or seller’s)

interests carried as securities or loans.

Report in the appropriate column the carrying value of

the reporting institution’s ownership (or seller’s) interests

associated with the securitization structures reported in

Schedule HC-S, item 1, above. Ownership (or seller’s)

interests may be in the form of securities or loans.

Schedule HC-S

HC-S-4 FR Y-9C

Schedule HC-S June 2018
Line Item 7–8 Not applicable.

For Securitization Facilities Sponsored

By or Otherwise Established By Other

Institutions

Line Item 9 Maximum amount of credit exposure

arising from credit enhancements provided by the

reporting institution to other institutions’

securitization structures in the form of standby

letters of credit, purchased subordinated securities,

and other enhancements.

Report in the appropriate column the maximum contractual credit exposure remaining as of the report date under

credit enhancements provided by the reporting institution

to securitization structures sponsored by or otherwise

established by other institutions or entities, i.e., securitizations not reported in Schedule HC-S, item 1, above.

Report the unused portion of standby letters of credit, the

carrying value of purchased subordinated securities and

purchased credit-enhancing interest-only strips, and the

maximum contractual amount of credit exposure arising

from other on- and off-balance sheet credit enhancements

that provide credit support to these securitization structures. Do not report as the remaining maximum contractual exposure a reasonable estimate of the probable loss

under credit enhancement provisions or the fair value of

any liability incurred under such provisions. Furthermore, do not reduce the remaining maximum contractual

exposure by the amount of any associated recourse

liability account. Report exposure amounts gross rather

than net of any tax effects, e.g., any associated deferred

tax liability.

Exclude the amount of credit exposure arising from

loans, leases, and other assets that the reporting institution has sold with recourse or other seller-provided credit

enhancements to other institutions or entities, which then

securitized the loans, leases, and other assets purchased

from the reporting institution (report this exposure in

Schedule HC-S, item 12, below). Also exclude the

amount of credit exposure arising from credit enhancements provided to asset-backed commercial paper conduits (report this exposure in Schedule HC-S, Memorandum item 3(a)).

Note: Item 10 is to be completed by holding companies with $10 billion or more in total assets.

Line Item 10 Reporting institution’s unused

commitments to provide liquidity to other

institutions’ securitization structures.

Report in the appropriate column the unused portions of

commitments provided by the reporting bank that function as liquidity facilities to securitization structures

sponsored by or otherwise established by other institutions or entities, i.e., securitizations not reported in

Schedule HC-S, item 1, above. Exclude the amount of

unused commitments to provide liquidity to asset-backed

commercial paper conduits (report this amount in Schedule HC-S, Memorandum item 3(b)).

Asset Sales

Line Item 11 Assets sold with recourse or other

seller-provided credit enhancements and not

securitized.

Report in the appropriate column the unpaid principal

balance as of the report date of loans, leases, and other

assets, which the reporting institution has sold with

recourse or other seller-provided credit enhancements,

but which were not securitized by the reporting institution. Include loans, leases, and other assets that the

reporting institution has sold with recourse or other

seller-provided credit enhancements to other institutions

or entities, whether or not the purchaser has securitized

the loans and leases purchased from the reporting institution. Include 1−4 family residential mortgages that the

reporting institution has sold to the Federal National

Mortgage Association (Fannie Mae) or the Federal Home

Loan Mortgage Corporation (Freddie Mac) with recourse

or other seller-provided credit enhancements.

Include small business obligations transferred with

recourse under Section 208 of the Riegle Community

Development and Regulatory Improvement Act of 1994,

which the reporting holding company has sold, but which

were not securitized by the reporting holding company.

Line Item 12 Maximum amount of credit exposure

arising from recourse or other seller-provided credit

enhancements provided to assets reported in

item 11.

Report in the appropriate column the maximum contractual credit exposure remaining as of the report date under

recourse arrangements or other seller-provided credit

enhancements provided by the reporting institution in

connection with its sales of the loans, leases, and other

Schedule HC-S

FR Y-9C HC-S-5

Schedule HC-S June 2018
assets reported in Schedule HC-S, item 11, above. Report

the unused portion of standby letters of credit, the

carrying value of retained interests, and the maximum

contractual amount of recourse or other credit exposure

arising from other on- and off-balance sheet credit

enhancements that the reporting institution has provided.

Do not report as the remaining maximum contractual

exposure a reasonable estimate of the probable loss under

the recourse arrangements or credit enhancement provisions or the fair value of any liability incurred under such

provisions. Furthermore, do not reduce the remaining

maximum contractual exposure by the amount of any

associated recourse liability account. Report exposure

amounts gross rather than net of any tax effects, e.g., any

associated deferred tax liability.

Include the maximum contractual amount of recourse the

holding company has retained on small business obligations transferred with recourse that the reporting holding

company has sold, but not securitized, the unpaid principal balance of which was reported in Schedule HC-S,

item 11, above.

Memoranda

Line Item M1 Not applicable.

Line Item M2 Outstanding principal balance of

assets serviced for others.

Report in the appropriate subitem the outstanding principal balance of loans and other financial assets the reporting institution services for others, regardless of whether

the servicing involves whole loans and other financial

assets or only portions thereof, as is typically the case

with loan participations. A holding company should

report the outstanding principal balance of assets for

which it is the contractual servicer of record without

regard to any subservicing agreements applicable to the

assets. Include (1) the principal balance of loans and

other financial assets owned by others for which the

reporting institution has purchased the servicing (i.e.,

purchased servicing) and (2) the principal balance of

loans and other financial assets that the reporting institution has either originated or purchased and subsequently

sold, whether or not securitized, but for which it has

retained the servicing duties and responsibilities (i.e.,

retained servicing). If the reporting institution services a

portion of a loan or other financial asset for one or more

other parties and owns the remaining portion of the loan

or other financial asset, report only the principal balance

of the portion of the asset serviced for others.

NOTE: After the effective date of ASC Topic 860,

Transfers and Servicing, and ASC Subtopic 810-10,

Consolidation – Overall, resulting from Accounting Standards Update (ASU) No. 2009-16 (formerly FASB Statement No. 166, Accounting for Transfers of Financial

Assets) and ASU No. 2009-17 (formerly FASB Statement No. 167, Amendments to FASB Interpretation No.

46(R)), respectively, a holding company should report in

Memorandum items 2(a) through 2(d) retained servicing

only for those transferred assets or portions of transferred

assets properly reported as sold in accordance with

applicable generally accepted accounting principles as

well as purchased servicing.

Line Item M2(a) Closed-end 1–4 family residential

mortgages serviced with recourse or other

servicer-provided credit enhancements.

Report the outstanding principal balance of closed-end

1-to-4 family residential mortgage loans (as defined for

Schedule HC-C, item 1(c)(2)) that the reporting institution services for others under servicing arrangements in

which the reporting institution also provides recourse

or other servicer-provided credit enhancements. Include

closed-end 1–to–4 family residential mortgages serviced

under regular option contracts (i.e., with recourse) with

the Federal National Mortgage Association, serviced

with recourse for the Federal Home Loan Mortgage

Corporation, and serviced with recourse under other

servicing contracts.

Line Item M2(b) Closed-end 1–4 family residential

mortgages serviced with no recourse or other

servicer-provided credit enhancements.

Report the outstanding principal balance of closed-end

1-to-4 family residential mortgage loans (as defined for

Schedule HC-C, item 1(c)(2)) that the reporting institution services for others under servicing arrangements in

which the reporting institution does not provide recourse

or other servicer-provided credit enhancements.

Line Item M2(c) Other financial assets.

Memorandum item 2(c) is to be completed if the principal

balance of loans and other financial assets serviced for

others is more than $10 million. Report the outstanding

principal balance of loans and other financial assets,

other than closed-end 1-to-4 family residential mortgage

Schedule HC-S

HC-S-6 FR Y-9C

Schedule HC-S June 2018
loans, that the reporting institution services for others.

These serviced financial assets may include, but are not

limited to, home equity lines, credit cards, automobile

loans, and loans guaranteed by the Small Business

Administration.

Line Item M2(d) 1–4 family residential mortgages

serviced for others that are in process of foreclosure

at quarter-end.

Report the total unpaid principal balance of loans secured

by 1-4 family residential properties (as defined for Schedule HC-C, item 1(c)) serviced for others for which formal

foreclosure proceedings to seize the real estate collateral

have started and are ongoing as of quarter-end, regardless

of the date the foreclosure procedure was initiated. Loans

should be classified as in process of foreclosure according to the investor’s or local requirements. Include loans

where the servicing has been suspended in accordance

with any of the investor’s foreclosure requirements. If a

loan is already in process of foreclosure and the mortgagor files a bankruptcy petition, the loan should continue to be reported as in process of foreclosure until the

bankruptcy is resolved. Exclude loans where the foreclosure process has been completed to the extent that (a) the

investor has acquired title to the real estate, an entitling

certificate, title subject to redemption, or title awaiting

transfer to the Federal Housing Administration or the

Veterans Administration or (b) the bank reports the real

estate as “Other real estate owned” in Schedule HC,

item 7.

This item should include both closed-end and open-end

1-4 family residential mortgage loans that are in process

of foreclosure. The closed-end 1-4 family residential

mortgage loans serviced for others that are in process of

foreclosure and reported in this item will have also been

included in Schedule HC-S, Memorandum items 2(a) and

2(b). The open-end 1-4 family residential mortgage loans

serviced for others that are in process of foreclosure and

reported in this item will also have been included in

Schedule HC-S, Memorandum item 2(c), if the principal

balance of such open-end mortgages and other financial

assets serviced for others is more than $10 million.

NOTE: Memorandum items 3.a.(1) through 3.b.(2)

are to be completed by holding companies with

$10 billion or more in total assets.

Line Item M3 Asset-backed commercial paper

conduits:

Report the requested information on credit enhancements

and liquidity facilities provided to asset-backed commercial paper conduits in memorandum items 3(a) and 3(b),

respectively, regardless of whether the reporting holding

company must consolidate the conduit for reporting

purposes in accordance with ASC Topic 810-10, Consolidation – Overall (formerly FASB Statement No. 167,

Amendments to FASB Interpretation No. 46(R)).

Line Item M3(a) Maximum amount of credit

exposure arising from credit enhancements

provided to conduit structures in the form of

standby letters of credit, subordinated securities,

and other enhancements.

Report in the appropriate subitem the maximum contractual credit exposure remaining as of the report date under

standby letters of credit, subordinated securities, and

other credit enhancements provided by the reporting

institution to asset-backed commercial paper conduit

structures. Do not report in these subitems a reasonable

estimate of the probable loss under the credit enhancement provisions or the fair value of any liability incurred

under such provisions.

Line Item M3(a)(1) Conduits sponsored by the bank,

a bank affiliate, or the holding company.

Report the unused portion of standby letters of credit, the

carrying value of subordinated securities, and the maximum contractual amount of credit exposure arising from

other credit enhancements that the reporting institution

has provided to asset-backed commercial paper conduit

structures sponsored by the reporting institution’s bank(s),

an affiliate of the bank or holding company, or the

reporting holding company.

Line Item M3(a)(2) Conduits sponsored by other

unrelated institutions.

Report the unused portion of standby letters of credit, the

carrying value of subordinated securities, and the maximum contractual amount of credit exposure arising from

other credit enhancements that the reporting institution

has provided to asset-backed commercial paper conduit

structures other than those sponsored by the reporting

institution’s bank(s), an affiliate of the bank or holding company, or the reporting holding company.

Schedule HC-S

FR Y-9C HC-S-7

Schedule HC-S June 2018
Line Item M3(b) Unused commitments to provide

liquidity to conduit structures.

Report in the appropriate subitem the unused portions of

commitments provided by the reporting institution that

function as liquidity facilities to asset-backed commercial paper conduit structures. Typically, these facilities

take the form of a Backstop Line (Loan Agreement) or an

Asset Purchase Agreement. Under a backstop line, the

reporting institution advances funds to the conduit when

a draw is required under the liquidity facility. The

advance is secured by the cash flow of the underlying

asset pools. Under an asset purchase agreement, the

reporting institution purchases a specific pool of assets

from the conduit when a draw is required under the

liquidity facility. Typically, the reporting institution is

repaid from the cash flow on the purchased assets or from

the sale of the purchased pool of assets.

Line Item M3(b)(1) Conduits sponsored by the

bank, a bank affiliate, or the holding company.

Report the unused portions of commitments provided by

the reporting institution that function as liquidity facilities to asset-backed commercial paper conduit structures

sponsored by the reporting institution’s bank(s), an affiliate of the bank or holding company, or the reporting

holding company.

Line Item M3(b)(2) Conduits sponsored by other

unrelated institutions.

Report the unused portions of commitments provided by

the reporting institution that function as liquidity facilities to asset-backed commercial paper conduit structures

other than those sponsored by the reporting institution’s

bank(s), an affiliate of the bank or holding company, or

the reporting holding company.

Line Item M4 Outstanding credit card fees and

finance charges.

Note: Memorandum item 4 is to be completed only by

those holding companies with $10 billion or more in total

assets that: 1) together with affıliated institutions, have

outstanding credit card receivables that exceed $500 million as of the report date or (2) holding companies that

on a consolidated basis are credit card specialty holding

companies.

Outstanding credit card receivables are the sum of:

(a) Schedule HC-C, item 6(a), column A;

(b) Schedule HC-S, item 1, column C; and

(c) Schedule HC-S, item 6, column C.

Credit card specialty holding companies are defined as

those holding companies that on a consolidated basis

exceed 50 percent for the following two criteria:

(a) the sum of credit card loans (Schedule HC-C,

item 6(a), column A) plus securitized and sold

credit card receivables (Schedule HC-S, item 1,

column C) divided by the sum of total loans

(Schedule HC-C, item 12, column A) plus securitized and sold credit card receivables (Schedule

HC-S, item 1, column C); and

(b) the sum of total loans (Schedule HC-C, item 12,

column A) plus securitized and sold credit card

receivables (Schedule HC-S, item 1, column C)

divided by the sum of total assets (Schedule HC,

item 12) plus securitized and sold credit card

receivables (Schedule HC-S, item 1, column C).

Report the amount outstanding of credit card fees and

finance charges that the holding company has securitized

and sold in connection with its securitization and sale of

the credit card receivables reported in Schedule HC-S,

item 1, column C.

Schedule HC-S

HC-S-8 FR Y-9C

Schedule HC-S June 2018
LINE ITEM INSTRUCTIONS FOR

Variable Interest Entities

Schedule HC-V

General Instructions

A variable interest entity (VIE), as described in ASC

Topic 810, Consolidation, is an entity in which equity

investors do not have sufficient equity at risk for that

entity to finance its activities without additional subordinated financial support or, as a group, the holders of the

equity investment at risk lack one or more of the following three characteristics: (a) the power, through voting

rights or similar rights, to direct the activities of an entity

that most significantly impact the entity’s economic

performance, (b) the obligation to absorb the expected

losses of the entity, or (c) the right to receive the expected

residual returns of the entity.

Variable interests in a VIE are contractual, ownership, or

other pecuniary interests in an entity that change with

changes in the fair value of the entity’s net assets

exclusive of variable interests. When a holding company

or other company has a variable interest or interests in a

VIE, ASC Topic 810 provides guidance for determining

whether the holding company or other company must

consolidate the VIE. If a holding company or other

company has a controlling financial interest in a VIE, it is

deemed to be the primary beneficiary of the VIE and,

therefore, must consolidate the VIE. For further information, see the Glossary entry for ”variable interest entity.”

Schedule HC-V collects information on VIEs that have

been consolidated by the reporting holding company

because the holding company or a consolidated subsidiary is the primary beneficiary of the VIE. Schedule HC-V

should be completed by holding companies with $5 billion or more in total assets on a fully consolidated basis,

i.e., after eliminating intercompany transactions. For

holding companies that have not yet adopted FASB

Accounting Standards Update No. 2016-13 (ASU 2016-

13), which governs the accounting for credit losses, the

asset and liability amounts to be reported in Schedule

HC-V should be the same amounts at which these assets

and liabilities are reported on Schedule HC, Balance

Sheet, e.g., held-to-maturity securities should be reported

at amortized cost and available-for-sale securities should

be reported at fair value.

Holding companies that have adopted ASU 2016-13

should report the asset amounts in Schedule HC-V net of

any applicable allowances for credit losses included in

amounts reported on Schedule HC, Balance Sheet.

Column Instructions

Column A, Securitization Vehicles: Securitization

vehicles include VIEs that have been created to pool and

repackage mortgages, other assets, or other credit exposures into securities that can be transferred to investors.

Column B, Other VIEs: Other VIEs are VIEs other

than securitization vehicles. Other VIEs include assetbacked commercial paper (ABCP) conduits.

For purposes of items 1 through 4 of Schedule HC-V,

information about each consolidated VIE should be

included in only one of the two columns of the schedule.

The column selected for a particular consolidated VIE

should be based on the purpose and design of the VIE

and this column should be used consistently over time.

Line Item 1 Assets of consolidated variable

interest entities (VIEs) that can be used only to

settle obligations of the consolidated VIEs.

Report in the appropriate subitem and column those

assets of consolidated VIEs reported in Schedule HC,

Balance Sheet, that can be used only to settle obligations

of the same consolidated VIEs and any related allowance

for loan and lease losses and, for holding companies that

have adopted ASU 2016-13, any related allowances for

credit losses. Exclude assets of consolidated VIEs that

cannot be used only to settle obligations of the same

consolidated VIEs (report such assets in Schedule HC-V,

item 3, below).

FR Y-9C HC-V-1

Schedule HC-V December 2020
Line Item 1(a) Cash and balances due from

depository institutions.

Report in the appropriate column the amount of cash and

balances due from depository institutions held by consolidated VIEs included in Schedule HC, item 1(a),

“Noninterest-bearing balances and currency and coin,”

and item 1(b), ‘‘Interest-bearing balances,’’ that can be

used only to settle obligations of the same consolidated

VIEs.

Line Item 1(b) Securities not held for trading.

Report in the appropriate column the total amount of

held-to-maturity securities, available-for-sale debt securities, and equity securities with readily determinable fair

values not held for trading held by consolidated VIEs

included in Schedule HC, item 2(a), “Held-to-maturity

securities”; HC, item 2(b), “Available-for-sale debt securities”; and HC, item 2.c, “Equity securities with readily

determinable fair values not held for trading,” respectively, that can be used only to settle obligations of the

same consolidated VIEs.

Line Item 1(c) Loans and leases held for

investment, net of allowance, and held for sale.

Report in the appropriate column the total of the amount

of loans and leases held for sale and held for investment

that is held by consolidated VIEs included in Schedule

HC, item 4(a), “Loans and leases held for sale,” and item

4(b), “Loans and leases held for investment,” respectively, that can be used only to settle obligations of the

same consolidated VIEs, less the amount of allowances

for loan and lease losses, or for institutions that have

adopted ASU 2016-13, less the amount of allowance for

credit losses on loans and leases. held by consolidated

VIEs included in Schedule HC, item 4(c), “LESS: Allowance for loan and lease losses” that is allocated to these

consolidated VIEs’ loans and leases held for investment

that can be used only to settle obligations of the same

consolidated VIEs.

For holding companies that have adopted FASB Accounting Standards Update No. 2016-01 (ASU 2016-01),

which includes provisions governing the accounting for

investments in equity securities, including investment in

mutual funds, and eliminates the concept of available-forsale equity securities (see the Note preceding the instructions for Schedule HC, item 2(c)), also report in the

appropriate column of this item the amount of equity

securities with readily determinable fair values not held

for trading held by consolidated VIEs included in Schedule HC, item 2(c), “Equity securities with readily determinable fair values not held for trading,” that can be used

only to settle obligations of the same consolidated VIEs.

Line Item 1(d) Other real estate owned.

Report in the appropriate column the amount of other real

estate owned held by consolidated VIEs included in

Schedule HC, item 7, ‘‘Other real estate owned,’’ that can

be used only to settle obligations of the same consolidated VIEs.

Line Item 1(e) Other assets.

Report in the appropriate column the amount of all other

assets held by consolidated VIEs included in Schedule

HC, item 12, ‘‘Total assets,’’ and not reported in Schedule

HC-V, items 1(a) through 1(d), above, that can be used

only to settle obligations of the same consolidated VIEs.

Line Item 2 Liabilities of consolidated VIEs for

which creditors do not have recourse to the general

credit of the reporting holding company.

Report in the appropriate subitem and column those

liabilities of consolidated VIEs reported in Schedule HC,

Balance Sheet, for which creditors do not have recourse

to the general credit of the reporting holding company.

Exclude liabilities of consolidated VIEs for which creditors have recourse to the general credit of the reporting

holding company (report such liabilities in Schedule

HC-V, item 4, below).

Line Item 2(a) Other borrowed money.

Report in the appropriate column the amount of other

borrowed money (including commercial paper) of consolidated VIEs reported in Schedule HC, item 16, “Other

borrowed money,” for which the creditors on these

borrowings do not have recourse to the general credit of

the reporting holding company.

Line Item 2(b) Other liabilities.

Report in the appropriate column the amount of all other

liabilities of consolidated VIEs included in Schedule HC,

item 21, “Total liabilities,” and not reported in Schedule

HC-V, item 2(a) above, for which the creditors on these

liabilities do not have recourse to the general credit of the

reporting holding company.

Schedule HC-V

HC-V-2 FR Y-9C

Schedule HC-V December 2020
Line Item 3 All other assets of consolidated VIEs.

Report in the appropriate column the amount of assets of

consolidated VIEs reported in Schedule HC, items 1

through 11, that have not been included in Schedule

HC-V, items 1(a) through 1(e), above. Loans and leases

held for investment that are included in this item should

be reported net of any allowance for loan and lease losses

allocated to these loans and leases.

Holding companies that have adopted ASU 2016-13,

report items net of any applicable allowances for credit

losses allocated to these assets.

Line Item 4 All other liabilities of

consolidated VIEs.

Report in the appropriate column the amount of liabilities

of consolidated VIEs reported in Schedule HC, items 14

through 20, that have not been included in Schedule

HC-V, items 2(a) and 2(b).

Line Item 5 Total assets of asset-backed

commercial paper (ABCP) conduit VIEs.

Report the total assets of consolidated ABCP conduit

VIEs, i.e., VIEs that primarily issue externally rated

commercial paper backed by assets or other exposures.

Include assets held by consolidated ABCP conduit VIEs

that are included in Schedule HC-V, items 1(a) through

1(e) and 3, column B, above.

Line Item 6 Total liabilities of ABCP

conduit VIEs.

Report the total liabilities of consolidated ABCP conduit

VIEs. Include liabilities of ABCP conduit VIEs that are

included in Schedule HC-V, items 2(a), 2(b), and 4,

column B, above.

Schedule HC-V

FR Y-9C HC-V-3

Schedule HC-V March 2019
LINE ITEM INSTRUCTIONS FOR

Notes to the Balance Sheet

Predecessor Financial Items

General Instructions

This one-time reporting schedule is event-driven. An

event for reporting the average balance sheet items below

is defined as a business combination that occurred during

the quarter (that is, the holding company consummated a

merger or acquisition within the quarter). Complete this

schedule only if the combined assets of the acquired

entity(ies) are at least equal to $10 billion or 5 percent of

the reporting holding company’s total consolidated assets

at the previous quarter-end, whichever is less.

Report in accordance with these instructions the selected

quarterly average information for any acquired company(ies), the predecessor, as described above. For the

items on this schedule, report the average of the balances

as of the close of business for each day for the calendar

quarter up to the date of acquisition or an average of the

balances as of the close of business on each Wednesday

during the calendar quarter up to date of acquisition. For

days that the acquired company or any of its consolidated

subsidiaries were closed (e.g., Saturdays, Sundays, or

holidays), use the amount outstanding from the previous

business day. An office is considered closed if there are

no transactions posted to the general ledger as of that

date.

Only a single schedule should be completed with aggregated information for all entities acquired during the

quarter. The combined assets of these firms should at

least equal $10 billion or 5 percent of the respondent’s

total consolidated assets at the previous quarter-end,

whichever is less.

The reporting holding company may report the items

below, net of merger-related adjustments, if any.

In the unlikely event that only a portion of a firm was

purchased and actual financial statements for the acquired

operations are not readily available, the reporting holding

company may provide estimates in lieu of inaccessible

actual data.

If a single transaction business combination occurred

where the acquiree was another holding company that

filed the FR Y-9C in the preceding quarter, and the

combination occurred on the first day of the quarter, that

event is exempt from being reported on this schedule.

This exemption also applies if all entities acquired on the

first day of the quarter were FR Y-9C filers as of the prior

quarter.

The line item instructions should be read in conjunction

with the instructions for Schedule HC-K, ‘‘Quarterly

Averages.’’

Line Item 1 Average loans and leases (held for

investment and held for sale).

Report the quarterly average for all loans and leases, held

for investment and held for sale, in both domestic and

foreign offices of the acquired company (as defined for

Schedule HC-C, items 1 through 11).

Line Item 2 Average earning assets.

Report the quarterly average for all earning assets.

Include as earning assets:

(1) Securities;

(2) Federal funds sold and securities purchased under

agreements to resell;

(3) Loans and leases;

(4) Trading assets; and

(5) Other earning assets.

Line Item 3 Average total consolidated assets.

Report the quarterly average for the fully consolidated

acquired company’s total assets (as defined for Schedule

FR Y-9C BSnotes-P-1

Notes to the Balance Sheet—Predecessor Financial Items March 2018
HC, item 12, ‘‘Total assets’’). When calculating the

quarterly average total consolidated assets for purposes

of this schedule, reflect all debt securities (not held for

trading) at amortized cost, available-for-sale equity securities with readily determinable fair values at the lower of

cost or fair value, and equity securities without readily

determinable fair values at historical cost. In addition, to

the extent that net deferred tax assets included in the

acquired company’s total assets, if any, include the

deferred tax effects of any unrealized holding gains and

losses on available-for-sale debt securities, these deferred

tax effects may be excluded from the determination of the

quarterly average for total consolidated assets. If these

deferred tax effects are excluded, this treatment must be

followed consistently over time.

Line Item 4 Average equity capital (excludes

limited-life preferred stock).

Report the quarterly average for the fully consolidated

equity capital (as defined for Schedule HC, item 28) of

the acquired company. For purposes of this schedule,

deduct net unrealized losses on marketable equity securities and exclude other net unrealized gains and losses on

available-for-sale securities, and accumulated net gains

(losses) on cash flow hedges when calculating average

equity capital.

Predecessor Financial Items

BSnotes-P-2 FR Y-9C

Predecessor Financial Items March 2013
LINE ITEM INSTRUCTIONS FOR

Notes to the Balance Sheet

Other

This section has been provided to allow holding companies that so wish to

explain the content of specific items in the balance sheet. The reporting holding

company should include any transactions reported on Schedules HC through

HC-S that it wishes to explain or that have been separately disclosed

in the holding company’s quarterly reports to its shareholders, in its press

releases, or on its quarterly reports to the Securities and Exchange Commission

(SEC). Also include any transactions which previously would have appeared as

footnotes to Schedules HC through HC-S.

Report in the space provided the schedule and line item for which the holding

company is specifying additional information, a description of the transaction

and, in the column provided, the dollar amount associated with the transaction

being disclosed.

FR Y-9C BSnotes-1

Notes to the Balance Sheet—Other March 2013
Glossary

The definitions in this Glossary apply to the Consolidated

Financial Statements for Holding Companies (FR Y-9C)

and are not necessarily applicable for other regulatory or

legal purposes. The presentation of the assets, liabilities,

and stockholders’ equity, and the recognition of income

and expenses in the FR Y-9C are to be in accordance

with generally accepted accounting principles. The

accounting discussions in this Glossary are those relevant

to the preparation of these reports and are not intended to

constitute a comprehensive presentation on bank accounting or on generally accepted accounting principles. For

purposes of this Glossary, the Financial Accounting

Standards Board (FASB) Accounting Standards Codification is referred to as “ASC.”

Acceptances: See “Bankers’ acceptances.”

Accounting Changes: Changes in accounting principles–

The accounting principles that holding companies have

adopted for the preparation of their FR Y-9C should be

changed only if (a) the change is required by a newly

issued accounting pronouncement or (b) the holding

company can justify the use of an allowable alternative

accounting principle on the basis that it is preferable

when there are two or more generally accepted accounting principles for a type of event or transaction. If a

holding company changes from the use of one acceptable

accounting principle to one that is more preferable at any

time during the calendar year, it must report the income

or expense item(s) affected by the change for the entire

year on the basis of the newly adopted accounting

principle regardless of the date when the change is

actually made. However, a change from an accounting

principle that is neither accepted nor sanctioned by the

Federal Reserve to one that is acceptable to the Federal

Reserve is to be reported as a correction of an error as

discussed below.

New accounting pronouncements that are adopted by the

Financial Accounting Standards Board (or such other

body officially designated to establish accounting principles) generally include transition guidance on how to

initially apply the pronouncement. In general, the pronouncements require (or allow) a holding company to use

one of the following approaches, collectively referred to

as “retrospective application”:

• apply a different accounting principle to one or more

previously issued financial statements; or

• make a cumulative-effect adjustment to retained earnings, assets, and/or liabilities at the beginning of the

period as if that principle had always been used.

Because each Report of Income covers a single discrete

period, only the second approach under retrospective

application is permitted in the FR Y-9C. Therefore, when

an accounting pronouncement requires the application of

either of the approaches under retrospective application,

holding companies must report the effect on the amount

of retained earnings at the beginning of the year in which

the new pronouncement is first adopted for purposes of

the FR Y-9C (net of applicable income taxes, if any) as a

direct adjustment to equity capital in Schedule HI-A,

item 2.

In the FR Y-9C in which a change in accounting principle is first reflected, the holding company is encouraged

to include an explanation of the nature and reason for the

change in accounting principle in the ‘‘Notes to the

Income Statement–Other.’’

Changes in accounting estimates–Accounting and the

preparation of financial statements involve the use of

estimates. As more current information becomes known,

estimates may be changed. In particular, accruals are

derived from estimates based on judgments about the

outcome of future events and changes in these estimates

are an inherent part of accrual accounting.

Reasonable changes in accounting estimates do not

require the restatement of amounts of income and

FR Y-9C GL-1

Glossary June 2020
expenses and assets, liabilities, and capital reported in

previously submitted FR Y-9C reports. Computation of

the cumulative effect of these changes is also not ordinarily necessary. Rather, the effect of such changes is

handled on a prospective basis. That is, beginning in the

period when an accounting estimate is revised, the related

item of income or expense for that period is adjusted

accordingly. For example, if the holding company’s

estimate of the remaining useful life of certain holding

company equipment is increased, the remaining undepreciated cost of the equipment would be spread over its

revised remaining useful life. Similarly, immaterial

accrual adjustments to items of income and expenses,

including provisions for loan and lease losses and income

taxes, are considered changes in accounting estimates

and would be taken into account by adjusting the affected

income and expense accounts for the year in which the

adjustments were found to be appropriate.

However, large and unusual changes in accounting estimates may be more properly treated as constituting

accounting errors, and if so, must be reported accordingly

as described below.

Corrections of accounting errors – A holding company

may become aware of an error in its FR Y-9C after it has

been submitted to the Federal Reserve through either its

own or the Federal Reserve’s discovery of the error. An

error in the recognition, measurement, or presentation of

an event or transaction included in a report for a prior

period may result from:

• a mathematical mistake;

• a mistake in applying accounting principles; or

• the oversight or misuse of facts that existed when the

FR Y-9C for prior periods were prepared.

According to SEC Staff Accounting Bulletin No. 108,

Considering the Effects of Prior Year Misstatements

when Quantifying Misstatements in Current Year Financial Statements (SAB 108, Topic 1.N. in the Codification

of Staff Accounting Bulletins), the effects of prior year

errors or misstatements (“carryover effects”) should be

considered when quantifying misstatements identified in

current year financial statements. SAB 108 describes two

methods for accumulating and quantifying misstatements. These methods are referred to as the “rollover”

and “iron curtain” approaches:

• The rollover approach ‘‘quantifies a misstatement

based on the amount of the error originating in the

current year income statement’’ only and ignores the

‘‘carryover effects’’ of any related prior year misstatements. The primary weakness of the rollover approach

is that it fails to consider the effects of correcting the

portion of the current year balance sheet misstatement

that originated in prior years.

• The iron curtain approach ‘‘quantifies a misstatement

based on the effects of correcting the misstatement

existing in the balance sheet at the end of the current

year, irrespective of the misstatement’s year(s) of

origination.’’ The primary weakness of the iron curtain

approach is that it does not consider the correction of

prior year misstatements in the current year financial

statements to be errors because the prior year misstatements were considered immaterial in the year(s) of

origination. Thus, there could be a material misstatement in the current year income statement because the

correction of the accumulated immaterial amounts

from prior years is not evaluated as an error.

Because of the weaknesses in these two approaches, SAB

108 states that the impact of correcting all misstatements

on current year financial statements should be accomplished by quantifying an error under both the rollover

and iron curtain approaches and by evaluating the error

measured under each approach. When either approach

results in a misstatement that is material, after considering all relevant quantitative and qualitative factors, an

adjustment to the financial statements would be required.

Guidance on the consideration of all relevant factors

when assessing the materiality of misstatements is provided in SEC Staff Accounting Bulletin No. 99, Materiality (SAB 99) (codified as Topic 1.M. in the Codification

of Staff Accounting Bulletins).

For purposes of the FR Y-9C, all holding companies

should follow the sound accounting practices described

in SAB 108 and SAB 99. Accordingly, holding companies should quantify the impact of correcting misstatements, including both the carryover and reversing effects

of prior year misstatements, on their current year reports

by applying both the “rollover” and “iron curtain”

approaches and evaluating the impact of the error measured under each approach. When the misstatement that

exists after recording the adjustment in the current year

FR Y-9C is material (considering all relevant quantitative

and qualitative factors), the appropriate prior year report(s)

Glossary

GL-2 FR Y-9C

Glossary June 2020
should be amended, even though such revision previously was and continues to be immaterial to the prior

year report(s). If the misstatement that exists after recording the adjustment in the current year FR Y-9C is not

material, then amending the immaterial errors in prior

year reports would not be necessary.

When the Federal Reserve determines that the holding

company’s FR Y-9C contains a material accounting

error, the holding company may be directed to file

amended condition and/or income report data for each

prior period that was significantly affected by the error.

Normally, such refilings will not result in restatements of

reports for periods exceeding five years. If amended

reports are not required, the holding company should

report the effect of such corrections on retained earnings

at the beginning of the year, net of applicable income

taxes, in Schedule HI-A, item 2, ‘‘Cumulative effect of

changes in accounting principles and corrections of material accounting errors.’’ The effect of such corrections on

income and expenses since the beginning of the year in

which the error is discovered should be reflected in each

affected income and expense account on a year-to-date

basis in the next quarterly FR Y-9C to be filed and not as

a direct adjustment to retained earnings.

In addition, a change from an accounting principle that is

neither accepted nor sanctioned by the Federal Reserve to

one that is acceptable to the Federal Reserve is to be

reported as a correction of an error. When such a change

is implemented, the cumulative effect that applies to prior

periods, calculated in the same manner as described

above for other changes in accounting principles, should

be reported in Schedule HI-A, item 2, ‘‘Cumulative effect

of changes in accounting principles and corrections of

material accounting errors. ’’ In most cases of this kind

undertaken voluntarily by the reporting holding company

in order to adopt more acceptable accounting practices,

such a change will not result in a request for amended

reports for prior periods unless substantial distortions in

the holding company’s previously reported results are in

evidence.

In the FR Y-9C in which the correction of an error is first

reflected, the holding company is encouraged to include

an explanation of the nature and reason for the correction

in the ‘‘Notes to the Income Statement—Other.’’

For further information on these three topics, see ASC

Topic 250, Accounting Changes and Error Corrections

(formerly FASB Statement No. 154, Accounting Changes

and Error Corrections).

Accounting Errors, Corrections of: See ‘‘Accounting

changes.’’

Accounting Estimates, Changes in: See ‘‘Accounting

changes.’’

Accounting Principles, Changes in: See ‘‘Accounting

changes.’’

Accrued Interest Receivable: Accrued interest receivable is the recorded amount of interest that has been

earned in current or prior periods on interest-bearing

assets that has not yet been collected.

For holding companies that have not adopted ASC Topic

326, Financial Instruments—Credit Losses, refer to the

Glossary entry on “nonaccrual status” for the treatment

of previously accrued interest. Accrued interest receivable that is not reported elsewhere on Schedule HC,

Balance Sheet, as a component of the balance sheet

amount of the associated financial asset should be

reported in Schedule HC-F, item 1, “Accrued interest

receivable.”

For holding companies that have adopted ASC Topic

326, ASC Topic 326 permits a series of accounting

policy elections related to accrued interest receivable.

These elections are made upon adoption of ASC Topic

326 and may differ by class of financing receivable or

major security type. The available accounting policy

elections are:

(1) Holding companies may elect to present accrued

interest receivable separately from the related financial asset. The accrued interest receivable is presented net of an allowance for credit losses (ACL), if

any. A holding company that elects to present

accrued interest receivable separately from the amount

reported for the related financial asset (e.g., loans,

leases, debt securities, and other interest-bearing

assets) on Schedule HC, Balance Sheet (rather than

as a component of the balance sheet amount reported

for the related financial asset), should report the

accrued interest receivable in Schedule HC-F, item 1,

“Accrued interest receivable.”

(2) Holding companies that charge off uncollectible

accrued interest receivable in a timely manner, i.e., in

accordance with the Glossary entry for “nonaccrual

status,” may elect, at the class of financing receivable

Glossary

FR Y-9C GL-3

Glossary December 2020
or the major security-type level, not to measure an

ACL for accrued interest receivable. If a holding

company does not make this policy election, for a

particular class of financing receivable or major

security type, the holding company should measure

an ACL on accrued interest receivable for that class

of financing receivable or major security type.

(3) A holding company may make a separate policy

election, at the class of financing receivable or major

security-type level, to charge off any uncollectible

accrued interest receivable by reversing interest

income, recognizing credit loss expense (i.e., provision expense), or a combination of both. If a holding

company reverses interest income, the holding company should debit (i.e., reduce) the appropriate category of interest income on Schedule HI, Income

Statement, for the amount of uncollectible accrued

interest receivable being charged off. Furthermore,

for purposes of these reports, a holding company

may charge off uncollectible accrued interest receivable against an ACL by debiting (i.e., reducing) the

ACL.

See also the Glossary entries for “allowance for loan and

lease losses” or “allowance for credit losses” as applicable, “amortized cost basis,” and “nonaccrual status.”

Accrued Interest Receivable Related to Credit Card

Securitizations: In a typical credit card securitization, an

institution transfers a pool of receivables and the right to

receive the future collections of principal (credit card

purchases and cash advances), finance charges, and fees

on the receivables to a trust. If a securitization transaction

qualifies as a sale under ASC Topic 860, Transfers and

Servicing, the selling institution removes the receivables

that were sold from its reported assets and continues to

carry any retained interests in the transferred receivables

on its balance sheet. The ‘‘accrued interest receivable’’

(AIR) asset typically consists of the seller’s retained

interest in the investor’s portion of (1) the accrued fees

and finance charges that have been billed to customer

accounts, but have not yet been collected (‘‘billed but

uncollected’’), and (2) the right to finance charges that

have been accrued on cardholder accounts, but have not

yet been billed (‘‘accrued but unbilled’’).

While the selling institution retains a right to the excess

cash flows generated from the fees and finance charges

collected on the transferred receivables, the institution

generally subordinates its right to these cash flows to the

investors in the securitization. If and when cash payments on the accrued fees and finance charges are

collected, they flow through the trust, where they are

available to satisfy more senior obligations before any

excess amount is remitted to the seller. Only after trust

expenses (such as servicing fees, investor certificate

interest, and investor principal charge-offs) have been

paid will the trustee distribute any excess fee and finance

charge cash flow back to the seller. Since investors are

paid from these cash collections before the selling institution receives the amount of AIR that is due, the seller

may or may not realize the full amount of its AIR asset.

Accounting at Inception of the Securitization Transaction

Generally, if a securitization transaction meets the criteria

for sale treatment and the AIR is subordinated

either because the asset has been isolated from the

transferor1 or because of the operation of the cash flow

distribution (or ‘‘waterfall’’) through the securitization

trust, the total AIR asset (both the “billed and uncollected” and ‘‘accrued and unbilled’’) should be considered one of the components of the sale transaction. Thus,

when accounting for a credit card securitization, an

institution should allocate the previous carrying amount

of the AIR (net of any related allowance for uncollectible

amounts) and the other transferred assets between the

assets that are sold and the retained interests, based on

their relative fair values at the date of transfer. As a

result, after a securitization, the allocated carrying amount

of the AIR asset will typically be lower than its face

amount.

Subsequent Accounting

After securitization, the AIR asset should be accounted

for at its allocated cost basis (as discussed above). In

addition, an institution should treat the AIR asset as a

retained (subordinated) beneficial interest. Accordingly,

it should be reported as an ‘‘Other Asset’’ in Schedule

HC-F, item 6, and in Schedule HC-S, item 2(b), column

C (if reported as a stand-alone asset) and not as a loan

receivable.

Although the AIR asset is a retained beneficial interest in

transferred assets, it is not required to be subsequently

measured like an investment in debt securities classified

as available for sale or trading under ASC Topic 320,

Investments-Debt and Equity Securities, and ASC Topic

1. See ASC Subtopic 860-10.

Glossary

GL-4 FR Y-9C

Glossary December 2020
860, because the AIR asset cannot be contractually

prepaid or settled in such a way that the holder would not

recover substantially all of its recorded investment.

Rather, institutions should follow existing applicable

accounting standards, including ASC Subtopic 450-20,

Contingencies–Loss Contingencies, in subsequent

accounting for the AIR asset. ASC Subtopic 450-20

addresses the accounting for various loss contingencies,

including the collectibility of receivables.

For further guidance, holding companies should refer to

the Interagency Advisory on the Accounting Treatment

of Accrued Interest Receivable Related to Credit Card

Securitizations dated December 4, 2002. See also the

Glossary entry for ‘‘Transfers of Financial Assets.’’

Acquisition, Development, or Construction (ADC)

Arrangements: An ADC arrangement is an arrangement

in which a holding company or its consolidated subsidiaries provide financing for real estate acquisition, development, or construction purposes and participates in the

expected residual profit resulting from the ultimate sale

or other use of the property. ADC arrangements should

be reported as loans, real estate joint ventures, or direct

investments in real estate in accordance with ASC Subtopic 310-10, Receivables – Overall (formerly AICPA

Practice Bulletin 1, Appendix, Exhibit I, ADC Arrangements).

Under the Board’s regulatory capital rules, the term high

volatility commercial real estate (HVCRE) exposure is

defined, in part, to mean a credit facility that, prior to

conversion to permanent financing, finances or has

financed the acquisition, development, or construction of

real property. (See §.2 of the regulatory capital rules and

the instructions for Schedule HC-R, Part II, item 4.b.)

Holding companies should note that the meaning of the

term ADC as used in the definition of HVCRE exposure

in the regulatory capital rules differs from the meaning of

ADC arrangement for accounting purposes in ASC Subtopic 310-10 as described above in this Glossary entry.

For example, a holding companies participation in the

expected residual profit from a property is part of the

accounting definition of an ADC arrangement, but whether

the holding company participates in the expected residual

profit is not a consideration for purposes of determining

whether a credit facility is an HVCRE exposure for

regulatory capital purposes. Thus, a loan can be treated as

an HVCRE exposure for regulatory capital purposes even

though it does not provide for the holding company to

participate in the property’s expected residual profit.

Agreement Corporation: See ‘‘Edge and Agreement

corporation.’’

Allowance for Credit Losses: This entry applies to

holding companies that have adopted ASC Topic 326

(introduced by Accounting Standards Update No. 2016-

13, Financial Instruments—Credit Losses (Topic 326):

Measurement of Credit Losses on Financial Instruments

(ASU 2016-13). Holding companies that have not adopted

ASC Topic 326 should continue to refer to the Glossary

entry for “allowance for loan and lease losses.” For more

information on the allowance for credit losses (ACL),

institutions should also refer to the Interagency Policy

Statement on Allowances for Credit Losses issued in

May 2020.

Standards for accounting for an ACL for financial assets

measured at amortized cost and net investments in leases

(hereafter referred to collectively as financial assets

measured at amortized cost), as well as certain offbalance sheet credit exposures, are set forth in ASC

Subtopic 326-20, Financial Instruments—Credit Losses—

Measured at Amortized Cost. For financial assets measured at amortized cost, the ACL is a valuation account

that is deducted from, or added to, the amortized cost

basis of financial assets to present the net amount

expected to be collected over the contractual term of the

financial assets.

For holding companies that have adopted ASC Topic 326,

standards for measuring credit losses on available-forsale (AFS) debt securities are set forth in ASC Subtopic 326-30, Financial Instruments—Credit Losses—

Available-for-Sale Debt Securities. See the Glossary

entry for “securities activities” for guidance on allowances for credit losses on AFS debt securities.

The following sections of this Glossary entry apply to

financial assets measured at amortized cost and also to

off-balance sheet credit exposures within the scope of

ASC Subtopic 326-20.

Measurement—An ACL shall be established upon the

origination or acquisition of a financial asset(s) measured

at amortized cost. A separate ACL shall be reported for

each type of financial asset measured at amortized cost

(e.g., loans and leases held for investment, held-tomaturity (HTM) debt securities, and receivables that

Glossary

FR Y-9C GL-5

Glossary September 2020
relate to repurchase agreements and securities lending

agreements) as of the end of each reporting period.

As of the end of each quarter, or more frequently if

warranted, each holding company must evaluate the

collectability of its financial assets measured at amortized

cost, including, if applicable, any recorded accrued interest receivable (i.e., not already reversed or charged off, as

applicable), and make adjusting entries to maintain the

balance of each of the separate ACLs reported on the

balance sheet at an appropriate level.

A holding company shall measure expected credit losses

on a collective or pool basis when financial assets share

similar risk characteristics. If a financial asset does not

share similar risk characteristics with other assets,

expected credit losses for that asset should be evaluated

individually. Individually evaluated assets should not be

included in a collective assessment of expected credit

losses. If a financial asset ceases to share similar risk

characteristics with other assets in its pool, it should be

moved to a different pool with assets sharing similar risk

characteristics, if such a pool exists.

ASC Subtopic 326-20 does not require the use of a

specific loss estimation method for purposes of determining ACLs. Various methods may be used to estimate the

expected collectibility of financial assets measured at

amortized cost, with those methods generally applied

consistently over time. The same loss estimation method

does not need to be applied to all financial assets. A

holding company is not precluded from selecting a

different method when it determines the method will

result in a better estimate of ACLs.

ASC Subtopic 326-20 requires a holding company to

measure estimated expected credit losses over the contractual term of its financial assets, considering expected

prepayments. Renewals, extensions, and modifications

are excluded from the contractual term of a financial

asset for purposes of estimating the ACL unless there is a

reasonable expectation of executing a troubled debt

restructuring or the renewal and extension options are

part of the original or modified contract and are not

unconditionally cancellable by the holding company. If

such renewal or extension options are present, a holding

company must evaluate the likelihood of a borrower

exercising those options when determining the contractual term.

In estimating the net amount expected to be collected on

financial assets measured at amortized cost, a holding

company should consider the effects of past events,

current conditions, and reasonable and supportable forecasts on the collectibility of the holding company’s

financial assets. Under ASC Subtopic 326-20, a holding

company is required to use relevant forward-looking

information and expectations drawn from reasonable and

supportable forecasts when estimating expected credit

losses.

Expected recoveries, prior to collection, are a component

of management’s estimate of the net amount expected to

be collected for a financial asset. Expected recoveries of

amounts previously charged off or expected to be charged

off that are included in ACLs may not exceed the

aggregate amounts previously charged off or expected to

be charged off. All assumptions related to expected

recoveries should be appropriately documented and supported. When estimating expected recoveries, management may conclude that amounts previously charged off

are not collectible.

Changes in the ACL —Additions to, or reductions of, the

ACL to adjust its level to management’s current estimate

of expected credit losses are to be made through charges

or credits to the “provision for credit losses on financial

assets” (provision) in item 4 of Schedule HI, Income

Statement, except for changes to adjust the level of the

ACL for off-balance-sheet credit exposures. When available information confirms that specific financial assets

measured at amortized cost, or portions thereof, are

uncollectible, these amounts should be promptly charged

off against the related ACL in the period in which the

financial assets are deemed uncollectible. Under no circumstances can expected credit losses on financial assets

measured at amortized cost be charged directly to

“Retained earnings” after the initial adoption of ASC

Topic 326, for which the change from the incurred loss to

the current expected credit losses methodology is required

to be recorded through a cumulative-effect adjustment to

retained earnings. This cumulative-effect adjustment is

reported in Schedule HI-A, item 2, “Cumulative effect of

changes in accounting principles and corrections of material accounting errors,” and disclosed in Notes to the

Income Statement (Other), item 3, “Effect of adoption of

current expected credit losses methodology on allowances for credit losses on loans and leases held for

investment and held-to-maturity debt securities.”

Recoveries on financial assets measured at amortized

cost represent collections on amounts that were previously charged off against the related ACL. Recoveries

Glossary

GL-6 FR Y-9C

Glossary March 2021
shall be credited to the ACL, provided that the total

amount credited to the ACL as recoveries on a financial

asset (which may include amounts representing principal,

interest, and fees) is limited to the amount previously

charged off against the ACL on that financial asset. Any

amounts collected in excess of this limit should generally

be recognized as noninterest income upon collection.

Charge-Offs and Establishment of a New Amortized Cost

Basis—When a holding company makes a full or partial

charge-off of a financial asset measured at amortized cost

that is deemed uncollectible, the holding company establishes a new cost basis for that financial asset. Consequently, once a new cost basis has been established for a

financial asset through a charge-off, this amortized cost

basis may not be directly “written up” at a later date.

Reversing the previous charge-off and “re-booking” the

charged-off asset after the holding company concludes

that the prospects for recovering the charge-off have

improved, regardless of whether the holding company

assigns a new account number to the asset or the borrower signs a new note, is not an acceptable accounting

practice. Nevertheless, as stated above, management’s

estimate of the net amount expected to be collected for a

financial asset, as reflected in the related ACL, considers

expected recoveries.

If losses charged off against an ACL exceed the amount

of the ACL, a provision expense sufficient to restore the

ACL to an appropriate level must be charged to a

provision for credit losses on the income statement

during the reporting period in which the charge-off is

recorded. A holding company shall not increase an ACL

by transferring an amount from retained earnings or any

segregation thereof to the ACL.

Collateral-Dependent Financial Assets—A collateraldependent financial asset is a financial asset for which

repayment is expected to be provided substantially

through the operation or sale of the collateral when the

borrower, based on management’s assessment, is experiencing financial difficulty as of the reporting date.

For purposes of these reports, the ACL for a collateraldependent loan is measured using the fair value of

collateral, regardless of whether foreclosure is probable.

This application of this requirement for purposes of these

reports is limited to collateral-dependent loans; it does

not apply to other financial assets such as held-tomaturity debt securities that are collateral dependent.

When estimating the ACL for a collateral-dependent

loan, the fair value of collateral should be adjusted to

consider estimated costs to sell if repayment or satisfaction of the loan depends on the sale of the collateral. ACL

adjustments for estimated costs to sell are not appropriate

when the repayment of a collateral-dependent loan is

expected from the operation of the collateral.

The fair value of collateral securing a collateraldependent loan may change over time. If the fair value of

the collateral as of the ACL evaluation date has decreased

since the previous ACL evaluation date, the ACL should

be increased to reflect the additional decrease in the fair

value of the collateral. Likewise, if the fair value of the

collateral has increased as of the ACL evaluation date,

the increase in the fair value of the collateral is reflected

through a reduction in the ACL. Any negative ACL that

results is capped at the amount previously charged off. In

general, any portion of the amortized cost basis in excess

of the fair value of collateral less estimated costs to sell,

if applicable, that can be identified as uncollectible

should be promptly charged off against the ACL.

Financial Assets with Collateral Maintenance

Agreements—Holding companies may have financial

assets that are secured by collateral (such as debt securities) and are subject to collateral maintenance agreements

requiring the borrower to continuously replenish the

amount of collateral securing the asset. If the fair value of

the collateral declines, the borrower is required to provide additional collateral as specified by the agreement.

ASC Topic 326 includes a practical expedient for financial assets with collateral maintenance agreements where

the borrower is required to provide collateral greater than

or equal to the amortized cost basis of the asset and is

expected to continuously replenish the collateral. In those

cases, the holding company may elect the collateral

maintenance practical expedient and measure expected

credit losses for these qualifying assets based on the fair

value of the collateral. If the fair value of the collateral is

greater than the amortized cost basis of the financial asset

and the holding company expects the borrower to replenish collateral as needed, the holding company may record

an ACL of zero for the financial asset when the collateral

maintenance practical expedient is applied. Similarly, if

the fair value of the collateral is less than the amortized

cost basis of the financial asset and the holding company

expects the borrower to replenish collateral as needed,

the ACL is limited to the difference between the fair

Glossary

FR Y-9C GL-7

Glossary March 2020
value of the collateral and the amortized cost basis of the

asset as of the reporting date when applying the collateral

maintenance practical expedient.

Off-Balance-Sheet Credit Exposures—Each holding company should also estimate, as a separate liability account,

expected credit losses for off-balance-sheet credit exposures not accounted for as insurance, over the contractual

period during which the holding company is exposed to

credit risk. The estimate of expected credit losses should

take into consideration the likelihood that funding will

occur as well as the amount expected to be funded over

the estimated remaining contractual term of the offbalance-sheet credit exposures. Off-balance sheet credit

exposures include loan commitments, financial standby

letters of credit, and financial guarantees not accounted

for as insurance, and other similar instruments except for

those within the scope of ASC Topic 815 on derivatives

and hedging. This separate allowance should be reported

in Schedule HC-G, item 3, “′′llowance for credit losses

on off-balance-sheet credit exposures,” not as part of the

“Allowance for credit losses on loans and leases” in

Schedule HC, item 4.c. Additions to, or reductions of, the

allowance for credit losses on off-balance sheet credit

exposures to adjust the balance of the allowance to an

appropriate level are reported in net income.

Holding companies should not record an estimate of

expected credit losses for off-balance-sheet credit exposures that are unconditionally cancellable by the issuer.

For example, for a holding company that has unfunded

commitments (i.e., available credit) on credit cards, the

holding company should not record an allowance for

expected credit losses for unfunded commitments for

which the holding company has the ability to unconditionally cancel the available line of credit. In contrast,

home equity lines of credit may be deemed unconditionally cancellable for regulatory capital purposes. However, unfunded commitments under home equity lines of

credit are not considered unconditionally cancellable by

the issuer for purposes of estimating expected credit

losses under ASC Topic 326, because the lender may not

unilaterally refuse to extend credit under the commitment.

Recourse Liability Accounts—Recourse liability accounts

that arise from recourse obligations for any transfers of

financial assets that are reported as sales should not be

included in an ACL. These accounts are considered

separate and distinct from ACLs and from the allowance

for credit losses on off-balance sheet credit exposures.

Recourse liability accounts should be reported in Schedule HC-G, item 4, “All other liabilities.”

See also the Glossary entries for “accrued interest receivable,” “amortized cost basis,” “business combinations,”

“foreclosed assets,” “loan,” “loan fees,” “nonaccrual

status,” “purchased credit-deteriorated assets,” “securities activities,” “transfers of financial assets,” and

“troubled debt restructurings.”

Allowance for Loan and Lease Losses: This Glossary

entry applies to holding companies that have not adopted

ASC Topic 326, Financial Instruments—Credit Losses.

Holding companies that have adopted ASC Topic 326

should refer to the Glossary entry for “allowance for

credit losses.” Each holding company must maintain an

allowance for loan and lease losses (allowance) at a level

that is appropriate to cover estimated credit losses associated with its loan and lease portfolio, i.e., loans and

leases that the holding company has intent and ability to

hold for the foreseeable future or until maturity or payoff.

Each holding company should also maintain, as a separate liability account, an allowance at a level that is

appropriate to cover estimated credit losses associated

with off-balance sheet credit instruments such as offbalance sheet loan commitments, standby letters of credit,

and guarantees. This separate allowance should be

reported in Schedule HC-G, item 3, ‘‘Allowance for

credit losses on off-balance sheet credit exposures,’’ not

as part of the ‘‘Allowance for loan and lease losses’’ in

Schedule HC, item 4(c).

With respect to the loan and lease portfolio, the term

‘‘estimated credit losses’’ means an estimate of the

current amount of loans and leases that it is probable the

holding company will be unable to collect given facts and

circumstances as of the evaluation date. Thus, estimated

credit losses represent net charge-offs that are likely to be

realized for a loan or pool of loans. These estimated

credit losses should meet the criteria for accrual of a loss

contingency (i.e., through a provision to the allowance)

set forth in generally accepted accounting principles

(GAAP).

As of the end of each quarter, or more frequently if

warranted, the management of each holding company

must evaluate, subject to examiner review, the collectibility of the loan and lease portfolio, including any recorded

accrued and unpaid interest (i.e., not already reversed or

charged off), and make entries to maintain the balance of

Glossary

GL-8 FR Y-9C

Glossary March 2020
the allowance for loan and lease losses on the balance

sheet at an appropriate level. Management must maintain

reasonable records in support of their evaluations and

entries. Furthermore, each holding company is responsible for ensuring that controls are in place to consistently

determine the allowance for loan and lease losses in

accordance with GAAP (including ASC Subtopic 450-20

Contingencies—Loss Contingencies and ASC Topic 310,

Receivables the holding company’s stated policies and

procedures, management’s best judgment and relevant

supervisory guidance.

Additions to, or reductions of, the allowance account

resulting from such evaluations are to be made through

charges or credits to the ‘‘provision for loan and lease

losses’’ (provision) in the FR Y-9C. When available

information confirms that specific loans and leases, or

portions thereof, are uncollectible, these amounts should

be promptly charged off against the allowance. All

charge-offs of loans and leases shall be charged directly

to the allowance. Under no circumstances can loan or

lease losses be charged directly to ‘‘Retained earnings.’’

Recoveries on loans and leases represent collections on

amounts that were previously charged off against the

allowance. Recoveries shall be credited to the allowance,

provided, however, that the total amount credited to the

allowance as recoveries on an individual loan (which

may include amounts representing principal, interest, and

fees) is limited to the amount previously charged off

against the allowance on that loan. Any amounts collected in excess of this limit should be recognized as

income.

ASC Subtopic 310-30, Receivables – Loans and Debt

Securities Acquired with Deteriorated Credit Quality

prohibits a holding company from “carrying over” or

creating loan loss allowances in the initial accounting for

“purchased impaired loans,” i.e., loans that a holding

company has purchased where there is evidence of

deterioration of credit quality since the origination of the

loan and it is probable, at the purchase date, that the

holding company will be unable to collect all contractually required payments receivable. This prohibition applies

to the purchase of an individual impaired loan, a pool or

group of impaired loans, and impaired loans acquired in a

purchase business combination. However, if, upon evaluation subsequent to acquisition, based on current information and events, it is probable that the holding company is

unable to collect all cash flows expected at acquisition

(plus additional cash flows expected to be collected

arising from changes in estimate after acquisition) on a

purchased impaired loan (not accounted for as a debt

security), the loan should be considered impaired for

purposes of establishing an allowance pursuant to ASC

Subtopic 450-20 or ASC Topic 310, as appropriate.

When a holding company makes a full or partial direct

write-down of a loan or lease that is uncollectible, the

holding company establishes a new cost basis for the

asset. Consequently, once a new cost basis has been

established for a loan or lease through a direct writedown, this cost basis may not be ‘‘written up’’ at a later

date. Reversing the previous write-down and ‘‘rebooking’’ the charged-off asset after the holding company concludes that the prospects for recovering the

charge-off have improved, regardless of whether the

holding company assigns a new account number to the

asset or the borrower signs a new note, is not an

acceptable accounting practice.

The allowance account must never have a debit balance.

If losses charged off exceed the amount of the allowance,

a provision sufficient to restore the allowance to an

appropriate level must be charged to expense on the

income statement immediately. A holding company shall

not increase the allowance account by transferring an

amount from undivided profits or any segregation thereof

to the allowance for loan and lease losses.

To the extent that a holding company’s reserve for bad

debts for tax purposes is greater than or less than its

‘‘allowance for loan and lease losses’’ on the balance

sheet of the FR Y-9C, the difference is referred to as a

temporary difference. See the Glossary entry for ‘‘income

taxes’’ for guidance on how to report the tax effect of

such a temporary difference.

Recourse liability accounts that arise from recourse obligations for any transfers of loans that are reported as

sales for purposes of these reports should not be included

in the allowance for loan and lease losses. These accounts

are considered separate and distinct from the allowance

account and from the allowance for credit losses on

off-balance sheet credit exposures. Recourse liability

accounts should be reported in Schedule HC-G, item 4,

‘‘Other’’ liabilities.

For comprehensive guidance on the maintenance of an

appropriate allowance for loan and lease losses, holding

companies should refer to the Interagency Policy Statement on the Allowance for Loan and Lease Losses dated

December 13, 2006. For guidance on the design and

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FR Y-9C GL-9

Glossary September 2020
implementation of allowance methodologies and supporting documentation practices, holding companies should

refer to the interagency Policy Statement on Allowance

for Loan and Lease Losses Methodologies and Documentation for Banks and Savings Associations, which was

published on July 6, 2001. Information on the application

of ASC Topic 310, Receivables, to the determination of

an allowance for loan and losses on those loans covered

by that accounting standard is provided in the Glossary

entry for ‘‘loan impairment.’’

For information on reporting on foreclosed and repossessed assets, see the Glossary entry for ‘‘foreclosed

assets.’’

Amortized Cost Basis: The amortized cost basis is the

amount at which a financing receivable or investment is

originated or acquired, adjusted for applicable accrued

interest, accretion, or amortization of premium, discount

and net deferred fees or costs, collection of cash, writeoffs,2

foreign exchange, and fair hedge accounting adjustments.

See also the Glossary entries for “accrued interest receivable,” “loan,” “loan fees,” “nonaccrual status,” and

“securities activities.”

Applicable Income Taxes: See ‘‘Income taxes.’’

Associated Company: See ‘‘Subsidiaries.’’

ATS Account: See ‘‘Deposits.’’

Bankers’ Acceptances: A banker’s acceptance, for purposes of these reports, is a draft or bill of exchange that

has been drawn on and accepted by a banking institution

(the ‘‘accepting bank’’) or its agent for payment by that

institution at a future date that is specified in the instrument. Funds are advanced to the drawer of the acceptance

by the discounting of the accepted draft either by the

accepting bank or by others; the accepted draft is negotiable and may be sold and resold subsequent to its

original discounting. At the maturity date specified, the

holder or owner of the acceptance at that date, who has

advanced funds either by initial discount or subsequent

purchase, presents the accepted draft to the accepting

bank for payment.

The accepting bank has an unconditional obligation to

put the holder in funds (to pay the holder the face amount

of the draft) on presentation on the specified date. The

account party (customer) has an unconditional obligation

to put the accepting bank in funds at or before the

maturity date specified in the instrument.

The following description covers the treatment in the

FR Y-9C of (1) acceptances that have been executed by

a bank subsidiary of the reporting holding company, that

is, those drafts that have been drawn on and accepted by a

subsidiary bank; (2) ‘‘participations’’ in acceptances, that

is, ‘‘participations’’ in the accepting bank’s obligation to

put the holder of the acceptance in funds at maturity, or

participations in the accepting bank’s risk of loss in the

event of default by the account party; and (3) acceptances

owned by the reporting holding company or its subsidiaries, that is, those acceptances— whether executed by

the reporting holding company’s subsidiary banks or by

others—that a bank subsidiary has discounted or that any

subsidiary of the holding company has purchased.

(1) Acceptances executed by a subsidiary bank of the

reporting holding company. With the exceptions

described below, the reporting holding company

must report on its balance sheet the full amount of the

acceptance in both (a) the liability item, ‘‘Other

liabilities’’ (Schedule HC, item 20), reflecting the

subsidiary bank’s obligation to put the holder of the

acceptance in funds at maturity, and (b) the asset

item, ‘‘Other assets’’ (Schedule HC, item 11),

reflecting the account party’s liability to put the

accepting bank subsidiary in funds at or before

maturity. The acceptance liability and acceptance

asset must also be reported in both Schedule HC-G,

item 4, ‘‘Other liabilities,’’ and Schedule HC-F, item

6, ‘‘Other assets,’’ respectively.

Exceptions to the mandatory reporting by the reporting holding company of the full amount of all

outstanding drafts accepted by the bank subsidiary(ies) of the reporting holding company in both

‘‘Other liabilities’’ (Schedule HC, item 20) and

‘‘Other assets’’ (Schedule HC, item 11) on the Consolidated Balance sheet of the FR Y-9C occur in the

following situations:

(a) One exception occurs in situations where the

accepting bank acquires—through initial discounting or subsequent purchase—and holds its

own acceptance (i.e., a draft that it has itself

accepted). In this case, the bank subsidiary’s own

acceptances that are held by it will not be reported

2. The FASB’s term “write-off” is used interchangeably with the term

“charge-off” in these instructions. These terms can refer to both full and

partial write-offs or charge-offs.

Glossary

GL-10 FR Y-9C

Glossary June 2015
in the ‘‘Other liabilities’’ and ‘‘Other assets’’

items noted above. The bank subsidiary’s holdings of its own acceptances will be reported

either in “Loans and leases held for sale” (Schedule HC, item 4.a), “Loans and leases, held for

investment (Schedule HC, item 4(b)) or, if held

in a trading account, in ‘‘Trading assets’’ (Schedule HC, item 5).

(b) A second exception occurs where the parent

holding company or a subsidiary of the holding

company (other than the accepting bank subsidiary) purchases an acceptance executed by one of

the reporting holding company’s subsidiary banks.

In this case, the process of consolidation eliminates the consolidated holding company’s liability on acceptances and outstanding and the customers’ liability to the accepting bank on

acceptances outstanding will be reported either in

Schedule HC, item 4(b) or item 5.

(c) A third exception occurs in situations where the

account party anticipates its liability to a bank

subsidiary of the reporting holding company on

an acceptance outstanding by making a payment

to the bank that reduces the customer’s liability

in advance of the maturity of the acceptance.

In this case, the holding company will decrease

the asset item “Other assets” (Schedule HC,

item 11) by the amount of such prepayment; the

prepayment will not affect the liability item

‘‘Other liabilities’’ (Schedule HC, item 20) which

would continue to reflect the full amount of the

acceptance until the bank subsidiary has repaid

the holder of the acceptance at the maturity date

specified in the instrument. If the account party’s

payment to the accepting bank before the maturity date is not for the purpose of immediate

reduction of its indebtedness to the reporting

bank or if receipt of the payment does not

immediately reduce or extinguish that indebtedness, such advance payment will not reduce

item 11 of Schedule HC but should be reflected

in the bank’s deposit liabilities.

(d) A fourth exception occurs when the holding

company has a subsidiary of the holding company (other than the accepting bank) that is the

account party (customer) in the acceptance transaction. In this case, the process of consolidation

eliminates the asset item but will leave the liability item (item 20) unaffected except where the

holding company or one of its consolidated subsidiaries purchases the acceptance executed.

In all situations other than these four exceptions just

described, the reporting holding company’s financial

statement must reflect the full amount of its acceptances in ‘‘Other liabilities’’ (Schedule HC, item 20)

and in ‘‘Other assets’’ (Schedule HC, item 11).

(2) “Participations” in acceptances. The general requirement for the accepting bank to report on its balance

sheet the full amount of the total obligation to put the

holder of the acceptance in funds applies also, in

particular, to any situation in which the acceptingbank enters into any kind of arrangement with

others for the purpose of having the latter share, or

participate, in the obligation to put the holder of the

acceptance in funds at maturity or in the risk of loss

in the event of default on the part of the account

party.3

In any such sharing arrangement or participation agreement—regardless of its form or its contract

provisions, regardless of the terminology (e.g.,

‘‘funded,’’ ‘‘risk,’’ ‘‘unconditional,’’ or ‘‘contingent’’)

used to describe it and the relationships under it,

regardless of whether it is described as a participation

in the customer’s liability or in the accepting bank’s

obligation or in the risk of default by the account

party, and regardless of the system of debits and

credits used by the accepting bank to reflect the

participation arrangement—the existence of the participation or other agreement should not reduce the

accepting bank’s obligation to honor the full amount

of the acceptance at maturity.

The existence of such participations should not to be

recorded on the balance sheet of the accepting bank

subsidiary nor on the consolidated balance sheet

(Schedule HC) of the holding company (except for

immaterial amounts) that conveys shares in its obligation to put the holder of the acceptance in funds or

shares in its risk of loss in the event of default on the

part of the account party, and similarly is not to be

recorded on the balance sheets (Schedule HC) of the

other holding companies or their subsidiaries that are

3. The discussion does not deal with participations in holdings of

bankers acceptances, which are reportable under loans. Such participations

are treated like any participations in loans.

Glossary

FR Y-9C GL-11

Glossary June 2020
party to, or acquire, such participations. However, in

such cases of agreements to participate, the nonaccepting institution acquiring the participation will

report the participation in HC-R, Part II item 17 ‘‘All

other off-balance sheet liabilities.’’ This same reporting treatment applies to a holding company that

acquires a participation in an acceptance of another

(accepting) institution and subsequently conveys the

participation to others and to an institution that

acquires such a participation. Moreover, the holding

company that both acquires and conveys a participation in another institution’s acceptance must report

the amount of the ‘‘All other off-balance sheet liabilites’’ item in Schedule HC-R, Part II.

(3) Acceptances owned by the reporting holding company. The treatment of acceptances owned or held by

the reporting holding company (whether acquired by

initial discount or subsequent purchase) depends

upon whether the acceptances are held in trading

account or in portfolio and upon whether the acceptances held have been accepted by a bank subsidiary

of the reporting holding company or by a bank that is

not a subsidiary of the reporting holding company.

All acceptances held by the reporting holding company in trading accounts (whether acceptances of a

bank of the reporting holding company or of banks

outside the holding company) are to be reported in

Schedule HC, item 5, ‘‘Trading assets.’’ Holding

companies that must complete Schedule HC-D, Trading Assets and Liabilities, will identify there holdings in item 9, ‘‘Other trading assets.’’ The reporting

holding company’s holdings of acceptances other

than those in its trading account (whether acceptances of a bank subsidiary of the reporting holding

company or of banks outside the holding company)

are to be reported in Schedule HC, item 4.a, “Loans

and leases held for sale,” or in item 4(b), “Loans and

leases, held for investment,” and in Schedule HC-C

which calls for detail on “Loans and lease financing

receivables.”

In Schedule HC-C, Part I, the reporting holding company’s holdings of acceptances of banks outside the

reporting holding company, other than those held in trading accounts, are to be reported in ‘‘Loans to depository

institutions and acceptances of other banks’’ (item 2). On

the other hand, the holding company’s holdings of acceptances of its bank subsidiaries, other than those held in

trading accounts, are to be reported in Schedule HC-C

according to the account party of the draft. Thus, holdings of acceptances of bank subsidiaries for which the

account parties are commercial or industrial enterprises

are to be reported in Schedule HC-C in ‘‘Commercial and

industrial loans’’ (item 4); holdings of acceptances of

subsidiary banks for which the account parties are banks

outside the holding company (e.g., in connection with the

refinancing of another acceptance or for the financing of

dollar exchange) are to be reported in Schedule HC-C in

‘‘Loans to depository institutions and acceptances of

other banks’’ (item 2); and holdings of acceptances of

subsidiary banks for which the account parties are foreign governments or official institutions (e.g., for the

financing of dollar exchange) are to be reported in

Schedule HC-C, ‘‘Loans to foreign governments and

official institutions’’ (item 7).

The difference in treatment between holdings of acceptances of subsidiary banks and holdings of other banks’

acceptances reflects the fact that, for other banks’ acceptances, the holding company’s immediate claim is on the

accepting bank, regardless of the account party or of the

purpose of the loan. On the other hand, for its holdings of

its own acceptances, the holding company’s immediate

claim is on the account party named in the accepted draft.

If the account party prepays its acceptance liability on an

acceptance of a bank subsidiary of the reporting holding

company that is held by the bank subsidiary (either in

loans or trading account) so as to immediately reduce its

indebtedness to the bank subsidiary, the recording of the

holding—in ‘‘Commercial and industrial loans,’’ ‘‘Loans

to depository institutions,’’ or ‘‘Assets held in trading

accounts,’’ as appropriate—is reduced by the prepayment.

Bank-Owned Life Insurance: ASC Subtopic 325-30,

Investments—Other—Investments in Insurance Contracts, addresses the accounting for bank-owned life

insurance. According to ASC Subtopic 325-30, only the

amount that could be realized under the insurance contract as of the balance sheet date should be reported as an

asset. In general, this amount is the cash surrender value

reported to the institution by the insurance carrier less

any applicable surrender charges not reflected by the

insurance carrier in the reported cash surrender value,

i.e., the net cash surrender value. An institution should

also consider any additional amounts included in the

contractual terms of the policy in determining the amount

Glossary

GL-12 FR Y-9C

Glossary September 2020
that could be realized under the insurance contract in

accordance with ASC Subtopic 325-30.

Because there is no right of offset, an investment in

bank-owned life insurance should be reported as an asset

separately from any related deferred compensation liability.

Institutions that have entered into split-dollar life insurance arrangements should follow the guidance on the

accounting for the deferred compensation and postretirement benefit aspects of such arrangements in ASC Subtopic 715-60, Compensation-Retirement Benefits—

Defined Benefit Plans-Other Postretirement. In general,

in an endorsement split-dollar arrangement, an institution

owns and controls the insurance policy on the employee,

whereas in a collateral assignment split-dollar arrangement, the employee owns and controls the insurance

policy. According to ASC Subtopic 715-60, an institution

should recognize a liability for the postretirement benefit

related to a split-dollar life insurance arrangement if,

based on the substantive agreement with the employee,

the institution has agreed to maintain a life insurance

policy during the employee’s retirement or provide the

employee with a death benefit. This liability should be

measured in accordance with either ASC Topic 715,

Compensation-Retirement Benefits (if, in substance, a

postretirement benefit plan exists) or ASC

Subtopic 710-10, Compensation-General—Overall, (if

the arrangement is, in substance, an individual deferred

compensation contract), and reported on the balance

sheet in Schedule HC, item 20, “Other liabilities,” and in

Schedule HC-G, item 4, “Other.” In addition, for a

collateral assignment split-dollar arrangement, ASC Subtopic 715-60 states that an employer such as an institution should recognize and measure an insurance asset

based on the nature and substance of the arrangement.

The amount that could be realized under bank-owned life

insurance policies as of the report date should be reported

on the balance sheet in Schedule HC, item 11, ‘‘Other

assets,’’ and in Schedule HC-F, item 5, ‘‘Life insurance

assets.’’ The net earnings (losses) on or the net increases

(decreases) in the institution’s life insurance assets should

be reported in the income statement in Schedule HI, item

5(l), ‘‘Other noninterest income.’’ Alternatively, the gross

earnings (losses) on or increases (decreases) in these life

insurance assets may be reported in Schedule HI, item

5(l), and the life insurance policy expenses may be

reported in Schedule HI, item 7(d), ‘‘Other noninterest

expense.’’ If the absolute value of the earnings (losses) on

or the increases (decreases) in the institution’s life insurance assets are reported in Schedule HI, item 5(l), “Other

noninterest income,” are greater than $100,000 and

exceed 7 percent of ‘‘Other noninterest income,’’ this

amount should be reported in Schedule HI, Memorandum item 6(b).

Banks, U.S. and Foreign: In the classification of banks

as customers of the reporting holding company, distinctions are drawn for purposes of the FR Y-9C between

“U.S. banks” and “commercial banks in the U.S.” and

between “foreign banks” and “banks in foreign countries.” Some report items call for one set of these

categories and other items call for the other set. The

distinctions center around the inclusion or exclusion of

foreign branches of U.S. banks and U.S. branches and

agencies of foreign banks. For purposes of describing the

office location of banks as customers of the reporting

bank, the term “United States” covers the 50 states of the

United States, the District of Columbia, Puerto Rico, and

U.S. territories and possessions. (This is in contrast to the

usage with respect to the offices of the reporting bank,

where U.S.-domiciled Edge and Agreement subsidiaries

and IBFs are included in “foreign” offices. Furthermore,

for holding companies chartered and headquartered in the

50 states of the United States and the District of Columbia, offices of the reporting holding company in Puerto

Rico and U.S. territories and possessions are also included

in “foreign” offices, but, for holding companies chartered

and headquartered in Puerto Rico and U.S. territories and

possessions, offices of the reporting holding company in

Puerto Rico and U.S. territories and possessions are

included in “domestic” offices.)

U.S. banks—The term ‘‘U.S. banks’’ covers both the U.S.

and foreign branches of banks chartered and headquartered in the U.S. (including U.S.-chartered banks

owned by foreigners), but excluding U.S. branches and

agencies of foreign banks. On the other hand, the term

‘‘banks in the U.S.’’ or ‘‘commercial banks in the U.S.’’

(the institutional coverage of which is described in detail

later in this entry) covers the U.S. offices of U.S. banks

(including their IBFs) and the U.S. branches and agencies

of foreign banks, but excludes the foreign branches of

U.S. banks.

Foreign banks—Similarly, the term ‘‘foreign banks’’

covers all branches of banks chartered and headquartered

in foreign countries (including foreign banks owned by

Glossary

FR Y-9C GL-13

Glossary September 2020
U.S. nationals and institutions), including their U.S.-

domiciled branches and agencies, but excluding the

foreign branches of U.S. banks. In contrast, the term

‘‘banks in foreign countries’’ covers foreign-domiciled

branches of banks, including the foreign branches of U.S.

banks, but excluding the U.S. branches and agencies of

foreign banks.

The following table summarizes these contrasting categories of banks considered as customers as used in the

Reports of Condition and Income. (‘‘X’’ indicates inclusion; no entry indicates exclusion.)

Commercial banks in the U.S.—The detailed institutional composition of ‘‘commercial banks in the U.S.’’

includes:

(1) the U.S.-domiciled head offices and branches of:

(a) national banks;

(b) state-chartered commercial banks;

(c) trust companies that perform a commercial banking business;

(d) industrial banks;

(e) International Banking Facilities (IBFs) of U.S.

banks;

(f) Edge and Agreement corporations; and

(g) private or unincorporated banks;

(2) the U.S.-domiciled branches and agencies of foreign

banks (as defined below).

U.S.

banks

Commercial

banks in

the U.S.

Foreign

banks

Banks in

foreign

countries

U.S. branches

of U.S. banks

(including

IBFs) .............. X X

Foreign branches

of U.S. banks ... X X

Foreign branches

of foreign

banks .............. X X

U.S. branches

and agencies

of foreign

banks .............. X X

This coverage includes the U.S. institutions listed above

that are owned by foreigners. Excluded from commercial

banks in the U.S. are branches located in foreign countries of U.S. banks.

U.S. branches and agencies of foreign banks—U.S.

branches of foreign banks include any offices or places of

business of foreign banks that are located in the United

States at which deposits are accepted. U.S. agencies of

foreign banks generally include any offices or places of

business of foreign banks that are located in the United

States at which credit balances are maintained incidental

to or arising out of the exercise of banking powers but at

which deposits may not be accepted from citizens or

residents of the United States. For purposes of the

FR Y-9C, the term ‘‘U.S. branches and agencies of

foreign banks’’ covers:

(1) the U.S. branches and agencies of foreign banks;

(2) the U.S. branches and agencies of foreign official

banking institutions, including central banks,

nationalized banks, and other banking institutions

owned by foreign governments; and

(3) investment companies that are chartered under Article

XII of the New York State banking law and that are

majority-owned by one or more foreign banks.

Banks in foreign countries—The institutional composition of ‘‘banks in foreign countries’’ includes:

(1) the foreign-domiciled head offices and branches of:

(a) foreign commercial banks (including foreigndomiciled banking subsidiaries of U.S. banks and

of Edge and Agreement corporations);

(b) foreign savings banks or discount houses;

(c) nationalized banks not functioning either as central banks, as foreign development banks, or as

banks of issue;

(d) other similar foreign institutions that accept

short-term deposits; and

(2) the foreign-domiciled branches of U.S. banks.

See also ‘‘International Banking Facility (IBF).’’ Banks

in Foreign Countries: See ‘‘Banks, U.S. and foreign.’’

Bill-of-Lading Draft: See ‘‘Commodity or bill-of-lading

draft.’’

Glossary

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Glossary June 2015
Borrowings and Deposits in Foreign Offices: Borrowings in foreign offices include assets rediscounted with

central banks, certain participations sold in loans and

securities, government funding of loans, borrowings from

the Export–Import Bank, and rediscounted trade acceptances. Federal funds sold and repurchase agreements in

foreign offices should be reported in accordance with the

Glossary entries for ‘‘federal funds transactions’’ and

‘‘repurchase/resale agreements.’’ Liability accounts such

as accruals and allocated capital shall not be reported as

borrowings. Deposits consist of such other short-term

and long-term liabilities issued or undertaken as a means

of obtaining funds to be used in the banking business and

include those liabilities generally characterized as placements and takings, call money, and deposit substitutes.

Key factors in determining if a liability is a deposit or

borrowing are the provisions of the underlying contract.

If no such contract exists the confirmation may be used to

determine the nature of the liability.

Brokered Deposits: Brokered deposits represent deposits which the banking subsidiaries of the reporting holding company receives from brokers or dealers for the

account of others either directly or ultimately. Brokered

deposits include both those in which the entire beneficial

interest in a given deposit instrument issued by the bank

subsidiary is held by a single depositor and those in

which the broker sells participations in a given bank

instrument to one or more investors.

Section 202 of the Economic Growth, Regulatory Relief,

and Consumer Protection Act, enacted on May 24, 2018,

amends Section 29 of the Federal Deposit Insurance Act

to except a capped amount of reciprocal deposits from

treatment as, and from being reported as, brokered

deposits for qualifying institutions. The FDIC has

amended its regulations to conform to the treatment of

reciprocal deposits set forth in Section 202. Under Section 202, brokered deposits include “brokered at reciprocal deposits.” Brokered deposits do not include those

reciprocal deposits that are not “brokered reciprocal

deposits.”

As defined in Section 327.S(q) of the FDIC’s regulations,

“brokered reciprocal deposits” are “reciprocal deposits as

defined in Section 337.6(e)(2)(v) of the FDIC’s regulation that are not excepted from an institutions brokered

deposits pursuant to Section 227.6(e)” of the FDIC’s

regulations. As defined in Section 337.7(e)(2)(v) “reciprocal deposits” means “depostis received by an agent

institution through a deposit placement network with the

same maturity (if any) and in the same aggregate amount

as covered deposits placed by the agent institution in

other network member banks.” Brokered reciprocal

deposits should be reported as brokered deposits in

Schedule HC-E, Memorandum items 1 and 2.

Brokered Retail Deposits: are brokered deposits that are

issued in denominations of $100,000 or less or that are

issued in denominations greater than $100,000 and participated out by the broker in shares of $100,000 or less.

In some cases, brokered retailed deposits are issued in

$1,000 amounts under a master certificate of deposit

issued by a bank subsidiary to a deposit broker in an

amount that exceeds $100,000. For these retail brokered

deposits, multiple purchases by individual depositors

from an individual bank subsidiary normally do not

exceed the applicable deposit insurance limit (either

$100,000 or $250,000), but under current deposit insurance rules the deposit broker is not required to provide

information routinely on these purchasers and their

account ownership capacity to the bank subsidiary issuing the deposits. If this information is not readily available to the issuing bank subsidiary, these brokered certificates of deposit in $1,000 amounts may be rebuttably

presumed to be fully insured brokered deposits and

should be reported in Schedule HC-E, Memorandum

item 1 or 2. In addition, some brokered deposits are

transaction accounts or money market deposit accounts

(MMDAs) that are denominated in amounts of $0.01 and

established and maintained by the deposit broker (or its

agent) as agent, custodian, or other fiduciary for the

broker’s customers. An individual depositor’s deposits

within the brokered transaction account or MMDA normally do not exceed the applicable deposit insurance

limit. As with retail brokered deposits, if information on

these depositors and their account ownership capacity is

not readily available to the bank subsidiary establishing

the transaction account or MMDA, the amounts in the

transaction account or MMDA may be rebuttably presumed to be fully insured brokered deposits and should

be reported in Schedule HC-E, Memorandum item 1 or 2.

For purposes of this report, the term deposit broker

includes:

(1) any person engaged in the business of placing deposits, or facilitating the placement of deposits, of third

parties with insured depository institutions or the

business of placing deposits with insured depository

Glossary

FR Y-9C GL-15

Glossary March 2019
institutions for the purpose of selling interests in

those deposits to third parties, and

(2) an agent or trustee who establishes a deposit account

to facilitate a business arrangement with an insured

depository institution to use the proceeds of the

account to fund a prearranged loan.

The term deposit broker does not include:

(1) an insured depository institution, with respect to

funds placed with that depository institution;

(2) an employee of an insured depository institution,

with respect to funds placed with the employing

depository institution;

(3) a trust department of an insured depository institution, if the trust in question has not been established

for the primary purpose of placing funds with insured

depository institutions;

(4) the trustee of a pension or other employee benefit

plan, with respect to funds of the plan;

(5) a person acting as a plan administrator or an investment adviser in connection with a pension plan or

other employee benefit plan provided that that person

is performing managerial functions with respect to

the plan;

(6) the trustee of a testamentary account;

(7) the trustee of an irrevocable trust (other than a trustee

who establishes a deposit account to facilitate a

business arrangement with an insured depository

institution to use the proceeds of the account to fund

a prearranged loan), as long as the trust in question

has not been established for the primary purpose of

placing funds with insured depository institutions;

(8) a trustee or custodian of a pension or profit sharing

plan qualified under Section 401(d) or 430(a) of the

Internal Revenue Code of 1986; or

(9) an agent or nominee whose primary purpose is not

the placement of funds with depository institutions.

(For purposes of applying this ninth exclusion from

the definition of deposit broker, ‘‘primary purposes’’

does not mean ‘‘primary activity,’’ but should be

construed as ‘‘primary intent.’’)

Notwithstanding these nine exclusions, the term deposit

broker includes any insured depository institution, and

any employee of any insured depository institution,

which engages, directly or indirectly, in the solicitation of

deposits by offering rates of interest (with respect to such

deposits) which are significantly higher than the prevailing rates of interest on deposits offered by other insured

depository institutions having the same type of charter in

such depository institution’s normal market area.

In addition, deposit instruments of the reporting holding

company that are sold to brokers, dealers, or underwriters

(including both bank affiliates and nonbank subsidiaries

of the reporting holding company) who then reoffer

and/or resell these deposit instruments to one or more

investors, regardless of the minimum denomination

which the investor must purchase, are considered brokered

deposits.

In some cases, brokered deposits are issued in the name

of the depositor whose funds have been placed in a

holding company or its subsidiary by a deposit broker. In

other cases, a holding company’s deposit account records

may indicate that the funds have been deposited in the

name of a third-party custodian for the benefit of others

(e.g., ‘‘XYZ Corporation as custodian for the benefit of

others,’’ or ‘‘Custodial account of XYZ Corporation’’).

Unless the custodian meets one of the specific exemptions from the ‘‘deposit broker’’ definition in Section 29

of the Federal Deposit Insurance Act and this Glossary

entry, these custodial accounts should be reported as

brokered deposits in Schedule HC-E, Deposit Liabilities.

A deposit listing service whose only function is to

provide information on the availability and terms of

accounts is not facilitating the placement of deposits and

therefore is not a deposit broker per se. However, if a

deposit broker uses a deposit listing service to identify an

institution offering a high rate on deposits and then places

its customers’ funds at that institution, the deposits would

be brokered deposits and the institution should report

them as such in Schedule HC-E. The designation of these

deposits as brokered deposits is based not on the broker’s

use of the listing service but on the placement of the

deposits in the institution by the deposit broker.

Broker’s Security Draft: A broker’s security draft is a

draft with securities or title to securities attached that is

drawn to obtain payment for the securities. This draft is

sent to a bank for collection with instructions to release

the securities only on payment of the draft.

Business Combinations: The accounting and reporting

standards for business combinations are set forth in ASC

Topic 805, Business Combinations. ASC Topic 805

Glossary

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Glossary September 2020
requires that all business combinations, which are defined

as the acquisition of assets and assumption of liabilities

that constitute a business, be accounted for using the

acquisition method of accounting. The formation of a

joint venture, the acquisition of a group of assets that do

not constitute a business, and a transfer of net assets or

exchange of equity interests between entities under common control are not considered business combinations

and therefore are not accounted for using the acquisition

method of accounting.

Acquisition method − Under the acquisition method, the

acquirer in a business combination shall measure the

identifiable assets acquired, the liabilities assumed, and

any noncontrolling interest in the acquiree at their

acquisition-date fair values (with limited exceptions

specified in ASC Topic 805) using the definition of fair

value in ASC Topic 820, Fair Value Measurements and

Disclosures. The acquisition date is generally the date on

which the acquirer legally transfers the consideration,

acquires the assets, and assumes the liabilities of the

acquiree, i.e., the closing date. ASC Topic 805 requires

the acquirer to measure acquired receivables, including

loans, at their acquisition-date fair values. If ASC

Topic 326, Financial Instruments—Credit Losses, has not

been adopted, the acquirer may not recognize a separate

valuation allowance (e.g., allowance for loan and lease

losses) for the contractual cash flows that are deemed to

be uncollectible as of that date.

If ASC Topic 326 has been adopted, a holding company

is required to determine whether any acquired financial

assets meet the definition of a purchased creditdeteriorated (PCD) asset. For a financial asset that meets

the definition of a PCD asset, the holding company

applies the gross-up approach and records the acquired

financial asset at its purchase price plus acquisition-date

allowance for credit losses, which establishes the initial

amortized cost basis of the PCD asset. For acquired

financial assets that are not PCD assets, the acquirer

records the purchased financial assets at their acquisitiondate fair values. Additionally, for those acquired financial

assets within the scope of ASC Subtopic 326-20 that are

not PCD financial assets, an allowance is initially recorded

with a corresponding charge to the provision for credit

losses expense in the reporting period that includes the

acquisition date. See also the Glossary entries for “allowance for credit losses” and “purchased credit-deteriorated

assets.”

The consideration transferred in a business combination

shall be calculated as the sum of the acquisition-date fair

values. Acquisition-related costs are costs the acquirer

incurs to effect a business combination such as finder’s

fees; advisory, legal, accounting, valuation, and other

professional or consulting fees; and general administrative costs. The acquirer shall account for acquisitionrelated costs as expenses in the periods in which the costs

are incurred and the services received. The cost to

register and issue debt or equity securities shall be

recognized in accordance with other applicable generally

accepted accounting principles.

At the acquisition date, an acquirer generally will not

have obtained all of the information necessary to measure

the fair values of the identifiable assets acquired, liabilities assumed, any noncontrolling interest in the acquiree,

and consideration transferred for the acquiree. Under

ASC Topic 805, if the initial accounting for a business

combination is incomplete by the end of the reporting

period in which the combination occurs, the acquirer

should report provisional amounts in its FR Y-9C for the

items for which the accounting is incomplete. Provisional

amounts should be based on the best information available. During the measurement period, the acquirer is

required to adjust the provisional amounts recognized at

the acquisition date, with a corresponding adjustment to

goodwill, to reflect new information obtained about facts

and circumstances that existed as of the acquisition date

that, if known, would have affected the measurement of

the amounts recognized as of that date. Topic 805 further

requires an acquirer to recognize adjustments to provisional amounts identified during the measurement period

in the reporting period in which adjustment amounts are

determined. The acquirer also must recognize in the

income statement for the same reporting period the effect

on earnings, if any, resulting from the adjustments to the

provisional amounts as if the accounting for the business

combination had been completed as of the acquisition

date. See ASC Topic 805 for additional guidance on the

measurement period and adjustments to provisional

amounts during this period.

ASC Topic 805 provides guidance for recognizing particular assets acquired and liabilities assumed. Acquired

assets may be tangible (such as securities or fixed assets)

or intangible (as discussed in the following paragraph).

An acquiring entity must not recognize the goodwill, if

any, or the deferred income taxes recorded by an acquired

entity before its acquisition. However, a deferred tax

Glossary

FR Y-9C GL-17

Glossary September 2020
liability or asset must be recognized for differences

between the assigned values and the tax bases of the

recognized assets acquired and liabilities assumed in a

business combination in accordance with ASC Topic

740, Income Taxes. (For further information, see the

Glossary entry for “income taxes.”)

Under ASC Topic 805, an intangible asset must be

recognized as an asset separately from goodwill if it

arises from contractual or other legal rights (regardless of

transferability or separability). Otherwise, an intangible

asset must be recognized as an asset separately from

goodwill only if it is separable, that is, it is capable of

being separated or divided from the entity and sold,

transferred, licensed, rented, or exchanged either individually or together with a related contract, identifiable

asset, or liability. Examples of intangible assets that must

be recognized as an asset separately from goodwill are

core deposit intangibles, purchased credit card relationships, servicing assets, favorable leasehold rights, trademarks, trade names, internet domain names, and noncompetition agreements. However, a holding company that is

a private company, as defined in U.S. GAAP, may elect

the private company accounting alternative for the recognition of certain identifiable intangible assets acquired in

a business combination provided by ASC Subtopic 805-

20, Business Combinations – Identifiable Assets and

Liabilities, and Any Noncontrolling Interest, if it also has

adopted the private company goodwill accounting alternative provided by ASC Subtopic 350-20, Intangibles –

Goodwill and Other – Goodwill. Intangible assets that

are recognized separately from goodwill must be reported

in Schedule HC, item 10(b), “Other intangible assets,”

and in Schedule HC-M, item 12. Refer to the Glossary

entry for “goodwill” for further information on the

private company accounting alternative for identifiable

intangible assets. See also the Glossary entries for “private company” and “public business entity.”

In general, the excess of the sum of the consideration

transferred in a business combination plus the fair value

of any noncontrolling interest in the acquiree over the net

of the acquisition-date amounts of the identifiable assets

acquired and the liabilities assumed measured in accordance with ASC Topic 805 must be recognized as

goodwill, which is reported in Schedule HC, item 10(a).

An acquired intangible asset that does not meet the

criteria described in the preceding paragraph must be

included in the amount recognized as goodwill. After

initial recognition, goodwill must be accounted for in

accordance with ASC Topic 350, Intangibles-Goodwill

and Other, and the instructions for Schedule HI,

item 7.c.(1), “Goodwill impairment losses.”

In contrast, if the total acquisition-date amount of the

identifiable net assets acquired exceeds the consideration

transferred plus the fair value of any noncontrolling

interest in the acquiree (i.e., a bargain purchase), the

acquirer shall reassess whether it has correctly identified

all of the assets acquired and all the liabilities assumed

and shall recognize any additional assets or liabilities that

are identified in that review. If that excess remains after

the review, the acquirer shall recognize that excess in

earnings as a gain attributable to the acquirer on the

acquisition date and report the amount in Schedule HI,

item 5(l), ‘‘Other noninterest income.’’

Under the acquisition method, the historical equity capital balances of the acquired business are not to be carried

forward to the balance sheet of the combined holding

company. The operating results of the acquired business

are to be included in the income and expenses of the

reporting holding company only from the acquisition

date.

Pooling-of-interests method – Under the pooling-ofinterests method, the assets, liabilities, and capital of the

holding company and the business being acquired are

added together on a line-by-line basis without any adjustments for fair value. The historical cost-based amount

(cost adjusted for amortization of premiums and discounts or depreciation) of each asset, liability, and capital

account of the acquiring holding company is added to the

corresponding account of the business being acquired to

arrive at the balance sheet for the combined holding

company. However, the capital stock outstanding of the

combined holding company must be equal to the number

of shares issued and outstanding (including the shares

issued in connection with the acquisition) multiplied by

par or stated value.

If the sum of the capital stock accounts of the entities

being combined does not equal this amount (and it rarely,

if ever, will), adjustment is required. If the sum of the

capital stock accounts is less than the number of shares

outstanding of the combined holding company multiplied

by par or stated value, ‘‘Surplus,’’ Schedule HC, item 25,

must be debited for the amount of the difference and

‘‘Common stock,’’ Schedule HC, item 24, is credited. If

the surplus account is insufficient to absorb such an

adjustment, the remainder must be debited to ‘‘Retained

Glossary

GL-18 FR Y-9C

Glossary September 2020
earnings,’’ Schedule HC, item 26(a). If the sum of the

capital stock accounts is more than the amount of the

outstanding stock of the combined bank, ‘‘Surplus’’ must

be credited and ‘‘Common stock’’ debited.

Any adjustments necessary to conform the accounting

methods of the acquired entity to those of the reporting

holding company must be made, net of related tax effects,

to ‘‘Retained earnings.’’

For the year in which a pooling of interests occurs,

income and expenses must be reported in Schedule HI,

Income Statement, as though the companies had combined at the beginning of the year. The portion of the

adjustment necessary to conform the accounting methods

applicable to the current period must also be allocated to

income and expenses for the period.

Transactions between entities under common control – A

transaction in which net assets or equity interests (e.g.,

voting shares) that constitute a business are transferred

between entities under common control is not accounted

for as a business combination. The method used to

account for such transactions is similar to the pooling-ofinterests method. In accordance with ASC Subtopic

805-50, when applying a method similar to the poolingof-interests method to a transfer of net assets or an

exchange of equity interests between entities under common control, the entity that receives the net assets or

equity interests shall initially measure the recognized

assets and liabilities transferred at their carrying amounts

in the accounts of the transferring entity at the date of

transfer. If the carrying amounts of the assets and liabilities transferred differ from the historical cost of the

parent of the entities under common control, for example,

because pushdown accounting had not been applied, then

the financial statements of the receiving entity shall

reflect the transferred assets and liabilities at the historical cost of the parent of the entities under common

control. Consequently, and without regard to the pushdown accounting election made by the acquiree, if a

parent transfers the acquiree to another entity under

common control or merges the acquiree with another

entity under common control, the receiving entity accounts

for the acquiree using the parent’s historical cost for the

net assets or equity interests in the acquiree. The parent’s

historical cost includes the values of the acquiree’s assets

(including goodwill) and liabilities that were remeasured

at fair value on the acquisition date of the business

combination. If there has been a change in reporting

entity as defined by ASC Subtopic 250-10, Accounting

Changes and Error Corrections–Overall, for the year in

which a transaction between entities under common

control occurs, income and expenses must be reported in

Schedule HI, Income Statement, as though the entities

had combined at the beginning of the year. The portion of

the adjustment necessary to conform the accounting

methods applicable to the current period must also be

allocated to income and expense for the period.

Call Option: See ‘‘Futures, forward, and standby

contracts.’’

Capital Contributions of Cash and Notes Receivable:

An institution may receive cash or a note receivable as a

contribution to its equity capital. The transaction may be

a sale of capital stock or a contribution to paid-in capital

(surplus), both of which are referred to hereafter as

capital contributions. The accounting for capital contributions in the form of notes receivable is set forth in ASC

Subtopic 505-10, Equity—Overall and SEC Staff

Accounting Bulletin No. 107 (Topic 4.E., Receivables

from Sale of Stock, in the Codification of Staff Accounting Bulletins). This Glossary entry does not address other

forms of capital contributions, for example, nonmonetary

contributions to equity capital such as a building.

A capital contribution of cash should be recorded in an

institution’s financial statements when received. Therefore, a capital contribution of cash prior to a quarter-end

report date should be reported as an increase in equity

capital in the institution’s reports for that quarter (in

Schedule HI-A, item 5 or 11, as appropriate). A contribution of cash after quarter-end should not be reflected as

an increase in the equity capital of an earlier reporting

period.

When an institution receives a note receivable rather than

cash as a capital contribution, ASC Subtopic 505-10

states that it is generally not appropriate to report the note

as an asset. As a consequence, the predominant practice

is to offset the note and the capital contribution in the

equity capital section of the balance sheet, i.e., the note

receivable is reported as a reduction of equity capital. In

this situation, the capital stock issued or the contribution

to paid-in capital should be reported in Schedule HC,

item 23, 24, or 25, as appropriate, and the note receivable

should be reported as a deduction from equity capital in

Schedule HC, item 26.c, ‘‘Other equity capital components.’’ No net increase in equity capital should be

Glossary

FR Y-9C GL-19

Glossary September 2020
reported in Schedule HI-A, Changes in Holding Company Equity Capital. In addition, when a note receivable

is offset in the equity capital section of the balance sheet,

accrued interest receivable on the note also should be

offset in equity (and reported as a deduction from equity

capital in Schedule HC, item 26.c), consistent with the

guidance in ASC Subtopic 505-10. Because a nonreciprocal transfer from an owner or another party to an

institution does not typically result in the recognition of

income or expense, the accrual of interest on a note

receivable that has been reported as a deduction from

equity capital should be reported as additional paid-in

capital rather than interest income.

However, ASC Subtopic 505-10 provides that an institution may record a note received as a capital contribution

as an asset, rather than a reduction of equity capital, only

if the note is collected in cash ‘‘before the financial

statements are issued.’’ The note receivable must also

satisfy the existence criteria described below. When

these conditions are met, the note receivable should be

reported separately from an institution’s other loans and

receivables in Schedule HC-F, item 6, ‘‘All other assets,’’

and individually itemized and described in accordance

with the instructions for item 6, if appropriate.

For purposes of this report, the financial statements are

considered issued at the earliest of the following dates:

(1) The submission deadline for the FR Y-9C report;

(2) Any other public financial statement filing deadline

to which the institution is subject; or

(3) The note must be executed and enforceable before

quarter-end.

To be reported as an asset, rather than a reduction of

equity capital, as of a quarter-end report date, a note

received as a capital contribution (that is collected in cash

as described above) must meet the definition of an asset

under generally accepted accounting principles by satisfying all of the following existence criteria:

(1) There must be written documentation providing evidence that the note was contributed to the institution

prior to the quarter-end report date by those with

authority to make such a capital contribution on

behalf of the issuer of the note (e.g., if the contribution is by the institution’s parent holding company,

those in authority would be the holding company’s

board of directors or its chief executive officer or

chief financial officer);

(2) The note must be a legally binding obligation of the

issuer to fund a fixed and determinable amount by a

specified date; and

(3) The note must be executed and enforceable before

quarter-end.

Although a holding company may have a general intent

to, or may have entered into a capital maintenance

agreement with the institution that calls for it to, maintain

the institution’s capital at a specified level, this general

intent or agreement alone would not constitute evidence

that a note receivable existed at quarter-end. Furthermore, if a note receivable for a capital contribution

obligates the note issuer to pay a variable amount, the

institution must offset the note and equity capital. Similarly, an obligor’s issuance of several notes having fixed

face amounts, taken together, would be considered a

single note receivable having a variable payment amount,

which would require all the notes to be offset in equity

capital as of the quarter-end report date.

Capitalization of Interest: Interest costs associated with

the construction of a building shall, if material, be

capitalized as part of the cost of the building. Such

interest costs include both the actual interest incurred

when the construction funds are borrowed and the interest costs imputed to internal financing of a construction

project.

The interest rate utilized to capitalized interest on internally financed projects in the reporting period shall be the

rate(s) applicable to the holding company’s borrowings

outstanding during the period. For this purpose, a holding

company’s borrowings include interest-bearing deposits

and other interest-bearing liabilities. The interest capitalized shall not exceed the total amount of interest cost

incurred by the holding company during the reporting

period.

For further information, see ASC Subtopic 835-20, Interest – Capitalization of Interest.

Carrybacks and Carryforwards: See ‘‘Income taxes.’’

Certificate of Deposit: See ‘‘Deposits.’’

Changes in Accounting Estimates: See ‘‘Accounting

changes.’’

Glossary

GL-20 FR Y-9C

Glossary September 2020
Changes in Accounting Principles: See ‘‘Accounting

changes.’’

Commercial Banks in the U.S.: See ‘‘Banks, U.S. and

foreign.’’

Commercial Letter of Credit: See ‘‘Letter of credit.’’

Commercial Paper: Commercial paper consists of shortterm negotiable promissory notes. Commercial paper

matures in 270 days or less. Commercial paper may be

backed by a standby letter of credit from a bank, as in the

case of documented discounted notes. Holdings of commercial paper are to be reported as ‘‘securities’’ in

Schedule HC-B, unless held for trading and therefore

reportable in Schedule HC, item 5, ‘‘Trading assets.’’

Commodity or Bill-of-Lading Draft: A commodity or

bill-of-lading draft is a draft that is issued in connection

with the shipment of goods. If the commodity or bill-oflading draft becomes payable only when the shipment of

goods against which it is payable arrives, it is an arrival

draft. Arrival drafts are usually forwarded by the shipper

to the collecting depository institution with instructions

to release the shipping documents (e.g., bill of lading)

conveying title to the goods only upon payment of the

draft. Payment, however, cannot be demanded until the

goods have arrived at the drawee’s destination. Arrival

drafts provide a means of insuring payment of shipped

goods at the time that the goods are released.

Common Stock of Unconsolidated Subsidiaries,

Investments in: See the instructions to Consolidated

Financial Statements for Holding Companies, Schedule

HC, item 8, ‘‘Investments in unconsolidated subsidiaries

and associated companies.’’

Continuing Contract: See ‘‘Federal funds transactions.’’

Contractholder: A contractholder is the person, entity

or group to whom an annuity is issued.

Corporate Joint Venture: See ‘‘Subsidiaries.’’

Corrections of Accounting Errors: See “Accounting

changes.”

Coupon Stripping, Treasury Receipts, and STRIPS:

Coupon stripping occurs when a security holder physically detaches unmatured coupons from the principal

portion of a security and sells either the detached coupons or the ex-coupon security separately. (Such transactions are generally considered by the Federal Reserve

to represent “improper investment practices” for holding

companies.) In accounting for such transactions, the

carrying amount of the security must be allocated between

the ex-coupon security and the detached coupons based

on their relative fair values at the date of the sale in

accordance with ASC Topic 860, Transfers and Servicing. (See the Glossary entry for “transfers of financial

assets.”)

Detached U.S. government security coupons and

ex-coupon U.S. government securities that are held for

purposes other than trading, whether resulting from the

coupon stripping activities of the reporting holding company or from its purchase of stripped securities, shall be

reported as “Other domestic debt securities” in Schedule

HC-B. The amount of any discount or premium relating

to the detached coupons or ex-coupon securities must be

amortized. (See the Glossary entry for “premiums and

discounts.”)

A variation of coupon stripping has been developed

by several securities firms which have marketed instruments with such names as CATS (Certificates of Accrual

on Treasury Securities), TIGR (Treasury Investment

Growth Receipts), COUGAR (Certificates on Government Receipts), LION (Lehman Investment Opportunity

Notes), and ETR (East Treasury Receipts). A securities

dealer purchases U.S. Treasury securities, delivers them

to a trustee, and sells receipts representing the rights to

future interest and/or principal payments on the U.S.

Treasury securities held by the trustee. Such Treasury

receipts are not an obligation of the U.S. government and,

when held for purposes other than trading shall be reported

as other (domestic) securities in Schedule HC-B, item

6(a). The discount on these Treasury receipts must be

accreted.

Under a program called Separate Trading of Registered

Interest and Principal of Securities (STRIPS), the U.S.

Treasury has issued certain long-term note and bond

issues that are maintained in the book-entry system

operated by the Federal Reserve Banks in a manner that

permits separate trading and ownership of the interest

and principal payments on these issues. Even after the

interest or principal portions of U.S. Treasury STRIPS

have been separately traded, they remain obligations of

the U.S. government. STRIPS held for purposes other

than trading shall be reported as U.S. Treasury securities

in Schedule HC-B, item 1. The discount on separately

traded portions of STRIPS must be accreted.

Glossary

FR Y-9C GL-21

Glossary September 2020
Detached coupons, ex-coupon securities, Treasury

receipts, and U.S. Treasury STRIPS held for trading

purposes shall be reported in Schedule HC, item 5, at fair

value.

Custody Account: A custody account is one in which

securities or other assets are held by a holding company

or subsidiary of the holding company on behalf of a

customer under a safekeeping arrangement. Assets held

in such capacity are not to be reported in the balance

sheet of the reporting bank nor are such accounts to be

reflected as a liability. Assets of the reporting holding

company held in custody accounts at banks that are

outside the holding company are to be reported on the

reporting holding company’s balance sheet in the appropriate asset categories as if held in the physical custody

of the reporting holding company.

Dealer Reserve Account: A dealer reserve account

arises when the holding company purchases at full face

value a dealer’s installment note receivables, but credits

less than the full face value directly to the dealer’s

account. The remaining amount is credited to a separate

dealer reserve account. That account is held by the

holding company as collateral for the installment notes

and, for reporting purposes, is treated as a deposit in

the appropriate items of Schedule HC-E. The bank will

subsequently disburse to the dealer predetermined portions of the reserve as the purchased notes are paid in a

timely manner.

For example, if a bank purchases $100,000 in notes from

a dealer for the full face amount ($100,000) and pays to

the dealer $90,000 in cash or in credits to his/her deposit

account, the remaining $10,000, which is held as collateral security, would be credited to the dealer reserve

account.

See also “Deposits.”

Debt Issuance Costs: Debt issuance costs include the

underwriting, legal, accounting, printing, and other direct

costs incurred in connection with the issuance of debt.

ASC Subtopic 835-30, Interest—Imputation of Interest,

requires debt issuance costs associated with a recognized

debt liability (not measured at fair value under a fair

value option) to be presented as a direct deduction from

the face amount of the related debt liability, similar to

debt discounts. Debt issuance costs, like debt discounts,

in effect reduce the proceeds of the borrowing, thereby

increasing the effective interest rate on the debt.

For purposes of these reports, institutions should report

debt issuance costs as a direct deduction from the appropriate balance sheet liability category in Schedule HC,

e.g., item 16, “Other borrowed money,” or item 19,

“Subordinated notes and debentures.” However, debt

issuance costs associated with a recognized liability

reported at fair value under a fair value option should be

expensed as incurred.

Debt issuance costs should be amortized using the effective interest method. The amortization of debt issuance

costs should be reported as interest expense in the income

statement category appropriate to the related liability in

Schedule HI, e.g., item 2.c, “Interest on trading liabilities

and other borrowed money,” or item 2.d, “Interest on

subordinated notes and debentures.”

The guidance in ASC Subtopic 835-30 does not address

the presentation or subsequent measurement of debt

issuance costs related to line-of-credit arrangements. The

Federal Reserve would not object to an holding company

deferring and presenting debt issuance costs related to a

line-of-credit arrangement as an “Other asset” and subsequently amortizing the deferred debt issuance costs ratably over the term of the arrangement, regardless of

whether there are any outstanding borrowings on the

line-of-credit arrangement.

Deferred Compensation Agreements: Institutions often

enter into deferred compensation agreements with selected

employees as part of executive compensation and retention programs. These agreements are generally structured

as nonqualified retirement plans for federal income tax

purposes and are based upon individual agreements with

selected employees. Institutions purchase life insurance

in connection with many of these agreements. Bankowned life insurance may produce attractive taxequivalent yields that offset some or all of the costs of the

agreements.

Deferred compensation agreements with select employees under individual contracts generally do not constitute

postretirement income plans (i.e., pension plans) or postretirement health and welfare benefit plans. The accounting for individual contracts that, when taken together, do

not represent a postretirement plan should follow ASC

Subtopic 710-10, Compensation-General – Overall. If the

individual contracts, taken together, are equivalent to a

plan, the plan should be accounted for under ASC

Topic 715, Compensation-Retirement Benefits.

Glossary

GL-22 FR Y-9C

Glossary September 2020
ASC Subtopic 710-10 requires that an employer’s obligation under a deferred compensation agreement be accrued

according to the terms of the individual contract over the

required service period to the date the employee is fully

eligible to receive the benefits, i.e., the ‘‘full eligibility

date.’’ Depending on the individual contract, the full

eligibility date may be the employee’s expected retirement date, the date the employee entered into the contract, or a date between these two dates. ASC Subtopic

710-10 does not prescribe a specific accrual method for

the benefits under deferred compensation contracts, stating only that the ‘‘cost of those benefits shall be accrued

over that period of the employee’s service in a systematic

and rational manner.’’ The amounts to be accrued each

period should result in a deferred compensation liability

at the full eligibility date that equals the then present

value of the estimated benefit payments to be made under

the individual contract.

ASC Subtopic 710-10 does not specify how to select the

discount rate to measure the present value of the estimated

benefit payments. Therefore, other relevant accounting

literature must be considered in determining an appropriate discount rate. For purposes of these reports, an institution’s incremental borrowing rate4 and the current rate

of return on high-quality fixed-income debt securities5 are

acceptable discount rates to measure deferred compensation agreement obligations. An institution must select and

consistently apply a discount rate policy that conforms

with generally accepted accounting principles.

For each deferred compensation agreement to be accounted for in accordance with ASC Subtopic 710-10, an

institution should calculate the present value of the

expected future benefit payments under the agreement at

the employee’s full eligibility date. The expected future

benefit payments can be reasonably estimated and should

be based on reasonable and supportable assumptions. The

estimated amount of these benefit payments should be

discounted because the benefits will be paid in periodic

installments after the employee retires.

For deferred compensation agreements commonly

referred to as revenue neutral or indexed retirement

plans,6

the expected future benefits should include both

the ‘‘primary benefit’’ and, if the employee is entitled to

‘‘excess earnings’’ that are earned after retirement, the

‘‘secondary benefit.’’ The number of periods the primary

and any secondary benefit payments should be discounted may differ because the discount period for each

type of benefit payment should be based upon the length

of time during which each type of benefit will be paid as

specified in the deferred compensation agreement.

After the present value of the expected future benefit

payments has been determined, an institution should

accrue an amount of compensation expense and a liability each year from the date the employee enters into the

deferred compensation agreement until the full eligibility

date. The amount of these annual accruals should be

sufficient to ensure that a deferred compensation liability

equal to the present value of the expected benefit payments is recorded by the full eligibility date. Any method

of deferred compensation accounting that does not recognize some expense in each year from the date the

employee enters into the agreement until the full eligibility date is not systematic and rational. (For indexed

retirement plans, some expense should be recognized for

the primary benefit and any secondary benefit in each of

these years.)

Vesting provisions should be reviewed to ensure that the

full eligibility date is properly determined because this

4. ASC Subtopic 835-30, Interest–Imputation of Interest, states in part

that the rate used for valuation purposes will normally be at least equal to

the rate at which the debtor can obtain financing of a similar nature from

other sources at the date of the transaction.

5. Paragraph 186 in the Basis for Conclusions of former FASB Statement No. 106, “Employers’ Accounting for Postretirement Benefits Other

Than Pensions,” states that “[t]he objective of selecting assumed discount

rates is to measure the single amount that, if invested at the measurement

date in a portfolio of high-quality debt instruments, would provide the

necessary future cash flows to pay the accumulated benefits when due.”

6. Revenue neutral and indexed retirement plans are deferred compensation agreements that are typically designed so that the spread each year, if

any, between the tax-equivalent earnings on bank-owned life insurance

covering an individual employee and a hypothetical earnings calculation is

deferred and paid to the employee as a postretirement benefit. This spread

is commonly referred to as “excess earnings.” The hypothetical earnings

are computed based on a pre-defined variable index rate (e.g., cost of funds

or federal funds rate) times a notional amount. The agreement for this type

of plan typically requires the excess earnings that accrue before an employee’s retirement to be recorded in a separate liability account. Once the

employee retires, the balance in the liability account is generally paid to

the employee in equal annual installments over a set number of years (e.g.,

10 or 15 years). These payments are commonly referred to as the “primary

benefit” or “preretirement benefit.” The employee may also receive the

excess earnings that are earned after retirement. This benefit may continue

until his or her death and is commonly referred to as the “secondary

benefit” or “postretirement benefit.” The secondary benefit is paid annually, once the employee has retired, in addition to the primary benefit.

Glossary

FR Y-9C GL-23

Glossary September 2020
date is critical to the measurement of the liability estimate. Because ASC Subtopic 710-10 requires that the

present value of the expected benefit payments be

recorded by the full eligibility date, institutions also need

to consider changes in market interest rates to appropriately measure deferred compensation liabilities. Therefore, institutions should periodically review their estimates of the expected future benefits under deferred

compensation agreements and the discount rates used to

compute the present value of the expected benefit payments and revise the estimates and rates, when appropriate.

Deferred compensation agreements may include noncompete provisions or provisions requiring employees to

perform consulting services during postretirement years.

If the value of the noncompete provisions cannot be

reasonably and reliably estimated, no value should be

assigned to the noncompete provisions in recognizing the

deferred compensation liability. Institutions should allocate a portion of the future benefit payments to consulting

services to be performed in postretirement years only if

the consulting services are determined to be substantive.

Factors to consider in determining whether postretirement consulting services are substantive include, but are

not limited to, whether the services are required to be

performed, whether there is an economic benefit to the

institution, and whether the employee forfeits the benefits

under the agreement for failure to perform such services.

Deferred compensation liabilities should be reported on

the balance sheet in Schedule HC, item 20, ‘‘Other

liabilities,’’ and in Schedule HC-G, item 4, ‘‘Other’’

liabilities. The annual compensation expense (service

component and interest component) related to deferred

compensation agreements should be reported in the

income statement in Schedule HI, item 7(a), ‘‘Salaries

and employee benefits.’’

See also ‘‘Bank-owned life insurance.’’

Deferred Income Taxes: See ‘‘Income taxes.’’

Defined Benefit Postretirement Plans: The accounting

and reporting standards for defined benefit postretirement

plans, such as pension plans and health care plans, are set

forth in ASC Topic 715, Compensation-Retirement Benefits. ASC Topic 715 requires an institution that sponsors a

single-employer defined benefit postretirement plan to

recognize the funded status of each such plan on its

balance sheet. The funded status of a benefit plan is

measured as of the end of an institution’s fiscal year as

the difference between plan assets at fair value (with

limited exceptions) and the benefit obligation. An overfunded plan is recognized as an asset, which should be

reported in Schedule HC-F, item 6, “All other assets,”

while an underfunded plan is recognized as a liability,

which should be reported in Schedule HC-G, item 4,

“Other.”

A holding company should measure the net period

benefit cost of a defined benefit plan for a reporting

period in accordance with ASC Subtopic 715-30 for

pension plans, and ASC Subtopic 715-60 for other

postretirement benefit plans. This cost should be reported

in Schedule HI, item 7.a, “Salaries and employee benefits.” However, a holding company must recognize certain gains and losses and prior service costs or credits that

arise on a defined benefit plan during each reporting

period, net of tax, as a component of other comprehensive income (Schedule HI-A, item 12) and, hence, accumulated other comprehensive income (AOCI) (Schedule

HC, item 26.b). Postretirement plan amounts carried in

AOCI are adjusted as they are subsequently recognized in

earnings as components of a plan’s net periodic benefit

cost. For further information on accounting for defined

benefit postretirement plans, institutions should refer to

ASC Topic 715.

Impact on Regulatory Capital—A holding company that

has made the AOCI opt-out election in Schedule HC-R,

Part I, item 3.a, should reverse the effects on AOCI of

ASC Subtopic 715, for purposes of reporting and measuring the numerators and denominators for the leverage and

risk-based capital ratios. The intent of the reversal is to

neutralize for regulatory capital purposes the effects on

AOCI of the application of ASC Subtopic 715. The

instructions for Schedule HC-R, Part I, items 9(d) and 26,

and Schedule HC-R, Part II, item 8, provide guidance on

how to report adjustments to Tier 1 capital and riskweighted and total assets to reverse the effects of applying ASC Subtopic 715 for regulatory capital purposes.

Demand Deposits: See “Deposits.”

Depository Institutions: Depository institutions consist

of depository institutions in the U.S. and banks in foreign

countries.

Depository institutions in the U.S. consist of:

(1) U.S. branches and agencies of foreign banks;

(2) U.S.-domiciled head offices and branches of U.S.

banks, i.e.,

Glossary

GL-24 FR Y-9C

Glossary September 2020
(a) national banks,

(b) state-chartered commercial banks,

(c) trust companies that perform a commercial banking business,

(d) industrial banks,

(e) private or unincorporated banks,

(f) Edge and Agreement corporations, and

(g) International Banking Facilities of U.S. depository institutions; and

(3) U.S.-domiciled head offices and branches of other

depository institutions in the U.S., i.e.,

(a) mutual or stock savings banks,

(b) savings or building and loan associations,

(c) cooperative banks,

(d) credit unions,

(e) homestead associations, and

(f) International Banking Facilities (IBFs) of other

depository institutions in the U.S.; and

(g) other similar depository institutions in the U.S.

Banks in foreign countries consist of foreign branches of

foreign banks and foreign offices of U.S. banks.

See the Glossary entry for ‘‘Banks, U.S. and foreign,’’ for

a definition of foreign banks.

Deposits: The basic statutory and regulatory definitions

of ‘‘deposits’’ are contained in Section 3(1) of the Federal

Deposit Insurance Act and in the Federal Reserve Regulation D. The definitions in these two legal sources differ

in certain respects. Furthermore, for purposes of these

reports, the reporting standards for deposits specified in

these instructions do not strictly follow the precise legal

definitions in these two sources. In addition, deposits for

purposes of this report, include deposits of thrift institutions. The definitions of deposits to be reported in the

deposit items of the Consolidated Financial Statements

of Holding Companies are discussed below under the

following headings:

(I) FDI Act definition of deposits.

(II) Transaction–nontransaction deposit

distinction.

(III) Interest noninterest-bearing deposit

distinction.

(I) FDI Act definition of deposits:

(1) the unpaid balance of money or its equivalent received

or held by a bank in the usual course of business and

for which it has given or is obligated to give credit,

either conditionally or unconditionally, to a commercial, checking, savings, time, or thrift account, or

which is evidenced by its certificate of indebtedness,

or other similar name, or a check or draft drawn

against a deposit account and certified by the bank, or

a letter of credit or a traveler’s check on which the

bank is primarily liable: Provided that, without limiting the generality of the term ‘‘money or its equivalent,’’ any such account or instrument must be

regarded as evidencing the receipt of the equivalent

of money when credited or issued in exchange for

checks or drafts or for a promissory note upon which

the person obtaining any such credit or instrument is

primarily or secondarily liable, or for a charge against

a deposit account, or in settlement of checks, drafts,

or other instruments forwarded to such bank for

collection.

(2) trust funds as defined in this Act received or held by

such bank, whether held in the trust department or

held or deposited in any other department of such

bank.

(3) money received or held by a bank, or the credit given

for money or its equivalent received or held by a

bank, in the usual course of business for a special or

specific purpose, regardless of the legal relationship

thereby established, including without being limited

to, escrow funds, funds held as security for an

obligation due to the bank or others (including funds

held as dealers reserves) or for securities loaned by

the bank, funds deposited by a debtor to meet

maturing obligations, funds deposited as advance

payment on subscriptions to United States government securities, funds held for distribution or purchase of securities, funds held to meet its acceptances

or letters of credit, and withheld taxes: Provided that

there shall not be included funds which are received

by the bank for immediate application to the reduction of an indebtedness to the receiving bank, or

under condition that the receipt thereof immediately

reduces or extinguishes such an indebtedness.

Glossary

FR Y-9C GL-25

Glossary June 2015
(4) outstanding draft (including advice or authorization

to charge bank’s balance in another bank), cashier’s

check, money order, or other officer’s check issued in

the usual course of business for any purpose, including without being limited to those issued in payment

for services, dividends, or purchases, and

(5) such other obligations of a bank as the Board of

Directors of the Federal Deposit Insurance Corporation, after consultation with the Comptroller of the

Currency and the Board of Governors of the Federal

Reserve System, shall find and prescribe by regulation to be deposit liabilities by general usage.

(II) Transaction–nontransaction deposit distinction:

Deposits defined in Regulation D as transaction

accounts include demand deposits, NOW accounts,

telephone and preauthorized transfer accounts, and

savings deposits. However, for FR Y-9C report

purposes, savings deposits are classified as a type of

nontransaction account.

For institutions that have suspended the six transfer

limit on an account that meets the definition of a

savings deposit (as defined below in the Nontransaction accounts category), please refer to the “Treatment of Accounts where Reporting Institutions Have

Suspended Enforcement of the Six Transfer Limit per

Regulation D” section below for further details on

reporting savings deposits.

(1) Transaction accounts—For FR Y-9C purposes, with

the exceptions noted below, a “transaction account”

is a deposit or account from which the depositor or

account holder is permitted to make transfers or

withdrawals by negotiable or transferable instruments, payment orders of withdrawal, telephone

transfers, or other similar devices for the purpose of

making payments or transfers to third persons or

others or from which the depositor may make third

party payments at an automated teller machine

(ATM), a remote service unit (RSU), or another

electronic device, including by debit card.

Excluded from transaction accounts are savings

deposits (including money market deposit accounts—

MMDAs and other savings deposits) as defined

below in the nontransaction account category.

For FR Y-9C purposes, transaction accounts consist

of the following types of deposits: (a) demand deposits; (b) NOW accounts (including accounts previously designated as “Super NOWs”); (c) ATS

accounts; and (d) telephone and preauthorized transfer accounts, all as defined below. Interest that is paid

by the crediting of transaction accounts is also

included in transaction accounts.

(a) Demand deposits are deposits that are payable

immediately on demand, or have an original

maturity or required notice period of less than

seven days, or that represent funds for which the

depository institution does not reserve the right to

require at least seven days’ written notice of an

intended withdrawal. Demand deposits include

any matured time deposits without automatic

renewal provisions, unless the deposit agreement

provides for the funds to be transferred at maturity to another type of account. Effective July 21,

2011, demand deposits may be interest-bearing

or noninterest-bearing. Demand deposits do not

include: (i) money market deposit accounts

(MMDAs) or (ii) NOW accounts, as defined

below in this entry.

(b) NOW accounts are interest-bearing deposits (i) on

which the depository institution has reserved the

right to require at least seven days’ written notice

prior to withdrawal or transfer of any funds in the

account and (ii) that can be withdrawn or transferred to third parties by issuance of a negotiable

or transferable instrument.

NOW accounts, as authorized by federal law, are

limited to accounts held by:

(i) Individuals or sole proprietorships;

(ii) Organizations that are operated primarily for

religious, philanthropic, charitable, educational, or other similar purposes and that are

not operated for profit. These include organizations, partnerships, corporations, or associations that are not organized for profit and

are described in section 501(c)(3) through

(13) and (19) and section 528 of the Internal

Revenue Code, such as church organizations; professional associations; trade associations; labor unions; fraternities, sororities

and similar social organizations; and nonprofit recreational clubs; or

(iii) Governmental units including the federal

government; state governments; county and

Glossary

GL-26 FR Y-9C

Glossary March 2021
municipal governments and their political

subdivisions; the District of Columbia; the

Commonwealth of Puerto Rico, American

Samoa, Guam, and any territory or possession of the United States and their political

subdivisions.

Also included are the balances of all NOW

accounts of certain other nonprofit organizations that may not fall within the above

description but that had established NOW

accounts with the reporting institution prior

to September 1, 1981.

NOTE: There are no regulatory requirements

with respect to minimum balances to be maintained in a NOW account or to the amount of

interest that may be paid on a NOW account.

(c) ATS accounts are deposits or accounts of individuals on which the depository institution has

reserved the right to require at least seven days’

written notice prior to withdrawal or transfer of

any funds in the account and from which, pursuant to written agreement arranged in advance

between the reporting institution and the depositor, withdrawals may be made automatically

through payment to the depository institution

itself or through transfer of credit to a demand

deposit or other account in order to cover checks

or drafts drawn upon the institution or to maintain a specified balance in, or to make periodic

transfers to, such other accounts.

(d) Telephone or preauthorized transfer accounts

consist of deposits or accounts (1) in which the

entire beneficial interest is held by a party eligible to hold a NOW account, and (2) on which

the reporting institution has reserved the right to

require at least seven days’ written notice prior to

withdrawal or transfer of any funds in the account.

A “preauthorized transfer” includes any

arrangement by the reporting institution to pay

a third party from the account of a depositor

(1) upon written or oral instruction (including an

order received through an automated clearing

house (ACH), or (2) at a predetermined time or

on a fixed schedule.

Telephone and preauthorized transfer accounts

also include (1) the balances of deposits or

accounts that otherwise meet the definition of

savings deposits (other than MMDAs) or time

deposits, but from which payments may be made

to third parties by means of a debit card, an

automated teller machine, remote service unit or

other electronic device, regardless of the number

of payments made; and (2) deposits or accounts

maintained in connection with an arrangement

that permits the depositor to obtain credit directly

or indirectly through the drawing of a negotiable

or nonnegotiable check, draft, order or instruction or other similar device (including telephone

or electronic order or instruction) on the issuing

institution that can be used for purposes of

making payments or transfers to third persons

or others, or to another deposit account of the

depositor.

(2) Nontransaction accounts—All deposits that are not

transaction accounts (as defined above) are non transaction accounts. Nontransaction accounts include:

(a) savings deposits (including MMDAs and other

savings deposits) and (b) time deposits (time certificates of deposit and time deposits, open account).

Regulation D no longer distinguishes between money

market deposit accounts (MMDAs) and other savings

deposits. However, these two types of accounts are

defined as follows for purposes of these reports.

NOTE: Regulation D classifies savings deposits as a

type of transaction account. However, for FR Y-9C

report purposes, savings deposits are classified as a

type of nontransaction account.

(a) Savings deposits are deposits that are not payable

on a specified date or after a specified period of

time from the date of deposit, but for which the

reporting institution expressly reserves the right

to require at least seven days’ written notice

before an intended withdrawal.

Further, savings deposit accounts have no minimum balance required by regulation, no regulatory limitation on the amount of interest that may

be paid, and no minimum maturity required

(although depository institutions must reserve the

right to require at least seven days’ written notice

prior to withdrawal as stipulated above for a

savings deposit).

Glossary

FR Y-9C GL-27

Glossary March 2021
Any depository institution may place restrictions

and requirements on savings deposits in addition

to those stipulated above for each respective

account and in Federal Reserve Regulation D.

Treatment of Accounts where Reporting Institution Have Suspended Enforcement of the Six

Transfer Limit per Regulation D

Where the reporting institution has suspended the

enforcement of the six transfer limit rule on an

account that meets the definition of a savings

deposit, the reporting institution is required to

report such deposits as a savings account or a

transaction account based on an assessment of

the characteristics of the account as indicated

below:

1) If the reporting institution does not retain the

reservation of right to require at least seven

days’ written notice before an intended withdrawal, report the account as a demand deposit

(and as a “transaction account”).

2) If the reporting institution does retain the

reservation of right to require at least seven

days’ written notice before an intended withdrawal, report the account as either a NOW7

account (and as a “transaction account”) or as

a savings deposit (and as a nontransaction

account).

Regulation D no longer distinguishes between

money market deposit accounts (MMDAs) and

other savings deposits. However, these two types

of accounts are defined as follows for purposes of

these reports, which call for separate data on

each.

(1) Money market deposit accounts (MMDAs)

are deposits or accounts that meet the above

definition of a savings deposit and that permit unlimited transfers to be made by check,

draft, debit card or similar order made by the

depositor and payable to third parties.

(2) Other savings deposits are deposits or

accounts that meet the above definition of a

savings deposit but that permit no transfers

by check, draft, debit card, or similar order

made by the depositor and payable to third

parties. Other savings deposits are commonly

known as passbook savings or statement

savings accounts.

Examples illustrating distinctions between

MMDAs and other savings deposits for purposes

of these reports are provided at the end of this

Glossary entry.

(b) Time deposits are payable on a specified date not

less than seven days after the date of deposit or

payable at the expiration of a specified time not

less than seven days after the date of deposit, or

payable only upon written notice that is actually

required to be given by the depositor not less than

seven days prior to withdrawal. Also, the depositor does not have a right, and is not permitted, to

make withdrawals from time deposits within six

days after the date of deposit unless the deposit is

subject to an early withdrawal penalty of at least

seven days’ simple interest on amounts withdrawn

within the first six days after deposit.8 A time

deposit from which partial early withdrawals are

permitted must impose additional early withdrawal penalties of at least seven days’ simple

interest on amounts withdrawn within six days

after each partial withdrawal. If such additional

early withdrawal penalties are not imposed, the

account ceases to be a time deposit. The account

may become a savings deposit if it meets the

requirements for a savings deposit; other wise it

becomes a demand deposit.

NOTE: The above prescribed penalties are the

minimum required by Federal Reserve Regulation D. Institutions may choose to require penalties for early withdrawal in excess of the

regulatory minimums.

Time deposits take two forms:

(i) Time certificates of deposit (including rollover certificates of deposit) are deposits

evidenced by a negotiable or nonnegotiable instrument, or a deposit in book

7. The option to report as a NOW account (and a transaction account) is

only applicable to holding companies that offer NOW accounts. Holding

companies that do not offer NOW accounts should continue to report such

deposits as a savings deposit (and as a nontransaction account).

8. Accounts existing on March 31, 1986, may satisfy the early withdrawal penalties specified by Federal Reserve Regulation D by meeting the

Depository Institutions Deregulation Committee’s early withdrawal penalties in existence on March 31, 1986.

Glossary

GL-28 FR Y-9C

Glossary March 2021
entry form evidenced by a receipt or similar acknowledgement issued by the bank,

that provides, on its face, that the amount

of such deposit is payable to the bearer, to

any specified person, or to the order of a

specified person as follows:

(a) on a certain date not less than seven

days after the date of deposit,

(b) at the expiration of a specified period

not less than seven days after the date

of the deposit, or

(c) upon written notice to the bank which

is to be given not less than seven days

before the date of withdrawal.

(ii) Time deposits, open account are deposits

(other than time certificates of deposit) for

which there is in force a written contract

with the depositor that neither the whole

nor any part of such deposit may be withdrawn prior to:

(a) the date of maturity which shall be not

less than seven days after the date of

the deposit, or

(b) the expiration of a specified period of

written notice of not less than seven

days. These deposits include ‘‘club

accounts.’’ For purposes of the Consolidated Financial Statements of

Holding Companies, ‘‘club accounts’’

consist of accounts, such as Christmas

club and vacation club accounts, made

under written contracts that provide

that no withdrawal shall be made until

a certain number of periodic deposits

have been made during a period of not

less than three months, even though

some of the deposits are made within

six days of the end of such period.

Time deposits do not include the following

categories of liabilities even if they have an

original maturity of seven days or more:

(1) Any deposit or account that otherwise

meets the definition of a time deposit but

that allows withdrawals within the first

six days after deposit and that does not

require an early withdrawal penalty of at

least seven days’ simple interest on

amounts withdrawn within those first six

days. Such deposits or accounts that meet

the definition of a savings deposit shall

be reported as savings deposits; otherwise they shall be reported as demand

deposits.

(2) The remaining balance of a time deposit

if a partial early withdrawal is made and

the remaining balance is not subject to

additional early withdrawal penalties of

at least seven days’ simple interest on

amounts withdrawn within six days after

each partial withdrawal. Such time deposits that meet the definition of a savings

deposit shall be reported as savings

deposits; otherwise they shall be reported

as demand deposits.

Reporting of Retail Sweep Arrangements—When a

depository institution establishes a retail sweep program,

the depository institution must ensure that its customer

account agreements provide for the existence of two

distinct accounts rather than a single account and the

funds are actually transferred between these two accounts

as described in the customer contract.

There are two key criteria for retail sweep programs:

(1) A depository institution must establish by agreement with its customer two legally separate accounts;

(2) The swept funds must actually be moved between the

customer’s two accounts on the official books and

records of the depository institution as of the close of

the business on the day(s) on which the depository

institution intends to report the funds.

A retail sweep program may not exist solely in records or

on systems that do not constitute official books and

records of the depository institution and that are not used

for any purpose other than generating its Report of

Transaction Accounts, Other Deposits and Vault Cash

(FR 2900) for submission to the Federal Reserve.

Further, for purposes of the FR Y-9C report, if all of the

criteria above are met, a holding company must determine the appropriate reporting of the accounts that are

components of a retail sweep program separately when it

reports its quarter-end deposit information in Schedules HC, HC-E, its quarterly averages in Schedule HC-K,

Glossary

FR Y-9C GL-29

Glossary March 2021
and its interest expense (if any) in Schedule HI. Thus,

when reporting quarterly averages in Schedule HC-K, a

holding company should include the accounts (excluding

noninterest-bearing demand deposits) involved in the

retail sweep arrangements each day or each week in the

appropriate separate items for average deposits. In addition, if the bank subsidiary pays interest on accounts

involved in retail sweep arrangements, the interest expense

reported in Schedule HI should be allocated between

both accounts based on the balances in these accounts

during the reporting period.

Interest noninterest-bearing deposit distinction:

(1) Interest-bearing deposit accounts consist of deposit

accounts on which the issuing depository institution

makes any payment to or for the account of any

depositor as compensation for the use of funds

constituting a deposit. Such compensation may be in

the form of cash, merchandise, or property or as a

credit to an account. An institution’s absorption of

expenses incident to providing a normal banking

function or its forbearance from charging a fee in

connection with such a service is not considered a

payment of interest.

Deposits with a zero percent interest rate that are

issued on a discount basis are to be treated as

interest-bearing. Deposit accounts on which the interest rate is periodically adjusted in response to changes

in market interest rates and other factors should be

reported as interest-bearing even if the rate has been

reduced zero, provided the interest rate on these

accounts can be increased as market conditions

change.

(2) Noninterest-bearing deposit accounts consist of

deposit accounts on which the issuing depository

institution makes no payment to or for the account of

any depositor as compensation for the use of funds

constituting a deposit. An institution’s absorption of

expenses incident to providing a normal banking

function or its forbearance from charging a fee in

connection with such a service is not considered a

payment of interest.

Noninterest-bearing deposit accounts include (i)

matured time deposits that are not automatically

renewable (unless the deposit agreement provides for

the funds to be transferred at maturity to another type

of account) and (ii) deposits with a zero percent

stated interest rate that are issued at face value.

See also “Brokered deposits” and “Hypothecated deposits.”

Derivative Contracts: Holding companies commonly

use derivative instruments for managing (positioning or

hedging) their exposure to market risk (including interest

rate risk and foreign exchange risk), cash flow risk, and

other risks in their operations and for trading. The

accounting and reporting standards for derivative instruments, including certain derivative instruments embedded in other contracts, and for hedging activities are set

forth in ASC Topic 815, Derivatives and Hedging, which

holding companies must follow for purposes of these

reports. ASC Topic 815 requires all derivatives to be

recognized on the balance sheet as either assets or

liabilities at their fair value. A summary of the principal

provisions of ASC Topic 815 follows. For further information, see ASC Topic 815 which includes the implementation guidance issued by the FASB’s Derivatives

Implementation Group.

Definition of Derivative

ASC Topic 815 defines a “derivative instrument” as a

financial instrument or other contract with all three of the

following characteristics:

(1) It has one or more underlyings (i.e., specified interest

rate, security price, commodity price, foreign

exchange rate, index of prices or rates, or other

variable) and one or more notional amounts (i.e.,

number of currency units, shares, bushels, pounds, or

other units specified in the contract) or payment

provisions or both. These terms determine the amount

of the settlement or settlements, and in some cases,

whether or not a settlement is required.

(2) It requires no initial net investment or an initial net

investment that is smaller than would be required for

other types of contracts that would be expected to

have similar response to changes in market factors.

(3) Its terms require or permit net settlement, it can be

readily settled net by a means outside the contract, or

it provides for delivery of an asset that puts the

recipient in a position not substantially different from

net settlement.

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Glossary March 2021
Certain contracts that may meet the definition of a

derivative are specifically excluded from the scope of

ASC Topic 815, including:

• “regular-way” securities trades, which are trades that

are completed within the time period generally established by regulations and conventions in the marketplace or by the exchange on which the trade is

executed;

• normal purchases and sales of an item other than a

financial instrument or derivative instrument (e.g., a

commodity) that will be delivered in quantities expected

to be used or sold by the reporting entity over a

reasonable period in the normal course of business;

• traditional life insurance and property and casualty

contracts; and

• certain financial guarantee contracts.

ASC Topic 815 has special criteria for determining

whether commitments to originate loans meet the definition of a derivative. Commitments to originate mortgage

loans that will be held for sale are accounted for as

derivatives. Commitments to originate mortgage loans

that will be held for investment are not accounted for as

derivatives. Also, all commitments to originate loans

other than mortgage loans are not accounted for as

derivatives. Commitments to purchase loans must be

evaluated to determine whether the commitment meets

the definition of a derivative under ASC Topic 815.

Types of Derivatives

The most common types of freestanding derivatives are

forwards, futures, swaps, options, caps, floors, and collars.

Forward contracts are agreements that obligate two

parties to purchase (long) and sell (short) a specific

financial instrument, foreign currency, or commodity at a

specified price with delivery and settlement at a specified

future date.

Futures contracts are standardized forward contracts that

are traded on organized exchanges. Exchanges in the U.S.

are registered with and regulated by the Commodity

Futures Trading Commission. The deliverable financial

instruments underlying interest-rate future contracts are

specified investment-grade financial instruments, such as

U.S. Treasury securities or mortgage-backed securities.

Foreign currency futures contracts involve specified

deliverable amounts of a particular foreign currency. The

deliverable products under commodity futures contracts

are specified amounts and grades of commodities such as

gold bullion. Equity futures contracts are derivatives that

have a portion of their return linked to the price of a

particular equity or to an index of equity prices, such as

the Standard and Poor’s 500.

Other forward contracts are traded over the counter and

their terms are not standardized. Such contracts can only

be terminated, other than by receipt of the underlying

asset, by agreement of both buyer and seller. A forward

rate agreement is a forward contract that specifies a

reference interest rate and an agreed on interest rate (one

to be paid and one to be received), an assumed principal

amount (the notional amount), and a specific maturity

and settlement date.

Swap contracts are forward-based contracts in which two

parties agree to swap streams of payments over a specified period. The payments are based on an agreed upon

notional principal amount. An interest rate swap generally involves no exchange of principal at inception or

maturity. Rather, the notional amount is used to calculate

the payment streams to be exchanged. However, foreign

exchange swaps often involve the exchange of principal.

Option contracts (standby contracts) are traded on

exchanges and over the counter. Option contracts grant

the right, but do not obligate, the purchaser (holder) to

buy (call) or sell (put) a specific or standard commodity,

financial, or equity instrument at a specified price during

a specified period or at a specified date. A purchased

option is a contract in which the buyer has paid compensation (such as a fee or premium) to acquire the right to

sell or purchase an instrument at a stated price on a

specified future date. A written option obligates the

option seller to purchase or sell the instrument at the

option of the buyer of the contract. Option contracts may

relate to purchases or sales of securities, money market

instruments, futures contracts, other financial instruments, or commodities.

Interest rate caps are option contracts in which the cap

seller, in return for a premium, agrees to limit the cap

holder’s risk associated with an increase in interest rates.

If rates go above a specified interest-rate level (the strike

price or cap rate), the cap holder is entitled to receive cash

payments equal to the excess of the market rate over the

strike price multiplied by the notional principal amount.

For example, an issuer of floating-rate debt may purchase

Glossary

FR Y-9C GL-31

Glossary June 2015
a cap to protect against rising interest rates, while retaining

the ability to benefit from a decline in rates.

Interest rate floors are option contracts in which the floor

seller, in return for a premium, agrees to limit the risk

associated with a decline in interest rates based on a

notional amount. If rates fall below an agreed rate, the

floor holder will receive cash payments from the floor

writer equal to the difference between the market rate and

an agreed rate, multiplied by the notional principal amount.

Interest rate collars are option contracts that combine a

cap and a floor (one held and one written). Interest rate

collars enable a user with a floating rate contract to lock

into a predetermined interest-rate range often at a lower

cost than a cap or a floor.

Embedded Derivatives

Contracts that do not in their entirety meet the definition

of a derivative instrument, such as bonds, insurance

policies, and leases, may contain ‘‘embedded’’ derivative

instruments. Embedded derivatives are implicit or explicit

terms within a contract that affect some or all of the cash

flows or the value of other exchanges required by the

contract in a manner similar to a derivative instrument.

The effect of embedding a derivative instrument in

another type of contract (‘‘the host contract’’) is that

some or all of the cash flows or other exchanges that

otherwise would be required by the host contract, whether

unconditional or contingent upon the occurrence of a

specified event, will be modified based on one or more of

the underlyings.

An embedded derivative instrument shall be separated

from the host contract and accounted for as a derivative

instrument, i.e., bifurcated, if and only if all three of the

following conditions are met:

(1) The economic characteristics and risks of the embedded derivative instrument are not clearly and closely

related to the economic characteristics and risks of

the host contract,

(2) The contract (‘‘the hybrid instrument’’) that embodies the embedded derivative and the host contract is

not remeasured at fair value under otherwise applicable generally accepted accounting principles with

changes in fair value reported in earnings as they

occur, and

(3) A separate instrument with the same terms as the

embedded derivative instrument would be a considered a derivative.

An embedded derivative instrument in which the underlying is an interest rate or interest rate index that alters

net interest payments that otherwise would be paid or

received on an interest-bearing host contract is considered to be clearly and closely related to the host contract

unless either of the following conditions exist:

(1) The hybrid instrument can contractually be settled in

such a way that the investor (holder) would not

recover substantially all of its initial recorded investment, or

(2) The embedded derivative could at least double the

investor’s initial rate of return on the host contract

and could also result in a rate of return that is at least

twice what otherwise would be the market return for

a contract that has the same terms as the host contract

and that involves a debtor with a similar credit

quality.

Examples of hybrid instruments (not held for trading

purposes) with embedded derivatives which meet the

three conditions listed above and must be accounted for

separately include debt instruments (including deposit

liabilities) whose return or yield is indexed to: changes in

an equity securities index (e.g., the Standard & Poor’s

500); changes in the price of a specific equity security; or

changes in the price of gold, crude oil, or some other

commodity. For purposes of these reports, when an

embedded derivative must be accounted for separately

from the host contract under ASC Topic 815, the carrying

value of the host contract and the fair value of the

embedded derivative may be combined and presented

together on the balance sheet in the asset or liability

category appropriate to the host contract.

Under ASC Subtopic 815-15, Derivatives and Hedging –

Embedded Derivatives, a holding company with a hybrid

instrument for which bifurcation would otherwise be

required is permitted to irrevocably elect to initially and

subsequently measure the hybrid instrument in its entirety

at fair value with changes in fair value recognized in

earnings. In addition, ASC Subtopic 815-15 subjects all

but the simplest forms of interest-only and principal-only

strips and all forms of beneficial interests in securitized

financial assets to the requirements of ASC Topic 815.

Thus, a holding company must evaluate such instruments

to identify those that are freestanding derivatives or that

are hybrid financial instruments that contain an embedded derivative requiring bifurcation. However, a beneficial interest that contains a concentration of credit risk in

Glossary

GL-32 FR Y-9C

Glossary September 2020
the form of subordination to another financial instrument

and certain securitized interests in prepayable financial

assets are not considered to contain embedded derivatives that must be accounted for separately from the host

contract. For further information, see ASC

Subtopic 815-15, Derivatives and Hedging – Embedded

Derivatives.

Except in limited circumstances, interest-only and

principal-only strips and beneficial interests in securitized assets that were recognized prior to the effective

date (or early adoption date) of ASC Subtopic 815-15 are

not subject to evaluation for embedded derivatives under

ASC Topic 815.

Recognition of Derivatives and Measurement of Derivatives and Hedged Items

A holding company should recognize all of its derivative

instruments on its balance sheet as either assets or

liabilities at fair value. As defined in ASC Topic 820, Fair

Value Measurements and Disclosures, fair value is the

price that would be received to sell an asset or paid to

transfer a liability in an orderly transaction between

market participants at the measurement date. For further

information, see the Glossary entry for “fair value.”

The accounting for changes in the fair value (that is,

gains and losses) of a derivative depends on whether it

has been designated and qualifies as part of a hedging

relationship and, if so, on the reason for holding it. Either

all or a proportion of a derivative may be designated as a

hedging instrument. The proportion must be expressed as

a percentage of the entire derivative. Gains and losses on

derivative instruments are accounted for as follows:

(1) No hedging designation—The gain or loss on a

derivative instrument not designated as a hedging

instrument, including all derivatives held for trading

purposes, is recognized currently in earnings.

(2) Fair value hedge—For a derivative designated as

hedging the exposure to changes in the fair value of a

recognized asset or liability or a firm commitment,

which is referred to as a fair value hedge, the gain or

loss on the derivative as well as the offsetting loss or

gain on the hedged item attributable to the risk being

hedged should be recognized currently in earnings.

(3) Cash flow hedge—For a derivative designated as

hedging the exposure to variable cash flows of an

existing recognized asset or liability or a forecasted

transaction, which is referred to as a cash flow hedge,

the effective portion of the gain or loss on the

derivative should initially be reported outside of

earnings as a component of other comprehensive

income and subsequently reclassified into earnings in

the same period or periods during which the hedged

transaction affects earnings. The remaining gain or

loss on the derivative instrument, if any, (i.e., the

ineffective portion of the gain or loss and any component of the gain or loss excluded from the assessment of hedge effectiveness) should be recognized

currently in earnings.

(4) Foreign currency hedge—For a derivative designated as hedging the foreign currency exposure of a

net investment in a foreign operation, the gain or loss

is reported outside of earnings in other comprehensive income as part of the cumulative translation

adjustment. For a derivative designated as a hedge of

the foreign currency exposure of an unrecognized

firm commitment or an available-for-sale security,

the accounting for a fair value hedge should be

applied. Similarly, for a derivative designated as a

hedge of the foreign currency exposure of a foreigncurrency denominated forecasted transaction, the

accounting for a cash flow hedge should be applied.

To qualify for hedge accounting, the risk being hedged

must represent an exposure to an institution’s earnings.

In general, if the hedged item is a financial asset or

liability, the designated risk being hedged can be (1) all

risks, i.e., the risk of changes in the overall fair value of

the hedged item or the risk of overall changes in the

hedged cash flows; (2) the risk of changes in the fair

value or cash flows of the hedged item attributable to

changes in the benchmark interest rate;9

(3) the risk of

changes in the fair value or cash flows of the hedged item

attributable to changes in foreign exchange rates; or (4)

the risk of changes in the fair value or cash flows of the

hedged item attributable to changes in the obligor’s

creditworthiness. For held-to-maturity securities, only

credit risk, foreign exchange risk, or both may be hedged.

Designated hedging instruments and hedged items qualify

for fair value or cash flow hedge accounting if all of the

9. The benchmark interest rate is a widely recognized and quoted rate in

an active financial market that is broadly indicative of the overall level of

interest rates attributable to high-credit-quality obligors in that market. In

theory, this should be a risk-free rate. In the U.S., interest rates on U.S.

Treasury securities and the LIBOR swap rate are considered benchmark

interest rates.

Glossary

FR Y-9C GL-33

Glossary September 2020
criteria specified in ASC Topic 815 are met. These

criteria include:

(1) At inception of the hedge, there is formal documentation of the hedging relationship and the institution’s

risk management objective and strategy for undertaking the hedge, including identification of the hedging

instrument, the hedged item or transaction, the nature

of the risk being hedged, and how the hedging

instrument’s effectiveness will be assessed. There

must be a reasonable basis for how the institution

plans to assess the hedging instrument’s effectiveness.

(2) Both at inception of the hedge and on an ongoing

basis, the hedging relationship is expected to be

highly effective in achieving offsetting changes in

fair value or offsetting cash flows attributable to the

hedged risk during the period that the hedge is

designated or the term of the hedge. An assessment

of effectiveness is required whenever financial statements or earnings are reported, and at least every

three months. All assessments of effectiveness shall

be consistent with the risk management strategy

documented for that particular hedging relationship.

In a fair value hedge, an asset or a liability is eligible for

designation as a hedged item if the hedged item is

specifically identified as either all or a specific portion of

a recognized asset or liability or of an unrecognized firm

commitment, the hedged item is a single asset or liability

(or a specific portion thereof) or is a portfolio of similar

assets or a portfolio of similar liabilities (or a specific

portion thereof), and certain other criteria specified in

ASC Topic 815 are met. If similar assets or similar

liabilities are aggregated and hedged as a portfolio, the

individual assets or individual liabilities must share the

risk exposure for which they are designated as being

hedged. The change in fair value attributable to the

hedged risk for each individual item in a hedged portfolio

must be expected to respond in a generally proportionate

manner to the overall change in fair value of the aggregate portfolio attributable to the hedged risk.

In a cash flow hedge, the individual cash flows related to

a recognized asset or liability and the cash flows related

to a forecasted transaction are both referred to as a

forecasted transaction. Thus, a forecasted transaction is

eligible for designation as a hedged transaction if the

forecasted transaction is specifically identified as a single

transaction or a group of individual transactions, the

occurrence of the forecasted transaction is probable, and

certain other criteria specified in ASC Topic 815 are met.

If the hedged transaction is a group of individual transactions, those individual transactions must share the same

risk exposure for which they are designated as being

hedged.

An institution should discontinue prospectively its use of

fair value or cash flow hedge accounting for an existing

hedge if any of the qualifying criteria for hedge accounting is no longer met; the derivative expires or is sold,

terminated, or exercised; or the institution removes the

designation of the hedge. When this occurs for a cash

flow hedge, the net gain or loss on the derivative should

remain in ‘‘Accumulated other comprehensive income’’

and be reclassified into earnings in the periods during

which the hedged forecasted transaction affects earnings.

However, if it is probable that the forecasted transaction

will not occur by the end of the originally specified time

period (as documented at the inception of the hedging

relationship) or within an additional two-month period of

time thereafter (except as noted in ASC Topic 815), the

derivative gain or loss reported in ‘‘Accumulated other

comprehensive income’’ should be reclassified into earnings immediately.

For a fair value hedge, in general, if a periodic assessment

of hedge effectiveness indicates noncompliance with the

highly effective criterion that must be met in order to

qualify for hedge accounting, an institution should not

recognize adjustment of the carrying amount of the hedged

item for the change in the item’s fair value attributable to

the hedged risk after the last date on which compliance

with the effectiveness criterion was established.

With certain limited exceptions, a nonderivative instrument, such as a U.S. Treasury security, may not be

designated as a hedging instrument.

Reporting Derivative Contracts in the FR Y-9C

When a holding company enters into a derivative contract, it should classify the derivative as either held for

trading or held for purposes other than trading (end-user

derivatives) based on the reasons for entering into the

contract. All derivatives must be reported at fair value on

the balance sheet (Schedule HC).

Trading derivatives with positive fair values should be

reported as trading assets in Schedule HC, item 5. Trading

derivatives with negative fair values should be reported as

trading liabilities in Schedule HC, item 15. Changes in the

Glossary

GL-34 FR Y-9C

Glossary December 2020
fair value (that is, gains and losses) of trading derivatives

should be recognized currently in earnings and included in

Schedule HI, item 5(c), “Trading revenue.”

Freestanding derivatives held for purposes other than

trading (and embedded derivatives that are accounted for

separately under ASC Topic 815, which the holding

company has chosen to present separately from the host

contract on the balance sheet) that have positive fair

values should be included in Schedule HC-F, item 6,

‘‘Other’’ assets. Freestanding derivatives held for purposes other than trading (and embedded derivatives that

are accounted for separately under ASC Topic 815,

which the holding company has chosen to present separately from the host contract on the balance sheet) that

have negative fair values should be included in Schedule

HC-G, item 4, ‘‘Other’’ liabilities. Net gains (losses) on

derivatives held for purposes other than trading that are

not designated as hedging instruments should be recognized currently in earnings and reported consistently as

either ‘‘Other noninterest income’’ or ‘‘Other noninterest

expense’’ in Schedule HI, item 5(l) or item 7(d), respectively.

Netting of derivative assets and liabilities is prohibited on

the balance sheet except as permitted under ASC Subtopic 210-20, Balance Sheet – Offsetting, See the Glossary entry for “offsetting.”

Holding companies must report the notional amounts of

their derivative contracts (both freestanding derivatives

and embedded derivatives that are accounted for separately from their host contract under ASC Topic 815) by

risk exposure in Schedule HC-L, first by type of contract

in Schedule HC-L, item 11, and then by purpose of

contract (i.e., trading, other than trading) in Schedule

HC-L, items 12 and 13. Holding companies must then

report the gross fair values of their derivatives, both

positive and negative, by risk exposure and purpose of

contract in Schedule HC-L, item 14. However, these

items exclude credit derivatives, the notional amounts

and gross fair values of which must be reported in

Schedule HC-L, item 7.

Discounts: See ‘‘Premiums and discounts.’’

Dividends: Cash dividends are payments of cash to

stockholders in proportion to the number of shares they

own. Cash dividends on preferred and common stock

are to be reported on the date they are declared by the

holding company’s board of directors (the declaration

date) by debiting ‘‘retained earnings’’ and crediting

‘‘dividends declared not yet payable,’’ which is to be

reported in other liabilities. Upon payment of the dividend, ‘‘dividends declared not yet payable’’ is debited for

the amount of the cash dividend with an offsetting credit,

normally in an equal amount, to ‘‘dividend checks outstanding’’ which is reportable in the ‘‘official checks’’

category of the consolidated holding company’s deposit

liabilities.

A liability for dividends payable may not be accrued in

advance of the formal declaration of a dividend by the

board of directors. However, the holding company may

segregate a portion of retained earnings in the form of a

capital reserve in anticipation of the declaration of a

dividend.

Stock dividends are distributions of additional shares to

stockholders in proportion to the number of shares they

own. Stock dividends are to be reported by transferring

an amount equal to the fair value of the additional shares

issued from retained earnings to a category of permanent

capitalization (common stock and surplus). However, the

amount of any mandatory and discretionary transfers

must be reduced by the amount of any mandatory and

discretionary transfers previously made (such as those

from retained earnings to surplus for increasing the

holding company’s legal lending limit) provided such

transfers have not already been used to record a stock

dividend. In any event, the amount transferred from

retained earnings may not be less than the par or stated

value of the additional shares being issued.

Property dividends, also known as dividends in kind, are

distributions to stockholders of assets other than cash.

The transfer of securities of other companies, real property, or any other asset owned by the reporting holding

company to a stockholder or related party is to be

recorded at the fair value of the asset on the declaration

date of the dividend. A gain or loss on the transferred

asset must be recognized in the same manner as if the

property had been disposed of in an outright sale at or

near the declaration date.

Domestic Office: For purposes of these reports, a domestic office of the reporting holding company is a branch or

consolidated subsidiary (other than an Edge or Agreement subsidiary) located in the 50 states of the United

States or the District of Columbia or a branch on a U.S.

military facility wherever located. However, if the reporting holding company is chartered and headquartered in

Glossary

FR Y-9C GL-35

Glossary September 2020
Puerto Rico or a U.S. territory or possession, a branch or

consolidated subsidiary located in the 50 states of the

United States, the District of Columbia, Puerto Rico, or a

U.S. territory or possession is a domestic office. The

domestic offices of the reporting holding company exclude

all International Banking Facilities (IBFs); all offices of

Edge and Agreement subsidiaries, including their U.S.

offices; and all branches and other consolidated subsidiaries of the holding company located in foreign countries.

Domicile: Domicile is used to determine the foreign

(non-U.S. addressee) or domestic (U.S. addressee) location of a customer of the reporting holding company for

the purposes of these reports. Domicile is determined by

the principal residence address of an individual or the

principal business address of a corporation, partnership,

or sole proprietorship. If other addresses are used for

correspondence or other purposes, only the principal

address, insofar as it is known to the reporting holding

company, should be used in determining whether a

customer should be regarded as a U.S. or non-U.S.

addressee.

For purposes of defining customers of the reporting holding company, U.S. addressees include residents of the 50

states of the United States, the District of Columbia,

Puerto Rico, and U.S. territories and possessions. The term

U.S. addressee generally includes U.S.-based subsidiaries

of foreign banks and U.S. branches and agencies of foreign

banks. Non-U.S. addressees include residents of any foreign country. The term non-U.S. addressee generally

includes foreign-based subsidiaries of other U.S. banks

and holding companies.

For customer identification purposes, the IBFs of other

U.S. depository institutions are U.S. addressees. (This is

in contrast to the treatment of the IBFs of a subsidiary

bank which are treated as foreign offices of the bank.)

Due Bills: A due bill is an obligation that results when a

holding company or its subsidiaries sell an asset and

receives payment, but does not deliver the security or

other asset. A due bill can also result from a promise to

deliver an asset in exchange for value received. In both

cases, the receipt of the payment creates an obligation

regardless of whether the due bill is issued in written

form. Outstanding due bill obligations shall be reported

as borrowings in Schedule HC, item 16, ‘‘Other borrowed money,’’ by the issuing holding company. Conversely, when the reporting holding company or its

consolidated subsidiaries are the holders of a due bill, the

outstanding due bill obligation of the seller shall be

reported as a loan to that party.

Edge and Agreement Corporation: An Edge corporation is a federally-chartered corporation organized under

Section 25(a) of the Federal Reserve Act and subject

to Federal Reserve Regulation K. Edge corporations are

allowed to engage only in international banking or other

financial transactions related to international business.

An Agreement corporation is a state-chartered corporation that has agreed to operate as if it were organized

under Section 25 of the Federal Reserve Act and has

agreed to be subject to Federal Reserve Regulation K.

Agreement corporations are restricted, in general, to

international banking operations. Banks must apply to

the Federal Reserve for permission to acquire stock in an

Agreement corporation.

An Edge or Agreement subsidiary of the consolidated

holding company, i.e., the majority-owned Edge or

Agreement corporation of the consolidated holding company, is treated for purposes of these reports as a

“foreign” office of the reporting holding company.

Equity-Indexed Certificates of Deposit: Under ASC

Topic 815, Derivatives and Hedging, a certificate of

deposit that pays “interest” based on changes in an equity

securities index is a hybrid instrument with an embedded

derivative that must be accounted for separately from the

host contract, i.e., the certificate of deposit. For further

information, see the Glossary entry for “Derivative Contracts.” Examples of equity-indexed certificates of deposit

include the “Index Powered CD” and the “Dow Jones

Industrials Indexed Certificate of Deposit.”

At the maturity date of a typical equity-indexed certificate of deposit, the holder of the certificate of deposit

receives the original amount invested in the deposit plus

some or all of the appreciation, if any, in an index of

stock prices over the term of the certificate of deposit.

Thus, the equity-indexed certificate of deposit contains

an embedded equity call option. To manage the market

risk of its equity indexed certificates of deposit, an

institution that issues these deposits normally enters into

one or more separate freestanding equity derivative contracts with an overall term that matches the term of the

certificates of deposit. At maturity, these separate derivatives are expected to provide the institution with a cash

payment in an amount equal to the amount of appreciation, if any, in the same stock price index that is

Glossary

GL-36 FR Y-9C

Glossary September 2020
embedded in the certificates of deposit, thereby providing

the institution with the funds to pay the ‘‘interest’’ on the

equity-indexed certificates of deposit. During the term of

the separate freestanding equity derivative contracts, the

institution will periodically make either fixed or variable

payments to the counterparty on these contracts.

When an institution issues an equity-indexed certificate

of deposit, it must either account for the written equity

call option embedded in the deposit separately from the

certificate of deposit host contract or irrevocably elect to

account for the hybrid instrument (the equity-indexed

certificate of deposit) in its entirety at fair value.

• If the institution accounts for the written equity call

option separately from the certificate of deposit, the

fair value of this embedded derivative on the date the

certificate of deposit is issued must be deducted from

the amount the purchaser invested in the deposit,

creating a discount on the certificate of deposit that

must be amortized to interest expense over the term of

the deposit using the effective interest method. This

interest expense should be reported in the income

statement in the appropriate subitem of Schedule HI,

item 2(a), ‘‘Interest on deposits.’’ The equity call

option must be ‘‘marked to market’’ at least quarterly

with any changes in the fair value of the option

recognized in earnings. On the balance sheet, the

carrying value of the certificate of deposit host contract

and the fair value of the embedded equity derivative

may be combined and reported together as a deposit

liability on the balance sheet (Schedule HC) and in the

deposit schedule (Schedule HC-E).

• If the institution elects to account for the equityindexed certificate of deposit in its entirety at fair

value, no discount is to be recorded on the certificate of

deposit. Rather, the equity-indexed certificate of deposit

must be ‘‘marked to market’’ at least quarterly, with

changes in the instrument’s fair value reported in the

income statement consistently in either item 5(l),

‘‘Other noninterest income,’’ or item 7(d), ‘‘Other

noninterest expense’’, excluding interest expense

incurred that is reported in the appropriate subitem of

Schedule HI, item 2(a), ‘‘Interest on deposits.’’

As for the separate freestanding derivative contracts the

institution enters into to manage its market risk, these

derivatives must be carried on the balance sheet as assets

or liabilities at fair value and ‘‘marked to market’’ at least

quarterly with changes in their fair value recognized in

earnings. The fair value of the freestanding derivatives

should not be netted against the fair value of the embedded equity derivatives for balance sheet purposes because

these two derivatives have different counterparties. The

periodic payments to the counterparty on these freestanding derivatives must be accrued with the expense reported

in earnings along with the change in the derivative’s fair

value. In the income statement (Schedule HI), the

changes in the fair value of the embedded and freestanding derivatives, including the effect of the accruals for the

payments to the counterparty on the freestanding derivatives, should be netted and reported consistently in either

item 5(l), ‘‘Other noninterest income,’’ or item 7(d),

‘‘Other noninterest expense.’’

Unless the institution that issues the equity-indexed certificate of deposit elects to account for the certificate of

deposit in its entirety at fair value, the notional amount of

the embedded equity call option must be reported in

Schedule HC-L, item 11(d)(1), column C, and item 13,

column C, and its fair value (which will always be

negative or zero, but not positive) must be reported in

Schedule HC-L, item 14(b)(2), column C. The notional

amount of the freestanding equity derivative must be

reported in the appropriate subitem of Schedule HC-L,

item 11, column C (e.g., item 11(e), column C, if it is an

equity swap), and in Schedule HC-L, item 13, column C.

The fair value of the freestanding equity derivative must

be included in the appropriate subitem of Schedule HC-L,

item 14(b), column C. The equity derivative embedded in

the equity-indexed certificate of deposit is a written option,

which is not covered by the Federal Reserve’s risk-based

capital standards. However, the freestanding equity derivative is covered by these standards.

An institution that purchases an equity-indexed certificate of deposit for investment purposes must either

account for the embedded purchased equity call option

separately from the certificate of deposit host contract or

irrevocably elect to account for the hybrid instrument

(the equity-indexed certificate of deposit) in its entirety at

fair value.

• If the institution accounts for the purchased equity call

option separately from the certificate of deposit, the

fair value of this embedded derivative on the date of

purchase must be deducted from the purchase price of

the certificate, creating a discount on the deposit that

must be accreted into income over the term of the

deposit using the effective interest method. This accretion should be reported in the income statement in

Glossary

FR Y-9C GL-37

Glossary March 2017
Schedule HI, item 1(c). The embedded equity derivative must be ‘‘marked to market’’ at least quarterly with

any changes in its fair value recognized in earnings.

These fair value changes should be reported consistently in Schedule HI in either item 5(l), ‘‘Other

noninterest income,’’ or item 7(d), ‘‘Other noninterest

expense.’’ The carrying value of the certificate of

deposit host contract and the fair value of the embedded equity derivative may be combined and reported

together as interest-bearing balances due from other

depository institutions on the balance sheet in Schedule

HC, item 1(b).

• If the institution elects to account for the equityindexed certificate of deposit in its entirety at fair

value, no discount is to be recorded on the certificate of

deposit. Rather, the equity-indexed certificate of deposit

must be ‘‘marked to market’’ at least quarterly, with

changes in the instrument’s fair value reported in the

income statement consistently in either item 5(l),

‘‘Other noninterest income,’’ or item 7(d), ‘‘Other

noninterest expense,’’ excluding interest income that is

reported in Schedule HI, item 1(c).

Unless the institution that purchases the equity-indexed

certificate of deposit elects to account for the certificate

of deposit in its entirety at fair value, the notional amount

of the embedded derivative must be reported in Schedule

HC-L, item 11(d)(2), column C, and item 13, column C,

and its fair value (which will always be positive or zero,

but not negative) must be reported in Schedule HC-L,

item 14(b)(1), column C. The embedded equity derivative in the equity-indexed certificate of deposit is a

purchased option, which is subject to the Federal

Reserve’s risk-based capital standards unless the fair

value election has been made.

Equity Method of Accounting: The equity method of

accounting shall be used to account for:

(1) Investments in subsidiaries that have not been consolidated; associated companies; and corporate joint

ventures, unincorporated joint ventures, and general

partnerships over which the holding company exercises significant influence; and

(2) Noncontrolling investments in:

(a) Limited partnerships; and

(b) Limited liability companies that maintain ‘‘specific ownership accounts’’ for each investor and

are within the scope of ASC Subtopic 323-30,

Investments-Equity Method and Joint Ventures –

Partnerships, Joint Ventures, and Limited Liability Entities.

unless the investment in the limited partnership or limited

liability company is so minor that the limited partner or

investor may have virtually no influence over the operating and financial policies of the partnership or company.

Consistent with guidance in ASC Subtopic 323-30,

Investments-Equity Method and Joint Ventures – Partnerships, Joint Ventures, and Limited Liability Entities,

noncontrolling investments of more than 3 to 5 percent

are considered to be more than minor.

The entities in which these investments have been made

are collectively referred to as ‘‘investees.’’

Under the equity method, the carrying value a holding

company’s investment in an investee is originally recorded

at cost but is adjusted periodically to record as income

the holding company’s proportionate share of the investee’s earnings or losses and decreased by the amount of

cash dividends or similar distributions received from the

investee. For purposes of the FR Y-9C report, the date

through which the carrying value of the holding company’s investment in an investee has been adjusted

should, to the extent practicable, match the report date of

the FR Y-9C, but in no case differ by more than 93 days

from the report.

See also “subsidiaries.”

Excess Balance Account: An excess balance account

(EBA) is a limited-purpose account at a Federal Reserve

Bank established for maintaining the excess balances of

one or more depository institutions (participants) that are

eligible to earn interest on balances held at the Federal

Reserve Banks. An EBA is managed by another depository institution that has its own account at a Federal

Reserve Bank (such as a participant’s pass-through correspondent) and acts as an agent on behalf of the

participants. Balances in an EBA represent a liability of a

Federal Reserve Bank directly to the EBA participants

and not to the agent. The Federal Reserve Banks pay

interest on the average balance in the EBA over a 7-day

maintenance period and the agent disburses that interest

to each participant in accordance with the instructions of

the participant. Only a participant’s excess balances may

be placed in an EBA; the account balance cannot be used

to satisfy the participant’s reserve balance requirements.

Glossary

GL-38 FR Y-9C

Glossary September 2020
The reporting of an EBA by participants and agents

differs from the required reporting of a pass-through

reserve relationship, which is described in the Glossary

entry for “pass-through reserve balances.”

A participant’s balance in an EBA is to be treated as a

claim on a Federal Reserve Bank (not as a claim on the

agent) and, as such, should be reported on the balance

sheet in Schedule HC, item 1.b, “Interest-bearing balances” due from depository institutions. For risk-based

capital purposes, the participant’s balance in an EBA is

accorded a zero percent risk weight and should be

reported in Schedule HC-R, Part II, item 1, “Cash and

balances due from depository institutions,” column C. A

participant should not include its balance in an EBA in

Schedule HC, item 3.a, ”Federal funds sold.”

The balances in an EBA should not be reflected as an

asset or a liability on the balance sheet of the depository

institution that acts as the agent for the EBA. Thus, the

agent should not include the balances in the EBA in

Schedule HC, item 1.b, “Interest-bearing balances” due

from depository institutions; Schedule HC, item 13.a.(2),

“Interest-bearing deposits (in domestic offices); or Schedule HC-R, Part II, item 1, “Cash and balances due from

depository institutions.”

Extinguisments of Liabilities: The accounting and

reporting standards for extinguishments of liabilities are

set forth in ASC Subtopic 405-20, Liabilities – Extinguishments of Liabilities. Under ASC Subtopic 405-20, a

holding company should remove a previously recognized

liability from its balance sheet if and only if the liability

has been extinguished. A liability has been extinguished if

either of the following conditions are met:

(1) The holding company pays the creditor and is

relieved of its obligation for the liability. Paying the

creditor includes delivering cash, other financial

assets, goods, or services or the holding company’s

reacquiring its outstanding debt.

(2) The holding company is legally released from being

the primary obligor under the liability, either judicially or by the creditor.

Holding companies should aggregate their gains and

losses from the extinguishment of liabilities (debt),

including losses resulting from the payment of prepayment penalties on borrowings such as Federal Home

Loan Bank advances, and consistently report the net

amount in item 7(d), ‘‘Other noninterest expense,’’ of the

income statement (Schedule HI). Only if a holding

company’s debt extinguishments normally result in net

gains over time should the holding company consistently

report its net gains (losses) in Schedule HI, item 5(l),

‘‘Other noninterest income.’’

In addition, under ASC Subtopic 470-50, Debt – Modifications and Extinguishments, Issue No. 96-19, the

accounting for the gain or loss on the modification or

exchange of debt depends on whether the original and the

new debt instruments are substantially different. If they

are substantially different, the transaction is treated as an

extinguishment of debt and the gain or loss on the

modification or exchange is reported immediately in

earnings as discussed in the preceding paragraph. If the

original and new debt instruments are not substantially

different, the gain or loss on the modification or replacement of the debt is deferred and recognized over time as

an adjustment to the interest expense on the new borrowing. ASC Subtopic 470-50 provides guidance on how to

determine whether the original and the new debt instruments are substantially different.

Fails: When a holding company or its subsidiaries have

sold an asset and, on settlement date, do not deliver the

security or other asset and do not receive payment, a sales

fail exists. When a holding company or its subsidiaries

have purchased a security or other asset and, on settlement date, do not receive the asset and do not pay for it, a

purchase fail exists. Fails do not affect the way securities

are reported in the FR Y-9C. However, the receivable

from a Fail should be reported in other assets. Likewise a

payable from a Fail should be reported in other liabilities.

Fair Value: ASC Topic 820, Fair Value Measurements

and Disclosures, defines fair value and establishes a

framework for measuring fair value. ASC Topic 820

should be applied when other accounting topics require

or permit fair value measurements. For further information, refer to ASC Topic 820.

Fair value is defined as the price that would be received

to sell an asset or paid to transfer a liability in an orderly

transaction between market participants in the asset’s or

liability’s principal (or most advantageous) market at the

measurement date. This value is often referred to as an

‘‘exit’’ price. An orderly transaction is a transaction that

assumes exposure to the market for a period prior to the

measurement date to allow for marketing activities that

are usual and customary for transactions involving such

Glossary

FR Y-9C GL-39

Glossary September 2020
assets or liabilities; it is not a forced liquidation or

distressed sale.

ASC Topic 820 establishes a three level fair value

hierarchy that prioritizes inputs used to measure fair

value based on observability. The highest priority is

given to Level 1 (observable, unadjusted) and the lowest

priority to Level 3 (unobservable). The broad principles

for the hierarchy follow.

Level 1 fair value measurement inputs are quoted prices

(unadjusted) in active markets for identical assets or

liabilities that a holding company has the ability to access

at the measurement date. In addition, a Level 1 fair value

measurement of a liability can also include the quoted

price for an identical liability when traded as an asset in

an active market when no adjustments to the quoted price

of the asset are required.

Level 2 fair value measurement inputs are inputs other

than quoted prices included within Level 1 that are

observable for the asset or liability, either directly or

indirectly. If the asset or liability has a specified (contractual) term, a Level 2 input must be observable for

substantially the full term of the asset or liability.

Depending on the specific factors related to an asset or a

liability, certain adjustments to Level 2 inputs may be

necessary to determine the fair value of the asset or

liability. If those adjustments are significant to the asset

or liability’s fair value in its entirety, the adjustments

may render the fair value measurement to a Level 3

measurement.

Level 3 fair value measurement inputs are unobservable

inputs for the asset or liability. Although these inputs

may not be readily observable in the market, the fair

value measurement objective is, nonetheless, to develop

an exit price for the asset or liability from the perspective

of a market participant. Therefore, Level 3 fair value

measurement inputs should reflect the holding company’s own assumptions about the assumptions that a

market participant would use in pricing an asset or

liability and should be based on the best information

available in the circumstances.

Refer to ASC Topic 820 for additional fair value measurement guidance, including considerations related to

holding large positions (blocks), the existence of multiple

active markets, and the use of practical expedients.

Measurement of Fair Values in Stressed Market

Conditions—The measurement of various assets and

liabilities on the balance sheet - including trading assets

and liabilities, available-for-sale securities, loans held for

sale, assets and liabilities accounted for under the fair

value option, and foreclosed assets - involves the use of

fair values. During periods of market stress, the fair

values of some financial instruments and nonfinancial

assets may be difficult to determine. Institutions are

reminded that, under such conditions, fair value measurements should be determined consistent with the objective

of fair value set forth in ASC Topic 820.

ASC Topic 820 provides guidance on determining fair

value when the volume and level of activity for an asset

or liability have significantly decreased when compared

with normal market activity for the asset or liability (or

similar assets or liabilities). According to ASC Topic

820, if there has been such a significant decrease, transactions or quoted prices may not be determinative of fair

value because, for example, there may be increased

instances of transactions that are not orderly. In those

circumstances, further analysis of transactions or quoted

prices is needed, and a significant adjustment to the

transactions or quoted prices may be necessary to estimate fair value in accordance with ASC Topic 820.

Federal Funds Transactions: For purposes of the FR Y9C, federal funds transactions involve the lending (federal funds sold) or borrowing (federal funds purchased)

in domestic offices of immediately available funds under

agreements or contracts that have an original maturity of

one business day or roll over under a continuing contract. However, funds lent or borrowed in the form of

securities resale or repurchase agreements, due bills,

borrowings from the Discount and Credit Department of

a Federal Reserve Bank, deposits with and advances

from a Federal Home Loan Bank, and overnight loans for

commercial and industrial purposes are excluded from

federal funds. Transactions that are to be reported as

federal funds transactions may be secured or unsecured

or may involve an agreement to resell loans or other

instruments that are not securities.

Immediately available funds are funds that the purchasing holding company can either use or dispose of on the

same business day that the transaction giving rise to the

receipt or disposal of the funds is executed.

The borrowing and lending of immediately available

funds have an original maturity of one business day if the

funds borrowed on one business day are to be repaid or

the transaction reversed on the next business day, that is,

Glossary

GL-40 FR Y-9C

Glossary September 2016
if immediately available funds borrowed today are to be

repaid tomorrow (in tomorrow’s immediately available

funds). Such transactions include those made on a Friday

to mature or be reversed the following Monday and those

made on the last business day prior to a holiday (for

either or both of the parties to the transaction) to mature

or be reversed on the first business day following the

holiday.

A continuing contract is a contract or agreement that

remains in effect for more than one business day but has

no specified maturity and does not require advance notice

of either party to terminate. Such contracts may also be

known as rollovers or as open-ended agreements.

Federal funds may take the form of the following two

types of transactions in domestic offices provided that the

transactions meet the above criteria (i.e., immediately

available funds with an original maturity of one business

day or under a continuing contract):

(1) Unsecured loans (federal funds sold) or borrowings

(federal funds purchased). (In some market usage,

the term “fed funds” or “pure fed funds” is confined

to unsecured loans of immediately available balances.)

(2) Purchases (sales) of financial assets (other than securities) under agreements to resell (repurchase) that

have original maturities of one business day (or are

under continuing contracts) and are in immediately

available funds.

Any borrowing or lending of immediately available

funds in domestic offices that has an original maturity of

more than one business day, other than security repurchase or resale agreements, is to be treated as a borrowing or as a loan, not as federal funds. Such transactions

are sometimes referred to as ‘‘term federal funds.’’

Federally-Sponsored Lending Agency: A federallysponsored lending agency is an agency or corporation

that has been chartered, authorized, or organized as a

result of federal legislation for the purpose of providing

credit services to a designated sector of the economy.

These agencies include Banks for Cooperatives, Federal

Home Loan Banks, the Federal Home Loan Mortgage

Corporation, Federal Intermediate Credit Banks, Federal

Land Banks, the Federal National Mortgage Association,

and the Student Loan Marketing Association.

Fees, Loan: See “Loan fees.”

Foreclosed Assets: The accounting and reporting standards for foreclosed assets are set forth in ASC Subtopic

310-40, Receivables – Troubled Debt Restructurings by

Creditors, and ASC Topic 360, Property, Plant, and

Equipment. Subsequent to the issuance of FASB Statement No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets” (the predecessor of ASC

Topic 360), AICPA Statement of Position (SOP) No. 92-3,

Accounting for Foreclosed Assets was rescinded. Certain

provisions of SOP 92-3 are not present in FASB Statement No. 144, but the application of these provisions

represents prevalent practice in the banking industry and

is consistent with safe and sound banking practices.

These provisions of SOP 92-3 have been incorporated

into this Glossary entry, which holding companies must

follow for purposes of preparing their FR Y-9C reports.

A holding company that receives from a borrower in full

satisfaction of a loan either receivables from a third party,

an equity interest in the borrower, or another type of asset

(except a long-lived asset that will be sold) shall initially

measure the asset received at its fair value at the time of

the restructuring. When a holding company receives a

long-lived asset, such as real estate, from a borrower in

full satisfaction of a loan, the long-lived asset is rebuttably presumed to be held for sale and the holding company shall initially measure this asset at its fair value less

cost to sell. The fair value (less cost to sell, if applicable)

of the asset received in full satisfaction of the loan

becomes the ‘‘cost’’ of the asset. The amount, if any, by

which the recorded investment in the loan (or the amortized cost basis of the loan, if the holding company has

adopted ASC Topic 326, Financial Instruments—Credit

Losses)10 exceeds the fair value (less cost to sell, if

applicable) of the asset is a loss which must be charged to

the allowance for loan and lease losses (or allowance for

credit losses, if the institution has adopted ASC Topic 326)

at the time of restructuring, foreclosure, or repossession.

In those cases where property is received in full satisfaction of an asset other than a loan (e.g., a debt security),

the loss should be reported on the income statement in a

manner consistent with the balance sheet classification of

the asset satisfied.

10. The recorded investment in the loan is the loan balance adjusted for

any unamortized premium or discount and unamortized loan fees or costs,

less any amount previously charged off, plus recorded accrued interest. For

holding companies that have adopted ASC Topic 326, the term “amortized

cost basis” is used in place of “recorded investment.” See the Glossary

entry for “amortized cost basis.”

Glossary

FR Y-9C GL-41

Glossary September 2020
If an asset is sold shortly after it is received in a

restructuring, foreclosure, or repossession, it would generally be appropriate to substitute the value received in

the sale (net of the cost to sell for a long- lived asset, such

as real estate, that has been sold) for the fair value (less

cost to sell for a long-lived asset, such as real estate, that

will be sold) that had been estimated at the time of

restructuring, foreclosure, or repossession. Any adjustments should be made to the loss charged against the

allowance.

An asset received in partial satisfaction of a loan should

be initially measured as described above and the recorded

investment in the loan should be reduced by the fair value

(less cost to sell, if applicable) of the asset at the time of

restructuring, foreclosure, or repossession.

The measurement and accounting subsequent to acquisition for real estate received in full or partial satisfaction

of a loan, including through foreclosure or repossession,

is discussed below in this Glossary entry. For other types

of assets that a holding company receives in full or partial

satisfaction of a loan, the holding company generally

should subsequently measure and account for such assets

in accordance with other applicable generally accepted

accounting principles and regulatory reporting instructions for such assets.

For purposes of this report, foreclosed assets (other than

real estate property collateralizing a consumer mortgage

loan) include loans where the holding company, as

creditor, has received physical possession of a borrower’s

assets, regardless of whether formal foreclosure proceedings take place. A holding company, as creditor, is

considered to have received physical possession of residential real estate property collateralizing a consumer

mortgage loan only upon the occurrence of either of the

following:

a. The holding company obtains legal title to the

residential real estate property upon completion of a

foreclosure even if the borrower has redemption

rights whereby they have a legal right for a period

of time after a foreclosure to reclaim the real estate

property by paying certain amounts specified by

law.

b. The borrower conveys all interest in the residential

real estate property to the bank to satisfy the loan

through completion of a deed in lieu of foreclosure

or through a similar legal agreement. The deed in

lieu of foreclosure or similar legal agreement is

completed when agreed-upon terms and conditions

have been satisfied by both the borrower and the

creditor.11

In such situations, the secured loan should be recategorized on the balance sheet in the asset category appropriate to the underlying collateral (e.g., as other real estate

owned for real estate collateral) and accounted for as

described above.

The amount of any senior debt (principal and accrued

interest) to which foreclosed real estate is subject at the

time of foreclosure must be reported as a liability in

Schedule HC, items 16, “Other borrowed money.”

After foreclosure, each foreclosed real estate asset (including any real estate for which the holding company

receives physical possession,) must be carried at the

lower of (1) the fair value of the asset minus the

estimated costs to sell the asset or (2) the cost of the asset

(as defined in the preceding paragraphs). This determination must be made on an asset-by-asset basis. If the fair

value of a foreclosed real estate asset minus the estimated

costs to sell the asset is less than the asset’s cost, the

deficiency must be recognized as a valuation allowance

against the asset which is created through a charge to

expense. The valuation allowance should thereafter be

increased or decreased (but not below zero) through

charges or credits to expense for changes in the asset’s

fair value or estimated selling costs.

If a foreclosed real estate asset is held for more than a

short period of time, any declines in value after foreclosure and any gain or loss from the sale or disposition of

the asset shall not be reported as a loan or lease loss or

recovery and shall not be debited or credited to the

allowance for loan and lease losses (or allowance for

credit losses, if the holding company has adopted ASC

Topic 326). Such additional declines in value and the

gain or loss from the sale or disposition shall be reported

11. Refer to FASB’s ASU No. 2014-04, “Reclassification of Residential

Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure”

for transition guidance. The ASU must be applied by public business

entities with a fiscal calendar year in their March 2015 FR Y-9C Reports

and by private entities with a fiscal calendar year in their March 2016

FR Y-9C Reports. Early adoption is permitted. Entities can elect either a

prospective or modified retrospective approach. Under the modified retrospective approach, entities should apply a cumulative-effect adjustment to

residential consumer mortgage loans and OREO existing as of the beginning of the annual period for which the amendments are effective.

Glossary

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Glossary December 2016
net on the income statement in Schedule HI, item 5(J)

“Net gains (losses) on sales of other real estate owned.”

Reporting Certain Government-Guaranteed Mortgage

Loans upon Foreclosure—ASC Subtopic 310-40 clarifies

the conditions under which a creditor must derecognize a

government-guaranteed mortgage loan and recognize a

separate “other receivable” upon foreclosure (that is,

when a creditor receives physical possession of real

estate property collateralizing a mortgage loan). When

these conditions are met, other real estate owned should

not be recognized by a holding company. A holding

company should derecognize a mortgage loan and record

a separate other receivable upon foreclosure of the real

estate collateral if all of the following conditions are met:

• The loan has a government guarantee that is not

separable from the loan before foreclosure.

• At the time of foreclosure, the holding company has

the intent to convey the property to the guarantor and

make a claim on the guarantee and it has the ability to

recover under that claim.

• At the time of foreclosure, any amount of the claim that

is determined on the basis of the fair value of the real

estate is fixed (that is, the real estate property has been

appraised for purposes of the claim and thus the

holding company is not exposed to changes in the fair

value of the property).

This guidance is applicable to fully and partially

government-guaranteed mortgage loans provided the

three conditions identified above have been met. In such

situations, upon foreclosure, the separate other receivable

should be measured based on the amount of the loan

balance (principal and interest) expected to be recovered

from the guarantor. This other receivable should be

reported in Schedule HC-F, item 6, “All other assets.”

Any interest income earned on the other receivable

should be reported in Schedule HI, item 1(g), “Other

interest income.”

Dispositions of Foreclosed Real Estate—Until the effective date of ASU 2014-09 “Revenue from Contracts with

Customers,” which includes amendments to ASC Subtopic 610-20, Other Income–Gains and Losses from the

Derecognition of Nonfinancial Assets, the primary

accounting guidance for sales of foreclosed real estate is

ASC Subtopic 360-20, Property, Plant, and Equipment–

Real Estate Sales. When it takes effect, ASC Subtopic

610-20 supersedes ASC Subtopic 360-20 for real estate

sales not accompanied by a leaseback and becomes the

primary accounting guidance for sales of foreclosed real

estate.

This Glossary entry presents a summary of the methods

included in ASC Subtopic 360-20 for holding companies

that have not yet adopted ASC 610-20. For holding

companies that have adopted ASC Subtopic 610-20, this

Glossary entry also presents a summary of the provisions

of ASC Subtopic 610-20, which requires the application

of specified portions of ASC Topic 606, Revenue from

Contracts with Customers, to a holding company’s sale

of repossessed nonfinancial assets such as foreclosed real

estate (also referred to as other real estate owned or

OREO).

Effective Date of ASU 2014-09, including ASC Subtopic

610-20 (and ASC Topic 606)–For holding companies

that are public business entities, these standards are

effective for fiscal years beginning after December 15,

2017, including interim reporting periods within those

fiscal years. For holding companies that are not public

business entities (i.e., that are private companies), the

standards are effective for fiscal years beginning after

December 15, 2018, and interim reporting periods within

fiscal years beginning after December 15, 2019. For

further information, see the Glossary entries for “public

business entity” and “private company.” Early application of these standards is permitted for all holding

companies for fiscal years beginning after December 15,

2016, and interim reporting periods as prescribed in the

standards. A holding company that early adopts these

standards must apply them (including all of ASC Topic

606 on revenue recognition) in their entirety. If holding

company chooses to early adopt these standards for

financial reporting purposes, the holding company should

implement them in its FR Y-9C report for the same

quarter-end report date.

Accounting under ASC Subtopic 360-20–This subtopic,

which applies to all transactions in which the seller

provides financing to the buyer of the real estate, establishes the following methods to account for dispositions

of real estate. If a profit is involved in the sale of real

estate, each method sets forth the manner in which the

profit is to be recognized. Regardless of which method is

used, however, any losses on the disposition of real estate

should be recognized immediately.

(1) Full Accrual Method–Under the full accrual method,

the disposition is recorded as a sale. Any profit

Glossary

FR Y-9C GL-43

Glossary September 2020
resulting from the sale is recognized in full and the

asset resulting from the seller’s financing of the

transaction is reported as a loan. This method may be

used when the following conditions have been met:

(a) A sale has been consummated;

(b) The buyer’s initial investment (down payment)

and continuing investment (periodic payments)

are adequate to demonstrate a commitment to pay

for the property;

(c) The receivable is not subject to future subordination; and

(d) The usual risks and rewards of ownership have

been transferred.

uidelines for the minimum down payment that must

be made in order for a transaction to qualify for the

full accrual method are set forth in ASC Subtopic

360-20. These vary from five percent to 25 percent of

the property’s sales value. These guideline percentages vary by type of property and are primarily based

on the inherent risk assumed for the type and characteristics of the property. To meet the continuing

investment criteria, the contractual loan payments

must be sufficient to repay the loan over the customary loan term for the type of property involved. Such

periods may range up to 30 years for loans on single

family residential property.

(2) Installment Method–Dispositions of foreclosed real

estate that do not qualify for the full accrual method

may qualify for the installment method. This method

recognizes a sale and the corresponding loan. Any

profits on the sale are only recognized as the holding

company receives payments from the purchaser/

borrower. Interest income is recognized on an accrual

basis, when appropriate.

The installment method is used when the buyer’s

down payment is not adequate to allow use of the full

accrual method but recovery of the cost of the

property is reasonably assured if the buyer defaults.

Assurance of recovery requires careful judgment on a

case-by-case basis. Factors which should be considered include: the size of the down payment, loan-tovalue ratios, projected cash flows from the property,

recourse provisions, and guarantees.

Since default on the loan usually results in the

seller’s reacquisition of the real estate, reasonable

assurance of cost recovery may often be achieved

with a relatively small down payment. This is especially true in situations involving loans with recourse

to borrowers who have verifiable net worth, liquid

assets, and income levels. Reasonable assurance of

cost recovery may also be achieved when the

purchaser/borrower pledges additional collateral.

(3) Cost Recovery Method–Dispositions of foreclosed

real estate that do not qualify for either the full

accrual or installment methods are sometimes

accounted for using the cost recovery method. This

method recognizes a sale and the corresponding loan,

but all income recognition is deferred. Principal

payments are applied as a reduction of the loan

balance and interest increases the unrecognized gross

profit. No profit or interest income is recognized until

either (1) the aggregate payments by the borrower

exceed the recorded investment in, or the amortized

cost basis of, the loan, as applicable, or (2) a change

to another accounting method is appropriate (e.g.,

installment method). Consequently, the loan is maintained in nonaccrual status while this method is being

used.

(4) Reduced-Profit Method–This method is used in certain situations where the holding company receives

an adequate down payment, but the loan amortization

schedule does not meet the requirements for use of

the full accrual method. The method recognizes a

sale and the corresponding loan. However, like the

installment method, any profit is apportioned over

the life of the loan as payments are received. The

method of apportionment differs from the installment

method in that profit recognition is based on the

present value of the lowest level of periodic payments required under the loan agreement.

Since sales with adequate down payments are generally not structured with inadequate loan amortization

requirements, this method is seldom used in practice.

(5) Deposit Method–The deposit method is used in situations where a sale of the foreclosed real estate has

not been consummated. It may also be used for

dispositions that could be accounted for under the

cost recovery method. Under this method a sale is not

recorded and the asset continues to be reported as

foreclosed real estate. Further, no profit or interest

income is recognized. Payments received from the

borrower are reported as a liability in Schedule HC-G

Glossary

GL-44 FR Y-9C

Glossary December 2016
item 4, “All other liabilities,” until sufficient payments or other events have occurred which allow the

use of one of the other methods.

Accounting under ASC Subtopic 610-20 (and ASC Topic

606)–The amendments to ASC Subtopic 610-20, when

effective as a result of ASU 2014-09 (as discussed

above), eliminate the prescriptive criteria and methods

for sale accounting and gain recognition for dispositions

of OREO set forth in ASC Subtopic 360-20. Under ASC

Subtopic 610-20, if the buyer of the OREO is a legal

entity, a holding company should first assess whether it

has a controlling financial interest in the legal entity

buying the OREO by applying the guidance in ASC

Topic 810, Consolidation. If holding company determines that it has a controlling financial interest in the

buying legal entity, it should not derecognize the OREO

and should apply the guidance in ASC Subtopic 810-10.

When a holding company does not have a controlling

financial interest in the buying legal entity or the OREO

buyer is not a legal entity, which is expected to be the

case for most sales of OREO, the holding company will

recognize the entire gain or loss, if any, and derecognize

the OREO at the time of sale if the transaction meets

certain requirements of ASC Topic 606. Otherwise, the

holding company generally will continue reporting the

OREO as an asset, with any cash payments or other

consideration received from the individual or entity

acquiring the OREO (i.e., any down payment and any

subsequent payments of principal or interest) reported as

a liability in Schedule HC-G, item 4, “All other liabilities,” until it becomes appropriate to recognize the revenue and the sale of the OREO in accordance with ASC

Subtopic 610-20 and ASC Topic 606.12

When applying ASC Subtopic 610-20 and Topic 606,

holding companies will need to exercise judgment in

determining whether a contract (within the meaning of

Topic 606) exists for the sale or transfer of OREO,

whether the holding company has performed its obligations identified in the contract, and what the transaction

price is for calculation of the amount of gain or loss.

These standards apply to all sales or transfers of real

estate by holding companies, but greater judgment will

generally be required for seller-financed sales of OREO.

Under ASC Subtopic 610-20, when a holding company

does not have a controlling financial interest in the

buying legal entity or the OREO buyer is not a legal

entity, the holding company’s first step in assessing

whether it can derecognize an OREO asset and recognize

revenue upon the sale or transfer of the OREO is to

determine whether a contract exists under the provisions

of Topic 606. In the context of an OREO sale or transfer,

in order for a holding company’s transaction with the

party acquiring the property to be a contract under ASC

Topic 606, it must meet all the following criteria:

(a) The parties to the contract have approved the

contract (in writing, orally, or in accordance with

other customary business practices) and are committed to perform their respective obligations;

(b) The holding company can identify each party’s

rights regarding the OREO to be transferred;

(c) The holding company can identify the payment

terms for the OREO to be transferred;

(d) The contract has commercial substance (that is,

the risk, timing, or amount of the holding company’s future cash flows is expected to change as

a result of the contract); and

(e) It is probable that the holding company will

collect substantially all of the consideration to

which it will be entitled in exchange for OREO

that will be transferred to the buyer, i.e. the

transaction price. In evaluating whether collectability of an amount of consideration is probable,

a holding company shall consider only the buyer’s ability and intention to pay that amount of

consideration when it is due.

These five criteria require careful analysis for sellerfinanced sales of OREO. In particular, criteria (a) and (e)

may require significant judgment. When determining

whether the buyer is committed to perform its obligations

under criterion (a) and collectability under criterion (e), a

selling holding company should consider all facts and

circumstances related to the buyer’s ability and intent to

pay the transaction price, which may include:

• Amount of cash paid as a down payment;

• Existence of recourse provisions;

12. Although ASC Topic 606 describes the consideration received

(including any cash payments) using such terms as “liability,” “deposit,”

and “deposit liability,” for regulatory reporting purposes these amounts

should be reported in Schedule HC-G, item 4, and not as a deposit in

Schedule HC, item 13.

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FR Y-9C GL-45

Glossary September 2018
• Credit standing of the buyer;

• Age and location of the property;

• Cash flow from the property;

• Payments by the buyer to third parties;

• Other amounts paid to the selling holding company,

including current or future contingent payments;

• Transfer of noncustomary consideration (i.e., consideration other than cash and a note receivable);

• Other types of financing involved with the property or

transaction;

• Financing terms of the loan (reasonable and customary

terms, amortization, any graduated payments, any balloon payment);

• Underwriting inconsistent with the holding company’s

underwriting policies for loans not involving OREO

sales; and

• Future subordination of the selling holding company’s

receivable.

Although ASC Subtopic 610-20 does not include the

prescriptive minimum down payment requirements in

ASC Subtopic 360-20, the amount and character of a

buyer’s equity (typically the down payment) and recourse

provisions remain important factors when evaluating

criteria (a) and (e). Specifically, the buyer’s initial equity

in the property immediately after the sale is an important

consideration in determining whether a buyer is committed to perform its obligations under criterion (a). Furthermore, the buyer’s initial equity is a factor to consider

under criterion (e) when evaluating the collectability of

consideration that the holding company is entitled to

receive from the buyer.

In applying the revenue recognition principles in ASC

Topic 606, all relevant factors are to be weighed collectively in evaluating whether the five contract criteria have

been met as the first step in determining the appropriate

accounting for a seller-financed OREO transaction. However, the agencies consider the down payment and financing terms to be of particular importance when making

this determination. A transaction with an insignificant

down payment and nonrecourse financing generally

would not meet the definition of a contract (within the

meaning of Topic 606) unless there is considerable

support from other factors. The need for support from

other factors recedes in importance for a transaction with

a substantial down payment and recourse financing to a

buyer with adequate capacity to repay.

If the five contract criteria in ASC Topic 606 have not

been met, the holding company generally may not derecognize the OREO asset or recognize revenue (gain or

loss) as an accounting sale has not occurred. The holding

company should continue to assess the transaction to

determine whether the contract criteria have been met in

a later period. Until that time, any consideration the

holding company has received from the buyer should

generally be recorded as a deposit liability. In addition, if

the transaction price is less than the carrying amount of

the OREO, the holding company should consider whether

this indicates a decline in fair value of the OREO that

should be recognized as a valuation allowance, or an

increase in an existing valuation allowance, and through

a charge to expense as discussed above in this Glossary

entry.

If a holding company determines the contract criteria in

ASC Topic 606 have been met, it must then determine

whether it has satisfied its performance obligations as

identified in the contract by transferring control of the

asset to the buyer. Control of an asset refers to the ability

to direct the use of, and obtain substantially all of the

remaining benefits from, the asset. As it relates to a

holding company’s sale of OREO, ASC Topic 606

includes the following indicators of the transfer of control:

(a) The holding company has a present right to

payment for the asset;

(b) The buyer has legal title to the asset;

(c) The holding company has transferred physical

possession of the asset;

(d) The buyer has the significant risks and rewards of

ownership of the asset; and

(e) The buyer has accepted the asset.

For seller-financed sales of OREO, the transfer of control

generally occurs on the closing date of the sale when the

holding company obtains the right to receive payment for

the property and transfers legal title to the buyer. However, a holding company must consider all relevant facts

and circumstances to determine whether control of the

OREO has transferred, which may include the selling

holding company’s:

Glossary

GL-46 FR Y-9C

Glossary March 2017
• Involvement with the property following the transaction;

• Obligation to repurchase the property in the future;

• Obligation to provide support for the property following the sale transaction; and

• Retention of an equity interest in the property.

In particular, if a holding company has the obligation or

right to repurchase the OREO, the buyer does not obtain

control of the OREO because the buyer is limited in its

ability to direct the use of, and obtain substantially all of

the remaining benefits from, the asset even though it may

have physical possession. In this situation, a holding

company should account for the contract as either (1) a

lease in accordance with ASC Topic 840, Leases, or ASC

Topic 842, Leases, as applicable, or (2) a financing

arrangement in accordance with ASC Topic 606. In

addition, situations may exist where the selling holding

company has legal title to the OREO, while the borrower

whose property was foreclosed upon under the original

loan still has redemption rights to reclaim the property in

the future. If such redemption rights exist, the selling

holding company may not be able to transfer control to

the buyer of the OREO and recognize revenue until the

redemption period expires.

When a contract exists and a holding company has

transferred control of the property, the holding company

should derecognize the OREO asset and recognize a gain

or loss for the difference between the transaction price

and the carrying amount of the OREO asset. Generally,

the transaction price in a sale of OREO will be the

contract amount in the purchase/sale agreement, including for a seller-financed sale financed at market terms.

However, the transaction price may differ from the

amount stated in the contract due to the existence of a

significant financing component. Under the new standard, a significant financing component exists if the

timing of the buyer’s payments explicitly or implicitly

provides the selling holding company or the buyer with a

significant benefit of financing the transfer of the OREO.

A seller-financed transaction of OREO at off-market

terms generally indicates the existence of a significant

financing component. If a significant financing component exists, the contract amount should be adjusted for

the time value of money to reflect what the cash selling

price of the OREO would have been at the time of its

transfer to the buyer. The discount rate used in adjusting

for the time value of money should be a market rate of

interest considering the credit characteristics of the buyer

and the terms of the financing.

Foreign Banks: See ‘‘Banks, U.S. and foreign.’’

Foreign Central Banks: The term ‘‘foreign central

banks’’ covers: central banks in foreign countries; departments of foreign central governments that have, as an

important part of their functions, activities similar to

those of a central bank; nationalized banks and banking

institutions owned by central governments that have, as

an important part of their functions, activities similar to

those of a central bank; and the Bank for International

Settlements (BIS).

Foreign Currency Transactions and Translation: Foreign currency transactions are transactions occurring in

the ordinary course of business (e.g., purchases, sales,

borrowings, lendings, forward exchange contracts)

denominated in currencies other than the office’s functional currency (as described below).

Foreign currency translation, on the other hand, is the

process of translating financial statements from the foreign office’s functional currency into the reporting currency. Such translation normally is performed only at

reporting dates.

A functional currency is the currency of the primary

economic environment in which an office operates. For

most consolidated holding companies, the functional

currency will be the U.S. dollar. However, if a consolidated holding company has foreign offices, one or more

foreign offices may have a functional currency other than

the U.S. dollar.

Accounting for foreign currency transactions—A change

in exchange rates between the functional currency and

the currency in which a transaction is denominated will

increase or decrease the amount of the functional currency expected to be received or paid. These increases or

decreases in the expected functional currency cash flow

are to be reported as foreign currency transaction gains

and losses and are to be included in the determination of

the income of the period in which the transaction takes

place, or if the transaction has not yet settled, the period

in which the rate change takes place.

Except for foreign currency derivatives and transactions

described in the following section, holding companies

should consistently report net gains (losses) from foreign

currency transactions other than trading transactions in

Glossary

FR Y-9C GL-47

Glossary March 2020
Schedule HI, item 5(l), ‘‘Other noninterest income,’’ or

item 7(d), ‘‘Other noninterest expense.’’ Net gains (losses)

from foreign currency trading transactions should be

reported in Schedule HI, item 5(c), ‘‘Trading revenue.’’

Foreign currency transaction gains or losses to be

excluded from the determination of net income—Gains

and losses on the following foreign currency transactions

shall not be included in ‘‘Noninterest income’’ or ‘‘Noninterest expense,’’ but shall be reported in the same

manner as translation adjustments (as described below):

(1) Foreign currency transactions that are designated as,

and are effective as, economic hedges of a net

investment in a foreign office.

(2) Intercompany foreign currency transactions that are

of a long-term investment nature (i.e., settlement is

not planned or anticipated in the foreseeable future),

when the parties to the transaction are consolidated,

combined, or accounted for by the equity method in

the holding company’s FR Y-9C.

In addition, the entire change in the fair value of foreigncurrency-denominated available-for-sale debt securities

should not be included in ‘‘Realized gains (losses) on

available-for-sale debt securities’’ (Schedule HI, item

6(b)), but should be reported in Schedule HI-A, item 12,

‘‘Other comprehensive income.’’ These fair value changes

should be accumulated in the ‘‘Net unrealized holding

gains (losses) on available-for-sale securities’’ component of ‘‘Accumulated other comprehensive income’’ in

Schedule HC, item 26(b). However, if a decline in fair

value of a foreign-currency-denominated available-forsale debt security is judged to be other than temporary,

the cost basis of the individual security shall be written

down to fair value as a new cost basis and the amount of

the write-down shall be included in earnings (Schedule

HI, item 6(b)).

See the Glossary entry for ‘‘derivative contracts’’ for

information on the accounting and reporting for foreign

currency derivatives.

Accounting for foreign currency translation (applicable

only to holding companies with foreign offıces)— The FR

Y-9C must be reported in U.S. dollars. Balances of

foreign subsidiaries or branches of the reporting holding

company denominated in a functional currency other

than U.S. dollars shall be converted to U.S. dollar equivalents and consolidated into the reporting holding company’s FR Y-9C. The translation adjustments for each

reporting period, determined utilizing the current rate

method, may be reported in ‘‘Other comprehensive

income’’ in Schedule HI-A of the Report of Income for

Holding Companies. Amounts accumulated in the ‘‘Accumulated other comprehensive income’’ component of

equity capital in Schedule HC will not be included in the

holding company’s results of operations until such time

as the foreign office is disposed of, when they will be

used as an element to determine the gain or loss on

disposition.

For further guidance, refer to ASC Topic 830, Foreign

Currency Matters (formerly FASB Statement No. 52,

Foreign Currency Translation).

Foreign Debt Exchange Transactions: Foreign debt

exchange transactions generally fall into three categories:

(1) loan swaps, (2) debt/equity swaps, and (3) debt-fordevelopment swaps. These transactions are to be reported

in the FR Y-9C in accordance with generally accepted

accounting principles as summarized below. The accounting pronouncements mentioned below should be consulted for more detailed reporting guidance in these

areas.

Generally accepted accounting principles require that

these transactions be reported at their fair value. There is

a significant amount of precedent in the accounting for

exchange transactions to consider both the fair value of

the consideration given up as well as the fair value of the

assets received in arriving at the most informed valuation, especially if the value of the consideration given up

is not readily determinable or may not be a good indicator of the value received. It is the responsibility of

management to make the valuation considering all of the

circumstances. Such valuations are subject to examiner

review.

Among the factors to consider in determining fair values

for foreign debt exchange transactions are:

(1) Similar transactions for cash;

(2) Estimated cash flows from the debt or equity instruments or other assets received;

(3) Market values, if any, of similar instruments; and

(4) Currency restrictions, if any, affecting payments on

or sales of the debt or equity instruments, local

currency, or other assets received, including where

appropriate those affecting the repatriation of capital.

Glossary

GL-48 FR Y-9C

Glossary December 2016
Losses arise from swap transactions when the fair value

determined for the transaction is less than the recorded

investment in the sovereign debt and other consideration

paid, if any. Such losses should generally be charged to

the allowance for loan and lease losses, or the allowance

for credit losses, as applicable (or allocated transfer risk

reserve, if appropriate) and must include any discounts

from official exchange rates that are imposed by sovereign obligors as transaction fees. All other fees and

transaction costs involved in such transactions must be

charged to expense as incurred.

Loss recoveries or even gains might be indicated in a

swap transaction as a result of the valuation process.

However, due to the subjective nature of the valuation

process, such loss recoveries or gains ordinarily should

not be recorded until the debt or equity instruments,

local currency, or other assets received in the exchange

transaction are realized in unrestricted cash or cash

equivalents.

Loan swaps—Foreign loan swaps, or debt/debt swaps,

involve the exchange of one foreign loan for another.

This type of transaction represents an exchange of monetary assets that must be reported at current fair value.

Normally, when monetary assets are exchanged, with or

without additional cash payments, and the parties have

no remaining obligations to each other, the earnings

process is complete.

Debt/equity swaps—The reporting treatment for this type

of transaction is presented in the ASC Subtopic 942-310,

Financial Services-Depository and Lending – Receivables.

A foreign debt/equity swap represents an exchange of

monetary for nonmonetary assets that must be measured

at fair value. This type of swap is typically accomplished

when holders of U.S. dollar-denominated sovereign debt

agree to convert that debt into approved local equity

investments. The holders are generally credited with

local currency at the official exchange rate. A discount

from the official exchange rate is often imposed as a

transaction fee. The local currency is generally not

available to the holders for any purposes other than

approved equity investments. Restrictions may be placed

on dividends on the equity investments and capital

usually cannot be repatriated for several years.

In arriving at the fair value of the transaction, both the

secondary market price of the debt given up and the fair

value of the equity investment or assets received should

be considered.

Debt-for-development swaps—In this type of exchange,

sovereign debt held by a holding company is generally

purchased by a nonprofit organization or contributed to

the nonprofit the nonprofit organization. When the sovereign debt is purchased by or donated to a nonprofit

organization, the organization may enter into an agreement with the debtor country to cancel the debt in return

for the country’s commitment to provide local currency

or other assets for use in connection with specific projects

or programs in that country. Alternatively, a holding

company may exchange the sovereign debt with the

country and receive local currency. In this alternative, the

local currency will be donated or sold to the nonprofit

organization for use in connection with specific projects

or programs in that country.

These transactions, including amounts charged to expense

as donations, must be reported at their fair values in

accordance with generally accepted accounting principles applicable to foreign debt exchange transactions.

This includes appropriate consideration of the market

value of the instruments involved in the transaction and

the fair value of any assets received, taking into account

any restrictions that would limit the use of the assets. In

debt-for-development swaps where a holding company

receives local currency in exchange for the sovereign

loan it held and the local currency has no restrictions on

its use and is freely convertible, it is generally appropriate for fair value to be determined by valuing the local

currency received at its fair market exchange value.

Foreign Governments and Official Institutions: Foreign governments and official institutions are central,

state, provincial, and local governments in foreign countries and their ministries, departments, and agencies.

These include treasuries, ministries of finance, central

banks, development banks, exchange control offices, stabilization funds, diplomatic establishments, fiscal agents,

and nationalized banks and other banking institutions that

are owned by central governments and that have as an

important part of their function activities similar to those

of a treasury, central bank, exchange control office, or

stabilization fund. For purposes of these reports, other

government-owned enterprises are not included.

Also included as foreign official institutions are international, regional, and treaty organizations, such as the

International Monetary Fund, the International Bank

Glossary

FR Y-9C GL-49

Glossary September 2020
for Reconstruction and Development (World Bank), the

Bank for International Settlements, the Inter-American

Development Bank, and the United Nations.

Foreign Office: For purposes of these reports, a foreign

office of the reporting holding company is a branch or

consolidated subsidiary located in a foreign country; an

Edge or Agreement subsidiary, including both its U.S.

and its foreign offices; or an IBF. In addition, if the

reporting holding company is chartered and headquartered in the 50 states of the United States and the District

of Columbia, a branch or consolidated subsidiary located

in Puerto Rico or a U.S. territory or possession is a

foreign office. Branches of bank subsidiaries on U.S.

military facilities wherever located are treated as domestic offices, not foreign offices.

Forward Contract: See ‘‘Futures, forward, and standby

contracts.’’

Functional Currency: See ‘‘Foreign currency trans

actions and translation.’’

Futures, Forward, and Standby Contracts: Futures

and forward contracts are commitments for delayed

delivery of financial instruments or commodities in which

the buyer agrees to purchase and the seller agrees to

make delivery, at a specified future date, of a specified

instrument at a specified price or yield.

Futures contracts are standardized and are traded on

organized exchanges. Exchanges in the U.S. are registered

with and regulated by the Commodity Futures Trading

Commission. Forward contracts are traded over the counter and their terms are not standardized. Such contracts can

only be terminated, other than by receipt of the underlying

financial instrument or commodity, by agreement of both

buyer and seller. Standby contracts and other option

arrangements are optional forward contracts. The buyer of

such a contract has, for compensation (such as a fee or

premium), acquired the right (or option) to sell to, or

purchase from, another party some financial instrument or

commodity at a stated price on a specified future date. The

seller of the contract has, for such compensation, become

obligated to purchase or sell the financial instrument or

commodity at the option of the buyer of the contract. Such

contracts may relate to purchases or sales of securities,

money market instruments, or futures contracts.

A standby contract or put option is an optional delivery

forward placement contract. It obligates the seller of the

contract to purchase some financial instrument at the

option of the buyer of the contract.

A call option is an optional forward purchase contract. It

obligates the seller of the contract to sell some financial

instrument at the option of the buyer of the contract.

FR Y-9C treatment of open contracts—Contracts are

outstanding (i.e., open) until they have been terminated

by acquisition or delivery of the underlying financial

instruments or, for futures contracts, by offset, or, for

standby contracts and other option arrangements, by

expiring unexercised. (‘‘Offset’’ is the purchase and sale

of an equal number of futures contracts on the same

underlying instrument for the same delivery month

executed through the same broker or dealer and executed

on the same exchange.)

The reporting of these contracts should follow the

accounting outlined in ASC Topic 815, Derivatives and

Hedging (formerly FAS 133) and disclosed in Schedule

HC-L.

Goodwill: According to ASC Topic 805, Business Combinations, goodwill is an asset representing the future

economic benefits arising from other assets acquired in a

business combination that are not individually identified

and separately recognized. The private company accounting alternative for identifiable intangible assets acquired

in a business combination is discussed in a subsection of

this Glossary entry. In addition, see “acquisition method”

in the Glossary entry for “business combinations” for

guidance on the recognition and initial measurement of

goodwill acquired in a business combination.

Subsequent Measurement of Goodwill - Goodwill should

not be amortized, but must be tested for impairment at the

reporting unit level at least annually, unless a holding

company meets the definition of a private company, as

defined in U.S. GAAP, and elects either or both of the

goodwill accounting alternatives described below. Any

impairment losses recognized on goodwill during the

year-to-date reporting period should be reported in

Schedule HI, item 7(c)(1), ‘‘Goodwill impairment losses,’’

except those impairment losses associated with discontinued operations, which should be reported on a net-of-tax

basis in Schedule HI, item 11. Goodwill, net of any

impairment losses, should be reported on the balance

sheet in Schedule HC, item 10 and in Schedule HC-M,

item 12.b.

Glossary

GL-50 FR Y-9C

Glossary June 2021
Private Company Accounting Alternatives for Goodwill -

ASC Subtopic 350-20, Intangibles Goodwill and Other –

Goodwill generally permits a private company, as defined

in U.S. GAAP, to elect an accounting alternative for

goodwill under which goodwill is amortized on a straightline basis over a period of ten years (or less than ten years

if more appropriate) and a simplified impairment model

is applied to goodwill. In addition, if a private company

chooses to adopt this goodwill accounting alternative, the

private company is required to make an accounting

policy election to test goodwill for impairment at either

the entity level or the reporting unit level. Goodwill must

be tested for impairment when a triggering event occurs

that indicates that the fair value of an entity or a reporting

unit, as appropriate under this private company’s accounting policy election, may be below its carrying amount.

Alternatively, ASC Subtopic 350-20, Intangibles - Goodwill and Other - Goodwill, as amended by ASU 2021-03,

“Accounting Alternative for Evaluating Triggering

Events,” allows a private company to elect to evaluate

goodwill, at each reporting date instead of the requirement to monitor goodwill impairment triggering events

during the reporting period. Private companies that elect

the triggering event alternative evaluate the facts and

circumstances at the end of each reporting period to

determine whether a triggering event exists, and if so,

whether it is more likely than not that goodwill is

impaired.

U.S. GAAP for a public business entity does not permit

goodwill to be amortized, instead requiring goodwill to

be tested for impairment at the reporting unit level

annually and between annual tests in certain circumstances. For information on the distinction between a

private company and a public business entity, see the

Glossary entry for “public business entity.”

A holding company that meets the definition of a private

company is permitted, but not required, to adopt the

private company accounting alternatives for goodwill. If

a private company issues U.S. GAAP financial statements

and chooses to adopt either or both private company

alternatives, it should apply the goodwill accounting

alternative(s) in its FR Y-9C in a manner consistent with

its reporting of goodwill in its financial statements.

Goodwill amortization expense should be reported in

item 7.c.(1) of the FR Y-9C Report income statement

(Schedule HI) unless the amortization is associated with

a discontinued operation, in which case the goodwill

amortization should be included within the results of

discontinued operations and reported in Schedule HI,

item 11.

Goodwill Impairment Testing - ASC Subtopic 350-20,

provides guidance for testing and reporting goodwill

impairment losses, a summary of which follows. Impairment is the condition that exists when the carrying

amount of goodwill exceeds its implied fair value.

Because the fair value of goodwill can be measured only

as a residual and cannot be measured directly, ASC

Subtopic 350-20 includes a methodology for estimating

the implied fair value of goodwill for impairment measurement purposes.

The holding company’s goodwill must be tested for

impairment using the holding company’s reporting units

(unless the holding company is a private company that

has elected the goodwill accounting alternative and has

made an accounting policy election to test goodwill for

impairment at the entity level). Goodwill should be

assigned to reporting units in accordance with ASC

Subtopic 350-20. The holding company itself may be a

reporting unit.

Unless it is a holding company that is a private company

that has elected either or both goodwill alternatives

desicribed above, goodwill of a reporting unit must be

tested for impairment annually and between annual tests

upon the occurance of a triggering event, i.e., if an event

occurs or circumstances change that would more likely

than not reduce the fair value of a reporting unit below its

carrying amount. Examples of triggering events or circumstances include a significant adverse change in the

business climate, unanticipated competition, a loss of key

personnel, and a more-likely-than-not expectation that a

reporting unit or a significant portion of a reporting unit

will be sold or otherwise disposed of. In addition,

goodwill must be tested for impairment after a portion of

goodwill has been allocated to a business to be disposed

of.

When testing the goodwill of a reporting unit13 for

impairment, an institution has the option of first assessing

qualitative factors to determine whether it is necessary to

13. For purposes of the discussions of goodwill impairment testing, the

qualitative assessment, and the quantitative impairment test, if a holding

company is a private company that has elected the goodwill accounting

alternative and also has elected to test goodwill for impairment at the entity

level, references to the reporting unit should be read as references to the

entity.

Glossary

FR Y-9C GL-51

Glossary June 2021
perform the two-step quantitative goodwill impairment

test described in ASC Subtopic 350-20. If determined to

be necessary, the twostep impairment test shall be used to

identify potential goodwill impairment and measure the

amount of a goodwill impairment loss to be recognized

(if any). However, an institution may choose to bypass

the qualitative assessment option for any reporting unit in

any period and proceed directly to performing the twostep quantitative goodwill impairment test described

below.

Qualitative Assessment - If an institution performs a

qualitative assessment and, after considering all relevant

events and circumstances, determines it is not more

likely than not that the fair value of a reporting unit is less

than its carrying amount (including goodwill), then the

institution does not need to perform the two-step quantitative goodwill impairment test. In other words, if it is

more likely than not that the fair value of a reporting unit

is greater than its carrying amount; an institution would

not have to quantitatively test the unit’s goodwill for

impairment. However, if the institution instead concludes

that the opposite is true (that is, it is more likely than not

that the fair value of a reporting unit is less than its

carrying amount), then it is required to perform the

two-step quantitative goodwill impairment test described

below.

ASC Subtopic 350-20 includes examples of events and

circumstances that an institution should consider in

evaluating whether it is more likely than not that the fair

value of a reporting unit is less than its carrying amount.

Because the examples are not all-inclusive, other relevant

events and circumstances also must be considered.

Quantitative Impairment Test -

• Step 1: The first step of the goodwill impairment test

compares the fair value of a reporting unit14 with its

carrying amount, including goodwill. If the carrying

amount of a reporting unit is greater than zero15 and its

fair value exceeds its carrying amount, the reporting

unit’s goodwill is considered not impaired and the

second step of the impairment test is unnecessary.

However, if the carrying amount of a reporting unit

exceeds its fair value, the second step of the goodwill

impairment test must be performed to measure the

amount of impairment loss, if any.

• Step 2: The second step of the goodwill impairment

test compares the implied fair value of the reporting

unit’s goodwill16 with the carrying amount of that

goodwill. If the implied fair value of the reporting

unit’s goodwill exceeds the carrying amount of that

goodwill, the goodwill is considered not impaired. In

contrast, if the carrying amount of the reporting unit’s

goodwill exceeds the implied fair value of that goodwill, an impairment loss must be recognized in earnings in an amount equal to that excess. The loss

recognized cannot exceed the carrying amount of the

reporting unit’s goodwill.

After an impairment loss is recognized on a reporting

unit’s goodwill, the adjusted carrying amount of that

goodwill (i.e., the carrying amount of the goodwill before

recognizing the impairment loss less the amount of the

impairment loss) shall be its new accounting basis.

Subsequent reversal of a previously recognized goodwill

impairment loss is prohibited once the measurement of

that loss is completed.

Disposal of a Reporting Unit or a Business - When a

reporting unit is to be disposed of in its entirety, goodwill

of that reporting unit (or a portion of the entity if the

institution is a private company that has elected the

goodwill accounting alternative and also has elected to

test goodwill for impairment at the entity level) must be

included in the carrying amount of the reporting unit

when determining the gain or loss on disposal. When a

portion of a reporting unit that constitutes a business is to

be disposed of, goodwill associated with that business

must be included in the carrying amount of the business

in determining the gain or loss on disposal. Otherwise, an

institution may not remove goodwill from its balance

sheet, for example, by “selling” or “dividending” this

asset to its parent holding company or another affiliate.

Accounting by Private Companies for Identifiable Intangible Assets Acquired in a Business Combination – ASC

14. The fair value of a reporting unit is the price that would be received

to sell the unit as a whole in an orderly transaction between market

participants at the measurement date.

15. An institution should refer ASC Subtopic 350-20 for guidance on

applying the quantitative impairment test if the carrying amount of a

reporting unit is zero or negative.

16. The implied fair value of goodwill should be determined in the

same manner as the amount of goodwill recognized in a business combination is determined. That is, an institution must assign the fair value of a

reporting unit to all of the assets and liabilities of that unit (including any

unrecognized intangible assets) as if the reporting unit had been acquired

in a business combination.

Glossary

GL-52 FR Y-9C

Glossary March 2016
Subtopic 805-20, Business Combinations – Identifiable

Assets and Liabilities, and Any Noncontrolling Interest,

provides an accounting alternative that permits a private

company, as defined in U.S. GAAP, to simplify the

accounting for certain intangible assets. This accounting

alternative applies when a private company is required to

recognize or otherwise consider the fair value of intangible assets as a result of certain transactions, including

when applying the acquisition method to a business

combination under ASC Topic 805. A private company

that elects the accounting alternative for identifiable

intangible assets should no longer recognize separately

from goodwill:

• Customer-related intangible assets unless they are

capable of being sold or licensed independently from

the other assets of a business, and

• Noncompetition agreements.

However, because mortgage servicing rights and core

deposit intangibles are regarded as capable of being sold

or licensed independently, a private company that elects

this accounting alternative must recognize these intangible assets separately from goodwill, initially measure

them at fair value, and subsequently measure them in

accordance with ASC Topic 350.

A private company that elects the accounting alternative

for identifiable intangible assets in ASC Subtopic 805-20

also must adopt the private company goodwill accounting alternative in ASC Subtopic 350-20, which is

described above in this Glossary entry. However, a

private company that elects the goodwill accounting

alternative in ASC Subtopic 350-20 is not required to

adopt the accounting alternative for identifiable intangible assets.

A private company’s decision to adopt the accounting

alternative for identifiable intangible assets must be made

upon the occurrence of the first business combination (or

other transaction within the scope of the alternative) in

fiscal years beginning after December 15, 2015. The

effective date of the private company’s decision to adopt

the accounting alternative for identifiable intangible

assets depends on the timing of that first transaction as

described in the applicable transition guidance in ASC

Subtopic 805-20.17 Customer-related intangible assets

and noncompetition agreements that exist as of the

beginning of the period of adoption should continue to be

accounted for separately from goodwill, i.e., such existing intangible assets should not be combined with goodwill.

If a holding company that is a private company issues

U.S. GAAP financial statements and adopts the accounting alternative for identifiable intangible assets, it should

apply this accounting alternative in its FR Y-9C report in

a manner consistent with its reporting of intangible assets

in its financial statements.

Hypothecated Deposit: A hypothecated deposit is the

aggregation of periodic payments on an installment contract received by a reporting institution in a state in

which, under law, such payments are not immediately

used to reduce the unpaid balance of the installment note,

but are accumulated until the sum of the payments equals

the entire amount of principal and interest on the contract, at which time the loan is considered paid in full. For

purposes of these reports, hypothecated deposits are to be

netted against the related loans. Deposits which simply

serve as collateral for loans are not considered hypothecated deposits for purposes of these reports.

See also: ‘‘Deposits.’’

IBF: See ‘‘International Banking Facility (IBF).’’

Income Taxes: All holding companies, regardless of

size, are required to report income taxes (federal, state

and local, and foreign) in the FR Y-9C on an accrual

basis. Note that, in almost all cases, applicable income

taxes as reported in Schedule HI on the Report of Income

for Holding Companies will differ from amounts reported

to taxing authorities. The applicable income tax expense

or benefit that is reflected in the Report of Income for

Holding Companies should include both taxes currently

paid or payable (or receivable) and deferred income

taxes. The following discussion of income taxes is based

on ASC Topic 740, Income Taxes.

17. If the first transaction occurs in the private company’s first fiscal

year beginning after December 15, 2015, the adoption of the accounting

alternative will be effective for that fiscal year’s annual financial reporting

period and all interim and annual periods thereafter. If the first transaction

occurs in a fiscal year beginning after December 15, 2016, the adoption of

the accounting alternative will be effective in the interim period that

includes the date of the transaction and subsequent interim and annual

periods thereafter. Early application of the intangibles accounting alternative is permitted for any annual or interim period for which a private

company’s financial statements have not yet been made available for

issuance.

Glossary

FR Y-9C GL-53

Glossary September 2020
Applicable income taxes in the year-end Report of

Income for Holding Companies shall be the sum of the

following:

(1) Taxes currently paid or payable (or receivable) for

the year determined from the holding company’s

federal, state, and local income tax returns for that

year. Since the holding company’s tax returns will

not normally be prepared until after the year-end FR

Y-9C has been completed, the holding company

must estimate the amount of the current income tax

liability (or receivable) that will ultimately be reported

on its tax returns. Estimation of this liability (or

receivable) may involve consultation with the holding company’s tax advisers, a review of the previous

year’s tax returns, the identification of significant

expected differences between items of income and

expense reflected on the Report of Income for Holding Companies and on the tax returns, and the

identification of expected tax credits.)

and

(2) Deferred income tax expense or benefit measured as

the change in the net deferred tax assets or liabilities

for the period reported. Deferred tax liabilities and

assets represent the amount by which taxes payable

(or receivable) are expected to increase or decrease in

the future as a result of ‘‘temporary differences’’ and

net operating loss or tax credit carryforwards that

exist at the reporting date.

The actual tax liability (or receivable) calculated on the

holding company’s tax returns may differ from the estimate reported as currently payable or receivable on the

year-end Report of Income for Holding Companies. An

amendment to the holding company’s year-end and subsequent FR Y-9Cs may be appropriate if the difference is

significant. Minor differences should be handled as accrual

adjustments to applicable income taxes in Reports of

Income during the year the differences are detected. The

reporting of applicable income taxes in the Report of

Income for Holding Companies for report dates other than

year-end is discussed below under ‘‘interim period applicable income taxes.’’

When determining the current and deferred income tax

assets and liabilities to be reported in any period, a holding

company’s income tax calculation contains an inherent

degree of uncertainty surrounding the realizability of the

tax positions included in the calculation. The term ‘‘tax

position’’ refers to a position in a previously filed tax

return or a position expected to be taken in a future tax

return that is reflected in measuring current or deferred

income tax assets and liabilities. A tax position can result

in a permanent reduction of income taxes payable, a

deferral of income taxes otherwise currently payable to

future years, or a change in the expected realizability of

deferred tax assets. For each tax position taken or expected

to be taken in a tax return, a holding company must

evaluate whether the tax position is more likely than not,

i.e., more than a 50 percent probability, to be sustained

upon examination by the appropriate taxing authority,

including resolution of any related appeals or litigation

processes, based on the technical merits of the position. In

evaluating whether a tax position has met the more-likelythan-not recognition threshold, a holding company should

presume that the taxing authority examining the position

will have full knowledge of all relevant information. A

holding company’s assessment of the technical merits of a

tax position should reflect consideration of all relevant

authoritative sources, e.g., tax legislation and statutes,

legislative intent, regulations, rulings, and case law, and

reflect the holding company’s determination of the applicability of these sources to the facts and circumstances of

the tax position. A holding company must evaluate each

tax position without consideration of the possibility of an

offset or aggregation with other positions. No tax benefit

can be recorded for a tax position that fails to meet the

more-likely-than-not recognition threshold.

Each tax position that meets the more-likely-than-not

recognition threshold should be measured to determine

the amount of benefit to recognize in the FR Y-9C. The

tax position is measured as the largest amount of tax

benefit that is greater than 50 percent likely of being

realized upon ultimate settlement with a taxing authority

that has full knowledge of all relevant information. When

measuring the tax benefit, a holding company must

consider the amounts and probabilities of the outcomes

that could be realized upon ultimate settlement using the

facts, circumstances, and information available at the

reporting date. A holding company may not use the

valuation allowance associated with any deferred tax

asset as a substitute for measuring this tax benefit or as an

offset to this amount.

If a holding company’s assessment of the merits of a tax

position subsequently changes, the holding company

should adjust the amount of tax benefit it has recognized

and accrue interest and penalties for any underpayment

Glossary

GL-54 FR Y-9C

Glossary March 2016
of taxes in accordance with the tax laws of each applicable jurisdiction. In this regard, a tax position that previously failed to meet the more-likely-than-not recognition

threshold should be recognized in the first subsequent

quarterly reporting period in which the threshold is met.

A previously recognized tax position that no longer

meets the more-likely-than-not recognition threshold

should be derecognized in the first subsequent quarterly

reporting period in which the threshold is no longer met.

Temporary differences result when events are recognized

in one period on the holding company’s books but are

recognized in another period on the holding company’s

tax return. These differences result in amounts of income

or expense being reported in the Report of Income for

Holding Companies in one period but in another period

in the tax returns. There are two types of temporary

differences. Deductible temporary differences reduce taxable income in future periods. Taxable temporary differences result in additional taxable income in future

periods.

For example, a holding company’s provision for loan and

lease losses is expensed for financial reporting purposes

in one period. However, for some holding companies,

this amount may not be deducted for tax purposes until

the loans are actually charged off in a subsequent period.

This deductible temporary difference ‘‘originates’’ when

the provision for loan and lease losses is recorded in the

financial statements and ‘‘turns around’’ or ‘‘reverses’’

when the loans are subsequently charged off, creating tax

deductions. Other deductible temporary differences

include writedowns of other real estate owned, the recognition of loan origination fees, and other postemployment

benefits expense.

Depreciation can result in a taxable temporary difference

if a holding company uses the straight-line method to

determine the amount of depreciation expense to be

reported in the Report of Income for Holding Companies

but uses an accelerated method for tax purposes. In the

early years, tax depreciation under the accelerated method

will typically be larger than book depreciation under the

straight-line method. During this period, a taxable temporary difference originates. Tax depreciation will be less

than book depreciation in the later years when the

temporary difference reverses. Therefore, in any given

year, the depreciation reported in the Report of Income

for Holding Companies will differ from that reported in

the holding company’s tax returns. However, total depreciation taken over the useful life of the asset will be the

same under either method. Other taxable temporary

differences include the undistributed earnings of unconsolidated subsidiaries and associated companies and

amounts funded to pension plans that exceed the recorded

expense.

Some events do not have tax consequences and therefore

do not give rise to temporary differences. Certain revenues are exempt from taxation and certain expenses are

not deductible. These events were previously known as

‘‘permanent differences.’’ Examples of such events (for

federal income tax purposes) are interest received on

certain obligations of states and political subdivisions in

the U.S., premiums paid on officers’ life insurance policies where the holding company is the beneficiary, and

70 percent of cash dividends received on the corporate

stock of domestic U.S. corporations owned less than 20

percent.

Deferred tax assets shall be calculated at the report date

by applying the ‘‘applicable tax rate’’ (defined below) to

the holding company’s total deductible temporary differences and operating loss carryforwards. A deferred tax

asset shall also be recorded for the amount of tax credit

carryforwards available to the holding company. Based

on the estimated realizability of the deferred tax asset, a

valuation allowance should be established to reduce the

recorded deferred tax asset to the amount that is considered ‘‘more likely than not’’ (i.e., greater than 50 percent

chance) to be realized.

Deferred tax liabilities should be calculated by applying

the ‘‘applicable tax rate’’ to total taxable temporary

differences at the report date.

Net operating loss carrybacks and carryforwards and tax

credit carryforwards–When a holding company’s deductions exceed its income for income tax purposes, it has

sustained a net operating loss. To the extent permitted

under a taxing authority’s laws and regulations, a net

operating loss that occurs in a year following periods

when the holding company had taxable income may be

carried back to recover income taxes previously paid.

The tax effects of any loss carrybacks that are realizable

through a refund of taxes previously paid is recognized in

the year the loss occurs. In this situation, the applicable

income taxes on the Report of Income for Holding

Companies will reflect a credit rather than an expense.

For tax years beginning before January 1, 2018, a holding

company may carry back operating losses for two years

Glossary

FR Y-9C GL-55

Glossary September 2018
for federal income tax purposes. However, in general, for

tax years beginning on or after January 1, 2018, a holding

company may no longer carry back operating losses to

recover taxes paid in prior tax years.

Generally, a net operating loss that occurs when loss

carrybacks are not available becomes a net operating loss

carryforward. For tax years beginning before January 1,

2018, a holding company may carry operating losses

forward 20 years for federal income tax purposes. For tax

years beginning on or after January 1, 2018, net operating

losses can be carried forward indefinitely for federal

income tax purposes; however, for net operating losses

arising in such tax years, the amount of loss that can be

carried forward and deducted in a particular year is

limited to 80 percent of a bank’s taxable income in that

year.

Tax credit carryforwards are tax credits which cannot be

used for tax purposes in the current year, but which can

be carried forward to reduce taxes payable in a future

period.

Deferred tax assets are recognized for net operating loss

and tax credit carryforwards just as they are for deductible temporary differences. As a result, a holding company can recognize the benefit of a net operating loss for

tax purposes or a tax credit carryforward to the extent the

holding company determines that a valuation allowance

is not considered necessary (i.e., if the realization of the

benefit is more likely than not).

Applicable tax rate–The income tax rate to be used in

determining deferred tax assets and liabilities is the rate

under current tax law that is expected to apply to taxable

income in the periods in which the deferred tax assets or

liabilities are expected to be realized or paid. For tax

years beginning on or after January 1, 2018, the federal

corporate tax rate is a flat 21 percent rate. This flat rate

replaced the graduated federal corporate tax rate structure

that applied in prior tax years. If a holding company is

subject to graduated tax rates and the holding company’s

income level is such that graduated tax rates are a

significant factor, then the holding company shall use the

average graduated tax rate applicable to the amount of

estimated taxable income in the period in which the

deferred tax asset or liability is expected to be realized or

settled. When the tax law changes, holding companies

shall determine the effect of the change, adjust the

deferred tax asset or liability and include the effect of the

change in Schedule HI, item 9, ‘‘Applicable income taxes

(foreign and domestic).’’

Valuation allowance–A valuation allowance must be

recorded, if needed, to reduce the amount of deferred tax

assets to an amount that is more likely than not to be

realized. Changes in the valuation allowance generally

shall be reported in Schedule HI, item 9, ‘‘Applicable

income taxes (foreign and domestic).’’ The following

discussion of the valuation allowance relates to the

allowance, if any, included in the amount of net deferred

tax assets or liabilities to be reported on the balance sheet

(Schedule HC) and in Schedule HC-F, item 2, or Schedule HC-G, item 2. This discussion does not address the

determination of the amount of deferred tax assets, if any,

that is disallowed for regulatory capital purposes and

reported in Schedule HC-R, Part I, items 8, 15.a, and 15.b,

as applicable; and, for advanced approaches holding

companies, item 16.

Holding companies must consider all available evidence,

both positive and negative, in assessing the need for a

valuation allowance. The future realization of deferred

tax assets ultimately depends on the existence of sufficient taxable income of the appropriate character in either

the carryback or carryforward period. Four sources of

taxable income may be available to realize the deferred

tax assets:

(1) Taxable income in carryback years (which can be

offset to recover taxes previously paid),

(2) Reversing taxable temporary differences,

(3) Future taxable income (exclusive of reversing temporary differences and carryforwards).

(4) Tax-planning strategies.

In general, positive evidence refers to the existence of

one or more of the four sources of taxable income. To the

extent evidence about one or more sources of income is

sufficient to support a conclusion that a valuation allowance is not necessary (i.e., the holding company can

conclude that the deferred tax asset is more likely than

not to be realized), other sources need not be considered.

However, if a valuation allowance is needed, each source

of income must be evaluated to determine the appropriate

amount of the allowance needed.

Evidence used in determining the valuation allowance

should be subject to objective verification. The weight

given to evidence when both positive and negative

Glossary

GL-56 FR Y-9C

Glossary September 2018
evidence exist should be consistent with the extent to

which it can be verified. Sources (1) and (2) listed above

are more susceptible to objective verification and, therefore, may provide sufficient evidence regardless of future

events.

The consideration of future taxable income (exclusive of

reversing temporary differences and carryforwards) as a

source for the realization of deferred tax assets will

require subjective estimates and judgments about future

events which may be less objectively verifiable.

Examples of negative evidence include:

• Cumulative losses in recent years.

• A history of operating loss or tax credit carryforwards

expiring unused.

• Losses expected in early future years by a presently

profitable holding company.

• Unsettled circumstances that, if unfavorably resolved,

would adversely affect future profit levels.

• A brief carryback or carryforward that would limit the

ability to realize the deferred tax asset.

Examples of positive evidence include:

• A strong earnings history exclusive of the loss that

created the future deductible amount (tax loss carryforward or deductible temporary difference) coupled with

evidence indicating that the loss is an aberration rather

than a continuing condition.

• Existing contracts that will generate significant income.

• An excess of appreciated asset value over the tax basis

of an entity’s net assets in an amount sufficient to

realize the deferred tax asset.

When realization of a holding company’s deferred tax

assets is dependent upon future taxable income, the reliability of a holding company’s projections is very important. The holding company’s record in achieving projected

results under an actual operating plan will be a strong

measure of this reliability. Other factors a holding company should consider in evaluating evidence about its

future profitability include but are not limited to current

and expected economic conditions, concentrations of

credit risk within specific industries and geographical

areas, historical levels and trends in past due and nonaccrual assets, historical levels and trends in loan loss

reserves, and the holding company’s interest rate sensitivity.

When strong negative evidence, such as the existence of

cumulative losses, exists, it is extremely difficult for a

holding company to determine that no valuation allowance is needed. Positive evidence of significant quality

and quantity would be required to counteract such negative evidence.

For purposes of determining the valuation allowance, a

tax-planning strategy is a prudent and feasible action that

would result in realization of deferred tax assets and that

management ordinarily might not take, but would do so to

prevent an operating loss or tax credit carryforward from

expiring unused. For example, a holding company could

accelerate taxable income to utilize carryforwards by

selling or securitizing loan portfolios, selling appreciated

securities, or restructuring nonperforming assets. Actions

that management would take in the normal course of

business are not considered tax-planning strategies.

Significant expenses to implement the tax-planning strategy and any significant losses that would result from

implementing the strategy shall be considered in determining any benefit to be realized from the tax-planning

strategy. Also, holding companies should consider all

possible consequences of any tax-planning strategies. For

example, loans pledged as collateral would not be available for sale.

The determination of whether a valuation allowance is

needed for deferred tax assets should be made for total

deferred tax assets, not for deferred tax assets net of

deferred tax liabilities. In addition, the evaluation should

be made on a jurisdiction-by-jurisdiction basis. Separate

analyses should be performed for amounts related to each

taxing authority (e.g., federal, state, and local).

Deferred tax assets (net of the valuation allowance) and

deferred tax liabilities related to a particular tax jurisdiction (e.g., federal, state, and local) may be offset against

each other for reporting purposes. A resulting debit

balance shall be included in ‘‘Other assets’’ and reported

in Schedule HC-F, item 2. A resulting credit balance shall

be included in ‘‘Other liabilities’’ and reported in Schedule HC-G, item 2. A holding company may report a net

deferred tax debit, or asset, for one tax jurisdiction (e.g.,

federal taxes) and also report a net deferred tax credit, or

liability, for another tax jurisdiction (e.g., state taxes).

Glossary

FR Y-9C GL-57

Glossary March 2015
Interim period applicable income taxes–When preparing

its year-to-date Report of Income for Holding Companies

as of the end of March, June, and September (‘‘interim

periods’’), a holding company generally should determine its best estimate of its effective annual tax rate for

the full year, including both current and deferred portions

and considering all tax jurisdictions (e.g., federal, state

and local). To arrive at its estimated effective annual tax

rate, a holding company should divide its estimated total

applicable income taxes (current and deferred) for the

year by its estimated pretax income for the year (excluding “discontinued operations”) This rate would then be

applied to the year-to-date pretax income to determine

the year- to-date applicable income taxes at the interim

date.

Intraperiod allocation of income taxes–When the

Report of Income for Holding Companies for a period

includes the results of “Discontinued operations” that

are reportable in Schedule HI, item 11, the total amount

of the applicable income taxes taxes for the year to date

shall be allocated in Schedule HI between item 9,

“Applicable income taxes (foreign and domestic),” and

item 11, “Discontinued operations, net of applicable

income taxes.”

The applicable income taxes on operating income (item

9) shall be the amount that the total applicable income

taxes on pretax income, including both current and

deferred taxes (calculated as described above), would

have been for the period had the results of “Discontinued

operations” been zero. The difference between item 9,

“Applicable income taxes (foreign and domestic),” and

the total amount of the applicable taxes shall then be

reflected in item 11 as applicable income taxes on

discontinued operations.

Tax calculations by tax jurisdiction–Separate calculations of income taxes, both current and deferred

amounts, are required for each tax jurisdiction. However, if the tax laws of the state and local jurisdictions

do not significantly differ from federal income tax laws,

then the calculation of deferred income tax expense can

be made in the aggregate. The holding company would

calculate both current and deferred tax expense considering the combination of federal, state and local income

tax rates. The rate used should consider whether

amounts paid in one jurisdiction are deductible in

another jurisdiction. For example, since state and local

taxes are deductible for federal purposes, the aggregate

combined rate would generally be (1) the federal tax

rate plus (2) the state and local tax rates minus (3) the

federal tax effect of the deductibility of the state and

local taxes at the federal tax rate.

Purchase business combinations–In purchase business

combinations (as described in the Glossary entry for

‘‘business combinations’’), holding companies shall recognize as a temporary difference the difference between

the tax basis of acquired assets or liabilities and the

amount of the purchase price allocated to the acquired

assets and liabilities (with certain exceptions specified

in ASC Topic 740). As a result, the acquired asset or

liability shall be recorded gross and a deferred tax asset

or liability shall be recorded for any resulting temporary difference.

In a purchase business combination, a deferred tax asset

shall generally be recognized at the date of acquisition

for deductible temporary differences and net operating

loss and tax credit carryforwards of either company in

the transaction, net of an appropriate valuation allowance. The determination of the valuation allowance

should consider any provisions in the tax law that may

restrict the use of an acquired company’s carryforwards.

Subsequent recognition (i.e., by elimination of the valuation allowance) of the benefit of deductible temporary

differences and net operating loss or tax credit carryforwards not recognized at the acquisition date will

depend on the source of the benefit. If the valuation

allowance relates to deductible temporary differences

and carryforwards of the acquiring company established

before the acquisition, then subsequent recognition is

reported as a reduction of income tax expense. If the

benefit is related to the acquired company’s deductible

temporary differences and carryforwards, then the benefit is subsequently recognized by first reducing any

goodwill related to the acquisition, then by reducing all

other noncurrent intangible assets related to the acquisition, and finally, by reducing income tax expense.

Alternative Minimum Tax18–Any taxes a holding company must pay in accordance with the alternative minimum tax (AMT) shall be included in the holding company’s current tax expense. Amounts of AMT paid can

18. The 2017 federal tax law known as the Tax Cuts and Jobs Act

eliminates the corporate AMT for tax years beginning on or after January

1, 2018. The law also provides for the use of existing AMT credits to offset

Glossary

GL-58 FR Y-9C

Glossary September 2018
be carried forward in certain instances to reduce the

holding company’s regular tax liability in future years.

The holding company may record a deferred tax asset for

the amount of the AMT credit carryforward, which shall

then be evaluated in the same manner as other deferred

tax assets to determine whether a valuation allowance is

needed.

Other tax effects–A holding company may have transactions or items that are reportable in Schedule HI-A of the

Report of Income for Holding Companies such as

‘‘Cumulative effect of changes in accounting principles

and corrections of material accounting errors,’’ and ‘‘Foreign currency translation adjustments’’ that are included

in ‘‘Other comprehensive income.’’ These transactions or

other items will enter into the determination of taxable

income in some year (not necessarily the current year),

but are not included in the pretax income reflected in

Schedule HI of the Report of Income for Holding Companies. They shall be reported in Schedule HI-A net of

related income tax effects. These effects may increase or

decrease the holding company’s total tax liability calculated on its tax returns for the current year or may be

deferred to one or more future periods.

For further information, see ASC Topic 740. The following table has been included to aid holding companies in

calculating their ‘‘applicable income taxes’’ for purposes

of the FR Y-9C. The table includes the tax rates in effect

for the years presented.

FEDERAL INCOME TAX RATES APPLICABLE

TO HOLDING COMPANIES

Year

First

$25,000

Second

$25,000

Third

$25,000

Fourth

$25,00

Over

$100,000

Capital

Gains

Alternative

Minimum

Tax

1993-

2010 15% 15% 25% 34% 19

Regular

tax rates 20%

Insurance Commissions: Insurance commissions generally represent remuneration paid by insurance underwriters to insurance agents and brokers for the sale of

insurance products. Companies also earn fees for generating insurance sales leads pursued by third-party insurance agents and by providing other services related to

selling and servicing insurance contracts and maintaining

separate accounts.

Insurance Premiums: Insurance premiums are the consideration paid by policyholders to insurance underwriters in exchange for the provision of defined future

benefits or for the indemnification against specified

insured losses. For further information, see ASC Topic

944, Financial Services-Insurance (formerly FASB Statement No. 60, Accounting and Reporting by Insurance

Enterprises, and FASB Statement No. 97, Accounting

and Reporting by Insurance Enterprises for Certain

Long-Duration Contracts and for Realized Gains and

Losses from the Sale of Investments).

Insurance Underwriting: Insurance underwriting is the

process whereby insurance companies assume risks (e.g.

that a death, sickness, casualty or other event) will occur,

for which premiums based upon underwriting standards

are charged.

Intangible Assets: See ‘‘Business combinations.’’

Interest-Bearing Account: See ‘‘Deposits.’’

Interest Capitalization: See ‘‘Capitalization of interest.’’

Internal-Use Computer Software: Guidance on the

accounting and reporting for the costs of internal-use

computer software is set forth in ASC Subtopic 350-40,

Intangibles-Goodwill and Other—Internal-Use Software.

A summary of this accounting guidance follows. For

further information, see ASC Subtopic 350-40. Internaluse computer software is software that meets both of the

following characteristics: (1) The software is acquired,

internally developed, or modified solely to meet the

holding company’s internal needs; and (2) During the

software’s development or modification, no substantive

plan exists or is being developed to market the software

externally.

ASC Subtopic 350-40 identifies three stages of

development for internal-use software: the preliminary

project stage, the application development stage, and the

post- implementation/operation stage. The processes that

occur during the preliminary project stage of software

development are the conceptual formulation of alternatives, the evaluation of the alternatives, the determination

of the existence of needed technology, and the final

selection of alternatives. The application development

a holding company’s regular tax liability for tax years beginning in 2018,

2019, and 2020, with any remaining AMT credit carryforwards fully

refundable in the tax year beginning in 2021.

19. A 39% tax rate applies to taxable income from $100,001 to

$335,000; a 34% tax rate applies to taxable income from $335,001 to

$10,000,000; a tax rate of 35% applies to taxable income from $10,000,001

to $15,000,000; a tax rate of 38% applies to taxable income from

$15,000,001 to $18,333,333; and a 35% tax rate applies to taxable income

over $18,333,333.

Glossary

FR Y-9C GL-59

Glossary September 2018
stage involves the design of the chosen path (including

software configuration and software interfaces), coding,

installation of software to hardware, and testing (including the parallel processing phase). Generally, training and

application maintenance occur during the postimplementation/operation stage. Upgrades of and

enhancements to existing internal-use software, i.e.,

modification to software that result in additional functionality, also go through the three aforementioned stages of

development.

Computer software costs that are incurred in the preliminary project stage should be expensed as incurred.

Internal and external costs incurred to develop internaluse software during the application development stage

should be capitalized. Capitalization of these costs should

begin once (a) the preliminary project stage is completed

and (b) management, with the relevant authority, implicitly or explicitly authorizes and commits to funding a

computer software project and it is probable that the

project will be completed and the software will be used to

perform the function intended. Capitalization should

cease no later than when a computer software project is

substantially complete and ready for its intended use, i.e.,

after all substantial testing is completed. Capitalized

internal-use computer software costs generally should be

amortized on a straight-line basis over the estimated

useful life of the software.

Only the following application development stage costs

should be capitalized: (1) External direct costs of materials and services consumed in developing or obtaining

internal-use software; (2) Payroll and payroll-related

costs for employees who are directly associated with and

who devote time to the internal-use computer software

project (to the extent of the time spent directly on the

project); and (3) Interest costs incurred when developing

internal-use software.

Costs to develop or obtain software that allows for access

or conversion of old data by new systems also should be

capitalized. Otherwise, data conversion costs should be

expensed as incurred. General and administrative costs

and overhead costs should not be capitalized as internaluse software costs. During the post-implementation/

operation stage, internal and external training costs and

maintenance costs should be expensed as incurred.

Impairment of capitalized internal-use computer software costs should be recognized and measured in accordance with ASC Topic 360, Property, Plant, and Equipment.

The costs of internally developed computer software to

be sold, leased, or otherwise marketed as a separate

product or process should be reported in accordance with

ASC Subtopic 985-20, Software – Costs of Software to

Be Sold, Leased or Marketed. If, after the development of

internal-use software is completed, a holding company

decides to market the software, proceeds received from

the license of the software, net of direct incremental

marketing costs, should be applied against the carrying

amount of the software.

International Banking Facility (IBF): General

definition—An International Banking Facility (IBF) is a

set of asset and liability accounts, segregated on the

books and records of the establishing entity, which reflect

international transactions. An IBF is established in accordance with the terms of Federal Reserve Regulation D

and after appropriate notification to the Federal Reserve.

The establishing entity may be a U.S. depository institution, a U.S. office of an Edge or Agreement corporation,

or a U.S. branch or agency of a foreign bank pursuant

to Federal Reserve Regulation D. An IBF is permitted

to hold only certain assets and liabilities. In general,

IBF accounts are limited, as specified in the paragraphs

below, to non-U.S. residents of foreign countries, residents of Puerto Rico and U.S. territories and possessions,

other IBFs, and U.S. and non-U.S. offices of the establishing entity.

Permissible IBF assets include extensions of credit to the

following:

(1) non-U.S. residents (including foreign branches of

other U.S. banks);

(2) other IBFs; and

(3) U.S. and non-U.S. offices of the establishing entity.

Credit may be extended to non-U.S. nonbank residents

only if the funds are used in their operations outside the

United States. IBFs may extend credit in the form of a

loan, deposit, placement, advance, security, or other

similar asset.

Permissible IBF liabilities include (as specified in Federal Reserve Regulation D) liabilities to non-U.S. nonbank residents only if such liabilities have a minimum

maturity or notice period of at least two business days.

IBF liabilities also may include overnight liabilities to:

(1) non-U.S. offices of other depository institutions and

of Edge or Agreement corporations;

Glossary

GL-60 FR Y-9C

Glossary September 2020
(2) non-U.S. offices of foreign banks;

(3) Foreign governments and official institutions;

(4) other IBFs; and

(5) the establishing entity.

IBF liabilities may be issued in the form of deposits,

borrowings, placements, and other similar instruments.

However, IBFs are prohibited from issuing negotiable

certificates of deposit, bankers acceptances, or other

negotiable or bearer instruments.

Treatment of the IBFs of bank subsidiaries of the holding

company on the Consolidated Financial Statements for

Holding Companies (FR Y-9C)—IBFs established by a

subsidiary of the holding company (e.g., by a bank

subsidiary or by its Edge or Agreement subsidiaries) are

to be consolidated in the FR Y-9C. In the consolidated

balance sheet (Schedule HC) and income statement

(Schedule HI), transactions between the IBFs of the bank

subsidiaries of the reporting holding company and

between these IBFs and other offices of the holding

company are to be eliminated. For purposes of these

reports, the IBFs of the holding companies’ banking

subsidiaries are to be treated as foreign offices where, in

the schedules, a distinction is made between foreign and

domestic offices of the reporting holding company.

Assets of the IBFs of the banking subsidiaries of the

reporting holding company should be reported in the

asset categories of the report by type of instrument and

customer, as appropriate. For example, IBFs are to report

their holdings of securities in Schedule HC, item 2, and

in the appropriate items of Schedule HC-B; their holdings of loans that the IBF has the intent and ability to

hold for the foreseeable future or until maturity or payoff

(including loans of immediately available funds that have

an original maturity of one business day or roll over

under a continuing contract that are not securities resale

agreements) in Schedule HC, item 4(b), and in the

appropriate items of Schedule HC-C; and securities

purchased under agreements to resell in Schedule HC,

item 3(b).

For purposes of these reports, all liabilities of the IBFs of

the banking subsidiaries of the reporting holding company to outside parties are classified under four headings:

(1) Securities sold under agreements to repurchase,

which are to be reported in Schedule HC, item 14(b);

(2) Borrowings of immediately available funds that have

an original maturity of one business day or roll over

under a continuing contract that are not securities

repurchase agreements, which are to be reported in

Schedule HC-M, item 14;

(3) Accrued liabilities, which are to be reported in

Schedule HC, item 20; and

(4) All other liabilities, including deposits, placements,

and borrowings, which are to be treated as deposit

liabilities in foreign offices and reported in Schedule

HC, item 13(b).

Treatment of transactions with IBFs of other depository

institutions—Transactions between the offices of the

reporting holding company and IBFs outside the scope of

the FR Y-9C are to be reported as transactions with

depository institutions in the U.S., as appropriate. (Note,

however, that only foreign offices of the holding company and IBFs of its banking subsidiaries are permitted to

have transactions with other IBFs.)

Investments in Common Stock of Unconsolidated

Subsidiaries: See the instruction to Schedule HC, item 8,

‘‘Investments in unconsolidated subsidiaries and associated companies.’’

Joint Venture: See ‘‘Subsidiaries.’’

Lease Accounting: A lease is an agreement that transfers

the right to use land, buildings, or equipment for a

specified period of time. This financing device is essentially an extension of credit evidenced by an obligation

between a lessee and a lessor.

Since the creation of the ASC by the FASB, standards for

lease accounting have been set forth in ASC Topic 840,

Leases. In February 2016, the FASB issued ASU

No. 2016-02, “Leases,” which added ASC Topic 842,

Leases. FASB has since issued various codification

improvements for leases in ASU 2018-10, “Codification

Improvements to Topic 842, Leases”; ASU 2018-11,

“Leases (Topic 842): Targeted Improvements”; ASU

2018-20, “Leases (Topic 842): Narrow-Scope Improvements for Lessors”; and ASU 2019-01, “Leases

(Topic 842): Codification Improvements”; hereafter

referred to collectively as the “Standard” or ASC

Topic 842. Upon an institution’s adoption of the Standard, based on the effective dates below, ASC Topic 842

supersedes ASC Topic 840, Leases. Accordingly, holding

companies that are required to adopt or have elected to

Glossary

FR Y-9C GL-61

Glossary September 2020
early adopt ASC Topic 842 should follow the guidance in

that section of this Glossary entry.

For holding companies that are public business entities as

defined in U.S. GAAP, ASC Topic 842 is effective for

fiscal years beginning after December 15, 2018, including interim reporting periods within those fiscal years.

Thus, for holding companies that are public business

entities, ASC Topic 842 is currently in effect. (For further

information, see the Glossary entry for “public business

entity.”) For holding companies that are not public

business entities, the FASB issued ASU 2020-05, “Effective Dates for Certain Entities,” on June 3, 2020, to defer

the effective date of ASC Topic 842 by one year. As

amended by ASU 2020-05, ASC Topic 842 will take

effect for entities that are not public business entities for

fiscal years beginning after December 15, 2021, and

interim reporting periods within fiscal years beginning

after December 15, 2022. Early application of the Standard is permitted for all holding companies. A holding

company that early adopts the Standard must apply it in

its entirety to all lease-related transactions. If a holding

company chooses to early adopt the Standard for financial reporting purposes, the holding company should

implement the new Standard in its FR Y-9C for the same

quarter-end report date. ASC Topic 842 does not fundamentally change the lessor accounting in ASC Topic 840;

however, ASC Topic 842 aligns terminology between

lessee and lessor accounting and brings key aspects of

lessor accounting into alignment with the FASB’s new

revenue recognition guidance in ASC Topic 606, Revenue from Contracts with Customers. As a result, the

classification difference between direct financing leases

and sales-type leases for lessors in ASC Topic 840 moves

from a risk-and-rewards principle to a transfer-of-control

principle. There is no longer a distinction in the treatment

of real estate and non-real estate leases by lessors in ASC

Topic 842.

The most significant change that ASC Topic 842 makes,

upon its adoption by an institution, is to lessee accounting. Under the predecessor accounting standard (ASC

Topic 840), lessees recognize lease assets and lease

liabilities on the balance sheet for capital leases, but do

not recognize operating leases on the balance sheet. ASC

Topic 842 instead requires institutions that lease premises

and other fixed assets as lessees to recognize a right-ofuse (ROU) asset and a lease liability on its balance sheet

for most operating leases. When preparing to implement

ASC Topic 842, holding companies will need to analyze

their existing lease contracts to determine the cumulativeeffect adjustment and other balance sheet entries to

record as of the effective date of the adoption of ASC

Topic 842.

Accounting for Leases under ASC Topic 840 This

section of this Glossary entry applies to holding companies that have not adopted ASC Topic 842. For institutions that have adopted ASC Topic 842, Leases, this

section is no longer applicable. Refer to the “Accounting

for Leases under ASC Topic 842” section below.

Accounting and Reporting by a Holding Company as

Lessee—Any lease entered into by a lessee holding

company or its consolidated subsidiaries that are on an

accrual basis of accounting shall be accounted for as a

property acquisition financed with a debt obligation. The

property shall be amortized according to the holding

company’s normal depreciation policy (except, if appropriate, the amortization period shall be the lease term)

unless the lease involves land only. The interest expense

portion of each lease payment shall be calculated to result

in a constant rate of interest on the balance of the debt

obligation. In the FR Y-9C, the property ‘‘asset’’ is to be

reported in Schedule HC, item 6, “Premises and fixed

assets,” and the liability for capitalized leases in Schedule HC, item 16, ‘‘Other borrowed money.’’ In the

income statement, the interest expense portion of the

capital lease payments is to be reported in Schedule HI,

item 2(c), “Interest on trading liabilities and other borrowed money,” and in Schedule HC-M, item 23.b,

“Amount of “Other borrowings” that are secured.” and

the amortization expense on the asset is to be reported in

Schedule HI, item 7(b), ‘‘Expenses of premises and fixed

assets.’’ If any one of the following criteria is met, a lease

must be accounted for as a capital lease:

(1) Ownership of the property is transferred to the lessee

at the end of the lease term, or

(2) The lease contains a bargain purchase option, or

(3) The lease term represents at least 75 percent of the

estimated economic life of the leased property, or

(4) The present value of the minimum lease payments at

the beginning of the lease term is 90 percent or more

of the fair value of the leased property to the lessor at

the inception of the lease less any related investment

tax credit retained by and expected to be realized by

the lessor.

Glossary

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Glossary September 2020
If none of the above criteria is met, the lease should be

accounted for as an operating lease. Rental payments

should be charged to expense over the term of the

operating lease as they become payable.

NOTE: If a lease involves land only, the lease must be

capitalized if either of the first two criteria above is met.

Where a lease that involves land and building meets

either of these two criteria, the land and building must be

separately capitalized by the lessee. The accounting for a

lease involving land and building that meets neither of

the first two criteria should conform to the standards

prescribed by ASC Topic 840.

Accounting for Sales with Leasebacks—Sale–leaseback

transactions involve the sale of property by the owner

and a lease of the property back to the seller. If a holding

company sells premises or fixed assets and leases back

the property, the lease shall be treated as a capital lease if

it meets any one of the four criteria above for capitalization. Otherwise, the lease shall be accounted for as an

operating lease.

As a general rule, the holding company shall defer any

gain resulting from the sale. For capital leases, this

deferred gain is amortized in proportion to the depreciation taken on the leased asset. For operating leases, the

deferred gain is amortized in proportion to the rental

payments the holding company will make over the lease

term. The unamortized deferred gain is to be reported in

‘‘Other liabilities.’’ (Exceptions to the general rule on

deferral which permit full or partial recognition of a gain

at the time of the sale may occur if the leaseback covers

less than substantially all of the property that was sold or

if the total gain exceeds the minimum lease payments.)

If the fair value of the property at the time of the sale is

less than the book value of the property, the difference

between these two amounts shall be recognized as a loss

immediately. In this case, if the sales price is less than the

fair value of the property, the additional loss shall be

deferred since it is in substance a prepayment of rent.

Similarly, if the fair value of the property sold is greater

than its book value, any loss on the sale shall also be

deferred. Deferred losses shall be amortized in the same

manner as deferred gains as described above.

For further information, see ASC Subtopic 840-40,

Leases – Sale-Leaseback Transactions.

Accounting and Reporting by a Holding Company as

Lessor—Unless a long-term creditor is also involved in

the transaction, a lease entered into by a lessor holding

company or its consolidated subsidiaries on an accrual

accounting basis that meets one of the four criteria above

for a capital lease plus two additional criteria (as defined

below) shall be treated as a direct financing lease. After

initial direct costs have been deducted, the unearned

income (minimum lease payments plus estimated residual

value less the cost of the leased property) shall be

amortized to income over the lease term in a manner

which produces a constant rate of return on the net

investment (minimum lease payments plus estimated

residual value less unearned income). Other methods of

income recognition may be used if the results are not

materially different.

The following two additional criteria must be met for a

lease to be classified as a direct financing lease:

(1) Collectability of the minimum lease payments is

reasonably predictable.

(2) No important uncertainties surround the amount of

unreimbursable costs yet to be incurred by the lessor

under the lease.

When a lessor holding company or its consolidated

subsidiaries on an accrual basis of accounting enters into

a lease that has all the characteristics of a direct financing

lease but where a long-term creditor provides nonrecourse financing to the lessor, the transaction shall be

accounted for as a leveraged lease. The lessor’s net

investment in a leveraged lease shall be recorded in a

manner similar to that for a direct financing lease but net

of the principal and interest on the nonrecourse debt.

Based on a projected cash flow analysis for the lease

term, unearned and deferred income shall be amortized to

income at a constant rate only in those years of the lease

term in which the net investment is positive. In the years

in which the net investment is not positive, no income is

to be recognized on the leveraged lease.

If a lease is neither a direct financing lease nor a

leveraged lease, the lessor holding company or its consolidated subsidiaries shall account for it as an operating

lease. The leased property shall be reported as ‘‘Other

assets’’ and depreciated in accordance with the holding

company’s normal policy. Rental payments are generally

credited to income over the term of an operating lease as

they become receivable.

Accounting for Leases under ASC Topic 842

This section of this Glossary entry applies to holding

companies that have adopted ASC Topic 842. Holding

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FR Y-9C GL-63

Glossary September 2020
companies that have not adopted ASC Topic 842 should

continue to refer to the “Accounting for Leases under

ASC Topic 840” section above.

Lease Term - The Standard defines lease term as the

noncancellable period for which a lessee has the right to

use an underlying asset, together with all of the following:

(1) Periods covered by an option to extend the lease if

the lessee is reasonably certain to exercise that

option;

(2) Periods covered by an option to terminate the lease if

the lessee is reasonably certain not to exercise that

option; and

(3) Periods covered by an option to extend (or not to

terminate) the lease in which exercise of the option is

controlled by the lessor.

Reasonable certainty is based on an assessment of factors

at the commencement date of the lease that would create

an economic incentive for the lessee either to exercise or

not exercise an option to extend, terminate, or purchase.

The commencement date of the lease is the date on which

the lessor makes the underlying asset available for use by

the lessee. Examples of factors that could create economic incentives that should be considered include (1) a

lease renewal option priced below market rates and

(2) significant leasehold improvements that would be

impaired, business interruption costs, and relocation costs

if the lease term were not extended. For additional

information on the lease term, reasonable certainty, and

commencement date, refer to ASC Topic 842.

Accounting and Reporting by an institution as Lessee

- ASC Topic 842 distinguishes between an operating

lease and a finance lease (formerly classified as a capital

lease under ASC Topic 840). The Standard requires all

lessees to report an ROU asset and a lease liability on the

balance sheet for most operating and finance leases. The

ROU asset reflects the lessee’s control over the leased

item’s economic benefits during the lease term.

While most leases will be reported on a lessee’s balance

sheet, the Standard permits a lessee to make an accounting policy election to exempt leases from balance sheet

recognition as long as the lease, as of its commencement

date, has a lease term, as defined above, of 12 months or

less and does not include an option to purchase the

underlying asset that the lessee is reasonably certain to

exercise. This accounting policy election for short-term

leases must be made by class of underlying asset.

In the FR Y-9C report, ROU assets for operating leases

and finance leases should be reported in Schedule HC,

item 6, “Premises and fixed assets.” Lease liabilities for

finance leases should be reported in Schedule HC-M,

items 14.c, “Other borrowings,” and 23.b, “Amount of

′Other borrowings’ that are secured.” Lease liabilities for

operating leases should be reported in Schedule HC-G,

item 4, “All other liabilities.”

In the FR Y-9C report, the interest expense on lease

liabilities for finance leases (measured using the effective

interest method) should be reported in Schedule HI,

item 2.c, “Interest on trading liabilities and other borrowed money.” The amortization expense (typically

straight-line) on the ROU asset for a finance lease should

be reported in Schedule HI, item 7.b, “Expenses of

premises and fixed assets.” The ROU asset for a finance

lease generally should be amortized on a straight-line

basis from the commencement date of the lease to the

earlier of the end of the useful life of the ROU asset or the

end of the lease term.

In the FR Y-9C report, operating lease expenses are to be

reported in Schedule HI, item 7.b, “Expenses of premises

and fixed assets,” as a single lease cost calculated so that

this cost (i.e., the interest on the lease liability and the

amortization of the ROU asset) is allocated over the lease

term, generally on a straight-line basis.

Lease Classification—Lessee - A lessee classifies a

lease as a finance lease20 when the terms of the lease

effectively transfer control of the underlying asset and the

substance of the transaction is reflective of a sale. This

occurs when any of the following five criteria are met:

(1) The lease transfers ownership of the underlying asset

to the lessee by the end of the lease term.

(2) The lease grants the lessee an option to purchase the

underlying asset that the lessee is reasonably certain

to exercise.

(3) The lease term is for the major part of the remaining

economic life of the underlying asset. However, if the

commencement date of the lease falls at or near the

20. ASC Topic 842 requires that land be considered a separate lease

component in a contract involving land and other assets, unless the effect

of separately accounting for the land portion of the contract is insignificant.

Glossary

GL-64 FR Y-9C

Glossary September 2020
end of the economic life of the underlying asset, this

criterion shall not be used for the purpose of classifying the lease.

(4) The present value of the sum of the lease payments,

as defined in ASC Topic 842, and any residual value

guaranteed by the lessee that is not already reflected

in the lease payments equals or exceeds substantially

all of the fair value of the underlying asset.

(5) The underlying asset is such a specialized nature that

it is expected to have no alternative use to the lessor

at the end of the lease term.

If none of the finance lease criteria are met and the lease

is not a short-term lease for which the holding company

has elected the short-term lease policy election, the lease

is classified as an operating lease.

Lease Measurement - Lessee - The determination of

whether a contract is or contains a lease is performed at

its inception (the date the contract is agreed upon) and is

reassessed only if the terms and conditions of the contract

are changed. The classification and measurement of a

lease are determined at the commencement date of the

lease.

At the commencement date, the ROU asset consists of:

(1) The amount of the initial measurement of the lease

liability;

(2) Any lease payments made to the lessor at or before

the commencement date, minus any lease incentives

received; and

(3) Any initial direct costs incurred by the lessee.

At the commencement date, the lease liability equals the

present value of the lease payments not yet paid, discounted using the discount rate for the lease.21 The lease

payments consist of:

(1) Fixed lease payments, less any lease incentives payable to the lessee;

(2) Variable lease payments tied to an index or a rate,

measured using the index or rate at lease commencement;

(3) The exercise price of an option to purchase the leased

asset, if that option is reasonably certain of being

exercised;

(4) Payments for penalties to terminate the lease, if it is

reasonably certain that such penalties will be incurred;

(5) Fees owed by the lessee to the owners of a specialpurposes entity for structuring the transaction; and

(6) Amounts probable of being owed by the lessee under

residual value guarantees.

Regulatory Capital Treatment of Leases for a Lessee –

To the extent an ROU asset arises due to a lessee’s lease

of a tangible asset (e.g., building or equipment), the

lessee institution should treat the ROU asset as a tangible

asset not subject to deduction from regulatory capital.

ROU assets must be risk weighted at 100 percent in

accordance with the agencies’ regulatory capital rules

and included in the lessee institution’s calculation of total

risk-weighted assets, except for an institution subject to

the community bank leverage ratio (CBLR) framework.

In addition, the lessee institution should include its ROU

assets in its total assets for leverage ratio calculation

purposes.

Accounting and Reporting by an Institution as Lessor

– ASC Topic 842 does not significantly change the

lessor’s accounting under ASC Topic 840. ASC Topic 842

clarifies that, for sales-type and direct financing leases,

the lessor assesses its net investment in the lease (described

below under “Lease Measurement – Lessor”) for impairment under ASC Topic 310, Receivables, or ASC Subtopic 326-20, Financial Instruments – Credit Losses –

Measured at Amortized Cost, as applicable.22 Operating

lease assets remain on the lessor’s balance sheet and shall

be assessed for impairment under ASC Topic 360, Property, Plant, and Equipment.

In the FR Y-9C report, the lessor should report the net

investment in the lease in Schedule HC-C, Part I, item 10,

“Lease financing receivables.” In the FR Y-9C Report of

Income, the income on the lease should be reported in

21. As defined in ASC Topic 842, the discount rate for the lease for a

lessee is the rate implicit in the lease (see the footnote in the “Lease

Measurement – Lessor – Sales-Type and Direct Financing Leases” section

below) unless that rate cannot be readily determined, in which case the

lessee is required to use its incremental borrowing rate. The lessee’s

incremental borrowing rate is the rate of interest that the lessee would have

to pay to borrow on a collateralized basis over a similar term an amount

equal to the lease payments in a similar economic environment.

22. The guidance in ASC Subtopic 326-20, which introduces the current expected credit losses methodology (CECL), should be applied to the

net investment in the lease once this Subtopic is adopted.

Glossary

FR Y-9C GL-65

Glossary September 2020
Schedule HI, item 1.b, “Income from lease financing

receivables.”

For operating leases, the lessor shall depreciate the leased

property in accordance with the institution’s normal

policy and reports the property (net of depreciation) in

Schedule HC-F, item 6, “All other assets.” Rental income

is reported in Schedule HI, item 5.l, “Other noninterest

income,” over the term of an operating lease.

Lease Classification – Lessor – Accounting by an

institution as a lessor results in classifying a lease as a

sales-type, direct financing, or operating lease based on

an assessment of the criteria described in the following

paragraphs at the commencement date of the lease.

A lessor classifies a lease as a sales-type lease if any one

of the five criteria described above under “Lease Classification – Lessee” is met, subject to the clarification of

criterion (4) described below. Otherwise, the lessor is

required to assess whether the lease is a direct financing

lease or an operating lease.

A lease that does not meet any of the five criteria for a

sales-type lease, but meets the following two criteria,

shall be classified as a direct financing lease.

(1) The present value of the sum of the lease payments

and any residual value guaranteed by the lessee that

is not already reflected in the lease payments and/or

any other third party unrelated to the lessor equals or

exceeds substantially all of the fair value of the

underlying asset; and

(2) It is probable that the lessor will collect the lease

payments plus any amount necessary to satisfy a

residual value guarantee.

If a lease does not meet the criteria for a sales-type or a

direct financing lease, the lessor institution shall account

for the lease as an operating lease.

For purposes of assessing criterion (4) above under

“Lease Classification – Lessee” for a sales-type lease and

criterion (1) above for a direct financing lease, the

codification improvements in ASU 2019-01 clarified

that, for a lessor that is not a manufacturer or a dealer

(e.g., a financial institution), the fair value of the underlying asset at lease commencement is ordinarily its cost,

reflecting any volume or trade discounts that may apply,

instead of fair value as defined in ASC Topic 820, Fair

Value Measurement. However, if significant time lapses

between the acquisition of the underlying asset and lease

commencement, a lessor institution is required to apply

the definition of fair value in ASC Topic 820.

Lease Measurement – Lessor – Sales-Type and Direct

Financing Leases – At the commencement date of the

lease, the net investment in a sales-type or a direct

financing lease is measured at the present value of the

following amounts, discounted using the rate implicit in

the lease:

(1) The lease payments not yet received by the lessor;

(2) The amount the lessor expects to derive from the

underlying asset following the end of the lease term

that is guaranteed by the lessee or any other third

party unrelated to the lessor; and

(3) The amount the lessor expects to derive from the

underlying asset following the end of the lease term

that is not guaranteed by the lessee or any other third

party unrelated to the lessor (i.e., the unguaranteed

residual asset).

In a direct financing lease, selling profit, if any, and initial

direct costs are deferred at the commencement date and

included in the net investment in the lease, but any selling

loss arising from the lease must be recognized. When no

selling profit or loss is recognized in a sales-type lease,

initial direct costs are deferred at the commencement date

and recognized over the lease term as part of the net

investment in the lease.

In addition, at the lease commencement date, the lessor

should derecognize the carrying amount of the underlying asset (if previously recognized) unless the lease is a

sales-type lease and collectibility of the lease payments is

not probable as discussed below.

Collectibility – Lessor – Sales-Type and Direct Financing Leases – In recording either a sales-type lease or a

direct financing lease, the collectibility of amounts due

under the lease, including any amount necessary to

satisfy a residual value guarantee, must be probable at the

lease commencement date. If collectibility is not probable, a lease that would otherwise be classified as a direct

financing lease should be accounted for as an operating

lease. For a sales-type lease, if collectibility of amounts

due under the lease is not probable at the lease commencement date, the institution, as lessor, should neither

derecognize the underlying asset nor recognize the net

investment in the lease. Instead, the institution, as lessor,

should recognize lease payments received as a liability

until the earliest of the following:

Glossary

GL-66 FR Y-9C

Glossary September 2020
(1) The collectibility of amounts due under the lease

becomes probable; or

(2) The contract has been terminated and the lease

payments received are nonrefundable; or

(3) The institution, as lessor, has repossessed the leased

asset, it has no further obligation under the lease to

the lessee, and the lease payments received are

nonrefundable.

In a sales-type lease, any selling profit or loss arising

from the lease is recognized in full and initial direct costs

generally are expensed by the lessor at the commencement date unless there is no selling profit or loss to be

recognized or collectibility of amounts due under the

lease is not probable.

Operating Lease - Lessor - In an operating lease, the

leased asset remains on the lessor’s balance sheet and

continues to be depreciated over its estimated useful life.

The lessor defers initial direct costs at the commencement date of the lease. The lease payments and initial

direct costs generally are recognized in income and

expense, respectively, over the lease term on a straightline basis, or on another systematic and rational basis if it

is more representative of the pattern in which benefit is

expected to be derived from (i.e., income is earned from)

the use of the underlying asset. Other methods of income

recognition may be used if the results are not materially

different. The lessor is required to use the guidance in

ASC Topic 842 to assess the probability of collection of

the lease payments from a lessee at, as well as after, the

lease commencement date. A lessor may elect to supplement the guidance in ASC Topic 842 with the portfolio

allowance approach in ASC Subtopic 450-20, Contingencies – Loss Contingencies.

Leveraged Leases – Leveraged leases no longer exist

under ASC Topic 842. The Standard grandfathers the

ASC Topic 840 accounting treatment for leveraged leases

existing on the date of adoption of ASC Topic 842.

However, lessors are required to follow the criteria in

ASC Topic 842 when classifying and accounting for any

grandfathered leveraged leases modified after the date of

adoption of the Standard.

Sale and Leaseback Transactions – In a sale and

leaseback transaction, the seller-lessee sells an asset it

owns to the buyer-lessor and leases back all or a portion

of the same asset for all or a portion of the asset’s

remaining economic life. For the transfer of an asset in a

sale and leaseback transaction to qualify for sale treatment, ASC Topic 842 requires certain criteria within

ASC Topic 606 to be met. In general, under ASC

Topic 606, an institution is required to determine whether

a contract exists (within the meaning of ASC Topic 606)

and whether the seller-lessee has satisfied its performance obligations by transferring control of the asset to

the buyer-lessor.

These criteria also require, among other things, that a

contract with a related party have commercial substance

(that is, the risk, timing, or amount of the seller-lessee’s

future cash flows is expected to change as a result of the

contract). Related party contracts that lack commercial

substance will not qualify for sale treatment in sale and

leaseback transactions.

An option for the seller-lessee to repurchase the asset

would preclude accounting for the transfer of the asset as

a sale unless both of the following criteria are met:

(1) The exercise price of the option is the fair value of

the asset at the time the option is exercised; and

(2) There are alternative assets, substantially the same as

the transferred asset, readily available in the marketplace.

However, if the contract for the asset transfer contains a

repurchase option and the leased asset is real estate,

control of the asset has not been transferred to the

buyer-lessor and therefore the transaction is not expected

to meet the criteria necessary under ASC Topic 606 to

recognize a sale. Additionally, if the leaseback is a

finance lease for the seller-lessee, control has not been

transferred, and thus there is no sale.

The classification of a lease can also impact whether a

sale has occurred for accounting purposes. In the event a

leaseback is classified as a finance lease by the sellerlessee, or a sales-type lease by the buyer-lessor, then a

sale has not occurred since a finance lease is essentially

the purchase of an asset and a sales-type lease is essentially a sale of an asset. As such, the transaction would be

considered a failed sale and leaseback transaction.

If the transaction qualifies as a sale in accordance with

ASC Topic 606 and the transaction would not be considered a failed sale and leaseback, any gain or loss on the

sale is recognized immediately. If the transaction would

not meet the criteria for a sale under ASC Topic 606, or

when the leaseback would not be classified as an operating lease by the seller-lessee (i.e., would be a failed sale

Glossary

FR Y-9C GL-67

Glossary September 2020
and leaseback), the transaction would be accounted for as

a financing arrangement by the seller-lessee and a lending transaction by the buyer-lessor. The seller-lessee

would not derecognize the transferred asset and would

continue to depreciate the asset as if it were the legal

owner. Any sales proceeds received by the seller-lessee

would be reported as a liability.

Letter of Credit: A letter of credit is a document issued

by a holding company or its consolidated subsidiaries

(generally a banking subsidiary) on behalf of its customer

(the account party) authorizing a third party (the beneficiary), or in special cases the account party, to draw

drafts on the holding company or its consolidated subsidiary up to a stipulated amount and with specified terms

and conditions. The letter of credit is a conditional

commitment (except when prepaid by the account party)

on the part of the consolidated holding company to

provide payment on drafts drawn in accordance with the

terms of the document.

As a matter of sound practice, letters of credit should:

(1) be conspicuously labeled as a letter of credit;

(2) contain a specified expiration date or be for a definite

term;

(3) be limited in amount;

(4) call upon the issuing holding company or its issuing

consolidated subsidiaries to pay only upon the presentation of a draft or other documents as specified in

the letter of credit and not require the issuing holding

company or consolidated subsidiaries to make determinations of fact or law at issue between the account

party and the beneficiary; and

(5) be issued only subject to an agreement between the

account party and the issuing holding company or its

consolidated subsidiaries which establishes the

unqualified obligation of the account party to reimburse the issuing holding company or its consolidated subsidiaries for all payments made under the

letter of credit.

There are four basic types of letters of credit:

(1) commercial letters of credit,

(2) letters of credit sold for cash,

(3) travelers’ letters of credit, and

(4) standby letters of credit, each of which is discussed

separately below.

A commercial letter of credit is issued specifically to

facilitate trade or commerce. Under the terms of a

commercial letter of credit, as a general rule, drafts will

be drawn when the underlying transaction is consummated as intended.

A letter of credit sold for cash is a letter of credit for which

the holding company or a consolidated subsidiary has

received funds from the account party at the time of

issuance. This type of letter of credit is not to be reported

as an outstanding letter of credit but as a demand deposit.

These letters are considered to have been sold for cash

even though the consolidated holding company may have

advanced funds to the account party for the purchase of

such letters of credit on a secured or unsecured basis.

A travelers’ letter of credit is issued to facilitate travel.

This letter of credit is addressed by the holding company

or its consolidated subsidiaries to its correspondents authorizing the correspondents to honor drafts drawn by the

person named in the letter of credit in accordance with

specified terms. These letters are generally sold for cash.

A standby letter of credit is a letter of credit or similar

arrangement that:

(1) represents an obligation on the part of the issuing

holding company or a consolidated subsidiary to a

designated third party (the beneficiary) contingent

upon the failure of the issuing consolidated holding

company’s customer (the account party) to perform

under the terms of the underlying contract with the

beneficiary, or

(2) obligates the holding company or a consolidated

subsidiary to guarantee or stand as surety for the

benefit of a third party to the extent permitted by law

or regulation.

The underlying contract may entail either financial or

nonfinancial undertakings of the account party with the

beneficiary. The underlying contract may involve such

things as the customer’s payment of commercial paper,

delivery of merchandise, completion of a construction

contract, release of maritime liens, or repayment of the

account party’s obligations to the beneficiary. Under the

terms of a standby letter, as a general rule, drafts will be

drawn only when the underlying event fails to occur as

intended.

Glossary

GL-68 FR Y-9C

Glossary September 2020
Limited-Life Preferred Stock: See “Preferred stock.”

Loan: For purposes of this report, a loan is generally an

extension of credit resulting from direct negotiations

between a lender and a borrower. The reporting holding

company or its consolidated subsidiaries may originate a

loan by directly negotiating with a borrower or it may

purchase a loan or a portion of a loan originated by

another lender that directly negotiated with a borrower.

The reporting holding company or its subsidiaries may

also sell a loan or a portion of a loan, regardless of the

method by which it acquired the loan.

Loans may take the form of promissory notes, acknowledgments of advance, due bills, invoices, overdrafts,

acceptances, and similar written or oral obligations.

Among the extensions of credit reportable as loans in

Schedule HC-C, which covers both loans held for sale

and loans that the reporting holding company has the

intent and ability to hold for the foreseeable future or

until maturity or payoff, are:

(1) acceptances of banks that are not consolidated subsidiaries for the reporting holding company’s FR

Y-9C;

(2) acceptances executed by or for the account of a

subsidiary bank of the reporting holding company

and subsequently acquired by the consolidated holding company through purchase or discount;

(3) customers’ liability to a bank subsidiary of the

reporting holding company on drafts paid under

letters of credit for which the bank subsidiary of the

reporting holding company has not been reimbursed;

(4) ‘‘advances’’ and commodity or bill-of-lading drafts

payable upon arrival of goods against which drawn,

for which a bank subsidiary of the reporting holding

company has given deposit credit to customers;

(5) paper pledged by the holding company or by its consolidated subsidiaries whether for collateral to secure

bills payable (e.g., margin collateral to secure bills

rediscounted) or for any other purpose;

(6) sales of ‘‘term federal funds’’ (i.e., sales of immediately available funds with a maturity of more than

one business day), other than those involving security resale agreements;

(7) factored accounts receivable;

(8) loans arising out of the purchase of assets (other than

securities) under resale agreements with a maturity of

more than one business day if the agreement requires

the holding company to resell the identical asset

purchased; or

(9) participations (acquired or held) in a single loan or

in a pool of loans or receivables (see discussion in the

Glossary entry for “Transfers of Financial Assets”).

Loan acceptances and commercial paper, held in a trading account are to be reported in Schedule HC, item 5,

“Trading assets.”

See also “Loan secured by real estate,” “Overdraft,” and

“Sale of assets.”

Loan Fees: The accounting standards for nonrefundable

fees and costs associated with lending, committing to

lend, and purchasing a loan or group of loans are set forth

in ASC Subtopic 310-20, Receivables – Nonrefundable

Fees and Other Costs, a summary of which follows. The

statement applies to all types of loans as well as to debt

securities (but not to loans or debt securities carried at

fair value if the changes in fair value are included in

earnings) and to all types of lenders. For further information, see ASC Subtopic 310-20.

A holding company may acquire a loan by originating the

loan (lending) or by acquiring a loan from a party other

than the borrower (purchasing). Lending, committing to

lend, refinancing or restructuring loans, arranging standby

letters of credit, syndicating loans, and leasing activities

are all considered ‘‘lending activities.’’ Nonrefundable

loan fees paid by the borrower to the lender may have

many different names, such as origination fees, points,

placement fees, commitment fees, application fees, management fees, restructuring fees, and syndication fees,

but in this Glossary entry, they are referred to as loan

origination fees, commitment fees, or syndication fees.

ASC Subtopic 310-20 applies to both a lender and a

purchaser, and should be applied to individual loan

contracts. Aggregation of similar loans for purposes of

recognizing net fees or costs and purchase premiums or

discounts is permitted under certain circumstances specified in ASC Subtopic 310-20 or if the result does not

differ materially from the amount that would have been

recognized on an individual loan-by-loan basis. In general, the ASC Subtopic 310-20 specifies that:

Glossary

FR Y-9C GL-69

Glossary March 2015
(1) Loan origination fees should be deferred and recognized over the life of the related loan as an adjustment of yield (interest income). Once a holding

company adopts ASC Subtopic 310-20, recognizing

a portion of loan fees as revenue to offset all or part

of origination costs in the reporting period in which a

loan is originated is no longer acceptable.

(2) Certain direct loan origination costs specified in the

ASC Subtopic 310-20 should be deferred and recognized over the life of the related loan as a reduction

of the loan’s yield. Loan origination fees and related

direct loan origination costs for a given loan should

be offset and only the net amount deferred and

amortized.

(3) Direct loan origination costs should be offset against

related commitment fees and the net amounts deferred

except for: (a) commitment fees (net of costs) where

the likelihood of exercise of the commitment is

remote, which generally should be recognized as

service fee income on a straight line basis over the

loan commitment period, and (b) retrospectively

determined fees, which are recognized as service fee

income on the date as of which the amount of the fee

is determined. All other commitment fees (net of

costs) shall be deferred over the entire commitment

period and recognized as an adjustment of yield over

the related loan’s life or, if the commitment expires

unexercised, recognized in income upon expiration

of the commitment.

(4) Loan syndication fees should be recognized by the

institution managing a loan syndication (the syndicator) when the syndication is complete unless a portion of the syndication loan is retained. If the yield on

the portion of the loan retained by the syndicator is

less than the average yield to the other syndication

participants after considering the fees passed through

by the syndicator, the syndicator should defer a

portion of the syndication fee to produce a yield on

the portion of the loan retained that is not less than

the average yield on the loans held by the other

syndication participants.

(5) Loan fees, certain direct loan origination costs, and

purchase premiums and discounts on loans shall be

recognized as an adjustment of yield generally by the

interest method based on the contractual term of the

loan. However, if the holding company holds a large

number of similar loans for which prepayments are

probable and the timing and amount of prepayments

can be reasonably estimated, the holding company

may consider estimates of future principal prepayments in the calculation of the constant effective

yield necessary to apply the interest method. Once a

holding company adopts ASC Subtopic 310-20, the

practice of recognizing fees over the estimated average life of a group of loans is no longer acceptable.

(6) A refinanced or restructured loan, other than a

troubled debt restructuring, should be accounted for

as a new loan if the terms of the new loan are at least

as favorable to the lender as the terms for comparable

loans to other customers with similar collection risks

who are not refinancing or restructuring a loan. Any

unamortized net fees or costs and any prepayment

penalties from the original loan should be recognized

in interest income when the new loan is granted. If

the refinancing or restructuring does not meet these

conditions or if only minor modifications are made to

the original loan contract, the unamortized net fees or

costs from the original loan and any prepayment

penalties should be carried forward as a part of the

net investment in the new loan (or the amortized cost

basis of the new loan if the holding company has

adopted ASC Topic 326, Financial Instruments—

Credit Losses). The net investment in, or the amortized cost basis of, the new loan, as applicable,

should consist of the remaining net investment in the

original loan, any additional amounts loaned, any

fees received, and direct loan origination costs associated with the transaction. In a troubled debt restructuring involving a modification of terms, fees received

should be applied as a reduction of the recorded

investment in, or the amortized cost basis of, the

loan, as applicable; the loan, and all related costs,

including direct loan origination costs, should be

charged to expense as incurred. (See the Glossary

entry for ‘‘troubled debt restructurings’’ for further

guidance.)

(7) Deferred net fees or costs shall not be amortized

during periods in which interest income on a loan is

not being recognized because of concerns about

realization of loan principal or interest.

Direct loan origination costs of a completed loan are

defined to include only (a) incremental direct costs of

loan origination incurred in transactions with independent third parties for that particular loan and (b) certain

Glossary

GL-70 FR Y-9C

Glossary September 2020
costs directly related to specified activities performed by

the lender for that particular loan.23 Incremental direct

costs are costs to originate a loan that (a) result directly

from and are essential to the lending transaction and (b)

would not have been incurred by the lender had that

lending transaction not occurred. The specified activities

performed by the lender are evaluating the prospective

borrower’s financial condition; evaluating and recording

guarantees, collateral, and other security arrangements;

negotiating loan terms; preparing and processing loan

documents; and closing the transaction. The costs directly

related to those activities include only that portion of the

employees’ total compensation and payroll-related fringe

benefits directly related to time spent performing those

activities for that particular loan and other costs related to

those activities that would not have been incurred but for

that particular loan.

All other lending-related costs, whether or not incremental, should be charged to expense as incurred, including

costs related to activities performed by the lender for

advertising, identifying potential borrowers, soliciting

potential borrowers, servicing existing loans, and other

ancillary activities related to establishing and monitoring

credit policies, supervision, and administration. Employees’ compensation and fringe benefits related to these

activities, unsuccessful loan origination efforts, and idle

time should be charged to expense as incurred. Administrative costs, rent, depreciation, and all other occupancy

and equipment costs are considered indirect costs and

should be charged to expense as incurred.

Net unamortized loan fees represent an adjustment of the

loan yield, and shall be reported in the same manner as

unearned income on loans, i.e., deducted from the related

loan balances (to the extent possible) or deducted from

total loans in ‘‘Any unearned income on loans reflected in

items 1-9 above’’ in Schedule HC-C. Net unamortized

direct loan origination costs shall be added to the related

loan balances in Schedule HC-C. Amounts of loan

origination, commitment, and other fees and costs recognized as an adjustment of yield should be reported under

the appropriate subitem of item 1, ‘‘Interest income,’’ in

Schedule HI. Other fees, such as (a) commitment fees

that are recognized during the commitment period or

included in income when the commitment expires (i.e.

fees retrospectively determined and fees for commitments where exercise is remote) and (b) syndication fees

that are not deferred, should be reported as ‘‘Other

noninterest income’’ on Schedule HI.

Loan Impairment: This Glossary entry applies to holding companies that have not adopted ASC Topic 326,

Financial Instruments—Credit Losses. Holding companies that have adopted ASC Topic 326 should refer to the

Glossary entry for “allowance for credit losses.”

The accounting standard for impaired loans is ASC

Topic 310, Receivables. For further information, refer to

ASC Topic 310. Each institution is responsible for maintaining an allowance for loan and lease losses (allowance) at a level that is appropriate to cover estimated

credit losses in its entire portfolio of loans and leases held

for investment, i.e., loans and leases that the holding

company has the intent and ability to hold for the

foreseeable future or until maturity or payoff. ASC

Topic 310 sets forth measurement methods for estimating

the portion of the overall allowance for loan and lease

losses attributable to individually impaired loans. For the

remainder of the portfolio, an appropriate allowance

must be maintained in accordance with ASC Subtopic 450-20, Contingencies – Loss Contingencies, For

comprehensive guidance on the maintenance of an appropriate allowance, holding companies should refer to the

Interagency Policy Statement on the Allowance for Loan

and Lease Losses dated December 13, 2006, and the

Glossary entry for “allowance for loan and lease losses.”

In general, loans are impaired under ASC Topic 310

when, based on current information and events, it is

probable that an institution will be unable to collect all

amounts due (i.e., both principal and interest) according

to the contractual terms of the original loan agreement.

An institution should apply its normal loan review procedures when identifying loans to be individually evaluated

for impairment under ASC Topic 310. When an individually evaluated loan is deemed impaired under ASC Topic

310 and is not collateral dependent, a holding company

must measure impairment using the present value of

expected future cash flows discounted at the loan’s

effective interest rate (i.e., the contractual interest rate

adjusted for any net deferred loan fees or costs, premium,

or discount existing at the origination or acquisition of

the loan), except that as a practical expedient, an institution may measure impairment based on a loan’s observable market price. As discussed in the following paragraph, the agencies require the impairment of an impaired

23. For purposes of this report, a holding company which deems its

costsfor these lending activities not to be material and which need not

maintain records on a loan-by-loan basis for other purposes may expense

such costs as incurred.

Glossary

FR Y-9C GL-71

Glossary September 2020
collateral dependent loan to be measured using the fair

value of collateral method. A loan is collateral dependent

if repayment of the loan is expected to be provided solely

by the underlying collateral and there are no other

available and reliable sources of repayment. A creditor

should consider estimated costs to sell, on a discounted

basis, in the measurement of impairment if those costs

are expected to reduce the cash flows available to repay

or otherwise satisfy the loan. If the measure of an

impaired loan is less than the recorded investment in the

loan, an impairment should be recognized by creating an

allowance for estimated credit losses for the impaired

loan or by adjusting an existing allowance with a corresponding charge or credit to ‘‘Provision for loan and

lease losses.’’

For purposes of FR Y-9C report, the impairment of an

impaired collateral dependent loan must be measured

using the fair value of collateral method. In general, any

portion of the recorded investment in an impaired collateral dependent loan (including recorded accrued interest,

net deferred loan fees or costs, and unamortized premium

or discount) in excess of the fair value of the collateral

(less estimated costs to sell, if applicable) that can be

identified as uncollectible should be promptly charged off

against the allowance for loan and lease losses.

An institution should not provide an additional allowance

for estimated credit losses on an individually impaired

loan over and above what is specified by ASC Topic 310.

The allowance established under ASC Topic 310 should

take into consideration all available information existing

as of the FR Y-9C report date that indicates that it is

probable that a loan has been impaired. All available

information would include existing environmental factors such as industry, geographical, economic, and political factors that affect collectibility.

ASC Topic 310 also addresses the accounting by creditors for all loans that are restructured in a troubled debt

restructuring involving a modification of terms, except

loans that are measured at fair value or the lower of cost

or fair value. According to ASC Topic 310, all loans

restructured in troubled debt restructurings are impaired

loans. For guidance on troubled debt restructurings, see

the Glossary entry for ‘‘troubled debt restructurings.’’

As with all other loans, all impaired loans should be

reported as past due or nonaccrual loans in Schedule

HC-N in accordance with the schedule’s instructions. A

loan identified as impaired is one for which it is probable

that the institution will be unable to collect all principal

and interest amounts due according to the contractual

terms of the original loan agreement. Therefore, a loan

that is not already in nonaccrual status when it is first

identified as impaired will normally meet the criteria for

placement in nonaccrual status at that time. Exceptions

may arise when a loan not previously in nonaccrual status

is identified as impaired because its terms have been

modified in a troubled debt restructuring, but the borrower’s sustained historical repayment performance for a

reasonable time prior to the restructuring is consistent

with the modified terms of the loan and the loan is

reasonably assured of repayment (of principal and interest) and of performance in accordance with its modified

terms. This determination must be supported by a current, well documented credit evaluation of the borrower’s

financial condition and prospects for repayment under the

revised terms. Exceptions may also arise for those purchased impaired loans for which the criteria for accrual

of income under the interest method are met as specified

in ASC Subtopic 310-30, Receivables—Loans and Debt

Securities Acquired with Deteriorated Credit Quality.

Any cash payments received on impaired loans in nonaccrual status should be reported in accordance with the

criteria for the cash basis recognition of income in the

Glossary entry for “nonaccrual status.” For further guidance, see the Glossary entries for ‘‘nonaccrual status’’

and ‘‘purchased impaired loans and debt securities.’’

Loan Secured by Real Estate: For purposes of this

report, a loan secured by real estate is a loan that, at

origination, is secured wholly or substantially by a lien or

liens on real property for which the lien or liens are

central to the extension of the credit–that is, the borrower

would not have been extended credit in the same amount

or on terms as favorable without the lien or liens on real

property. To be considered wholly or substantially secured

by a lien or liens on real property, the estimated value of

the real estate collateral at origination (after deducting

any more senior liens) must be greater than 50 percent of

the principal amount of the loan at origination.24

A loan satisfying the criteria above, except a loan to a

state or political subdivision in the U.S., is to be reported

24. Bank holding companies should apply this revised definition of

“loan secured by real estate” prospectively beginning April 1, 2009. Loans

reported on or before March 31, 2009, as loans secured by real estate need

not be reevaluated and, if apporpriate, recategorized into other loan categories on Schedule HC-C, Loans and Lease Financing Receivables.

Glossary

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Glossary September 2020
as a loan secured by real estate in Schedule HC-C, item 1,

and related items in the report, (1) regardless of whether

the loan is secured by a first or a junior lien; (2) regardless of whether the loan was originated by the reporting

holding company or purchased from others and, if originated by the reporting holding company, regardless of the

department or subsidiary within the holding company or

subsidiary that made the loan; (3) regardless of how the

loan is categorized in the holding company’s records; (4)

and regardless of the purpose of the financing. Only in a

transaction where a lien or liens on real property (with an

estimated collateral value greater than 50 percent of the

loan’s principal amount at origination) have been taken

as collateral solely through an abundance of caution and

where the loan terms as a consequence have not been

made more favorable than they would have been in the

absence of the lien or liens, would the loan not be

considered a loan secured by real estate for purposes of

the FR Y-9C. In addition, when a loan is partially secured

by a lien or liens on real property, but the estimated value

of the real estate collateral at origination (after deducting

any more senior liens held by others) is 50 percent or less

of the principal amount of the loan at origination, the loan

should not be categorized as a loan secured by real estate.

Instead, the loan should be reported in one of the other

loan categories used in these reports based on the purpose

of the loan.

The following are examples of the application of the

preceding guidance:

(1) A subsidiary loans $700,000 to construct and equip a

building that will be used as a dental office. The loan

will be secured by both the real estate and the dental

equipment. At origination, the estimated values of

the building, upon completion, and the equipment are

$400,000 and $350,000, respectively. The loan should

be reported as a loan secured by real estate in

Schedule HC-C, item 1.a.(2), ‘‘Other construction

loans and all land development and other land loans.’’

In contrast, if the estimated values of the building

and equipment at origination were $340,000 and

$410,000, respectively, the loan should not be reported

as a loan secured by real estate. Instead, the loan

should be reported in Schedule HC-C, item 4, “Commercial and industrial loans.”

(2) A subsidiary grants a $25,000 line of credit and a

$125,000 term loan to a commercial borrower for

working capital purposes on the same date. The loans

will be cross-collateralized by equipment with an

estimated value of $40,000 and a third lien on the

borrower’s residence, which has an estimated value

of $140,000 and first and second liens with unpaid

balances payable to other lenders totaling $126,000.

The two loans should be considered together to

determine whether they are secured by real estate.

Because the estimated equity in the real estate collateral available to the subsidiary is $14,000, the two

cross-collateralized loans for $150,000 should not be

reported as loans secured by real estate. Instead, the

loans should be reported in Schedule HC-C, item 4,

‘‘Commercial and industrial loans.’’

(3) A subsidiary grants a $50,000 working capital loan

and takes a first lien on a vacant commercial building

lot as collateral. The estimated value of the lot is

$30,000. The loan should be reported as a loan

secured by real estate in Schedule HC-C, item 1.a.(2),

‘‘Other construction loans and all land development

and other land loans,’’ unless the lien has been taken

as collateral solely through an abundance of caution

and where the loan terms as a consequence have not

been made more favorable than they would have

been in the absence of the lien.

(4) A subsidiary grants a $10,000 home equity line of

credit secured by a junior lien on a 1-4 family

residential property. The subsidiary also has a loan to

the same borrower that is secured by a first lien on

the same 1-4 family residential property and has an

unpaid principal balance of $71,000. There are no

intervening liens and the line of credit will be used

for household, family, and other personal expenditures. The estimated value of the residential property

at the origination of the home equity line of credit is

$75,000. Consistent with the risk-based capital treatment of these loans, the two loans should be considered together to determine whether the home equity

line of credit should be reported as a loan secured by

real estate. Because the value of the collateral is

greater than 50 percent of the first lien balance plus

the amount of the home equity line of credit, loans

extended under the line of credit should be reported

as loans secured by real estate in Schedule HC-C,

item 1.c.(1), ‘‘Revolving, open-end loans secured by

1-4 family residential properties and extended under

lines of credit.’’ In contrast, if a creditor other than

the subsidiary holds the first lien on the borrower’s

property, the estimated value of the collateral to the

Glossary

FR Y-9C GL-73

Glossary June 2015
subsidiary for the home equity line of credit would

have been $4,000 ($75,000 less the $71,000 first lien

held by the other creditor), which is 50 percent or less

of the amount of the line of credit at origination. In

this case, the subsidiary should not report loans

extended under the line of credit as loans secured by

real estate in Schedule HC-C, item 1. Rather, the

loans should be reported as “Loans to individuals for

household, family, and other personal expenditures”

in Schedule HC-C, item 6.b, “Other revolving credit

plans.

Loss Contingencies: A loss contingency is an existing

condition, situation, or set of circumstances that involves

uncertainty as to possible loss that will be resolved when

one or more future events occur or fail to occur. An

estimated loss (or expense) from a loss contingency (for

example, pending or threatened litigation) must be accrued

by a charge to income if it is probable that an asset has

been impaired or a liability incurred as of the report date

and the amount of the loss can be reasonably estimated.

A contingency that might result in a gain, for example, the

filing of an insurance claim, shall not be recognized as

income prior to realization.

For further information, see ASC Subtopic 450-20,

Contingencies—Loss Contingencies.

Mandatory Convertible Debt: See discussion of mandatory convertible securities in instructions for Schedule HC, item 19(a), ‘‘Subordinated notes and debentures.’’

Market (Fair) Value of Securities: The market value of

securities should be determined, to the extent possible, by

timely reference to the best available source of current

market quotations or other data on relative current values.

For example, securities traded on national, regional, or

foreign exchanges or in organized over-the-counter markets should be valued at the most recently available

quotation in the most active market. Rated securities for

which no organized market exists should be valued on the

basis of a yield curve estimate. Quotations from brokers or

others making markets in securities that are neither widely

nor actively traded are acceptable if prudently used.

Unrated debt securities for which no reliable market price

data are available may be valued at cost adjusted for

amortization of premium or accretion of discount unless

credit problems of the obligor or upward movements in

the level of interest rates warrant a lower estimate of

current value. Securities that are not marketable such as,

Federal Reserve stock or equity securities in closely held

businesses, should be valued at book or par value, as

appropriate.

Mergers: See “Business combinations.”

Money Market Deposit Account (MMDA): See

“Deposits.”

Mortgages, Residential, Participations in Pools of: See

“Transfers of financial assets.”

NOW Account: See “Deposits.”

Nonaccrual Status: General rule—Holding companies

on an accrual basis of reporting shall not accrue interest

or discount on (1) any asset which is maintained on a

cash basis because of deterioration in the financial position of the borrower, (2) any asset for which payment in

full of interest or principal is not expected, or (3) any

asset upon which principal or interest has been in default

for a period of 90 days or more unless it is both well

secured and in the process of collection.

An asset is ‘‘well secured’’ if it is secured (1) by

collateral in the form of liens on or pledges of real or

personal property, including securities, that have a realizable value sufficient to discharge the debt (including

accrued interest) in full, or (2) by the guaranty of a

financially responsible party. An asset is ‘‘in the process

of collection’’ if collection of the asset is proceeding in

due course either (1) through legal action, including

judgment enforcement procedures, or, (2) in appropriate

circumstances, through collection efforts not involving

legal action which are reasonably expected to result in

repayment of the debt or in its restoration to a current

status in the near future.

For purposes of applying the third test for the nonaccrual

of interest listed above, the date on which an asset

reaches nonaccrual status is determined by its contractual

terms. If the principal or interest on an asset becomes due

and unpaid for 90 days or more on a date that falls

between report dates, the asset should be placed in

nonaccrual status as of the date it becomes 90 days past

due and it should remain in nonaccrual status until it

meets the criteria for restoration to accrual status described

below.

Exceptions to the general rule—In the following situations, an asset need not be placed in nonaccrual status:

(1) The asset upon which principal or interest is due and

unpaid for 90 days or more is a consumer loan (as

Glossary

GL-74 FR Y-9C

Glossary June 2015
defined for Schedule HC-C, item 6, “Loans to individuals for household, family, and other personal

expenditures”) or a loan secured by a 1-to-4 family

residential property (as defined for Schedule HC-C,

item 1(c), Loans “Secured by 1-4 family residential

properties”). Nevertheless, such loans should be subject to other alternative methods of evaluation to

assure that the holding company’s net income is not

materially overstated. However, to the extent that the

holding company has elected to carry such a loan in

nonaccrual status on its books, the loan must be

reported as nonaccrual in Schedule HC-N, column C.

(2) For a holding company that has not adopted FASB

Accounting Standards Update No. 2016-13

(ASU 2016-13), which governs the accounting for

credit losses, the criteria for accrual of income under

the interest method specified in ASC Subtopic 310-

30, Receivables—Loans and Debt Securities Acquired

with Deteriorated Credit Quality, are met for a purchased credit-impaired (PCI) loan, pool of loans, or

debt security accounted for in accordance with that

Subtopic, regardless of whether the loan, the loans in

the pool, or debt security had been maintained in

nonaccrual status by its seller. (For PCI loans with

common risk characteristics that are aggregated and

accounted for as a pool, the determination of nonaccrual or accrual status should be made at the pool

level, not at the individual loan level.) For further

information, see the Glossary entry for “purchased

credit-impaired loans and debt securities.”

(3) For a holding company that has adopted ASU 2016-

13, the following criteria are met for a PCD asset,

including a PCD asset that was previously a PCI

asset or part of a pool of PCI loans, that would

otherwise be required to be placed in nonaccrual

status under the general rule:

(a) The holding company reasonably estimates the

timing and amounts of cash flows expected to be

collected, and

(b) The holding company did not acquire the asset

primarily for the rewards of ownership of the

underlying collateral, such as use of collateral in

operations of the institution or improving the

collateral for resale.

When a PCD asset that meets the criteria above is not

placed in nonaccrual status, the asset should be subject to

other alternative methods of evaluation to ensure that the

institution’s net income is not materially overstated. If an

institution is required or has elected to carry a PCD asset

in nonaccrual status, the asset must be reported as a

nonaccrual asset at its amortized cost basis in Schedule HC-N, column C. (For PCD loans for which the

institution has made a policy election to maintain previously existing pools of PCI loans upon adoption of

ASU 2016-13, the determination of nonaccrual or accrual

status should be made at the pool level, not the individual

asset level.) For further information, see the Glossary

entry for “purchased credit-deteriorated assets.“

Treatment of previously accrued interest—The reversal

of previously accrued but uncollected interest applicable

to any asset placed in nonaccrual status and the treatment

of subsequent payments as either principal or interest

should be handled in accordance with generally accepted

accounting principles. Acceptable accounting treatment

includes a reversal of all previously accrued but uncollected interest applicable to assets placed in a nonaccrual

status against appropriate income and balance sheet

accounts.

For example, for holding companies that have not adopted

ASC Topic 326, one acceptable method of accounting for

such uncollected interest on a loan placed in nonaccrual

status is (1) to reverse all of the unpaid interest by

crediting the ‘‘income earned, not collected on loans’’

account on the balance sheet, (2) to reverse the uncollected

interest that has been accrued during the calendar year-todate by debiting the appropriate ‘‘interest and fee income

on loans’’ account on the income statement, and (3) to

reverse any uncollected interest that had been accrued

during previous calendar years by debiting the ‘‘allowance

for loan and lease losses’’ account on the balance sheet.

The use of this method presumes that holding company

management’s additions to the allowance through charges

to the ‘‘provision for loan and lease losses’’ on the income

statement have been based on an evaluation of the collectability of the loan and lease portfolios and the “income

earned, not collected on loans” account. Holding companies that have adopted ASC Topic 326 should refer to the

Glossary entry for “accrued interest receivable” for information on the treatment of previously accrued interest.

Treatment of cash payments and criteria for the cash basis

recognition of income—When doubt exists as to the

collectibility of the remaining recorded investment in a

Glossary

FR Y-9C GL-75

Glossary March 2021
nonaccrual asset (or the amortized cost basis of a nonaccrual asset, if the holding company has adopted ASC

Topic 326), any payments received must be applied to

reduce the recorded investment, or the amortized cost

basis of, the asset, as applicable, to the extent necessary to

eliminate such doubt. Placing an asset in nonaccrual status

does not, in and of itself, require a charge-off, in whole or

in part, of the asset’s recorded investment or the amortized

cost basis, as applicable. However, any identified losses

must be charged off.

While an asset is in nonaccrual status, some or all of the

cash interest payments received may be treated as interest

income on a cash basis as long as the remaining recorded

investment in, or the amortized cost basis of, the asset, as

applicable, (i.e., after charge-off of identified losses, if

any) is deemed to be fully collectible.25 A holding

company’s determination as to the ultimate collectibility

of the asset’s remaining recorded investment, or the

amortized cost basis, as applicable, must be supported by

a current, well documented credit evaluation of the

borrower’s financial condition and prospects for repayment, including consideration of the borrower’s historical repayment performance and other relevant factors.

When recognition of interest income on a cash basis is

appropriate, it should be handled in accordance with

generally accepted accounting principles. One acceptable

practice involves allocating contractual interest payments

among interest income, reduction of the recorded investment, or the amortized cost basis of, the asset, as

applicable, and recovery of prior charge-offs. If this

method is used, the amount of income that is recognized

would be equal to that which would have been accrued

on the asset’s remaining recorded investment at the

contractual rate. A holding company may also choose to

account for the contractual interest in its entirety either as

income, reduction of the recorded investment, or the

amortized cost basis of, the asset, as applicable, or

recovery of prior charge-offs, depending on the condition

of the loan, consistent with its accounting policies for

other financial reporting purposes.

Restoration to accrual status—As a general rule, a

nonaccrual asset may be restored to accrual status when

(1) none of its principal and interest is due and unpaid,

and the holding company expects repayment of the

remaining contractual principal and interest, or (2) when

it otherwise becomes well secured and in the process of

collection. If any interest payments received while the

asset was in nonaccrual status were applied to reduce the

recorded investment in, or the amortized cost basis of, the

asset, as applicable, as discussed in the preceding section

of this entry, the application of these payments to the

asset’s recorded investment or the amortized cost basis,

as applicable, should not be reversed (and interest income

should not be credited) when the asset is returned to

accrual status.

For purposes of meeting the first test, the holding company must have received repayment of the past due

principal and interest unless:

(1) The asset has been formally restructured and qualifies for accrual status, as discussed below;

(2) For a holding company that has adopted ASU

2016-13, the asset is a purchased impaired loan or

debt security accounted for in accordance with ASC

Subtopic 310-30 and it meets the criteria for accrual

of income under the interest method specified therein;

(3) For a holding company that has adopted ASU

2016-13, the asset is a PCD asset and it meets the two

criteria specified in the third exception to the general

rule discussed above; or

(4) The borrower has resumed paying the full amount of

the scheduled contractual interest and principal payments on a loan that is past due and in nonaccrual

status, even though the loan has not been brought

fully current, and the following two criteria are met.

These criteria are, first, that all principal and interest

amounts contractually due (including arrearages) are

reasonably assured of repayment within a reasonable

period and, second, that there is a sustained period of

repayment performance (generally a minimum of six

months) by the borrower in accordance with the

contractual terms involving payments of cash or cash

equivalents. A loan that meets these two criteria may

be restored to accrual status but must continue to be

disclosed as past due in Schedule HC-N until it has

been brought fully current or until it later must be

placed in nonaccrual status.

25. An asset subject to the cost recovery method required by ASC

Subtopic 325-40, Investments—Other—Beneficial Interests in Securitized

Financial Assets, should follow that method for reporting purposes. In

addition, when a PCI, pool of loans, or debt security that is accounted for

in accordance with ASC Subtopic 310-30 (or when a PCD asset that is

accounted for in accordance with ASC Subtopic 326-20, if the holding

company has adopted ASC Topic 326) has been placed on nonaccrual

status, the cost recovery method should be used, when appropriated.

Glossary

GL-76 FR Y-9C

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A loan or other debt instrument that has been formally

restructured in a troubled debt restructuring, so as to be

reasonably assured of repayment (of principal and interest) and of performance according to its modified terms

need not be maintained in nonaccrual status, provided the

restructuring is supported by a current, well documented

credit evaluation of the borrower’s financial condition

and prospects for repayment under the revised terms.

Otherwise, the restructured asset must remain in nonaccrual status. The evaluation must include consideration

of the borrower’s sustained historical repayment performance for a reasonable period prior to the date on which

the loan or other debt instrument is returned to accrual

status. (In returning the asset to accrual status, sustained

historical payment performance for a reasonable time

prior to the restructuring may be taken into account.)

Such a restructuring must improve the collectibility of

the loan or other debt instrument in accordance with a

reasonable repayment schedule and does not relieve the

holding company from the responsibility to promptly

charge off all identified losses.

A troubled debt restructuring may involve a multiple note

structure in which, for example, a troubled loan is

restructured into two notes. The first or “A” note represents the portion of the original loan principal amount

that is expected to be fully collected along with contractual interest. The second or “B” note represents the

portion of the original loan that has been charged off and,

because it is not reflected as an asset and is unlikely to be

collected, could be viewed as a contingent receivable.

For a troubled debt restructuring of a collateral-dependent

loan involving a multiple note structure, the amount of

the “A” note should be determined using the fair value of

the collateral. The “A” note may be returned to accrual

status provided the conditions in the preceding paragraph

are met and: (1) there is economic substance to the

restructuring and it qualifies as a troubled debt restructuring under generally accepted accounting principles,

(2) the portion of the original loan represented by the

‘‘B’’ note has been charged off before or at the time of the

restructuring, and (3) the ‘‘A’’ note is reasonably assured

of repayment and of performance in accordance with the

modified terms.

Until the restructured asset is restored to accrual status, if

ever, cash payments received must be treated in accordance with the criteria stated above in the preceding

section of this entry. In addition, after a formal restructuring, if a restructured asset that has been returned to

accrual status later meets the criteria for placement in

nonaccrual status as a result of past due status based on

its modified terms or for other reasons, the asset must be

placed in nonaccrual status. For further information on

formally restructured assets, see the Glossary entry for

‘‘Troubled Debt Restructuring.’’

Treatment of multiple extensions of credit to one

borrower—As a general principle, nonaccrual status for

an asset should be determined based on an assessment of

the individual asset’s collectibility and payment ability

and performance. Thus, when one loan to a borrower is

placed in nonaccrual status, a holding company or its

subsidiaries do not automatically have to place all other

extensions of credit to that borrower in nonaccrual status.

When a depository institution has multiple loans or other

extensions of credit outstanding to a single borrower, and

one loan meets criteria for nonaccrual status, the depository institution should evaluate its other extensions of

credit to that borrower to determine whether one or more

of these other assets should also be placed in nonaccrual

status.

Noninterest-Bearing Account: See ‘‘Deposits.’’

Nontransaction Account: See ‘‘Deposits.’’

Notes and Debentures Subordinated to Deposits: See

‘‘Subordinated notes and debentures.’’

Offsetting: Offsetting is the reporting of assets and

liabilities on a net basis in the balance sheet. Holding

companies are permitted to offset assets and liabilities

recognized in the balance sheet when a “right of setoff”

exists. Under ASC Subtopic 210-20, Balance Sheet –

Offsetting, a right of setoff exists when all of the following conditions are met:

(1) Each party owes the other determinable amounts.

Thus, only bilateral netting is permitted.

(2) The reporting party has the right to set off the amount

owed with the amount owed by the other party.

(3) The reporting party intends to set off. This condition

does not have to be met for fair value amounts

recognized for conditional or exchange contracts that

have been executed with the same counterparty under

a master netting arrangement.

(4) The right of setoff is enforceable at law. Legal

constraints should be considered to determine whether

the right of setoff is enforceable. Accordingly, the

right of setoff should be upheld in bankruptcy (or

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FR Y-9C GL-77

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receivership). Offsetting is appropriate only if the

available evidence, both positive and negative,

indicates that there is reasonable assurance that the

right of setoff would be upheld in bankruptcy (or

receivership).

According to ASC Subtopic 210-20, for forward, interest

rate swap, currency swap, option, and other conditional

and exchange contracts, a master netting arrangement

exists if the reporting holding company has multiple

contracts, whether for the same type of conditional or

exchange contract or for different types of contracts, with

a single counterparty that are subject to a contractual

agreement that provides for the net settlement of all

contracts through a single payment in a single currency in

the event of default or termination of any one contract.

Offsetting the assets and liabilities recognized for conditional or exchange contracts outstanding with a single

counterparty results in the net position between the two

counterparties being reported as an asset or a liability on

the balance sheet. The reporting entity’s choice to offset

or not to offset assets and liabilities recognized for conditional or exchange contracts must be applied

consistently.

Offsetting of assets and liabilities is also permitted by

other pronouncements identified in ASC Subtopic 210-20.

These pronouncements apply to such items as leverage

leases, pension plan and other postretirement benefit plan

assets and liabilities, and deferred tax assets and liabilities. In addition, ASC Subtopic 210-20, Balance Sheet –

Offsetting, describes the circumstances in which amounts

recognized as payables under repurchase agreements

may be offset against amounts recognized as receivables

under reverse repurchase agreements and reported as a

net amount in the balance sheet. The reporting entity’s

choice to offset or not to offset payables and receivables

under ASC Subtopic 210-20 must be applied consistently.

According to the AICPA Audit and Accounting Guide for

Depository and Lending Institutions, ASC Subtopic

210-20 does not apply to securities borrowing or lending

transactions. Therefore, for purposes of filing holding

company reports, holding companies should not offset

securities borrowing and lending transactions in the

balance sheet unless all the conditions set forth in ASC

Subtopic 210-20 are met.

One-Day Transaction: See ‘‘Federal funds transactions.’’

Option: See ‘‘Futures, forward, and standby contracts.’’

Organization Costs: See ‘‘Start-up Activites.’’

Other Real Estate Owned: See “Foreclosed Assets” and

the instructions to Schedule HC-M, item 13.

Other-Than-Temporary Impairment: See ‘‘securities

activities.’’ Holding companies that have adopted ASC

Topic 326, Financial Instruments—Credit Losses, and

have identified impairment in the investment portfolio

should no longer record any other-than-temporary impairment, as discussed in the Glossary entry for “securities

activities.”

Overdraft: An overdraft can be either planned or

unplanned. An unplanned overdraft occurs when a

depository institution honors a check or draft drawn

against a deposit account when insufficient funds are on

deposit and there is no advance contractual agreement to

honor the check or draft. When a contractual agreement

has been made in advance to allow such credit extensions, overdrafts are referred to as planned or prearranged. Any overdraft, whether planned or unplanned,

is an extension of credit and is to be treated and reported

as a ‘‘loan’’ rather than being treated as a negative

deposit balance.

Planned overdrafts are to be classified in Schedule HC-C

by type of loan according to the nature of the overdrawn

depositor. For example, a planned overdraft by a commercial customer is to be classified as a ‘‘commercial and

industrial loan.’’

Unplanned overdrafts in depositors’ accounts are to be

classified in Schedule HC-C, item 9, ‘‘All other loans,’’

unless the depositor is a depository institution or a

foreign government or official institution. Such unplanned

overdrafts would be reported in Schedule HC-C, item 2,

‘‘Loans to depository institutions and acceptances of

other banks’’ and item 7, ‘‘Loans to foreign governments

and official institutions.’’

For purposes of treatment of overdrafts, separate transaction accounts of a single depositor that are established

under a bona fide cash management arrangement are

regarded as a single account rather than multiple or

separate accounts. In such a situation, an overdraft in one

of the accounts of a single customer is netted against the

related transaction accounts of the customer and an

extension of credit is regarded as arising only if, and to

the extent, the combined accounts of the customer are

overdrawn.

Glossary

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An overdraft also occurs when a borrower’s loan secured

by real estate has an escrow account for the payment of

taxes and/or insurance and the institution pays taxes or

insurance on behalf of the borrower when the escrow

account does not have sufficient funds to cover the full

amount of the payment. Because escrow funds are deposits for purposes of these reports, an overdrawn escrow

account should be reported as a “loan” in Schedule

HC-C.

The consolidated holding company’s overdrafts on deposit

accounts it holds with other depository institutions that

are not consolidated on the reporting holding company’s

FR Y-9C (i.e., its ‘‘due from’’ accounts) are to be

reported as borrowings in Schedule HC, item 16, except

overdrafts arising in connection with checks or drafts

drawn by subsidiary depository institutions of the reporting holding company and drawn on, or payable at or

through, another depository institution either on a zerobalance account or on an account that is not routinely

maintained with sufficient balances to cover checks or

drafts drawn in the normal course of business during the

period until the amount of the checks or drafts is remitted

to the other depository institution (in which case, report

the funds received or held in connection with such checks

or drafts as deposits in Schedule HC-E until the funds are

remitted).

Participations: See “Transfers of financial assets.”

Participations in Acceptances: See “Bankers’

acceptances.”

Participations in Pools of Securities: See “Repurchase/

resale agreements.”

Pass-through Reserve Balances: Under the Monetary

Control Act of 1980, and as reflected in Federal Reserve

Regulation D, both member and nonmember depository

institutions may hold the balances they maintain to

satisfy reserve balance requirements (in excess of vault

cash) directly with a Federal Reserve Bank. However,

nonmember depository institutions may hold their balances maintained to satisfy reserve balance requirements

(in excess of vault cash) in one of two ways: either

(1) directly with a Federal Reserve Bank or (2) indirectly

in an account with another institution (referred to here as

a ‘‘correspondent’’), which, in turn, is required to pass

the reserves through to a Federal Reserve Bank. This

second type of account is called a ‘‘pass-through account,’’

and a depository institution passing its reserves to the

Federal Reserve through a correspondent is referred to as

a “respondent.” This pass-through reserve relationship is

legally and for supervisory purposes considered to constitute an asset/debt relationship between the respondent

and the correspondent, and an asset/debt relationship

between the correspondent and the Federal Reserve. The

required reporting of the ‘‘pass-through reserve balances’’ reflects this structure of asset/debt relationships.

The reporting of pass-through reserve balances by correspondent and respondent banks differs from the required

reporting of excess balance accounts by participants and

agents, which is described in the Glossary entry for

“excess balance accounts.”

Perpetual Debt: Perpetual debt is an unsecured debt

instrument of the holding company or its subsidiaries

that, if issued by a bank, must also be subordinated to the

claims of the depositors. The major characteristics are

described below:

(1) The debt instrument cannot provide the note-holder

the right to demand repayment of principal except in

the event of bankruptcy, insolvency, or reorganization.

(2) The issuer can not voluntarily redeem the debt issue

without prior approval of the Federal Reserve, unless

the debt is converted to, exchanged for, or simultaneously replaced in like amount by an issue of

common or perpetual preferred stock of the issuer or

the issuer’s parent company.

(3) When issued by the holding company, a bank subsidiary, or a subsidiary with substantial operations, the

debt instrument must contain a provision permitting

interest payments to be deferred when dividends on

all outstanding common or preferred stock of the

issuer have been eliminated.

(4) When issued by a holding company or a subsidiary

with substantial operations, the instrument must convert automatically to common or perpetual preferred

stock of the issuer when the issuer’s retained earnings and surplus accounts become negative.

For a complete discussion of the criteria for determining

the capital status of perpetual debt, see 12 CFR, Part 225,

Appendix B.

Perpetual Preferred Stock: See ‘‘Preferred stock.’’

Policyholder: A policyholder is the party that owns an

insurance policy.

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Glossary June 2015
Pooling of Interests: See ‘‘Business combinations.’’

Pools of Residential Mortgages, Participations in: See

‘‘Transfers of financial assets.’’

Pools of Securities, Participations in: See ‘‘Repurchase/

resale agreements.’’

Preauthorized Transfer Account: See ‘‘Deposits.’’

Preferred Stock: Preferred stock is a form of ownership

interest in a holding company or other company which

entitles its holders to some preference or priority over the

owners of common stock, usually with respect to dividends or asset distributions in a liquidation.

Limited-life preferred stock is preferred stock that has a

stated maturity date or that can be redeemed at the option

of the holder. It excludes those issues of preferred stock

that automatically convert into perpetual preferred stock

or common stock at a stated date.

Perpetual preferred stock is preferred stock that does not

have a stated maturity date or that cannot be redeemed

at the option of the holder. It includes those issues of

preferred stock that automatically convert into common

stock at a stated date.

Premiums and Discounts: A premium arises when a

holding company or its consolidated subsidiaries purchase a security, loan, or other asset at a price in excess of

its par or face value, typically because the current level of

interest rates for such assets is less than its contract or

stated rate of interest. The difference between the purchase price and par or face value represents the premium

which all consolidated holding companies are required to

amortize.

A discount arises when a consolidated holding company

purchases a security, loan, or other asset at a price below

its par or face value, typically because the current level of

interest rates for such assets is greater than its contract or

stated rate of interest. A discount is also present on

instruments that do not have a stated rate of interest such

as U.S. Treasury bills and commercial paper. The difference between par or face value and the purchase price

represents the discount which all holding companies on

the accrual basis of accounting are required to accrete.

Except as discussed in the next two paragraphs, premiums and discounts are accounted for as adjustments to

the yield on an asset over its remaining life. A premium

must be amortized and a discount must be accreted from

the date of purchase to maturity, and not to the call or put

date. The preferable method for amortizing premiums

and accreting discounts involves the use of the interest

method for accruing income on the asset. The objective

of the interest method is to produce a constant yield or

rate of return on the carrying value of the asset (par or

face value plus unamortized premium or less unaccreted

discount) at the beginning of each amortization period

over the asset’s remaining life. The difference between

the periodic interest income that is accrued on the asset

and interest at the stated rate is the periodic amortization

or accretion. However, a straight-line method of amortization or accretion is acceptable if the results are not

materially different from the interest method.

If an institution holds a large number of similar debt

securities, loans, or other assets for which prepayments

are probable and the timing and amount of prepayments

can be reasonably estimated, the institution may consider

estimates of future principal prepayments in the calculation of the constant effective yield necessary to apply the

interest method.

For callable debt securities that have explicit, noncontingent call features and are callable at fixed prices

and on preset dates, Accounting Standards Update

No. 2017-08 (ASU 2017-08) amends ASC Subtopic 310-

20, Receivables - Nonrefundable Fees and Other Costs,

to shorten the amortization period for any premiums on

such debt securities. Under the ASU, after it has been

adopted, the excess of the amortized cost basis of such a

callable debt security over the amount repayable by the

issuer at the earliest call date (i.e., the premium) must be

amortized to the earliest call date (unless the institution

applies the guidance that allows estimates of future

principal prepayments to be considered in the effective

yield calculation). If the call option is not exercised at its

earliest call date, the institution must reset the effective

yield using the payment terms of the debt security.26

A premium or discount may also arise when the reporting

holding company or its consolidated subsidiaries, acting

either as a lender or a borrower, are involved in an

exchange of a note for assets other than cash and the

interest rate is either below the market rate or not stated,

or the face amount of the note is materially different from

26. An institution must continue to amortize premiums over the contractual life of callable debt securities until the effective date of ASU 2017-08

applicable to the institution unless early application of the ASU has been

adopted. For information on the ASU’s effective dates and transition, refer

to ASU 2017-08.

Glossary

GL-80 FR Y-9C

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the fair value of the noncash assets exchanged. The

noncash assets and the related note shall be recorded at

either the fair value of the noncash assets or the market

value of the note, whichever is more clearly determinable. The market value of the note would be its present

value as determined by discounting all future payments

on the note using an appropriate interest rate, i.e., a rate

comparable to that on new loans of similar risk. The

difference between the face amount and the recorded

value of the note is a premium or discount. This discount

or premium shall be accounted for as an adjustment of

the interest income or expense over the life of the note

using the interest method described above.

For further information, see ASC Subtopic 835-30, Interest – Imputation of Interest.

Private Company: A private company is a business

entity that is not a public business entity. For further

information, see the Glossary entry for “public business

entity.”

Public Business Entity:

The term “public business entity” is defined in the Master

Glossary in the Accounting Standards Codification (ASC).

The definition states that a business entity, such as a

holding company, that meets any one of five specified

criteria is a public business entity for reporting purposes

under U.S. GAAP. This also applies for FR Y-9C purposes. In contrast, a private company is a business entity

that is not a public business entity. A holding company

that is a public business entity is not permitted to apply

private company accounting alternatives when preparing

its FR Y-9C report.

As defined in the ASC Master Glossary, a business entity

is a public business entity if it meets any one of the

following criteria:

• It is required by the U.S. Securities and Exchange

Commission (SEC) to file or furnish financial statements, or does file or furnish financial statements

(including voluntary filers), with the SEC (including

other entities whose financial statements or financial

information are required to be or are included in a

filing).

• It is required by the Securities Exchange Act of 1934

(the Act), as amended, or rules or regulations promulgated under the Act, to file or furnish financial statements with a regulatory agency other than the SEC

(such as one of the federal banking agencies).

• It is required to file or furnish financial statements with

a foreign or domestic regulatory agency in preparation

for the sale of or for purposes of issuing securities that

are not subject to contractual restrictions on transfer.

• It has issued debt or equity securities that are traded,

listed, or quoted on an exchange or an over-the-counter

market, which includes an interdealer quotation or

trading system for securities not listed on an exchange

(for example, OTC Markets Group, Inc., including the

OTC Pink Markets, or the OTC Bulletin Board).

• It has one or more securities that are not subject to

contractual restrictions on transfer, and it is required by

law, contract, or regulation to prepare U.S. GAAP

financial statements (including footnotes) and make

them publicly available on a periodic basis (for example, interim or annual periods). An entity must meet

both of these conditions to meet this criterion.

The Master Glossary also explains that if an entity meets

the definition of a public business entity solely because

its financial statements or financial information is included

in another entity’s filing with the SEC, the holding

company is only a public business entity for purposes of

financial statements that are filed or furnished with the

SEC, but not for other reporting purposes or for FR Y-9C

purposes.

If a holding company does not meet any one of the first

four criteria, it would need to consider whether it meets

both of the conditions included in the fifth criterion to

determine whether it would be a public business entity.

With respect to the first condition under the fifth criterion, a stock institution must determine whether it has a

class of securities not subject to contractual restrictions

on transfer, which the FASB has stated means that the

securities are not subject to management preapproval on

resale. A contractual management preapproval requirement that lacks substance would raise questions about

whether the stock institution meets this first condition.

Purchase Acquisition: See “Business combinations.”

Purchased Credit-Deteriorated Assets: This Glossary

entry applies to holding companies that have adopted

ASC Topic 326, Financial Instruments–Credit Losses.

Holding companies that have not adopted ASC Topic 326

should continue to refer to the Glossary entry for “purchased credit-impaired loans and debt securities.”

Purchased credit-deteriorated (PCD) assets are acquired

financial assets that, at acquisition, have experienced a

Glossary

FR Y-9C GL-81

Glossary September 2020
more-than-insignificant deterioration in credit quality

since origination, as determined by an acquirer’s assessment.

In accordance with ASC Topic 326, holding companies

are required to estimate and record an allowance for

credit losses (ACL) for PCD assets at the time of

purchase. This acquisition date ACL is added to the

purchase price of the financial assets rather than recording these losses through provisions for credit losses. This

establishes the initial amortized cost basis of the PCD

assets. A holding company may use either a discounted

or an undiscounted cash flow method at acquisition to

determine this ACL. Subsequent ACL measurements for

acquired financial assets with more-than-insignificant

credit deterioration since origination are to be measured

under ASC Topic 326 as with (1) originated financial

assets and (2) purchased financial assets that do not have

a more-than-insignificant deterioration in credit quality at

acquisition.

Holding companies that measure expected credit losses

for PCD assets on a pool basis shall continue to evaluate

whether financial assets in the pool continue to share

similar risk characteristics with the other financial assets

in the pool. If there have been changes in credit risk,

borrower circumstances, recognition of a charge-off, or

cash collections of interest applied to principal while the

asset is in nonaccrual status, a holding company may

determine that either the financial asset has similar risk

characteristics with another pool or the credit loss measurement should be performed on an individual financial

asset basis because the financial asset does not share risk

characteristics with other financial assets. Holding companies that measure the ACL on a collective basis shall

allocate the ACL and any noncredit discount or premium

to the individual PCD assets unless the holding company

elected the transition option to account for existing

purchased credit-impaired (PCI) loan pools as PCD pools

upon adoption of ASC Topic 326.

Any difference between the unpaid principal balance of

the PCD asset and the amortized cost basis of the asset as

of the acquisition date is the noncredit discount or

premium. Provided the asset remains in accrual status,

the noncredit discount or premium recorded at acquisition is accreted into interest income over the remaining

life of the PCD asset on a level-yield basis.

In contrast, regardless of whether a PCD asset is in

nonaccrual or accrual status, a holding company is not

permitted to accrete the credit-related discount embedded

in the purchase price of the asset that is attributable to the

acquirer’s assessment of expected credit losses as of the

date of acquisition (i.e., the contractual cash flows the

acquirer did not expect to collect at acquisition). In

addition, interest income should no longer be recognized

on a PCD asset to the extent that the net investment in the

asset would increase to an amount greater than the payoff

amount.

ASC Subtopic 310-10, Receivables—Overall, does not

prohibit a holding company from placing a PCD asset in

nonaccrual status. Because a PCD asset is an acquired

financial asset that, at acquisition, has experienced a

more-than-insignificant deterioration in credit quality

since origination, as determined by an acquiring holding

company’s assessment, the acquiring holding company

must determine upon acquisition whether it is appropriate

to place the PCD asset in accrual status, including

accreting the noncredit discount or premium.

For purposes of these reports, if a holding company has a

PCD asset, including a PCD asset that was previously a

PCI asset or part of a pool of PCI loans, that would

otherwise be required to be placed in nonaccrual status

(see the Glossary entry for “nonaccrual status”), the

holding company may elect to accrue interest income on

the PCD asset and not report the PCD asset as being in

nonaccrual status if the following criteria are met:

(a) The holding company reasonably estimates the

timing and amounts of cash flows expected to be

collected, and

(b) The holding company did not acquire the asset

primarily for the rewards of ownership of the

underlying collateral, such as use of collateral in

operations of the holding company or improving

the collateral for resale.

When a PCD asset that meets the criteria above is not

placed in nonaccrual status, the asset should be subject to

other alternative methods of evaluation to ensure that the

holding company’s net income is not materially overstated. If a holding company is required or has elected to

carry a PCD asset in nonaccrual status, the asset must be

reported as a nonaccrual asset at its amortized cost basis

(fair value for a PCD available-for-sale debt security) in

Schedule HC-N, column C.

For PCD assets for which the holding company has made

a policy election to maintain previously existing pools of

Glossary

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Glossary March 2021
PCI loans upon adoption of ASU 2016-13, the determination of nonaccrual or accrual status should be made at

the pool level, not the individual asset level.

For a PCD asset that is not reported in nonaccrual status,

the delinquency status of the PCD asset should be

determined in accordance with its contractual repayment

terms for purposes of reporting the amortized cost basis

of the asset (fair value for a PCD available-for-sale debt

security) as past due in Schedule HC-N, column A or B,

as appropriate. If the PCD asset that is not reported in

nonaccrual status consists of a pool of loans that was

previously PCI, but is being maintained as a unit of

account after the adoption of ASU 2016-13, delinquency

status should be determined individually for each loan in

the pool in accordance with the individual loan’s contractual repayment terms.

For further information on the reporting of interest

income on PCD assets, holding companies should refer

to the Glossary entry for “nonaccrual status” and ASC

Subtopic 310-10.

Deferred Tax Asset Considerations—A holding company’s provisions for credit losses that increase the

amount of the ACL also increase the amount of the

deductible temporary difference associated with the ACL

and the related deferred tax asset because the provisions

are expensed for financial reporting purposes. These

increases in the ACL typically are not deducted in the

same period for income tax purposes. Tax deductions for

credit losses typically occur in the period when financial

assets are actually charged off. However, an addition to

the ACL as of the acquisition date of a PCD asset (i.e.,

the “gross–up”) does not create such a deductible temporary difference or a deferred tax asset. A holding company’s deferred tax assets should be calculated at the

report date by applying the ′′applicable tax rate′′ based on

the holding company’s total deductible temporary differences. See the Glossary entry for “income taxes” for

information on how to determine the tax effect of such a

temporary difference and the need for any deferred tax

asset valuation allowance.

See also the Glossary entries for “allowance for credit

losses” and “nonaccrual status.”

Purchased Credit-Impaired Loans and Debt Securities: This Glossary entry applies to holding companies

that have not adopted ASC Topic 326, Financial

Instruments—Credit Losses. Holding companies that

have adopted ASC Topic 326 should refer to the Glossary

entry for “purchased credit-deteriorated assets.”

Purchased credit-impaired loans and debt securities are

loans and debt securities that a holding company has

purchased, including those acquired in a purchase business combination, where there is evidence of deterioration of credit quality since the origination of the loan or

debt security and it is probable, at the purchase date, that

the holding company will be unable to collect all contractually required payments receivable. Such loans and debt

securities acquired in fiscal years beginning after December 15, 2004, must be accounted for in accordance with

ASC Subtopic 310-30, Receivables – Loans and Debt

Securities Acquired with Deteriorated Credit Quality.

ASC Subtopic 310-30 does not apply to loans that a bank

has originated.

Under ASC Subtopic 310-30, a purchased creditimpaired loan or debt security is initially recorded at its

purchase price (in a purchase business combination, the

present value of amounts to be received). ASC Subtopic

310-30 limits the yield that may be accreted on the loan

or debt security (the accretable yield) to the excess of the

holding company’s estimate of the undiscounted principal, interest, and other cash flows expected at acquisition

to be collected on the asset over the holding company’s

initial investment in the asset. The excess of contractually required cash flows over the cash flows expected to

be collected on the loan or debt security, which is referred

to as the nonaccretable difference, must not be recognized as an adjustment of yield, loss accrual, or valuation

allowance. Neither the accretable yield nor the nonaccretable difference may be shown on the balance sheet

(Schedule HC). After acquisition, increases in the cash

flows expected to be collected generally should be recognized prospectively as an adjustment of the asset’s yield

over its remaining life. Decreases in cash flows expected

to be collected should be recognized as an impairment.

For purposes of applying the guidance in ASC Subtopic

310-30 to loans not accounted for as debt securities, an

institution may aggregate loans acquired in the same

fiscal quarter that have common risk characteristics and

thereby use a composite interest rate and expectation of

cash flows expected to be collected for the pool. To be

eligible for aggregation, each loan first should be determined individually to meet the scope criteria in the first

sentence of this Glossary entry. After determining that

certain acquired loans individually meet these scope

Glossary

FR Y-9C GL-83

Glossary March 2021
criteria, the institution may evaluate whether such loans

have common risk characteristics, thus permitting the

aggregation of such loans into one or more pools. The

aggregation must be based on common risk characteristics that include similar credit risk or risk ratings, and one

or more predominant risk characteristics, such as financial asset type, collateral type, size, interest rate, date of

origination, term, and geographic location. Upon establishment of a pool of purchased credit-impaired loans,

the pool becomes the unit of account.

Once a pool of purchased credit-impaired loans is

assembled, the integrity of the pool must be maintained.

An institution should remove an individual loan from a

pool of purchased credit-impaired loans only if the

institution sells, forecloses, or otherwise receives assets

in satisfaction of the loan or if the loan is written off.

When an individual loan is removed from a pool of

purchased credit-impaired loans under these circumstances, the loan shall be removed at its carrying amount.

Carrying amount is defined as the loan’s current contractually required payments receivable less its remaining

nonaccretable difference, accretable yield, and any postacquisition loan loss allowance. An institution that

accounts for a pool of purchased credit-impaired loans

with common risk characteristics as one unit of account

may or may not document and maintain data on the

nonaccretable difference and accretable yield on a loanby-loan basis. Accordingly, for purposes of determining

the carrying amount of an individual loan in the pool, an

institution may apply a systematic and rational approach

to allocating the nonaccretable difference and accretable

yield for the pool to an individual loan in the pool. One

acceptable approach is a pro rata allocation of the pool’s

total remaining nonaccretable difference and accretable

yield to an individual loan in proportion to the loan’s

current contractually required payments receivable compared to the pool’s total contractually required payments

receivable.

A refinancing or restructuring of a loan within a pool of

purchased credit-impaired loans should not result in the

removal of the loan from the pool. In addition, a modification of the terms of a loan within a pool of purchased

credit-impaired loans is not considered a troubled debt

restructuring under the scope exceptions in ASC Subtopic 310-40, Receivables - Troubled Debt Restructurings by Creditors. However, a modification of the terms

of a purchased credit-impaired loan accounted for individually must be evaluated to determine whether the

modification represents a troubled debt restructuring that

should be accounted for in accordance with ASC 310-40.

For further information, see the Glossary entry for

“troubled debt restructurings.”

ASC Subtopic 310-30 does not prohibit a holding company from placing a purchased credit-impaired loan

accounted for individually, a pool of purchased creditimpaired loans with common risk characteristics, or a

purchased credit-impaired debt security in nonaccrual

status. Because a loan (including a loan aggregated with

other loans with common risk characteristics) or debt

security accounted for in accordance with ASC Subtopic

310-30 has evidence of deterioration of credit quality

since origination, a purchasing holding company must

determine upon acquisition whether it is appropriate to

recognize the accretable yield as income over the life of

the loan, pool of loans or debt security using the interest

method. In order to apply the interest method, the holding

company must have sufficient information to reasonably

estimate the amount and timing of the cash flows

expected to be collected on a purchased credit-impaired

loan, pool of loans or debt security. When the amount and

timing of the cash flows cannot be reasonably estimated

at acquisition, the holding company should place the

purchased credit-impaired loan, pool of loans or debt

security in a nonaccrual status and then apply the cost

recovery method or cash basis income recognition to the

asset. (For purchased credit-impaired loans with common

risk characteristics that are aggregated and accounted for

as a pool, the determination of nonaccrual or accrual

status should be made at the pool level, not at the

individual loan level.) In addition, if a purchased creditimpaired loan or debt security is acquired primarily for

the rewards of ownership of the underlying collateral,

accrual of income is inappropriate and the loan or debt

security should be placed in nonaccrual status. The

amount of a purchased credit-impaired loan, pool of

loans, or debt security in nonaccrual status should be

reported in the appropriate items of Schedule HC-N, Past

Due and Nonaccrual Loans, Leases, and Other Assets,

column C.

When accrual of income on a purchased credit-impaired

loan or purchased credit-impaired debt security is appropriate (either at acquisition or at a later date when the

amount and timing of the cash flows can be reasonably

estimated), the delinquency status of the asset should be

determined in accordance with its contractual repayment

terms for purposes of reporting the amount of the loan or

Glossary

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Glossary September 2020
debt security as past due in the appropriate items of

Schedule HC-N, column A or B. When accrual of income

on a pool of purchased credit-impaired loans with common risk characteristics is appropriate, delinquency status should be determined individually for each loan in the

pool in accordance with the individual loan’s contractual

repayment terms for purposes of reporting the amount of

individual loans within the pool as past due in the

appropriate items of Schedule HC-N, column A or B.

ASC Subtopic 310-30 prohibits a holding company from

“carrying over” or creating loan loss allowances in the

initial accounting for purchased credit-impaired loans.

This prohibition applies to the purchase of an individual

impaired loan, a pool or group of impaired loans, and

impaired loans acquired in a business combination. However, if, upon evaluation of a purchased credit-impaired

loan held for investment (and not accounted for as a debt

security) subsequent to acquisition, based on current

information and events, it is probable that a holding

company is unable to collect all cash flows expected at

acquisition (plus additional cash flows expected to be

collected arising from changes in estimate after acquisition) on the loan, the purchased credit-impaired loan

should be considered impaired for purposes of establishing an allowance pursuant to ASC Subtopic 450-20,

Contingencies – Loss Contingencies, or ASC Topic 310,

Receivables (formerly FASB Statement No. 114, Accounting by Creditors for Impairment of a Loan), as appropriate. For purchased credit-impaired loans with common

risk characteristics that are aggregated and accounted for

as a pool, this impairment analysis should be performed

subsequent to acquisition at the pool level as a whole and

not at the individual loan level. Holding companies

should include such postacquisition allowances in the

holding company’s allowance for loan and lease losses as

reported in Schedule HC, item 4(c), and Schedule HI-B,

part II, item 7, and disclose the amount of these allowances in Schedule HI-B, part II, Memorandum item 4.

In Schedule HC-C, Loans and Leases, holding companies

should report the amount of a purchased credit-impaired

loan in the appropriate loan category (items 1 through 9).

Neither the accretable yield nor the nonaccretable difference associated with a purchased impaired loan should be

reported as unearned income in Schedule HC-C, item 11.

In addition, holding companies should report in Schedule

HC-C, Memorandum items 5(a) and 5(b), the outstanding

balance and amount, respectively, of all purchased

impaired credit-loans reported as held for investment in

Schedule HC-C. An institution also should report the

outstanding balance and amount of those held-forinvestment purchased credit-impaired loans reported in

Schedule HC-C, part I, Memorandum items 5.a and 5.b,

that are past due 30 through 89 days and still accruing,

past due 90 days or more and still accruing, or in

nonaccrual status as of the report date in Schedule HC-N,

Memorandum items 9.a and 9.b, column A, B, or C,

respectively, in accordance with the past due and nonaccrual guidance provided above in this Glossary entry.

For further information, refer to ASC Subtopic 310-30.

Put Option: See ‘‘Futures, forward, and standby

contracts.’’

Real Estate, Loan Secured By: See ‘‘Loans secured by

real estate.’’

Reciprocal Balances: Reciprocal balances arise when

two depository institutions maintain deposit accounts

with each other, that is, when a subsidiary bank of the

consolidated holding company has both a due to and a

due from balance with another depository institution. For

purposes of the FR Y-9C, reciprocal balances between

subsidiaries of the reporting holding company and other

depository institutions may be reported on a net basis in

accordance with generally accepted accounting principles.

GAAP permits financial institutions to net reciprocal

balances where right of offset exists.

For a definition of “Commercial banks in the U.S.,” see

the Glossary entry for “Banks, U.S. and foreign.”

Reinsurance: Reinsurance is the transfer, with indemnification, of all or part of the underwriting risk from one

insurer to another for a portion of the premium or other

consideration. Reinsurance contacts may be on an excessof-loss or quota-share basis, the latter being when the

primary underwriter and the reinsurer proportionately

share all insured losses from the first dollar. Reinsurance

includes insurance coverage arranged by a holding company affiliate such as a mortgage reinsurance company,

underwritten by another underwriter and then returned or

ceded in part or whole back to the mortgage reinsurance

affiliate.

Reinsurance Recoverables: Reinsurance recoverables

represent reimbursements expected by insurance underwriters, under reinsurance contracts governing underwriting coverage ceded to another insurer, for paid and

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unpaid claims, claim settlement expenses and other policy benefits. Reinsurance recoverables do not include

insurance payments expected by the holding company as

a result of policy claims filed by the company with

insurance underwriters.

Renegotiated “Troubled” Debt: See “Troubled debt

restructuring.”

Repurchase Agreements to Maturity and Long-Term

Repurchase Agreements: See “Repurchase/resale

agreements.”

Repurchase/Resale Agreements: A repurchase agreement is a transaction involving the ‘‘sale’’ of financial

assets by one party to another, subject to an agreement by

the ‘‘seller’’ to repurchase the assets at a specified date

or in specified circumstances. A resale agreement (also

known as a reverse repurchase agreement) is a transaction involving the ‘‘purchase’’ of financial assets by

one party from another, subject to an agreement by the

‘‘purchaser’’ to resell the assets at a specified date or in

specified circumstances.

As stated in the AICPA’s Audit and Accounting Guide for

Banks and Savings Institutions, dollar repurchase agreements (also called dollar rolls) are agreements to sell and

repurchase similar but not identical securities. The dollar

roll market consists primarily of agreements that involve

mortgage-backed securities (MBS). Dollar rolls differ

from regular repurchase agreements in that the securities

sold and repurchased, which are usually of the same

issuer, are represented by different certificates, are collateralized by different but similar mortgage pools (for

example, single-family residential mortgages) and generally have different principal amounts.

General rule—Consistent with ASC Topic 860, Transfers and Servicing, repurchase and resale agreements

involving financial assets (e.g., securities and loans),

including dollar repurchase agreements, are either reported

as (a) secured borrowings and loans or (b) sales and

forward repurchase commitments based on whether the

transferring (‘‘selling’’) institution maintains control over

the transferred assets. (See Glossary entry for ‘‘transfers

of financial assets’’ for further discussion of control

criteria).

If a repurchase agreement both entitles and obligates the

‘‘selling’’ institution to repurchase or redeem the transferred assets from the transferee (‘‘purchaser’’) the ‘‘selling’’ institution should report the transaction as a secured

borrowing if and only if the following conditions have

been met:

(1) The assets to be repurchased or redeemed are the

same or ‘‘substantially the same’’ as those transferred, as defined by ASC Topic 860.

(2) The ‘‘selling’’ institution has the ability to repurchase

or redeem the transferred assets on substantially the

agreed terms, even in the event of default by the

transferee (‘‘purchaser’’). This ability is presumed to

exist if the ‘‘selling’’ institution has obtained cash or

other collateral sufficient to fund substantially all of

the cost of purchasing replacement assets from others.

(3) The agreement is to repurchase or redeem the transferred assets before maturity, at a fixed or determinable price.

(4) The agreement is entered into concurrently with the

transfer.

Participations in pools of securities are to be reported

in the same manner as security repurchase/resale

transactions.

Repurchase agreements reported as secured

borrowings.—If a repurchase agreement qualifies as a

secured borrowing, the ‘‘selling’’ institution should report

the transaction as indicated below based on whether the

agreement involves a security or some other financial

asset.

(1) Securities ‘‘sold’’ under agreements to repurchase are

reported in Schedule HC, item 14(b), ‘‘Securities

sold under agreements to repurchase.’’

(2) Financial assets (other than securities) ‘‘sold’’ under

agreements to repurchase are reported as follows:

(a) If the repurchase agreement has an original

maturity of one business day (or is under a

continuing contract) and is in immediately available funds, it should be reported in Schedule HC,

item 14(a), ‘‘Federal funds purchased (in domestic offices),’’ if it is a domestic office, and in

Schedule HC, item 16, ‘‘Other borrowed money,’’

if it is a foreign office.

(b) If the repurchase agreement has an original

maturity of more than one business day or is not

in immediately available funds, it should be

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reported in Schedule HC, item 16, ‘‘Other borrowed money.’’

In addition, the ‘‘selling’’ institution may need to record

further entries depending on the terms of the agreement.

If the ‘‘purchaser’’ has the right to sell or repledge

noncash assets, the ‘‘selling’’ institution should recategorize the transferred financial assets as ‘‘assets receivable’’

and report them in Schedule HC, item 11, ‘‘Other assets.’’

Otherwise, the financial assets should continue to be

reported in the same asset category as before the transfer

(e.g., securities should continue to be reported in Schedule HC, item 2, ‘‘Securities,’’ or item 5, ‘‘Trading

Assets,’’ as appropriate).

Resale agreements reported as secured borrowings.—

Similarly, if a resale agreement qualifies as a secured

borrowing, the ‘‘purchasing’’ institution should report the

transaction as indicated below based on whether the

agreement involves a security of some other financial

asset.

(1) Securities ‘‘purchased’’ under agreements to resell

reported in Schedule HC, item 3(b), ‘‘Securities

purchased under agreements to resell.’’

(2) Financial assets (other than securities) ‘‘purchased’’

under agreements to resell are reported as follows:

(a) If the resale agreement has an original maturity

of one business day (or is under a continuing

contract) and is in immediately available funds, it

should be reported in Schedule HC, item 3(a),

‘‘Federal funds sold (in domestic offices),’’ if it is

in a domestic office, and in Schedule HC, item

4(b), ‘‘Loans and leases, held for investment,’’ if

it is a foreign office.

(b) If the resale agreement has an original maturity

of more than one business day or is not in

immediately available funds, it should be reported

in Schedule HC, item 4(b), ‘‘Loans and leases,

held for investment.’’

In addition, the “purchasing” institution may need to

record further entries depending on the terms of agreement. If the “purchasing” institution has the right to sell

the noncash assets it has ‘‘purchased’’ and sells these

assets, it should recognize the proceeds from the sale and

report its obligation to return the assets in Schedule HC,

item 20, ‘‘Other liabilities.’’ If the ‘‘selling’’ institution

defaults under the terms of the repurchase agreement and

is no longer entitled to redeem the noncash assets, the

‘‘purchasing’’ institution should recognize these assets on

its own balance sheet (e.g., securities should be reported

in Schedule HC, item 2, ‘‘Securities,’’ or item 5, ‘‘Trading assets,’’ as appropriate) and initially measure them at

fair value. However, if the ‘‘purchasing’’ insitution has

already sold the assets it has ‘‘purchased,’’ it should

derecognize its obligation to return the assets. Otherwise,

the ‘‘purchasing’’ institution should not recognize the

transferred financial assets (i.e., the financial assets ‘‘purchased’’ under the resale agreement) on its balance sheet.

Repurchase/resale agreements reported as sales.—If a

repurchase agreement does not qualify as a secured

borrowing under ASC Topic 860, the selling institution

should account for the transaction as a sale of financial

assets and a forward repurchase commitment. The selling

institution should remove the transferred assets from its

balance sheet, record the proceeds from the sale of

transferred assets (including the forward repurchase commitment) and record any gain or loss on the transaction.

Similarly, if a resale agreement does not qualify as a

borrowing under ASC Topic 860, the purchasing institution should account for the transaction as a purchase of

financial assets and a forward resale commitment. The

purchasing institution should record the transferred assets

on its balance sheet and initially measure them at fair

value, record the payment for the purchased assets

(including the forward resale commitment).

Reserve Balances, Pass-through: See ‘‘Pass-through

reserve balances.’’

Revenue from Contracts with Customers: ASC Topic

606, Revenue from Contracts with Customers, when it

becomes effective as a result of ASU 2014-09,27 provides

guidance on how an entity should recognize revenue

from these transactions. The core principle of Topic 606

is that an entity should recognize revenue at an amount

that reflects the consideration to which it expects to be

entitled in exchange for transferring goods or services to

a customer as part of the entity’s ordinary activities. ASU

27. For Holding companies that are public business entities, as defined

under U.S. GAAP, the new standard is effective for fiscal years beginning

after December 15, 2017, including interim reporting periods within those

fiscal years. For holding companies that are not public business entities

(i.e., that are private companies), the new standard is effective for fiscal

years beginning after December 15, 2018, and interim reporting periods

within fiscal years beginning after December 15, 2019. Early application of

the new standard is permitted. See the Glossary entries for “public business

entity” and “private company” for the definitions of these terms.

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2014-09 also added ASC Topic 610, Other Income, to the

ASC. ASC Topic 610 applies to income recognition that

is not within the scope of ASC Topic 606, other Topics

(such as Topics 840 and 842 on leases, as applicable), or

other revenue or income guidance. ASC Topic 610

applies to an institution’s sales of repossessed nonfinancial assets, such as other real estate owned (OREO). See

the Glossary entry for “foreclosed assets” for guidance

on the accounting and reporting for the sale of OREO and

other repossessed nonfinancial assets

ASC Topic 606 specifically excludes financial instruments and other contractual rights or obligations within

the scope of ASC Topic 310, Receivables; ASC Topic 320,

Investments - Debt Securities; ASC Topic 321, Investments - Equity Securities; ASC Topic 815, Derivatives

and Hedging; ASC Topic 860, Transfers and Servicing,

and certain other ASC Topics. Therefore, many common

revenue streams in the financial sector, such as interest

income, fair value adjustments, gains and losses on sales

of financial instruments, and loan origination fees, are not

within the scope of ASC Topic 606. However, the

provisions of ASC Topic 606 may affect the timing for

the recognition of, and the presentation of, those revenue

streams within the scope of this accounting standard,

such as certain fees associated with credit card arrangements, underwriting fees and costs, and deposit-related

fees. To achieve the core principle described above when

accounting for transactions within the scope of ASC

Topic 606, an institution should apply the following steps

as set forth in ASC Topic 606:

Step 1: Identify the contract(s) with a customer.

Step 2: Identify the performance obligations in the

contract.

Step 3: Determine the transaction price.

Step 4: Allocate the transaction price to the performance

obligations in the contract.

Step 5: Recognize revenue when (or as) the institution

satisfies a performance obligation. For further guidance

on applying these steps, refer to ASC Topic 606.

Sales of Assets for Risk-Based Capital Purposes: This

entry should be read in conjunction with the Federal

Reserve’s final rule revising the regulatory capital treatment of recourse arrangements and direct credit substitutes, including residual interests and credit-enhancing

interest-only strips, which was published on November 29, 2001. This entry provides guidance for determining whether sales of loans, securities, receivables, and

other assets are subject to the agencies’ risk-based capital

standards and are reportable in Schedule HC-R, Regulatory Capital, and Schedule HC-S, Servicing, Securitization and Asset Sale Activities. For information on the

reporting of transfers of financial assets for purposes of

the balance sheet, income statement, and related schedules, see the Glossary entry for ‘‘transfers of financial

assets.’’

For purposes of reporting in Schedules HC-R and HC-S,

some transfers of assets that qualify as sales under

generally accepted accounting principles are subject to

the capital guidelines because they meet the following

definition of “recourse” that is set forth in those guidelines.

Definition of ‘‘recourse’’ for risk-based capital

purposes—As defined in capital guidelines, recourse

means an arrangement in which a holding company

retains, in form or in substance, any credit risk directly or

indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that

exceeds a pro rata share of the holding company’s claim

on the asset. If a holding company has no claim on an

asset it has sold, then the retention of any credit risk is

recourse.

A recourse obligation typically arises when an institution

transfers assets on a sale and retains an obligation to

repurchase the assets or absorb losses due to a default of

principal or interest or any other deficiency in the performance of the underlying obligor or some other party.

Recourse may also exist implicitly where a holding

company provides credit enhancement beyond any contractual obligation to support assets it has sold.

The following are examples of recourse arrangements:

(1) Credit-enhancing representations and warranties made

on the transferred assets, i.e., representations and

warranties that are made in connection with a transfer

of assets (including loan servicing assets) and that

obligate a holding company to protect investors from

losses arising from credit risk in the assets transferred

or the loans serviced. Credit-enhancing representations and warranties include promises to protect a

party from losses resulting from the default or nonperformance of another party or from an insufficiency in the value of collateral. Credit-enhancing

representations and warranties do not include:

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(a) Early-default clauses and similar warranties that

permit the return of, or premium refund clauses

covering, qualifying 1–4 family residential first

mortgage loans, i.e., those that qualify for a

50 percent risk weight for risk-based capital

purposes, for a period of 120 days from the date

of transfer. These warranties may cover only

those loans that were originated within 1 year of

the date of transfer.

(b) Premium refund clauses covering assets guaranteed, in whole or in part, by the U.S. Government, a U.S. Government agency, or a U.S.

Government-sponsored agency, provided the premium refund clauses are for a period not to

exceed 120 days from the date of transfer.

(c) Warranties that permit the return of assets in

instances of fraud, misrepresentation, or incomplete documentation.

(2) Loan servicing assets retained pursuant to an agreement under which the holding company does one or

more of the following:

(a) Is responsible for losses associated with the loans

serviced.

(b) Is responsible for making mortgage servicer cash

advances, i.e., funds that a residential mortgage

servicer advances to ensure an uninterrupted flow

of payments or the timely collection of residential mortgage loans, including disbursements

made to cover foreclosure costs or other expenses

arising from a mortgage loan to facilitate its

timely collection. A mortgage servicer cash

advance is not a recourse obligation if:

(i) the mortgage servicer is entitled to full reimbursement or, for any one residential mortgage loan, nonreimbursable advances are

limited to an insignificant amount of the

outstanding principal on that loan, and

(ii) the servicer’s entitlement to reimbursement

is not subordinated.

(c) Makes credit-enhancing representations and warranties on the serviced loans.

(3) Retained subordinated interests that absorb more

than their pro rata share of losses from the underlying

assets.

(4) Assets sold under an agreement to repurchase, if the

assets are not already included on the balance sheet.

(5) Loan strips sold without contractual recourse where

the maturity of the transferred portion of the loan is

shorter than the maturity of the commitment under

which the loan is drawn.

(6) Credit derivative contracts under which the holding

company retains more than its pro rata share of credit

risk on transferred assets.

(7) Clean-up calls, except that calls that are exercisable

at the option of the holding company (as servicer or

as an affiliate of the servicer) only when the pool

balance is 10 percent or less of the original pool

balance are not recourse.

In addition, all recourse arrangements in the form of

on-balance sheet assets are ‘‘residual interests.’’ The

capital guidelines define ‘‘residual interest’’ to mean

any on-balance sheet asset that represents an interest

(including a beneficial interest) created by a transfer that

qualifies as a sale (in accordance with generally accepted

accounting principles) of financial assets, whether through

a securitization or otherwise, and that exposes a holding

company to credit risk directly or indirectly associated

with the transferred asset that exceeds a pro rata share of

the holding company’s claim on the asset, whether

through subordination provisions or other credit enhancement techniques. In general, residual interests include

credit-enhancing interest-only strips, spread accounts,

cash collateral accounts, retained subordinated interests,

other forms of overcollateralization, accrued but uncollected interest on transferred assets that (when collected)

will be available to serve in a credit-enhancing capacity,

and similar on-balance sheet assets that function as a

credit enhancement.

If an asset transfer that qualifies for sale treatment under

generally accepted accounting principles meets the preceding definition of ‘‘recourse,’’ the transaction must

be treated as an ‘‘asset sale with recourse’’ for purposes

of reporting risk-based capital information in Schedule HC-R. The transaction must also be reported as an

asset sale with recourse in Schedule HC-S, item 1 or

item 11, as appropriate, depending on whether the asset

was securitized by the reporting institution.

Assets transferred in transactions that do not qualify as

sales under generally accepted accounting principles

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should continue to be reported as assets on the balance

sheet and are subject to the capital guidelines.

Summary Description of the Risk-Based Capital Treatment of Recourse Arrangements—Under the capital

guidelines, in general, a holding company must hold

risk-based capital against the entire outstanding amount

of the assets sold with recourse. However, some of the

exceptions to this general rule include the following:

(1) Under the low-level exposure provisions of the capital guidelines, the risk-based capital requirement for

a recourse arrangement is limited to the maximum

contractual loss exposure when this amount is less

than the amount of risk-based capital that would be

required to be held against the entire outstanding

amount of the assets sold.

(2) For a residual interest or other recourse exposure in a

securitization (other than a credit-enhancing interestonly strip) that qualifies for the ratings-based

approach, the required amount of risk-based capital

is determined based on the relative risk of loss of the

residual interest or other recourse exposure.

(3) For a residual interest that does not qualify for the

ratings-based approach, including a credit-enhancing

interest-only strip that is not deducted from Tier 1

capital under the concentration limit, the residual

interest is subject to a dollar-for-dollar capital charge.

(4) Under Section 208 of the Riegle Community Development and Regulatory Improvement Act of 1994,

risk-based capital must be held against the amount of

recourse retained on small business obligations transferred with recourse.

For further information on the reporting of recourse

arrangements for risk-based capital calculation purposes,

refer to the instructions for Schedule HC-R, Regulatory

Capital, including the sections of instructions on ‘‘RiskWeighted Assets’’ and ‘‘Balance Sheet Asset Categories’’ and the instructions for the following Schedule HC-R part II items:

• Item 15, “Retained recourse on small business obligations sold with recourse;”

Interpretations and illustrations of the definition of

‘‘recourse’’ for risk-based capital purposes:

(1) For any given asset transfer, the determination of

whether credit risk is retained by the transferring

institution in excess of a pro rata share of its claim on

the asset is to be based upon the substance of the

transfer agreement or other relevant documents or

informal commitments and understandings, or subsequent actions of the parties to the transactions, not

upon the form or particular terminology used. The

presence of a bona fide ‘‘sale with recourse’’ provision would establish the transaction as an asset sale

with recourse for purposes of risk-based capital and

Schedules HC-R and HC-S. However, the absence

of a recourse provision, the absence of the term

‘‘recourse,’’ even the presence of a statement to the

effect that there is no recourse or, in the case of a

participation, the use of the terms ‘‘pass-through’’ or

‘‘pure pass-through’’ will not by themselves establish

a transaction as a sale that is not subject to risk-based

capital. If other conditions and provisions of the

transfer are such as to leave the transferor with credit

risk as described in the definition of recourse, the

transfer is an asset sale with recourse for purposes of

risk-based capital and Schedules HC-R and HC-S.

(2) If assets are sold subject to specific contractual terms

that limit the seller’s recourse liability to a percentage of the amount of assets sold or to a specific

dollar amount and this percentage or amount exceeds

a pro rata share of the seller’s claim on the assets,

the transaction represents an asset sale with recourse

for risk-based capital purposes. For example, if assets

are sold subject to a ten percent recourse liability

provision (i.e., the seller’s credit risk is limited to ten

percent of the amount of assets sold) with no other

retention of credit risk by the seller, the total outstanding amount of the assets sold is subject to

risk-based capital, not just ten percent of the assets

sold, unless the low level exposure rule applies.

(3) Among the transfers where credit risk has been

retained by the seller and that should be considered

by the seller as asset sales with recourse for purposes

of risk-based capital and Schedules HC-R and HC-S

are arrangements such as the following (this list is

illustrative of the principles involved in the application of the definition of ‘‘recourse’’ and is not

all-inclusive)—

(a) the sale of an asset with a realistic bona fide put

option allowing the purchaser, at its option, to

return the asset to the seller;

(b) the sale of an asset guaranteed by a standby letter

of credit issued by the seller;

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(c) the sale of an asset guaranteed by a standby letter

of credit issued by any other party in which the

credit risk on the asset sold, either directly or

indirectly, rests with the seller;

(d) the sale of an asset guaranteed by an insurance

contract in which the seller, either directly or

indirectly, indemnifies or otherwise protects the

insurer in any manner against credit risk; and

(e) sales and securitizations of assets which use

contractual cash flows (e.g., interest-only strips

receivable and so-called ‘‘spread accounts’’),

retained subordinated interests, or retained securities (e.g., collateral invested amounts and cash

collateral accounts) as credit enhancements.

(4) The sale of a loan or other asset subject to an

agreement under which the seller will pass through to

the purchaser a rate of interest that differs from the

stated rate of interest on the transferred asset would

not, for this reason alone, require the transaction to

be treated as an asset sale with recourse for riskbased capital purposes provided (1) the seller’s obligation to pass interest through to the purchaser is

contingent upon the continued interest payment performance of the underlying obligor of the transferred

asset (i.e., the seller has no obligation to pass interest

through if the obligor defaults in whole or in part on

interest or principal) and (2) none of the other

characteristics of the sale or participation causes the

transaction to meet the definition of ‘‘recourse.’’

(5) The definition of ‘‘recourse’’ applies to all transfers

of assets, including sales of a single asset or of a pool

of assets and sales of participations in a single asset

or in a pool of assets (whether of similar or dissimilar

instruments). In participations that qualify for sale

treatment under generally accepted accounting principles and are not ‘‘syndications’’ (as described in the

Glossary item for that term), the seller of the participations should handle the transfer of shares to participants in accordance with the definition of ‘‘recourse,’’

even though the assets being participated were

acquired or accumulated for the express purpose of

issuing participations and even though the participation was prearranged with the purchasers of the

participations. However, the definition of ‘‘recourse’’

does not apply to the initial operation and distribution of participations in the form of syndications,

since in a syndication there is no transfer of assets

involved of the type to which this definition is

addressed. Any subsequent transfers of shares, or

parts of shares, in a syndicated loan would be subject

to the ‘‘recourse’’ definition.

(6) The definition of “recourse” (and these interpretations and illustrations) is also applicable to asset

transfers that are made to special or limited purpose

entities that are not technically affiliated with the

seller. Regardless of the legal structure of the transaction, if credit risk is retained by the seller, either

contractually or otherwise, either directly or indirectly, the seller should treat the transaction as an

asset sale with recourse for purposes of risk-based

capital and Schedules HC-R and HC-S even if the

sale to the special purpose entity is stated as being

without recourse.

Savings Deposits: See ‘‘Deposits.’’

Securities Activities: Holding companies should categorize their investments in debt securities as trading,

available-for-sale, or held-to-maturity consistent with

ASC Topic 320, Investments-Debt and Equity Securities.

Management should periodically reassess its security

categorization decisions to ensure that they remain appropriate.

Debt and equity securities that are intended to be held

principally for the purpose of selling them in the near

term should be classified as trading assets. Trading

activity includes active and frequent buying and selling

of securities for the purpose of generating profits on

short-term fluctuations in price. Securities held for trading purposes must be reported at fair value on the balance

sheet on HC, item 5, with unrealized gains and losses

recognized in current earnings and regulatory capital.

Holding companies may also elect to report debt securities within the scope of ASC Topic 320 at fair value in

accordance with ASC Subtopic 825-10, Financial Instruments – Overall. Debt securities for which the fair value

option is elected should be classified as trading assets and

reported on the balance sheet in Schedule HC, item 5,

with unrealized gains and losses recognized in current

earnings and regulatory capital. In general, the fair value

option may be elected for an individual security only

when it is first recognized and the election is irrevocable.

Held-to-maturity securities are debt securities that a

holding company has the positive intent and ability to

hold to maturity. Held-to-maturity securities, which are

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generally reported at amortized cost should be reported

on the balance sheet in Schedule HC, item 2(a). The

amortized cost and fair value of held-to-maturity securities are reported by securities category in Schedule

HC-B, columns A and B, respectively. Debt securities

not categorized as trading or held-to-maturity must be

reported as available-for-sale. A holding company must

report its available-for-sale securities at fair value on the

balance sheet generally in Schedule HC, item 2(b), but

unrealized gains and losses on such securities are excluded

from earnings and reported in a separate component of

equity capital (i.e., in Schedule HC, item 26(b), ‘‘Accumulated other comprehensive income’’). The amortized

cost and fair value of available-for-sale debt securities

are reported by securities category in Schedule HC-B,

columns C and D, respectively.

Accounting Standards Update No. 2016-01, “Recognition and Measurement of Financial Assets and Financial

Liabilities” (ASU 2016-01), added Topic 321, Investments – Equity Securities, to the ASC. ASU 2016-01

eliminated the classification of equity securities with

readily determinable fair values not held for trading as

available-for-sale equity securities which were measured

at fair value with changes in fair value generally recognized in other comprehensive income. As a consequence,

all holding companies must measure investments in

equity securities, except those accounted for under the

equity method and those that result in consolidation, at

fair value with changes in fair value recognized in net

income. However, for an equity security not held for

trading that does not have a readily determinable fair

value, ASC Topic 321 permits a holding company to

elect to measure the security at cost minus impairment, if

any, plus or minus changes resulting from observable

price changes in orderly transactions for the identical or a

similar investment of the same issuer. When this measurement alternative is elected for an equity security

without a readily determinable fair value not held for

trading, ASC Topic 321 requires the equity security to be

written down to its fair value, with a charge to earnings,

if a qualitative assessment indicates the security is

impaired and the fair value of the security is less than its

carrying value. For each equity security accounted for

using this measurement alternative, the qualitative assessment must be made each reporting period by qualitatively

considering impairment indicators to evaluate whether

the security is impaired. Impairment indicators that a

holding company should consider include, but are not

limited to, the indicators identified in ASC Subtopic

321-10.

Except for equity investments accounted for under the

equity method and those that result in consolidation,

equity securities with readily determinable fair values not

held for trading should be reported at fair value on the

balance sheet in Schedule HC, item 2(c), and equity

investments without readily determinable fair values not

held for trading should be reported at fair value or using

the measurement alternative described above in Schedule HC-F, item 4.

The measurement guidance for investments in equity

securities in ASC Topic 321 described above also applies

to investments in other ownership interests, such as

interests in partnerships, unincorporated joint ventures,

and limited liability companies. However, the measurement guidance does not apply to Federal Home Loan

Bank stock or Federal Reserve Bank stock which should

be reported in Schedule HC-F, item 4.

Other-Than-Temporary Impairment (ASC Topic 320) –

For holding companies that have adopted ASC Topic

326, Financial Instruments–Credit Losses, this section is

no longer applicable. Refer to the “Impairment of Individual Available-for-Sale Debt Securities (ASC Topic

326)” and “Accounting for Held-to-Maturity Debt Securities (ASC Topic 326)” sections below, as applicable.

Until a holding company has adopted FASB Accounting

Standards Update No. 2016-13 (ASU 2016-13), which

applies to held-to-maturity and available-for-sale debt

securities, when the fair value of a debt security is less

than its amortized cost basis, the security is impaired and

the impairment is either temporary or other than temporary. Under ASC Topic 320, holding companies must

determine whether an impairment of an individual

available-for-sale or held-to-maturity debt security is

other than temporary. To make this determination, holding companies should apply applicable accounting guidance including, but not limited to, ASC Topic 320 and

ASC Subtopic 325-40, Investments—Other—Beneficial

Interests in Securitized Financial Assets.

Under ASC Topic 320, if a holding company intends to

sell a debt security or it is more likely than not that it will

be required to sell the debt security before recovery of its

amortized cost basis, an other-than-temporary impairment has occurred and the entire difference between the

security’s amortized cost basis and its fair value at the

balance sheet date must be recognized in earnings. In

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these cases, the fair value of the debt security would

become its new amortized cost basis.

In addition, under ASC Topic 320, if the present value of

cash flows expected to be collected on a debt security is

less than its amortized cost basis, a credit loss exists. In

this situation, if a holding company does not intend to sell

the security and it is not more likely than not that the

institution will be required to sell the debt security before

recovery of its amortized cost basis less any currentperiod credit loss, an other-than-temporary impairment

has occurred. The amount of the total other-thantemporary impairment related to the credit loss must be

recognized in earnings, but the amount of the total

impairment related to other factors must be recognized in

other comprehensive income, net of applicable taxes.

Until a holding company has adopted ASU 2016-13,

other-than-temporary impairment losses on held-tomaturity and available-for-sale debt securities that must

be recognized in earnings should be included in Schedule

HI, items 6(a) and 6(b), respectively. Other-thantemporary impairment losses that are to be recognized in

other comprehensive income, net of applicable taxes,

should be reported in item 12 of Schedule HI-A, Changes

in Bank Equity Capital, and included on the balance sheet

in Schedule HC, item 26(b), ‘‘Accumulated other comprehensive income.’’ The amount of other-than-temporary

impairment losses on held-to-maturity and available-forsale debt securities recognized in earnings during the

current calendar year-to-date reporting period should be

reported in Schedule HI, Memorandum item 17. For a

held-to-maturity debt security on which the institution has

recognized an other-than-temporary impairment loss related to factors other than credit loss in other comprehensive income, the holding company should report the

carrying value of the debt security in Schedule HC, item

2(a), and in column A of Schedule HC-B, Securities.

Under ASC Topic 320, this carrying value should be the

fair value of the held-to-maturity debt security as of the

date of the most recently recognized other-than-temporary

impairment loss adjusted for subsequent accretion of the

impairment loss related to factors other than credit loss.

Impairment of Individual Available-for-Sale Debt Securities (ASC Topic 326) – This section of this Glossary

entry applies to holding companies that have adopted

ASC Topic 326. Holding companies that have not

adopted ASC Topic 326 should continue to refer to the

“Other-Than-Temporary Impairment (ASC Topic 320)”

section above. For additional information on the maintenance of appropriate allowances for credit losses (ACL),

institutions should also refer to the Interagency Policy

Statement on Allowances for Credit Losses issued in

May 2020.

Standards for the accounting for impairment of availablefor-sale debt securities are set forth in ASC Subtopic

326-30, Financial Instruments–Credit Losses–Availablefor-Sale Debt Securities. Under this subtopic, an availablefor-sale debt security is impaired if its fair value is less

than its amortized cost basis. Thus, as of the end of each

quarter, or more frequently if warranted, a holding company must determine whether a decline in fair value

below the amortized cost basis of an individual availablefor-sale debt security has resulted from a credit loss or

other factors. Credit losses are calculated individually,

rather than collectively, using a discounted cash flow

method to compare the present value of the cash flows

expected to be collected with the amortized cost basis of

the security. An ACL is established, with a charge to the

provision for credit losses, to reflect the credit loss

component of the decline in fair value below amortized

cost. The ACL for an available-for-sale debt security is

limited by the amount that the fair value is less than the

amortized cost basis, which is referred to as the fair value

floor. Noncredit impairment on an available-for-sale debt

security that is not required to be recorded through the

ACL should be reported, net of applicable income taxes,

in Schedule HI-A, item 12, “Other comprehensive

income.”

A holding company must reassess the credit losses on an

individual available-for-sale debt security each quarter

when there is an ACL on the security. The holding

company should record subsequent changes in the ACL

in the period of the change with a corresponding adjustment recorded through a provision for credit losses

included in Schedule HI, item 4. A previously recorded

ACL on an available-for-sale debt security should not be

reversed to an amount below zero.

When evaluating impairment for available-for-sale debt

securities, a holding company may evaluate the amortized cost basis including accrued interest receivable, or

may evaluate the accrued interest receivable separately

from the remaining amortized cost basis. If evaluated

separately, accrued interest receivable is excluded from

both the fair value of the available-for-sale debt security

and its amortized cost basis.

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If a holding company intends to sell an available-for-sale

debt security or will more likely than not be required to

sell the security before recovery of the amortized cost

basis, the security’s ACL should be written off and the

amortized cost basis of the security should be charged

down to its fair value at the reporting date with any

incremental impairment reported in Schedule HI, item

6.b, “Realized gains (losses) on available for sale securities.” The previous amortized cost basis of the debt

security, less the amount of the charge-off, becomes the

new amortized cost basis of the security. This new

amortized cost basis is not increased for subsequent

recoveries in fair value; rather, a subsequent increase in

fair value after charge-off is included in other comprehensive income. The difference between the new amortized

cost basis and the cash flows expected to be collected

should be accreted to interest income according to applicable accounting standards.

A holding company that has available-for-sale debt securities accounted for in accordance with ASC Subtopic

325-40, Investments–Other–Beneficial Interests in Securitized Financial Assets, should refer to that subtopic to

account for changes in cash flows expected to be collected.

Accounting for Expected Credit Losses on Held-toMaturity Debt Securities (ASC Topic 326) – Holding

companies that have not adopted ASC Topic 326 should

continue to refer to the “Other-Than-Temporary Impairment (ASC Topic 320)” section above.

Holding companies that have adopted ASC Topic 326

should refer to the Glossary entry for “allowance for

credit losses” for information on estimating the allowance for credit losses on held-to-maturity debt securities.

Such holding companies should include provisions for

credit losses on held-to-maturity debt securities in Schedule HI, item 4.

Practices Considered Trading Activities – The proper

categorization of securities is important to ensure that

trading gains and losses are promptly recognized in

earnings and regulatory capital. This will not occur when

securities intended to be held for trading purposes are

categorized as held-to-maturity or available-for-sale. The

following practices are considered trading activities:

(1) Gains Trading — Gains trading is characterized by

the purchase of a security and the subsequent sale of

the same security at a profit after a short holding

period, while securities acquired for this purpose that

cannot be sold at a profit are typically retained in the

available-for-sale or held-to-maturity portfolio. Gains

trading may be intended to defer recognition of

losses, as unrealized losses on available-for-sale and

held-to-maturity debt securities do not directly affect

regulatory capital and generally are not reported in

income until the security is sold.

(2) When-Issued Securities Trading — When-issued

securities trading is the buying and selling of securities in the period between the announcement of an

offering and the issuance and payment date of the

securities. A purchase of a ‘‘when-issued’’ security

acquires the risks and rewards of owning a security

and may sell the when-issued security at a profit

before having to take delivery and pay for it. Because

such transactions are intended to generate profits

from short-term price movements, they should be

categorized as trading.

(3) Pair-offs — Pair-offs are security purchase transactions that are closed-out or sold at, or prior to,

settlement date. In a pair-off, an institution commits

to purchase a security. Then, prior to the predetermined settlement date, the institution will pair-off the

purchase with a sale of the same security. Pair-offs

are settled net when one party to the transaction

remits the difference between the purchase and the

sale price to the counterparty. Pair-offs may also

involve the same sequence of events using swaps,

options on swaps, forward commitments, options on

forward commitments, or other off-balance sheet

derivative contracts.

(4) Extended Settlements — In the U.S., regular-way

settlement for federal government and federal agency

securities (except mortgage-backed securities and

derivative contracts) is one business day after the

trade date. Regular-way settlement for corporate and

municipal securities is three business days after the

trade date. For mortgage-backed securities, it can be

up to 60 days or more after the trade date. The use of

extended settlements may be offered by securities

dealers in order to facilitate speculation on the part of

the purchaser, often in connection with pair-off transactions. Securities acquired through the use of a

settlement period in excess of the regular-way settlement periods in order to facilitate speculation should

be reported as trading assets.

(5) Repositioning Repurchase Agreements — A repositioning repurchase agreement is a funding technique

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offered by a dealer in an attempt to enable an

institution to avoid recognition of a loss. Specifically,

an institution that enters into a ‘‘when-issued’’ trade

or a ‘‘pair-off’’ (which may include an extended

settlement) that cannot be closed out at a profit on the

payment or settlement date will be provided dealer

financing in an effort to fund its speculative position

until the security can be sold at a gain. The institution

purchasing the security typically pays the dealer a

small margin that approximates the actual loss in the

security. The dealer then agrees to fund the purchase

of the security, typically buying it back from the

purchaser under a resale agreement. Any securities

acquired through a dealer financing technique such as

a repositioning repurchase agreement that is used to

fund the speculative purchase of securities should be

reported as trading assets.

(6) Short Sales — A short sale is the sale of a security

that is not owned. The purpose of a short sale

generally is to speculate on a fall in the price of the

security. (For further information, see the Glossary

entry for “Short position.”)

Prohibited Practices– One other practice, referred to as

‘‘adjusted trading,’’ is not acceptable under any circumstances. Adjusted trading involves the sale of a security

to a broker or dealer at a price above the prevailing

market value and the contemporaneous purchase and

booking of a different security, frequently a lower-rated

or lower quality issue or one with a longer maturity, at a

price above its market value. Thus, the dealer is reimbursed for losses on the purchase from the institution and

ensured a profit. Such transactions inappropriately defer

the recognition of losses on the security sold and establish an excessive cost basis for the newly acquired

security. Consequently, such transactions are prohibited

and may be in violation of 18 U.S.C. Sections 1001—

False Statements or Entries and 1005—False Entries.

See also the Glossary entries for “accrued interest receivable,” “allowance for credit losses,” “purchased creditdeteriorated assets,” and “trading account.”

Securities Borrowing/Lending Transactions: Securities borrowing/lending transactions are typically initiated

by broker–dealers and other financial institutions that

need specific securities to cover a short sale or a customer’s failure to deliver securities sold. A transferee

(‘‘borrower’’) of securities generally is required to provide ‘‘collateral’’ to the transferor (‘‘lender’’) of securities, commonly cash but sometimes other securities or

standby letters of credit, with a value slightly higher than

that of the securities ‘‘borrowed.’’

Most securities borrowing/lending transactions do not

qualify as sales under ASC Topic 860, Transfers and

Servicing, because the securities borrowing/lending agreement entitles and obligates the securities lender to repurchase or redeem the transferred assets before their maturity. (See the Glossary entry for “transfers of financial

assets” for further discussion of sale criteria.) When such

a transaction does not qualify as a sale, the securities

lender (the transferor) and the securities borrower (the

transferee) should account for the transaction as a secured

borrowing in which cash (or securities that the holder is

permitted by contract or custom to sell or repledge)

received as “collateral” by the securities lender is considered the amount borrowed and the securities “loaned” by

the securities lender are considered pledged as collateral

against the amount borrowed. The securities lender

should recognize the cash or securities received as “collateral” as an asset on its balance sheet with a corresponding liability for the obligation to return the “collateral”

received. The securities lender should continue to report

the “loaned” securities on its balance sheet in the same

asset category as before the transfer, e.g., as available-forsale securities, held-to-maturity securities, or trading

assets, as appropriate. “Loaned” securities that the securities lender reports as available-for-sale or held-tomaturity securities in Schedule HC-B, Securities, should

also be reported as “Pledged securities” in Memorandum

item 1 of that schedule. Similarly, holding companies,

“loaned” securities that the securities lender reports as

trading assets in Schedule HC-D, Trading Assets and

Liabilities, should be reported as “Pledged securities” in

Memorandum item 4.a of that schedule, if applicable.

When a securities borrowing/lending transaction does not

qualify as a sale, the securities borrower should not

recognize at inception the “loaned” securities transferred

to it as assets on its balance sheet. Rather, at the inception

of a transaction in which the securities borrower pledges

cash collateral, the securities borrower should derecognize the cash pledged to the securities lender and recognize a corresponding receivable for the borrower’s claim

on the cash that the securities lender is obligated to return

in the future. If the securities borrower pledges securities

as collateral to the securities lender, the securities borrower should record no balance sheet entry for the

pledged securities at inception, but it should report these

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Glossary March 2020
securities as pledged securities in the Call Report in the

same manner as discussed above for a securities lender. If

the securities lender later defaults under the terms of the

securities borrowing/lending agreement and is no longer

entitled to redeem the “loaned” securities, the securities

lender should remove these securities from its balance

sheet. Additionally, the securities borrower should now

recognize the “loaned” securities as assets on its balance

sheet (and report these securities, e.g., as available-forsale securities, held-to-maturity securities, or trading

assets, as appropriate, if debt securities had been loaned)

and initially measure them at fair value.

If the securities borrowing/lending transaction meets the

criteria for a sale under ASC Topic 860, the lender of the

securities should remove the securities from its balance

sheet, record the proceeds from the sale of the securities

(including the forward repurchase commitment), and recognize any gain or loss on the transaction. The borrower

of the securities should record the securities on its balance sheet at fair value and record the payment for the

purchased assets (including the forward resale commitment).

Securities, Participations in Pools of: See ‘‘Repurchase/

resale agreements.’’

Separate Accounts: Separate accounts are employed by

life insurers to segregate and account for assets and

related liabilities maintained to meet specific investment

objectives of contractholders. The accounts are often

maintained as separate accounting entities for pension

plans as well as fixed benefit, variable annuity and other

products on which the customer and not the insurer

retains all or most of the investment and/or interest rate

risk. Investment income and investment gains and losses

generally accrue directly to such contractholders and are

not accounted for on the general accounts of the insurer.

The carrying values of separate account assets and liabilities usually approximate each other with little associated

capital reflected on the books of the insurer. The assets of

each account are legally segregated and are not subject to

claims that arise out of any other business of the

company.

Servicing Assets and Liabilities: The accounting and

reporting standards for servicing assets and liabilities are

set forth in ASC Subtopic 860-50, Transfers and Servicing – Servicing Assets and Liabilities, and ASC Topic 948,

Financial Services-Mortgage Banking (formerly FASB

Statement No. 65, Accounting for Certain Mortgage

Banking Activities, as amended by Statement No. 140). A

summary of the relevant sections of these accounting

standards follows. For further information, see ASC

Subtopic 860-50, ASC Topic 948, and the Glossary entry

for ‘‘transfers of financial assets.’’

Servicing of mortgage loans, credit card receivables, or

other financial assets includes, but is not limited to,

collecting principal, interest, and escrow payments from

borrowers; paying taxes and insurance from escrowed

funds; monitoring delinquencies; executing foreclosure if

necessary; temporarily investing funds pending distribution; remitting fees to guarantors, trustees, and others

providing services; and accounting for and remitting

principal and interest payments to the holders of beneficial interests in the financial assets. Servicers typically

receive certain benefits from the servicing contract and

incur the costs of servicing the assets.

Servicing is inherent in all financial assets; it becomes a

distinct asset or liability for accounting purposes only in

certain circumstances as discussed below. Servicing

assets result from contracts to service financial assets

under which the benefits of servicing (estimated future

revenues from contractually specified servicing fees, late

charges, and other ancillary sources) are expected to

more than adequately compensate the servicer for performing the servicing. Servicing liabilities result from

contracts to service financial assets under which the

benefits of servicing are not expected to adequately

compensate the servicer for performing the servicing.

Contractually specified servicing fees are all amounts

that, per contract, are due to the servicer in exchange for

servicing the financial asset and would no longer be

received by a servicer if the beneficial owners of the

serviced assets or their trustees or agents were to exercise

their actual or potential authority under the contract to

shift the servicing to another servicer. Adequate compensation is the amount of benefits of servicing that would

fairly compensate a substitute servicer should one be

required, including the profit that would be demanded by

a substitute servicer in the marketplace.

A holding company must recognize and initially measure

at fair value a servicing asset or a servicing liability each

time it undertakes an obligation to service a financial

asset by entering into a servicing contract in any of the

following situations:

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(1) The holding company’s transfer of an entire financial

asset, a group of entire financial assets, or a participating interest in an entire financial asset that meets

the requirements for sale accounting; or

(2) An acquisition or assumption of a servicing obligation that does not relate to financial assets of the

holding company or its consolidated affiliates included

in the FR Y-9C report.

If a holding company sells a participating interest in an

entire financial asset, it only recognizes a servicing asset

or servicing liability related to the participating interest

sold.

A holding company that transfers its financial assets to an

unconsolidated entity in a transfer that qualifies as a sale

in which the holding company obtains the resulting

securities and classifies them as debt securities held-tomaturity in accordance with ASC Topic 320, Investments–

Debt Securities, may either separately recognize its servicing assets or servicing liabilities or report those

servicing assets or servicing liabilities together with the

assets being serviced.

A holding company should account for its servicing

contract that qualifies for separate recognition as a servicing asset or servicing liability initially measured at fair

value regardless of whether explicit consideration was

exchanged. A holding company that transfers or securitizes financial assets in a transaction that does not meet

the requirements for sale accounting under ASC Topic

860 and is accounted for as a secured borrowing with the

underlying financial assets remaining on the holding

company’s balance sheet must not recognize a servicing

asset or a servicing liability.

After initially measuring a servicing asset or servicing

liability at fair value, a holding company should subsequently measure each class of servicing assets and servicing liabilities using either the amortization method or the

fair value measurement method. The election of the

subsequent measurement method should be made separately for each class of servicing assets and servicing

liabilities. A holding company must apply the same

subsequent measurement method to each servicing asset

and servicing liability in a class. Each holding company

should identify its classes of servicing assets and servicing liabilities based on (a) the availability of market

inputs used in determining the fair value of servicing

assets and servicing liabilities, (b) the holding company’s

method for managing the risks of its servicing assets or

servicing liabilities, or (c) both. Different elections can be

made for different classes of servicing. For a class of

servicing assets and servicing liabilities that is subsequently measured using the amortization method, a holding company may change the subsequent measurement

method for that class of servicing by making an irrevocable decision to elect the fair value measurement method

for that class at the beginning of any fiscal year. Once a

holding company elects the fair value measurement

method for a class of servicing, that election must not be

reversed.

Under the amortization method, all servicing assets or

servicing liabilities in the class should be amortized in

proportion to, and over the period of, estimated net

servicing income for assets (servicing revenues in excess

of servicing costs) or net servicing loss for liabilities

(servicing costs in excess of servicing revenues). The

servicing assets or servicing liabilities should be assessed

for impairment or increased obligation based on fair

value at each quarter-end report date. The servicing

assets within a class should be stratified into groups

based on one or more of the predominant risk characteristics of the underlying financial assets. If the carrying

amount of a stratum of servicing assets exceeds its fair

value, the holding company should separately recognize

impairment for that stratum by reducing the carrying

amount to fair value through a valuation allowance for

that stratum. The valuation allowance should be adjusted

to reflect changes in the measurement of impairment

subsequent to the initial measurement of impairment. For

the servicing liabilities within a class, if subsequent

events have increased the fair value of the liability above

the carrying amount of the servicing liabilities, the

holding company should recognize the increased obligation as a loss in current earnings.

Under the fair value measurement method, all servicing

assets or servicing liabilities in a class should be measured at fair value at each quarter-end report date.

Changes in the fair value of these servicing assets and

servicing liabilities should be reported in earnings in the

period in which the changes occur.

For purposes of the FR Y-9C, servicing assets resulting

from contracts to service loans secured by real estate (as

defined for Schedule HC-C, item 1, in the Glossary entry

for ‘‘Loans secured by real estate’’) should be reported in

Schedule HC-M, item 12(a), ‘‘Mortgage servicing assets.’’

Servicing assets resulting from contracts to service all

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other financial assets should be reported in Schedule

HC-M, item 12(c), ′′All other intangible assets.′′ When

reporting the carrying amount of mortgage servicing

assets in Schedule HC-M, item 12(a), and nonmortgage

servicing assets in Schedule HC-M, item 12(b), holding

companies should include all classes of servicing

accounted for under the amortization method as well as

all classes of servicing accounted for under the fair value

measurement method. The fair value of all recognized

mortgage servicing assets should be reported in Schedule

HC-M, item 12(a)(1), regardless of the subsequent measurement method applied to these assets. The servicing

asset carrying amounts reported in Schedule HC-M,

items 12(a) should be used when determining the amount

of such assets, net of associated deferred tax liabilities,

that exceed the common equity tier 1 capital deduction

thresholds in Schedule HC-R, Part I. Changes in the fair

value of any class of servicing assets and servicing

liabilities accounted for under the fair value measurement

method should be included in earnings in Schedule HI,

item 5(f), ‘‘Net servicing fees.’’ In addition, certain

information about assets serviced by the reporting holding company should be reported in Schedule HC-S,

Servicing, Securitization, and Asset Sale Activities.

Settlement Date Accounting: See “Trade date and

settlement date accounting.”

Shell Branches: Shell branches are limited service

branches of banks that do not conduct transactions with

residents, other than with other shell branches, in the

country in which they are located. Transactions at shell

branches are usually initiated and effected by their head

office or by other related branches outside the country in

which the shell branches are located, with records and

supporting documents maintained at the initiating offices.

Examples of such locations are the Bahamas and the

Cayman Islands.

Short Position: When a holding company or its consolidated subsidiaries sell an asset that they do not own or

sell more of an asset than they own, they have established

a short position. If a holding company or its subsidiaries

are in a short position with respect to a particular asset on

the report date, the holding company shall report its

liability to purchase the asset in Schedule HC, item 15,

‘‘Trading liabilities.’’ In this situation, the right to receive

payment shall be reported in Schedule HC, item 11,

‘‘Other assets.’’ Because short positions are reported as

trading liabilities, each short position should be reported

and measured at fair value as defined by ASC Topic 820,

Fair Value Measurement. Changes in the fair value

measurement of trading liabilities should be recognized

on Schedule HI, item 5.c, “Trading revenue.” Short

trading positions shall be revalued consistent with the

method used by the reporting holding company for the

valuation of its trading account assets.

For FR Y-9C Report purposes, if a holding company or

its subsidiaries hold a trading asset (i.e., a long position)

and sell more of the identical trading asset than they own,

the holding company may report the net amount of the

long and short positions as a trading liability only if an

identical unique identifier, such as a CUSIP or ISIN

number,28 is used to determine such net amount and the

holding company has determined that this reporting

treatment is appropriate under U.S. GAAP.

Standby Contract: See “Futures, forward, and standby

contracts.′′

Standby Letter of Credit: See “Letter of credit.“

Start-Up Activities: Guidance on the accounting and

reporting for the costs of start-up activities, including

organization costs, is set forth in ASC Subtopic 720-15,

Other Expenses – Start-Up Costs. A summary of this

accounting guidance follows. For further information,

see ASC Subtopic 720-15.

Start-up activities are defined broadly as those one-time

activities related to opening a new facility, introducing a

new product or service, conducting business in a new

territory, conducting business with a new class of customer, or commencing some new operation. Start-up

activities include activities related to organizing a new

entity, such as a new holding company, the costs of which

are commonly referred to as organization costs. Organization costs for a holding company are the direct costs

incurred to incorporate the holding company. Such costs

include, but are not limited to, professional (e.g., legal,

accounting, and consulting) fees and printing costs

directly related to the incorporation process, and the cost

of economic impact studies. Costs of start-up activities,

including organization costs, should be expensed as

incurred. Costs of acquiring or constructing premises and

fixed assets and getting them ready for their intended use

are not start-up costs, but costs of using such assets that

28. A Committee on Uniform Securities Identification Procedures

(CUSIP) number or an International Securities Identification Number

(ISIN) is used to uniquely identify a specific security.

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are allocated to start-up activities (e.g., depreciation of

computers) are considered start-up costs.

For a new holding company, pre-opening expenses such

as salaries and employee benefits, rent, depreciation,

supplies, directors’ fees, training, travel, postage, and

telephone are considered start-up costs. Pre-opening

income earned and expenses incurred from the holding

company’s inception through the date the holding company commences operations should be reported in the

income statement using one of the two following methods, consistent with the manner in which the reporting

holding company reports pre-opening income and

expenses for other financial reporting purposes: (1) Preopening income and expenses for the entire period from

the holding company’s inception through the date the

holding company commences operations should be

reported in the appropriate items of Schedule HI, Consolidated Report of Income, each quarter during the

calendar year in which operations commence; or (2) The

net amount of pre-opening income and expenses for the

period from the holding company’s inception until the

beginning of the calendar year in which the holding

company commences operations should be included,

along with the holding company’s opening (original)

equity capital, in Schedule HI-A, item 14, ‘‘Other adjustments to equity capital (not included above).’’ The net

amount of these pre-opening income and expenses should

be identified and described in the ‘‘Notes to the Income

Statement.’’ Pre-opening income earned and expenses

incurred during the calendar year in which the holding

company commences operations should be reported in

the appropriate items of Schedule HI, Consolidated

Report of Income, each quarter during the calendar year

in which operations commence.

The organization costs of forming a holding company

and the costs of other holding company start-up activities

are sometimes paid by the bank that will be owned by the

holding company. These are the holding company’s

costs, whether or not the holding company formation is

successful, and they should be reported as expenses of

the holding company.

STRIPS: See “Coupon Stripping, Treasury Receipts, and

STRIPS.”

Subordinated Notes and Debentures: A subordinated

note or debenture is a form of debt issued by a holding

company or its subsidiaries. When issued by a subsidiary

bank, a subordinated note or debenture is not insured by a

federal agency, is subordinated to the claims of depositors, has an original weighted average maturity of five

years or more. Such debt shall be issued by a bank with

the approval of, or under the rules and regulations of, the

appropriate federal bank supervisory agency (i.e., the

Board of Governors of the Federal Reserve System, the

Office of the Comptroller of the Currency, or the Federal

Deposit Insurance Corporation).

When issued by a holding company or its consolidated

nonbank subsidiaries, a subordinated note or debenture is

a form of unsecured long-term debt that is subordinated

to other debt of the consolidated holding company.

Both notes and debentures subordinated to deposits and

other subordinated notes and debentures of the holding

company are to be reported in Schedule HC, item 19(a),

‘‘Subordinated notes and debentures.’’

Subsidiaries: The treatment of subsidiaries in the FR

Y-9C depends upon the degree of ownership held by the

reporting holding company.

The term ‘‘subsidiary’’ is defined under Section 225. 2 of

Federal Reserve Regulation Y, which generally includes

companies 25 percent or more owned or controlled by

another company. For savings and loan holding companies the term ‘‘subsidiary,’’ is defined by Section 238.2

of Federal Reserve Regulation LL, which generally

includes companies more than 25 percent owned or

controlled by another company. However, for purposes of

the Consolidated Financial Statements for Holding Companies, a subsidiary is a company in which the parent

holding company directly or indirectly owns more than

50 percent of the outstanding voting stock.

An associated company is a corporation in which the

holding company, directly or indirectly, owns 20 to 50 percent of the outstanding voting stock and over which the

holding company exercises significant influence. This 20

to 50 percent ownership is presumed to carry ‘‘significant’’ influence unless the holding company can demonstrate the contrary to the satisfaction of the Federal

Reserve.

A corporate joint venture is a corporation owned and

operated by a group of companies (‘‘joint venturers’’), no

one of which has a majority interest, as a separate and

specific business or project for the mutual benefit of the

joint venturers. Each joint venturer may participate,

directly or indirectly, in the management of the joint

venture. An entity that is a majority-owned subsidiary

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FR Y-9C GL-99

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of one of the joint venturers is not a corporate joint

venture.

Certain subsidiaries (as specified in the General Instructions section of this book) must be consolidated on the

FR Y-9C. The equity ownership in subsidiaries that are

not consolidated on the FR Y-9C and in associated

companies is accounted for using the equity method of

accounting and is reported in Schedule HC, item 8,

‘‘Investments in unconsolidated subsidiaries and associated companies.’’

Ownership in a corporate joint venture is to be treated in

the same manner as an associated company (defined

above) only to the extent that the equity share represents

significant influence over management. Otherwise, equity

holdings in a joint venture are treated as holdings of

corporate stock and income is recognized only when

distributed in the form of dividends.

“Super NOW” Account: See “Deposits.”

Suspense Accounts: Suspense accounts are temporary

holding accounts in which items are carried until they can

be identified and their disposition to the proper account

can be made. The items included in these accounts should

be reviewed and should be reported in the appropriate

accounts of the FR Y-9C.

Syndications: A syndication is a participation, usually

involving shares in a single loan, in which several

participants agree to enter into an extension of credit

under a bona fide binding agreement that provides that,

regardless of any even each participant shall fund and be

at risk only up to a specified percentage of the total

extension of credit or up to a specified dollar amount. In a

syndication, the participants agree to the terms of the

participation prior to the execution of the final agreement

and the contract is executed by the obligor and by all the

participants, although there is usually a lead institution

organizing or managing the credit. Large commercial and

industrial loans, large loans to finance companies, and

large foreign loans may be handled through such syndicated participations.

Each participant in the syndicate, including the lead bank

of the holding company, records its own share of the

participated loan and the total amount of the loan is not

entered on the books of one bank to be shared through

transfers of loans. Thus, the initial operation and distribution of this type of participation does not require a

determination as to whether a transfer that should be

accounted for as a sale has occurred. However, any

subsequent transfers of shares, or parts of shares, in the

syndicated loan would be subject to the provisions of

ASC Topic 860, Transfers and Servicing (formerly FASB

Statement No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities, as amended), governing whether these transfers

should be accounted for as a sale or a secured borrowing.

(See the Glossary entry for ‘‘transfers of financial assets.’’)

Telephone Transfer Account: See ‘‘Deposits.’’

Term Federal Funds: See ‘‘Federal funds transactions.’’

Time Deposits: See ‘‘Deposits.’’

Trade Date and Settlement Date Accounting: Transactions in securities and trading account assets (including

money market instruments) should be reported on the

basis of trade date accounting in accordance with generally accepted accounting principles. However, if the

reported amounts under settlement date accounting would

not be materially different from those under trade date

accounting, settlement date accounting is acceptable.

Whichever method a holding company elects should be

used consistently, unless the holding company has elected

settlement date accounting and subsequently decides to

change to the preferred trade date method.

Under trade date accounting, assets purchased shall be

recorded in the appropriate asset category on the trade

date and the holding company’s (or its consolidated

subsidiaries’) obligation to pay for those assets shall be

reported in ‘‘Other liabilities.’’ Conversely, when an asset

is sold, it shall be removed on the trade date from the

asset category in which it was recorded, and the proceeds

receivable resulting from the sale shall be reported in

‘‘Other assets.’’ Any gain or loss resulting from such

transaction shall also be recognized on the trade date. On

the settlement date, disbursement of the payment or

receipt of the proceeds will eliminate the respective

‘‘Other liability’’ or ‘‘Other asset’’ entry resulting from

the transaction.

Under settlement date accounting, assets purchased are

not recorded until settlement date. On the trade date, no

entries are made. Upon receipt of the assets on the

settlement date, the asset is reported in the proper asset

category and payment is disbursed. The selling holding

company (or its consolidated subsidiaries) on the trade

date, would make no entries. On settlement date, the

selling holding company would reduce the appropriate

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asset category and reflect the receipt of the payment. Any

gain or loss resulting from such transaction would be

recognized on the settlement date.

Trading Account: Trading activities typically include

(a) regularly underwriting or dealing in securities; interest rate, foreign exchange rate, commodity, equity, and

credit derivative contracts; other financial instruments;

and other assets for resale, (b) acquiring or taking

positions in such items principally for the purpose of

selling in the near term or otherwise with the intent to

resell in order to profit from short-term price movements,

and (c) acquiring or taking positions in such items as an

accommodation to customers, provided that acquiring or

taking such positions meets the definition of “trading” in

ASC Topic 320, Investments–Debt Securities, and ASC

Topic 815, Derivatives and Hedging, and the definition of

“trading purposes” in ASC Topic 815.

For purposes of the Consolidated Financial Statement for

Holding Companies, all debt securities within the scope

of ASC Topic 320, Investments-Debt and Equity Securities, that a holding company has elected to report at fair

value under a fair value option with changes in fair value

reported in current earnings should be classified as

trading securities. In addition, for purposes of these

reports, holding companies may classify assets (other

than securities within the scope of ASC Topic 320 for

which a fair value option is elected) and liabilities as

trading if the holding company applies fair value accounting, with changes in fair value reported in current earnings, and manages these assets and liabilities as trading

positions, subject to the controls and applicable regulatory guidance related to trading activities. For example, a

holding company would generally not classify a loan to

which it has applied the fair value option as a trading

asset unless the holding company holds the loan, which it

manages as a trading position, for one of the following

purposes: (1) for market making activities, including

such activities as accumulating loans for sale or securitization; (2) to benefit from actual or expected price

movements; or (3) to lock in arbitrage profits.

All trading assets should be segregated from a holding

company’s other assets and reported in Schedule HC,

item 5, ‘‘Trading assets.’’ In addition, holding companies

that reported average trading assets (Schedule HC-K,

item 4(a)) of $2 million or more in any of the four

preceding calendar quarters should detail the types of

assets and liabilities in the trading account in Schedule

HC-D, Trading Assets and Liabilities, and the levels

within the fair value measurement hierarchy in which the

trading assets and liabilities fall in Schedule HC-Q,

Financial Assets and Liabilities Measured at Fair Value

on a Recurring Basis. A holding company’s failure to

establish a separate account for assets that are used for

trading purposes does not prevent such assets from being

designated as trading for purposes of this report. For

further information, see ASC Topic 320.

All trading account assets should be reported at their fair

value as defined by ASC Topic 820, Fair Value Measurement, with unrealized gains and losses recognized in

Schedule HI, item 5c, ′′Trading revenue.′′ When a security

or other asset is acquired, a holding company should

determine whether it intends to hold the asset for trading

or for investment (e.g., for securities, available-for-sale or

held-to-maturity). A holding company should not record a

newly acquired asset in a suspense account and later

determine whether it was acquired for trading or investment purposes. Regardless of how a holding company

categorizes a newly acquired asset, management should

document its decision.

All trading liabilities should be segregated from other

transactions and reported in Schedule HC, item 15,

‘‘Trading liabilities.’’ The trading liability account

includes the fair value of derivative contracts held for

trading that are in loss positions and short positions

arising from sales of securities and other assets that the

holding company does not own. (See the Glossary entry

for ‘‘short position.’’) Trading account liabilities should

be reported at fair value as defined by ASC Topic 820

with unrealized gains and losses recognized in Schedule HI, item 5c, ′′Trading revenue.′′

Given the nature of the trading account, transfers into or

from the trading category should be rare. Transfers

between a trading account and any other account of the

holding company must be recorded at fair value at the

time of the transfer. For a security transferred from the

trading category, the unrealized holding gain or loss at

the date of the transfer will already have been recognized

in earnings and should not be reversed. For a security

transferred into the trading category, the unrealized holding gain or loss at the date of the transfer should be

recognized in earnings.

Transaction Account: See ‘‘Deposits.’’

Transfers of Financial Assets: The accounting and

reporting standards for transfers of financial assets are set

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FR Y-9C GL-101

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forth in ASC Topic 860, Transfers and Servicing. Holding companies must follow ASC Topic 860 for purposes

of these reports. ASC Topic 860 limits the circumstances

in which a financial asset, or a portion of a financial asset,

should be derecognized when the transferor has not

transferred the entire original financial asset or when the

transferor has continuing involvement with the transferred financial asset. ASC Topic 860 also defines a

‘‘participating interest’’ (which is discussed more fully

below) and collectively establish the accounting and

reporting standards for loan participations, syndications,

and other transfers of portions of financial assets. A

summary of these accounting and reporting standards

follows. For further information, see ASC Topic 860.

A financial asset is cash, evidence of an ownership

interest in another entity, or a contract that conveys to the

holding company a contractual right either to receive

cash or another financial instrument from another entity

or to exchange other financial instruments on potentially

favorable terms with another entity. Most of the assets on

a holding company’s balance sheet are financial assets,

including balances due from depository institutions, securities, federal funds sold, securities purchased under

agreements to resell, loans and lease financing receivables, and interest-only strips receivable.29 However,

servicing assets are not financial assets. Financial assets

also include financial futures contracts, forward contracts, interest rate swaps, interest rate caps, interest rate

floors, and certain option contracts.

A transferor is an entity that transfers a financial asset, an

interest in a financial asset, or a group of financial assets

that it controls to another entity. A transferee is an entity

that receives a financial asset, an interest in a financial

asset, or a group of financial assets from a transferor.

In determining whether a holding company has surrendered control over transferred financial assets, the holding company must first consider whether the entity to

which the financial assets were transferred would be

required to be consolidated by the holding company. If it

is determined that consolidation would be required by the

holding company, then the transferred financial assets

would not be treated as having been sold in the FR Y-9C

report even if all of the other provisions listed below are

met.30

Determining Whether a Transfer Should be Accounted

for as a Sale or a Secured Borrowing - A transfer of an

entire financial asset, a group of entire financial assets, or

a participating interest in an entire financial asset in

which the transferor surrenders control over those financial assets shall be accounted for as a sale if and only if

all of the following conditions are met:

(1) The transferred financial assets have been isolated

from the transferor, i.e., put presumptively beyond

the reach of the transferor and its creditors, even in

bankruptcy or other receivership. Transferred financial assets are isolated in bankruptcy or other receivership only if the transferred financial assets would

be beyond the reach of the powers of a bankruptcy

trustee or other receiver for the transferor or any of

its consolidated affiliates included in the financial

statements being presented. For multiple step transfers, an entity that is designed to make remote the

possibility that it would enter bankruptcy or other

receivership (bankruptcy-remote entity) is not considered a consolidated affiliate for purposes of performing the isolation analysis. Notwithstanding the

isolation analysis, each entity involved in the transfer

is subject to the applicable guidance on whether it

must be consolidated.

(2) Each transferee (or, if the transferee is an entity

whose sole purpose is to engage in securitization or

asset-backed financing activities and that entity is

constrained from pledging or exchanging the assets it

receives, each third-party holder of its beneficial

interest) has the right to pledge or exchange the

assets (or beneficial interests) it received, and no

condition both constrains the transferee (or thirdparty holder of its beneficial interests) from taking

advantage of its right to pledge or exchange and

provides more than a trivial benefit to the transferor.

(3) The transferor, its consolidated affiliates included in

the financial statements being presented, or its agents

do not maintain effective control over the transferred

financial assets or third-party beneficial interests

29. ASC Topic 860 defines an interest-only strip receivable as the

contractual right to receive some or all of the interest due on a bond,

mortgage loan, collateralized mortgage obligation, or other interest-bearing

financial asset.

30. The requirements in ASC Subtopic 810-10 Consolidation–Overall

should be applied to determine when a variable interest entity should be

consolidated. For further information, refer to the Glossary entry for

“variable interest entity.”

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related to those transferred assets. Examples of a

transferor’s effective control over the transferred

financial assets include, but are not limited to (a) an

agreement that both entitles and obligates the

transferor to repurchase or redeem the transferred

financial assets before their maturity, (b) an agreement that provides the transferor with both the

unilateral ability to cause the holder to return specific

financial assets and a more-than-trivial benefit attributable to that ability, other than through a cleanup

call, or (c) an agreement that permits the transferee to

require the transferor to repurchase the transferred

financial assets at a price that is so favorable to the

transferee that it is probable that the transferee will

require the transferor to repurchase them.

If a transfer of an entire financial asset, a group of entire

financial assets, or a participating interest in an entire

financial asset does not meet the conditions for sale

treatment, or if a transfer of a portion of an entire

financial interest does not meet the definition of a participating interest (discussed below), the transferor and the

transferee shall account for the transfer as a secured

borrowing with pledge of collateral. The transferor shall

continue to report the transferred financial assets in its

financial statements with no change in their measurement

(i.e., the original basis of accounting for the transferred

financial assets is retained).

Accounting for a Transfer of an Entire Financial Asset or

a Group of Entire Financial Assets That Qualifies as a

Sale31 - Upon the completion of a transfer of an entire

financial asset or a group of entire financial assets that

satisfies all three of the conditions to be accounted for as

a sale, the transferee(s) (i.e., purchaser(s)) must recognize all assets obtained and any liabilities incurred and

initially measure them at fair value. The transferor (seller)

should:

(1) Derecognize or remove the transferred financial

assets from the balance sheet.

(2) Recognize and initially measure at fair value servicing assets, servicing liabilities, and any other assets

obtained (including a transferor’s beneficial interest

in the transferred financial assets) and liabilities

incurred in the sale.

(3) Recognize in earnings any gain or loss on the sale.

If, as a result of a change in circumstances, a holding

company transferor regains control of a transferred financial asset after a transfer that was previously accounted

for as a sale because one or more of the conditions for

sale accounting in ASC Topic 860 are no longer met or a

transferred portion of an entire financial asset no longer

meets the definition of a participating interest, such a

change generally should be accounted for in the same

manner as a purchase of the transferred financial asset

from the former transferee (purchaser) in exchange for a

liability assumed. The transferor should recognize

(rebook) the financial asset on its balance sheet together

with a liability to the former transferee, measuring the

asset and liability at fair value on the date of the change

in circumstances. If the rebooked financial asset is a loan,

it must be reported as a loan in Schedule HC-C, either as

a loan held for sale or a loan held for investment, based

on facts and circumstances, in accordance with generally

accepted accounting principles. The liability to the former transferee should be reported as a secured borrowing

in Schedule HC, item 16, ‘‘Other borrowings.’’ This

accounting and reporting treatment applies, for example,

to U.S. Government-guaranteed or -insured residential

mortgage loans backing Government National Mortgage

Association (GNMA) mortgage-backed securities that a

holding company services after it has securitized the

loans in a transfer accounted for as a sale. If and when

individual loans later meet delinquency criteria specified

by GNMA, they are eligible for repurchase (buy-back)

and the holding company is deemed to have regained

effective control over these loans. The delinquent loans

must be brought back onto the holding company’s books

and recorded as loans, regardless of whether the holding

company intends to exercise the buy-back option.

Holding companies should refer to ASC Topic 860 for

implementation guidance for accounting for transfers of

certain lease receivables, securities lending transactions,

repurchase agreements including ‘‘dollar rolls,’’ ‘‘wash

sales,’’ loan syndications, loan participations (discussed

below), risk participations in bankers acceptances, factoring arrangements, and transfers of receivables with

recourse. However, these standards do not provide guidance on the accounting for most assets and liabilities

recorded on the balance sheet following a transfer

31. The guidance in this section of this Glossary entry does not apply to

a transfer of a participating interest in an entire financial asset that qualifies

as a sale. The accounting for such a transfer is discussed in a separate

section later in this Glossary entry.

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accounted for as a sale. As a result, after their initial

measurement or carrying amount allocation, these assets

and liabilities should be accounted for in accordance with

the existing generally accepted accounting principles

applicable to them.

Participating Interests — Before considering whether

the conditions to be accounted for as a sale have been met

(as discussed above), the transfer of a portion of an entire

financial asset must first meet the definition of a participating interest. If the transferred portion of the entire

financial asset is a qualifying participating interest (as

defined below), then it should be determined whether the

transfer of the participating interest meets the sales

conditions discussed above. A participating interest in an

entire financial asset, as defined by ASC Topic 860, has

all of the following characteristics:

(1) From the date of the transfer, it must represent a

proportionate (pro rata) ownership interest in an

entire financial asset;

(2) From the date of the transfer, all cash flows received

from the entire financial asset, except any cash flows

allocated as compensation for servicing or other

services performed (which must not be subordinated

and must not significantly exceed an amount that

would fairly compensate a substitute service provider

should one be required), must be divided proportionately among the participating interest holders in an

amount equal to their share of ownership;

(3) The rights of each participating interest holder (including the lead lender) must have the same priority, no

interest is subordinated to another interest, and no

participating interest holder has recourse to the lead

lender or another participating interest holder other

than standard representations and warranties and

ongoing contractual servicing and administration

obligations; and

(4) No party has the right to pledge or exchange the

entire financial asset unless all participating interest

holders agree to do so.

Thus, under ASC Topic 860, so-called ‘‘last-in, first-out’’

(LIFO) participations in which all principal cash flows

collected on the loan are paid first to the party acquiring

the participation do not meet the definition of a participating interest. Similarly, so-called ‘‘first-in, first-out’’

(FIFO) participations in which all principal cash flows

collected on the loan are paid first to the lead lender do

not meet the definition of a participating interest. As a

result, neither LIFO nor FIFO participations transferred

on or after the beginning of a holding company’s first

annual reporting period that begins after November 15,

2009 (i.e., January 1, 2010, for a holding company with a

calendar year fiscal year) will qualify for sale accounting

and instead must be reported as secured borrowings.

The participating interest definition also applies to transfers of government-guaranteed portions of loans, such as

those guaranteed by the Small Business Administration

(SBA). In this regard, for a transfer of the guaranteed

portion of an SBA loan at a premium that settled before

February 15, 2011, the “seller” was obligated by the SBA

to refund the premium to the “purchaser” if the loan was

repaid within 90 days of the transfer. This premium

refund obligation was a form of recourse, which meant

that the transferred guaranteed portion of the loan did not

meet the definition of a “participating interest” for the

90-day period that the premium refund obligation existed.

As a result, the transfer was required to be accounted for

as a secured borrowing during this period. After the

90-day period, assuming the transferred guaranteed portion and the retained unguaranteed portion of the SBA

loan then met the definition of a “participating interest,”

the transfer of the guaranteed portion could be accounted

for as a sale if all of the conditions for sale accounting

were met. In contrast, for transfers of guaranteed portions

of SBA loans at a premium that settled on or after

February 15, 2011, the SBA has eliminated the premium

refund requirement. With the elimination of the premium

refund obligation from such transfers, the transferred

guaranteed portion and the retained unguaranteed portion

of the SBA loan should normally meet the definition of a

“participating interest” on the transfer date. Assuming

the definition of “participating interest” is met and all of

the conditions for sale accounting are met, the transfer of

the guaranteed portion of an SBA loan at a premium on

or after February 15, 2011, would qualify as a sale on the

transfer date. The conditions for sale accounting are

described above under “Determining Whether a Transfer

Should be Accounted for as a Sale or a Secured Borrowing” in this Glossary entry.

In contrast, if the guaranteed portion of the SBA loan is

transferred at par in a so-called ’’par sale’’ in which the

’’seller’’ agrees to pass interest through to the ’’purchaser’’

at less than the contractual interest rate and the spread

between the contractual rate and the pass-through interest

rate significantly exceeds an amount that would fairly

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compensate a substitute servicer, the excess spread is

viewed as an interest-only strip. The existence of this

interest-only strip results in a disproportionate sharing of

the cash flows on the entire SBA loan, which means that

the transferred guaranteed portion and the retained

unguaranteed portion of the SBA loan do not meet the

definition of a ’’participating interest,’’ which precludes

sale accounting. Instead, the transfer of the guaranteed

portion must be accounted for as a secured borrowing.

Accounting for a Transfer of a Participating Interest That

Qualifies as a Sale — Upon the completion of a transfer

of a participating interest that satisfies all three of the

conditions to be accounted for as a sale, the participating

institution(s) (the transferee(s)) shall recognize the participating interest(s) obtained, other assets obtained, and

any liabilities incurred and initially measure them at fair

value. The originating lender (the transferor) must:

(1) Allocate the previous carrying amount of the entire

financial asset between the participating interest(s)

sold and the participating interest that it continues to

hold based on their relative fair values at the date of

the transfer.

(2) Derecognize the participating interest(s) sold.

(3) Recognize and initially measure at fair value servicing assets, servicing liabilities, and any other assets

obtained and liabilities incurred in the sale.

(4) Recognize in earnings any gain or loss on the sale.

(5) Report any participating interest(s) that continue to

be held by the originating lender as the difference

between the previous carrying amount of the entire

financial asset and the amount derecognized.

Additional Considerations Pertaining to Participating

Interests — When evaluating whether the transfer of a

participating interest in an entire financial asset satisfies

the conditions for sale accounting under ASC Topic 860,

an originating lender’s right of first refusal on a bona fide

offer to the participating institution from a third party, a

requirement for a participating institution to obtain the

originating lender’s permission to sell or pledge the

participating interest that shall not be unreasonably withheld, or a prohibition on the participating institution’s

sale of the participating interest to the originating lender’s competitor (if other potential willing buyers exist) is

a limitation on the participating institution’s rights, but is

presumed not to constrain a participant from exercising

its right to pledge or exchange the participating interest.

However, if the participation agreement constrains the

participating institution from pledging or exchanging its

participating interest, the originating lender presumptively receives more than a trivial benefit, has not relinquished control over the participating interest, and should

account for the transfer of the participating interest as a

secured borrowing.

A loan participation agreement may give the originating

lender the contractual right to repurchase a participating

interest at any time. In this situation, the right to repurchase is effectively a call option on a specific participating interest, i.e., a participating interest that is not readily

obtainable in the marketplace. Regardless of whether this

option is freestanding or attached, it either constrains the

participating institution from pledging or exchanging its

participating interest or results in the originating lender

maintaining effective control over the participating interest. As a consequence, the contractual right to repurchase

precludes sale accounting and the transfer of the participating interest should be accounted for as a secured

borrowing, not as a sale.

In addition, under a loan participation agreement, the

originating lender may give the participating institution

the right to resell the participating interest, but reserves

the right to call the participating interest at any time from

whoever holds it and can enforce that right by discontinuing the flow of interest to the holder of the participating

interest at the call date. In this situation, the originating

lender has maintained effective control over the participating interest and the transfer of the participating interest should be accounted for as a secured borrowing, not

as a sale.

If an originating FDIC-insured lender transfers a loan

participation with recourse after December 31, 2001, the

participation generally will not be considered isolated

from the transferor, i.e., the originating lender, in the

event of an FDIC receivership. Section 360.6 of the

FDIC’s regulations limits the FDIC’s ability to reclaim

loan participations transferred ‘‘without recourse,’’ as

defined in the regulations, but does not limit the FDIC’s

ability to reclaim loan participations transferred with

recourse. Under Section 360.6, a participation that is

subject to an agreement that requires the originating

lender to repurchase the participation or to otherwise

compensate the participating institution due to a default

on the underlying loan is considered a participation

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‘‘with recourse.’’ As a result, a loan participation transferred ‘‘with recourse’’ after December 31, 2001, generally should be accounted for as a secured borrowing and

not as a sale for financial reporting purposes. This means

that the originating lender should not remove the participation from its loan assets on the balance sheet, but

should report the secured borrowing in Schedule HC,

item 16, ‘‘Other borrowings.’’

Reporting Transfers of Loan Participations That Do Not

Qualify for Sale Accounting — If a transfer of a portion

of an entire financial asset does not meet the definition of

a participating interest, or if a transfer of a participating

interest does not meet all of the conditions for sale

accounting under ASC Topic 860, the transfer must be

reported as a secured borrowing with pledge of collateral.

In these situations, because the transferred loan participation does not qualify for sale accounting under ASC

Topic 860, the originating lender must continue to report

the transferred participation (as well as the retained

portion of the loan) as a loan on the balance sheet

(Schedule HC), normally in item 4(b), ‘‘Loans and

leases, held for investment,’’ and in the appropriate loan

category in Schedule HC-C, Loans and Lease Financing

Receivables. The originating lender should report the

transferred loan participation as a secured borrowing on

the balance sheet in Schedule HC, item 16, ‘‘Other

borrowed money,’’ and in the appropriate subitem or

subitems in Schedule HC-M, item 14, ‘‘Other borrowed

money;’’ in Schedule HC-M, item 23(b), ‘‘Amount of

’Other borrowings’ that are secured;’’ and in Schedule

HC-C, Memorandum item 14, ‘‘Pledged loans and leases.’’

As a consequence, the transferred loan participation

should be included in the originating lender’s loans and

leases for purposes of determining the appropriate level

for the lender’s allowance for loan and lease losses (or

allowance for credit losses, if the institution has adopted

ASC Topic 326, Financial Instruments - Credit Losses).

A holding company that acquires a nonqualifying loan

participation (or a qualifying participating interest in a

transfer that does not does not meet all of the conditions

for sale accounting) should normally report the loan

participation or participating interest in item 4(b), ‘‘Loans

and leases, held for investment,’’ on the balance sheet

(Schedule HC) and in the loan category appropriate to the

underlying loan, e.g., as a ‘‘commercial and industrial

loan’’ in item 4 or as a ‘‘loan secured by real estate’’ in

item 1, in Schedule HC-C, Loans and Lease Financing

Receivables. Furthermore, for risk-based capital purposes, the acquiring holding company should assign the

loan participation or participating interest to the riskweight category appropriate to the underlying borrower

or, if relevant, the guarantor or the nature of the collateral.

Purchased Loans Originated By Others- Some holding

companies have entered into various residential mortgage

loan purchase programs. These programs often function

like traditional warehouse lines of credit; however, in

some cases, the mortgage loan transfers are legally

structured as purchases by the holding company rather

than as pledges of collateral to secure the funding. Under

these programs, a holding company provides funding to a

mortgage loan originator while simultaneously obtaining

an interest in the mortgage loans subject to a takeout

commitment. A takeout commitment is a written commitment from an approved investor (generally, an unrelated

third party) to purchase one or more mortgage loans from

the originator.

Although the facts and circumstances of each program

must be carefully evaluated to determine the appropriate

accounting, an institution should generally account for a

mortgage purchase program with continuing involvement

by the originator, including takeout commitments, as a

secured borrowing with pledge of collateral, i.e., a loan to

the originator secured by the residential mortgage loans,

rather than a purchase of mortgage loans.

When loans obtained in a mortgage purchase program do

not qualify for sale accounting, the financing provided to

the originator (if not held for trading purposes) should be

reported in Schedule HC-C, Part I, item 9.a, “Loans to

nondepository financial institutions,” and on the balance

sheet in Schedule HC, item 4.a, “Loans and leases held

for sale,” or item 4.b, “Loans and leases, net of unearned

income,” as appropriate. For risk-based capital purposes,

a loan to a mortgage loan originator secured by residential mortgages that is reported in Schedule HC-C, Part I,

item 9.a, should be assigned a 100 percent risk weight, or

if relevant, the risk weight category appropriate to the

exposure as discussed in the regulatory capital rules, and

included in the appropriate column of Schedule HC-R,

Part II, item 4.d or 5.d, based on its balance sheet

classification.

In situations where the transaction between the mortgage

loan originator and the transferee (acquiring) holding

company is accounted for as a secured borrowing with

pledge of collateral, the transferee (acquiring) holding

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company’s designation of the financing provided to the

originator as held for sale is appropriate only when the

conditions in ASC Subtopic 310-10, Receivables - Overall, and the 2001 Interagency Guidance on Certain Loans

Held for Sale have been met. In these situations, the

mortgage loan originator’s planned sale of the pledged

collateral (i.e., the individual residential mortgage loans)

to a takeout investor is not relevant to the transferee

institution’s designation of the loan to the originator as

held for investment or held for sale. In situations where

the transferee institution simultaneously extends a loan to

the originator and transfers an interest (for example, a

participation interest) in the loan to the originator to

another party, the transfer to the other party also should

be evaluated to determine whether the conditions in ASC

Topic 860 for sale accounting treatment have been met. If

this transfer qualifies to be accounted for as a sale, the

portion of the loan to the originator that is retained by the

transferee institution should be classified as held for

investment when the transferee has the intent and ability

to hold that portion for the foreseeable future or until

maturity or payoff (which is generally in the near term).

Financial Assets Subject to Prepayment — Financial

assets such as interest-only strips receivable, other beneficial interests, loans, debt securities, and other receivables, but excluding financial instruments that must be

accounted for as derivatives, that can contractually be

prepaid or otherwise settled in such a way that the holder

of the financial asset would not recover substantially all

of its recorded investment do not qualify to be accounted

for at amortized cost. After their initial recording on the

balance sheet, financial assets of this type must be

subsequently measured at fair value like available-forsale securities or trading securities.

Traveler’s Letter of Credit: See ‘‘Letter of credit.’’

Treasury Stock: Treasury stock is stock that the holding

company has issued and subsequently acquired, but that

has not been retired or resold. As a general rule, treasury

stock is to be carried at cost and is a deduction from a

holding company’s total equity capital.

For purposes of this report, the carrying value of treasury

stock should be reported (as a negative number) in

Schedule HC, item 26(c), “Other equity capital components.”

“Gains” and “losses” on the sale, retirement, or other

disposal of treasury stock are not to be reported in

Schedule HI, Income Statement, but should be reflected

in Schedule HI-A, items 7 and 8, “Sale of treasury stock,”

and “Purchase of treasury stock.” Such gains and losses,

as well as the excess of the cost over the par value of

treasury stock carried at par, are generally to be treated as

adjustments to Schedule HC, item 25, “Surplus.”

For further information, see ASC Subtopic 505-30,

Equity – Treasury Stock.

Troubled Debt Restructuring: The accounting standards for troubled debt restructurings are set forth in ASC

Subtopic 310-40, Receivables – Troubled Debt Restructurings by Creditors (formerly FASB Statement No. 15,

Accounting by Debtors and Creditors for Troubled Debt

Restructurings, as amended by FASB Statement No. 114,

Accounting by Creditors for Impairment of a Loan) and,

for holding companies that have adopted ASC Topic 326,

Financial Instruments -Credit Losses, in ASC Topic 326.

Holding companies should refer to the Glossary entries

for “allowance for loan and lease losses” and “allowance

for credit losses,” as applicable, when considering measurement of the allowance for loan losses or allowance

for credit losses (allowance, when used interchangeably)

for TDRs.

A troubled debt restructuring (TDR) is a restructuring in

which a holding company, for economic or legal reasons

related to a borrower’s financial difficulties, grants a

concession to the borrower that it would not otherwise

consider. The restructuring of a loan or other debt

instrument (hereafter referred to collectively as a ‘‘loan’’)

may include, but is not necessarily limited to: (1) the

transfer from the borrower to the institution of real estate,

receivables from third parties, other assets, or an equity

interest in the borrower in full or partial satisfaction of

the loan (see the Glossary entry for ‘‘foreclosed assets’’

for further information), (2) a modification of the loan

terms, such as a reduction of the stated interest rate,

principal, or accrued interest or an extension of the

maturity date at a stated interest rate lower than the

current market rate for new debt with similar risk, or (3) a

combination of the above. A loan extended or renewed at

a stated interest rate equal to the current interest rate for

new debt with similar risk is not to be reported as a

restructured troubled loan. Modifications of loans should

be evaluated to determine if a TDR exists in totality. In

some instances a borrower may have been able to add

additional collateral or a guarantor to a loan which fully

compensates for a concession made by the holding

company.

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See the Glossary entry for ‘‘nonaccrual status’’ for a

discussion of the conditions under which a nonaccrual

asset which has undergone a troubled debt restructuring

(including those that involve a multiple note structure)

may be returned to accrual status.

A TDR in which a holding company receives physical

possession of the borrower’s assets, should be accounted

for in accordance with ASC Subtopic 310-40. Thus, in

such situations, the loan should be treated as if assets

have been received in satisfaction of the loan and reported

as described in the Glossary entry for ‘‘foreclosed

assets.’’

A TDR may include both a modification of terms and the

acceptance of property in partial satisfaction of the loan.

The accounting for such a restructuring is a two-step

process: (i) the recorded amount (or amortized cost basis

if the holding company has adopted ASC Topic 326) of

the loan is reduced by the fair value (less cost to sell, if

appropriate) of the property received, and (ii) the holding

company should measure any impairment (or expected

credit losses if the holding company has adopted ASC

Topic 326) on the remaining recorded balance, or amortized cost basis, as applicable, of the restructured loan in

accordance with ASC Topic 310 (or ASC Subtopic

326-20 if the holding company has adopted ASC Topic

326) and record any related allowance.

A TDR may involve the substitution or addition of a new

debtor for the original borrower. The treatment of these

situations depends upon their substance. Restructurings

in which the substitute or additional debtor controls, is

controlled by, or is under common control with the

original borrower, or performs the custodial function of

collecting certain of the original borrower’s funds, should

be accounted for as modifications of terms. Restructurings in which the substitute or additional debtor does not

have a control or custodial relationship with the original

borrower should be accounted for as a receipt of a ′′new′′

loan in full or partial satisfaction of the original borrower’s loan. The ′′new′′ loan should be recorded at its

fair value.

A credit analysis should be performed for a TDR in

conjunction with its restructuring to determine its collectibility and estimated allowance. When available information confirms that a specific TDR, or a portion thereof, is

uncollectible, the uncollectible amount should be charged

off against the allowance at the time of the restructuring.

As is the case for all loans, the credit quality of restructured loans should be regularly reviewed. The holding

company should periodically evaluate the collectibility of

the TDR so as to determine whether any additional

amounts should be charged to the allowance, or, if the

restructuring involved a financial asset other than a loan,

to another appropriate account.

Once an obligation has been restructured in a TDR, it

continues to be considered a TDR until paid in full or

otherwise settled, sold, or charged off (or meets the

conditions discussed below under “Accounting for a

Subsequent Restructuring of a Troubled Debt Restructuring”). The loan must be reported in the appropriate loan

category in Schedule HC-C, items 1 through 9, and in the

appropriate loan category in:

• Schedule HC-C, Memorandum item 1, if it is in

compliance with its modified terms, or

• Schedule HC-N, items 1 through 7, and Memorandum

item 1, if it is not in compliance with its modified

terms.

However, for a loan that is a TDR for which the

concession did not include a reduction of principal, if the

restructuring agreement specifies a contractual interest

rate that is a market interest at the time of the restructuring and the loan is in compliance with its modified terms,

the loan need not continue to be reported as a troubled

debt restructuring in Schedule HC-C, Memorandum item

1, in calendar years after the year in which the restructuring took place. A market interest rate is a contractual

interest rate that at the time of the restructuring is greater

than or equal to the rate that the institution was willing to

accept for a new loan with comparable risk. To be

considered in compliance with its modified terms, a loan

that is a TDR must be in accrual status and must be

current or less than 30 days past due on its contractual

principal and interest payments under the modified repayment terms.

Accounting for a Subsequent Restructuring of a TDR:

When a loan has previously been modified in a TDR, the

lending institution and the borrower may subsequently

enter into another restructuring agreement. The facts and

circumstances of each subsequent restructuring of a TDR

loan should be carefully evaluated to determine the

appropriate accounting by the institution under U.S.

GAAP. Under certain circumstances it may be acceptable

not to report for the subsequently restructured loan as a

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TDR. The Federal Reserve will not object to an institution no longer treating such a loan as a TDR if at the time

of the subsequent restructuring the borrower is not

experiencing financial difficulties and, under the terms of

the subsequent restructuring agreement, no concession

has been granted by the institution to the borrower. To

meet these conditions for removing the TDR designation,

the subsequent restructuring agreement must specify

market terms, including a contractual interest rate not

less than a market interest rate for new debt with similar

credit risk characteristics and other terms no less favorable to the institution than those it would offer for such

new debt. When determining whether the borrower is

experiencing financial difficulties, the institution’s assessment of the borrower’s financial condition and prospects

for repayment after the restructuring should be supported

by a recurrent, well-documented credit evaluation performed at the time of the restructuring. When assessing

whether a concession has been granted by the institution,

the agencies consider any principal forgiveness on a

cumulative basis to be a continuing concession. Accordingly, a TDR loan with any principal forgiveness would

retain the TDR designation after subsequent restructurings.

If at the time of the subsequent restructuring the institution appropriately demonstrates that a loan meets the

conditions discussed above the loan need no longer be

disclosed as a TDR in the FR Y-9C. The recorded

investment or amortized cost basis, as applicable, should

not change at the time of the subsequent restructuring

(unless cash is advanced or received). When there have

been charge-offs prior to the subsequent restructuring,

consistent with FR Y-9C instructions, any expected

recoveries of amounts previously charged off are not

added to the recorded investment in, or the amortized

cost basis of, the TDR, as applicable. For holding companies that have not adopted ASC Topic 326, no recoveries should be recognized until collections on amounts

previously charged off have been received. For holding

companies that have adopted ASC Topic 326, expected

recoveries of amounts previously charged off should be

considered as part of the allowance estimate but are not

included in the amortized cost basis of the TDR. Similarly, if interest payments were applied to the recorded

investment in the TDR loan prior to the subsequent

restructuring, the application of these payments to the

recorded investment should not be reversed nor reported

as interest income at the time of the subsequent restructuring.

If the TDR designation is removed from a loan that meets

the conditions discussed above and the loan is later

modified in a TDR, the loans should be reported as a

TDR.

Measurement of Impairment on a TDR when ASC Topic

326 Has Not Been Adopted – This section of this

Glossary entry applies to holding companies that have

not adopted ASC Topic 326. Holding companies that

have adopted ASC Topic 326 should refer to the “Measurement of Expected Credit Losses on a TDR when

ASC Topic 326 Has Been Adopted” section below.

All loans whose terms have been modified in a TDR,

including both commercial and retail loans, are impaired

loans. Therefore, a holding company should measure any

impairment on the restructured loan in accordance with

ASC Topic 310, Receivables, and should refer to the

Glossary entry for “loan impairment.”

A holding company measuring the allowance on a TDR

that is not collateral dependent using the present value of

expected future cash flows method (i.e., discounted cash

flow method) should discount the cash flows using the

effective interest rate of the original or modified loan

prior to the restructuring that resulted in the TDR classification. For a residential mortgage loan with a “teaser”

or starter rate that is less than the loan’s fully indexed

rate, the starter rate is not the original effective interest

rate. ASC Topic 310 also permits a holding company to

aggregate impaired loans that have risk characteristics in

common with other impaired loans, such as modified

residential mortgage loans that represent TDRs, and use

historical statistics along with a composite effective

interest rate as a means of measuring the impairment of

these loans.

For a subsequently restructured TDR, if at the time of the

subsequent restructuring the holding company appropriately determines that the loan no longer meets the

conditions discussed above, the impairment on the loan

need no longer be measured as a TDR (i.e., as an

impaired loan) in accordance with ASC Topic 310 and

the Glossary entry for “loan impairment.” Accordingly,

going forward, the loan’s allowance should be measured

under ASC Subtopic 450-20, Contingencies – Loss Contingencies.

For a subsequently restructured TDR on which there was

principal forgiveness and therefore does not meet the

conditions discussed above, the impairment on the TDR

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should continue to be measured as a TDR (i.e., as an

impaired loan) in accordance with ASC Topic 310.

Measurement of Expected Credit Losses on a TDR when

ASC Topic 326 Has Been Adopted – This section of this

Glossary entry applies to holding companies that have

adopted ASC Topic 326. Holding companies that have

not adopted ASC Topic 326 should continue to refer to

the “Measurement of Impairment on a TDR when ASC

Topic 326 Has Not Been Adopted” section above.

A holding company should measure any expected credit

losses on loans whose terms have been modified in a

TDR in accordance with ASC Topic 326 as set forth in

the Glossary entry for ′′allowance for credit losses.′′ ASC

Topic 326 allows a holding company to use any appropriate loss estimation method to estimate ACLs for TDRs.

However, there are circumstances when specific measurement methods are required. For purposes of the Consolidated Reports of Condition and Income, if a TDR, or a

loan for which a TDR is reasonably expected, is collateraldependent, the ACL must be estimated using the fair

value of collateral.

A holding company measuring the allowance on a TDR,

or a pool of TDRs with shared risk characteristics, using

the present value of expected future cash flow method

(i.e., discounted cash flow method) should discount the

cash flows using the effective interest rate of the original

or modified loan prior to the restructuring that resulted in

the TDR classification. For a residential mortgage loan

with a “teaser” or starter rate that is less than the loan’s

fully indexed rate, the starter rate is not the original

effective interest rate.

When there is a reasonable expectation of executing a

TDR or if a TDR has been executed, the expected effect

of the modification (e.g., a term extension or an interest

rate concession) is included in the estimate of the allowance.

If the TDR designation is removed from a loan balance

when it is appropriate for the loan to no longer be

reported as a TDR, given the change in the loan’s risk

characteristics, the holding company should determine

whether the loan should be included in a pool of loans

with similar risk characteristics for allowance measurement purposes or evaluated for expected credit losses on

an individual basis.

See also the Glossary entries for “allowance for credit

losses” or “allowance for loan and lease losses,” as

applicable, “amortized cost basis,” and “foreclosed

assets.”

Trust Preferred Securities as Investments: As holding

company investments, trust preferred securities are hybrid

instruments possessing characteristics typically associated with debt obligations. Although each issue of these

securities may involve minor differences in terms, under

the basic structure of trust preferred securities a corporate

issuer, such as a holding company, first organizes a

business trust or other special purpose entity. This trust

issues two classes of securities: common securities, all of

which are purchased and held by the corporate issuer, and

trust preferred securities, which are sold to investors. The

business trust’s only assets are deeply subordinated

debentures of the corporate issuer, which the trust purchases with the proceeds from the sale of its common and

preferred securities. The corporate issuer makes periodic

interest payments on the subordinated debentures to the

business trust, which uses these payments to pay periodic

dividends on the trust preferred securities to the investors. The subordinated debentures have a stated maturity

and may also be redeemed under other circumstances.

Most trust preferred securities are subject to mandatory

redemption upon the repayment of the debentures.

Trust preferred securities meet the definition of a security

in ASC Topic 320, Investments-Debt Securities, and in

ASC Topic 321, Investments-Equity Securities. Because

of the mandatory redemption provision in the typical

trust preferred security, investments in trust preferred

securities would normally be considered debt securities

for financial accounting purposes. Accordingly, regardless of the authority under which a holding company is

permitted to invest in trust preferred securities, holding

companies should report these investments as debt securities for purposes of these reports (unless, based on the

specific facts and circumstances of a particular issue of

trust preferred securities, the securities would be considered equity under ASC Topic 321, rather than debt

securities under ASC Topic 320). If not held for trading

purposes, trust preferred securities issued by U.S. business trusts should be reported in Schedule HC-B,

item 6(a), “Other domestic debt securities.” If not held

for trading purposes, an investment in a structured financial product, such as a collateralized debt obligation, for

which the underlying collateral is a pool of trust preferred

securities issued by U.S. business trusts should be

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Glossary March 2020
reported in Schedule HC-B, item 5(b), “Structure financial products,” and in the appropriate subitem of Schedule HC-B, Memorandum item 6, “Structured financial

products by underlying collateral or reference assets.”

Trust Preferred Securities Issued: Trust preferred securities are marketed under a variety of names including

MIPS (‘‘Monthly Income Preferred Securities’’), QUIPS

(‘‘Quarterly Income Preferred Securities’’) and TOPrS

(‘‘Trust Originated Preferred Securities’’). These securities are generally issued out of special purpose entities

whose voting common stock is wholly owned by the

parent holding company. The proceeds from the issuance

of these securities are lent to the holding company in the

form of a very long term, deeply subordinated note.

Under GAAP, the special purpose entity may either be a

consolidated subsidiary of the holding company or a

deconsolidated entity that qualifies as an unconsolidated

subsidiary of the holding company for regulatory reporting and other regulatory purposes.

Holding companies seeking to issue such securities

should consult with their Federal Reserve Bank. Under

the revised regulatory capital rule, TruPS are generally

considered non-qualifying capital instruments that must

be phased-out of tier 1 capital (see instructions for HC-R,

Part I, items 20, 21, 27, and 28). Note that the rule

permanently grandfathers non-qualifying capital instruments in the tier 1 capital of depository institution

holding companies with total consolidated assets of less

than $15 billion as of December 31, 2009, and 2010

Mutual Holding Companies (subject to limits and additional requirements in case of mergers and acquisitions).

Nonqualifying capital instruments under the rule include

TruPS and cumulative perpetual preferred stock issued

before May 19, 2010, that BHCs included in tier 1 capital

under the limitations for restricted capital elements in the

general risk-based capital rules.

For purposes of reporting on the FR Y-9C, trust preferred

securities issued by a consolidated subsidiary should be

reported in Schedule HC, item 19(b).

For special purpose entities that issue trust preferred

securities and the entity is not consolidated, report the

amount of subordinated notes payable by the holding

company to the unconsolidated special purpose entity in

Schedule HC, item 19(b).

U.S. Banks: See ‘‘Banks, U.S. and foreign.’’

U.S. Territories and Possessions: United States territories and possessions include American Samoa, Guam, the

Northern Mariana Islands, and the U.S. Virgin Islands.

Valuation Allowance: A valuation allowance is an

account established against a specific asset category, or to

recognize a specific liability, with the intent of absorbing

some element of estimated loss. Such allowances are

created by charges to expense in the Report of Income for

Holding Companies and are netted from the asset accounts

to which they relate for presentation in the Consolidated

Balance Sheet in the FR Y-9C. Provisions establishing or

augmenting such allowances are to be reported as ‘‘Other

noninterest expense’’ except for the provision for loan and

lease losses and the provision for allocated transfer risk for

which separate, specifically designated income statement

items have been established on Schedule HI.

Variable Interest Entity: A variable interest entity

(VIE), as described in ASC Subtopic 810-10, Consolidation – Overall, is an entity in which equity investors do

not have sufficient equity at risk for that entity to finance

its activities without additional subordinated financial

support or, as a group, the holders of the equity investment at risk lack one or more of the following three

characteristics: (a) the power, through voting rights or

similar rights, to direct the activities of an entity that most

significantly impact the entity’s economic performance,

(b) the obligation to absorb the expected losses of the

entity, or (c) the right to receive the expected residual

returns of the entity.

Variable interests in a VIE are contractual, ownership, or

other pecuniary interests in an entity that change with

changes in the fair value of the entity’s net assets

exclusive of variable interests. For example, equity ownership in a VIE would be a variable interest as long as the

equity ownership is considered to be at risk of loss.

ASC Subtopic 810-10 provides guidance for determining

when a holding company or other company must consolidate certain special purposes entities, such as VIEs.

Under ASC Subtopic 810-10, a holding company must

perform a qualitative assessment to determine whether it

has a controlling financial interest in a VIE. This must

include an assessment of the characteristics of the holding company’s variable interest or interests and other

involvements (including involvement of related parties

and de facto agents), if any, in the VIE, as well as the

involvement of other variable interest holders. The

assessment must also consider the entity’s purpose and

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design, including the risks that the entity was designed to

create and pass through to its variable interest holders. In

making this assessment, only substantive terms, transactions, and arrangements, whether contractual or noncontractual, are to be considered. Any term, transaction, or

arrangement that does not have a substantive effect on an

entity’s status as a VIE, the holding company’s power

over a VIE, or the holding company’s obligation to

absorb losses or its right to receive benefits of the VIE are

to be disregarded when applying the provisions of ASC

Subtopic 810-10.

If a holding company has a controlling financial interest

in a VIE, it is deemed to be the primary beneficiary of the

VIE and, therefore, must consolidate the VIE. An entity

is deemed to have a controlling financial interest in a VIE

if it has both of the following characteristics:

• The power to direct the activities of a variable interest

entity that most significantly impact the entity’s economic performance.

• The obligation to absorb losses of the entity that could

potentially be significant to the variable interest entity

or the right to receive benefits from the entity that

could potentially be significant to the variable interest

entity.

If a holding company holds a variable interest in a VIE, it

must reassess each reporting period to determine whether

it is the primary beneficiary. Based on a holding company’s reassessment it may be required to consolidate or

deconsolidate the VIE if a change in the holding company’s status as the primary beneficiary has occurred.

ASC Subtopic 810-10 provide guidance on the initial

measurement of a VIE that the primary beneficiary must

consolidate. For example, if the primary beneficiary and

the VIE are not under common control, the initial consolidation of a VIE that is a business is a business combination and must be accounted for in accordance with ASC

Topic 805, Business Combinations. If a holding company

is required to deconsolidate a VIE, it must follow the

guidance for deconsolidating subsidiaries in ASC Subtopic 810-10 (formerly FASB Statement No. 160, Noncontrolling Interests in Consolidated Financial Statements).

When a holding company is required to consolidate a

VIE because it is the primary beneficiary, the standard

principles of consolidation apply after initial measurement (see ‘‘Rules of Consolidation’’ in the General

Instructions). The assets and liabilities of consolidated

VIEs should be reported on the balance sheet (Schedule

HC) in the balance sheet category appropriate to the asset

or liability. An institution that consolidates one or more

VIEs must complete Schedule HC-V, Variable Interest

Entities, to report, by balance sheet category, (a) the

assets of consolidated VIEs that can be used only to settle

obligations of the consolidated VIEs and (b) the liabilities of consolidated VIEs for which creditors do not have

recourse to the general credit of the reporting institution.

Such an institution also must report in Schedule HC-V

the total amount of assets and the total amount of

liabilities of its consolidated VIEs that do not meet these

criteria.

When-Issued Securities Transactions: Transactions

involving securities described as “when-issued” or “whenas-and-if-issued” are, by their nature, conditional, i.e.,

their completion is contingent upon the issuance of the

securities. The accounting for contracts for the purchase

or sale of when-issued securities or other securities that

do not yet exist is addressed in ASC Topic 815, Derivatives and Hedging. Such contracts are excluded from the

requirements of ASC Topic 815, as a regular-way security trade only if:

(1) There is no other way to purchase or sell that

security;

(2) Delivery of that security and settlement will occur

within the shortest period possible for that type of

security; and

(3) It is probable at inception and throughout the term of

the individual contract that the contract will not settle

net and will result in physical delivery of a security

when it is issued.

A contract for the purchase or sale of when-issued

securities may qualify for the regular-way security trade

exclusion even though the contract permits net settlement

or a market mechanism to facilitate net settlement of the

contract exists (as described in ASC Topic 815). A

holding company should document the basis for concluding that it is probable that the contract will not settle net

and will result in physical delivery.

If a when-issued securities contract does not meet the

three criteria above, it should be accounted for as a

derivative at fair value on the balance sheet (Schedule

HC) and reported as a forward contract in Schedule

HC-L, item 11(b). Such contracts should be reported on a

Glossary

GL-112 FR Y-9C

Glossary September 2020
gross basis on the balance sheet unless the criteria for

netting in ASC Subtopic 210-20, Balance Sheet – Offsetting (formerly FASB Interpretation No. 39, Offsetting of

Amounts Related to Certain Contracts), are met. (See the

Glossary entry for ‘‘offsetting’’ for further information.)

If a when-issued securities contract qualifies for the

regular-way security trade exclusion, it is not accounted

for as a derivative. If the holding company accounts for

these contracts on a trade-date basis, it should recognize

the acquisition or disposition of the when-issued securities on its balance sheet (Schedule HC) at the inception of

the contract. If the holding company accounts for these

contracts on a settlement-date basis, contracts for the

purchase and sale of when-issued securities should be

reported as ‘‘Other off-balance sheet items’’ in Schedule

HC-L, item 9, subject to the existing reporting thresholds

for this item.

Trading in when-issued securities normally begins when

the U.S. Treasury or some other issuer of securities

announces a forthcoming issue. (In some cases, trading

may begin in anticipation of such an announcement and

should also be reported as described herein.) Since the

exact price and terms of the security are unknown before

the auction date, trading prior to that date is on a ‘‘yield’’

basis. On the auction date the exact terms and price of the

security become known and when-issued trading continues until settlement date, when the securities are delivered and the issuer is paid. If physical delivery is taken on

settlement date and settlement date accounting is used,

the securities purchased by the holding company shall be

reported on the balance sheet as held-to-maturity securities in Schedule HC, item 2(a), available-for-sale securities in Schedule HC, item 2(b), or trading assets in

Schedule HC, item 5, as appropriate.

Yield Maintenance Dollar Repurchase Agreement:

See “Repurchase/resale agreements.”

Glossary

FR Y-9C GL-113

Glossary September 2020
Validity (V) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Each edit in the checklist must balance, rounding errors are not allowed

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change Page 1 Validity 0303 CFO BHCKC490 CFO must not be null. bhckc490 ne null

FRY9C 20150331 99991231 No Change Page 1 Validity 0308 DATESIGN BHTXJ196 DATESIGN must not be null. bhtxj196 ne null

FRY9C 20150331 99991231 No Change Page 1 Validity 0304 CONTACTN BHTX8901 CONTACTN must not be null. bhtx8901 ne null

FRY9C 20150331 99991231 No Change Page 1 Validity 0305 CONTACTP BHTX8902 CONTACTP must not be null. bhtx8902 ne null

FRY9C 20150331 99991231 No Change Page 1 Validity 0306 CONTACTF BHTX9116 CONTACTF must not be null. bhtx9116 ne null

FRY9C 20150331 99991231 No Change Page 1 Validity 0307 CONTACTE BHTX4086 CONTACTE must not be null. bhtx4086 ne null

FRY9C 20150331 99991231 No Change HI Validity 1050 HI-1h BHCK4107 Sum of HI-1a1a through HI-1g must equal HI-1h. (bhck4435 + bhck4436 + bhckf821 + bhck4059 + bhck4065 + 

bhck4115 + bhckb488 + bhckb489 + bhck4060 + bhck4069 + 

bhck4020 + bhck4518) eq bhck4107

FRY9C 20170331 99991231 No Change HI Validity 1070 HI-2f BHCK4073 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of HI2a1a through HI-2e must equal HI-2f.For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, (bhckhk03 + 

bhckhk04 + bhck6761 + bhck4172 + bhck4180 + bhck4185 + 

bhck4397 + bhck4398) eq bhck4073

FRY9C 20150331 99991231 No Change HI Validity 1090 HI-3 BHCK4074 HI-1h minus HI-2f must equal HI-3. (bhck4107 - bhck4073) eq bhck4074

FRY9C 20191231 99991231 No Change HI Validity 1110 HI-5m BHCK4079 Sum of HI-5a through HI-5l must equal HI-5m. (bhck4070 + bhck4483 + bhcka220 + bhckc886 + bhckc888 + 

bhckc887 + bhckc386 + bhckc387 + bhckkx46 + bhckkx47 + 

bhckb491 + bhckb492 + bhckb493 + bhck8560 + bhck8561 + 

bhckb496 + bhckb497) eq bhck4079

FRY9C 20150331 99991231 No Change HI Validity 1130 HI-7e BHCK4093 Sum of HI-7a through HI-7d must equal HI-7e. (bhck4135 + bhck4217 + bhckc216 + bhckc232 + bhck4092) eq 

bhck4093

FRY9C 20190331 99991231 No Change HI Validity 1150 HI-8a BHCKHT69 Sum of HI-3, HI-5m through HI-6b minus the sum of HI-4 and 

HI-7e must equal HI-8a.

(bhck4074 + bhck4079 + bhck3521 + bhck3196) - (bhckjj33 + 

bhck4093) eq bhckht69

FRY9C 20180331 99991231 No Change HI Validity 1155 HI-8c BHCK4301 Sum of HI-8a and HI-8b must equal HI-8c. (bhckht69+ bhckht70) eq bhck4301

FRY9C 20180331 99991231 No Change HI Validity 1170 HI-10 BHCK4300 HI-8c minus HI-9 must equal HI-10. bhck4301 - bhck4302 eq bhck4300

FRY9C 20160930 99991231 No Change HI Validity 1190 HI-12 BHCKG104 Sum of HI-10 and HI-11 must equal HI-12. (bhck4300 + bhckft28) eq bhckg104

FRY9C 20150331 99991231 No Change HI Validity 1191 HI-14 BHCK4340 HI-12 minus HI-13 must equal HI-14. (bhckg104 - bhckg103) eq bhck4340

FRY9C 20150331 99991231 No Change HI-A Validity 1430 HI-14 BHCK4340 HI-A4 must equal HI-14. bhct4340 eq bhck4340

FRY9C 20150331 99991231 No Change HI Validity 1240 HI-Mem3 BHCK4313 HI-Mem3 must be less than or equal to the sum of HI-1a1a 

through HI-1b.

bhck4313 le (bhck4435 + bhck4436 + bhckf821 + bhck4059 + 

bhck4065)

FRY9C 20150331 99991231 No Change HI Validity 1250 HI-Mem4 BHCK4507 HI-Mem4 must be less than or equal to HI-1d3. bhck4507 le bhck4060

FRY9C 20150331 99991231 No Change HI Validity 1295 HI-Mem13 BHCKA530 HI-Mem13 must equal 1 (yes) or 0 (no) and HI-Mem13 must 

not be null.

bhcka530 eq 1 or bhcka530 eq 0 and bhcka530 ne null

FRY9C 20150331 99991231 No Change HI-A Validity 1400 HI-A3 BHCKB508 Sum of HI-A1 and HI-A2 must equal HI-A3. (bhck3217 + bhckb507) eq bhckb508

FRY9C 20150331 99991231 No Change HI-A Validity 1500 HI-A15 BHCT3210 Sum of HI-A3 through HI-A7, HI-A9, and HI-A12 through HIA14 minus the sum of HI-A8, HI-A10, and HI-A11 must equal 

HI-A15.

(bhckb508 + bhct4340 + bhck3577 + bhck3578 + bhck3579 + 

bhck3580 + bhck4782 + bhck4356 + bhckb511 + bhck4591 + 

bhck3581) - (bhck4783 + bhck4598 + bhck4460) eq bhct3210

FRY9C 20191231 99991231 No Change HI-B Validity 1600 HI-B(I)9A BHCK4635 Sum of HI-B(I)1a1A through HI-B(I)8cA must equal HI-B(I)9A. (bhckc891 + bhckc893 + bhck3584 + bhck5411 + bhckc234 + 

bhckc235 + bhck3588 + bhckc895 + bhckc897 + bhckb512 + 

bhck4655 + bhckkx48 + bhck4645 + bhck4646 + bhckb514 + 

bhckk129 + bhckk205 + bhck4643 + bhck4644 + bhckf185 + 

bhckc880 + bhckkx50) eq bhck4635

FRY9C 20191231 99991231 No Change HI-B Validity 1620 HI-B(I)9B BHCK4605 Sum of HI-B(I)1a1B through HI-B(I)8cB must equal HI-B(I)9B. (bhckc892 + bhckc894 + bhck3585 + bhck5412 + bhckc217 + 

bhckc218 + bhck3589 + bhckc896 + bhckc898 + bhckb513 + 

bhck4665 + bhck4617 + bhck4618 + bhckkx49 + bhckb515 + 

bhckk133 + bhckk206 + bhck4627 + bhck4628 + bhckf187 + 

bhckf188 + bhckkx51) eq bhck4605

FRY9C 20190331 99991231 No Change HI-B Validity 1730 HI-B(I)9B BHCK4605 HI-B(II)2A must equal HI-B(I)9B. bhct4605 eq bhck4605

FRY9C 20190331 99991231 No Change HI-B Validity 1750 HI-B(II)4A BHCK5523 HI-B(II)3A must equal HI-B(I)9A minus HI-B(II)4A. bhckc079 eq (bhck4635 - bhck5523)

FRY9C 20210630 99991231 Revised HI-B Validity 1751 HI-B(II)5A BHCK4230 If HC-R(I)2a is not null, then sum of HI-B(II)5A through HIB(II)5C plus HI-B(II)Mem 5 and HI-B Mem 7 must equal HI-4; 

else, if HC-R(I)2a is null, then HI-B(II)5A must equal HI-4.

If bhcajj29 ne null, then (bhck4230 + bhckjh90 + bhckjh96 + 

bhckjj02 + bhckmg93) eq bhckjj33; else, if bhcajj29 eq null, then 

bhck4230 eq bhckjj33

June 2021 FR Y-9C: CHK-1 of 24
Validity (V) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Each edit in the checklist must balance, rounding errors are not allowed

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20190331 99991231 No Change HI-B Validity 1790 HI-B(II)6A BHCKC233 The sum of HI-B(II)1A, HI-B(II)2A, HI-B(II)5A, and HI-B(II)6A 

minus the sum of HI-B(II)3A and HI-B(II)4A must equal HIB(II)7A.

(bhckb522 + bhct4605 + bhck4230 + bhckc233) - (bhckc079 + 

bhck5523) eq bhct3123

FRY9C 20190331 99991231 No Change HI-B Validity 1792 HI-B(II)6B BHCKJH91 The sum of HI-B(II)1B, HI-B(II)2B, HI-B(II)5B, and HI-B(II)6B 

minus the sum of HI-B(II)3B and HI-B(II)4B must equal HIB(II)7B.

(bhckjh88 + bhckjh89 + bhckjh90 + bhckjh91) - (bhckjh92 + 

bhckjj00) eq bhckjh93

FRY9C 20190331 99991231 No Change HI-B Validity 1794 HI-B(II)6C BHCKJH97 The sum of HI-B(II)1C, HI-B(II)2C, HI-B(II)5C, and HI-B(II)6C 

minus the sum of HI-B(II)3C and HI-B(II)4C must equal HIB(II)7C.

(bhckjh94 + bhckjh95 + bhckjh96 + bhckjh97) - (bhckjh98 + 

bhckjj01) eq bhckjh99

FRY9C 20191231 99991231 No Change HI-C Validity 4935 HI-C(I)6A BHCKM746 If previous year June HC-12 is greater than or equal to $5 

billion then the sum of HI-C(I)1aA through HI-C(I)4A must 

equal HI-C(I)6A.

If (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06 

and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6 

ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000) 

then (bhckm708 + bhckm714 + bhckm721 + bhckm727 + 

bhckm733 + bhckm739) eq bhckm746

FRY9C 20191231 99991231 No Change HI-C Validity 4940 HI-C(I)6B BHCKM747 If previous year June HC-12 is greater than or equal to $5 

billion then the sum of HI-C(I)1aB through HI-C(I)4B must 

equal HI-C(I)6B.

If (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06 

and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6 

ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000) 

then (bhckm709 + bhckm715 + bhckm722 + bhckm728 + 

bhckm734 + bhckm740) eq bhckm747

FRY9C 20191231 99991231 No Change HI-C Validity 4945 HI-C(I)6C BHCKM748 If previous year June HC-12 is greater than or equal to $5 

billion then the sum of HI-C(I)1aC through HI-C(I)4C must 

equal HI-C(I)6C.

If (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06 

and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6 

ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000) 

then (bhckm710 + bhckm716 + bhckm723 + bhckm729 + 

bhckm735 + bhckm741) eq bhckm748

FRY9C 20191231 99991231 No Change HI-C Validity 4950 HI-C(I)6D BHCKM749 If previous year June HC-12 is greater than or equal to $5 

billion then the sum of HI-C(I)1aD through HI-C(I)5D must 

equal HI-C(I)6D.

If (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06 

and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6 

ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000) 

then (bhckm711 + bhckm717 + bhckm724 + bhckm730 + 

bhckm736 + bhckm742 + bhckm745) eq bhckm749

FRY9C 20191231 99991231 No Change HI-C Validity 4965 HI-C(I)6E BHCKM750 If previous year June HC-12 is greater than or equal to $5 

billion then the sum of HI-C(I)1aE through HI-C(I)4E must 

equal HI-C(I)6E.

If (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06 

and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6 

ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000) 

then (bhckm712 + bhckm719 + bhckm725 + bhckm731 + 

bhckm737 + bhckm743) eq bhckm750

FRY9C 20190331 99991231 No Change HI-C Validity 4985 HI-C(I)6E BHCKM750 If HI-C(I)6A, HI-C(I)6C and HI-C(I)6E are not null, then HC-4B 

must equal the sum of HC-Q4A, HI-C(I)6A, HI-C(I)6C and HIC(I)6E.

if bhckm746 ne null and bhckm748 ne null and bhckm750 ne null 

then bhckb528 eq (bhckg488 + bhckm746 + bhckm748 + 

bhckm750)

FRY9C 20200630 99991231 No Change HI-C Validity 4987 HI-C(I)6E BHCKM750 If previous year June HC-12 is greater than or equal to $5 

billion for June and December and if HI-C(I)6E is not equal to 

null, then HC-CM5B must equal HI-C(I)6E.

If ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 12 

and bhck2170-q7 ge 5000000)) and bhckm750 ne null, then 

bhckc780 eq bhckm750

FRY9C 20200630 99991231 No Change HI-C Validity 4989 HI-C(I)6F BHCKM751 If previous year June HC-12 is greater than or equal to $5 

billion and HI-C(I)6F is not equal to null, then HI-B(II)M4 must 

equal HI-C(I)6F.

If ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06 

and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6 

ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000)) 

and bhckm751 ne null then bhckc781 eq bhckm751

FRY9C 20191231 99991231 No Change HI-C Validity 4980 HI-C(I)6F BHCKM751 If previous year June HC-12 is greater than or equal to $5 

billion then the sum of HI-C(I)1aF through HI-C(I)4F must 

equal HI-C(I)6F.

If (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06 

and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6 

ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000) 

then (bhckm713 + bhckm720 + bhckm726 + bhckm732 + 

bhckm738 + bhckm744) eq bhckm751

FRY9C 20190331 99991231 No Change HI-C Validity 4990 HI-C(I)6F BHCKM751 If HI-C(I)6B, HI-C(I)6D, and HI-C(I)6F are not equal to null, 

then HC-4C must equal the sum of HI-C(I)6B, HI-C(I)6D, and 

HI-C(I)6F.

if bhckm747 ne null and bhckm749 ne null and bhckm751 ne null 

then bhck3123 eq (bhckm747 + bhckm749 + bhckm751)

June 2021 FR Y-9C: CHK-2 of 24
Validity (V) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Each edit in the checklist must balance, rounding errors are not allowed

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20190331 99991231 No Change HI-C Validity 4994 HI-C(II)6A BHCKJJ11 HI-C(II)6A must equal the sum of HI-C(II)1aA through HIC(II)4A (bhckjj04 + bhckjj05 + bhckjj06 + bhckjj07 + bhckjj08 + bhckjj09) 

eq bhckjj11

FRY9C 20190331 99991231 No Change HI-C Validity 4998 HI-C(II)6B BHCKJJ19 HI-C(II)6B must equal the sum of HI-C(II)1aB through HIC(II)5B (bhckjj12 + bhckjj13 + bhckjj14 + bhckjj15 + bhckjj16 + bhckjj17 + 

bhckjj18) eq bhckjj19

FRY9C 20190331 99991231 No Change HI-C Validity 5000 HI-C(II)11B BHCKJJ25 Sum of HI-C(II)7B through HI-C(II)10B must equal HI-C(II)11B (bhckjj20+bhckjj21+bhckjj23+bhckjj24) eq bhckjj25

FRY9C 20150331 99991231 No Change HC-B Validity 2235 HC-2b BHCK1773 HC-B8D must equal HC-2b. bhct1773 eq bhck1773

FRY9C 20190331 99991231 No Change HC Validity 2025 HC-4c BHCK3123 HI-B(II)7A must equal HC-4c. bhct3123 eq bhck3123

FRY9C 20150331 99991231 No Change HC Validity 2050 HC-4d BHCKB529 HC-4b minus HC-4c must equal HC-4d. (bhckb528 - bhck3123) eq bhckb529

FRY9C 20180630 99991231 No Change HC-D Validity 2489 HC-5 BHCK3545 If HC-D12 is not equal to null, then HC-D12 must equal HC-5. if bhct3545 ne null then bhct3545 eq bhck3545

FRY9C 20150331 99991231 No Change HC Validity 3040 HC-7 BHCK2150 HC-M13 must equal HC-7. bhct2150 eq bhck2150

FRY9C 20180630 99991231 No Change HC-M Validity 3020 HC-10 BHCK2143 HC-M12d must equal HC-10. bhct2143 eq bhck2143

FRY9C 20150331 99991231 No Change HC-F Validity 2655 HC-11 BHCK2160 HC-F7 must equal HC-11. bhct2160 eq bhck2160

FRY9C 20190331 99991231 No Change HC Validity 2070 HC-12 BHCK2170 Sum of HC-1a through HC-4a and HC-4d through HC-11 must 

equal HC-12.

(bhck0081 + bhck0395 + bhck0397 + bhckjj34 + bhck1773 + 

bhckja22 + bhdmb987 + bhckb989 + bhck5369 + bhckb529 + 

bhck3545 + bhck2145 + bhck2150 + bhck2130 + bhck3656 + 

bhck2143 + bhck2160) eq bhck2170

FRY9C 20150331 99991231 No Change HC Validity 2080 HC-12 BHCK2170 HC-12 must be greater than zero. bhck2170 gt 0

FRY9C 20180630 99991231 No Change HC-D Validity 2524 HC-15 BHCK3548 If HC-D15 is not equal to null, then HC-D15 must equal HC15.if bhct3548 ne null then bhct3548 eq bhck3548

FRY9C 20150331 99991231 No Change HC-M Validity 3060 HC-16 BHCK3190 HC-M14d must equal HC-16. bhct3190 eq bhck3190

FRY9C 20150331 99991231 No Change HC-G Validity 2695 HC-20 BHCK2750 HC-G5 must equal HC-20. bhct2750 eq bhck2750

FRY9C 20160930 99991231 No Change HC Validity 2110 HC-21 BHCK2948 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of 

HC-13a1 through HC-20 must equal HC-21.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, (bhdm6631 + 

bhdm6636 + bhfn6631 + bhfn6636 + bhdmb993 + bhckb995 + 

bhck3548 + bhck3190 + bhck4062 + bhckc699 + bhck2750) eq 

bhck2948

FRY9C 20150331 99991231 No Change HC Validity 2125 HC-27a BHCK3210 Sum of HC-23 through HC-26c must equal HC-27a. (bhck3283 + bhck3230 + bhck3240 + bhck3247 + bhckb530 + 

bhcka130) eq bhck3210

FRY9C 20150331 99991231 No Change HC Validity 2127 HC-27a BHCK3210 HI-A15 must equal HC-27a. bhct3210 eq bhck3210

FRY9C 20150331 99991231 No Change HC Validity 2135 HC-29 BHCK3300 Sum of HC-21 and HC-28 must equal HC-29. (bhck2948 + bhckg105) eq bhck3300

FRY9C 20150331 99991231 No Change HC Validity 2145 HC-29 BHCK3300 HC-29 must equal HC-12. bhck3300 eq bhck2170

FRY9C 20150331 99991231 No Change HC Validity 2150 HC-Mem1 BHCKC884 For December, HC-Mem1 must equal "1" (yes) or "0" (no) 

and HC-Mem1 must not be null.

if (mm-q1 eq 12) then (bhckc884 eq 1 or bhckc884 eq 0) and 

bhckc884 ne null

FRY9C 20150331 99991231 No Change HC Validity 2155 HC-Mem1 BHCKC884 If HC-Mem1 is equal "1" (yes), then HC-Mem2a(1) through 

HC-Mem2b(2) must not be null.

if (bhckc884 eq 1) then (textc703 ne null and textc708 ne null and 

textc714 ne null and textc715 ne null and textc704 ne null and 

textc705 ne null)

FRY9C 20191231 99991231 No Change HC-B Validity 2175 HC-B8A BHCK1754 Sum of HC-B1A through HC-B6bA must equal HC-B8A. (bhck0211 + bhckht50 + bhck8496 + bhckg300 + bhckg304 + 

bhckg308 + bhckkx52 + bhckg312 + bhckg316 + bhckg320 + 

bhckk142 + bhckk146 + bhckk150 + bhckk154 + bhckc026 + 

bhckht58 + bhck1737 + bhck1742) eq bhck1754

FRY9C 20191231 99991231 No Change HC-B Validity 2215 HC-B8B BHCK1771 Sum of HC-B1B through HC-B6bB must equal HC-B8B. (bhck0213 + bhckht51 + bhck8497 + bhckg301 + bhckg305 + 

bhckg309 + bhckkx53 + bhckg313 + bhckg317 + bhckg321 + 

bhckk143 + bhckk147 + bhckk151 + bhckk155 + bhckc988 + 

bhckht59 + bhck1738 + bhck1743) eq bhck1771

FRY9C 20201231 99991231 No Change HC-B Validity 2225 HC-B8C BHCK1772 Sum of HC-B1C through HC-B6bC must equal HC-B8C. (bhck1286 + bhckht52 + bhck8498 + bhckg302 + bhckg306 + 

bhckg310 + bhckkx54 + bhckg314 + bhckg318 + bhckg322 + 

bhckk144 + bhckk148 + bhckk152 + bhckk156 + bhckc989 + 

bhckht60 + bhck1739 + bhck1744) eq bhck1772

FRY9C 20201231 99991231 No Change HC-B Validity 2185 HC-B8D BHCT1773 Sum of HC-B1D through HC-B6bD must equal HC-B8D. (bhck1287 + bhckht53 + bhck8499 + bhckg303 + bhckg307 + 

bhckg311 + bhckkx55 + bhckg315 + bhckg319 + bhckg323 + 

bhckk145 + bhckk149 + bhckk153 + bhckk157 + bhckc027 + 

bhckht61 + bhck1741 + bhck1746) eq bhct1773

June 2021 FR Y-9C: CHK-3 of 24
Validity (V) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Each edit in the checklist must balance, rounding errors are not allowed

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20190331 99991231 No Change HC-B Validity 2240 HC-BM1 BHCK0416 HC-BM1 must be less than or equal to the sum of HC-2a and 

HC-2b.

bhck0416 le (bhckjj34 + bhck1773)

FRY9C 20191231 99991231 No Change HC-B Validity 2250 HC-BM2c BHCK0387 If HC-N10C is equal to zero, then the sum of HC-BM2a 

through HC-BM2c must be equal to the sum of HC-B1A 

through HC-B6bA and HC-B1D through HC-B6bD.

if bhck3507 eq 0 then (bhck0383 + bhck0384 + bhck0387) eq 

((bhck0211 + bhckht50 + bhck8496 + bhckg300 + bhckg304 + 

bhckg308 + bhckkx52 + bhckg312 + bhckg316 + bhckg320 + 

bhckk142 + bhckk146 + bhckk150 + bhckk154 + bhckc026 + 

bhckht58 + bhck1737 + bhck1742) + (bhck1287 + bhckht53 + 

bhck8499 + bhckg303 + bhckg307 + bhckg311 + bhckkx55 + 

bhckg315 + bhckg319 + bhckg323 + bhckk145 + bhckk149 + 

bhckk153 + bhckk157 + bhckc027 + bhckht61 + bhck1741 + 

bhck1746))

FRY9C 20191231 99991231 No Change HC-B Validity 2260 HC-BM4a BHCK8782 HC-BM4a must be less than or equal to the sum of HC-B2A 

through HC-B3A, HC-B5aA through HC-B6bA, HC-B2C 

through HC-B3C, and HC-B5aC through HC-B6bC.

bhck8782 le (bhckht50 + bhck8496 + bhckc026 + bhckht58 + 

bhck1737 + bhck1742 + bhckht52 + bhck8498 + bhckc989 + 

bhckht60 + bhck1739 + bhck1744)

FRY9C 20180630 99991231 No Change HC-B Validity 2270 HC-BM4b BHCK8783 HC-BM4b must be less than or equal to the sum of HC-B2B 

through HC-B3B, HC-B5aB through HC-B6bB, HC-B2D 

through HC-B3D, and HC-B5aD through HC-B6bD.

bhck8783 le (bhckht51 + bhck8497 + bhckc988 + bhckht59 + 

bhck1738 + bhck1743 + bhckht53 + bhck8499 + bhckc027 + 

bhckht61 + bhck1741 + bhck1746)

FRY9C 20150331 99991231 No Change HC-C Validity 2275 HC-C1e2B BHCKF161 Sum of HC-C1a1B through HC-C1e2B must be less than or 

equal to HC-C1A.

(bhckf158 + bhckf159 + bhdm1420 + bhdm1797 + bhdm5367 + 

bhdm5368 + bhdm1460 + bhckf160 + bhckf161) le bhck1410

FRY9C 20160930 99991231 No Change HC-C Validity 0421 HC-C2bA BHCK1296 Sum of HC-N2aA through HC-N2bC must be less than or 

equal to the sum of HC-C2aA and HC-C2bA.

(bhck5377 + bhck5378 + bhck5379 + bhck5380 + bhck5381 + 

bhck5382) le (bhck1292 + bhck1296)

FRY9C 20150331 99991231 No Change HC-C Validity 2285 HC-C2bA BHCK1296 HC-C2B must be less than or equal to the sum of HC-C2aA 

and HC-C2bA.

bhdm1288 le (bhck1292 + bhck1296)

FRY9C 20150331 99991231 No Change HC-C Validity 2300 HC-C3B BHDM1590 HC-C3B must be less than or equal to HC-C3A. bhdm1590 le bhck1590

FRY9C 20150331 99991231 No Change HC-C Validity 2325 HC-C6dA BHCKK207 HC-C6B must be less than or equal to the sum of HC-C6aA, 

HC-C6bA, HC-C6cA and HC-C6dA.

bhdm1975 le (bhckb538 + bhckb539 + bhckk137 + bhckk207)

FRY9C 20160930 99991231 No Change HC-C Validity 0418 HC-C7A BHCK2081 Sum of HC-N6A through HC-N6C must be less than or equal 

to HC-C7A.

(bhck5389 + bhck5390 + bhck5391) le bhck2081

FRY9C 20150331 99991231 No Change HC-C Validity 2333 HC-C7B BHDM2081 HC-C7B must be less than or equal to HC-C7A. bhdm2081 le bhck2081

FRY9C 20150331 99991231 No Change HC-C Validity 2335 HC-C9aB BHDMJ454 HC-C9aB must be less than or equal to HC-C9aA. bhdmj454 le bhckj454

FRY9C 20191231 99991231 No Change HC-C Validity 0316 HC-C9b2A BHCKJ451 Sum of HC-CM1f, HC-N1bA through HC-N1bC, HC-N1fA 

through HC-N3C, HC-N5aA through HC-N7C must be less 

than or equal to the sum of HC-C1A, HC-C2aA through HCC3A, HC-C6aA through HC-C7A and HC-C9aA through HCC9b3A minus the sum of HC-C1a1B, HC-C1a2B and HC-C1c1B 

through HC-C1e2B.

(bhckk165 + bhck3493 + bhck3494 + bhck3495 + bhckb572 + 

bhckb573 + bhckb574 + bhck5377 + bhck5378 + bhck5379 + 

bhck5380 + bhck5381 + bhck5382 + bhck1594 + bhck1597 + 

bhck1583 + bhckb575 + bhckb576 + bhckb577 + bhckk213 + 

bhckk214 + bhckk215 + bhckk216 + bhckk217 + bhckk218 + 

bhck5389 + bhck5390 + bhck5391 + bhck5459 + bhck5460 + 

bhck5461) le ((bhck1410 + bhck1292 + bhck1296 + bhck1590 + 

bhckb538 + bhckb539 + bhckk137 + bhckk207 + bhck2081 + 

bhckj454 + bhck1545 + bhckj451 + bhckkx57) - (bhckf158 + 

bhckf159 + bhdm1797 + bhdm5367 + bhdm5368 + bhdm1460 + 

bhckf160 + bhckf161))

FRY9C 20191231 99991231 No Change HC-C Validity 0419 HC-C9b2A BHCKJ451 Sum of HC-N1fA through HC-N1fC, and HC-N7A through HCN7C must be less than or equal to the sum of HC-C1A, and 

HC-C9aA through HC-C9b3A minus the sum of HC-C1a1B 

through HC-C1e2B.

(bhckb572 + bhckb573 + bhckb574 + bhck5459 + bhck5460 + 

bhck5461) le ((bhck1410 + bhckj454 + bhck1545 + bhckj451 + 

bhckkx57) - (bhckf158 + bhckf159 + bhdm1420 + bhdm1797 + 

bhdm5367 + bhdm5368 + bhdm1460 + bhckf160 + bhckf161))

FRY9C 20191231 99991231 No Change HC-C Validity 2360 HC-C10bA BHCKF163 HC-C10B must be less than or equal to the sum of HC-C10aA, 

HC-C10bA and HC-C10cA.

bhdm2165 le (bhckf162 + bhckf163 + bhckkx58)

FRY9C 20191231 99991231 No Change HC-C Validity 2370 HC-C11A BHCK2123 Sum of HC-C1A through HC-C10cA minus HC-C11A must 

equal HC-C12A.

(bhck1410 + bhck1292 + bhck1296 + bhck1590 + bhck1763 + 

bhck1764 + bhckkx56 + bhckb538 + bhckb539 + bhckk137 + 

bhckk207 + bhck2081 + bhckj454 + bhck1545 + bhckj451 + 

bhckkx57 + bhckf162 + bhckf163 + bhckkx58) - bhck2123 eq 

bhck2122

June 2021 FR Y-9C: CHK-4 of 24
Validity (V) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Each edit in the checklist must balance, rounding errors are not allowed

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC-C Validity 2380 HC-C11B BHDM2123 HC-C11B must be less than or equal to HC-C11A. bhdm2123 le bhck2123

FRY9C 20150331 99991231 No Change HC-C Validity 2395 HC-C12A BHCK2122 HC-C12A must equal the sum of HC-4a and HC-4b. bhck2122 eq (bhck5369 + bhckb528)

FRY9C 20191231 99991231 No Change HC-C Validity 2410 HC-C12B BHDM2122 Sum of HC-C1a1B through HC-C10B minus HC-C11B must 

equal HC-C12B.

(bhckf158 + bhckf159 + bhdm1420 + bhdm1797 + bhdm5367 + 

bhdm5368 + bhdm1460 + bhckf160 + bhckf161 + bhdm1288 + 

bhdm1590 + bhdm1766 + bhdm1975 + bhdm2081 + bhdmj454 + 

bhdm1545 + bhdmj451 + bhdmkx57 +bhdm2165) - bhdm2123 eq 

bhdm2122

FRY9C 20150331 99991231 No Change HC-C Validity 2420 HC-C12B BHDM2122 HC-C12B must be less than or equal to HC-C12A. bhdm2122 le bhck2122

FRY9C 20150331 99991231 No Change HC-C Validity 0349 HC-CM1b BHDMF576 HC-CM1b must be less than or equal to the sum of HC-C1c1B 

through HC-C1c2bB

bhdmf576 le (bhdm1797 + bhdm5367 + bhdm5368)

FRY9C 20191231 99991231 No Change HC-C Validity 2430 HC-CM1f BHCKK165 HC-CM1f must be less than or equal to the sum of HC-C1A, 

HC-C2aA through HC-C3A, HC-C6aA through HC-C7A and HCC9aA through HC-C9b3A minus the sum of HC-C1a1B, HCC1a2B and HC-C1c1B through HC-C1e2B.

bhckk165 le ((bhck1410 + bhck1292 + bhck1296 + bhck1590 + 

bhckb538 + bhckb539 + bhckk137 + bhckk207 + bhck2081 + 

bhckj454 + bhck1545 + bhckj451 + bhckkx57) - (bhckf158 + 

bhckf159 + bhdm1797 + bhdm5367 + bhdm5368 + bhdm1460 + 

bhckf160 + bhckf161)) 

FRY9C 20191231 99991231 No Change HC-C Validity 2440 HC-CM2 BHCK2746 HC-CM2 must be less than or equal to the sum of HC-C4aA, 

HC-C4bA, HC-C4cA, HC-C9aA, HC-C9b1A, HC-C9b2A and HCC9b3A.

bhck2746 le (bhck1763 + bhck1764 + bhckkx56 + bhckj454 + 

bhck1545 + bhckj451 + bhckkx57)

FRY9C 20191231 99991231 No Change HC-C Validity 2455 HC-CM3 BHCKB837 If previous year June HC-12 is greater than or equal to $5 

billion, then HC-CM3 must be less than or equal to HC-C1A

if (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06 

and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6 

ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000) 

then bhckb837 le bhck1410 

FRY9C 20191231 99991231 No Change HC-C Validity 2460 HC-CM4 BHCKC391 If previous year June HC-12 is greater than or equal to $5 

billion, then HC-CM4 must be less than or equal to HC-C6aA

if (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06 

and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6 

ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000) 

then bhckc391 le bhckb538

FRY9C 20180630 99991231 No Change HC-C Validity 2465 HC-CM6a BHCKF230 For June and December, HC-CM6a must be less than or 

equal to the sum of HC-C1c2aB and HC-C1c2bB.

if mm-q1 eq 06 or mm-q1 eq 12, bhckf230 le (bhdm5367 + 

bhdm5368)

FRY9C 20180630 99991231 No Change HC-D Validity 2479 HC-D12 BHCT3545 Sum of HC-D1 through HC-D11 must equal HC-D12. (bhcm3531 + bhcm3532 + bhcm3533 + bhckg379 + bhckg380 + 

bhckg381 + bhckk197 + bhckk198 + bhckht62 + bhckg386 + 

bhckht63 + bhckht64 + bhckf614 + bhckht65 + bhckf618 + 

bhcm3541 + bhcm3543) eq bhct3545

FRY9C 20180630 99991231 No Change HC-D Validity 2509 HC-D15 BHCT3548 Sum of HC-D13a1, HC-D13a2, HC-D13a3, HC-D13b, and HCD14 must equal HC-D15.(bhckg209 + bhckg210 + bhckg211 + bhckf624 + bhck3547) eq 

bhct3548

FRY9C 20180930 99991231 No Change HC-D Validity 0174 HC-DM3g BHCKG652 If HC-D5a and HC-DM3a are not null, then the sum of HCDM3a through HC-DM3g must equal the sum of HC-D5a.if bhckht62 ne null and bhckg299 ne null then (bhckg299 + 

bhckg332 + bhckg333 + bhckg334 + bhckg335 + bhckg651 + 

bhckg652) eq bhckht62

FRY9C 20170331 99991231 No Change HC-E Validity 2550 HC-E1e BHCBJ474 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, If HC-E1e 

is greater than zero, then HC-E1e must be greater than or 

equal to $250k.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if bhcbj474 gt 

0 then bhcbj474 ge 250

FRY9C 20170331 99991231 No Change HC-E Validity 2580 HC-E2e BHODJ474 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of 

HC-E1a through HC-E2e must equal the sum of HC-13a1 and 

HC-13a2.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, (bhcb2210 + 

bhcb3187 + bhcb2389 + bhcbhk29 + bhcbj474 + bhod3189 + 

bhod3187 + bhod2389 + bhodhk29 + bhodj474) eq (bhdm6631 + 

bhdm6636)

FRY9C 20170331 99991231 No Change HC-E Validity 2595 HC-E2e BHODJ474 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, If HC-E2e 

is greater than zero, then HC-E2e must be greater than or 

equal to $250k.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if bhodj474 gt 

0 then bhodj474 ge 250

FRY9C 20170331 99991231 No Change HC-E Validity 2615 HC-EM3 BHDMHK32 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-EM3 

must be less than or equal to the sum of HC-E1e and HC-E2e.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhdmhk32 le 

(bhcbj474 + bhodj474)

FRY9C 20160930 99991231 No Change HC-E Validity 2625 HC-EM4 BHFNA245 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-EM4 

must be less than or equal to the sum of HC-13b1 and HC13b2.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhfna245 le 

(bhfn6631 + bhfn6636)

June 2021 FR Y-9C: CHK-5 of 24
Validity (V) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Each edit in the checklist must balance, rounding errors are not allowed

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20180630 99991231 No Change HC-F Validity 2640 HC-F6 BHCK2168 Sum of HC-F1 through HC-F6 must equal HC-F7. (bhckb556 + bhck2148 + bhckht80 + bhck1752 + bhckk201 + 

bhckk202 + bhckk270 + bhck2168) eq bhct2160

FRY9C 20150331 99991231 No Change HC-G Validity 2680 HC-G4 BHCKB984 Sum of HC-G2 through HC-G4 must equal HC-G5. (bhck3049 + bhckb557 + bhckb984) eq bhct2750

FRY9C 20190331 99991231 No Change HC-H Validity 2710 HC-H1 BHCK3197 HC-H1 must be less than or equal to the sum of HC-1b1 

through HC-4b, HC-7, HC-8, and HC-11 minus the sum of HCN9C and HC-N10C.

bhck3197 le ((bhck0395 + bhck0397 + bhckjj34 + bhck1773 + 

bhckja22 + bhdmb987 + bhckb989 + bhck5369 + bhckb528 + 

bhck2150 + bhck2130 + bhck2160) - (bhck1403 + bhck3507)

FRY9C 20150331 99991231 No Change HC-H Validity 2725 HC-H3 BHCK3298 HC-H3 must be less than or equal to the sum of HC-16 and 

HC-19a.

bhck3298 le (bhck3190 + bhck4062)

FRY9C 20150331 99991231 No Change HC-H Validity 2740 HC-H5 BHCK3409 HC-H5 must be less than or equal to HC-19a. bhck3409 le bhck4062

FRY9C 20170331 99991231 No Change HC-I Validity 2750 HC-I(I)1 BHCKB988 HC-I(I)1 must be greater than or equal to 10 million or must 

be null.

bhckb988 ge 10000 or bhckb988 eq null

FRY9C 20170331 99991231 No Change HC-I Validity 2760 HC-I(II)1 BHCKC247 HC-I(II)1 must be greater than or equal to 10 million or must 

be null.

bhckc247 ge 10000 or bhckc247 eq null

FRY9C 20150331 99991231 No Change HC-K Validity 2770 HC-K5 BHCK3368 HC-K5 must be greater than zero. bhck3368 gt 0

FRY9C 20150331 99991231 No Change HC-L Validity 2775 HC-L1c1 BHCK3816 Sum of HC-L1c1a and HC-L1c1b must equal HC-L1c1. (bhckf164 + bhckf165) eq bhck3816

FRY9C 20150331 99991231 No Change HC-L Validity 2800 HC-L2a BHCK3820 HC-L2a must be less than or equal to HC-L2. bhck3820 le bhck6566

FRY9C 20150331 99991231 No Change HC-L Validity 2805 HC-L3a BHCK3822 HC-L3a must be less than or equal to HC-L3. bhck3822 le bhck6570

FRY9C 20150331 99991231 No Change HC-L Validity 2815 HC-L9f BHCK6586 Sum of HC-L9a through HC-L9f must be less than or equal to 

HC-L9.

(bhck3434 + bhck3435 + bhck6561 + bhck6562 + bhck6568 + 

bhck6586) le bhck3430

FRY9C 20150331 99991231 No Change HC-L Validity 2830 HC-L13A BHCK8725 Sum of HC-L11aA through HC-L11eA must equal the sum of 

HC-L12A and HC-L13A.

(bhck8693 + bhck8697 + bhck8701 + bhck8705 + bhck8709 + 

bhck8713 + bhck3450) eq (bhcka126 + bhck8725)

FRY9C 20150331 99991231 No Change HC-L Validity 2855 HC-L13B BHCK8726 Sum of HC-L11aB through HC-L11eB must equal the sum of 

HC-L12B and HC-L13B.

(bhck8694 + bhck8698 + bhck8702 + bhck8706 + bhck8710 + 

bhck8714 + bhck3826) eq (bhcka127 + bhck8726)

FRY9C 20150331 99991231 No Change HC-L Validity 2880 HC-L13C BHCK8727 Sum of HC-L11aC through HC-L11eC must equal the sum of 

HC-L12C and HC-L13C.

(bhck8695 + bhck8699 + bhck8703 + bhck8707 + bhck8711 + 

bhck8715 + bhck8719) eq (bhck8723 + bhck8727)

FRY9C 20150331 99991231 No Change HC-L Validity 2895 HC-L13D BHCK8728 Sum of HC-L11aD through HC-L11eD must equal the sum of 

HC-L12D and HC-L13D.

(bhck8696 + bhck8700 + bhck8704 + bhck8708 + bhck8712 + 

bhck8716 + bhck8720) eq (bhck8724 + bhck8728)

FRY9C 20150331 99991231 No Change HC-L Validity 0177 HC-L15b8A BHCKG458 Sum of HC-L15b1A through HC-L15b7A must equal HCL15b8A.(bhckg423 + bhckg428 + bhckg433 + bhckg438 + bhckg443 + 

bhckg448 + bhckg453) eq bhckg458

FRY9C 20150331 99991231 No Change HC-L Validity 0179 HC-L15b8C BHCKG460 Sum of HC-L15b1C through HC-L15b7C must equal HCL15b8C.(bhckg425 + bhckg430 + bhckg435 + bhckg440 + bhckg445 + 

bhckg450 + bhckg455) eq bhckg460

FRY9C 20150331 99991231 No Change HC-L Validity 0180 HC-L15b8D BHCKG461 Sum of HC-L15b1D through HC-L15b7D must equal HCL15b8D.(bhckg426 + bhckg431 + bhckg436 + bhckg441 + bhckg446 + 

bhckg451 + bhckg456) eq bhckg461

FRY9C 20150331 99991231 No Change HC-L Validity 0181 HC-L15b8E BHCKG462 Sum of HC-L15b1E through HC-L15b7E must equal HCL15b8E.(bhckg427 + bhckg432 + bhckg437 + bhckg442 + bhckg447 + 

bhckg452 + bhckg457) eq bhckg462

FRY9C 20160930 99991231 No Change HC-M Validity 2920 HC-M2 BHCK6555 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-M2 

must be less than or equal to the sum of HC-16 and HC-19a.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck6555 le 

(bhck3190 + bhck4062)

FRY9C 20160930 99991231 No Change HC-M Validity 2925 HC-M3 BHCK6556 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-M3 

must be less than or equal to the sum of HC-16 and HC-19a.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck6556 le 

(bhck3190 + bhck4062)

FRY9C 20180331 99991231 No Change HC-M Validity 0222 HC-M6a5 BHCKK183 Sum of HC-M6a1a1 through HC-M6a5 must be less than or 

equal to the sum of HC-4a and HC-4b.

(bhdmk169 + bhdmk170 + bhdmk171 + bhdmk172 + bhdmk173 + 

bhdmk174 + bhdmk175 + bhdmk176 + bhdmk177 + bhckk183) le 

(bhck5369 + bhckb528)

FRY9C 20150331 99991231 No Change HC-M Validity 0317 HC-M6a1a1 BHDMK169 Sum of HC-N12a1aA through HC-N12a1aC must be less than 

or equal to HC-M6a1a1.

(bhdmk045 + bhdmk046 + bhdmk047) le bhdmk169

FRY9C 20150331 99991231 No Change HC-M Validity 0332 HC-M6a1a1 BHDMK169 HC-M6a1a1 must be less than or equal to HC-C1a1B. bhdmk169 le bhckf158

FRY9C 20150331 99991231 No Change HC-M Validity 0318 HC-M6a1a2 BHDMK170 Sum of HC-N12a1bA through HC-N12a1bC must be less than 

or equal to HC-M6a1a2.

(bhdmk048 + bhdmk049 + bhdmk050) le bhdmk170

FRY9C 20150331 99991231 No Change HC-M Validity 0333 HC-M6a1a2 BHDMK170 HC-M6a1a2 must be less than or equal to HC-C1a2B. bhdmk170 le bhckf159

FRY9C 20150331 99991231 No Change HC-M Validity 0319 HC-M6a1b BHDMK171 Sum of HC-N12a2A through HC-N12a2C must be less than or 

equal to HC-M6a1b.

(bhdmk051 + bhdmk052 + bhdmk053) le bhdmk171

FRY9C 20150331 99991231 No Change HC-M Validity 0334 HC-M6a1b BHDMK171 HC-M6a1b must be less than or equal to HC-C1bB. bhdmk171 le bhdm1420

June 2021 FR Y-9C: CHK-6 of 24
Validity (V) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Each edit in the checklist must balance, rounding errors are not allowed

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC-M Validity 0320 HC-M6a1c1 BHDMK172 Sum of HC-N12a3aA through HC-N12a3aC must be less than 

or equal to HC-M6a1c1.

(bhdmk054 + bhdmk055 + bhdmk056) le bhdmk172

FRY9C 20150331 99991231 No Change HC-M Validity 0335 HC-M6a1c1 BHDMK172 HC-M6a1c1 must be less than or equal to HC-C1c1B. bhdmk172 le bhdm1797

FRY9C 20150331 99991231 No Change HC-M Validity 0321 HC-M6a1c2a BHDMK173 Sum of HC-N12a3b1A through HC-N12a3b1C must be less 

than or equal to HC-M6a1c2a.

(bhdmk057 + bhdmk058 + bhdmk059) le bhdmk173

FRY9C 20150331 99991231 No Change HC-M Validity 0336 HC-M6a1c2a BHDMK173 HC-M6a1c2a must be less than or equal to HC-C1c2aB. bhdmk173 le bhdm5367

FRY9C 20150331 99991231 No Change HC-M Validity 0322 HC-M6a1c2b BHDMK174 Sum of HC-N12a3b2A through HC-N12a3b2C must be less 

than or equal to HC-M6a1c2b.

(bhdmk060 + bhdmk061 + bhdmk062) le bhdmk174

FRY9C 20150331 99991231 No Change HC-M Validity 0337 HC-M6a1c2b BHDMK174 HC-M6a1c2b must be less than or equal to HC-C1c2bB. bhdmk174 le bhdm5368

FRY9C 20150331 99991231 No Change HC-M Validity 0323 HC-M6a1d BHDMK175 Sum of HC-N12a4A through HC-N12a4C must be less than or 

equal to HC-M6a1d.

(bhdmk063 + bhdmk064 + bhdmk065) le bhdmk175

FRY9C 20150331 99991231 No Change HC-M Validity 0338 HC-M6a1d BHDMK175 HC-M6a1d must be less than or equal to HC-C1dB. bhdmk175 le bhdm1460

FRY9C 20150331 99991231 No Change HC-M Validity 0324 HC-M6a1e1 BHDMK176 Sum of HC-N12a5aA through HC-N12a5aC must be less than 

or equal to HC-M6a1e1.

(bhdmk066 + bhdmk067 + bhdmk068) le bhdmk176

FRY9C 20150331 99991231 No Change HC-M Validity 0339 HC-M6a1e1 BHDMK176 HC-M6a1e1 must be less than or equal to HC-C1e1B. bhdmk176 le bhckf160

FRY9C 20150331 99991231 No Change HC-M Validity 0325 HC-M6a1e2 BHDMK177 Sum of HC-N12a5bA through HC-N12a5bC must be less than 

or equal to HC-M6a1e2.

(bhdmk069 + bhdmk070 + bhdmk071) le bhdmk177

FRY9C 20150331 99991231 No Change HC-M Validity 0340 HC-M6a1e2 BHDMK177 HC-M6a1e2 must be less than or equal to HC-C1e2B. bhdmk177 le bhckf161

FRY9C 20150331 99991231 No Change HC-M Validity 0331 HC-M6a5 BHCKK183 Sum of HC-N12eA through HC-N12eC must be less than or 

equal to HC-M6a5.

(bhckk087 + bhckk088 + bhckk089) le bhckk183

FRY9C 20150331 99991231 No Change HC-M Validity 0223 HC-M6b6 BHFNK260 Sum of HC-M6b1 through HC-M6b6 must be less than or 

equal to HC-7.

(bhdmk187 + bhdmk188 + bhdmk189 + bhdmk190 + bhdmk191 + 

bhfnk260) le bhck2150

FRY9C 20150331 99991231 No Change HC-M Validity 0365 HC-M6b7 BHCKK192 HC-M6b7 must be less than or equal to the sum of HC-M6b1 

through HC-M6b6.

bhckk192 le (bhdmk187 + bhdmk188 + bhdmk189 + bhdmk190 + 

bhdmk191 + bhfnk260)

FRY9C 20190331 99991231 No Change HC-M Validity 0224 HC-M6c BHCKJ461 HC-M6c must be less than or equal to the sum of HC-2a and 

HC-2b.

bhckj461 le (bhckjj34 + bhck1773)

FRY9C 20150331 99991231 No Change HC-M Validity 2955 HC-M8 BHCKC251 HC-M8 must equal 1 (yes) or 0 (no) and must not be null. bhckc251 eq 1 or bhckc251 eq 0 and bhckc251 ne null

FRY9C 20150331 99991231 No Change HC-M Validity 2970 HC-M9 BHCK6689 HC-M9 must equal 1 (yes) or 0 (no) and must not be null. bhck6689 eq 1 or bhck6689 eq 0 and bhck6689 ne null

FRY9C 20150331 99991231 No Change HC-M Validity 3025 HC-M11 BHCK6416 HC-M11 must equal 1 (yes) or 0 (no) and must not be null. bhck6416 eq 1 or bhck6416 eq 0 and bhck6416 ne null

FRY9C 20150331 99991231 No Change HC-M Validity 0217 HC-M11N TEXT6428 HC-M11N must not be null. text6428 ne null

FRY9C 20150331 99991231 No Change HC-M Validity 0218 HC-M11P TEXT9009 HC-M11P must not be null. text9009 ne null

FRY9C 20180930 99991231 No Change HC-M Validity 3010 HC-M12c BHCKJF76 Sum of HC-M12a, HC-M12b and HC-M12c must equal HCM12d.(bhck3164 + bhck3163 + bhckjf76) eq bhct2143

FRY9C 20150331 99991231 No Change HC-M Validity 3050 HC-M14c BHCK2333 Sum of HC-M14a through HC-M14c must equal HC-M14d. (bhck2309 + bhck2332 + bhck2333) eq bhct3190

FRY9C 20150331 99991231 No Change HC-M Validity 3070 HC-M15 BHCKB569 HC-M15 must equal 1 (yes) or 0 (no) and must not be null. bhckb569 eq 1 or bhckb569 eq 0 and bhckb569 ne null

FRY9C 20150331 99991231 No Change HC-M Validity 3071 HC-M17 BHCKC161 HC-M17 must equal 1 (yes) or 0 (no) and must not be null. bhckc161 eq 1 or bhckc161 eq 0 and bhckc161 ne null

FRY9C 20150331 99991231 No Change HC-M Validity 3072 HC-M18 BHCKC159 If HC-M17 is equal to 1 (yes), then HC-M18 must equal 1 

(yes) or 0 (no) and HC-M18 must not be null.

if bhckc161 eq 1 then bhckc159 eq 1 or bhckc159 eq 0 and 

bhckc159 ne null

FRY9C 20150331 99991231 No Change HC-M Validity 3073 HC-M18 BHCKC159 If HC-M17 is equal to 0 (no), then HC-M18 must equal null. if bhckc161 eq 0 then bhckc159 eq null

FRY9C 20150331 99991231 No Change HC-M Validity 3074 HC-M19a BHCKC700 If HC-M17 and HC-M18 are equal to 1 (yes), then HC-M19a 

must equal null.

if (bhckc161 eq 1 and bhckc159 eq 1) then bhckc700 eq null

FRY9C 20150331 99991231 No Change HC-M Validity 3076 HC-M19a BHCKC700 If HC-M17 or HC-M18 is equal to 0 (no), then HC-M19a must 

equal 1 (yes) or 0 (no) and HC-M19a must not be null.

if (bhckc161 eq 0 or bhckc159 eq 0) then (bhckc700 eq 1 or 

bhckc700 eq 0) and bhckc700 ne null

FRY9C 20150331 99991231 No Change HC-M Validity 3077 HC-M19b BHCKC701 If HC-M17 and HC-M18 are equal to 1 (yes), then HC-M19b 

must equal null.

if (bhckc161 eq 1 and bhckc159 eq 1) then bhckc701 eq null

FRY9C 20150331 99991231 No Change HC-M Validity 3078 HC-M19b BHCKC701 If HC-M17 or HC-M18 is equal to 0 (no), then HC-M19b must 

equal 1 (yes) or 0 (no) and HC-M19b must not be null.

if (bhckc161 eq 0 or bhckc159 eq 0) then (bhckc701 eq 1 or 

bhckc701 eq 0) and bhckc701 ne null

FRY9C 20160930 99991231 No Change HC-M Validity 3079 HC-M20d BHCK5047 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-M20d 

must be less than or equal to the sum of HC-M20c1, HCM20c2, and HC-M20c3.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck5047 le 

(bhck5041 + bhck5043 + bhck5045)

June 2021 FR Y-9C: CHK-7 of 24
Validity (V) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Each edit in the checklist must balance, rounding errors are not allowed

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC-N Validity 3080 HC-N1a1C BHCKF176 Sum of HC-N1a1A through HC-N1a1C must be less than or 

equal to HC-C1a1B.

(bhckf172 + bhckf174 + bhckf176) le bhckf158

FRY9C 20150331 99991231 No Change HC-N Validity 3085 HC-N1bC BHCK3495 Sum of HC-N1bA through HC-N1bC must be less than or 

equal to HC-C1bB.

(bhck3493 + bhck3494 + bhck3495) le bhdm1420

FRY9C 20150331 99991231 No Change HC-N Validity 3095 HC-N1c1C BHCK5400 Sum of HC-N1c1A through HC-N1c1C must be less than or 

equal to HC-C1c1B.

(bhck5398 + bhck5399 + bhck5400) le bhdm1797

FRY9C 20150331 99991231 No Change HC-N Validity 3100 HC-N1c2aC BHCKC229 Sum of HC-N1c2aA through HC-N1c2aC must be less than or 

equal to HC-C1c2aB.

(bhckc236 + bhckc237 + bhckc229) le bhdm5367

FRY9C 20150331 99991231 No Change HC-N Validity 3105 HC-N1c2bC BHCKC230 Sum of HC-N1c2bA through HC-N1c2bC must be less than or 

equal to HC-C1c2bB.

(bhckc238 + bhckc239 + bhckc230) le bhdm5368

FRY9C 20150331 99991231 No Change HC-N Validity 3115 HC-N1dC BHCK3501 Sum of HC-N1dA through HC-N1dC must be less than or 

equal to HC-C1dB.

(bhck3499 + bhck3500 + bhck3501) le bhdm1460

FRY9C 20150331 99991231 No Change HC-N Validity 3120 HC-N1e1C BHCKF182 Sum of HC-N1e1A through HC-N1e1C must be less than or 

equal to HC-C1e1B.

(bhckf178 + bhckf180 + bhckf182) le bhckf160

FRY9C 20150331 99991231 No Change HC-N Validity 3125 HC-N1f BHCKB574 Sum of HC-N1fA through HC-N1fC must be less than or equal 

to HC-C1A minus the sum of HC-C1a1B through HC-C1e2B.

(bhckb572 + bhckb573 + bhckb574) le (bhck1410 - (bhckf158 + 

bhckf159 + bhdm1420 + bhdm1797 + bhdm5367 + bhdm5368 + 

bhdm1460 + bhckf160 + bhckf161))

FRY9C 20150331 99991231 No Change HC-N Validity 3135 HC-N2bC BHCK5382 Sum of HC-N2aA through HC-N2bC must be less than or 

equal to the sum of HC-C2aA and HC-C2bA.

(bhck5377 + bhck5378 + bhck5379 + bhck5380 + bhck5381 + 

bhck5382) le (bhck1292 + bhck1296)

FRY9C 20150331 99991231 No Change HC-N Validity 3145 HC-N3C BHCK1583 Sum of HC-N3A through HC-N3C must be less than or equal 

to HC-C3A.

(bhck1594 + bhck1597 + bhck1583) le bhck1590

FRY9C 20150331 99991231 No Change HC-N Validity 3165 HC-N5aC BHCKB577 Sum of HC-N5aA through HC-N5aC must be less than or 

equal to HC-C6aA.

(bhckb575 + bhckb576 + bhckb577) le bhckb538

FRY9C 20150331 99991231 No Change HC-N Validity 0225 HC-N5bC BHCKK215 Sum of HC-N5bA through HC-N5bC must be less than or 

equal to HC-C6cA.

(bhckk213 + bhckk214 + bhckk215) le bhckk137

FRY9C 20150331 99991231 No Change HC-N Validity 3175 HC-N5cC BHCKK218 Sum of HC-N5cA through HC-N5cC must be less than or 

equal to the sum of HC-C6bA and HC-C6dA.

(bhckk216 + bhckk217 + bhckk218) le (bhckb539 + bhckk207)

FRY9C 20150331 99991231 No Change HC-N Validity 3185 HC-N6C BHCK5391 Sum of HC-N6A through HC-N6C must be less than or equal 

to HC-C7A.

(bhck5389 + bhck5390 + bhck5391) le bhck2081

FRY9C 20150331 99991231 No Change HC-N Validity 3205 HC-N8aC BHCKF168 Sum of HC-N8aA through HC-N8aC must be less than or 

equal to HC-C10aA.

(bhckf166 + bhckf167 + bhckf168) le bhckf162

FRY9C 20150331 99991231 No Change HC-N Validity 3206 HC-N8bC BHCKF171 Sum of HC-N8bA through HC-N8bC must be less than or 

equal to HC-C10bA.

(bhckf169 + bhckf170 + bhckf171) le bhckf163

FRY9C 20191231 99991231 No Change HC-N Validity 3207 HC-N8cC BHCKF171 Sum of HC-N8cA through HC-N8cC must be less than or 

equal to HC-C10cA.

(bhckkx63 + bhckkx64 + bhckkx65) le bhckkx58

FRY9C 20191231 99991231 No Change HC-N Validity 1025 HC-N9A BHCK1406 HC-N9A must equal the sum of HC-N1a1A through HC-N8cA. bhck1406 eq (bhckf172 + bhckf173 + bhck3493 + bhck5398 + 

bhckc236 + bhckc238 + bhck3499 + bhckf178 + bhckf179 + 

bhckb572 + bhck5377 + bhck5380 + bhck1594 + bhck1606 + 

bhckb575 + bhckk213 + bhckk216 + bhck5389 + bhck5459 + 

bhckf166 + bhckf169 + bhckkx63)

FRY9C 20191231 99991231 No Change HC-N Validity 1027 HC-N9B BHCK1407 HC-N9B must equal the sum of HC-N1a1B through HC-N8cB. bhck1407 eq (bhckf174 + bhckf175 + bhck3494 + bhck5399 + 

bhckc237 + bhckc239 + bhck3500 + bhckf180 + bhckf181 + 

bhckb573 + bhck5378 + bhck5381 + bhck1597 + bhck1607 + 

bhckb576 + bhckk214 + bhckk217 + bhck5390 + bhck5460 + 

bhckf167 + bhckf170 + bhckkx64)

FRY9C 20191231 99991231 No Change HC-N Validity 1029 HC-N9C BHCK1403 HC-N9C must equal the sum of HC-N1a1C through HC-N8cC. bhck1403 eq (bhckf176 + bhckf177 + bhck3495 + bhck5400 + 

bhckc229 + bhckc230 + bhck3501 + bhckf182 + bhckf183 + 

bhckb574 + bhck5379 + bhck5382 + bhck1583 + bhck1608 + 

bhckb577 + bhckk215 + bhckk218 + bhck5391 + bhck5461 + 

bhckf168 + bhckf171 + bhckkx65)

June 2021 FR Y-9C: CHK-8 of 24
Validity (V) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Each edit in the checklist must balance, rounding errors are not allowed

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20190331 99991231 No Change HC-N Validity 3215 HC-N10C BHCK3507 Sum of HC-N10A through HC-N10C must be less than or 

equal to the sum of HC-1a through HC-3b, HC-5, and HC-10 

and HC-11.

(bhck3505 + bhck3506 + bhck3507) le (bhck0081 + bhck0395 + 

bhck0397 + bhckjj34 + bhck1773 + bhckja22 + bhdmb987 + 

bhckb989 + bhck3545 + bhck2143 + bhck2160)

FRY9C 20191231 99991231 No Change HC-N Validity 3270 HC-N11A BHCKK036 HC-N11A must be less than or equal to the sum of HC-N1a1A 

through HC-N8cA.

bhckk036 le (bhckf172 + bhckf173 + bhck3493 + bhck5398 + 

bhckc236 + bhckc238 + bhck3499 + bhckf178 + bhckf179 + 

bhckb572 + bhck5377 + bhck5380 + bhck1594 + bhck1606 + 

bhckb575 + bhckk213 + bhckk216 + bhck5389 + bhck5459 + 

bhckf166 + bhckf169 + bhckkx63)

FRY9C 20191231 99991231 No Change HC-N Validity 3280 HC-N11B BHCKK037 HC-N11B must be less than or equal to the sum of HC-N1a1B 

through HC-N8cB.

bhckk037 le (bhckf174 + bhckf175 + bhck3494 + bhck5399 + 

bhckc237 + bhckc239 + bhck3500 + bhckf180 + bhckf181 + 

bhckb573 + bhck5378 + bhck5381 + bhck1597 + bhck1607 + 

bhckb576 + bhckk214 + bhckk217 + bhck5390 + bhck5460 + 

bhckf167 + bhckf170 + bhckkx64)

FRY9C 20191231 99991231 No Change HC-N Validity 3290 HC-N11C BHCKK038 HC-N11C must be less than or equal to the sum of HC-N1a1C 

through HC-N8cC.

bhckk038 le (bhckf176 + bhckf177 + bhck3495 + bhck5400 + 

bhckc229 + bhckc230 + bhck3501 + bhckf182 + bhckf183 + 

bhckb574 + bhck5379 + bhck5382 + bhck1583 + bhck1608 + 

bhckb577 + bhckk215 + bhckk218 + bhck5391 + bhck5461 + 

bhckf168 + bhckf171 + bhckkx65)

FRY9C 20150331 99991231 No Change HC-N Validity 3310 HC-N11aA BHCKK039 Sum of HC-N11aA and HC-N11bA must be less than or equal 

to HC-N11A.

(bhckk039 + bhckk042) le bhckk036

FRY9C 20150331 99991231 No Change HC-N Validity 3320 HC-N11aB BHCKK040 Sum of HC-N11aB and HC-N11bB must be less than or equal 

to HC-N11B.

(bhckk040 + bhckk043) le bhckk037

FRY9C 20150331 99991231 No Change HC-N Validity 3330 HC-N11aC BHCKK041 Sum of HC-N11aC and HC-N11bC must be less than or equal 

to HC-N11C.

(bhckk041 + bhckk044) le bhckk038

FRY9C 20150331 99991231 No Change HC-N Validity 0231 HC-N12a1aA BHDMK045 HC-N12a1aA must be less than or equal to HC-N1a1A. bhdmk045 le bhckf172

FRY9C 20150331 99991231 No Change HC-N Validity 0232 HC-N12a1aB BHDMK046 HC-N12a1aB must be less than or equal to HC-N1a1B. bhdmk046 le bhckf174

FRY9C 20150331 99991231 No Change HC-N Validity 0233 HC-N12a1aC BHDMK047 HC-N12a1aC must be less than or equal to HC-N1a1C. bhdmk047 le bhckf176

FRY9C 20150331 99991231 No Change HC-N Validity 0234 HC-N12a1bA BHDMK048 HC-N12a1bA must be less than or equal to HC-N1a2A. bhdmk048 le bhckf173

FRY9C 20150331 99991231 No Change HC-N Validity 0235 HC-N12a1bB BHDMK049 HC-N12a1bB must be less than or equal to HC-N1a2B. bhdmk049 le bhckf175

FRY9C 20150331 99991231 No Change HC-N Validity 0236 HC-N12a1bC BHDMK050 HC-N12a1bC must be less than or equal to HC-N1a2C. bhdmk050 le bhckf177

FRY9C 20150331 99991231 No Change HC-N Validity 0237 HC-N12a2A BHDMK051 HC-N12a2A must be less than or equal to HC-N1bA. bhdmk051 le bhck3493

FRY9C 20150331 99991231 No Change HC-N Validity 0238 HC-N12a2B BHDMK052 HC-N12a2B must be less than or equal to HC-N1bB. bhdmk052 le bhck3494

FRY9C 20150331 99991231 No Change HC-N Validity 0239 HC-N12a2C BHDMK053 HC-N12a2C must be less than or equal to HC-N1bC. bhdmk053 le bhck3495

FRY9C 20150331 99991231 No Change HC-N Validity 0240 HC-N12a3aA BHDMK054 HC-N12a3aA must be less than or equal to HC-N1c1A. bhdmk054 le bhck5398

FRY9C 20150331 99991231 No Change HC-N Validity 0241 HC-N12a3aB BHDMK055 HC-N12a3aB must be less than or equal to HC-N1c1B. bhdmk055 le bhck5399

FRY9C 20150331 99991231 No Change HC-N Validity 0242 HC-N12a3aC BHDMK056 HC-N12a3aC must be less than or equal to HC-N1c1C. bhdmk056 le bhck5400

FRY9C 20150331 99991231 No Change HC-N Validity 0243 HC-N12a3b1A BHDMK057 HC-N12a3b1A must be less than or equal to HC-N1c2aA. bhdmk057 le bhckc236

FRY9C 20150331 99991231 No Change HC-N Validity 0244 HC-N12a3b1B BHDMK058 HC-N12a3b1B must be less than or equal to HC-N1c2aB. bhdmk058 le bhckc237

FRY9C 20150331 99991231 No Change HC-N Validity 0245 HC-N12a3b1C BHDMK059 HC-N12a3b1C must be less than or equal to HC-N1c2aC. bhdmk059 le bhckc229

FRY9C 20150331 99991231 No Change HC-N Validity 0246 HC-N12a3b2A BHDMK060 HC-N12a3b2A must be less than or equal to HC-N1c2bA. bhdmk060 le bhckc238

FRY9C 20150331 99991231 No Change HC-N Validity 0247 HC-N12a3b2B BHDMK061 HC-N12a3b2B must be less than or equal to HC-N1c2bB. bhdmk061 le bhckc239

FRY9C 20150331 99991231 No Change HC-N Validity 0248 HC-N12a3b2C BHDMK062 HC-N12a3b2C must be less than or equal to HC-N1c2bC. bhdmk062 le bhckc230

FRY9C 20150331 99991231 No Change HC-N Validity 0249 HC-N12a4A BHDMK063 HC-N12a4A must be less than or equal to HC-N1dA. bhdmk063 le bhck3499

FRY9C 20150331 99991231 No Change HC-N Validity 0250 HC-N12a4B BHDMK064 HC-N12a4B must be less than or equal to HC-N1dB. bhdmk064 le bhck3500

FRY9C 20150331 99991231 No Change HC-N Validity 0251 HC-N12a4C BHDMK065 HC-N12a4C must be less than or equal to HC-N1dC. bhdmk065 le bhck3501

FRY9C 20150331 99991231 No Change HC-N Validity 0252 HC-N12a5aA BHDMK066 HC-N12a5aA must be less than or equal to HC-N1e1A. bhdmk066 le bhckf178

FRY9C 20150331 99991231 No Change HC-N Validity 0253 HC-N12a5aB BHDMK067 HC-N12a5aB must be less than or equal to HC-N1e1B. bhdmk067 le bhckf180

FRY9C 20150331 99991231 No Change HC-N Validity 0254 HC-N12a5aC BHDMK068 HC-N12a5aC must be less than or equal to HC-N1e1C. bhdmk068 le bhckf182

FRY9C 20150331 99991231 No Change HC-N Validity 0255 HC-N12a5bA BHDMK069 HC-N12a5bA must be less than or equal to HC-N1e2A. bhdmk069 le bhckf179

June 2021 FR Y-9C: CHK-9 of 24
Validity (V) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Each edit in the checklist must balance, rounding errors are not allowed

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC-N Validity 0256 HC-N12a5bB BHDMK070 HC-N12a5bB must be less than or equal to HC-N1e2B. bhdmk070 le bhckf181

FRY9C 20150331 99991231 No Change HC-N Validity 0257 HC-N12a5bC BHDMK071 HC-N12a5bC must be less than or equal to HC-N1e2C. bhdmk071 le bhckf183

FRY9C 20191231 99991231 No Change HC-N Validity 0273 HC-N12eA BHCKK087 HC-N12eA must be less than or equal to the sum of HC-N1fA 

through HC-N8cA.

bhckk087 le (bhckb572 + bhck5377 + bhck5380 + bhck1594 + 

bhck1606 + bhckb575 + bhckk213 + bhckk216 + bhck5389 + 

bhck5459 + bhckf166 + bhckf169 + bhckkx63)

FRY9C 20180331 99991231 No Change HC-N Validity 0274 HC-N12eB BHCKK088 HC-N12eB must be less than or equal to the sum of HC-N1fB 

through HC-N8bB.

bhckk088 le (bhckb573 + bhck5378 + bhck5381 + bhck1597 + 

bhck1607 + bhckb576 + bhckk214 + 

bhckk217 + bhck5390 + bhck5460 + bhckf167 + bhckf170)

FRY9C 20180331 99991231 No Change HC-N Validity 0275 HC-N12eC BHCKK089 HC-N12eC must be less than or equal to the sum of HC-N1fC 

through HC-N8bC.

bhckk089 le (bhckb574 + bhck5379 + bhck5382 + bhck1583 + 

bhck1608 + bhckb577 + bhckk215 + 

bhckk218 + bhck5391 + bhck5461 + bhckf168 + bhckf171)

FRY9C 20180331 99991231 No Change HC-N Validity 0276 HC-N12fA BHCKK102 HC-N12fA must be less than or equal to the sum of HCN12a1aA through HC-N12eA.bhckk102 le (bhdmk045 + bhdmk048 + bhdmk051 + bhdmk054 + 

bhdmk057 + bhdmk060 + bhdmk063 + bhdmk066 + bhdmk069 + 

bhckk087)

FRY9C 20180331 99991231 No Change HC-N Validity 0277 HC-N12fB BHCKK103 HC-N12fB must be less than or equal to the sum of HCN12a1aB through HC-N12eB.bhckk103 le (bhdmk046 + bhdmk049 + bhdmk052 + bhdmk055 + 

bhdmk058 + bhdmk061 + bhdmk064 + bhdmk067 + bhdmk070 + 

bhckk088)

FRY9C 20180331 99991231 No Change HC-N Validity 0278 HC-N12fC BHCKK104 HC-N12fC must be less than or equal to the sum of HCN12a1aC through HC-N12eC.bhckk104 le (bhdmk047 + bhdmk050 + bhdmk053 + bhdmk056 + 

bhdmk059 + bhdmk062 + bhdmk065 + bhdmk068 + bhdmk071 + 

bhckk089)

FRY9C 20150331 99991231 No Change HC-N Validity 0279 HC-NM1a1A BHDMK105 HC-NM1a1A must be less than or equal to HC-N1a1A. bhdmk105 le bhckf172

FRY9C 20150331 99991231 No Change HC-N Validity 0280 HC-NM1a1B BHDMK106 HC-NM1a1B must be less than or equal to HC-N1a1B. bhdmk106 le bhckf174

FRY9C 20150331 99991231 No Change HC-N Validity 0281 HC-NM1a1C BHDMK107 HC-NM1a1C must be less than or equal to HC-N1a1C. bhdmk107 le bhckf176

FRY9C 20150331 99991231 No Change HC-N Validity 0282 HC-NM1a2A BHDMK108 HC-NM1a2A must be less than or equal to HC-N1a2A. bhdmk108 le bhckf173

FRY9C 20150331 99991231 No Change HC-N Validity 0283 HC-NM1a2B BHDMK109 HC-NM1a2B must be less than or equal to HC-N1a2B. bhdmk109 le bhckf175

FRY9C 20150331 99991231 No Change HC-N Validity 0284 HC-NM1a2C BHDMK110 HC-NM1a2C must be less than or equal to HC-N1a2C. bhdmk110 le bhckf177

FRY9C 20150331 99991231 No Change HC-N Validity 0285 HC-NM1bA BHCKF661 HC-NM1bA must be less than or equal to the sum of HCN1c1A, HC-N1c2aA, and HC-N1c2bA.bhckf661 le (bhck5398 + bhckc236 + bhckc238)

FRY9C 20150331 99991231 No Change HC-N Validity 0286 HC-NM1bB BHCKF662 HC-NM1bB must be less than or equal to the sum of HCN1c1B, HC-N1c2aB, and HC-N1c2bB.bhckf662 le (bhck5399 + bhckc237 + bhckc239)

FRY9C 20150331 99991231 No Change HC-N Validity 0287 HC-NM1bC BHCKF663 HC-NM1bC must be less than or equal to the sum of HCN1c1C, HC-N1c2aC, and HC-N1c2bC.bhckf663 le (bhck5400 + bhckc229 + bhckc230)

FRY9C 20150331 99991231 No Change HC-N Validity 0288 HC-NM1cA BHDMK111 HC-NM1cA must be less than or equal to HC-N1dA. bhdmk111 le bhck3499

FRY9C 20150331 99991231 No Change HC-N Validity 0289 HC-NM1cB BHDMK112 HC-NM1cB must be less than or equal to HC-N1dB. bhdmk112 le bhck3500

FRY9C 20150331 99991231 No Change HC-N Validity 0290 HC-NM1cC BHDMK113 HC-NM1cC must be less than or equal to HC-N1dC. bhdmk113 le bhck3501

FRY9C 20150331 99991231 No Change HC-N Validity 0291 HC-NM1d1A BHDMK114 HC-NM1d1A must be less than or equal to HC-N1e1A. bhdmk114 le bhckf178

FRY9C 20150331 99991231 No Change HC-N Validity 0292 HC-NM1d1B BHDMK115 HC-NM1d1B must be less than or equal to HC-N1e1B. bhdmk115 le bhckf180

FRY9C 20150331 99991231 No Change HC-N Validity 0293 HC-NM1d1C BHDMK116 HC-NM1d1C must be less than or equal to HC-N1e1C. bhdmk116 le bhckf182

FRY9C 20150331 99991231 No Change HC-N Validity 0294 HC-NM1d2A BHDMK117 HC-NM1d2A must be less than or equal to HC-N1e2A. bhdmk117 le bhckf179

FRY9C 20150331 99991231 No Change HC-N Validity 0295 HC-NM1d2B BHDMK118 HC-NM1d2B must be less than or equal to HC-N1e2B. bhdmk118 le bhckf181

FRY9C 20150331 99991231 No Change HC-N Validity 0296 HC-NM1d2C BHDMK119 HC-NM1d2C must be less than or equal to HC-N1e2C. bhdmk119 le bhckf183

FRY9C 20191231 99991231 No Change HC-N Validity 0297 HC-NM1e2A BHCKK123 Sum of HC-NM1e1A through HC-NM1e3A must be less than 

or equal to HC-N4A.

(bhckk120 + bhckk123 + bhckkx66) le bhck1606

FRY9C 20201231 99991231 No Change HC-N Validity 0298 HC-NM1e2B BHCKK124 Sum of HC-NM1e1B through HC-NM1e3B must be less than 

or equal to HC-N4B.

(bhckk121 + bhckk124 + bhckkx67) le bhck1607

FRY9C 20191231 99991231 No Change HC-N Validity 0299 HC-NM1e2C BHCKK125 Sum of HC-NM1e1C through HC-NM1e3C must be less than 

or equal to HC-N4C.

(bhckk122 + bhckk125 + bhckkx68) le bhck1608

FRY9C 20150331 99991231 No Change HC-N Validity 0300 HC-NM1fA BHCKK126 HC-NM1fA must be less than or equal to the sum of HCN1bA, HC-N1fA, HC-N2aA, HC-N2bA, HC-N3A, HC-N5aA, HCN5bA, HC-N5cA, HC-N6A, and HC-N7A.bhckk126 le (bhck3493 + bhckb572 + bhck5377 + bhck5380 + 

bhck1594 + bhckb575 + bhckk213 + bhckk216 + bhck5389 + 

bhck5459)

June 2021 FR Y-9C: CHK-10 of 24
Validity (V) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Each edit in the checklist must balance, rounding errors are not allowed

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC-N Validity 0301 HC-NM1fB BHCKK127 HC-NM1fB must be less than or equal to the sum of HCN1bB, HC-N1fB, HC-N2aB, HC-N2bB, HC-N3B, HC-N5aB, HCN5bB, HC-N5cB, HC-N6B, HC-N7B.bhckk127 le (bhck3494 + bhckb573 + bhck5378 + bhck5381 + 

bhck1597 + bhckb576 + bhckk214 + bhckk217 + bhck5390 + 

bhck5460)

FRY9C 20150331 99991231 No Change HC-N Validity 0302 HC-NM1fC BHCKK128 HC-NM1fC must be less than or equal to the sum of HCN1bC, HC-N1fC, HC-N2aC, HC-N2bC, HC-N3C, HC-N5aC, HCN5bC, HC-N5cC, HC-N6C, HC-N7C.bhckk128 le (bhck3495 + bhckb574 + bhck5379 + bhck5382 + 

bhck1583 + bhckb577 + bhckk215 + bhckk218 + bhck5391 + 

bhck5461)

FRY9C 20150331 99991231 No Change HC-N Validity 0388 HC-NM1f1A BHDMK130 HC-NM1f1A must be less than or equal to HC-N1bA. bhdmk130 le bhck3493 

FRY9C 20150331 99991231 No Change HC-N Validity 0389 HC-NM1f1B BHDMK131 HC-NM1f1B must be less than or equal to HC-N1bB. bhdmk131 le bhck3494

FRY9C 20150331 99991231 No Change HC-N Validity 0390 HC-NM1f1C BHDMK132 HC-NM1f1C must be less than or equal to HC-N1bC. bhdmk132 le bhck3495

FRY9C 20160930 99991231 No Change HC-N Validity 0394 HC-NM1f2A BHCKK138 HC-NM1f2A must be less than or equal to HC-N3A. bhckk138 le bhck1594

FRY9C 20160930 99991231 No Change HC-N Validity 0395 HC-NM1f2B BHCKK139 HC-NM1f2B must be less than or equal to HC-N3B. bhckk139 le bhck1597 

FRY9C 20160930 99991231 No Change HC-N Validity 0396 HC-NM1f2C BHCKK140 HC-NM1f2C must be less than or equal to HC-N3C. bhckk140 le bhck1583

FRY9C 20160930 99991231 No Change HC-N Validity 0397 HC-NM1f3aA BHCKK274 HC-NM1f3aA must be less than or equal to HC-N5aA. bhckk274 le bhckb575

FRY9C 20160930 99991231 No Change HC-N Validity 0398 HC-NM1f3aB BHCKK275 HC-NM1f3aB must be less than or equal to HC-N5aB. bhckk275 le bhckb576

FRY9C 20160930 99991231 No Change HC-N Validity 0399 HC-NM1f3aC BHCKK276 HC-NM1f3aC must be less than or equal to HC-N5aC. bhckk276 le bhckb577

FRY9C 20160930 99991231 No Change HC-N Validity 0400 HC-NM1f3bA BHCKK277 HC-NM1f3bA must be less than or equal to HC-N5bA. bhckk277 le bhckk213

FRY9C 20160930 99991231 No Change HC-N Validity 0401 HC-NM1f3bB BHCKK278 HC-NM1f3bB must be less than or equal to HC-N5bB. bhckk278 le bhckk214

FRY9C 20160930 99991231 No Change HC-N Validity 0402 HC-NM1f3bC BHCKK279 HC-NM1f3bC must be less than or equal to HC-N5bC. bhckk279 le bhckk215

FRY9C 20160930 99991231 No Change HC-N Validity 0403 HC-NM1f3cA BHCKK280 HC-NM1f3cA must be less than or equal to HC-N5cA. bhckk280 le bhckk216

FRY9C 20160930 99991231 No Change HC-N Validity 0404 HC-NM1f3cB BHCKK281 HC-NM1f3cB must be less than or equal to HC-N5cB. bhckk281 le bhckk217

FRY9C 20160930 99991231 No Change HC-N Validity 0405 HC-NM1f3cC BHCKK282 HC-NM1f3cC must be less than or equal to HC-N5cC. bhckk282 le bhckk218

FRY9C 20160930 99991231 No Change HC-N Validity 0385 HC-NM1f3cA BHCKK280 Sum of HC-NM1f1A through HC-NM1f3cA must be less than 

or equal to HC-NM1fA.

(bhdmk130 + bhckk138 + bhckk274 + bhckk277 + bhckk280) le 

bhckk126

FRY9C 20160930 99991231 No Change HC-N Validity 0386 HC-NM1f3cB BHCKK281 Sum of HC-NM1f1B through HC-NM1f3cB must be less than 

or equal to HC-NM1fB.

(bhdmk131 + bhckk139 + bhckk275 + bhckk278 + bhckk281) le 

bhckk127

FRY9C 20160930 99991231 No Change HC-N Validity 0387 HC-NM1f3cC BHCKK282 Sum of HC-NM1f1C through HC-NM1f3cC must be less than 

or equal to HC-NM1fC.

(bhdmk132 + bhckk140 + bhckk276 + bhckk279 + bhckk282) le 

bhckk128

FRY9C 20190331 99991231 No Change HC-N Validity 1031 HC-NM1gA BHCKHK26 HC-NM1gA must be less than or equal to the sum of HCN1a1A through HC-N7A.bhckhk26 le (bhckf172 + bhckf173 + bhck3493 + bhck5398 + 

bhckc236 + bhckc238 + bhck3499 + bhckf178 + bhckf179 + 

bhckb572 + bhck5377 + bhck5380 + bhck1594 + bhck1606 + 

bhckb575 + bhckk213 + bhckk216 + bhck5389 + bhck5459)

FRY9C 20190331 99991231 No Change HC-N Validity 1033 HC-NM1gB BHCKHK27 HC-NM1gB must be less than or equal to the sum of HCN1a1B through HC-N7B.bhckhk27 le (bhckf174 + bhckf175 + bhck3494 + bhck5399 + 

bhckc237 + bhckc239 + bhck3500 + bhckf180 + bhckf181 + 

bhckb573 + bhck5378 + bhck5381 + bhck1597 + bhck1607 + 

bhckb576 + bhckk214 + bhckk217 + bhck5390 + bhck5460)

FRY9C 20190331 99991231 No Change HC-N Validity 1035 HC-NM1gC BHCKHK28 HC-NM1gC must be less than or equal to the sum of HCN1a1C through HC-N7C.bhckhk28 le (bhckf176 + bhckf177 + bhck3495 + bhck5400 + 

bhckc229 + bhckc230 + bhck3501 + bhckf182 + bhckf183 + 

bhckb574 + bhck5379 + bhck5382 + bhck1583 + bhck1608 + 

bhckb577 + bhckk215 + bhckk218 + bhck5391 + bhck5461)

FRY9C 20150331 99991231 No Change HC-N Validity 3400 HC-NM2A BHCK6558 HC-NM2A must be less than or equal to the sum of HC-N4A 

and HC-N7A.

bhck6558 le (bhck1606 + bhck5459)

FRY9C 20150331 99991231 No Change HC-N Validity 3410 HC-NM2B BHCK6559 HC-NM2B must be less than or equal to the sum of HC-N4B 

and HC-N7B.

bhck6559 le (bhck1607 + bhck5460)

FRY9C 20150331 99991231 No Change HC-N Validity 3420 HC-NM2C BHCK6560 HC-NM2C must be less than or equal to the sum of HC-N4C 

and HC-N7C.

bhck6560 le (bhck1608 + bhck5461)

FRY9C 20150331 99991231 No Change HC-N Validity 3430 HC-NM2C BHCK6560 Sum of HC-NM2A through HC-NM2C must be less than or 

equal to HC-CM2.

(bhck6558 + bhck6559 + bhck6560) le bhck2746

June 2021 FR Y-9C: CHK-11 of 24
Validity (V) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Each edit in the checklist must balance, rounding errors are not allowed

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20191231 99991231 No Change HC-N Validity 3445 HC-NM3A BHCK3508 HC-NM3A must be less than or equal to the sum of HCN1a1A through HC-N1fA, HC-N2bA, and HC-N4A through HCN8cA.bhck3508 le (bhckf172 + bhckf173 + bhck3493 + bhck5398 + 

bhckc236 + bhckc238 + bhck3499 + bhckf178 + bhckf179 + 

bhckb572 + bhck5380 + bhck1606 + bhckb575 + bhckk213 + 

bhckk216 + bhck5389 + bhck5459 + bhckf166 + bhckf169 + 

bhckkx63)

FRY9C 20191231 99991231 No Change HC-N Validity 3455 HC-NM3B BHCK1912 HC-NM3B must be less than or equal to the sum of HCN1a1B through HC-N1fB, HC-N2bB, and HC-N4B through HCN8cB.bhck1912 le (bhckf174 + bhckf175 + bhck3494 + bhck5399 + 

bhckc237 + bhckc239 + bhck3500 + bhckf180 + bhckf181 + 

bhckb573 + bhck5381 + bhck1607 + bhckb576 + bhckk214 + 

bhckk217 + bhck5390 + bhck5460 + bhckf167 + bhckf170 + 

bhckkx64)

FRY9C 20191231 99991231 No Change HC-N Validity 3460 HC-NM3C BHCK1913 HC-NM3C must be less than or equal to the sum of HCN1a1C through HC-N1fC, HC-N2bC, and HC-N4C through HCN8cC.bhck1913 le (bhckf176 + bhckf177 + bhck3495 + bhck5400 + 

bhckc229 + bhckc230 + bhck3501 + bhckf182 + bhckf183 + 

bhckb574 + bhck5382 + bhck1608 + bhckb577 + bhckk215 + 

bhckk218 + bhck5391 + bhck5461 + bhckf168 + bhckf171 + 

bhckkx65)

FRY9C 20191231 99991231 No Change HC-N Validity 3465 HC-NM5A BHCKC240 HC-NM5A must be less than or equal to the sum of HCN1a1A through HC-N8cA.bhckc240 le (bhckf172 + bhckf173 + bhck3493 + bhck5398 + 

bhckc236 + bhckc238 + bhck3499 + bhckf178 + bhckf179 + 

bhckb572 + bhck5377 + bhck5380 + bhck1594 + bhck1606 + 

bhckb575 + bhckk213 + bhckk216 + bhck5389 + bhck5459 + 

bhckf166 + bhckf169 + bhckkx63)

FRY9C 20191231 99991231 No Change HC-N Validity 3470 HC-NM5B BHCKC241 HC-NM5B must be less than or equal to the sum of HCN1a1B through HC-N8cB.bhckc241 le (bhckf174 + bhckf175 + bhck3494 + bhck5399 + 

bhckc237 + bhckc239 + bhck3500 + bhckf180 + bhckf181 + 

bhckb573 + bhck5378 + bhck5381 + bhck1597 + bhck1607 + 

bhckb576 + bhckk214 + bhckk217 + bhck5390 + bhck5460 + 

bhckf167 + bhckf170 + bhckkx64)

FRY9C 20191231 99991231 No Change HC-N Validity 3475 HC-NM5C BHCKC226 HC-NM5C must be less than or equal to the sum of HCN1a1C through HC-N8cC.bhckc226 le (bhckf176 + bhckf177 + bhck3495 + bhck5400 + 

bhckc229 + bhckc230 + bhck3501 + bhckf182 + bhckf183 + 

bhckb574 + bhck5379 + bhck5382 + bhck1583 + bhck1608 + 

bhckb577 + bhckk215 + bhckk218 + bhck5391 + bhck5461 + 

bhckf168 + bhckf171 + bhckkx65)

FRY9C 20180331 99991231 No Change HC-Q Validity 0142 HC-Q1A BHCYJA36 Sum of HC-Q1C, HC-Q1D, and HC-Q1E less HC-Q1B must be 

equal to HC-Q1A.

((bhckg475 + bhckg476 + bhckg477) - bhckg474) eq bhcyja36

FRY9C 20210331 99991231 No Change HC-Q Validity 0219 HC-Q1A BHCYJA36 If HC-Q1A is not null, then HC-Q1A must equal the sum of HC2b and HC-2c.if bhcyja36 ne null then bhcyja36 eq bhck1773 + bhckja22

FRY9C 20160930 99991231 No Change HC-Q Validity 0143 HC-Q2A BHCKG478 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of 

HC-Q2C, HC-Q2D, and HC-Q2E less HC-Q2B must be equal to 

HC-Q2A.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, ((bhckg480 + 

bhckg481 + bhckg482) - bhckg479) eq bhckg478

FRY9C 20150331 99991231 No Change HC-Q Validity 0182 HC-Q3A BHCKG483 Sum of HC-Q3C, HC-Q3D, and HC-Q3E less HC-Q3B must be 

equal to HC-Q3A.

((bhckg485 + bhckg486 + bhckg487) - bhckg484) eq bhckg483

FRY9C 20150331 99991231 No Change HC-Q Validity 0183 HC-Q4A BHCKG488 Sum of HC-Q4C, HC-Q4D, and HC-Q4E less HC-Q4B must be 

equal to HC-Q4A.

((bhckg490 + bhckg491 + bhckg492) - bhckg489) eq bhckg488

FRY9C 20150331 99991231 No Change HC-Q Validity 0147 HC-Q5aA BHCT3543 Sum of HC-Q5aC, HC-Q5aD, and HC-Q5aE less HC-Q5aB must 

be equal to HC-Q5aA.

((bhckg494 + bhckg495 + bhckg496) - bhckg493) eq bhct3543

FRY9C 20150331 99991231 No Change HC-Q Validity 0215 HC-Q5aA BHCT3543 If HC-D12A is not null, then HC-Q5aA must equal HC-D11A. if bhct3545 ne null then bhct3543 eq bhcm3543

FRY9C 20150331 99991231 No Change HC-Q Validity 0184 HC-Q5bA BHCKG497 Sum of HC-Q5bC, HC-Q5bD, and HC-Q5bE less HC-Q5bB 

must be equal to HC-Q5bA.

((bhckg499 + bhckg500 + bhckg501) - bhckg498) eq bhckg497

FRY9C 20150331 99991231 No Change HC-Q Validity 0144 HC-Q5b1A BHCKF240 Sum of HC-Q5b1C, HC-Q5b1D, and HC-Q5b1E less HC-Q5b1B 

must be equal to HC-Q5b1A.

((bhckf692 + bhckf241 + bhckf242) - bhckf684) eq bhckf240

FRY9C 20150331 99991231 No Change HC-Q Validity 0145 HC-Q6A BHCKG391 Sum of HC-Q6C, HC-Q6D, and HC-Q6E less HC-Q6B must be 

equal to HC-Q6A.

((bhckg395 + bhckg396 + bhckg804) - bhckg392) eq bhckg391

FRY9C 20150331 99991231 No Change HC-Q Validity 0185 HC-Q7A BHCKG502 Sum of HC-Q7C, HC-Q7D, and HC-Q7E less HC-Q7B must be 

equal to HC-Q7A.

((bhckg504 + bhckg505 + bhckg506) - bhckg503) eq bhckg502

June 2021 FR Y-9C: CHK-12 of 24
Validity (V) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Each edit in the checklist must balance, rounding errors are not allowed

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20180331 99991231 No Change HC-Q Validity 0203 HC-Q7A BHCKG502 Sum of HC-Q1A, HC-Q2A, HC-Q3A, HC-Q4A, HC-Q5aA, HCQ5bA and HC-Q6A must equal HC-Q7A.(bhcyja36 + bhckg478 + bhckg483 + bhckg488 + bhct3543 + 

bhckg497 + bhckg391) eq bhckg502

FRY9C 20150331 99991231 No Change HC-Q Validity 0204 HC-Q7B BHCKG503 Sum of HC-Q1B, HC-Q2B, HC-Q3B, HC-Q4B, HC-Q5aB, HCQ5bB and HC-Q6B must equal HC-Q7B.(bhckg474 + bhckg479 + bhckg484 + bhckg489 + bhckg493 + 

bhckg498 + bhckg392) eq bhckg503

FRY9C 20150331 99991231 No Change HC-Q Validity 0205 HC-Q7C BHCKG504 Sum of HC-Q1C, HC-Q2C, HC-Q3C, HC-Q4C, HC-Q5aC, HCQ5bC and HC-Q6C must equal HC-Q7C.(bhckg475 + bhckg480 + bhckg485 + bhckg490 + bhckg494 + 

bhckg499 + bhckg395) eq bhckg504

FRY9C 20160930 99991231 No Change HC-Q Validity 0206 HC-Q7D BHCKG505 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of 

HC-Q1D, HC-Q2D, HC-Q3D, HC-Q4D, HC-Q5aD, HC-Q5bD and 

HC-Q6D must equal HC-Q7D.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, (bhckg476 + 

bhckg481 + bhckg486 + bhckg491 + bhckg495 + bhckg500 + 

bhckg396) eq bhckg505

FRY9C 20160930 99991231 No Change HC-Q Validity 0207 HC-Q7E BHCKG506 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of 

HC-Q1E, HC-Q2E, HC-Q3E, HC-Q4E, HC-Q5aE, HC-Q5bE and 

HC-Q6E must equal HC-Q7E.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, (bhckg477 + 

bhckg482 + bhckg487 + bhckg492 + bhckg496 + bhckg501 + 

bhckg804) eq bhckg506

FRY9C 20160930 99991231 No Change HC-Q Validity 0146 HC-Q8A BHCKF252 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of 

HC-Q8C, HC-Q8D, and HC-Q8E less HC-Q8B must be equal to 

HC-Q8A.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, ((bhckf694 + 

bhckf253 + bhckf254) - bhckf686) eq bhckf252

FRY9C 20160930 99991231 No Change HC-Q Validity 0186 HC-Q9A BHCKG507 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of 

HC-Q9C, HC-Q9D, and HC-Q9E less HC-Q9B must be equal to 

HC-Q9A.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, ((bhckg509 + 

bhckg510 + bhckg511) - bhckg508) eq bhckg507

FRY9C 20150331 99991231 No Change HC-Q Validity 0187 HC-Q10aA BHCT3547 Sum of HC-Q10aC, HC-Q10aD, and HC-Q10aE less HC-Q10aB 

must be equal to HC-Q10aA.

((bhckg513 + bhckg514 + bhckg515) - bhckg512) eq bhct3547

FRY9C 20150331 99991231 No Change HC-Q Validity 0216 HC-Q10aA BHCT3547 If HC-D15A is not null, then HC-Q10aA must equal HC-D14A. if bhct3548 ne null then bhct3547 eq bhck3547

FRY9C 20150331 99991231 No Change HC-Q Validity 0188 HC-Q10bA BHCKG516 Sum of HC-Q10bC, HC-Q10bD, and HC-Q10bE less HC-Q10bB 

must be equal to HC-Q10bA.

((bhckg518 + bhckg519 + bhckg520) - bhckg517) eq bhckg516

FRY9C 20150331 99991231 No Change HC-Q Validity 0189 HC-Q11A BHCKG521 Sum of HC-Q11C, HC-Q11D, and HC-Q11E less HC-Q11B must 

be equal to HC-Q11A.

((bhckg523 + bhckg524 + bhckg525) - bhckg522) eq bhckg521

FRY9C 20150331 99991231 No Change HC-Q Validity 0190 HC-Q12A BHCKG526 Sum of HC-Q12C, HC-Q12D, and HC-Q12E less HC-Q12B must 

be equal to HC-Q12A.

((bhckg528 + bhckg529 + bhckg530) - bhckg527) eq bhckg526

FRY9C 20150331 99991231 No Change HC-Q Validity 0148 HC-Q13A BHCKG805 Sum of HC-Q13C, HC-Q13D, and HC-Q13E less HC-Q13B must 

be equal to HC-Q13A.

((bhckg807 + bhckg808 + bhckg809) - bhckg806) eq bhckg805

FRY9C 20150331 99991231 No Change HC-Q Validity 0191 HC-Q14A BHCKG531 Sum of HC-Q14C, HC-Q14D, and HC-Q14E less HC-Q14B must 

be equal to HC-Q14A.

((bhckg533 + bhckg534 + bhckg535) - bhckg532) eq bhckg531

FRY9C 20150331 99991231 No Change HC-Q Validity 0208 HC-Q14A BHCKG531 Sum of HC-Q8A, HC-Q9A, HC-Q10aA, HC-Q10bA, HC-Q11A, 

HC-Q12A and HC-Q13A must equal HC-Q14A.

(bhckf252 + bhckg507 + bhct3547 + bhckg516 + bhckg521 + 

bhckg526 + bhckg805) eq bhckg531

FRY9C 20160930 99991231 No Change HC-Q Validity 0209 HC-Q14B BHCKG532 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of 

HC-Q8B, HC-Q9B, HC-Q10aB, HC-Q10bB, HC-Q11B, HC-Q12B 

and HC-Q13B must equal HC-Q14B.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, (bhckf686 + 

bhckg508 + bhckg512 + bhckg517 + bhckg522 + bhckg527 + 

bhckg806) eq bhckg532

FRY9C 20160930 99991231 No Change HC-Q Validity 0210 HC-Q14C BHCKG533 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of 

HC-Q8C, HC-Q9C, HC-Q10aC, HC-Q10bC, HC-Q11C, HC-Q12C 

and HC-Q13C must equal HC-Q14C.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, (bhckf694 + 

bhckg509 + bhckg513 + bhckg518 + bhckg523 + bhckg528 + 

bhckg807) eq bhckg533

FRY9C 20160930 99991231 No Change HC-Q Validity 0211 HC-Q14D BHCKG534 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of 

HC-Q8D, HC-Q9D, HC-Q10aD, HC-Q10bD, HC-Q11D, HCQ12D and HC-Q13D must equal HC-Q14D.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, (bhckf253 + 

bhckg510 + bhckg514 + bhckg519 + bhckg524 + bhckg529 + 

bhckg808) eq bhckg534

FRY9C 20160930 99991231 No Change HC-Q Validity 0212 HC-Q14E BHCKG535 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of 

HC-Q8E, HC-Q9E, HC-Q10aE, HC-Q10bE, HC-Q11E, HC-Q12E 

and HC-Q13E must equal HC-Q14E.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, (bhckf254 + 

bhckg511 + bhckg515 + bhckg520 + bhckg525 + bhckg530 + 

bhckg809) eq bhckg535

FRY9C 20150331 99991231 No Change HC-Q Validity 0192 HC-QM1aA BHCKG536 Sum of HC-QM1aC, HC-QM1aD, and HC-QM1aE less HCQM1aB must be equal to HC-QM1aA.((bhckg538 + bhckg539 + bhckg540) - bhckg537) eq bhckg536

FRY9C 20150331 99991231 No Change HC-Q Validity 0193 HC-QM1bA BHCKG541 Sum of HC-QM1bC, HC-QM1bD, and HC-QM1bE less HCQM1bB must be equal to HC-QM1bA.((bhckg543 + bhckg544 + bhckg545) - bhckg542) eq bhckg541

FRY9C 20150331 99991231 No Change HC-Q Validity 0194 HC-QM1cA BHCKG546 Sum of HC-QM1cC, HC-QM1cD, and HC-QM1cE less HCQM1cB must be equal to HC-QM1cA.((bhckg548 + bhckg549 + bhckg550) - bhckg547) eq bhckg546

June 2021 FR Y-9C: CHK-13 of 24
Validity (V) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Each edit in the checklist must balance, rounding errors are not allowed

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC-Q Validity 0195 HC-QM1dA BHCKG551 Sum of HC-QM1dC, HC-QM1dD, and HC-QM1dE less HCQM1dB must be equal to HC-QM1dA.((bhckg553 + bhckg554 + bhckg555) - bhckg552) eq bhckg551

FRY9C 20150331 99991231 No Change HC-Q Validity 0196 HC-QM1eA BHCKG556 Sum of HC-QM1eC, HC-QM1eD, and HC-QM1eE less HCQM1eB must be equal to HC-QM1eA.((bhckg558 + bhckg559 + bhckg560) - bhckg557) eq bhckg556

FRY9C 20150331 99991231 No Change HC-Q Validity 0197 HC-QM1fA BHCKG561 Sum of HC-QM1fC, HC-QM1fD, and HC-QM1fE less HCQM1fB must be equal to HC-QM1fA.((bhckg563 + bhckg564 + bhckg565) - bhckg562) eq bhckg561

FRY9C 20150331 99991231 No Change HC-Q Validity 0149 HC-QM2aA BHCKF261 Sum of HC-QM2aC, HC-QM2aD, and HC-QM2aE less HCQM2aB must be equal to HC-QM2aA.((bhckf697 + bhckf262 + bhckf263) - bhckf689) eq bhckf261

FRY9C 20150331 99991231 No Change HC-Q Validity 0198 HC-QM2bA BHCKG566 Sum of HC-QM2bC, HC-QM2bD, and HC-QM2bE less HCQM2bB must be equal to HC-QM2bA.((bhckg568 + bhckg569 + bhckg570) - bhckg567) eq bhckg566

FRY9C 20150331 99991231 No Change HC-Q Validity 0199 HC-QM2cA BHCKG571 Sum of HC-QM2cC, HC-QM2cD, and HC-QM2cE less HCQM2cB must be equal to HC-QM2cA.((bhckg573 + bhckg574 + bhckg575) - bhckg572) eq bhckg571

FRY9C 20150331 99991231 No Change HC-Q Validity 0200 HC-QM2dA BHCKG576 Sum of HC-QM2dC, HC-QM2dD, and HC-QM2dE less HCQM2dB must be equal to HC-QM2dA.((bhckg578 + bhckg579 + bhckg580) - bhckg577) eq bhckg576

FRY9C 20150331 99991231 No Change HC-Q Validity 0201 HC-QM2eA BHCKG581 Sum of HC-QM2eC, HC-QM2eD, and HC-QM2eE less HCQM2eB must be equal to HC-QM2eA.((bhckg583 + bhckg584 + bhckg585) - bhckg582) eq bhckg581

FRY9C 20150331 99991231 No Change HC-Q Validity 0202 HC-QM2fA BHCKG586 Sum of HC-QM2fC, HC-QM2fD, and HC-QM2fE less HCQM2fB must be equal to HC-QM2fA.((bhckg588 + bhckg589 + bhckg590) - bhckg587) eq bhckg586

FRY9C 20200630 99991231 No Change HC-R(I) Validity 5110 HC-R(I)3a BHCAP838 For advanced approaches HCs, HC-R(I)3a must equal zero 

and must not be null.

For advanced approaches HCs only, bhcap838 eq 0 and bhcap838 

ne null

FRY9C 20160930 99991231 No Change HC-R(I) Validity 5115 HC-R(I)3a BHCAP838 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, HCR(I)3a must equal zero or 1 and must not be null.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, bhcap838 eq 0 or 

bhcap838 eq 1 and bhcap838 ne null

FRY9C 20190331 99991231 No Change HC-R(I) Validity 5120 HC-R(I)5 BHCAP840 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(I)1, HC-R(I)2, HC-R(I)3, and HC-R(I)4 must equal HCR(I)5. 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcap742 + 

bhcakw00 + bhcab530 + bhcap839) eq bhcap840

FRY9C 20201231 99991231 No Change HC-R(I) Validity 5130 HC-R(I)9e BHCAP848 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If HCR(I)3a is equal 0, then HC-R(I)9a through HC-R(I)9e must be 

null.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if bhcap838 eq 0 

then bhcap844 eq null and bhcap846 eq null and bhcap847 eq 

null and bhcap848 eq null 

FRY9C 20160930 99991231 No Change HC-R(I) Validity 5132 HC-R(I)9f BHCAP849 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If HCR(I)3a is equal 0, then HC-R(I)9f must not be null.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if bhcap838 eq 0 

then bhcap849 ne null 

FRY9C 20160930 99991231 No Change HC-R(I) Validity 5135 HC-R(I)9f BHCAP849 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If HCR(I)3a is equal 1, then HC-R(I)9f must be null.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if bhcap838 eq 1 

then bhcap849 eq null 

FRY9C 20201231 99991231 No Change HC-R(I) Validity 5150 HC-R(I)12B BHCWP852 For all advanced approaches BHCs, SHCs, IHCs, Non-Bank 

IHCs, Non-BHC IHCs and covered SLHCs as defined by the 

final capital rule, HC-R(I)5 minus the sum of HC-R(I)6 through 

HC-R(I)11B must equal HC-R(I)12B.

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, bhcap840 - (bhcap841 + bhcap842 + bhcap843 + 

bhcap844 + bhcap846 + bhcap847 + bhcap848 + bhcap849 + 

bhcaq258 + bhcap850 + bhcwp851) eq bhcwp852

FRY9C 20201231 99991231 No Change HC-R(I) Validity 5151 HC-R(I)12A BHCAP852 For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank 

IHCs, Non-BHC IHCs and covered SLHCs as defined by the 

final capital rule only, HC-R(I)5 minus the sum of HC-R(I)6 

through HC-R(I)10b must equal HC-R(I)12A.

For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, bhcap840 - (bhcap841 + bhcap842 + bhcap843 + 

bhcap844 + bhcap846 + bhcap847 + bhcap848 + bhcap849 + 

bhcaq258 + bhcap850) eq bhcap852

FRY9C 20201231 99991231 No Change HC-R(I) Validity 5160 HC-R(I)18A BHCAP858 For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank 

IHCs, Non-BHC IHCs and covered SLHCs as defined by the 

final capital rule only, sum of HC-R(I)13aA, HC-R(I)14aA, HCR(I)15aA, and HC-R(I)17A must equal HC-R(I)18A.

For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, (bhcalb58 + bhcalb59 + bhcalb60 + bhcap857) eq 

bhcap858 

June 2021 FR Y-9C: CHK-14 of 24
Validity (V) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Each edit in the checklist must balance, rounding errors are not allowed

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20200630 99991231 No Change HC-R(I) Validity 5161 HC-R(I)18B BHCWP858 For all advanced approaches BHCs, SHCs, IHCs, Non-Bank 

IHCs, Non-BHC IHCs and covered SLHCs as defined by the 

final capital rule, sum of HC-R(I)13bB, HC-R(I)14bB, HCR(I)15bB, HC-R(I)16B, and 17B must equal HC-R(I)18B.

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, (bhcwp853 + bhcwp854 + bhcwp855 + bhcwp856 + 

bhcwp857) eq bhcwp858 

FRY9C 20201231 99991231 No Change HC-R(I) Validity 5170 HC-R(I)19A BHCAP859 For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank 

IHCs, Non-BHC IHCs and covered SLHCs as defined by the 

final capital rule only, HC-R(I)12A minus HC-R(I)18A must 

equal HC-R(I)19A. 

For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, (bhcap852 - bhcap858) eq bhcap859

FRY9C 20200630 99991231 No Change HC-R(I) Validity 5171 HC-R(I)19B BHCWP859 For all advanced approaches BHCs, SHCs, IHCs, Non-Bank 

IHCs, Non-BHC IHCs and covered SLHCs as defined by the 

final capital rule only, HC-R(I)12B minus HC-R(I)18B must 

equal HC-R(I)19B. 

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, (bhcwp852 - bhcwp858) eq bhcwp859

FRY9C 20201231 99991231 No Change HC-R(I) Validity 5172 HC-R(I)19B BHCWP859 For all non-advanced approaches BHCs, SHCs, IHCs, NonBank IHCs, Non-BHC IHCs and covered SLHCs as defined by 

the final capital rule only, column B of HC-R(I) items 11-19 

should be left blank.

For all non-advanced approaches BHCs, SHCs, IHCs, Non-Bank 

IHCs, Non-BHC IHCs and covered SLHCs as defined by the final 

capital rule only, bhcwp851 eq null and bhcwp852 eq null and 

bhcwp853 eq null and bhcwp854 eq null and bhcwp855 eq null 

and bhcwp856 eq null and bhcwp857 eq null and bhcwp858 eq 

null and bhcwp859 eq null

FRY9C 20201231 99991231 No Change HC-R(I) Validity 5173 HC-R(I)19A BHCAP859 For all advanced approaches BHCs, SHCs, IHCs, Non-Bank 

IHCs, Non-BHC IHCs and covered SLHCs as defined by the 

final capital rule only, column A of HC-R(I) items 11-19 

should be left blank.

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, bhcap852 eq null and bhcalb58 eq null and bhcalb59 eq 

null and bhcalb60 eq null and bhcap857 eq null and bhcap858 eq 

null and bhcap859 eq null

FRY9C 20160930 99991231 No Change HC-R(I) Validity 5180 HC-R(I)23 BHCAP863 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(I)20 through HC-R(I)22 must equal HC-R(I)23. 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcap860 + 

bhcap861 + bhcap862) eq bhcap863

FRY9C 20160930 99991231 No Change HC-R(I) Validity 5190 HC-R(I)25 BHCAP865 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If HCR(I)23 minus HC-R(I)24 is greater than zero, then HC-R(I)25 

must equal HC-R(I)23 minus HC-R(I)24.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if (bhcap863 - 

bhcap864) gt 0 then bhcap865 eq (bhcap863 - bhcap864)

FRY9C 20160930 99991231 No Change HC-R(I) Validity 5200 HC-R(I)25 BHCAP865 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If HCR(I)23 minus HC-R(I)24 is less than or equal to zero, then HCR(I)25 must equal zero and must not be null.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If (bhcap863 - 

bhcap864) le 0 then bhcap865 eq 0 and bhcap865 ne null

FRY9C 20201231 99991231 No Change HC-R(I) Validity 5210 HC-R(I)26 BHCA8274 For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank 

IHCs, Non-BHC IHCs and covered SLHCs as defined by the 

final capital rule only, the sum of HC-R(I)19A and HC-R(I)25 

must equal HC-R(I)26.

For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, (bhcap859 + bhcap865) eq bhca8274

FRY9C 20200630 99991231 No Change HC-R(I) Validity 5209 HC-R(I)26 BHCA8274 For all advanced approaches BHCs, SHCs, IHCs, Non-Bank 

IHCs, Non-BHC IHCs and covered SLHCs as defined by the 

final capital rule only, the sum of HC-R(I)19B and HC-R(I)25 

must equal HC-R(I)26.

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, (bhcwp859 + bhcap865) eq bhca8274

FRY9C 20201231 99991231 No Change HC-R(I) Validity 5212 HC-R(I)31a BHCALE74 If HC-R(I)31a is not null, then HC-R(I)31a must be equal to 0 

or 1.

if bhcale74 is not null, then bhcale74 eq 0 or bhcale74 eq 1

FRY9C 20200630 99991231 No Change HC-R(I) Validity 5213 HC-R(I)31a BHCALE74 HC-R(I)31a must not be null. bhcale74 ne null

FRY9C 20200331 99991231 No Change HC-R(I) Validity 5214 HC-R(I)31a BHCALE74 If HC-R(I)31a is equal to 1, then HC-R(I)32A must not be null; 

else, if HC-R(I)31a is equal to 0, then HC-R(I)32A must be 

If bhcale74 eq 1, then bhca2170 ne null; else if bhcale74 eq 0, 

then bhca2170 eq null

FRY9C 20201231 99991231 No Change HC-R(I) Validity 5211 HC-R(I)32A BHCA2170 If HC-R(I)31a is equal to 0, then HC-R(I)32A through HCR(I)34dB, HC-R(I)35, and HC-R(I)36 must be null.If bhcale74 eq 0, then bhca2170 eq null and bhcakx77 eq null and 

bhcakx78 eq null and bhcakx79 eq null and bhcakx80 eq null and 

bhcakx81 eq null and bhcakx82 eq null and bhcakx83 eq null and 

bhcas540 eq null and bhcalb61 eq null.

June 2021 FR Y-9C: CHK-15 of 24
Validity (V) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Each edit in the checklist must balance, rounding errors are not allowed

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20210630 99991231 Revised HC-R(I) Validity 5208 HC-R(I)33B BHCAKX78 If HC-R(I)31a is equal to 1, then HC-R(I)33B must equal HCR(I)33A divided by HC-12 +/- 0.1%if bhcale74 eq 1, then bhcakx78 eq (bhcakx77 / bhck2170 * 100) 

+/- 0.1

FRY9C 20200331 99991231 No Change HC-R(I) Validity 5216 HC-R(I)33A BHCAKX77 If HC-R(I) 31a is equal to 1, then HC-R(I)33A must equal the 

sum of HC-5 and HC-15 and HC-R(I)33B must be less than or 

equal to 5%.

if bhcale74 eq 1, then bhcakx77 eq (bhck3545 + bhck3548) and 

bhcakx78 le 5.

FRY9C 20200331 99991231 No Change HC-R(I) Validity 5217 HC-R(I)34bA BHCAKX80 If HC-R(I) 31a is equal to 1, then HC-R(I)34bA must be equal 

to the sum of HC-L6a and HC-L6b.

if bhcale74 eq 1, then bhcakx80 eq (bhck3433 + bhck3432).

FRY9C 20200331 99991231 No Change HC-R(I) Validity 5218 HC-R(I)34dA BHCAKX82 If HC-R(I) 31a is equal to 1, then HC-R(I)34dA must be equal 

to the sum of HC-R(I)34aA through HC-R(I)34cA and HCR(I)34dB must be less than or equal to 25%.

if bhcale74 eq 1, then bhcakx82 eq (bhcakx79 + bhcakx80 + 

bhcakx81) and bhcakx83 le 25

FRY9C 20210630 99991231 Revised HC-R(I) Validity 5219 HC-R(I)34dB BHCAKX83 If HC-R(I)31a eq 1, then HC-R(I)34dB must equal HC-R(I)34dA 

divided by HC-12 +/- 0.1%

if bhcale74 eq 1, then bhcakx83 eq (bhcakx82 / bhck2170 * 100) 

+/- 0.1

FRY9C 20201231 99991231 No Change HC-R(I) Validity 5220 HC-R(I)42a BHCAP870 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(I)37 through HC-R(I)40a must equal HC-R(I)42a. 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcap866 + 

bhcap867 + bhcap868 + bhca5310) eq bhcap870

FRY9C 20201231 99991231 No Change HC-R(I) Validity 5230 HC-R(I)42b BHCWP870 For advanced approaches HCs that exit parallel run only, sum 

of HC-R(I)37 through HC-R(I)39, HC-R(I)40b must equal HCR(I)42b. 

For advanced approaches HCs that exit parallel run only 

(bhcap866 + bhcap867 + bhcap868 + bhcw5310) eq bhcwp870

FRY9C 20200331 99991231 No Change HC-R(I) Validity 5240 HC-R(I)44a BHCA5311 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If HCR(I)42a minus HC-R(I)43 is greater than zero, then HC-R(I)44a 

must equal HC-R(I)42a minus HC-R(I)43.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If (bhcaP870 - 

bhcaP872) gt 0 then bhca5311 eq (bhcaP870 - bhcaP872)

FRY9C 20200331 99991231 No Change HC-R(I) Validity 5250 HC-R(I)44a BHCA5311 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If HCR(I)42a minus HC-R(I)43 is less than or equal to zero, then HCR(I)44a must equal zero and must not be null.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If (bhcap870-

bhcap872) le 0 then bhca5311 eq 0 and bhca5311 ne null

FRY9C 20200331 99991231 No Change HC-R(I) Validity 5260 HC-R(I)44b BHCW5311 For advanced approaches HCs that exit parallel run only, if 

HC-R(I)42b minus HC-R(I)43 is greater than zero, then HCR(I)44b must equal HC-R(I)42b minus HC-R(I)43.

For advanced approaches HCs that exit parallel run only if 

(bhcwp870-bhcap872) gt 0 then bhcw5311 eq (bhcwp870-

bhcap872)

FRY9C 20200331 99991231 No Change HC-R(I) Validity 5270 HC-R(I)44b BHCW5311 For advanced approaches HCs that exit parallel run only, if 

HC-R(I)42b minus HC-R(I)43 is less than or equal to zero, 

then HC-R(I)44b must equal zero and must not be null.

for advanced approaches HCs that exit parallel run only if 

(bhcwp870-bhcap872) le 0 then bhcw5311 eq 0 and bhcw5311 

ne null

FRY9C 20200331 99991231 No Change HC-R(I) Validity 5280 HC-R(I)45a BHCA3792 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule that do 

not plan to adopt the CBLR framework only, if HC-R(I)31a is 

zero, then sum of HC-R(I)26 and HC-R(I)44a must equal HCFor BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if bhcale74 eq 0, 

then (bhca8274 + bhca5311) eq bhca3792

FRY9C 20200331 99991231 No Change HC-R(I) Validity 5290 HC-R(I)45b BHCW3792 For advanced approaches HCs that exit parallel run only, sum 

of HC-R(I)26 and HC-R(I)44b must equal HC-R(I)45b.

for advanced approaches HCs that exit parallel run only 

(bhca8274 + bhcw5311) eq bhcw3792

FRY9C 20200331 99991231 No Change HC-R(I) Validity 5320 HC-R(I)30 BHCAA224 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, HCR(I)27 minus HC-R(I)28 and HC-R(I)29 must equal HC-R(I)30. 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcakw03- 

bhcap875 - bhcab596) eq bhcaa224

FRY9C 20200630 99991231 No Change HC-R(I) Validity 5322 HC-R(I)49B BHCW7205 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Nonadvanced approaches HCs and advanced approaches HCs in 

preparallel or parallel run and Category III HCs only, HCR(I)40b, HC-R(I)42b, HC-R(I)44b, HC-R(I)45b, HC-R(I)46b, and 

HC-R(I)47 Column B , HC-R(I)48 Column B, and HC-R(I)49 

Column B must equal null. 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, Non-advanced 

approaches HCs and advanced approaches HCs in preparallel or 

parallel run and Category III HCs only, bhcw5310 eq null and 

bhcwp870 eq null and bhcw5311 eq null and bhcw3792 eq null 

and bhcwa223 eq null and bhcwp793 eq null and bhcw7206 eq 

null and bhcw7205 eq null 

June 2021 FR Y-9C: CHK-16 of 24
Validity (V) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Each edit in the checklist must balance, rounding errors are not allowed

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20210630 99991231 Revised HC-R(II) Validity 5325 HC-R(II)m4 BHCKS624 For grandfathered unitary SLHCs and insurance SLHCs that 

are not required to file HC-R (if the institution meets certain 

requirements defined in the final capital rule) , HC-R(I)1 

through HC-R(II) m5c must equal null.

For grandfathered unitary slhcs that met the exemption 

requirements in 12 CFR 217.2 only bhcap742, bhcakw00, 

bhcajj29, bhcab530, bhcap838, bhcap839, bhcap840, bhcap841, 

bhcap842, bhcap843, bhcap844, bhcap846, bhcap847, bhcap848, 

bhcap849, bhcaq258, bhcap850, bhcwp851, bhcap852, 

bhcwp852, bhcalb58, bhcwp853, bhcalb59, bhcwp854, bhcalb60, 

bhcwp855, bhcwp856, bhcap857, bhcwp857, bhcwp858, 

bhcap858, bhcwp859, bhcap859, bhcap860, bhcap861, 

bhcap862, bhcap863, bhcap864, bhcap865, bhca8274, bhcap866, 

bhcap867, bhcap868, bhca5310, bhcw5310, bhcap870, 

bhcwp870, bhcap872, bhca5311, bhcw5311, bhca3792, 

bhcw3792, bhcakw03, bhcap875, bhcab596, bhcaa224, 

bhcaa223, bhcwa223, bhcap793, bhca7206, bhca7205, 

bhcwp793, bhcw7206, bhcw7205, bhca7204, bhckd957, 

bhcks396, bhckd958, bhckd959, bhcks397, bhckd960, bhcks398, 

bhckd961, bhcks399, bhckd962, bhckd963, bhckd964, bhckd965, 

bhcks400, bhckja21, bhcks402, bhckd967, bhckd968, bhckd969, 

bhckd970, bhcks403, bhckd971, bhckd972, bhckd973, bhcks410, 

bhckd974, bhcks411, bhckh171, bhckh172, bhcks413, bhcks414, 

bhckh173, bhcks415, bhcks416, bhcks417, bhcks419, bhcks420, 

bhckh174, bhckh175, bhckh176, bhckh177, bhcks421, bhcks423, 

bhcks424, bhcks425, bhcks426, bhcks427, bhcks428, bhcks429, 

bhcks405, bhcks406, bhckh271, bhckh272, bhckh273, bhckh274, 

bhckh275, bhckh276, bhckh277, bhckh278, bhcks431, bhcks432, 

bhcks433, bhcks434, bhcks435, bhcks436, bhcks437, bhcks439, 

bhcks440, bhckh178, bhcks441, bhcks442, bhcks443, bhcks445, 

bhcks446, bhckh179, bhckh180, bhckh181, bhckh182, bhcks447, 

bhcks449, bhcks450, bhcks451, bhcks452, bhcks453, bhcks454, 

bhcks455, bhcks457, bhcks458, bhcks459, bhcks460, bhcks461, 

bhcks462, bhcks463, bhcx3123, bhcy3123, bhckd976, bhcks466, 

bhckd977, bhckd978, bhckd979, bhckd980, bhcks467, bhckd981, 

bhcks469, bhckd982, bhckd983, bhckd984, bhckd985, bhckh185, 

FRY9C 20210331 99991231 No Change HC-R(I) Validity 5400 HC-R(I)51 BHCAH313 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Nonadvanced approaches HCs with total assets less than $100B, 

excluding Category III institutions, that do not plan to adopt 

the CBLR framework only, if HC-R(I)31a is zero and HC-R(I)50 

is less than or equal to 2.5000% then HC-R(I)51 must not be 

null.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, Non-advanced 

approaches HCs, excluding Category III institutions only, if 

bhcale74 eq 0 and bhck2170 lt 100000000 and bhcah311 is le 

2.5000 then bhcah313 ne null

FRY9C 20210331 99991231 No Change HC-R(I) Validity 5420 HC-R(I)52 BHCAH314 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Nonadvanced approaches HCs with total assets less than $100B 

excluding Category III institutions, that do not plan to adopt 

the CBLR framework only, if HC-R(I)31a is zero and HC-R(I)50 

(previous) is less than or equal to 2.5000% then HC-R(I)52 

must not be null.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, Non-advanced 

approaches HCs, excluding Category III institutions, only, if 

bhcale74 eq 0 and bhck2170 lt 100000000 and bhcah311-q2 is le 

2.5000 then bhcah314 ne null

FRY9C 20210630 99991231 Added HC-R(I) Validity 5431 HC-R(I)56A BHCALF23 For top-tier BHCs of U.S. GSIBs and IHCs of foreign GSIBs 

only, if HC-R(I)54 is not null, then HC-R(I)56A must equal HCR(I)54 divided by HC-R(I)46a (+/-.0001).

For top-tier BHCs of U.S. GSIBs and IHCs of foreign GSIBs only, if 

bhcalf21 ne null, then bhcalf23 eq (bhcalf21/bhcaa223 * 100) (+/- 

.0001).

FRY9C 20210630 99991231 Added HC-R(I) Validity 5432 HC-R(I)56B BHCWLF23 For top-tier BHCs of U.S. GSIBs and IHCs of foreign GSIBs 

only, if HC-R(I)55 is not null, then HC-R(I)56B must equal HCR(I)55 divided by HC-R(I)46a (+/- .0001).

For top-tier BHCs of U.S. GSIBs and IHCs of foreign GSIBs only, if 

bhcalf22 ne null, then bhcwlf23 eq (bhcalf22/bhcaa223 * 100) (+/- 

.0001).

June 2021 FR Y-9C: CHK-17 of 24
Validity (V) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Each edit in the checklist must balance, rounding errors are not allowed

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20210630 99991231 Added HC-R(I) Validity 5433 HC-R(I)57A BHCAMK66 For top-tier BHCs of U.S. GSIBs that exit parallel run only, if 

HC-R(I)54 is not null, then HC-R(I)57A must equal HC-R(I)54 

divided by HC-R(I)46b (+/-.0001)

For top-tier BHCs of U.S. GSIBs that exit parallel run only, if 

bhcalf21 ne null, then bhcamk66 eq (bhcalf21/bhcwa223 * 100) 

(+/- .0001).

FRY9C 20210630 99991231 Added HC-R(I) Validity 5434 HC-R(I)57B BHCWMK66 For top-tier BHCs of U.S. GSIBs that exit parallel run only, if 

HC-R(I)55 is not null, then HC-R(I)57B must equal HC-R(I)55 

divided by HC-R(I)46b (+/-.0001)

For top-tier BHCs of U.S. GSIBs that exit parallel run only, if 

bhcalf22 ne null, then bhcwmk66 eq (bhcalf22/bhcwa223 * 100) 

(+/- .0001).

FRY9C 20210630 99991231 Added HC-R(I) Validity 5435 HC-R(I)58A BHCALF24 For IHCs of foreign GSIBs only, if HC-R(I)58A is not null, then 

HC-R(I)58A must equal HC-R(I)54 divided by HC-R(I)30 (+/-

.0001) 

For IHCs of foreign GSIBs only, if if bhcalf24 ne null, then 

bhcalf24 eq (bhcalf21/bhcaa224 * 100) (+/- .0001)

FRY9C 20210630 99991231 Added HC-R(I) Validity 5436 HC-R(I)58B BHCWLF24 For IHCs of foreign GSIBs only, if HC-R(I)58B is not null, then 

HC-R(I)58B must equal HC-R(I)55 divided by HC-R(I)30 (+/-

.0001)

For IHCs of foreign GSIBs only, if bhcwlf24 ne null, then bhcwlf24 

eq (bhcalf22/bhcaa224 * 100) (+/- .0001)

FRY9C 20210630 99991231 Added HC-R(I) Validity 5437 HC-R(I)59A BHCALF25 For HCs subject to Category I, II, or III standards only, if HCR(I)59A is not null, then HC-R(I)59A must equal HC-R(I)54 

divided by FFIEC 101 Schedule A, Table 2, item 2.21 (+/- 

.0001)

For HCs subject to Category I, II, or III standards only, if bhcalf25 

is not null, then bhcalf25 eq (bhcalf21/aaabh015 * 100) (+/- 

.0001)

FRY9C 20210630 99991231 Added HC-R(I) Validity 5438 HC-R(I)59B BHCWLF25 For HCs subject to Category I, II, or III standards only, if HCR(I)59B is not null, then HC-R(I)59B must equal HC-R(I)55 

divided by FFIEC 101 Schedule A, Table 2, item 2.21 (+/- 

.0001).

For HCs subject to Category I, II, or III standards only, if bhcwlf25 

is not null, then bhcwlf25 eq (bhcalf22/aaabh015 * 100) (+/- 

.0001).

FRY9C 20160930 99991231 No Change HC-R(II) Validity 3715 HC-R(II)1A BHCKD957 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)1B through HC-R(II)1R must equal HC-R(II)1A.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks396 + 

bhckd958 + bhckd959 + bhcks397 + bhckd960 + bhcks398) eq 

bhckd957

FRY9C 20170331 99991231 No Change HC-R(II) Validity 3740 HC-R(II)2aA BHCKD961 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)2aB through HC-R(II)2aR must equal HC-R(II)2aA.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks399 + 

bhckd962 + 

bhckhj74 + bhckhj75 + bhckd963 + bhckd964 + bhckd965 + 

bhcks400) eq bhckd961

FRY9C 20180630 99991231 No Change HC-R(II) Validity 3765 HC-R(II)2bA BHCKJA21 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)2bB through HC-R(II)2bR must equal HC-R(II)2bA.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks402 + 

bhckd967 + bhckhj76 + bhckhj77 + bhckd968 + bhckd969 + 

bhckd970 + bhcks403 + bhckh270 + bhcks405 + bhcks406 + 

bhckh271) eq bhckja21

FRY9C 20160930 99991231 No Change HC-R(II) Validity 3795 HC-R(II)3aA BHCKD971 For BHCs, SHCs, IHCs, Non-BHC IHCs and covered SLHCs as 

defined by the final capital rule only, Sum of HC-R(II)3aB 

through HC-R(II)3aR must equal HC-R(II)3aA.

For BHCs, SHCs, IHCs, Non-BHC IHCs and covered SLHCs as 

defined by the final capital rule only, (bhckd972 + bhckd973 + 

bhcks410 + bhckd974 + bhcks411) eq bhckd971

FRY9C 20160930 99991231 No Change HC-R(II) Validity 3800 HC-R(II)3aA BHCKD971 For BHCs, SHCs, IHCs, Non-BHC IHCs and covered SLHCs as 

defined by the final capital rule only, HC-R(II)3aA must be 

less than or equal to HC-3A

For BHCs, SHCs, IHCs, Non-BHC IHCs and covered SLHCs as 

defined by the final capital rule only, bhckd971 le bhdmb987

FRY9C 20160930 99991231 No Change HC-R(II) Validity 3815 HC-R(II)3bA BHCKH171 For BHCs, SHCs, IHCs, Non-BHC IHCs and covered SLHCs as 

defined by the final capital rule only, Sum of HC-R(II)3bB 

through HC-R(II)3bR must equal HC-R(II)3bA.

For BHCs, SHCs, IHCs, Non-BHC IHCs and covered SLHCs as 

defined by the final capital rule only, bhckh172 eq bhckh171

FRY9C 20160930 99991231 No Change HC-R(II) Validity 3818 HC-R(II)3bA BHCKH171 For BHCs, SHCs, IHCs, Non-BHC IHCs and covered SLHCs as 

defined by the final capital rule only, HC-R(II)3bA must be 

less than or equal to HC-3B

For BHCs, SHCs, IHCs, Non-BHC IHCs and covered SLHCs as 

defined by the final capital rule only, bhckh171 le bhckb989

FRY9C 20160930 99991231 No Change HC-R(II) Validity 3820 HC-R(II)4aA BHCKS413 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)4aB through HC-R(II)4aR must equal HC-R(II)4aA.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks414 + 

bhckh173 + bhcks415 + bhcks416 + bhcks417 + bhckh273) eq 

bhcks413

June 2021 FR Y-9C: CHK-18 of 24
Validity (V) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Each edit in the checklist must balance, rounding errors are not allowed

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20160930 99991231 No Change HC-R(II) Validity 3825 HC-R(II)4bA BHCKS419 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)4bB through HC-R(II)4bR must equal HC-R(II)4bA.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks420 + 

bhckh174 + bhckh175 + bhckh176 + bhckh177 + bhcks421 + 

bhckh275) eq bhcks419

FRY9C 20170331 99991231 No Change HC-R(II) Validity 3830 HC-R(II)4cA BHCKS423 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)4cB through HC-R(II)4cR must equal HC-R(II)4cA.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks424 + 

bhcks425 + bhckhj78 + bhckhj79 + bhcks426 + bhcks427 + 

bhcks428 + bhcks429 + bhckh277) eq bhcks423

FRY9C 20170331 99991231 No Change HC-R(II) Validity 3840 HC-R(II)4dA BHCKS431 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)4dB through HC-R(II)4dR must equal HC-R(II)4dA.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks432 + 

bhcks433 + bhckhj80 + bhckhj81 + bhcks434 + bhcks435 + 

bhcks436 + bhcks437 + bhckh279) eq bhcks431

FRY9C 20160930 99991231 No Change HC-R(II) Validity 3845 HC-R(II)5aA BHCKS439 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)5aB through HC-R(II)5aR must equal HC-R(II)5aA.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks440 + 

bhckh178 + bhcks441 + bhcks442 + bhcks443 + bhckh281) eq 

bhcks439

FRY9C 20160930 99991231 No Change HC-R(II) Validity 3850 HC-R(II)5bA BHCKS445 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)5bB through HC-R(II)5bR must equal HC-R(II)5bA.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks446 + 

bhckh179 + bhckh180 + bhckh181 + bhckh182 + bhcks447 + 

bhckh283) eq bhcks445

FRY9C 20170331 99991231 No Change HC-R(II) Validity 3855 HC-R(II)5cA BHCKS449 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)5cB through HC-R(II)5cR must equal HC-R(II)5cA.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks450 + 

bhcks451 + bhckhj82 + bhckhj83 + bhcks452 + bhcks453 + 

bhcks454 + bhcks455 + bhckh285) eq bhcks449

FRY9C 20170331 99991231 No Change HC-R(II) Validity 3865 HC-R(II)5dA BHCKS457 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)5dB through HC-R(II)5dR must equal HC-R(II)5dA.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks458 + 

bhcks459 + bhckhj84 + bhckhj85 + bhcks460 + bhcks461 + 

bhcks462 + bhcks463 + bhckh287) eq bhcks457

FRY9C 20160930 99991231 No Change HC-R(II) Validity 3870 HC-R(II)6A BHCX3123 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)6B through HC-R(II)6R must equal HC-R(II)6A.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, bhcy3123 eq 

bhcx3123

FRY9C 20180630 99991231 No Change HC-R(II) Validity 3895 HC-R(II)7A BHCKD976 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)7B through HC-R(II)7R must equal HC-R(II)7A.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks466 + 

bhckd977 + bhckhj86 + bhckhj87 + bhckd978 + bhckd979 + 

bhckd980 + bhcks467 + bhckh289 + bhckh186 + bhckh290 + 

bhckh187 + bhckh291) eq bhckd976

FRY9C 20180630 99991231 No Change HC-R(II) Validity 3930 HC-R(II)8A BHCKD981 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)8B through HC-R(II)8R and HC-R(II)8aR and HCR(II)8bR must equal HC-R(II)8A.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks469 + 

bhckd982 + bhckhj88 + bhckhj89 + bhckd983 + bhckd984 + 

bhckd985 + bhckh185 + bhckh293 + bhckh188 + bhcks470 + 

bhcks471 + bhckh294 + bhckh296 + bhckh298) eq bhckd981

FRY9C 20180630 99991231 No Change HC-R(II) Validity 3902 HC-R(II)8A BHCKD981 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, HCR(II)8A must be less than or equal to the sum of HC-6 

through HC-11.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, bhckd981 le 

(bhck2145 + bhck2150 + bhck2130 + bhck3656 + bhck2143 + 

bhck2160) 

FRY9C 20160930 99991231 No Change HC-R(II) Validity 3915 HC-R(II)9aA BHCKS475 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)9aB and HC-R(II)9aQ must equal HC-R(II)9aA

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks476 + 

bhcks477) eq bhcks475

June 2021 FR Y-9C: CHK-19 of 24
Validity (V) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Each edit in the checklist must balance, rounding errors are not allowed

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20160930 99991231 No Change HC-R(II) Validity 3919 HC-R(II)9aT BHCKS478 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If the 

sum of HC-R(II)9aT through HC-R(II)10T is greater than zero, 

then the sum of HC-R(II)9aU through HC-R(II)10U must equal 

zero or null.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If (bhcks478 + 

bhcks483 + bhcks488 + bhcks493 + bhcks498) gt 0 then 

(bhcks479 + bhcks484 + bhcks489 + bhcks494 + bhcks499) eq 0 

or (bhcks479 eq null and bhcks484 eq null and bhcks489 eq null 

and bhcks494 eq null and bhcks499 eq null)

FRY9C 20160930 99991231 No Change HC-R(II) Validity 3921 HC-R(II)9aU BHCKS479 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If the 

sum of HC-R(II)9aU through HC-R(II)10U is greater than zero, 

then the sum of HC-R(II)9aT through HC-R(II)10T must equal 

zero or null.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If (bhcks479 + 

bhcks484 + bhcks489 + bhcks494 + bhcks499) gt 0 then 

(bhcks478 + bhcks483 + bhcks488 + bhcks493 + bhcks498) eq 0 

or (bhcks478 eq null and bhcks483 eq null and bhcks488 eq null 

and bhcks493 eq null bhcks498 and eq null)

FRY9C 20160930 99991231 No Change HC-R(II) Validity 3925 HC-R(II)9bA BHCKS480 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)9bB and HC-R(II)9bQ must equal HC-R(II)9bA.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks481 + 

bhcks482) eq bhcks480

FRY9C 20160930 99991231 No Change HC-R(II) Validity 3935 HC-R(II)9cA BHCKS485 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)9cB and HC-R(II)9cQ must equal HC-R(II)9cA.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks486 + 

bhcks487) eq bhcks485

FRY9C 20160930 99991231 No Change HC-R(II) Validity 3940 HC-R(II)9dA BHCKS490 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)9dB and HC-R(II)9dQ must equal HC-R(II)9dA.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks491 + 

bhcks492) eq bhcks490

FRY9C 20160930 99991231 No Change HC-R(II) Validity 3950 HC-R(II)10A BHCKS495 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)10B and HC-R(II)10Q must equal HC-R(II)10A.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks496 + 

bhcks497) eq bhcks495

FRY9C 20180331 99991231 No Change HC-R(II) Validity 3920 HC-R(II)11A BHCT2170 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)1A through HC-R(II)5dA and HC-R(II)7A through 

HC-R(II)9dA minus HC-R(II)6A must equal HC-R(II)11A.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, ((bhckd957 + 

bhckd961 + bhckja21 + bhckd971 + bhckh171 + bhcks413 + 

bhcks419 + bhcks423 + bhcks431 + bhcks439 + bhcks445 + 

bhcks449 + bhcks457 + bhckd976 + bhckd981 + bhcks475 + 

bhcks480 + bhcks485 + bhcks490) - bhcx3123) eq bhct2170

FRY9C 20160930 99991231 No Change HC-R(II) Validity 3955 HC-R(II)11B BHCKS500 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)1B through HC-R(II)5dB and HC-R(II)7B through HCR(II)9dB minus HC-R(II)6B must equal HC-R(II)11B.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, ((bhcks396 + 

bhcks399 + bhcks402 + bhckh172 + bhcks414 + bhcks420 + 

bhcks424 + bhcks432 + bhcks440 + bhcks446 + bhcks450 + 

bhcks458 + bhcks466 + bhcks469 + bhcks476 + bhcks481 + 

bhcks486 + bhcks491) -bhcy3123) eq bhcks500

FRY9C 20160930 99991231 No Change HC-R(II) Validity 3965 HC-R(II)11C BHCKD987 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)1C through HC-R(II)8C must equal HC-R(II)11C.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhckd958 + 

bhckd962 + bhckd967 + bhckd972 + bhckh173 + bhckh174 + 

bhcks425 + bhcks433 + bhckh178 + bhckh179 + bhcks451 + 

bhcks459 + bhckd977 + bhckd982) eq bhckd987

FRY9C 20170331 99991231 No Change HC-R(II) Validity 3967 HC-R(II)11D BHCKHJ90 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)1D through HC-R(II)8D must equal HC-R(II)11D.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhckhj74 + 

bhckhj76 + bhckhj78 + bhckhj80 + bhckhj82 + bhckhj84 + 

bhckhj86 + bhckhj88 ) eq bhckhj90

FRY9C 20170331 99991231 No Change HC-R(II) Validity 3969 HC-R(II)11E BHCKHJ91 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)1E through HC-R(II)8E must equal HC-R(II)11E.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhckhj75 + 

bhckhj77 + bhckhj79 + bhckhj81 + bhckhj83 + bhckhj85 + 

bhckhj87 + bhckhj89 ) eq bhckhj91

June 2021 FR Y-9C: CHK-20 of 24
Validity (V) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Each edit in the checklist must balance, rounding errors are not allowed

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20160930 99991231 No Change HC-R(II) Validity 3975 HC-R(II)11G BHCKD988 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)1G through HC-R(II)8G must equal HC-R(II)11G.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhckd959 + 

bhckd963 + bhckd968 + bhckd973 + bhcks415 + bhckh175 + 

bhcks426 + bhcks434 + bhcks441 + bhckh180 + bhcks452 + 

bhcks460 + bhckd978 + bhckd983) eq bhckd988

FRY9C 20160930 99991231 No Change HC-R(II) Validity 3985 HC-R(II)11H BHCKD989 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)1H through HC-R(II)8H must equal HC-R(II)11H.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks397 + 

bhckd964 + bhckd969 + bhcks410 + bhcks416 + bhckh176 + 

bhcks427 + bhcks435 + bhcks442 + bhckh181 + bhcks453 + 

bhcks461 + bhckd979 + bhckd984) eq bhckd989

FRY9C 20160930 99991231 No Change HC-R(II) Validity 3995 HC-R(II)11I BHCKD990 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)1I through HC-R(II)8I must equal HC-R(II)11I.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhckd960 + 

bhckd965 + bhckd970 + bhckd974 + bhcks417 + bhckh177 + 

bhcks428 + bhcks436 + bhcks443 + bhckh182 + bhcks454 + 

bhcks462 + bhckd980 + bhckd985) eq bhckd990

FRY9C 20180630 99991231 No Change HC-R(II) Validity 4005 HC-R(II)11A BHCT2170 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)11B through HC-R(II)11R must equal HC-R(II)11A.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks500 + 

bhckd987 + bhckhj90 + bhckhj91 + bhckd988 + bhckd989 + 

bhckd990 + bhcks503 + bhcks504 + bhcks505 + bhcks506 + 

bhcks507 + bhcks510 + bhckh300) eq bhct2170

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4010 HC-R(II)11J BHCKS503 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)1J through HC-R(II)8J must equal HC-R(II)11J.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks398 + 

bhcks400 + bhcks403 + bhcks411 + bhcks421 + bhcks429 + 

bhcks437 + bhcks447 + bhcks455 + bhcks463 + bhcks467 + 

bhckh185) eq bhcks503

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4014 HC-R(II)11L BHCKS505 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)1L through HC-R(II)8L must equal HC-R(II)11L.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks405 + 

bhckh186 + bhckh188) eq bhcks505

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4016 HC-R(II)11M BHCKS506 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)1M through HC-R(II)8M must equal HC-R(II)11M.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks470 + 

bhckh290) eq bhcks506

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4018 HC-R(II)11N BHCKS507 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)1N through HC-R(II)8N must eq HC-R(II)11N.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks406 + 

bhckh187 + bhcks471) eq bhcks507

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4024 HC-R(II)11Q BHCKS510 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)9aQ through HC-R(II)9dQ must eq HC-R(II)11Q

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks477 + 

bhcks482 + bhcks487 + bhcks492) eq bhcks510

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4025 HC-R(II)11R BHCKH300 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)2bR through HC-R(II)8bR must eq HC-R(II)11R

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhckh271 + 

bhckh273 + bhckh275 + bhckh277 + bhckh279 + bhckh281 + 

bhckh283 + bhckh285 + bhckh287 + bhckh291 + bhckh294 + 

bhckh296 + bhckh298) eq bhckh300

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4030 HC-R(II)12A BHCKD991 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, HCR(II)12B must equal HC-R(II)12A 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, bhckd992 eq 

bhckd991

FRY9C 20170331 99991231 No Change HC-R(II) Validity 4035 HC-R(II)12B BHCKD992 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)12C through HC-R(II)12J must equal HC-R(II)12B.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhckd993 + 

bhckhj92 + bhckhj93 + bhckd994 + bhckd995 + bhckd996 + 

bhcks511) eq bhckd992

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4055 HC-R(II)13B BHCKD998 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, HCR(II)13B must equal HC-R(II)13A multiplied by 50%. (+/-2)

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhckd998 le 

((bhckd997 * .5) + 2)) and (bhckd998 ge ((bhckd997 * .5) - 2))

June 2021 FR Y-9C: CHK-21 of 24
Validity (V) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Each edit in the checklist must balance, rounding errors are not allowed

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4065 HC-R(II)13B BHCKD998 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)13C through HC-R(II)13J must equal HC-R(II)13B.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhckd999 + 

bhckg603 + bhckg604 + bhckg605 + bhcks512) eq bhckd998

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4085 HC-R(II)14B BHCKG607 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, HCR(II)14B must equal HC-R(II)14A multiplied by 20%. (+/-2)

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhckg607 le 

((bhckg606 * .2) + 2)) and (bhckg607 ge ((bhckg606 * .2) - 2))

FRY9C 20170331 99991231 No Change HC-R(II) Validity 4095 HC-R(II)14B BHCKG607 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)14C through HC-R(II)14J must equal HC-R(II)14B.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhckg608 + 

bhckhj94 + bhckhj95 + bhckg609 + bhckg610 + bhckg611 + 

bhcks513) eq bhckg607

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4155 HC-R(II)15A BHCKG612 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, HCR(II)15B must equal HC-R(II)15A.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, bhckg613 eq 

bhckg612

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4165 HC-R(II)15B BHCKG613 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)15C through HC-R(II)15J must equal HC-R(II)15B.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhckg614 + 

bhckg615 + bhckg616 + bhckg617 + bhcks514) eq bhckg613

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4172 HC-R(II)16A BHCKS515 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, HCR(II)16B must equal HC-R(II)16A 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, bhcks516 eq 

bhcks515

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4180 HC-R(II)16B BHCKS516 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)16C through HC-R(II)16J and HC-R(II)16R must 

equal HC-R(II)16B.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks517 + 

bhcks518 + bhcks519 + bhcks520 + bhcks521 + bhcks522 + 

bhcks523 + bhckh301) eq bhcks516

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4195 HC-R(II)17A BHCKG618 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, HCR(II)17B must equal HC-R(II)17A.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, bhckg619 eq 

bhckg618

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4210 HC-R(II)17B BHCKG619 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)17C through HC-R(II)17J must equal HC-R(II)17B.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhckg620 + 

bhckg621 + bhckg622 + bhckg623 + bhcks524) eq bhckg619

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4214 HC-R(II)18aB BHCKS526 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, HCR(II)18aB must equal HC-R(II)18aA multiplied by 20%. (+/-2)

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks526 le 

((bhcks525 * .2) + 2)) and (bhcks526 ge ((bhcks525 * .2) - 2))

FRY9C 20170331 99991231 No Change HC-R(II) Validity 4216 HC-R(II)18aB BHCKS526 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)18aC through HC-R(II)18aJ and HC-R(II)18aR must 

equal HC-R(II)18aB.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks527 + 

bhckhj96 + bhckhj97 + bhcks528 + bhcks529 + bhcks530 + 

bhcks531 + bhckh303) eq bhcks526

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4220 HC-R(II)18bB BHCKG625 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, HCR(II)18bB must equal HC-R(II)18bA multiplied by 50%. (+/-2)

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, bhckg625 le 

((bhckg624 * .5) + 2) and bhckg625 ge ((bhckg624 * .5) - 2)

FRY9C 20170331 99991231 No Change HC-R(II) Validity 4230 HC-R(II)18bB BHCKG625 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)18bC through HC-R(II)18bJ and HC-R(II)18bR must 

equal HC-R(II)18bB.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhckg626 + 

bhckhj98 + bhckhj99 + bhckg627 + bhckg628 + bhckg629 + 

bhcks539 + bhckh307) eq bhckg625

FRY9C 20170331 99991231 No Change HC-R(II) Validity 4242 HC-R(II)20B BHCKS542 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)20C through HC-R(II)20J and HC-R(II)20R must 

equal HC-R(II)20B.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks543 + 

bhckhk00 + bhckhk01 + bhcks544 + bhcks545 + bhcks546 + 

bhcks547 + bhcks548 + bhckh309) eq bhcks542

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4244 HC-R(II)21B BHCKS549 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)21C through HC-R(II)21J must equal HC-R(II)21B.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks550 + 

bhcks551 + bhcks552 + bhcks554 + bhcks555 + bhcks556 + 

bhcks557) eq bhcks549

June 2021 FR Y-9C: CHK-22 of 24
Validity (V) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Each edit in the checklist must balance, rounding errors are not allowed

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4246 HC-R(II)22A BHCKH191 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)22C through HC-R(II)22Q must equal HC-R(II)22A.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhckh193 + 

bhckh194 + bhckh195 + bhckh196 + bhckh197 + bhckh198 + 

bhckh199 + bhckh200) eq bhckh191

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4250 HC-R(II)23C BHCKG630 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)11C through HC-R(II)22C must equal HC-R(II)23C.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhckd987 + 

bhckd993 + bhckd999 + bhckg608 + bhckg614 + bhcks517 + 

bhckg620 + bhcks527 + bhckg626 + bhcks543 + bhcks550 + 

bhckh193) eq bhckg630

FRY9C 20170331 99991231 No Change HC-R(II) Validity 4252 HC-R(II)23D BHCKS558 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)11D through HC-R(II)22D must equal HC-R(II)23D.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhckhj90 + 

bhckhj92 + bhckhj94 + bhcks518 + bhckhj96 + bhckhj98 + 

bhckhk00 + bhcks551) eq bhcks558 

FRY9C 20170331 99991231 No Change HC-R(II) Validity 4254 HC-R(II)23E BHCKS559 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)11E through HC-R(II)22E must equal HC-R(II)23E.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhckhj91 + 

bhckhj93 + bhckhj95 + bhcks519 + bhckhj97 + bhckhj99 + 

bhckhk01 + bhcks552) eq bhcks559 

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4256 HC-R(II)23F BHCKS560 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)11F through HC-R(II) 22F must equal HC-R(II)23F 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, bhcks544 eq 

bhcks560

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4260 HC-R(II)23G BHCKG631 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)11G through HC-R(II)22G must equal HC-R(II)23G.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhckd988 + 

bhckd994 + bhckg603 + bhckg609 + bhckg615 + bhcks520 + 

bhckg621 + bhcks528 + bhckg627 + bhcks545 + bhcks554 + 

bhckh194) eq bhckg631

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4270 HC-R(II)23H BHCKG632 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)11H through HC-R(II)22H must equal HC-R(II)23H.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhckd989 + 

bhckd995 + bhckg604 + bhckg610 + bhckg616 + bhcks521 + 

bhckg622 + bhcks529 + bhckg628 + bhcks546 + bhcks555 + 

bhckh195) eq bhckg632

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4280 HC-R(II)23I BHCKG633 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)11I through HC-R(II)22I must equal HC-R(II)23I.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhckd990 + 

bhckd996 + bhckg605 + bhckg611 + bhckg617 + bhcks522 + 

bhckg623 + bhcks530 + bhckg629 + bhcks547 + bhcks556 + 

bhckh196) eq bhckg633

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4281 HC-R(II)23J BHCKS561 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)11J through HC-R(II)22J must equal HC-R(II)23J.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks503 + 

bhcks511 + bhcks512 + bhcks513 + bhcks514 + bhcks523 + 

bhcks524 + bhcks531 + bhcks539 + bhcks548 + bhcks557 + 

bhckh197) eq bhcks561

FRY9C 20180630 99991231 No Change HC-R(II) Validity 4282 HC-R(II)23K BHCKS562 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, HCR(II)11K must equal HC-R(II)23K.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, bhcks504 eq 

bhcks562

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4283 HC-R(II)23L BHCKS563 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, HCR(II)11L must equal HC-R(II)23L 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, bhcks505 eq 

bhcks563

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4284 HC-R(II)23M BHCKS564 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, HCR(II)11M must equal HC-R(II)23M.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, bhcks506 eq 

bhcks564

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4285 HC-R(II)23N BHCKS565 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, HCR(II)11N must equal HC-R(II)23N.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, bhcks507 eq 

bhcks565

June 2021 FR Y-9C: CHK-23 of 24
Validity (V) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Each edit in the checklist must balance, rounding errors are not allowed

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4286 HC-R(II)23O BHCKS566 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, HCR(II)22O must equal HC-R(II)23O.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, bhckh198 eq 

bhcks566

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4287 HC-R(II)23P BHCKS567 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, HCR(II)22P must equal HC-R(II)23P.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, bhckh199 eq 

bhcks567

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4288 HC-R(II)23Q BHCKS568 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Sum 

of HC-R(II)10Q, HC-R(II)11Q and HC-R(II)22Q must equal HCR(II)23Q.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, (bhcks497 + 

bhcks510 + bhckh200) eq bhcks568

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4320 HC-R(II)25I BHCKG637 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, HCR(II)25I must equal HC-R(II)23I

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, bhckg637 eq 

bhckg633

FRY9C 20160930 99991231 No Change HC-R(II) Validity 4345 HC-R(II)31 BHCKG641 For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, HCR(II)31 must equal HC-R(II)28 minus the sum of HC-R(II)29 

and HC-R(II)30.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, ((bhckb704) - 

(bhcka222 + bhck3128)) eq bhckg641

FRY9C 20200630 99991231 No Change HC-R(I) Validity 5500 HC-R(I)53 BHCAH036 For advanced approaches HCs and Category III HCs only, HCR(I)53 must not be null.For advanced approaches HCs and Category III HCs only, 

bhcah036 ne null 

FRY9C 20200630 99991231 No Change HC-R(I) Validity 5510 HC-R(I)53 BHCAH036 For non-advanced approaches HCs only, excluding Category 

III HCs, HC-R(I)53 must be null. 

For nonadvanced approaches HCs, excluding Category III HCs, 

bhcah036 eq null 

FRY9C 20150331 99991231 No Change HC-S Validity 4590 HC-S4bA BHCKB740 Sum of HC-S4aA and HC-S4bA must be less than or equal to 

HC-S1A.

(bhckb733 + bhckb740) le bhckb705

FRY9C 20150331 99991231 No Change HC-S Validity 4595 HC-S4bB BHCKB741 Sum of HC-S4aB and HC-S4bB must be less than or equal to 

HC-S1B.

(bhckb734 + bhckb741) le bhckb706

FRY9C 20150331 99991231 No Change HC-S Validity 4600 HC-S4bC BHCKB742 Sum of HC-S4aC and HC-S4bC must be less than or equal to 

HC-S1C.

(bhckb735 + bhckb742) le bhckb707

FRY9C 20150331 99991231 No Change HC-S Validity 4605 HC-S4bD BHCKB743 Sum of HC-S4aD and HC-S4bD must be less than or equal to 

HC-S1D.

(bhckb736 + bhckb743) le bhckb708

FRY9C 20150331 99991231 No Change HC-S Validity 4610 HC-S4bE BHCKB744 Sum of HC-S4aE and HC-S4bE must be less than or equal to 

HC-S1E.

(bhckb737 + bhckb744) le bhckb709

FRY9C 20150331 99991231 No Change HC-S Validity 4615 HC-S4bF BHCKB745 Sum of HC-S4aF and HC-S4bF must be less than or equal to 

HC-S1F.

(bhckb738 + bhckb745) le bhckb710

FRY9C 20150331 99991231 No Change HC-S Validity 4620 HC-S4bG BHCKB746 Sum of HC-S4aG and HC-S4bG must be less than or equal to 

HC-S1G.

(bhckb739 + bhckb746) le bhckb711

FRY9C 20150331 99991231 No Change HC-S Validity 4710 HC-SM4 BHCKC407 HC-SM4 must be less than or equal to HC-S1C. bhckc407 le bhckb707

June 2021 FR Y-9C: CHK-24 of 24
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC-K Quality 6250 HC-K5 BHCK3368 The sum of HC-K1a through HC-K3a and HC-K3b through HC-K4b 

should be less than or equal to HC-K5.

(bhckb558 + bhckb559 + bhckb560 + bhck3365 + bhdm3516 + 

bhfn3360 + bhck3401 + bhckb985) le bhck3368

FRY9C 20150331 99991231 No Change HI Intraseries 5139 HI-1a1a BHCK4435

For June, September, and December, if HI-A9 (current) is equal to 

HI-A9 (previous), then the current period should be greater than 

or equal to the previous period (minus $2k) for HI-1a1a.

if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhck4356-q1 eq bhck4356-q2)) then (bhck4435-q1 ge 

bhck4435-q2 - 2)

FRY9C 20150331 99991231 No Change HI Quality 9000 HI-1a1a BHCK4435 HI-1a1a should not be null and should not be negative. bhck4435 ne null and bhck4435 ge 0

FRY9C 20150331 99991231 No Change HI Intraseries 0077 HI-1a1b BHCK4436

For June, September, and December, if HI-A9 (current) is equal to 

HI-A9 (previous), then the current period should be greater than 

or equal to the previous period (minus $2k) for HI-1a1b.

if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhck4356-q1 eq bhck4356-q2)) then (bhck4436-q1 ge 

bhck4436-q2 - 2)

FRY9C 20150331 99991231 No Change HI Quality 0079 HI-1a1b BHCK4436 HI-1a1b should not be null and should not be negative. bhck4436 ne null and bhck4436 ge 0

FRY9C 20150331 99991231 No Change HI Intraseries 0078 HI-1a1c BHCKF821

For June, September, and December, if HI-A9 (current) is equal to 

HI-A9 (previous), then the current period should be greater than 

or equal to the previous period (minus $2k) for HI-1a1c.

if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhck4356-q1 eq bhck4356-q2)) then (bhckf821-q1 ge bhckf821-

q2 - 2)

FRY9C 20150331 99991231 No Change HI Quality 0080 HI-1a1c BHCKF821 HI-1a1c should not be null and should not be negative. bhckf821 ne null and bhckf821 ge 0

FRY9C 20150331 99991231 No Change HI Intraseries 5141 HI-1a2 BHCK4059

For June, September, and December, if HI-A9 (current) is equal to 

HI-A9 (previous), then the current period should be greater than 

or equal to the previous period (minus $2k) for HI-1a2.

if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhck4356-q1 eq bhck4356-q2)) then (bhck4059-q1 ge 

bhck4059-q2 - 2)

FRY9C 20150331 99991231 No Change HI Quality 9010 HI-1a2 BHCK4059 HI-1a2 should not be negative bhck4059 ge 0 or bhck4059 eq null

FRY9C 20150331 99991231 No Change HI Intraseries 5142 HI-1b BHCK4065

For June, September, and December, if HI-A9 (current) is equal to 

HI-A9 (previous), then the current period should be greater than 

or equal to the previous period (minus $2k) for HI-1b.

if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhck4356-q1 eq bhck4356-q2)) then (bhck4065-q1 ge 

bhck4065-q2 - 2)

FRY9C 20150331 99991231 No Change HI Quality 9020 HI-1b BHCK4065 HI-1b should not be null. bhck4065 ne null

FRY9C 20150331 99991231 No Change HI Intraseries 5143 HI-1c BHCK4115

For June, September, and December, if HI-A9 (current) is equal to 

HI-A9 (previous), then the current period should be greater than 

or equal to the previous period (minus $2k) for HI-1c.

if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhck4356-q1 eq bhck4356-q2)) then (bhck4115-q1 ge 

bhck4115-q2 - 2)

FRY9C 20150331 99991231 No Change HI Quality 9030 HI-1c BHCK4115 HI-1c should not be null and should not be negative. bhck4115 ne null and bhck4115 ge 0

FRY9C 20150331 99991231 No Change HI Intraseries 5144 HI-1d1 BHCKB488

For June, September, and December, if HI-A9 (current) is equal to 

HI-A9 (previous), then the current period should be greater than 

or equal to the previous period (minus $2k) for HI-1d1.

if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhck4356-q1 eq bhck4356-q2)) then (bhckb488-q1 ge 

bhckb488-q2 - 2)

FRY9C 20150331 99991231 No Change HI Quality 9030 HI-1d1 BHCKB488 HI-1d1 should not be null and should not be negative. bhckb488 ne null and bhckb488 ge 0

FRY9C 20150331 99991231 No Change HI Intraseries 5145 HI-1d2 BHCKB489

For June, September, and December, if HI-A9 (current) is equal to 

HI-A9 (previous), then the current period should be greater than 

or equal to the previous period (minus $2k) for HI-1d2.

if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhck4356-q1 eq bhck4356-q2)) then (bhckb489-q1 ge 

bhckb489-q2 - 2)

FRY9C 20150331 99991231 No Change HI Quality 9030 HI-1d2 BHCKB489 HI-1d2 should not be null and should not be negative. bhckb489 ne null and bhckb489 ge 0

FRY9C 20150331 99991231 No Change HI Intraseries 5146 HI-1d3 BHCK4060

For June, September, and December, if HI-A9 (current) is equal to 

HI-A9 (previous), then the current period should be greater than 

or equal to the previous period (minus $2k) for HI-1d3.

if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhck4356-q1 eq bhck4356-q2)) then (bhck4060-q1 ge 

bhck4060-q2 - 2)

FRY9C 20150331 99991231 No Change HI Quality 9030 HI-1d3 BHCK4060 HI-1d3 should not be null and should not be negative. bhck4060 ne null and bhck4060 ge 0

FRY9C 20150331 99991231 No Change HI Intraseries 5149 HI-1g BHCK4518

For June, September, and December, if HI-A9 (current) is equal to 

HI-A9 (previous), then the current period should be greater than 

or equal to the previous period (minus $2k) for HI-1g.

if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhck4356-q1 eq bhck4356-q2)) then (bhck4518-q1 ge 

bhck4518-q2 - 2)

FRY9C 20150331 99991231 No Change HI Intraseries 5157 HI-2e BHCK4398

For June, September, and December, if HI-A9 (current) is equal to 

HI-A9 (previous), then the current period should be greater than 

or equal to the previous period (minus $2k) for HI-2e.

if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhck4356-q1 eq bhck4356-q2)) then (bhck4398-q1 ge 

bhck4398-q2 - 2)

FRY9C 20160930 99991231 No Change HI Quality 9030 HI-1f BHCK4020 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HI-1f should 

not be null and should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck4020 ne 

null and bhck4020 ge 0

FRY9C 20150331 99991231 No Change HI Intraseries 5158 HI-5a BHCK4070

For June, September, and December, if HI-A9 (current) is equal to 

HI-A9 (previous), then the current period should be greater than 

or equal to the previous period (minus $2k) for HI-5a.

if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhck4356-q1 eq bhck4356-q2)) then (bhck4070-q1 ge 

bhck4070-q2 - 2)

FRY9C 20150331 99991231 No Change HI Quality 9030 HI-1g BHCK4518 HI-1g should not be null and should not be negative. bhck4518 ne null and bhck4518 ge 0

June 2021 FR Y-9C: EDIT-1 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HI Intraseries 5166 HI-7a BHCK4135

For June, September, and December, if HI-A9 (current) is equal to 

HI-A9 (previous), then the current period should be greater than 

or equal to the previous period (minus $2k) for HI-7a.

if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhck4356-q1 eq bhck4356-q2)) then (bhck4135-q1 ge 

bhck4135-q2 - 2)

FRY9C 20170331 99991231 No Change HI Quality 9030 HI-2a1a BHCKHK03 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HI-2a1a should 

not be null and should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhckhk03 

ne null and bhckhk03 ge 0

FRY9C 20150331 99991231 No Change HI Intraseries 5167 HI-7b BHCK4217

For June, September, and December, if HI-A9 (current) is equal to 

HI-A9 (previous), then the current period should be greater than 

or equal to the previous period (minus $2k) for HI-7b.

if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhck4356-q1 eq bhck4356-q2)) then (bhck4217-q1 ge 

bhck4217-q2 - 2)

FRY9C 20170331 99991231 No Change HI Quality 9030 HI-2a1b BHCKHK04 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HI-2a1b should 

not be null and should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhckhk04 ne 

null and bhckhk04 ge 0

FRY9C 20150331 99991231 No Change HI Intraseries 5168 HI-7c1 BHCKC216

For June, September, and December, if HI-A9 (current) is equal to 

HI-A9 (previous), then the current period should be greater than 

or equal to the previous period (minus $2k) for HI-7c1.

if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhck4356-q1 eq bhck4356-q2)) then (bhckc216-q1 ge 

bhckc216-q2 - 2)

FRY9C 20160930 99991231 No Change HI Quality 9030 HI-2a1c BHCK6761 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HI-2a1c should 

not be null and should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck6761 ne 

null and bhck6761 ge 0

FRY9C 20150331 99991231 No Change HI Intraseries 5169 HI-7c2 BHCKC232

For June, September, and December, if HI-A9 (current) is equal to 

HI-A9 (previous), then the current period should be greater than 

or equal to the previous period (minus $2k) for HI-7c2.

if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhck4356-q1 eq bhck4356-q2)) then (bhckc232-q1 ge 

bhckc232-q2 - 2)

FRY9C 20160930 99991231 No Change HI Quality 9040 HI-2a2 BHCK4172 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HI-2a2 should 

not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck4172 ge 

0 or bhck4172 eq null

FRY9C 20150331 99991231 No Change HI Intraseries 5220 HI-Mem3 BHCK4313 For June, September, and December, HI-Mem3 (current) should 

be greater than or equal to HI-Mem3 (previous - $2k).

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhck4313-q1 ge bhck4313-q2 - 2)

FRY9C 20160930 99991231 No Change HI Quality 9050 HI-2b BHCK4180 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HI-2b should 

not be null and should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck4180 ne 

null and bhck4180 ge 0

FRY9C 20150331 99991231 No Change HI Intraseries 5235 HI-Mem4 BHCK4507 For June, September, and December, HI-Mem4 (current) should 

be greater than or equal to HI-Mem4 (previous - $2k).

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhck4507-q1 ge bhck4507-q2 - 2)

FRY9C 20150331 99991231 No Change HI Intraseries 5400 HI-Mem13 BHCKA530 HI-Mem13 (current) should equal HI-Mem13 (previous). (bhcka530-q1) eq (bhcka530-q2)

FRY9C 20150331 99991231 No Change HI Intraseries 0226 HI-Mem14b BHCKF553

For June, September, and December, if HI-Mem14b (previous) is 

not equal to zero, then the HI-Mem14b (current) should not be 

equal to zero.

if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

bhckf553-q2 ne 0) then bhckf553-q1 ne 0

FRY9C 20150331 99991231 No Change HI-A Intraseries 5455 HI-A2 BHCKB507 For June, September, and December, if HI-A2 (previous) is not 

equal to zero, then HI-A2 (current) should not equal zero.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhckb507-q2 ne 0) then (bhckb507-q1 ne 0)

FRY9C 20150331 99991231 No Change HI Quality 9050 HI-2e BHCK4398 HI-2e should not be null and should not be negative. bhck4398 ne null and bhck4398 ge 0

FRY9C 20190630 99991231 No Change HI Quality 9060 HI-4 BHCKJJ33 HI-4 should not be null. bhckjj33 ne null

FRY9C 20150331 99991231 No Change HI-A Intraseries 5450 HI-A3 BHCKB508

If HI-A15 (previous December) is greater than zero, and HI-A9 

(current) equals zero, then HI-A1 (current) or HI-A3(current) 

should equal HI-A15(previous December).

if (mm-q1 eq 03 and bhct3210-q2 gt 0 and bhck4356-q1 eq 0) 

then (bhck3217-q1 or bhckb508-q1) eq bhct3210-q2 or if (mmq1 eq 06 and bhct3210-q3 gt 0 and bhck4356-q1 eq 0) then 

(bhck3217-q1 or bhckb508-q1) eq bhct3210-q3 or if (mm-q1 eq 

09 and bhct3210-q4 gt 0 and bhck4356-q1 eq 0) then (bhck3217-

q1 or bhckb508-q1) eq bhct3210-q4 or if (mm-q1 eq 12 and 

bhct3210-q5 gt 0 and bhck4356-q1 eq 0) then (bhck3217-q1 or 

bhckb508-q1) eq bhct3210-q5

FRY9C 20150331 99991231 No Change HI Quality 9070 HI-5a BHCK4070 HI-5a should not be negative. bhck4070 ge 0 or bhck4070 eq null

FRY9C 20150331 99991231 No Change HI-A Intraseries 5470 HI-A5a BHCK3577 For June, September, and December, if HI-A5a (previous) is not 

equal to zero, then HI-A5a (current) should not equal zero.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

bhck3577-q2 ne 0 then bhck3577-q1 ne 0 

FRY9C 20160930 99991231 No Change HI Quality 9080 HI-5b BHCK4483 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HI-5b should 

not be null and should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck4483 ne 

null and bhck4483 ge 0

FRY9C 20150331 99991231 No Change HI-A Intraseries 5470 HI-A5b BHCK3578 For June, September, and December, if HI-A5b (previous) is not 

equal to zero, then HI-A5b (current) should not equal zero.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhck3578-q2 ne 0 ) then (bhck3578-q1 ne 0)

FRY9C 20150331 99991231 No Change HI-A Intraseries 5470 HI-A6a BHCK3579 For June, September, and December, if HI-A6a (previous) is not 

equal to zero, then HI-A6a (current) should not equal zero.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhck3579-q2 ne 0 ) then (bhck3579-q1 ne 0)

June 2021 FR Y-9C: EDIT-2 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HI-A Intraseries 5470 HI-A6b BHCK3580 For June, September, and December, if HI-A6b (previous) is not 

equal to zero, then HI-A6b (current) should not equal zero.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhck3580-q2 ne 0 ) then (bhck3580-q1 ne 0)

FRY9C 20191231 99991231 No Change HI Quality 5131 HI-5d4 BHCKC386

If previous year June HC-12 is greater than or equal to $5 billion, 

then if the sum of HI-Mem12b1 and HI-Mem12b2 is greater than 

zero and does not equal HI-5d5, then HI-5d4 should be greater 

than zero and HI-5d4 should not be null. 

if (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000) then if ((bhckc242 + bhckc243 gt 0) and (bhckc242 

+ bhckc243 ne bhckc387)) then bhckc386 gt 0 and bhckc386 ne 

null

FRY9C 20191231 99991231 No Change HI Quality 5132 HI-5d4 BHCKC386

If previous year June HC-12 is greater than or equal to $5 billion, 

then if HI-5d4 is greater than zero, then HI-5d4 should be greater 

than or equal to the sum of HI-Mem12b1 and HI-Mem12b2.

if (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000) then if bhckc386 gt 0 then bhckc386 ge (bhckc242 

+ bhckc243)

FRY9C 20191231 99991231 No Change HI Quality 5133 HI-5d4 BHCKC386

If previous year June HC-12 is greater than or equal to $5 billion 

and if HI-Mem12c is greater than zero, then HI-5d4 should be 

greater than zero and HI-5d4 should not be null.

if (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000) then if bhckb983 gt 0 then bhckc386 gt 0 and 

bhckc386 ne null

FRY9C 20150331 99991231 No Change HI-A Intraseries 5480 HI-A8 BHCK4783

For June, September, and December, if the sum of HI-A7 and HIA8 (previous) is not equal to zero, then the sum of HI-A7 and HIA8 (current) should not be equal to zero.if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

((bhck4782-q2 + bhck4783-q2) ne 0) then ((bhck4782-q1 + 

bhck4783-q1) ne 0)

FRY9C 20191231 99991231 No Change HI Quality 5135 HI-5d5 BHCKC387

For March, If previous year June HC-12 is greater than or equal to 

$5 billion and the absolute value of HI-5d4 is greater than $5k, 

then HI-5d5 should not equal zero and HI-5d5 should not be null. 

if (mm-q1 eq 03 and bhck2170-q4 ge 5000000) and 

abs(bhckc386) gt 5 then bhckc387 ne 0 and bhckc387 ne null

FRY9C 20150331 99991231 No Change HI-A Intraseries 5485 HI-A9 BHCK4356 For June, September, and December, if HI-A9 (previous) is not 

equal to zero, then HI-A9 (current) should not be equal to zero.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhck4356-q2 ne 0) then (bhck4356-q1 ne 0)

FRY9C 20150331 99991231 No Change HI-A Intraseries 5530 HI-A12 BHCKB511 For June, September, and December, if HI-A12 (previous) is not 

equal to zero, then HI-A12 (current) should not be equal to zero.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhckb511-q2 ne 0) then (bhckb511-q1 ne 0)

FRY9C 20191231 99991231 No Change HI Quality 1110 HI-5d1 BHCKC886

If previous year June HC-12 is less than $5 billion then HI-5d1 

through HI-5d5 should be left blank.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckc886 eq null and bhckc888 eq null and bhckc887 eq 

null and bhckc386 eq null and bhckc387 eq null. 

FRY9C 20191231 99991231 No Change HI Quality 1111 HI-5d6 BHCKKX46

If previous year June HC-12 is less than $5 billion then HI-5d6 

should not be null and should not be negative.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckkx46 ne null and bhckkx46 ge 0

FRY9C 20191231 99991231 No Change HI Quality 1112 HI-5d7 BHCKKX47

If previous year June HC-12 is less than $5 billion then HI-5d7 

should not be null and should not be negative.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckkx47 ne null and bhckkx47 ge 0

FRY9C 20150331 99991231 No Change HI Quality 9090 HI-5f BHCKB492 HI-5f should not be null. bhckb492 ne null

FRY9C 20150331 99991231 No Change HI Quality 9110 HI-5i BHCK8560 HI-5i should not be null. bhck8560 ne null

FRY9C 20150331 99991231 No Change HI Quality 9110 HI-5j BHCK8561 HI-5j should not be null. bhck8561 ne null

FRY9C 20150331 99991231 No Change HI Quality 9110 HI-5k BHCKB496 HI-5k should not be null. bhckb496 ne null

FRY9C 20150331 99991231 No Change HI Quality 9110 HI-5l BHCKB497 HI-5l should not be null. bhckb497 ne null

FRY9C 20150331 99991231 No Change HI Quality 9110 HI-6a BHCK3521 HI-6a should not be null. bhck3521 ne null

FRY9C 20150331 99991231 No Change HI Quality 9110 HI-6b BHCK3196 HI-6b should not be null. bhck3196 ne null

FRY9C 20150331 99991231 No Change HI Quality 5138 HI-7a BHCK4135 HI-7a should be greater than zero and HI-7a should not be null. bhck4135 gt 0 and bhck4135 ne null

June 2021 FR Y-9C: EDIT-3 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HI-B Intraseries 0001 HI-B(I)1a1A BHCKC891

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)1a1A.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhckc891-q1 ge bhckc891-q2 - 2)

FRY9C 20150331 99991231 No Change HI-B Intraseries 0002 HI-B(I)1a1B BHCKC892

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)1a1B.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhckc892-q1 ge bhckc892-q2 - 2)

FRY9C 20150331 99991231 No Change HI Quality 9130 HI-7b BHCK4217 HI-7b should not be null. bhck4217 ne null

FRY9C 20150331 99991231 No Change HI-B Intraseries 0046 HI-B(I)1a2A BHCKC893

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)1a2A.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhckc893-q1 ge bhckc893-q2 - 2)

FRY9C 20150331 99991231 No Change HI Quality 9140 HI-7c1 BHCKC216 HI-7c1 should not be null and should not be negative. bhckc216 ne null and bhckc216 ge 0

FRY9C 20150331 99991231 No Change HI-B Intraseries 0047 HI-B(I)1a2B BHCKC894

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)1a2B.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhckc894-q1 ge bhckc894-q2 - 2)

FRY9C 20150331 99991231 No Change HI Quality 9140 HI-7c2 BHCKC232 HI-7c2 should not be null and should not be negative. bhckc232 ne null and bhckc232 ge 0

FRY9C 20150331 99991231 No Change HI Quality 9150 HI-7d BHCK4092 HI-7d should not be null. bhck4092 ne null

FRY9C 20200331 99991231 No Change HI Quality 9171 HI-8b BHCKHT70 If HC-2c is greater than zero, HI-8b should not be zero or null. If bhckja22 gt 0, bhckht70 ne 0 and bhckht70 ne null

FRY9C 20150331 99991231 No Change HI Quality 9170 HI-9 BHCK4302 HI-9 should not be null. bhck4302 ne null

FRY9C 20160930 99991231 No Change HI Quality 9170 HI-11 BHCKFT28 HI-11 should not be null. bhckft28 ne null

FRY9C 20191231 99991231 No Change HI Quality 5214 HI-Mem1 BHCK4519

If previous year June HC-12 is greater than or equal to $5 billion 

then the absolute value of HI-Mem1 should be less than or equal 

to 150% of the absolute value of HI-3.

if (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000) then abs(bhck4519) le (abs(bhck4074) * 1.5)

FRY9C 20191231 99991231 No Change HI Quality 5218 HI-Mem2 BHCK4592

If previous year June HC-12 is greater than or equal to $5 billion, 

then the absolute value of HI-Mem2 should be less than or equal 

to 150% of the absolute value of HI-8c.

(if (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) then abs(bhck4592) le (abs(bhck4301) * 1.5)

FRY9C 20150331 99991231 No Change HI-B Intraseries 0003 HI-B(I)1bA BHCK3584

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)1bA.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhck3584-q1 ge bhck3584-q2 - 2)

FRY9C 20150331 99991231 No Change HI Quality 9190 HI-Mem3 BHCK4313 HI-Mem3 should not be null and should not be negative. bhck4313 ne null and bhck4313 ge 0

FRY9C 20150331 99991231 No Change HI-B Intraseries 0004 HI-B(I)1bB BHCK3585

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)1bB.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhck3585-q1 ge bhck3585-q2 - 2)

FRY9C 20150331 99991231 No Change HI Quality 9190 HI-Mem4 BHCK4507 HI-Mem4 should not be null and should not be negative. bhck4507 ne null and bhck4507 ge 0

FRY9C 20160930 99991231 No Change HI Quality 5240 HI-Mem5 BHCK4150 For March, if HI-Mem5 is greater than zero, then HI-7a divided by 

HI-Mem5 should be in the range of $4 - $50 thousand.

if (mm-q1 eq 03) and (bhck4150 gt 0) then ((bhck4135 / 

bhck4150) ge 4 and (bhck4135 / bhck4150) le 50)

FRY9C 20150331 99991231 No Change HI Quality 5245 HI-Mem5 BHCK4150 HI-Mem5 should be greater than zero and HI-Mem5 should not be 

null. bhck4150 gt 0 and bhck4150 ne null

FRY9C 20150331 99991231 No Change HI-B Intraseries 0005 HI-B(I)1c1A BHCK5411

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)1c1A.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhck5411-q1 ge bhck5411-q2 - 2)

FRY9C 20150331 99991231 No Change HI Quality 9190 HI-Mem5 BHCK4150 HI-Mem5 should not be null and should not be negative. bhck4150 ne null and bhck4150 ge 0

FRY9C 20191231 99991231 No Change HI Quality 1113 HI-Mem6a BHCKC013 If previous year June HC-12 is less than $5 billion then for 

December, HI-Mem6a should not be null.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhckc013 

ne null

FRY9C 20191231 99991231 No Change HI Quality 1114 HI-Mem6a BHCKC013

If previous year June HC-12 is less than $5 billion then for March, 

June and September, HI-Mem6a should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) then bhckc013 eq null

FRY9C 20191231 99991231 No Change HI Quality 1115 HI-Mem6b BHCKC014 If previous year June HC-12 is less than $5 billion then for 

December, HI-Mem6b should not be null.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhckc014 

ne null

June 2021 FR Y-9C: EDIT-4 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20191231 99991231 No Change HI Quality 1116 HI-Mem6b BHCKC014

If previous year June HC-12 is less than $5 billion then for March, 

June and September, HI-Mem6b should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) then bhckc014 eq null

FRY9C 20191231 99991231 No Change HI Quality 1117 HI-Mem6c BHCKC016 If previous year June HC-12 is less than $5 billion then for 

December, HI-Mem6c should not be null.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhckc016 

ne null

FRY9C 20191231 99991231 No Change HI Quality 1118 HI-Mem6c BHCKC016

If previous year June HC-12 is less than $5 billion then for March, 

June and September, HI-Mem6c should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) then bhckc016 eq null

FRY9C 20191231 99991231 No Change HI Quality 1119 HI-Mem6d BHCK4042 If previous year June HC-12 is less than $5 billion then for 

December, HI-Mem6d should not be null.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhck4042 

ne null

FRY9C 20191231 99991231 No Change HI Quality 1120 HI-Mem6d BHCK4042

If previous year June HC-12 is less than $5 billion then for March, 

June and September, HI-Mem6d should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) then bhck4042 eq null

FRY9C 20191231 99991231 No Change HI Quality 1121 HI-Mem6e BHCKC015

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if previous year 

June HC-12 is less than $5 billion then for December, HI-Mem6e 

should not be null.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if (mm-q1 

eq 12 and bhck2170-q7 lt 5000000) then bhckc015 ne null

FRY9C 20191231 99991231 No Change HI Quality 1122 HI-Mem6e BHCKC015

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if previous year 

June HC-12 is less than $5 billion then for March, June and 

September, HI-Mem6e should be null.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if (mm-q1 

eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 and 

bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-q6 lt 

5000000) then bhckc015 eq null

FRY9C 20191231 99991231 No Change HI Quality 1123 HI-Mem6f BHCKF555 If previous year June HC-12 is less than $5 billion then for 

December, HI-Mem6f should not be null.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhckf555 ne 

null

FRY9C 20191231 99991231 No Change HI Quality 1124 HI-Mem6f BHCKF555

If previous year June HC-12 is less than $5 billion then for March, 

June and September, HI-Mem6f should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) then bhckf555 eq null

FRY9C 20191231 99991231 No Change HI Quality 1125 HI-Mem6g BHCKT047 If previous year June HC-12 is less than $5 billion then for 

December, HI-Mem6g should not be null.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhckt047 ne 

null

FRY9C 20191231 99991231 No Change HI Quality 1126 HI-Mem6g BHCKT047

If previous year June HC-12 is less than $5 billion then for March, 

June and September, HI-Mem6g should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) then bhckt047 eq null

FRY9C 20200630 99991231 No Change HI Quality 5260 HI-Mem6h BHCK8562

If previous year June HC-12 is greater than or equal to $5 billion 

and financial data is not equal to null or zero, then text data 

should not be null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhck8562 ne null and bhck8562 ne 0 then 

text8562 ne null

FRY9C 20191231 99991231 No Change HI Quality 1127 HI-Mem6h BHCK8562

If previous year June HC-12 is less than $5 billion then for 

December, and financial data is not equal to null or zero, then text 

data should not be null.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) and bhck8562 ne 

null and bhck8562 ne 0 then text8562 ne null

FRY9C 20200630 99991231 No Change HI Quality 1128 HI-Mem6h BHCK8562

If previous year June HC-12 is less than $5 billion then for March, 

June and September, financial data should be null, and text data 

should be null.

if ((mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000)) and bhck8562 eq null then text8562 eq null

FRY9C 20180630 99991231 No Change HI Quality 5261 HIMem6hTX TEXT8562 If text data is not equal to null, then financial data should not 

equal null or zero. if text8562 ne null then bhck8562 ne null and bhck8562 ne 0

FRY9C 20200630 99991231 No Change HI Quality 5262 HI-Mem6i BHCK8563

If previous year June HC-12 is greater than or equal to $5 billion 

and financial data is not equal to null or zero, then text data 

should not be null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhck8563 ne null and bhck8563 ne 0 then 

text8563 ne null

FRY9C 20191231 99991231 No Change HI Quality 1129 HI-Mem6i BHCK8563

If previous year June HC-12 is less than $5 billion then for 

December, and financial data is not equal to null or zero, then text 

data should not be null.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) and bhck8563 ne 

null and bhck8563 ne 0 then text8563 ne null

June 2021 FR Y-9C: EDIT-5 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20200630 99991231 No Change HI Quality 1130 HI-Mem6i BHCK8563

If previous year June HC-12 is less than $5 billion then for March, 

June and September, financial data should be null, and text data 

should be null.

if ((mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000)) and bhck8563 eq null then text8563 eq null

FRY9C 20180630 99991231 No Change HI Quality 5263 HI-Mem6iTX TEXT8563 If text data is not equal to null, then financial data should not 

equal null or zero. if text8563 ne null then bhck8563 ne null and bhck8563 ne 0

FRY9C 20200630 99991231 No Change HI Quality 5264 HI-Mem6j BHCK8564

If previous year June HC-12 is greater than or equal to $5 billion 

and financial data is not equal to null or zero, then text data 

should not be null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhck8564 ne null and bhck8564 ne 0 then 

text8564 ne null

FRY9C 20191231 99991231 No Change HI Quality 1131 HI-Mem6j BHCK8564

If previous year June HC-12 is less than $5 billion then for 

December, and financial data is not equal to null or zero, then text 

data should not be null.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) and bhck8564 ne 

null and bhck8564 ne 0 then text8564 ne null

FRY9C 20200630 99991231 No Change HI Quality 1132 HI-Mem6j BHCK8564

If previous year June HC-12 is less than $5 billion then for March, 

June and September, financial data should be null, and text data 

should be null.

if ((mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000)) and bhck8564 eq null then text8564 eq null

FRY9C 20150331 99991231 No Change HI-B Intraseries 0006 HI-B(I)1c1B BHCK5412

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)1c1B.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhck5412-q1 ge bhck5412-q2 - 2)

FRY9C 20180630 99991231 No Change HI Quality 5265 HI-Mem6jTX TEXT8564 If text data is not equal to null, then financial data should not 

equal null or zero. if text8564 ne null then bhck8564 ne null and bhck8564 ne 0

FRY9C 20191231 99991231 No Change HI Quality 1133 HI-Mem7a BHCKC017 If previous year June HC-12 is less than $5 billion then for 

December, HI-Mem7a should not be null.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhckc017 

ne null

FRY9C 20191231 99991231 No Change HI Quality 1134 HI-Mem7a BHCKC017

If previous year June HC-12 is less than $5 billion then for March, 

June and September, HI-Mem7a should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) then bhckc017 eq null

FRY9C 20191231 99991231 No Change HI Quality 1135 HI-Mem7b BHCK0497 If previous year June HC-12 is less than $5 billion then for 

December, HI-Mem7b should not be null.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhck0497 

ne null

FRY9C 20191231 99991231 No Change HI Quality 1136 HI-Mem7b BHCK0497

If previous year June HC-12 is less than $5 billion then for March, 

June and September, HI-Mem7b should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) then bhck0497 eq null

FRY9C 20191231 99991231 No Change HI Quality 1137 HI-Mem7c BHCK4136 If previous year June HC-12 is less than $5 billion then for 

December, HI-Mem7c should not be null.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhck4136 

ne null

FRY9C 20191231 99991231 No Change HI Quality 1138 HI-Mem7c BHCK4136

If previous year June HC-12 is less than $5 billion then for March, 

June and September, HI-Mem7c should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) then bhck4136 eq null

FRY9C 20191231 99991231 No Change HI Quality 1139 HI-Mem7d BHCKC018 If previous year June HC-12 is less than $5 billion then for 

December, HI-Mem7d should not be null.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhckc018 

ne null

FRY9C 20191231 99991231 No Change HI Quality 1140 HI-Mem7d BHCKC018

If previous year June HC-12 is less than $5 billion then for March, 

June and September, HI-Mem7d should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) then bhckc018 eq null

FRY9C 20191231 99991231 No Change HI Quality 1141 HI-Mem7e BHCK8403 If previous year June HC-12 is less than $5 billion then for 

December, HI-Mem7e should not be null.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhck8403 

ne null

FRY9C 20191231 99991231 No Change HI Quality 1142 HI-Mem7e BHCK8403

If previous year June HC-12 is less than $5 billion then for March, 

June and September, HI-Mem7e should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) then bhck8403 eq null

FRY9C 20191231 99991231 No Change HI Quality 1143 HI-Mem7f BHCK4141 If previous year June HC-12 is less than $5 billion then for 

December, HI-Mem7f should not be null.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhck4141 

ne null

FRY9C 20191231 99991231 No Change HI Quality 1144 HI-Mem7f BHCK4141

If previous year June HC-12 is less than $5 billion then for March, 

June and September, HI-Mem7f should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) then bhck4141 eq null

June 2021 FR Y-9C: EDIT-6 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20191231 99991231 No Change HI Quality 1145 HI-Mem7g BHCK4146

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if previous year 

June HC-12 is less than $5 billion then for December, HI-Mem7g 

should not be null.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhck4146 

ne null

FRY9C 20191231 99991231 No Change HI Quality 1146 HI-Mem7g BHCK4146

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if previous year 

June HC-12 is less than $5 billion then for March, June and 

September, HI-Mem7g should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) then bhck4146 eq null

FRY9C 20191231 99991231 No Change HI Quality 1147 HI-Mem7l BHCKY923 If previous year June HC-12 is less than $5 billion then for 

December, HI-Mem7l should not be null.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhcky923 

ne null

FRY9C 20191231 99991231 No Change HI Quality 1148 HI-Mem7l BHCKY923

If previous year June HC-12 is less than $5 billion then for March, 

June and September, HI-Mem7l should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) then bhcky923 eq null

FRY9C 20191231 99991231 No Change HI Quality 1149 HI-Mem7m BHCKY924 If previous year June HC-12 is less than $5 billion then for 

December, HI-Mem7m should not be null.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhcky924 

ne null

FRY9C 20191231 99991231 No Change HI Quality 1150 HI-Mem7m BHCKY924

If previous year June HC-12 is less than $5 billion then for March, 

June and September, HI-Mem7m should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) then bhcky924 eq null

FRY9C 20200630 99991231 No Change HI Quality 5280 HI-Mem7n BHCK8565

If previous year June HC-12 is greater than or equal to $5 billion 

and financial data is not equal to null or zero, then text data 

should not be null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhck8565 ne null and bhck8565 ne 0 then 

text8565 ne null

FRY9C 20191231 99991231 No Change HI Quality 1151 HI-Mem7n BHCK8565

If previous year June HC-12 is less than $5 billion then for 

December, and financial data is not equal to null or zero, then text 

data should not be null.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) and bhck8565 ne 

null and bhck8565 ne 0 then text8565 ne null

FRY9C 20200630 99991231 No Change HI Quality 1152 HI-Mem7n BHCK8565

For March, June and September, If previous year June HC-12 is 

less than $5 billion and financial data is null, then text data should 

be null.

if ((mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000)) and bhck8565 is null then text8565 is null

FRY9C 20200630 99991231 No Change HI Quality 5281

HIMem7nTX

TEXT8565

If previous year June HC-12 is greater than or equal to $5 billion, 

and text data is not equal to null, then financial data should not 

equal null or zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and text8565 ne null then bhck8565 ne null and 

bhck8565 ne 0

FRY9C 20191231 99991231 No Change HI Quality 1153

HIMem7nTX

TEXT8565

If previous year June HC-12 is less than $5 billion then for 

December, and text data is not equal to null, then financial data 

should not equal null or zero.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) and text8565 ne 

null then text8565 ne null and bhck8565 ne 0

FRY9C 20191231 99991231 No Change HI Quality 1154

HIMem7nTX

TEXT8565

If previous year June HC-12 is less than $5 billion then for March, 

June and September, then text data and financial data should be 

null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) then text8565 is null and bhck8565 is null

FRY9C 20200630 99991231 No Change HI Quality 5282 HI-Mem7o BHCK8566

If previous year June HC-12 is greater than or equal to $5 billion, 

and financial data is not equal to null or zero, then text data 

should not be null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhck8566 ne null and bhck8566 ne 0 then 

text8566 ne null

FRY9C 20191231 99991231 No Change HI Quality 1155 HI-Mem7o BHCK8566

If previous year June HC-12 is less than $5 billion then for 

December, and financial data is not equal to null or zero, then text 

data should not be null.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) and bhck8566 ne 

null and bhck8566 ne 0 then text8566 ne null

FRY9C 20200630 99991231 No Change HI Quality 1156 HI-Mem7o BHCK8566

If previous year June HC-12 is less than $5 billion then for March, 

June and September, and financial data is null, then text data 

should be null.

if ((mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000)) and bhck8566 eq null then text8566 eq null

June 2021 FR Y-9C: EDIT-7 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20200630 99991231 No Change HI Quality 5283

HIMem7oTX

TEXT8566

If previous year June HC-12 is greater than or equal to $5 billion, 

and text data is not equal to null, then financial data should not 

equal null or zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and text8566 ne null then bhck8566 ne null and 

bhck8566 ne 0

FRY9C 20200331 99991231 No Change HI Quality 1157

HIMem7oTX

TEXT8566

For December, if previous year June HC-12 is less than $5 billion 

and text data is not equal to null, then financial data should not 

equal null or zero.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) and text8566 ne 

null then bhck8566 ne null and bhck8566 ne 0

FRY9C 20191231 99991231 No Change HI Quality 1158

HIMem7oTX

TEXT8566

If previous year June HC-12 is less than $5 billion then for March, 

June and September, then text data and financial data should be 

null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) then text8566 is null and bhck8566 is null

FRY9C 20200630 99991231 No Change HI Quality 5284 HI-Mem7p BHCK8567

If previous year June HC-12 is greater than or equal to $5 billion, 

and financial data is not equal to null or zero, then text data 

should not be null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhck8567 ne null and bhck8567 ne 0 then 

text8567 ne null

FRY9C 20191231 99991231 No Change HI Quality 1159 HI-Mem7p BHCK8567

If previous year June HC-12 is less than $5 billion then for 

December, and financial data is not equal to null or zero, then text 

data should not be null.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) and bhck8567 ne 

null and bhck8567 ne 0 then text8567 ne null

FRY9C 20201231 99991231 No Change HI Quality 1160 HI-Mem7p BHCK8567

If previous year June HC-12 is less than $5 billion, then for March, 

June and September text data and financial data should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) then bhck8567 eq null and text8567 eq null

FRY9C 20191231 99991231 No Change HI Quality 5295 HI-Mem7p BHCK8567

If previous year June HC-12 is greater than or equal to $5 billion, 

the sum of HI-Mem7a through HI-Mem7p should be less than or 

equal to HI-7d.

if (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000) then (bhckc017 + bhck0497 + bhck4136 + 

bhckc018 + bhck8403 + bhck4141 + bhck4146 + bhckf556 + 

bhckf557 + bhckf558 + bhckf559 + bhcky923+ bhcky924+ 

bhck8565 + bhck8566 + bhck8567) le bhck4092

FRY9C 20191231 99991231 No Change HI Quality 1161 HI-Mem7p BHCK8567

If previous year June HC-12 is less than $5 billion then for 

December, the sum of HI-Mem7a through HI-Mem7p should be 

less than or equal to HI-7d.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then (bhckc017 + 

bhck0497 + bhck4136 + bhckc018 + bhck8403 + bhck4141 + 

bhck4146 + bhckf556 + bhckf557 + bhckf558 + bhckf559 + 

bhcky923+ bhcky924+ bhck8565 + bhck8566 + bhck8567) le 

bhck4092

FRY9C 20201231 99991231 No Change HI Quality 1162 HI-Mem7p BHCK8567

For March, June, September, if previous year June HC-12 less than 

$5 billion, then HI-Mem7a through HI-Mem7p should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) then (bhckc017 + bhck0497 + bhck4136 + 

bhckc018 + bhck8403 + bhck4141 + bhck4146 + bhckf556 + 

bhckf557 + bhckf558 + bhckf559 + bhcky923 + bhcky924 + 

bhck8565 + bhck8566 + bhck8567) eq 0

FRY9C 20150331 99991231 No Change HI-B Intraseries 0007 HI-B(I)1c2aA BHCKC234

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)1c2aA.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhckc234-q1 ge bhckc234-q2 - 2)

FRY9C 20150331 99991231 No Change HI-B Intraseries 0008 HI-B(I)1c2aB BHCKC217

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)1c2aB.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhckc217-q1 ge bhckc217-q2 - 2)

FRY9C 20200630 99991231 No Change HI Quality 5285

HIMem7pTX

TEXT8567

If previous year June HC-12 is greater than or equal to $5 billion, 

and text data is not equal to null, then financial data should not 

equal null or zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and text8567 ne null then bhck8567 ne null and 

bhck8567 ne 0

June 2021 FR Y-9C: EDIT-8 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20191231 99991231 No Change HI Quality 1165

HIMem7pTX

TEXT8567

For December, if previous year June HC-12 is less than $5 billion, 

and financial data is not equal to null or zero, then text data 

should not be null.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) and bhck8567 ne 

null and bhck8567 ne 0 then text8567 ne null

FRY9C 20191231 99991231 No Change HI Quality 1166

HIMem7pTX

TEXT8567

For March, June and September, if previous year June HC-12 is 

less than $5 billion, then text data and financial data should be 

null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) then text8567 and bhck8567 eq null. 

FRY9C 20200630 99991231 No Change HI Quality 5300 HI-Mem8a1 BHCKFT29

If previous year June HC-12 is greater than or equal to $5 billion, 

and financial data is not equal to null or zero, then text data 

should not be null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckft29 ne null and bhckft29 ne 0 then 

textft29 ne null

FRY9C 20200630 99991231 No Change HI Quality 1167 HI-Mem8a1 BHCKFT29

If previous year June HC-12 is less than $5 billion, then financial 

data and text data should equal null. 

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000), 

then bhckft29 eq null and textft29 eq null

FRY9C 20200630 99991231 No Change HI Quality 5301

HIMem8a1TX

TEXTFT29

If previous year June HC-12 is greater than or equal to $5 billion, 

and text data is not equal to null, then financial data should not 

equal null or zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and textft29 ne null then bhckft29 ne null and 

bhckft29 ne 0

FRY9C 20200630 99991231 No Change HI Quality 1168

HIMem8a1TX

TEXTFT29

If previous year June HC-12 is less than $5 billion, and text data is 

equal to null, then financial data should equal null.

if ((mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)) 

and textft29 eq null then bhckft29 eq null

FRY9C 20200630 99991231 No Change HI Quality 5306 HI-Mem8a1 BHCKFT29

If previous year June HC-12 is greater than or equal to $5 billion, 

and HI Mem8a1 is not equal to zero or null, then HI Mem8a2 

should not equal zero or null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckft29 ne 0 and bhckft29 ne null then 

bhckft30 ne 0 and bhckft30 ne null

FRY9C 20200630 99991231 No Change HI Quality 1169 HI-Mem8a1 BHCKFT29

If previous year June HC-12 is less than $5 billion, and HI Mem8a1 

is null, then HI Mem8a2 should equal null.

if ((mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)) 

and bhckft29 eq null then bhckft30 eq null

FRY9C 20200630 99991231 No Change HI Quality 5307 HI-Mem8a2 BHCKFT30

If previous year June HC-12 is greater than or equal to $5 billion, 

and HI Mem8a2 is not equal to zero or null, then HI Mem 8a1 

should not equal zero or null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckft30 ne 0 and bhckft30 ne null then 

bhckft29 ne 0 and bhckft29 ne null

FRY9C 20200630 99991231 No Change HI Quality 1170 HI-Mem8a2 BHCKFT30

If previous year June HC-12 is less than $5 billion, and HI Mem8a2 

is null, then HI Mem 8a1 should equal null.

if ((mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)) 

and bhckft30 eq null then bhckft29 eq null

FRY9C 20200630 99991231 No Change HI Quality 5302 HI-Mem8b1 BHCKFT31

If previous year June HC-12 is greater than or equal to $5 billion, 

and financial data is not equal to null or zero, then text data 

should not be null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckft31 ne null and bhckft31 ne 0 then 

textft31 ne null

FRY9C 20200630 99991231 No Change HI Quality 1171 HI-Mem8b1 BHCKFT31

If previous year June HC-12 is less than $5 billion, and financial 

data is null, then text data should be null.

if ((mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)) 

and bhckft31 eq null then textft31 eq null

June 2021 FR Y-9C: EDIT-9 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20200630 99991231 No Change HI Quality 5308 HI-Mem8b1 BHCKFT31

If previous year June HC-12 is greater than or equal to $5 billion, 

and HI Mem8b1 is not equal to zero or null, then HI Mem8b2 

should not equal zero or null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckft31 ne 0 and bhckft31 ne null then 

bhckft32 ne 0 and bhckft32 ne null

FRY9C 20200630 99991231 No Change HI Quality 1172 HI-Mem8b1 BHCKFT31

If previous year June HC-12 is less than $5 billion, and HI Mem8b1 

is null, then HI Mem8b2 should equal null.

if ((mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)) 

and bhckft31 eq null then bhckft32 eq null

FRY9C 20200630 99991231 No Change HI Quality 5309 HI-Mem8b2 BHCKFT32

If previous year June HC-12 is greater than or equal to $5 billion, 

and HI Mem8b2 is not equal to zero or null, then HI Mem 8b1 

should not equal zero or null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckft32 ne 0 and bhckft32 ne null then 

bhckft31 ne 0 and bhckft31 ne null

FRY9C 20200630 99991231 No Change HI Quality 1173 HI-Mem8b2 BHCKFT32

If previous year June HC-12 is less than $5 billion, and HI Mem8b2 

is null, then HI Mem 8b1 should equal null.

if ((mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)) 

and bhckft32 eq null then bhckft31 eq null

FRY9C 20200630 99991231 No Change HI Quality 5303

HIMem8b1TX TEXTFT31

If previous year June HC-12 is greater than or equal to $5 billion, 

and text data is not equal to null, then financial data should not 

equal null or zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and textft31 ne null then bhckft31 ne null and 

bhckft31 ne 0

FRY9C 20200630 99991231 No Change HI Quality 1174

HIMem8b1TX TEXTFT31If previous year June HC-12 is less than $5 billion, and text data is 

null, then financial data should equal null.

if ((mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)) 

and textft31 eq null then bhckft31 eq null

FRY9C 20150331 99991231 No Change HI-B Intraseries 0009 HI-B(I)1c2bA BHCKC235

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)1c2bA.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhckc235-q1 ge bhckc235-q2 - 2)

FRY9C 20150331 99991231 No Change HI-B Intraseries 0010 HI-B(I)1c2bB BHCKC218

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)1c2bB.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhckc218-q1 ge bhckc218-q2 - 2)

FRY9C 20150331 99991231 No Change HI-B Intraseries 0011 HI-B(I)1dA BHCK3588

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)1dA.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhck3588-q1 ge bhck3588-q2 - 2)

FRY9C 20150331 99991231 No Change HI-B Intraseries 0012 HI-B(I)1dB BHCK3589

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)1dB.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhck3589-q1 ge bhck3589-q2 - 2)

FRY9C 20150331 99991231 No Change HI-B Intraseries 0013 HI-B(I)1e1A BHCKC895

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)1e1A.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhckc895-q1 ge bhckc895-q2 - 2)

FRY9C 20150331 99991231 No Change HI-B Intraseries 0014 HI-B(I)1e1B BHCKC896

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)1e1B.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhckc896-q1 ge bhckc896-q2 - 2)

FRY9C 20150331 99991231 No Change HI-B Intraseries 0050 HI-B(I)1e2A BHCKC897

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)1e2A.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhckc897-q1 ge bhckc897-q2 - 2)

FRY9C 20150331 99991231 No Change HI-B Intraseries 0051 HI-B(I)1e2B BHCKC898

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)1e2B.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhckc898-q1 ge bhckc898-q2 - 2)

June 2021 FR Y-9C: EDIT-10 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HI-B Intraseries 0015 HI-B(I)1fA BHCKB512

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)1fA.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhckb512-q1 ge bhckb512-q2 - 2)

FRY9C 20150331 99991231 No Change HI-B Intraseries 0016 HI-B(I)1fB BHCKB513

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)1fB.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhckb513-q1 ge bhckb513-q2 - 2)

FRY9C 20150331 99991231 No Change HI-B Intraseries 0021 HI-B(I)3A BHCK4655

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)3A.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhck4655-q1 ge bhck4655-q2 - 2)

FRY9C 20150331 99991231 No Change HI-B Intraseries 0022 HI-B(I)3B BHCK4665

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)3B.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhck4665-q1 ge bhck4665-q2 - 2)

FRY9C 20150331 99991231 No Change HI-B Intraseries 0026 HI-B(I)4bB BHCK4618

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)4bB.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhck4618-q1 ge bhck4618-q2 - 2)

FRY9C 20150331 99991231 No Change HI-B Intraseries 0027 HI-B(I)5aA BHCKB514

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)5aA.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhckb514-q1 ge bhckb514-q2 - 2)

FRY9C 20150331 99991231 No Change HI-B Intraseries 0028 HI-B(I)5aB BHCKB515

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)5aB.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhckb515-q1 ge bhckb515-q2 - 2)

FRY9C 20150331 99991231 No Change HI-B Intraseries 0029 HI-B(I)5bA BHCKK129

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)5bA.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhckk129-q1 ge bhckk129-q2 - 2)

FRY9C 20150331 99991231 No Change HI-B Intraseries 0030 HI-B(I)5bB BHCKK133

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)5bB.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhckk133-q1 ge bhckk133-q2 - 2)

FRY9C 20191231 99991231 No Change HI Intraseries 5390 HI-Mem12a BHCK8431

If previous year June HC-12 is greater than or equal to $5 billion, 

then HI-Mem12a should be less than or equal to the sum of HI5d1, HI-5d2, HI-5d3, and HI-5d5 (+$10k).

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000) then bhck8431 le ((bhckc886 + bhckc888 + 

bhckc887 + bhckc387) + 10)

FRY9C 20191231 99991231 No Change HI Intraseries 1183 HI-Mem12a BHCK8431

If previous year June HC-12 is less than $5 billion, then HIMem12a should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhck8431 eq null

FRY9C 20191231 99991231 No Change HI Quality 1184

HIMem12b1 BHCKC242If previous year June HC-12 is less than $5 billion, then HIMem12b1 should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckc242 eq null

FRY9C 20150331 99991231 No Change HI-B Intraseries 0398 HI-B(I)5cA BHCKK205

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)5cA.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhckk205-q1 ge bhckk205-q2 - 2)

FRY9C 20150331 99991231 No Change HI-B Intraseries 0399 HI-B(I)5cB BHCKK206

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)5cB.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhckk206-q1 ge bhckk206-q2 - 2)

FRY9C 20150331 99991231 No Change HI Quality 5399

HIMem12b2 BHCKC243

If HI-Mem12c is greater than zero, then the sum of HIMem12b1and HI-Mem12b2 should be greater than zero and the 

sum of HI-Mem12b1and HI-Mem12b2 should not equal null.

if bhckb983 gt 0 then (bhckc242 + bhckc243) gt 0 and 

(bhckc242 + bhckc243) ne null

June 2021 FR Y-9C: EDIT-11 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20191231 99991231 No Change HI Quality 1186

HIMem12b2 BHCKC243If previous year June HC-12 is less than $5 billion, then HIMem12b2 should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckc243 eq null

FRY9C 20191231 99991231 No Change HI Quality 1187 HI-Mem12c BHCKB983

If previous year June HC-12 is less than $5 billion, then HI-Mem12c 

should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckb983 eq null

FRY9C 20150331 99991231 No Change HI-B Intraseries 0033 HI-B(I)7A BHCK4644

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)7A.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhck4644-q1 ge bhck4644-q2 - 2)

FRY9C 20150331 99991231 No Change HI Quality 5403 HI-Mem13 BHCKA530 If HC-F2 is greater than $500k, then HI-Mem13 should equal "0" 

(no) and HI-Mem13 should not equal null. if bhck2148 gt 500 then bhcka530 eq 0 and bhcka530 ne null

FRY9C 20150331 99991231 No Change HI Quality 9205 HI-Mem13 BHCKA530 HI-Mem13 should not be null and should not be negative. bhcka530 ne null and bhcka530 ge 0

FRY9C 20150331 99991231 No Change HI-B Intraseries 0034 HI-B(I)7B BHCK4628

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)7B.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhck4628-q1 ge bhck4628-q2 - 2)

FRY9C 20150331 99991231 No Change HI Quality 5420 HI-Mem15 BHCKC409 HI-Mem15 should be less than or equal to the sum of HC-24 and 

HC-25.

bhckc409 le (bhck3230 + bhck3240)

FRY9C 20150331 99991231 No Change HI-B Intraseries 0036 HI-B(I)8aB BHCKF187

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)8aB.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhckf187-q1 ge bhckf187-q2 - 2)

FRY9C 20191231 99991231 No Change HI Quality 1188 HI-Mem15 BHCKC409

If previous year June HC-12 is less than $5 billion, then HI-Mem15 

should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckc409 eq null

FRY9C 20191231 99991231 No Change HI Quality 1189 HI-Mem16 BHCKF228

For December, if previous year June HC-12 is less than $5 billion, 

and the sum of HC-CM6b and HC-CM6c is greater than zero, then 

HI-Mem16 should not be null.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) and (bhckf231 + 

bhckf232 gt 0) then bhckf228 ne null

FRY9C 20191231 99991231 No Change HI Quality 9206 HI-Mem16 BHCKF228

If previous year June HC-12 is greater than or equal to $5 billion, 

then HI-Mem16 should not be negative.

if (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000) then bhckf228 ge 0 or bhckf228 eq null

FRY9C 20191231 99991231 No Change HI Quality 1190 HI-Mem16 BHCKF228 For December, if previous year June HC-12 is less than $5 billion, 

then HI-Mem16 should not be negative.

if (mm-q1 eq 12 and bhck2170-q7 lt 5000000) then bhckf228 ge 

0 or bhckf228 eq null

FRY9C 20191231 99991231 No Change HI Quality 9206 HI-Mem17 BHCKJ321

If previous year June HC-12 is greater than or equal to $5 billion, 

then HI‐Mem17 should not be negative.

if (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000) then bhckj321 ge 0 or bhckj321 eq null

FRY9C 20191231 99991231 No Change HI Quality 1191 HI-Mem17 BHCKJ321

For June and December, if previous year June HC-12 is less than $5 

billion, then HI‐Mem17 should not be negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckj321 ge 0 or bhckj321 

eq null

FRY9C 20150331 99991231 No Change HI-A Quality 9210 HI-A1 BHCK3217 HI-A1 should not be null. bhck3217 ne null

FRY9C 20150331 99991231 No Change HI-B Intraseries 0037 HI-B(I)8bA BHCKC880

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)8bA.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhckc880-q1 ge bhckc880-q2 - 2)

FRY9C 20150331 99991231 No Change HI-A Quality 9210 HI-A2 BHCKB507 HI-A2 should not be null. bhckb507 ne null

FRY9C 20150331 99991231 No Change HI-B Intraseries 0038 HI-B(I)8bB BHCKF188

For June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)8bB.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhckf188-q1 ge bhckf188-q2 - 2)

FRY9C 20150331 99991231 No Change HI-A Quality 9210 HI-A3 BHCKB508 HI-A3 should not be null. bhckb508 ne null

FRY9C 20150331 99991231 No Change HI-A Quality 9210 HI-A4 BHCT4340 HI-A4 should not be null. bhct4340 ne null

June 2021 FR Y-9C: EDIT-12 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HI-B Intraseries 0039

HIB(I)Mem1A BHCK5409

For June, September and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)Mem1A.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhck5409-q1 ge bhck5409-q2 - 2)

FRY9C 20150331 99991231 No Change HI-A Quality 9210 HI-A5a BHCK3577 HI-A5a should not be null. bhck3577 ne null

FRY9C 20150331 99991231 No Change HI-A Quality 5465 HI-A5b BHCK3578 Sum of HI-A5a and HI-A5b should be less than or equal to HC-23. (bhck3577 + bhck3578) le bhck3283

FRY9C 20150331 99991231 No Change HI-B Intraseries 0040

HIB(I)Mem1B BHCK5410

For June, September and December, the current period 

should be greater than or equal to the previous period 

(minus $2k) for HI-B(I)Mem1B.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhck5410-q1 ge bhck5410-q2 - 2) 

FRY9C 20150331 99991231 No Change HI-A Quality 9210 HI-A5b BHCK3578 HI-A5b should not be null. bhck3578 ne null

FRY9C 20150331 99991231 No Change HI-B Intraseries 0042

HIB(I)Mem2B BHCK4662

For June, September and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)Mem2B.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

(bhck4662-q1 ge bhck4662-q2 - 2) 

FRY9C 20150331 99991231 No Change HI-A Quality 9210 HI-A6a BHCK3579 HI-A6a should not be null. bhck3579 ne null

FRY9C 20160930 99991231 No Change HI Intraseries 5148 HI-1f BHCK4020

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For June, 

September, and December, if HI-A9 (current) is equal to HI-A9 

(previous), then the current period should be greater than or 

equal to the previous period (minus $2k) for HI-1f.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if ((mm-q1 

eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and (bhck4356-q1 eq 

bhck4356-q2)) then (bhck4020-q1 ge bhck4020-q2 - 2)

FRY9C 20150331 99991231 No Change HI-A Quality 5475 HI-A6b BHCK3580 Sum of HI-A6a and HI-A6b should be less than or equal to the sum 

of HC-24 and HC-25. (bhck3579 + bhck3580) le (bhck3230 + bhck3240)

FRY9C 20150331 99991231 No Change HI-A Quality 9210 HI-A6b BHCK3580 HI-A6b should not be null. bhck3580 ne null

FRY9C 20150331 99991231 No Change HI-A Quality 9220 HI-A7 BHCK4782 HI-A7 should not be null and should not be negative. bhck4782 ne null and bhck4782 ge 0

FRY9C 20160930 99991231 No Change HI Intraseries 5152 HI-2a1c BHCK6761

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For June, 

September, and December, if HI-A9 (current) is equal to HI-A9 

(previous), then the current period should be greater than or 

equal to the previous period (minus $2k) for HI-2a1c.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if ((mm-q1 

eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and (bhck4356-q1 eq 

bhck4356-q2)) then (bhck6761-q1 ge bhck6761-q2 - 2)

FRY9C 20150331 99991231 No Change HI-A Quality 9220 HI-A8 BHCK4783 HI-A8 should not be null and should not be negative. bhck4783 ne null and bhck4783 ge 0

FRY9C 20160930 99991231 No Change HI Intraseries 5153 HI-2a2 BHCK4172

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For June, 

September, and December, if HI-A9 (current) is equal to HI-A9 

(previous), then the current period should be greater than or 

equal to the previous period (minus $2k) for HI-2a2.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if ((mm-q1 

eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and (bhck4356-q1 eq 

bhck4356-q2)) then (bhck4172-q1 ge bhck4172-q2 - 2)

FRY9C 20150331 99991231 No Change HI-A Quality 9230 HI-A9 BHCK4356 HI-A9 should not be null. bhck4356 ne null

FRY9C 20150331 99991231 No Change HI-A Quality 9240 HI-A10 BHCK4598 HI-A10 should not be null and should not be negative. bhck4598 ne null and bhck4598 ge 0

FRY9C 20150331 99991231 No Change HI-A Quality 9240 HI-A11 BHCK4460 HI-A11 should not be null and should not be negative. bhck4460 ne null and bhck4460 ge 0

FRY9C 20160930 99991231 No Change HI Intraseries 5154 HI-2b BHCK4180

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For June, 

September, and December, if HI-A9 (current) is equal to HI-A9 

(previous), then the current period should be greater than or 

equal to the previous period (minus $2k) for HI-2b.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if ((mm-q1 

eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and (bhck4356-q1 eq 

bhck4356-q2)) then (bhck4180-q1 ge bhck4180-q2 - 2)

FRY9C 20150331 99991231 No Change HI-A Quality 9250 HI-A12 BHCKB511 HI-A12 should not be null. bhckb511 ne null

FRY9C 20150331 99991231 No Change HI-A Quality 9250 HI-A13 BHCK4591 HI-A13 should not be null. bhck4591 ne null

FRY9C 20150331 99991231 No Change HI-A Quality 9250 HI-A14 BHCK3581 HI-A14 should not be null. bhck3581 ne null

FRY9C 20160930 99991231 No Change HI Intraseries 5159 HI-5b BHCK4483

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For June, 

September, and December, if HI-A9 (current) is equal to HI-A9 

(previous), then the current period should be greater than or 

equal to the previous period (minus $2k) for HI-5b.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if ((mm-q1 

eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and (bhck4356-q1 eq 

bhck4356-q2)) then (bhck4483-q1 ge bhck4483-q2 - 2)

FRY9C 20160930 99991231 No Change HI Intraseries 5250 HI-Mem5 BHCK4150

For June, September, and December, if HI-Mem5 (current) is 

greater than zero, and HI-7a (previous) is greater than zero, then 

HI-7a (current - previous) divided by HI-Mem5 (current) should be 

in the range of $4 - $50 thousand.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhck4150-q1 gt 0 and bhck4135-q2 gt 0) then ((bhck4135-q1 - 

bhck4135-q2) / bhck4150-q1) ge 4 and ((bhck4135-q1 - 

bhck4135-q2) / bhck4150-q1) le 50

June 2021 FR Y-9C: EDIT-13 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20170331 99991231 No Change HI Intraseries 5150 HI-2a1a BHCKHK03

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For June, 

September, and December, if HI-A9 (current) is equal to HI-A9 

(previous), then the current period should be greater than or 

equal to the previous period (minus $2k) for HI-2a1a.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if ((mm-q1 

eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and (bhck4356-q1 eq 

bhck4356-q2)) then (bhckhk03-q1 ge bhckhk03-q2 - 2)

FRY9C 20170331 99991231 No Change HI Intraseries 5151 HI-2a1b BHCKHK04

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For June, 

September, and December, if HI-A9 (current) is equal to HI-A9 

(previous), then the current period should be greater than or 

equal to the previous period (minus $2k) for HI-2a1b.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if ((mm-q1 

eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and (bhck4356-q1 eq 

bhck4356-q2)) then (bhckhk04-q1 ge bhckhk04-q2 - 2)

FRY9C 20190331 99991231 No Change HI-B Intraseries 5550 HI-B(II)1 BHCKB522

If HI-B(II)7A (previous December) is greater than zero, then HIB(II)1A (current) should equal HI-B(II)7A (previous December).

if (mm-q1 eq 03 and bhct3123-q2 gt 0) then (bhckb522-q1 eq 

bhct3123-q2) or if (mm-q1 eq 06 and bhct3123-q3 gt 0) then 

(bhckb522-q1 eq bhct3123-q3) or if (mm-q1 eq 09 and 

bhct3123-q4 gt 0) then (bhckb522-q1 eq bhct3123-q4) or if 

(mm-q1 eq 12 and bhct3123-q5 gt 0) then (bhckb522-q1 eq 

bhct3123-q5)

FRY9C 20191231 99991231 No Change HI Intraseries 1163 HI-Mem7p BHCK8567

For December, if previous year June HC-12 is less than $5 billion, 

and the sum of HI-Mem7a through HI-Mem7p (previous) is 

greater than zero, then the sum of HI-Mem7a through HI-Mem7p 

(current) should be greater than zero.

if (mm-q1 eq 12 and bhck2170-q7 ge 5000000) and (bhckc017-

q2 + bhck0497-q2 + bhck4136-q2 + bhckc018-q2 + bhck8403-q2 

+ bhck4141-q2 + bhck4146-q2 + bhckf556-q2 + bhckf557-q2 + 

bhckf558-q2 + bhckf559-q2 + bhcky923 -q2 + bhcky924-q2 + 

bhck8565-q2 + bhck8566-q2 + bhck8567-q2 ) gt 0 then 

((bhckc017-q1 + bhck0497-q1 + bhck4136-q1 + bhckc018-q1 + 

bhck8403-q1 + bhck4141-q1 + bhck4146-q1 + bhckf556-q1 + 

bhckf557-q1 + bhckf558-q1 + bhckf559-q1 + bhcky923-q1 + 

bhcky924-q1+ bhck8565-q1 + bhck8566-q1 + bhck8567-q1) gt 

0)

FRY9C 20191231 99991231 No Change HI Intraseries 5371 HI-Mem9e BHCKF186

If previous year June HC-12 is greater than or equal to $5 billion 

and HC-5 (for any quarter of the preceding calendar year) is 

greater than or equal to $10 million, and HI-5c(current) is not 

equal to zero, then the sum of HI-Mem9a through HI-Mem9e 

should not equal zero.

if (((mm-q1 eq 03 and bhck2170-q4 ge 5000000) and (bhck3545-

q2 ge 10000 or bhck3545-q3 ge 10000 or bhck3545-q4 ge 

10000 or bhck3545-q5 ge 10000)) or ((mm-q1 eq 06 and 

bhck2170-q5 ge 5000000) and (bhck3545-q3 ge 10000 or 

bhck3545-q4 ge 10000 or bhck3545-q5 ge 10000 or bhck3545-

q6 ge 10000)) or ((mm-q1 eq 09 and bhck2170-q6 ge 5000000) 

and (bhck3545-q4 ge 10000 or bhck3545-q5 ge 10000 or 

bhck3545-q6 ge 10000 or bhck3545-q7 ge 10000)) or ((mm-q1 

eq 12 and bhck2170-q7 ge 5000000) and (bhck3545-q5 ge 

10000 or bhck3545-q6 ge 10000 or bhck3545-q7 ge 10000 or 

bhck3545-q8 ge 10000))) and (bhcka220-q1 ne 0) then 

(bhck8757-q1 + bhck8758-q1 + bhck8759-q1 + bhck8760-q1 + 

bhckf186-q1) ne 0

FRY9C 20191231 99991231 No Change HI Intraseries 5395

HIMem12b2 BHCKC243

For June, September, and December, if previous year June HC-12 

is greater than or equal to $5 billion, the sum of HI-Mem12b1 and 

HI-Mem12b2 (current) should be greater than or equal to the sum 

of HI-Mem12b1 and HI-Mem12b2 (previous).

if (mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 

09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and 

bhck2170-q7 ge 5000000) then (bhckc242-q1 + bhckc243-q1) 

ge (bhckc242-q2 + bhckc243-q2)

FRY9C 20191231 99991231 No Change HI-B Intraseries 0023 HI-B(I)4aA BHCK4645

If previous year June HC-12 is greater than or equal to $5 billion, 

for June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)4aA.

if (mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 

09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and 

bhck2170-q7 ge 5000000) then (bhck4645-q1 ge bhck4645-q2 - 

2)

FRY9C 20191231 99991231 No Change HI-B Intraseries 0024 HI-B(I)4aB BHCK4617

If previous year June HC-12 is greater than or equal to $5 billion, 

for June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)4aB.

if (mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 

09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and 

bhck2170-q7 ge 5000000) then (bhck4617-q1 ge bhck4617-q2 - 

2)

June 2021 FR Y-9C: EDIT-14 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20191231 99991231 No Change HI-B Intraseries 0031 HI-B(I)6A BHCK4643

If previous year June HC-12 is greater than or equal to $5 billion, 

for June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)6A.

if (mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 

09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and 

bhck2170-q7 ge 5000000) then (bhck4643-q1 ge bhck4643-q2 - 

2)

FRY9C 20191231 99991231 No Change HI-B Intraseries 0032 HI-B(I)6B BHCK4627

If previous year June HC-12 is greater than or equal to $5 billion, 

for June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)6B.

if (mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 

09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and 

bhck2170-q7 ge 5000000) then (bhck4627-q1 ge bhck4627-q2 - 

2)

FRY9C 20191231 99991231 No Change HI-B Intraseries 0035 HI-B(I)8aA BHCKF185

If previous year June HC-12 is greater than or equal to $5 billion, 

for June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)8aA.

if (mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 

09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and 

bhck2170-q7 ge 5000000) then (bhckf185-q1 ge bhckf185-q2 - 

2)

FRY9C 20191231 99991231 No Change HI-B Intraseries 0041

HIB(I)Mem2A BHCK4652

If previous year June HC-12 is greater than or equal to $5 billion, 

for June, September and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)Mem2A.

if (mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 

09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and 

bhck2170-q7 ge 5000000) then (bhck4652-q1 ge bhck4652-q2 - 

2) 

FRY9C 20191231 99991231 No Change HI-B Intraseries 0043 HI-B(I)Mem3 BHCKC388

If previous year June HC-12 is greater than or equal to $5 billion, 

for June, September and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)Mem3.

if (mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 

09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and 

bhck2170-q7 ge 5000000) then (bhckc388-q1 ge bhckc388-q2 -

2)

FRY9C 20200331 99991231 No Change HI-B Intraseries 0025 HI-B(I)4bA BHCK4646

If previous year June HC-12 is greater than or equal to $5 billion, 

for June, September, and December, the current period should be 

greater than or equal to the previous period (minus $2k) for HIB(I)4bA.

if (mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 

09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and 

bhck2170-q7 ge 5000000) then (bhck4646-q1 ge bhck4646-q2 - 

2)

FRY9C 20200630 99991231 No Change HI Intraseries 5147 HI-1e BHCK4069

For June, September, and December, if previous year June HC-12 

is greater than or equal to $5 billion and if HI-A9 (current) is equal 

to HI-A9 (previous), then the current period should be greater 

than or equal to the previous period (minus $2k) for HI-1e.

if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 

09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and 

bhck2170-q7 ge 5000000)) and (bhck4356-q1 eq bhck4356-q2) 

then (bhck4069-q1 ge bhck4069-q2 - 2)

FRY9C 20200630 99991231 No Change HI Intraseries 5155 HI-2c BHCK4185

For June, September, and December, if previous year June HC-12 

is greater than or equal to $5 billion and if HI-A9 (current) is equal 

to HI-A9 (previous), then the current period should be greater 

than or equal to the previous period (minus $2k) for HI-2c.

if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 

09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and 

bhck2170-q7 ge 5000000)) and (bhck4356-q1 eq bhck4356-q2) 

then (bhck4185-q1 ge bhck4185-q2 - 2)

FRY9C 20200630 99991231 No Change HI Intraseries 5156 HI-2d BHCK4397

For June, September, and December, if previous year June HC-12 

is greater than or equal to $5 billion and HI-A9 (current) is equal to 

HI-A9 (previous), then the current period should be greater than 

or equal to the previous period (minus $2k) for HI-2d.

if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 

09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and 

bhck2170-q7 ge 5000000)) and (bhck4356-q1 eq bhck4356-q2) 

then (bhck4397-q1 ge bhck4397-q2 - 2)

FRY9C 20191231 99991231 No Change HI-B Quality 1192 HI-B(I)4aA BHCK4645

If previous year June HC-12 is less than $5 billion, HI-B(I)4aA, HIB(I)4aB, HI-B(I)4bA and HI-B(I)4bB should be NULL.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhck4645 eq null and bhck4617 eq null and bhck4646 eq 

null and bhck4618 eq null

FRY9C 20200630 99991231 No Change HI Intraseries 5160 HI-5d1 BHCKC886

For June, September, and December, if previous year June HC-12 

is greater than or equal to $5 billion, then if HI-A9 (current) is 

equal to HI-A9 (previous), then the current period should be 

greater than or equal to the previous period (minus $2k) for HIif ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 

09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and 

bhck2170-q7 ge 5000000)) and (bhck4356-q1 eq bhck4356-q2) 

then (bhckc886-q1 ge bhckc886-q2 - 2)

FRY9C 20200630 99991231 No Change HI Intraseries 5164 HI-5d5 BHCKC387

For June, September, and December, If previous year June HC-12 

is greater than or equal to $5 billion and if HI-A9 (current) is equal 

to HI-A9 (previous), then the current period should be greater 

than or equal to the previous period (minus $2k) for HI-5d5.

if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 

09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and 

bhck2170-q7 ge 5000000)) and (bhck4356-q1 eq bhck4356-q2) 

then (bhckc387-q1 ge bhckc387-q2 - 2)

June 2021 FR Y-9C: EDIT-15 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20200630 99991231 No Change HI Intraseries 5297 HI-Mem7p BHCK8567

For June, September, and December, if previous year June HC-12 

is greater than or equal to $5 billion, and the sum of HI-Mem7a 

through HI-Mem7p (previous) is greater than zero, then the sum 

of HI-Mem7a through HI-Mem7p (current) should be greater than 

zero.

if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 

09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and 

bhck2170-q7 ge 5000000) and (mm-q1 eq 06 or mm-q1 eq 09 

or mm-q1 eq 12)) and ((bhckc017-q2 + bhck0497-q2 + 

bhck4136-q2 + bhckc018-q2 + bhck8403-q2 + bhck4141-q2 + 

bhck4146-q2 + bhckf556-q2 + bhckf557-q2 + bhckf558-q2 + 

bhckf559-q2 + bhcky923 -q2 + bhcky924-q2 + bhck8565-q2 + 

bhck8566-q2 + bhck8567-q2 ) gt 0) then ((bhckc017-q1 + 

bhck0497-q1 + bhck4136-q1 + bhckc018-q1 + bhck8403-q1 + 

bhck4141-q1 + bhck4146-q1 + bhckf556-q1 + bhckf557-q1 + 

bhckf558-q1 + bhckf559-q1 + bhcky923-q1 + bhcky924-q1+ 

bhck8565-q1 + bhck8566-q1 + bhck8567-q1) gt 0)

FRY9C 20200630 99991231 No Change HI Intraseries 5372 HI-Mem9a BHCK8757

For June, September, and December, if previous year June HC-12 

is greater than or equal to $5 billion, and HI-Mem9a (previous) is 

not equal to zero, then HI-Mem9a (current) should not equal zero.

if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 

09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and 

bhck2170-q7 ge 5000000)) and (bhck8757-q2 ne 0) then 

(bhck8757-q1 ne 0)

FRY9C 20200630 99991231 No Change HI Intraseries 1175 HI-Mem9a BHCK8757

For June, September, and December, if previous year June HC-12 

is less than $5 billion, and HI-Mem9a (previous) is null, then HIMem9a (current) should equal null.

if ((mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-

q7 lt 5000000)) and (bhck8757-q2 eq null) then (bhck8757-q1 

eq null)

FRY9C 20200630 99991231 No Change HI Intraseries 5373 HI-Mem9b BHCK8758

For June, September, and December, if previous year June HC-12 

is greater than or equal to $5 billion, and HI-Mem9b (previous) is 

not equal to zero, then HI-Mem9b (current) should not equal zero.

if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 

09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and 

bhck2170-q7 ge 5000000)) and (bhck8758-q2 ne 0) then 

(bhck8758-q1 ne 0)

FRY9C 20200630 99991231 No Change HI Intraseries 1176 HI-Mem9b BHCK8758

For June, September, and December, if previous year June HC-12 

is less than $5 billion, and HI-Mem9b (previous) is null, then HIMem9b (current) should equal null.

if ((mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-

q7 lt 5000000)) and (bhck8758-q2 eq null) then (bhck8758-q1 

eq null)

FRY9C 20200630 99991231 No Change HI Intraseries 5375 HI-Mem9c BHCK8759

For June, September, and December, if previous year June HC-12 

is greater than or equal to $5 billion, and HI-Mem9c (previous) is 

not equal to zero, then HI-Mem9c (current) should not equal zero.

if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 

09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and 

bhck2170-q7 ge 5000000)) and (bhck8759-q2 ne 0) then 

(bhck8759-q1 ne 0)

FRY9C 20191231 99991231 No Change HI-B Quality 1194 HI-B(I)6A BHCK4643

If previous year June HC-12 is less than $5 billion, HI-B(I)6A and HIB(I)6B should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhck4643 eq null and bhck4627 eq null

FRY9C 20200630 99991231 No Change HI Intraseries 1177 HI-Mem9c BHCK8759

For June, September, and December, if previous year June HC-12 

is less than $5 billion, and HI-Mem9c (previous) is null, then HIMem9c (current) should equal null.

if ((mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-

q7 lt 5000000)) and (bhck8759-q2 eq null) then (bhck8759-q1 

eq null)

FRY9C 20200630 99991231 No Change HI Intraseries 5378 HI-Mem9d BHCK8760

For June, September, and December, if previous year June HC-12 

is greater than or equal to $5 billion, and HI-Mem9d (previous) is 

not equal to zero, then HI-Mem9d (current) should not equal zero.

if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 

09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and 

bhck2170-q7 ge 5000000)) and (bhck8760-q2 ne 0) then 

(bhck8760-q1 ne 0)

FRY9C 20200630 99991231 No Change HI Intraseries 5379 HI-Mem9e BHCKF186

For June, September, and December, if previous year June HC-12 

is greater than or equal to $5 billion, and HI-Mem9e (previous) is 

not equal to zero, then HI-Mem9e (current) should not equal zero.

if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 

09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and 

bhck2170-q7 ge 5000000)) and (bhckf186-q2 ne 0) then 

(bhckf186-q1 ne 0)

FRY9C 20200630 99991231 No Change HI Intraseries 1179 HI-Mem9e BHCKF186

For June, September, and December, if previous year June HC-12 

is less than $5 billion, and HI-Mem9e (previous) is null, then HIMem9e (current) should be null.

if ((mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-

q7 lt 5000000)) and (bhckf186-q2 eq null) then (bhckf186-q1 eq 

null)

June 2021 FR Y-9C: EDIT-16 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20191231 99991231 No Change HI-B Quality 1195 HI-B(I)8aA BHCKF185

If previous year June HC-12 is less than $5 billion, then HI-B(I)8aA 

through HI-B(I)8bB should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckf185 eq null and bhckf187 eq null and bhckc880 eq 

null and bhckf188 eq null

FRY9C 20200630 99991231 No Change HI Intraseries 8141 HI-Mem9f BHCKK090

For June, September, and December, if previous year June HC-12 

is greater than or equal to $5 billion, and current year HC-12 is 

greater than or equal to $100 billion, and HI-Mem9f (previous) is 

not equal to zero, then HI-Mem9f (current) should not equal zero.

if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 

09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and 

bhck2170-q7 ge 5000000)) and (bhck2170-q1 ge 100000000) 

and (bhckk090-q2 ne 0) then (bhckk090-q1 ne 0)

FRY9C 20200630 99991231 No Change HI Intraseries 0425 HI-Mem9g BHCKK094

For June, September, and December, if previous year June HC-12 

is greater than or equal to $5 billion, and current year HC-12 is 

greater than or equal to $100 billion, and HI-Mem9g (previous) is 

not equal to zero, then HI-Mem9g (current) should not equal zero.

if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 

09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and 

bhck2170-q7 ge 5000000)) and (bhck2170-q1 ge 100000000) 

and (bhckk094-q2 ne 0) then (bhckk094-q1 ne 0)

FRY9C 20200630 99991231 No Change HI Intraseries 1180 HI-Mem9g BHCKK094

For June, September, and December, if previous year June HC-12 

is less than $5 billion, and current year HC-12 is less than $100 

billion, and HI-Mem9g (previous) is null, then HI-Mem9g (current) 

should equal null.

if ((mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-

q7 lt 5000000)) and (bhck2170-q1 lt 100000000) and (bhckk094-

q2 eq null) then (bhckk094-q1 eq null)

FRY9C 20200630 99991231 No Change HI Intraseries 5381 HI-Mem11 BHCKA251

For June, September, and December, if previous year June HC-12 

is greater than or equal to $5 billion, and HI-Mem11 (previous) is 

greater than zero, then HI-Mem11 (current) should be greater 

than zero.

if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 

09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and 

bhck2170-q7 ge 5000000)) and (bhcka251-q2 gt 0) then 

(bhcka251-q1 gt 0)

FRY9C 20200630 99991231 No Change HI Intraseries 1181 HI-Mem11 BHCKA251

For June, September, and December, if previous year June HC-12 

is less than $5 billion, and HI-Mem11 (previous) is null, then HIMem11 (current) should equal null.

if ((mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-

q7 lt 5000000)) and (bhcka251-q2 eq null) then (bhcka251-q1 

eq null)

FRY9C 20200630 99991231 No Change HI-B Intraseries 5560

HIB(II)Mem1 BHCKC435

If previous year June HC-12 is greater than or equal to $5 billion, 

and HI-B(II)Mem1 (previous) is greater than zero, then HIB(II)Mem1 (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckc435-q2 gt 0 then bhckc435-q1 gt 0

FRY9C 20200331 99991231 No Change HI-B Quality 1197

HIB(I)Mem2A BHCK4652If previous year June HC-12 is less than $5 billion, then HIB(I)Mem2A and HI-B(I)Mem2B should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhck4652 eq null and bhck4662 eq null

FRY9C 20201231 99991231 No Change HI Intraseries 1178 HI-Mem9d BHCK8760

For June, September, and December, if previous year June HC-12 

is less than $5 billion, and HI-Mem9d (previous) is null, then HIMem9d (current) should be null.

if ((mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-

q7 lt 5000000)) and (bhck8760-q2 eq null) then (bhck8760-q1 

eq null)

FRY9C 20201231 99991231 No Change HI Intraseries 8142 HI-Mem9f BHCKK090

For June, September, and December, if previous year June HC-12 

is less than $5 billion, or current year HC-12 is less than $100 

billion, or HI-Mem9f (previous) is null, then HI-Mem9f (current) 

should equal null.

if ((mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-

q7 lt 5000000)) or (bhck2170-q1 lt 100000000) or (bhckk090-q2 

eq null) then (bhckk090-q1 eq null)

FRY9C 20191231 99991231 No Change HI-B Quality 1198 HI-B(I)Mem3 BHCKC388

If previous year June HC-12 is less than $5 billion, then HIB(I)Mem3 should be null. 

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckc388 eq null

FRY9C 20201231 99991231 No Change HI Intraseries 1185

HIMem12b2 BHCKC243

If previous year June HC-12 is less than $5 billion, then the sum of 

HI-Mem12b1 and HI-Mem12b2 (current) should be null and the 

sum of HI-Mem12b1 and HI-Mem12b2 (previous) should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then (bhckc242-q1 + bhckc243-q1) eq null and (bhckc242-q2 + 

bhckc243-q2) eq null

FRY9C 20190331 99991231 No Change HI-B Quality 9290 HI-B(II)6 BHCKC233 HI-B(II)6A should not be null. bhckc233 ne null

June 2021 FR Y-9C: EDIT-17 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20201231 99991231 No Change HI Intraseries 5421 HI-Mem15 BHCKC409

If previous year June HC-12 is greater than or equal to $5 billion 

and HI-Mem15 (previous) is greater than zero, then HI-Mem15 

(current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckc409-q2 gt 0 then bhckc409-q1 gt 0

FRY9C 20191231 99991231 No Change HI-B Quality 1199

HIB(II)Mem1 BHCKC435If previous year June HC-12 is less than $5 billion, then HIB(II)Mem1 through HI-B(II)Mem4 should be null. 

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckc435 eq null and bhckc389 eq null and bhckc781 eq 

null

FRY9C 20190331 99991231 No Change HI-B Quality 5565 HIB(II)Mem3 BHCKC390 Sum of HI-B(II)Mem1 and HI-B(II)Mem3 should be less than or 

equal to HI-B(II)7A. (bhckc435 + bhckc390) le bhct3123

FRY9C 20180630 99991231 No Change HI-B Quality 5569

HIB(II)Mem3 BHCKC390

If the sum of HC-C6aA and HC-S1C is greater than $500 million or 

[the sum of (HC-C6aA and HC-S1C) divided by the sum of (HCC12A and HC-S1C) is greater than 50% and the sum of (HC-C12A 

and HC-S1C) divided by the sum of (HC-12 and HC-S1C) is greater 

than 50%], then the sum of HI-B(I)Mem3, HI-B(II)Mem2 and HIB(II)Mem3 should be greater than zero.

if ((bhckb538 + bhckb707) gt 500000) or ((((bhckb538 + 

bhckb707) / (bhck2122 + bhckb707)) * 100 gt 50) and 

(((bhck2122 + bhckb707) / (bhck2170 + bhckb707)) * 100 gt 

50)) then (bhckc388 + bhckc389 + bhckc390) gt 0

FRY9C 20190331 99991231 No Change HI-B Quality 5570

HIB(II)Mem4 BHCKC781

For June and December reporting periods, if HI-B(II)Mem4 is not 

equal to zero, then the sum of HC-CM5a and HC-CM5b should not 

equal zero.

if (mm-q1 eq 06 or mm-q1 eq 12) and bhckc781 ne 0 then 

(bhckc779 + bhckc780) ne 0

FRY9C 20190331 99991231 No Change HI-B Quality 5571

HIB(II)Mem4 BHCKC781 HI-B(II)Mem4 should be less than or equal to HI-B(II)7A. bhckc781 le bhct3123

FRY9C 20190331 99991231 No Change HI-C Quality 7650 HI-C(I)1aA BHCKM708 If HI-C(I)1aB and HI-C(I)1aA are not equal to null, then HI-C(I)1aB 

should be less than or equal to HI-C(I)1aA.

if bhckm709 ne null and bhckm708 ne null then bhckm709 le 

bhckm708

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)1aA BHCKM708 HI-C(I)1aA should not be negative. bhckm708 ge 0 or bhckm708 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)1aB BHCKM709 HI-C(I)1aB should not be negative. bhckm709 ge 0 or bhckm709 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 7660 HI-C(I)1aC BHCKM710 HI-C(I)1aD should be less than or equal to 10 percent of HIC(I)1aC. bhckm711 le (.1 * bhckm710)

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)1aC BHCKM710 HI-C(I)1aC should not be negative. bhckm710 ge 0 or bhckm710 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 7665 HI-C(I)1aD BHCKM711 If HI-C(I)1aC is greater than or equal to $5 million, then HI-C(I)1aD 

should be greater than 0. if bhckm710 ge 5000 then bhckm711 gt 0

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)1aD BHCKM711 HI-C(I)1aD should not be negative. bhckm711 ge 0 or bhckm711 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 7670 HI-C(I)1aE BHCKM712 HI-C(I)1aF should be less than or equal to 20 percent of HI-C(I)1aE. bhckm713 le (.2 * bhckm712)

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)1aE BHCKM712 HI-C(I)1aE should not be negative. bhckm712 ge 0 or bhckm712 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)1aF BHCKM713 HI-C(I)1aF should not be negative. bhckm713 ge 0 or bhckm713 eq null

FRY9C 20190630 99991231 No Change HI-C Quality 7675 HI-C(I)1bA BHCKM714 If HI-C(I)1bB and HI-C(I)1bA are not equal to null, then HI-C(I)1bB 

should be less than or equal to HI-C(I)1bA.

if bhckm715 ne null and bhckm714 ne null then bhckm715 le 

bhckm714

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)1bA BHCKM714 HI-C(I)1bA should not be negative. bhckm714 ge 0 or bhckm714 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)1bB BHCKM715 HI-C(I)1bB should not be negative. bhckm715 ge 0 or bhckm715 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 7685 HI-C(I)1bC BHCKM716 HI-C(I)1bD should be less than or equal to 10 percent of HIC(I)1bC. bhckm717 le (.1 * bhckm716)

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)1bC BHCKM716 HI-C(I)1bC should not be negative. bhckm716 ge 0 or bhckm716 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 7690 HI-C(I)1bD BHCKM717 If HI-C(I)1bC is greater than or equal to $5 million, then HI-C(I)1bD 

should be greater than 0. if bhckm716 ge 5000 then bhckm717 gt 0

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)1bD BHCKM717 HI-C(I)1bD should not be negative. bhckm717 ge 0 or bhckm717 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 7695 HI-C(I)1bE BHCKM719 HI-C(I)1bF should be less than or equal to 20 percent of HI-C(I)1bE. bhckm720 le (.2 * bhckm719)

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)1bE BHCKM719 HI-C(I)1bE should not be negative. bhckm719 ge 0 or bhckm719 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)1bF BHCKM720 HI-C(I)1bF should not be negative. bhckm720 ge 0 or bhckm720 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 7700 HI-C(I)1cA BHCKM721 If HI-C(I)1cB and HI-C(I)1cA are not equal to null, then HI-C(I)1cB 

should be less than or equal to HI-C(I)1cA.

if bhckm722 ne null and bhckm721 ne null then bhckm722 le 

bhckm721

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)1cA BHCKM721 HI-C(I)1cA should not be negative. bhckm721 ge 0 or bhckm721 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)1cB BHCKM722 HI-C(I)1cB should not be negative. bhckm722 ge 0 or bhckm722 eq null

June 2021 FR Y-9C: EDIT-18 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20190331 99991231 No Change HI-C Quality 7705 HI-C(I)1cC BHCKM723 HI-C(I)1cD should be less than or equal to 10 percent of HIC(I)1cC. bhckm724 le (.1 * bhckm723)

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)1cC BHCKM723 HI-C(I)1cC should not be negative. bhckm723 ge 0 or bhckm723 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 7710 HI-C(I)1cD BHCKM724 If HI-C(I)1cC is greater than or equal to $5 million, then HI-C(I)1cD 

should be greater than 0. if bhckm723 ge 5000 then bhckm724 gt 0

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)1cD BHCKM724 HI-C(I)1cD should not be negative. bhckm724 ge 0 or bhckm724 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 7715 HI-C(I)1cE BHCKM725

HC-C1 should be greater than or equal to the sum of HI-C(I)1aA, HIC(I)1aC, HI-C(I)1aE, HI-C(I)1bA, HI-C(I)1bC, HI-C(I)1bE, HI-C(I)1cA, 

HI-C(I)1cC, and HI-C(I)1cE .

bhck1410 ge (bhckm708 + bhckm710 + bhckm712 + bhckm714 

+ bhckm716 + bhckm719 + bhckm721 + bhckm723 + 

bhckm725)

FRY9C 20190331 99991231 No Change HI-C Quality 7720 HI-C(I)1cE BHCKM725 HI-C(I)1cF should be less than or equal to 20 percent of HI-C(I)1cE. bhckm726 le (.2 * bhckm725)

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)1cE BHCKM725 HI-C(I)1cE should not be negative. bhckm725 ge 0 or bhckm725 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)1cF BHCKM726 HI-C(I)1cF should not be negative. bhckm726 ge 0 or bhckm726 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 7725 HI-C(I)2A BHCKM727 If HI-C(I)2B and HI-C(I)2A are not equal to null, then HI-C(I)2B 

should be less than or equal to HI-C(I)2A.

if bhckm728 ne null and bhckm727 ne null then bhckm728 le 

bhckm727

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)2A BHCKM727 HI-C(I)2A should not be negative. bhckm727 ge 0 or bhckm727 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)2B BHCKM728 HI-C(I)2B should not be negative. bhckm728 ge 0 or bhckm728 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 7730 HI-C(I)2C BHCKM729 HI-C(I)2D should be less than or equal to 10 percent of HI-C(I)2C. bhckm730 le (.1 * bhckm729)

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)2C BHCKM729 HI-C(I)2C should not be negative. bhckm729 ge 0 or bhckm729 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 7735 HI-C(I)2D BHCKM730 If HI-C(I)2C is greater than or equal to $5 million, then HI-C(I)2D 

should be greater than 0. if bhckm729 ge 5000 then bhckm730 gt 0

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)2D BHCKM730 HI-C(I)2D should not be negative. bhckm730 ge 0 or bhckm730 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 7745 HI-C(I)2E BHCKM731 HI-C(I)2F should be less than or equal to 20 percent of HI-C(I)2E. bhckm732 le (.2 * bhckm731)

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)2E BHCKM731 HI-C(I)2E should not be negative. bhckm731 ge 0 or bhckm731 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)2F BHCKM732 HI-C(I)2F should not be negative. bhckm732 ge 0 or bhckm732 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 7750 HI-C(I)3A BHCKM733 If HI-C(I)3B and HI-C(I)3A are not equal to null, then HI-C(I)3B 

should be less than or equal to HI-C(I)3A.

if bhckm734 ne null and bhckm733 ne null then bhckm734 le 

bhckm733

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)3A BHCKM733 HI-C(I)3A should not be negative. bhckm733 ge 0 or bhckm733 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)3B BHCKM734 HI-C(I)3B should not be negative. bhckm734 ge 0 or bhckm734 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 7755 HI-C(I)3C BHCKM735 HI-C(I)3D should be less than or equal to 10 percent of HI-C(I)3C. bhckm736 le (.1 * bhckm735)

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)3C BHCKM735 HI-C(I)3C should not be negative. bhckm735 ge 0 or bhckm735 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 7760 HI-C(I)3D BHCKM736 If HI-C(I)3C is greater than or equal to $5 million, then HI-C(I)3D 

should be greater than 0. if bhckm735 ge 5000 then bhckm736 gt 0

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)3D BHCKM736 HI-C(I)3D should not be negative. bhckm736 ge 0 or bhckm736 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 7765 HI-C(I)3E BHCKM737 HC-C6aA should be greater than or equal to the sum of HI-C(I)3A, 

HI-C(I)3C, and HI-C(I)3E. bhckb538 ge (bhckm733 + bhckm735 + bhckm737)

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)3E BHCKM737 HI-C(I)3E should not be negative. bhckm737 ge 0 or bhckm737 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)3F BHCKM738 HI-C(I)3F should not be negative. bhckm738 ge 0 or bhckm738 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 7775 HI-C(I)4A BHCKM739 If HI-C(I)4B and HI-C(I)4A are not equal to null, then HI-C(I)4B 

should be less than or equal to HI-C(I)4A.

if bhckm740 ne null and bhckm739 ne null then bhckm740 le 

bhckm739

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)4A BHCKM739 HI-C(I)4A should not be negative. bhckm739 ge 0 or bhckm739 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)4B BHCKM740 HI-C(I)4B should not be negative. bhckm740 ge 0 or bhckm740 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 7780 HI-C(I)4C BHCKM741 HI-C(I)4D should be less than or equal to 10 percent of HI-C(I)4C. bhckm742 le (.1 * bhckm741)

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)4C BHCKM741 HI-C(I)4C should not be negative. bhckm741 ge 0 or bhckm741 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)4D BHCKM742 HI-C(I)4D should not be negative. bhckm742 ge 0 or bhckm742 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 7795 HI-C(I)4E BHCKM743 HI-C(I)4F should be less than or equal to 20 percent of HI-C(I)4E. bhckm744 le (.2 * bhckm743)

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)4E BHCKM743 HI-C(I)4E should not be negative. bhckm743 ge 0 or bhckm743 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)4F BHCKM744 HI-C(I)4F should not be negative. bhckm744 ge 0 or bhckm744 eq null

FRY9C 20190331 99991231 No Change HI-C Quality 9325 HI-C(I)5D BHCKM745 HI-C(I)5D should not be negative. bhckm745 ge 0 or bhckm745 eq null

June 2021 FR Y-9C: EDIT-19 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20201231 99991231 No Change HI-C(II) Quality 7802 HI-C(II)6A BHCKJJ11

If previous year June HC-12 is greater than $5 billion and HI-C(I) is 

left blank, then HI-C(II)6A, 6B, and 11 should not be left blank.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and (bhckm746 + bhckm747 + bhckm748 + 

bhckm749 + bhckm750 + bhckm751) eq null, then (bhckjj11 + 

bhckjj19 + bhckjj25) ne null

FRY9C 20200630 99991231 No Change HI-B Quality 1200 HI-C(II)6B BHCKJJ19

Schedule HI-C Part (II), Total sum for Allowable Balance for Loans 

and Leases held for Investment in column B, item 6B, must equal 

Loans and Lease Financing Receivables: LESS: Allowance for Loan 

and Lease Losses, Schedule HC, item 4c. 

if bhckjj19 ne null then bhckjj19 eq bhck3123

FRY9C 20150331 99991231 No Change NIS-P Quality 9330 NIS-P1 BHBC4107 NIS-P1 should not be negative. bhbc4107 ge 0 or bhbc4107 eq null

FRY9C 20150331 99991231 No Change NIS-P Quality 9330 NIS-P1a BHBC4094 NIS-P1a should not be negative. bhbc4094 ge 0 or bhbc4094 eq null

FRY9C 20150331 99991231 No Change NIS-P Quality 5574 NIS-P1b BHBC4218 Sum of NIS-P1a and NIS-P1b should be less than or equal to NISP1.(bhbc4094 + bhbc4218) le bhbc4107

FRY9C 20150331 99991231 No Change NIS-P Quality 9330 NIS-P1b BHBC4218 NIS-P1b should not be negative. bhbc4218 ge 0 or bhbc4218 eq null

FRY9C 20150331 99991231 No Change NIS-P Quality 9330 NIS-P2 BHBC4073 NIS-P2 should not be negative. bhbc4073 ge 0 or bhbc4073 eq null

FRY9C 20160930 99991231 No Change NIS-P Quality 5579 NIS-P2a BHBC4421 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, NIS-P2a should 

be less than or equal to NIS-P2.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhbc4421 le 

bhbc4073

FRY9C 20160930 99991231 No Change NIS-P Quality 9330 NIS-P2a BHBC4421 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, NIS-P2a should 

not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhbc4421 ge 

0 or bhbc4421 eq null

FRY9C 20150331 99991231 No Change NIS-P Quality 5584 NIS-P3 BHBC4074 NIS-P1 minus NIS-P2 should equal NIS-P3. (bhbc4107 - bhbc4073) eq bhbc4074

FRY9C 20150331 99991231 No Change NIS-P Quality 9330 NIS-P5 BHBC4079 NIS-P5 should not be negative. bhbc4079 ge 0 or bhbc4079 eq null

FRY9C 20150331 99991231 No Change NIS-P Quality 9330 NIS-P5a BHBC4070 NIS-P5a should not be negative. bhbc4070 ge 0 or bhbc4070 eq null

FRY9C 20150331 99991231 No Change NIS-P Quality 9330 NIS-P5b BHBCA220 NIS-P5b should not be negative. bhbca220 ge 0 or bhbca220 eq null

FRY9C 20150331 99991231 No Change NIS-P Quality 5589 NIS-P5f BHBCB494 Sum of NIS-P5a through NIS-P5f should be less than or equal to 

NIS-P5.

(bhbc4070 + bhbca220 + bhbcb490 + bhbcb491 + bhbcb493 + 

bhbcb494) le bhbc4079

FRY9C 20150331 99991231 No Change NIS-P Quality 9330 NIS-P7 BHBC4093 NIS-P7 should not be negative. bhbc4093 ge 0 or bhbc4093 eq null

FRY9C 20150331 99991231 No Change NIS-P Quality 9330 NIS-P7a BHBC4135 NIS-P7a should not be negative. bhbc4135 ge 0 or bhbc4135 eq null

FRY9C 20150331 99991231 No Change NIS-P Quality 5594 NIS-P7b BHBCC216 Sum of NIS-P7a and NIS-P7b should be less than or equal to NISP7.(bhbc4135 + bhbcc216) le bhbc4093

FRY9C 20160930 99991231 No Change NIS-P Quality 5604 NIS-P12 BHCKFT41 NIS-P8 minus the sum of NIS-P9 through NIS-P11 should equal NISP12.bhbc4301 - (bhbc4302 + bhbc4484 + bhckft41) eq bhbc4340

FRY9C 20150331 99991231 No Change NIS-P Quality 9330 NIS-P13 BHBC4475 NIS-P13 should not be negative. bhbc4475 ge 0 or bhbc4475 eq null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 0398 IN1 BHCK5351

If financial data is not equal to null or zero, then text data should 

not be null. if bhck5351 ne null and bhck5351 ne 0 then text5351 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 0399 IN1TX TEXT5351

If text data is not equal to null, then financial data should not 

equal null or zero. if text5351 ne null then bhck5351 ne null and bhck5351 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5622 IN2 BHCK5352

If financial data is not equal to null or zero, then text data should 

not be null. if bhck5352 ne null and bhck5352 ne 0 then text5352 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5623 IN2TX TEXT5352

If text data is not equal to null, then financial data should not 

equal null or zero. if text5352 ne null then bhck5352 ne null and bhck5352 ne 0

June 2021 FR Y-9C: EDIT-20 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5624 IN3 BHCK5353

If financial data is not equal to null or zero, then text data should 

not be null. if bhck5353 ne null and bhck5353 ne 0 then text5353 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5625 IN3TX TEXT5353

If text data is not equal to null, then financial data should not 

equal null or zero. if text5353 ne null then bhck5353 ne null and bhck5353 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5626 IN4 BHCK5354

If financial data is not equal to null or zero, then text data should 

not be null. if bhck5354 ne null and bhck5354 ne 0 then text5354 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5627 IN4TX TEXT5354

If text data is not equal to null, then financial data should not 

equal null or zero. if text5354 ne null then bhck5354 ne null and bhck5354 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5628 IN5 BHCK5355

If financial data is not equal to null or zero, then text data should 

not be null. if bhck5355 ne null and bhck5355 ne 0 then text5355 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5629 IN5TX TEXT5355

If text data is not equal to null, then financial data should not 

equal null or zero. if text5355 ne null then bhck5355 ne null and bhck5355 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5630 IN6 BHCKB042

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb042 ne null and bhckb042 ne 0 then textb042 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5631 IN6TX TEXTB042

If text data is not equal to null, then financial data should not 

equal null or zero. if textb042 ne null then bhckb042 ne null and bhckb042 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5632 IN7 BHCKB043

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb043 ne null and bhckb043 ne 0 then textb043 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5633 IN7TX TEXTB043

If text data is not equal to null, then financial data should not 

equal null or zero. if textb043 ne null then bhckb043 ne null and bhckb043 ne 0

June 2021 FR Y-9C: EDIT-21 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5634 IN8 BHCKB044

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb044 ne null and bhckb044 ne 0 then textb044 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5635 IN8TX TEXTB044

If text data is not equal to null, then financial data should not 

equal null or zero. if textb044 ne null then bhckb044 ne null and bhckb044 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5636 IN9 BHCKB045

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb045 ne null and bhckb045 ne 0 then textb045 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5637 IN9TX TEXTB045

If text data is not equal to null, then financial data should not 

equal null or zero. if textb045 ne null then bhckb045 ne null and bhckb045 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5638 IN10 BHCKB046

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb046 ne null and bhckb046 ne 0 then textb046 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5639 IN10TX TEXTB046

If text data is not equal to null, then financial data should not 

equal null or zero. if textb046 ne null then bhckb046 ne null and bhckb046 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5640 IN11 BHCKB047

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb047 ne null and bhckb047 ne 0 then textb047 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5641 IN11TX TEXTB047

If text data is not equal to null, then financial data should not 

equal null or zero. if textb047 ne null then bhckb047 ne null and bhckb047 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5642 IN12 BHCKB048

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb048 ne null and bhckb048 ne 0 then textb048 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5643 IN12TX TEXTB048

If text data is not equal to null, then financial data should not 

equal null or zero. if textb048 ne null then bhckb048 ne null and bhckb048 ne 0

June 2021 FR Y-9C: EDIT-22 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5644 IN13 BHCKB049

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb049 ne null and bhckb049 ne 0 then textb049 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5645 IN13TX TEXTB049

If text data is not equal to null, then financial data should not 

equal null or zero. if textb049 ne null then bhckb049 ne null and bhckb049 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5646 IN14 BHCKB050

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb050 ne null and bhckb050 ne 0 then textb050 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5647 IN14TX TEXTB050

If text data is not equal to null, then financial data should not 

equal null or zero. if textb050 ne null then bhckb050 ne null and bhckb050 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5648 IN15 BHCKB051

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb051 ne null and bhckb051 ne 0 then textb051 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5649 IN15TX TEXTB051

If text data is not equal to null, then financial data should not 

equal null or zero. if textb051 ne null then bhckb051 ne null and bhckb051 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5650 IN16 BHCKB052

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb052 ne null and bhckb052 ne 0 then textb052 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5651 IN16TX TEXTB052

If text data is not equal to null, then financial data should not 

equal null or zero. if textb052 ne null then bhckb052 ne null and bhckb052 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5652 IN17 BHCKB053

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb053 ne null and bhckb053 ne 0 then textb053 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5653 IN17TX TEXTB053

If text data is not equal to null, then financial data should not 

equal null or zero. if textb053 ne null then bhckb053 ne null and bhckb053 ne 0

June 2021 FR Y-9C: EDIT-23 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5654 IN18 BHCKB054

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb054 ne null and bhckb054 ne 0 then textb054 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5655 IN18TX TEXTB054

If text data is not equal to null, then financial data should not 

equal null or zero. if textb054 ne null then bhckb054 ne null and bhckb054 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5656 IN19 BHCKB055

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb055 ne null and bhckb055 ne 0 then textb055 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5657 IN19TX TEXTB055

If text data is not equal to null, then financial data should not 

equal null or zero. if textb055 ne null then bhckb055 ne null and bhckb055 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5658 IN20 BHCKB056

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb056 ne null and bhckb056 ne 0 then textb056 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Income 

Statemen

t - Other

Quality 5659 IN20TX TEXTB056

If text data is not equal to null, then financial data should not 

equal null or zero. if textb056 ne null then bhckb056 ne null and bhckb056 ne 0

FRY9C 20150331 99991231 No Change HC Quality 9340 HC-1a BHCK0081 HC-1a should not be null and should not be negative. bhck0081 ne null and bhck0081 ge 0

FRY9C 20150331 99991231 No Change HC Quality 9340 HC-1b1 BHCK0395 HC-1b1 should not be null and should not be negative. bhck0395 ne null and bhck0395 ge 0

FRY9C 20190630 99991231 No Change HC Quality 9340 HC-2a BHCKJJ34 HC-2a should not be null and should not be negative. bhckJJ34 ne null and bhckJJ34 ge 0

FRY9C 20150331 99991231 No Change HC Quality 9340 HC-2b BHCK1773 HC-2b should not be null and should not be negative. bhck1773 ne null and bhck1773 ge 0

FRY9C 20160930 99991231 No Change HC Quality 9340 HC-3a BHDMB987 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs,HC-3a should 

not be null and should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs,bhdmb987 

ne null and bhdmb987 ge 0

FRY9C 20150331 99991231 No Change HC Quality 9340 HC-3b BHCKB989 HC-3b should not be null and should not be negative. bhckb989 ne null and bhckb989 ge 0

FRY9C 20150331 99991231 No Change HC Intraseries 5710 HC-4a BHCK5369 If HC-4a (previous) is greater than $5 million, then HC-4a(current) 

should be greater than zero. if bhck5369-q2 gt 5000 then bhck5369-q1 gt 0

FRY9C 20150331 99991231 No Change HC Quality 9340 HC-4a BHCK5369 HC-4a should not be null and should not be negative. bhck5369 ne null and bhck5369 ge 0

FRY9C 20150331 99991231 No Change HC Quality 9340 HC-4b BHCKB528 HC-4b should not be null and should not be negative. bhckb528 ne null and bhckb528 ge 0

FRY9C 20150331 99991231 No Change HC Quality 9340 HC-4c BHCK3123 HC-4c should not be null and should not be negative. bhck3123 ne null and bhck3123 ge 0

FRY9C 20150331 99991231 No Change HC Quality 9340 HC-4d BHCKB529 HC-4d should not be null and should not be negative. bhckb529 ne null and bhckb529 ge 0

FRY9C 20150331 99991231 No Change HC Quality 0426 HC-5 BHCK3545

If the sum of HC-L14a1A through HC-L14a1D minus the sum of HCL14a2A through HC-L14a2D is greater than $1 million, then HC-5 

should be greater than zero.

if ((bhck8733 + bhck8734 + bhck8735 + bhck8736) - (bhck8737 

+ bhck8738 + bhck8739 + bhck8740)) gt 1000 then bhck3545 gt 

0

FRY9C 20150331 99991231 No Change HC Quality 9340 HC-5 BHCK3545 HC-5 should not be null and should not be negative. bhck3545 ne null and bhck3545 ge 0

FRY9C 20150331 99991231 No Change HC Quality 5715 HC-6 BHCK2145 HC-6 should be greater than zero. bhck2145 gt 0

FRY9C 20150331 99991231 No Change HC Quality 9340 HC-6 BHCK2145 HC-6 should not be null and should not be negative. bhck2145 ne null and bhck2145 ge 0

FRY9C 20150331 99991231 No Change HC Quality 9340 HC-7 BHCK2150 HC-7 should not be null and should not be negative. bhck2150 ne null and bhck2150 ge 0

FRY9C 20150331 99991231 No Change HC Quality 9350 HC-8 BHCK2130 HC-8 should not be null. bhck2130 ne null

June 2021 FR Y-9C: EDIT-24 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20180630 99991231 No Change HC Intraseries 5727 HC-M12b BHCK3163 For March, HI-7c1 should be less than or equal to HC-M12b 

(previous). (+$10k) if (mm-q1 eq 03) then (bhckc216-q1 le bhck3163-q2 + 10)

FRY9C 20180630 99991231 No Change HC Intraseries 5728 HC-M12b BHCK3163

For June, September, and December, HI-7c1 (current minus 

previous) should be less than or equal to HC-M12b (previous). 

(+$10k)

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) then 

((bhckc216-q1 - bhckc216-q2) le bhck3163-q2 + 10)

FRY9C 20180630 99991231 No Change HC Quality 9360 HC-M12b BHCK3163 HC-M12b should not be null and should not be negative. bhck3163 ne null and bhck3163 ge 0

FRY9C 20150331 99991231 No Change HC Quality 9360 HC-11 BHCK2160 HC-11 should not be null and should not be negative. bhck2160 ne null and bhck2160 ge 0

FRY9C 20150331 99991231 No Change HC Intraseries 5745 HC-12 BHCK2170 HC-12 (current) should not equal HC-12 (previous). bhck2170-q1 ne bhck2170-q2

FRY9C 20150331 99991231 No Change HC-M Quality 6560 HC-12 BHCK2170 if HC-12 is greater than or equal to $30 billion, then HC-M22 

should not be null. if bhck2170 ge 30000000 then textc497 ne null

FRY9C 20160930 99991231 No Change HC Quality 9360 HC-13a1 BHDM6631 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-13a1 

should not be null and should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhdm6631 

ne null and bhdm6631 ge 0

FRY9C 20160930 99991231 No Change HC Quality 9360 HC-13a2 BHDM6636 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-13a2 

should not be null and should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhdm6636 

ne null and bhdm6636 ge 0

FRY9C 20160930 99991231 No Change HC Quality 9370 HC-13b1 BHFN6631 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-13b1 

should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhfn6631 ge 

0 or bhfn6631 eq null

FRY9C 20160930 99991231 No Change HC Quality 5750 HC-13b2 BHFN6636 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, If HI-2a2 is 

greater than $10k, then HC-13b2 should be greater than zero.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if bhck4172 

gt 10 then bhfn6636 gt 0

FRY9C 20150331 99991231 No Change HC Quality 9370 HC-13b2 BHFN6636 HC-13b2 should not be negative. bhfn6636 ge 0 or bhfn6636 eq null

FRY9C 20160930 99991231 No Change HC Quality 9380 HC-14a BHDMB993 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-14a should 

not be null and should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhdmb993 

ne null and bhdmb993 ge 0

FRY9C 20150331 99991231 No Change HC Quality 9380 HC-14b BHCKB995 HC-14b should not be null and should not be negative. bhckb995 ne null and bhckb995 ge 0

FRY9C 20150331 99991231 No Change HC Quality 0427 HC-15 BHCK3548

If the sum of HC-L14a2A through HC-L14a2D minus the sum of HCL14a1A through HC-L14a1D is greater than $1 million, then HC-15 

should be greater than zero.

if ((bhck8737 + bhck8738 + bhck8739 + bhck8740) - (bhck8733 

+ bhck8734 + bhck8735 + bhck8736)) gt 1000 then bhck3548 gt 

0

FRY9C 20150331 99991231 No Change HC Quality 9380 HC-15 BHCK3548 HC-15 should not be null and should not be negative. bhck3548 ne null and bhck3548 ge 0

FRY9C 20150331 99991231 No Change HC Quality 9380 HC-16 BHCK3190 HC-16 should not be null and should not be negative. bhck3190 ne null and bhck3190 ge 0

FRY9C 20200630 99991231 No Change HC Intraseries 5775 HC-19a BHCK4062

For June, September and December, if previous year June HC-12 is 

greater than or equal to $5 billion and HI-2d (current minus 

previous) is greater than $10k, then HC-19a (current) should be 

greater than zero.

if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 

09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and 

bhck2170-q7 ge 5000000)) and (bhck4397-q1 - bhck4397-q2) gt 

10 then bhck4062-q1 gt 0

FRY9C 20150331 99991231 No Change HC Quality 9380 HC-19a BHCK4062 HC-19a should not be null and should not be negative. bhck4062 ne null and bhck4062 ge 0

FRY9C 20150331 99991231 No Change HC Quality 9380 HC-19b BHCKC699 HC-19b should not be null and should not be negative. bhckc699 ne null and bhckc699 ge 0

FRY9C 20150331 99991231 No Change HC Quality 9380 HC-20 BHCK2750 HC-20 should not be null and should not be negative. bhck2750 ne null and bhck2750 ge 0

FRY9C 20150331 99991231 No Change HC Quality 9380 HC-21 BHCK2948 HC-21 should not be null and should not be negative. bhck2948 ne null and bhck2948 ge 0

FRY9C 20150331 99991231 No Change HC Quality 9380 HC-23 BHCK3283 HC-23 should not be null and should not be negative. bhck3283 ne null and bhck3283 ge 0

FRY9C 20150331 99991231 No Change HC Intraseries 5783 HC-24 BHCK3230 If HC-24(previous) is greater than zero, then HC-24(current) 

should be greater than zero. if bhck3230-q2 gt 0 then bhck3230-q1 gt 0

FRY9C 20150331 99991231 No Change HC Quality 9380 HC-24 BHCK3230 HC-24 should not be null and should not be negative. bhck3230 ne null and bhck3230 ge 0

FRY9C 20150331 99991231 No Change HC Quality 5784 HC-25 BHCK3240 If HI-A11 is greater than zero, then the sum of HC-24 and HC-25 

should be greater than zero. if bhck4460 gt 0 then (bhck3230 + bhck3240) gt 0

FRY9C 20150331 99991231 No Change HC Quality 9380 HC-25 BHCK3240 HC-25 should not be null and should not be negative. bhck3240 ne null and bhck3240 ge 0

FRY9C 20150331 99991231 No Change HC Quality 9390 HC-26a BHCK3247 HC-26a should not be null. bhck3247 ne null

FRY9C 20150331 99991231 No Change HC Intraseries 5786 HC-26b BHCKB530

For March, if HI-A9 (current) is equal to zero, then HC-26b 

(current minus previous) should equal HI-A12(current) (+/- 10k).

if (mm-q1 eq 03 and bhck4356 eq 0) then ((bhckb530-q1- 

bhckb530-q2) ge bhckb511-q1-10) and ((bhckb530-q1- 

bhckb530-q2) le bhckb511-q1+10)

FRY9C 20150331 99991231 No Change HC Intraseries 5787 HC-26b BHCKB530

For June, September, and December, if HI-A9 (current) is equal to 

HI-A9 (previous), then HC-26b (current minus previous) should 

equal HI-A12 (current minus previous) +/- 10k.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhck4356-q1 eq bhck4356-q2) then (bhckb530-q1 - bhckb530-

q2) ge (bhckb511-q1 - bhckb511-q2 -10) and (bhckb530-q1 - 

bhckb530-q2) le (bhckb511-q1 - bhckb511-q2 +10)

June 2021 FR Y-9C: EDIT-25 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC Quality 9390 HC-26b BHCKB530 HC-26b should not be null. bhckb530 ne null

FRY9C 20160930 99991231 No Change HC Quality 5788 HC-26b BHCKB530

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, The absolute value 

of HC-R(I)3 should be greater than or equal to 20 percent of the 

absolute value of HC-26b.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

abs(bhcab530) ge (.2 * abs(bhckb530))

FRY9C 20160930 99991231 No Change HC Quality 5789 HC-26b BHCKB530

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, The absolute value 

of HC-R(I)3 should be less than or equal to the absolute value of 

HC-26b.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

abs(bhcab530) le abs(bhckb530)

FRY9C 20150331 99991231 No Change HC Quality 5792 HC-26c BHCKA130 HC-26c should be less than or equal to zero. bhcka130 le 0

FRY9C 20150331 99991231 No Change HC Quality 9390 HC-27a BHCK3210 HC-27a should not be null. bhck3210 ne null

FRY9C 20150331 99991231 No Change HC Intraseries 5780 HC-27b BHCK3000

If HC-27b (previous) is greater than zero, then HC-27b (current) 

should be greater than zero. if bhck3000-q2 gt 0 then bhck3000-q1 gt 0

FRY9C 20150331 99991231 No Change HC Quality 9380 HC-27b BHCK3000 HC-27b should not be null and should not be negative. bhck3000 ne null and bhck3000 ge 0

FRY9C 20150331 99991231 No Change HC Intraseries 5798 HC-Mem1 BHCKC884

For December, if HC-Mem1 (previous December) is equal to "1" 

(yes), then HC-Mem1 (current) should be equal "1" (yes) and HCMem1 should not be null.

if (mm-q1 eq 12 and (bhckc884-q5 eq 1)) then (bhckc884-q1 eq 

1) and bhckc884 ne null

FRY9C 20150331 99991231 No Change HC Quality 5799 HCMem2a(1) TEXTC703 If HC-Mem2a(1) is not null then HC-Mem2a(2), HC-Mem2a(3), HCMem2a(4), HC-Mem2b(1), and HC-Mem2b(2) should not be null.

if (textc703 ne null) then (textc708 ne null and textc714 ne null 

and textc715 ne null and textc704 ne null and textc705 ne null)

FRY9C 20150331 99991231 No Change HC Quality 5801 HCMem2a(2) TEXTC708 If HC-Mem2a(2) is not null then HC-Mem2a(1), HC-Mem2a(3), HCMem2a(4), HC-Mem2b(1), and HC-Mem2b(2) should not be null.

if (textc708 ne null) then (textc703 ne null and textc714 ne null 

and textc715 ne null and textc704 ne null and textc705 ne null)

FRY9C 20150331 99991231 No Change HC Quality 5802 HCMem2a(3) TEXTC714 If HC-Mem2a(3) is not null then HC-Mem2a(1), HC-Mem2a(2), HCMem2a(4), HC-Mem2b(1), and HC-Mem2b(2) should not be null.

if (textc714 ne null) then (textc703 ne null and textc708 ne null 

and textc715 ne null and textc704 ne null and textc705 ne null)

FRY9C 20150331 99991231 No Change HC Quality 5803 HCMem2a(4) TEXTC715 If HC-Mem2a(4) is not null then HC-Mem2a(1), HC-Mem2a(2), HCMem2a(3), HC-Mem2b(1), and HC-Mem2b(2) should not be null.

if (textc715 ne null) then (textc703 ne null and textc708 ne null 

and textc714 ne null and textc704 ne null and textc705 ne null)

FRY9C 20150331 99991231 No Change HC Quality 5804 HCMem2b(1) TEXTC704 If HC-Mem2b(1) is not null then HC-Mem2a(1), HC-Mem2a(2), HCMem2a(3), HC-Mem2a(4), and HC-Mem2b(2) should not be null.

if (textc704 ne null) then (textc703 ne null and textc708 ne null 

and textc714 ne null and textc715 ne null and textc705 ne null)

FRY9C 20150331 99991231 No Change HC Quality 5806 HCMem2b(2) TEXTC705 If HC-Mem2b(2) is not null then HC-Mem2a(1), HC-Mem2a(2), HCMem2a(3), HC-Mem2a(4), and HC-Mem2b(1) should not be null.

if (textc705 ne null) then (textc703 ne null and textc708 ne null 

and textc714 ne null and textc715 ne null and textc704 ne null)

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B1A BHCK0211 HC-B1A should not be null and should not be negative. bhck0211 ne null and bhck0211 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B1B BHCK0213 HC-B1B should not be null and should not be negative. bhck0213 ne null and bhck0213 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B1C BHCK1286 HC-B1C should not be null and should not be negative. bhck1286 ne null and bhck1286 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B1D BHCK1287 HC-B1D should not be null and should not be negative. bhck1287 ne null and bhck1287 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B3A BHCK8496 HC-B3A should not be null and should not be negative. bhck8496 ne null and bhck8496 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B3B BHCK8497 HC-B3B should not be null and should not be negative. bhck8497 ne null and bhck8497 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B3C BHCK8498 HC-B3C should not be null and should not be negative. bhck8498 ne null and bhck8498 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B3D BHCK8499 HC-B3D should not be null and should not be negative. bhck8499 ne null and bhck8499 ge 0

FRY9C 20191231 99991231 No Change HC-B Quality 1201 HC-B4a1A BHCKG300

If previous year June HC-12 is less than $5 billion, then HC-B4a1A 

through HC-B4a3D should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckg300 eq null and bhckg301 eq null and bhckg302 eq 

null and bhckg303 eq null and bhckg304 eq null and bhckg305 

eq null and bhckg306 eq null and bhckg307 eq null and 

bhckg308 eq null and bhckg309 eq null and bhckg310 eq null 

and bhckg311 eq null

FRY9C 20191231 99991231 No Change HC-B Quality 1335 HC-B4a4A BHCKKX52

If previous year June HC-12 is greater than $5 billion, then HCB4a4A through HC-B4a4D should be null.

if (mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000) then bhckkx52 eq null and bhckkx53 eq null and 

bhckkx54 eq null and bhckkx55 eq null.

June 2021 FR Y-9C: EDIT-26 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20191231 99991231 No Change HC-B Quality 1203 HC-B4a4B BHCKKX53

If previous year June HC-12 is less than $5 billion, then HC-B4a4B 

should not be null and should not be negative. 

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckkx53 ne null and bhckkx53 ge 0

FRY9C 20191231 99991231 No Change HC-B Quality 1204 HC-B4a4C BHCKKX54

If previous year June HC-12 is less than $5 billion, then HC-B4a4C 

should not be null and should not be negative. 

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckkx54 ne null and bhckkx54 ge 0

FRY9C 20191231 99991231 No Change HC-B Quality 1205 HC-B4a4D BHCKKX55

If previous year June HC-12 is less than $5 billion, then HC-B4a4D 

should not be null and should not be negative. 

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckkx55 ne null and bhckkx55 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4b1A BHCKG312 HC-B4b1A should not be null and should not be negative. bhckg312 ne null and bhckg312 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4b1B BHCKG313 HC-B4b1B should not be null and should not be negative. bhckg313 ne null and bhckg313 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4b1C BHCKG314 HC-B4b1C should not be null and should not be negative. bhckg314 ne null and bhckg314 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4b1D BHCKG315 HC-B4b1D should not be null and should not be negative. bhckg315 ne null and bhckg315 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4b2A BHCKG316 HC-B4b2A should not be null and should not be negative. bhckg316 ne null and bhckg316 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4b2B BHCKG317 HC-B4b2B should not be null and should not be negative. bhckg317 ne null and bhckg317 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4b2C BHCKG318 HC-B4b2C should not be null and should not be negative. bhckg318 ne null and bhckg318 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4b2D BHCKG319 HC-B4b2D should not be null and should not be negative. bhckg319 ne null and bhckg319 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4b3A BHCKG320 HC-B4b3A should not be null and should not be negative. bhckg320 ne null and bhckg320 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4b3B BHCKG321 HC-B4b3B should not be null and should not be negative. bhckg321 ne null and bhckg321 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4b3C BHCKG322 HC-B4b3C should not be null and should not be negative. bhckg322 ne null and bhckg322 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4b3D BHCKG323 HC-B4b3D should not be null and should not be negative. bhckg323 ne null and bhckg323 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4c1aA BHCKK142 HC-B4c1aA should not be null and should not be negative. bhckk142 ne null and bhckk142 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4c1aB BHCKK143 HC-B4c1aB should not be null and should not be negative. bhckk143 ne null and bhckk143 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4c1aC BHCKK144 HC-B4c1aC should not be null and should not be negative. bhckk144 ne null and bhckk144 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4c1aD BHCKK145 HC-B4c1aD should not be null and should not be negative. bhckk145 ne null and bhckk145 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4c1bA BHCKK146 HC-B4c1bA should not be null and should not be negative. bhckk146 ne null and bhckk146 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4c1bB BHCKK147 HC-B4c1bB should not be null and should not be negative. bhckk147 ne null and bhckk147 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4c1bC BHCKK148 HC-B4c1bC should not be null and should not be negative. bhckk148 ne null and bhckk148 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4c1bD BHCKK149 HC-B4c1bD should not be null and should not be negative. bhckk149 ne null and bhckk149 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4c2aA BHCKK150 HC-B4c2aA should not be null and should not be negative. bhckk150 ne null and bhckk150 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4c2aB BHCKK151 HC-B4c2aB should not be null and should not be negative. bhckk151 ne null and bhckk151 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4c2aC BHCKK152 HC-B4c2aC should not be null and should not be negative. bhckk152 ne null and bhckk152 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4c2aD BHCKK153 HC-B4c2aD should not be null and should not be negative. bhckk153 ne null and bhckk153 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4c2bA BHCKK154 HC-B4c2bA should not be null and should not be negative. bhckk154 ne null and bhckk154 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4c2bB BHCKK155 HC-B4c2bB should not be null and should not be negative. bhckk155 ne null and bhckk155 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4c2bC BHCKK156 HC-B4c2bC should not be null and should not be negative. bhckk156 ne null and bhckk156 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B4c2bD BHCKK157 HC-B4c2bD should not be null and should not be negative. bhckk157 ne null and bhckk157 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B5aA BHCKC026 HC-B5aA should not be null and should not be negative. bhckc026 ne null and bhckc026 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B5aB BHCKC988 HC-B5aB should not be null and should not be negative. bhckc988 ne null and bhckc988 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B5aC BHCKC989 HC-B5aC should not be null and should not be negative. bhckc989 ne null and bhckc989 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B5aD BHCKC027 HC-B5aD should not be null and should not be negative. bhckc027 ne null and bhckc027 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B6aA BHCK1737 HC-B6aA should not be null and should not be negative. bhck1737 ne null and bhck1737 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B6aB BHCK1738 HC-B6aB should not be null and should not be negative. bhck1738 ne null and bhck1738 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B6aC BHCK1739 HC-B6aC should not be null and should not be negative. bhck1739 ne null and bhck1739 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B6aD BHCK1741 HC-B6aD should not be null and should not be negative. bhck1741 ne null and bhck1741 ge 0

June 2021 FR Y-9C: EDIT-27 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B6bA BHCK1742 HC-B6bA should not be null and should not be negative. bhck1742 ne null and bhck1742 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B6bB BHCK1743 HC-B6bB should not be null and should not be negative. bhck1743 ne null and bhck1743 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B6bC BHCK1744 HC-B6bC should not be null and should not be negative. bhck1744 ne null and bhck1744 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-B6bD BHCK1746 HC-B6bD should not be null and should not be negative. bhck1746 ne null and bhck1746 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-BM1 BHCK0416 HC-BM1 should not be null and should not be negative. bhck0416 ne null and bhck0416 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-BM2a BHCK0383 HC-BM2a should not be null and should not be negative. bhck0383 ne null and bhck0383 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-BM2b BHCK0384 HC-BM2b should not be null and should not be negative. bhck0384 ne null and bhck0384 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-BM2c BHCK0387 HC-BM2c should not be null and should not be negative. bhck0387 ne null and bhck0387 ge 0

FRY9C 20190331 99991231 No Change HC-B Quality 9400 HC-BM3 BHCK1778 For June and December reporting periods, HC-BM3 should not be 

null and should not be negative.

if (mm-q1 eq 06 or mm-q1 eq 12) then bhck1778 ne null and 

bhck1778 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-BM4a BHCK8782 HC-BM4a should not be null and should not be negative. bhck8782 ne null and bhck8782 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9400 HC-BM4b BHCK8783 HC-BM4b should not be null and should not be negative. bhck8783 ne null and bhck8783 ge 0

FRY9C 20180630 99991231 No Change HC-B Quality 9400 HC-B2A BHCKHT50 HC-B2A should not be null and should not be negative. bhckht50 ne null and bhckht50 ge 0

FRY9C 20180630 99991231 No Change HC-B Quality 9400 HC-B2B BHCKHT51 HC-B2B should not be null and should not be negative. bhckht51 ne null and bhckht51 ge 0

FRY9C 20180630 99991231 No Change HC-B Quality 9400 HC-B2C BHCKHT52 HC-B2C should not be null and should not be negative. bhckht52 ne null and bhckht52 ge 0

FRY9C 20180630 99991231 No Change HC-B Quality 9400 HC-B2D BHCKHT53 HC-B2D should not be null and should not be negative. bhckht53 ne null and bhckht53 ge 0

FRY9C 20180630 99991231 No Change HC-B Quality 9400 HC-B5bA BHCKHT58 HC-B5bA should not be null and should not be negative. bhckht58 ne null and bhckht58 ge 0

FRY9C 20180630 99991231 No Change HC-B Quality 9400 HC-B5bB BHCKHT59 HC-B5bB should not be null and should not be negative. bhckht59 ne null and bhckht59 ge 0

FRY9C 20180630 99991231 No Change HC-B Quality 9400 HC-B5bC BHCKHT60 HC-B5bC should not be null and should not be negative. bhckht60 ne null and bhckht60 ge 0

FRY9C 20180630 99991231 No Change HC-B Quality 9400 HC-B5bD BHCKHT61 HC-B5bD should not be null and should not be negative. bhckht61 ne null and bhckht61 ge 0

FRY9C 20150331 99991231 No Change HC-B Quality 9404 HC-BM5aA BHCKB838 HC-BM5aA should not be negative. bhckb838 ge 0 or bhckb838 eq null

FRY9C 20150331 99991231 No Change HC-B Quality 9404 HC-BM5aB BHCKB839 HC-BM5aB should not be negative. bhckb839 ge 0 or bhckb839 eq null

FRY9C 20150331 99991231 No Change HC-B Quality 9404 HC-BM5aC BHCKB840 HC-BM5aC should not be negative. bhckb840 ge 0 or bhckb840 eq null

FRY9C 20150331 99991231 No Change HC-B Quality 9404 HC-BM5aD BHCKB841 HC-BM5aD should not be negative. bhckb841 ge 0 or bhckb841 eq null

FRY9C 20150331 99991231 No Change HC-B Quality 9404 HC-BM5bA BHCKB842 HC-BM5bA should not be negative. bhckb842 ge 0 or bhckb842 eq null

FRY9C 20150331 99991231 No Change HC-B Quality 9404 HC-BM5bB BHCKB843 HC-BM5bB should not be negative. bhckb843 ge 0 or bhckb843 eq null

FRY9C 20150331 99991231 No Change HC-B Quality 9404 HC-BM5bC BHCKB844 HC-BM5bC should not be negative. bhckb844 ge 0 or bhckb844 eq null

FRY9C 20150331 99991231 No Change HC-B Quality 9404 HC-BM5bD BHCKB845 HC-BM5bD should not be negative. bhckb845 ge 0 or bhckb845 eq null

FRY9C 20150331 99991231 No Change HC-B Quality 9404 HC-BM5cA BHCKB846 HC-BM5cA should not be negative. bhckb846 ge 0 or bhckb846 eq null

FRY9C 20150331 99991231 No Change HC-B Quality 9404 HC-BM5cB BHCKB847 HC-BM5cB should not be negative. bhckb847 ge 0 or bhckb847 eq null

FRY9C 20150331 99991231 No Change HC-B Quality 9404 HC-BM5cC BHCKB848 HC-BM5cC should not be negative. bhckb848 ge 0 or bhckb848 eq null

FRY9C 20150331 99991231 No Change HC-B Quality 9404 HC-BM5cD BHCKB849 HC-BM5cD should not be negative. bhckb849 ge 0 or bhckb849 eq null

FRY9C 20150331 99991231 No Change HC-B Quality 9404 HC-BM5dA BHCKB850 HC-BM5dA should not be negative. bhckb850 ge 0 or bhckb850 eq null

FRY9C 20150331 99991231 No Change HC-B Quality 9404 HC-BM5dB BHCKB851 HC-BM5dB should not be negative. bhckb851 ge 0 or bhckb851 eq null

FRY9C 20150331 99991231 No Change HC-B Quality 9404 HC-BM5dC BHCKB852 HC-BM5dC should not be negative. bhckb852 ge 0 or bhckb852 eq null

FRY9C 20150331 99991231 No Change HC-B Quality 9404 HC-BM5dD BHCKB853 HC-BM5dD should not be negative. bhckb853 ge 0 or bhckb853 eq null

FRY9C 20150331 99991231 No Change HC-B Quality 9404 HC-BM5eA BHCKB854 HC-BM5eA should not be negative. bhckb854 ge 0 or bhckb854 eq null

FRY9C 20150331 99991231 No Change HC-B Quality 9404 HC-BM5eB BHCKB855 HC-BM5eB should not be negative. bhckb855 ge 0 or bhckb855 eq null

FRY9C 20150331 99991231 No Change HC-B Quality 9404 HC-BM5eC BHCKB856 HC-BM5eC should not be negative. bhckb856 ge 0 or bhckb856 eq null

FRY9C 20150331 99991231 No Change HC-B Quality 9404 HC-BM5eD BHCKB857 HC-BM5eD should not be negative. bhckb857 ge 0 or bhckb857 eq null

FRY9C 20150331 99991231 No Change HC-B Quality 9404 HC-BM5fA BHCKB858 HC-BM5fA should not be negative. bhckb858 ge 0 or bhckb858 eq null

FRY9C 20150331 99991231 No Change HC-B Quality 9404 HC-BM5fB BHCKB859 HC-BM5fB should not be negative. bhckb859 ge 0 or bhckb859 eq null

FRY9C 20150331 99991231 No Change HC-B Quality 9404 HC-BM5fC BHCKB860 HC-BM5fC should not be negative. bhckb860 ge 0 or bhckb860 eq null

FRY9C 20150331 99991231 No Change HC-B Quality 9404 HC-BM5fD BHCKB861 HC-BM5fD should not be negative. bhckb861 ge 0 or bhckb861 eq null

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C1A BHCK1410 HC-C1A should not be null and should not be negative. bhck1410 ne null and bhck1410 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C1a1B BHCKF158 HC-C1a1B should not be null and should not be negative. bhckf158 ne null and bhckf158 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C1a2B BHCKF159 HC-C1a2B should not be null and should not be negative. bhckf159 ne null and bhckf159 ge 0

June 2021 FR Y-9C: EDIT-28 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C1bB BHDM1420 HC-C1bB should not be null and should not be negative. bhdm1420 ne null and bhdm1420 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C1c1B BHDM1797 HC-C1c1B should not be null and should not be negative. bhdm1797 ne null and bhdm1797 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C1c2aB BHDM5367 HC-C1c2aB should not be null and should not be negative. bhdm5367 ne null and bhdm5367 ge 0

FRY9C 20150331 99991231 No Change HC-C Intraseries 5975 HC-C1c2bB BHDM5368

If HC-C1c2aB (previous) minus HC-C1c2bB (previous) is greater 

than $1 million and HC-C1c2bB (current) is greater than zero, then 

HC-C1c2aB (current) divided by HC-C1c2bB (current) should be 

greater than 80 %.

if ((bhdm5367-q2 - bhdm5368-q2) gt 1000 and (bhdm5368-q1 

gt 0)) then ((bhdm5367-q1 / bhdm5368-q1) * 100 gt 80)

FRY9C 20150331 99991231 No Change HC-C Intraseries 5980 HC-C1c2bB BHDM5368

If HC-C1c2bB (previous) minus HC-C1c2aB (previous) is greater 

than $1 million and HC-C1c2aB (current) is greater than zero, then 

HC-C1c2bB (current) divided by HC-C1c2aB (current) should be 

greater than 80 %.

if ((bhdm5368-q2 - bhdm5367-q2) gt 1000 and (bhdm5367-q1 

gt 0)) then ((bhdm5368-q1 / bhdm5367-q1) * 100 gt 80)

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C1c2bB BHDM5368 HC-C1c2bB should not be null and should not be negative. bhdm5368 ne null and bhdm5368 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C1dB BHDM1460 HC-C1dB should not be null and should not be negative. bhdm1460 ne null and bhdm1460 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C1e1B BHCKF160 HC-C1e1B should not be null and should not be negative. bhckf160 ne null and bhckf160 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C1e2B BHCKF161 HC-C1e2B should not be null and should not be negative. bhckf161 ne null and bhckf161 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C2B BHDM1288 HC-C2B should not be null and should not be negative. bhdm1288 ne null and bhdm1288 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C2aA BHCK1292 HC-C2aA should not be null and should not be negative. bhck1292 ne null and bhck1292 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C2bA BHCK1296 HC-C2bA should not be null and should not be negative. bhck1296 ne null and bhck1296 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C3A BHCK1590 HC-C3A should not be null and should not be negative. bhck1590 ne null and bhck1590 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C3B BHDM1590 HC-C3B should not be null and should not be negative. bhdm1590 ne null and bhdm1590 ge 0

FRY9C 20191231 99991231 No Change HC-C Quality 1206 HC-C4aA BHCK1763

If previous year June HC-12 is less than $5 billion, then HC-C4aA 

and HC-C4bA should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhck1763 eq null and bhck1764 eq null

FRY9C 20191231 99991231 No Change HC-C Quality 1207 HC-C4aA BHCK1763

If previous year June HC-12 is less than $5 billion, then HC-C4cA 

should not be null and should not be negative. 

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckkx56 ne null and bhckkx56 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C4B BHDM1766 HC-C4B should not be null and should not be negative. bhdm1766 ne null and bhdm1766 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C6B BHDM1975 HC-C6B should not be null and should not be negative. bhdm1975 ne null and bhdm1975 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 5985 HC-C6aA BHCKB538 For March, if the sum of HI-B(I)5aA and HI-B(I)5aB is greater than 

$25 thousand, then HC-C6aA should be greater than zero.

if (mm-q1 eq 03) and ((bhckb514 + bhckb515) gt 25) then 

bhckb538 gt 0

FRY9C 20150331 99991231 No Change HC-C Intraseries 5987 HC-C6aA BHCKB538

For June, September, and December, if the sum of HI-B(I)5aA and 

HI-B(I)5aB (current minus previous) is greater than $25 thousand, 

then HC-C6aA (current) should be greater than zero.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

((bhckb514-q1 + bhckb515-q1) - (bhckb514-q2 + bhckb515-q2) 

gt 25) then bhckb538-q1 gt 0

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C6aA BHCKB538 HC-C6aA should not be null and should not be negative. bhckb538 ne null and bhckb538 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C6bA BHCKB539 HC-C6bA should not be null and should not be negative. bhckb539 ne null and bhckb539 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 6000 HC-C6cA BHCKK137 For March, if the sum of HI-B(I)5bA and HI-B(I)5bB is greater than 

$25 thousand, then HC-C6cA should be greater than zero.

if (mm-q1 eq 03) and ((bhckk129 + bhckk133) gt 25) then 

bhckk137 gt 0

FRY9C 20150331 99991231 No Change HC-C Intraseries 6003 HC-C6cA BHCKK137

For June, September, and December, if the sum of HI-B(I)5bA and 

HI-B(I)5bB (current minus previous) is greater than $25 thousand, 

then HC-C6cA (current) should be greater than zero.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

((bhckk129-q1 + bhckk133-q1) - (bhckk129-q2 + bhckk133-q2) 

gt 25) then bhckk137-q1 gt 0

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C6cA BHCKK137 HC-C6cA should not be null and should not be negative. bhckk137 ne null and bhckk137 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 0397 HC-C6dA BHCKK207

For March, if the sum of HI-B(I)5cA and HI-B(I)5cB is greater than 

$25 thousand, then the sum of HC-C6bA and HC-C6dA should be 

greater than zero.

if (mm-q1 eq 03) and ((bhckk205 + bhckk206) gt 25) then 

(bhckb539 + bhckk207) gt 0

FRY9C 20150331 99991231 No Change HC-C Intraseries 0397 HC-C6dA BHCKK207

For June, September, and December, if the sum of HI-B(I)5cA and 

HI-B(I)5cB (current minus previous) is greater than $25 thousand, 

then the sum of HC-C6bA and HC-C6dA (current) should be 

greater than zero.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

((bhckk205-q1 + bhckk206-q1) - (bhckk205-q2 + bhckk206-q2) 

gt 25) then (bhckb539-q1 + bhckk207-q1) gt 0

June 2021 FR Y-9C: EDIT-29 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C6dA BHCKK207 HC-C6dA should not be null and should not be negative. bhckk207 ne null and bhckk207 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C7A BHCK2081 HC-C7A should not be null and should not be negative. bhck2081 ne null and bhck2081 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C7B BHDM2081 HC-C7B should not be null and should not be negative. bhdm2081 ne null and bhdm2081 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C9aA BHCKJ454 HC-C9aA should not be null and should not be negative. bhckj454 ne null and bhckj454 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C9aB BHDMJ454 HC-C9aB should not be null and should not be negative. bhdmj454 ne null and bhdmj454 ge 0

FRY9C 20191231 99991231 No Change HC-C Quality 1208 HC-C9b1A BHCK1545

If previous year June HC-12 is less than $5 billion, then HC-C9b1A 

through HC-C9b2B should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhck1545 eq null and bhdm1545 eq null and bhckj451 eq 

null and bhdmj451 eq null

FRY9C 20191231 99991231 No Change HC-C Quality 1209 HC-C9b3A BHCKKX57

If previous year June HC-12 is less than $5 billion, then HC-C9b3A 

should not be null and should not be negative. 

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckkx57 ne null and bhckkx57 ge 0

FRY9C 20191231 99991231 No Change HC-C Quality 1210 HC-C9b3B BHDMKX57

If previous year June HC-12 is less than $5 billion, then HC-C9b3B 

should not be null and should not be negative. 

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhdmkx57 ne null and bhdmkx57 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C10B BHDM2165 HC-C10B should not be null and should not be negative. bhdm2165 ne null and bhdm2165 ge 0

FRY9C 20191231 99991231 No Change HC-C Quality 1211 HC-C10cA BHCKKX58

If previous year June HC-12 is less than $5 billion, then HC-C10cA 

should not be null and should not be negative.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckkx58 ne null and bhckkx58 ge 0

FRY9C 20191231 99991231 No Change HC-C Quality 1212 HC-C10aA BHCKF162

If previous year June HC-12 is less than $5 billion, then HC-C10aA 

and HC-C10bA should be null. 

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckf162 eq null and bhckf163 eq null

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C11A BHCK2123 HC-C11A should not be null and should not be negative. bhck2123 ne null and bhck2123 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C11B BHDM2123 HC-C11B should not be null and should not be negative. bhdm2123 ne null and bhdm2123 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C12A BHCK2122 HC-C12A should not be null and should not be negative. bhck2122 ne null and bhck2122 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-C12B BHDM2122 HC-C12B should not be null and should not be negative. bhdm2122 ne null and bhdm2122 ge 0

FRY9C 20191231 99991231 No Change HC-C Quality 1213 HC-CM1a1 BHDMK158

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-CM1a1 should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhdmk158 ne null and 

bhdmk158 ge 0

FRY9C 20191231 99991231 No Change HC-C Quality 1214 HC-CM1a1 BHDMK158 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-CM1a1 should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhdmk158 eq null

FRY9C 20191231 99991231 No Change HC-C Quality 1215 HC-CM1a2 BHDMK159

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-CM1a2 should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhdmk159 ne null and 

bhdmk159 ge 0

FRY9C 20191231 99991231 No Change HC-C Quality 1216 HC-CM1a2 BHDMK159 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-CM1a2 should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhdmk159 eq null

FRY9C 20191231 99991231 No Change HC-C Quality 1217 HC-CM1b BHDMF576

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-CM1b should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhdmf576 ne null and 

bhdmf576 ge 0

FRY9C 20191231 99991231 No Change HC-C Quality 1218 HC-CM1b BHDMF576 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-CM1b should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhdmf576 eq null

FRY9C 20191231 99991231 No Change HC-C Quality 1219 HC-CM1c BHDMK160

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-CM1c should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhdmk160 ne null and 

bhdmk160 ge 0

FRY9C 20191231 99991231 No Change HC-C Quality 1220 HC-CM1c BHDMK160 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-CM1c should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhdmk160 eq null

June 2021 FR Y-9C: EDIT-30 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20191231 99991231 No Change HC-C Quality 1221 HC-CM1d1 BHDMK161

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-CM1d1 should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhdmk161 ne null and 

bhdmk161 ge 0

FRY9C 20191231 99991231 No Change HC-C Quality 1222 HC-CM1d1 BHDMK161 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-CM1d1 should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhdmk161 eq null

FRY9C 20191231 99991231 No Change HC-C Quality 1223 HC-CM1d2 BHDMK162

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-CM1d2 should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhdmk162 ne null and 

bhdmk162 ge 0

FRY9C 20191231 99991231 No Change HC-C Quality 1224 HC-CM1d2 BHDMK162 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-CM1d2 should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhdmk162 eq null

FRY9C 20191231 99991231 No Change HC-C Quality 1225 HC-CM1e1 BHCKK163

If previous year June HC-12 is less than $5 billion, then HC-CM1e1 

and HC-CM1e2 should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckk163 eq null and bhckk164 eq null

FRY9C 20191231 99991231 No Change HC-C Quality 1226 HC-CM1e3 BHCKKX59

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-CM1e3 should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckkx59 ne null and 

bhckkx59 ge 0

FRY9C 20191231 99991231 No Change HC-C Quality 1227 HC-CM1e3 BHCKKX59 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-CM1e3 should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhckkx59 eq null

FRY9C 20191231 99991231 No Change HC-C Quality 1228 HC-CM1f BHCKK165

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-CM1f should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckk165 ne null and 

bhckk165 ge 0

FRY9C 20191231 99991231 No Change HC-C Quality 1229 HC-CM1f BHCKK165 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-CM1f should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhckk165 eq null

FRY9C 20191231 99991231 No Change HC-C Quality 1230 HC-CM1f1 BHDMK166

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-CM1f1 should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhdmk166 ne null and 

bhdmk166 ge 0

FRY9C 20191231 99991231 No Change HC-C Quality 1231 HC-CM1f1 BHDMK166 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-CM1f1 should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhdmk166 eq null

FRY9C 20191231 99991231 No Change HC-C Quality 1232 HC-CM1f2 BHCKK168

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-CM1f2 should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckk168 ne null and 

bhckk168 ge 0

FRY9C 20191231 99991231 No Change HC-C Quality 1233 HC-CM1f2 BHCKK168 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-CM1f2 should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhckk168 eq null

FRY9C 20191231 99991231 No Change HC-C Quality 1234 HC-CM1f3a BHCKK098

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-CM1f3a should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckk098 ne null and 

bhckk098 ge 0

FRY9C 20191231 99991231 No Change HC-C Quality 1235 HC-CM1f3a BHCKK098 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-CM1f3a should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhckk098 eq null

FRY9C 20191231 99991231 No Change HC-C Quality 1236 HC-CM1f3b BHCKK203

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-CM1f3b should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckk203 ne null and 

bhckk203 ge 0

FRY9C 20191231 99991231 No Change HC-C Quality 1237 HC-CM1f3b BHCKK203 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-CM1f3b should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhckk203 eq null

FRY9C 20191231 99991231 No Change HC-C Quality 1238 HC-CM1f3c BHCKK204

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-CM1f3c should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckk204 ne null and 

bhckk204 ge 0

FRY9C 20191231 99991231 No Change HC-C Quality 1239 HC-CM1f3c BHCKK204 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-CM1f3c should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhckk204 eq null

FRY9C 20180331 99991231 No Change HC-C Quality 9406 HC-CM1g BHCKHK25 HC-CM1g should not be null and should not be negative. bhckhk25 ne null and bhckhk25 ge 0

FRY9C 20150331 99991231 No Change HC-C Quality 6017 HC-CM2 BHCK2746 For March, if the sum of HI-B(I)M1A and HI-B(I)M1B is greater 

than $25 thousand, then HC-CM2 should be greater than zero.

if (mm-q1 eq 03) and ((bhck5409 + bhck5410) gt 25) then 

bhck2746 gt 0

June 2021 FR Y-9C: EDIT-31 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC-C Intraseries 6018 HC-CM2 BHCK2746

For June, September, and December, if the sum of HI-B(I)M1A and 

HI-B(I)M1B (current minus previous) is greater than $25 thousand, 

then HC-CM2 (current) should be greater than zero.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

((bhck5409-q1 + bhck5410-q1) - (bhck5409-q2 + bhck5410-q2) 

gt 25) then bhck2746-q1 gt 0

FRY9C 20150331 99991231 No Change HC-C Quality 9406 HC-CM2 BHCK2746 HC-CM2 should not be null and should not be negative. bhck2746 ne null and bhck2746 ge 0

FRY9C 20191231 99991231 No Change HC-C Quality 1240 HC-CM3 BHCKB837

If previous year June HC-12 is less than $5 billion, then HC-CM3 

should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckb837 eq null

FRY9C 20180630 99991231 No Change HC-C Quality 6020 HC-CM4 BHCKC391

If the sum of HC-C6aA and HC-S1C is greater than $500 million or 

[the sum of (HC-C6aA and HC-S1C) divided by the sum of (HCC12A and HC-S1C) is greater than 50% and the sum of (HC-C12A 

and HC-S1C) divided by the sum of (HC-12 and HC-S1C) is greater 

than 50%], then HC-CM4 should be greater than zero.

if ((bhckb538 + bhckb707) gt 500000) or (((bhckb538 + 

bhckb707) / (bhck2122 + bhckb707)) * 100) gt 50 and 

(((bhck2122 + bhckb707) / (bhck2170 + bhckb707)) * 100) gt 50 

then bhckc391 gt 0

FRY9C 20150331 99991231 No Change HC-C Quality 9410 HC-CM4 BHCKC391 HC-CM4 should not be negative. bhckc391 ge 0 or bhckc391 eq null

FRY9C 20150331 99991231 No Change HC-C Quality 6022 HC-CM5a BHCKC779 If HC-CM5b is greater than zero, then HC-CM5a should be greater 

than zero. if bhckc780 gt 0 then bhckc779 gt 0

FRY9C 20150331 99991231 No Change HC-C Quality 6023 HC-CM5a BHCKC779 HC-CM5a should be greater than or equal to HC-CM5b. bhckc779 ge bhckc780

FRY9C 20150331 99991231 No Change HC-C Quality 6024 HC-CM5b BHCKC780 If HC-CM5a is greater than zero, then HC-CM5b should be greater 

than zero. if bhckc779 gt 0 then bhckc780 gt 0

FRY9C 20190331 99991231 No Change HC-C Quality 9420 HC-CM6a BHCKF230 For June and December reporting periods, HC-CM6a should not be 

null and should not be negative.

if (mm-q1 eq 06 or mm-q1 eq 12) then bhckf230 ne null and 

bhckf230 ge 0

FRY9C 20190331 99991231 No Change HC-C Quality 9421 HC-CM6b BHCKF231 For June and December reporting periods, HC-CM6b should not 

be negative.

if (mm-q1 eq 06 or mm-q1 eq 12) then bhckf231 ge 0 or 

bhckf231 eq null

FRY9C 20190331 99991231 No Change HC-C Quality 6029 HC-CM6c BHCKF232 For June and December reporting periods, HC-CM6c should be 

less than or equal 50% of HC-CM6a.

if (mm-q1 eq 06 or mm-q1 eq 12) then bhckf232 le (0.50 * 

bhckf230)

FRY9C 20190331 99991231 No Change HC-C Quality 9421 HC-CM6c BHCKF232 For June and December reporting periods, HC-CM6c should not be 

negative.

if (mm-q1 eq 06 or mm-q1 eq 12) then bhckf232 ge 0 or 

bhckf232 eq null

FRY9C 20180630 99991231 No Change HC-Q Intraseries 0070 HC-QM3b BHCKF585 If HC-QM3b (previous) is not equal to zero or null, then HC-QM3b 

(current) should not equal zero or null.

if ((bhckf585-q2 ne 0) and (bhckf585-q2 ne null)) then 

((bhckf585-q1 ne 0) and (bhckf585-q1 ne null))

FRY9C 20191231 99991231 No Change HC-Q Intraseries 8143 HC-QM3b BHCKF585

If previous year June HC-12 is less than $5 billion, then HC-C4cA 

should be greater than or equal to HC-QM3b, and HC-C4aA and 

HC-C4bA should be zero.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckkx56 ge bhckf585 and (bhck1763 + bhck1764) eq 0

FRY9C 20191231 99991231 No Change HI Quality 8144 HI-5d(1) BHCKC886

If previous year June HC-12 is less than $5 billion, then the sum of 

HI-5d(1) through HI-5d(5) should be zero.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then (bhckc886 + bhckc888 + bhckc887 + bhckc386 + bhckc387) 

eq 0

FRY9C 20180630 99991231 No Change HC-Q Intraseries 0080 HC-QM3d BHCKF589 If HC-QM3d (previous) is not equal to zero or null, then HC-QM3d 

(current) should not equal zero or null.

if ((bhckf589-q2 ne 0) and (bhckf589-q2 ne null)) then 

((bhckf589-q1 ne 0) and (bhckf589-q1 ne null))

FRY9C 20200630 99991231 No Change HC-Q Quality 0160 HC-QM3d BHCKF589

Sum of HC-C2aA, HC-C2bA, HC-C3A, HC-C7A, HC-C9aA, HC-C9b1A, 

HC-C9b2A, and HC-C9b3A should be greater than or equal to HCQM3d.

(bhck1292 + bhck1296 + bhck1590 + bhck2081 + bhckj454 + 

bhck1545 + bhckj451 + bhckkx57) ge bhckf589

FRY9C 20180630 99991231 No Change HC-Q Intraseries 0146 HC-QM4b BHCKF597 If HC-QM4b (previous) is not equal to zero or null, then HC-QM4b 

(current) should not equal zero or null.

if ((bhckf597-q2 ne 0) and (bhckf597-q2 ne null)) then 

((bhckf597-q1 ne 0) and (bhckf597-q1 ne null))

FRY9C 20180630 99991231 No Change HC-Q Quality 0247 HC-QM4b BHCKF597 If HC-QM3b is not equal to zero or null, then HC-QM4b should not 

equal zero or null.

if bhckf585 ne 0 and bhckf585 ne null then bhckf597 ne 0 and 

bhckf597 ne null

FRY9C 20180630 99991231 No Change HC-Q Intraseries 0154 HC-QM4d BHCKF601 If HC-QM4d (previous) is not equal to zero or null, then HC-QM4d 

(current) should not equal zero or null.

if ((bhckf601-q2 ne 0) and (bhckf601-q2 ne null)) then 

((bhckf601-q1 ne 0) and (bhckf601-q1 ne null))

FRY9C 20180630 99991231 No Change HC-Q Quality 0255 HC-QM4d BHCKF601 If HC-QM3d is not equal to zero or null, then HC-QM4d should not 

equal zero or null.

if bhckf589 ne 0 and bhckf589 ne null then bhckf601 ne 0 and 

bhckf601 ne null

June 2021 FR Y-9C: EDIT-32 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20200630 99991231 No Change HC-C Quality 0350 HC-CM16a BHCKLG24 If HC-CM16a is greater than zero, then HC-CM16b should be 

greater than zero. if bhcklg24 gt 0, then bhcklg25 gt 0

FRY9C 20180630 99991231 No Change HC-D Quality 9430 HC-D1 BHCM3531 HC-D1 should not be negative. bhcm3531 ge 0 or bhcm3531 eq null

FRY9C 20180630 99991231 No Change HC-D Quality 9430 HC-D2 BHCM3532 HC-D2 should not be negative. bhcm3532 ge 0 or bhcm3532 eq null

FRY9C 20180630 99991231 No Change HC-D Quality 9430 HC-D3 BHCM3533 HC-D3 should not be negative. bhcm3533 ge 0 or bhcm3533 eq null

FRY9C 20180630 99991231 No Change HC-D Quality 9430 HC-D4a BHCKG379 HC-D4a should not be negative. bhckg379 ge 0 or bhckg379 eq null

FRY9C 20180630 99991231 No Change HC-D Quality 9430 HC-D4b BHCKG380 HC-D4b should not be negative. bhckg380 ge 0 or bhckg380 eq null

FRY9C 20180630 99991231 No Change HC-D Quality 9430 HC-D4c BHCKG381 HC-D4c should not be negative. bhckg381 ge 0 or bhckg381 eq null

FRY9C 20180630 99991231 No Change HC-D Quality 9430 HC-D4d BHCKK197 HC-D4d should not be negative. bhckk197 ge 0 or bhckk197 eq null

FRY9C 20180630 99991231 No Change HC-D Quality 9430 HC-D4e BHCKK198 HC-D4e should not be negative. bhckk198 ge 0 or bhckk198 eq null

FRY9C 20180630 99991231 No Change HC-D Quality 0201 HC-D5b BHCKG386 HC-D5b should be greater than or equal to the sum of HC-DM5a 

through HC-DM5f.

bhckg386 ge (bhckf643 + bhckf644 + bhckf645 + bhckf646 + 

bhckf647 + bhckf648)

FRY9C 20180630 99991231 No Change HC-D Quality 9430 HC-D5b BHCKG386 HC-D5b should not be negative. bhckg386 ge 0 or bhckg386 eq null

FRY9C 20180630 99991231 No Change HC-D Quality 9430 HC-D6b BHCKF614 HC-D6b should not be negative. bhckf614 ge 0 or bhckf614 eq null

FRY9C 20180630 99991231 No Change HC-D Quality 9430 HC-D6d BHCKF618 HC-D6d should not be negative. bhckf618 ge 0 or bhckf618 eq null

FRY9C 20180630 99991231 No Change HC-D Quality 9430 HC-D9 BHCM3541 HC-D9 should not be negative. bhcm3541 ge 0 or bhcm3541 eq null

FRY9C 20180630 99991231 No Change HC-D Quality 9430 HC-D11 BHCM3543 HC-D11 should not be negative. bhcm3543 ge 0 or bhcm3543 eq null

FRY9C 20180630 99991231 No Change HC-D Intraseries 0128 HC-D12 BHCT3545

If HC-K4a is greater than or equal to $10 million in any of the four 

preceding quarters, then HC-D12 (current) should not be null.

if (bhck3401-q2 ge 10000 or bhck3401-q3 ge 10000 or 

bhck3401-q4 ge 10000 or bhck3401-q5 ge 10000) then 

bhct3545-q1 ne null

FRY9C 20180630 99991231 No Change HC-D Quality 9430 HC-D13a1 BHCKG209 HC-D13a1 should not be negative. bhckg209 ge 0 or bhckg209 eq null

FRY9C 20180630 99991231 No Change HC-D Quality 9430 HC-D13a2 BHCKG210 HC-D13a2 should not be negative. bhckg210 ge 0 or bhckg210 eq null

FRY9C 20180630 99991231 No Change HC-D Quality 9430 HC-D13a3 BHCKG211 HC-D13a3 should not be negative. bhckg211 ge 0 or bhckg211 eq null

FRY9C 20180630 99991231 No Change HC-D Quality 9430 HC-D13b BHCKF624 HC-D13b should not be negative. bhckf624 ge 0 or bhckf624 eq null

FRY9C 20180630 99991231 No Change HC-D Quality 9430 HC-D14 BHCK3547 HC-D14 should not be negative. bhck3547 ge 0 or bhck3547 eq null

FRY9C 20180630 99991231 No Change HC-D Quality 9430 HC-D5a BHCKHT62 HC-D5a should not be negative. bhckht62 ge 0 or bhckht62 eq null

FRY9C 20180630 99991231 No Change HC-D Quality 9430 HC-D6a1 BHCKHT63 HC-D6a1 should not be negative. bhckht63 ge 0 or bhckht63 eq null

FRY9C 20180630 99991231 No Change HC-D Quality 9430 HC-D6a2 BHCKHT64 HC-D6a2 should not be negative. bhckht64 ge 0 or bhckht64 eq null

FRY9C 20180630 99991231 No Change HC-D Quality 9430 HC-D6c BHCKHT65 HC-D6c should not be negative. bhckht65 ge 0 or bhckht65 eq null

FRY9C 20180630 99991231 No Change HC-D Quality 0265 HC-DM1b BHCKF632 If HC-D6b is not equal to zero, then HC-DM1b should not equal 

zero.

if bhckf614 ne 0 then bhckf632 ne 0

FRY9C 20180630 99991231 No Change HC-D Quality 0273 HC-DM1d BHCKF636 If HC-D6d is not equal to zero, then HC-DM1d should not equal 

zero.

if bhckf618 ne 0 then bhckf636 ne 0

FRY9C 20180630 99991231 No Change HC-D Quality 0275 HC-DM1a1 BHCKHT66 If HC-D6a1 is not equal to zero, then HC-DM1a1 should not equal 

zero.

if bhckht63 ne 0 then bhckht66 ne 0

FRY9C 20180630 99991231 No Change HC-D Quality 0276 HC-DM1a2 BHCKHT67 If HC-D6a2 is not equal to zero, then HC-DM1a2 should not equal 

zero.

if bhckht64 ne 0 then bhckht67 ne 0

FRY9C 20180630 99991231 No Change HC-D Quality 0277 HC-DM1c BHCKHT68 If HC-D6c is not equal to zero, then HC-DM1c should not equal 

zero.

if bhckht65 ne 0 then bhckht68 ne 0

FRY9C 20150331 99991231 No Change HC-D Quality 0227 HC-DM9b1 BHCKF655 If financial data is not equal to null or zero, then text data should 

not be null. if bhckf655 ne null and bhckf655 ne 0 then bhtxf655 ne null

FRY9C 20150331 99991231 No Change HC-D Quality 0228 HCDM9b1TX BHTXF655 If text data is not equal to null, then financial data should not 

equal null or zero. if bhtxf655 ne null then bhckf655 ne null and bhckf655 ne 0

FRY9C 20150331 99991231 No Change HC-D Quality 0229 HC-DM9b2 BHCKF656 If financial data is not equal to null or zero, then text data should 

not be null. if bhckf656 ne null and bhckf656 ne 0 then bhtxf656 ne null

FRY9C 20150331 99991231 No Change HC-D Quality 0230 HCDM9b2TX BHTXF656 If text data is not equal to null, then financial data should not 

equal null or zero. if bhtxf656 ne null then bhckf656 ne null and bhckf656 ne 0

FRY9C 20180630 99991231 No Change HC-D Quality 0204 HC-DM9b3 BHCKF657 HC-D9 should be greater than or equal to the sum of HC-DM7a, 

HC-DM7b, and HC-DM9a2 through HC-DM9b3.

bhcm3541 ge (bhckf652 + bhckf653 + bhckg213 + bhckf655 + 

bhckf656 + bhckf657)

June 2021 FR Y-9C: EDIT-33 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

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Effective End 

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TargetItem MDRM 

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Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC-D Quality 0231 HC-DM9b3 BHCKF657 If financial data is not equal to null or zero, then text data should 

not be null. if bhckf657 ne null and bhckf657 ne 0 then bhtxf657 ne null

FRY9C 20150331 99991231 No Change HC-D Quality 0232 HCDM9b3TX BHTXF657 If text data is not equal to null, then financial data should not 

equal null or zero. if bhtxf657 ne null then bhckf657 ne null and bhckf657 ne 0

FRY9C 20150331 99991231 No Change HC-D Quality 0233 HC-DM10a BHCKF658 If financial data is not equal to null or zero, then text data should 

not be null. if bhckf658 ne null and bhckf658 ne 0 then bhtxf658 ne null

FRY9C 20150331 99991231 No Change HC-D Quality 0234 HCDM10aTXBHTXF658 If text data is not equal to null, then financial data should not 

equal null or zero. if bhtxf658 ne null then bhckf658 ne null and bhckf658 ne 0

FRY9C 20150331 99991231 No Change HC-D Quality 0235 HC-DM10b BHCKF659 If financial data is not equal to null or zero, then text data should 

not be null. if bhckf659 ne null and bhckf659 ne 0 then bhtxf659 ne null

FRY9C 20150331 99991231 No Change HC-D Quality 0236 HCDM10bTX BHTXF659 If text data is not equal to null, then financial data should not 

equal null or zero. if bhtxf659 ne null then bhckf659 ne null and bhckf659 ne 0

FRY9C 20180630 99991231 No Change HC-D Quality 0205 HC-DM10c BHCKF660 HC-D13b should be greater than or equal to the sum of HC-DM10a 

through HC-DM10c. bhckf624 ge (bhckf658 + bhckf659 + bhckf660)

FRY9C 20150331 99991231 No Change HC-D Quality 0237 HC-DM10c BHCKF660 If financial data is not equal to null or zero, then text data should 

not be null. if bhckf660 ne null and bhckf660 ne 0 then bhtxf660 ne null

FRY9C 20150331 99991231 No Change HC-D Quality 0238 HCDM10cTXBHTXF660 If text data is not equal to null, then financial data should not 

equal null or zero. if bhtxf660 ne null then bhckf660 ne null and bhckf660 ne 0

FRY9C 20160930 99991231 No Change HC-E Quality 9440 HC-E1a BHCB2210 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-E1a should 

not be null and should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhcb2210 

ne null and bhcb2210 ge 0

FRY9C 20160930 99991231 No Change HC-E Quality 9440 HC-E1b BHCB3187 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-E1b should 

not be null and should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhcb3187 

ne null and bhcb3187 ge 0

FRY9C 20160930 99991231 No Change HC-E Quality 9440 HC-E1c BHCB2389 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-E1c should 

not be null and should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhcb2389 

ne null and bhcb2389 ge 0

FRY9C 20170331 99991231 No Change HC-E Quality 9440 HC-E1d BHCBHK29 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-E1d should 

not be null and should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhcbhk29 ne 

null and bhcbhk29 ge 0

FRY9C 20170331 99991231 No Change HC-E Quality 9440 HC-E1e BHCBJ474

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-E1e should 

not be null and should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhcbj474 ne 

null and bhcbj474 ge 0

FRY9C 20160930 99991231 No Change HC-E Quality 6048 HC-E2a BHOD3189 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of HC-E1a 

and HC-E2a must be less than or equal to HC-13a1.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, (bhcb2210 + 

bhod3189) le bhdm6631

FRY9C 20160930 99991231 No Change HC-E Quality 9450 HC-E2a BHOD3189 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-E2a should 

not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhod3189 

ge 0 or bhod3189 eq null

FRY9C 20160930 99991231 No Change HC-E Quality 9450 HC-E2b BHOD3187 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-E2b should 

not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhod3187 

ge 0 or bhod3187 eq null

FRY9C 20160930 99991231 No Change HC-E Quality 9450 HC-E2c BHOD2389 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-E2c should 

not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhod2389 

ge 0 or bhod2389 eq null

FRY9C 20170331 99991231 No Change HC-E Quality 9450 HC-E2d BHODHK29 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-E2d should 

not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhodhk29 

ge 0 or bhodhk29 eq null

FRY9C 20170331 99991231 No Change HC-E Quality 6050 HC-E2e BHODJ474

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of HC-E1b 

through HC-E1e plus the sum of HC-E2b through HC-E2e should be 

greater than or equal to HC-13a2.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, (bhcb3187 + 

bhcb2389 + bhcbhk29 + bhcbj474) + (bhod3187 + bhod2389 + 

bhodhk29 + bhodj474) ge bhdm6636

FRY9C 20170331 99991231 No Change HC-E Quality 9450 HC-E2e BHODJ474 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-E2e should 

not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhodj474 ge 

0 or bhodj474 eq null

FRY9C 20170331 99991231 No Change HC-E Quality 9460 HC-EM1 BHDMHK06 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-EM1 should 

not be null and should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhdmhk06 

ne null and bhdmhk06 ge 0

FRY9C 20170331 99991231 No Change HC-E Quality 6075 HC-EM2 BHDMHK31

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, Sum of HCEM1 and HC-EM2 should be less than or equal to the sum of HCE1d and HC-E2d.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, (bhdmhk06 

+ bhdmhk31) le (bhcbhk29 + bhodhk29)

FRY9C 20170331 99991231 No Change HC-E Quality 9460 HC-EM2 BHDMHK31 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-EM2 should 

not be null and should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhdmhk31 

ne null and bhdmhk31 ge 0

FRY9C 20170331 99991231 No Change HC-E Quality 6080 HC-EM3 BHDMHK32

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if HC-EM3 is 

greater than zero, then HC-EM3 should be greater than or equal 

to $250k.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if bhdmhk32 

gt 0 then bhdmhk32 ge 250

June 2021 FR Y-9C: EDIT-34 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20170331 99991231 No Change HC-E Quality 9460 HC-EM3 BHDMHK32 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-EM3 should 

not be null and should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhdmhk32 

ne null and bhdmhk32 ge 0

FRY9C 20160930 99991231 No Change HC-E Quality 6090 HC-EM4 BHFNA245

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, If the sum of 

HC-13b1 and HC-13b2 is greater than zero, then HC-EM4 should 

be greater than zero.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if (bhfn6631 

+ bhfn6636) gt 0 then bhfna245 gt 0

FRY9C 20160930 99991231 No Change HC-E Quality 9460 HC-EM4 BHFNA245 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-EM4 should 

not be null and should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhfna245 ne 

null and bhfna245 ge 0

FRY9C 20150331 99991231 No Change HC-F Intraseries 6100 HC-F1 BHCKB556 If HC-F1 (previous) is greater than zero, then HC-F1 (current) 

should be greater than zero. if bhckb556-q2 gt 0 then bhckb556-q1 gt 0

FRY9C 20150331 99991231 No Change HC-F Quality 9460 HC-F1 BHCKB556 HC-F1 should not be null and should not be negative. bhckb556 ne null and bhckb556 ge 0

FRY9C 20150331 99991231 No Change HC-F Quality 9460 HC-F2 BHCK2148 HC-F2 should not be null and should not be negative. bhck2148 ne null and bhck2148 ge 0

FRY9C 20180630 99991231 No Change HC-F Quality 9460 HC-F3 BHCKHT80 HC-F3 should not be null and should not be negative. bhckht80 ne null and bhckht80 ge 0

FRY9C 20150331 99991231 No Change HC-F Intraseries 6130 HC-F4 BHCK1752 If HC-F4 (previous) is greater than or equal to $100K, then HC-F4 

(current) should be greater than zero. if bhck1752-q2 ge 100 then bhck1752-q1 gt 0

FRY9C 20150331 99991231 No Change HC-F Quality 9460 HC-F4 BHCK1752 HC-F4 should not be null and should not be negative. bhck1752 ne null and bhck1752 ge 0

FRY9C 20150331 99991231 No Change HC-F Quality 9460 HC-F5a BHCKK201 HC-F5a should not be null and should not be negative. bhckk201 ne null and bhckk201 ge 0

FRY9C 20150331 99991231 No Change HC-F Quality 9460 HC-F5b BHCKK202 HC-F5b should not be null and should not be negative. bhckk202 ne null and bhckk202 ge 0

FRY9C 20150331 99991231 No Change HC-F Quality 9460 HC-F5c BHCKK270 HC-F5c should not be null and should not be negative. bhckk270 ne null and bhckk270 ge 0

FRY9C 20150331 99991231 No Change HC-F Quality 9460 HC-F6 BHCK2168 HC-F6 should not be null and should not be negative. bhck2168 ne null and bhck2168 ge 0

FRY9C 20150331 99991231 No Change HC-G Intraseries 6145 HC-G2 BHCK3049

If HC-F2 (previous) is equal to zero or HC-G2 (previous) is equal to 

zero, then HC-F2 (current) should equal zero or HC-G2 (current) 

should equal zero.

if (bhck2148-q2 eq 0 or bhck3049-q2 eq 0) then (bhck2148-q1 

eq 0 or bhck3049-q1 eq 0)

FRY9C 20150331 99991231 No Change HC-G Intraseries 6150 HC-G3 BHCKB557 If HC-G3 (previous) is greater than zero, then HC-G3 (current) 

should be greater than zero. if bhckb557-q2 gt 0 then bhckb557-q1 gt 0

FRY9C 20150331 99991231 No Change HC-G Quality 1012 HC-G4 BHCKB984 HC-P7c should be less than or equal to HC-G4. bhckm288 le bhckb984

FRY9C 20150331 99991231 No Change HC-H Quality 6160 HC-H1 BHCK3197 HC-H1 should be greater than zero. bhck3197 gt 0

FRY9C 20160930 99991231 No Change HC-H Quality 6165 HC-H2 BHCK3296 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-H2 should 

be less than or equal to the sum of HC-13a2 and HC-13b2.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck3296 le 

(bhdm6636 + bhfn6636)

FRY9C 20150331 99991231 No Change HC-I Quality 9460 HC-I(I)3 BHCKB990 HC-I(I)3 should not be null and should not be negative. bhckb990 ne null and bhckb990 ge 0

FRY9C 20150331 99991231 No Change HC-I Quality 9460 HC-I(I)4 BHCKB991 HC-I(I)4 should not be null and should not be negative. bhckb991 ne null and bhckb991 ge 0

FRY9C 20150331 99991231 No Change HC-I Quality 6178 HC-I(I)5 BHCKC245 HC-I(I)5 should be less than or equal to HC-I(I)2. bhckc245 le bhckc244

FRY9C 20150331 99991231 No Change HC-I Quality 9468 HC-I(II)2 BHCKB992 HC-I(II)2 should not be null and should not be negative. bhckb992 ne null and bhckb992 ge 0

FRY9C 20150331 99991231 No Change HC-I Quality 6179 HC-I(II)3 BHCKC248 If the sum of HC-I(I)6 and HC-I(II)7 is greater than zero, then the 

sum of HC-I(I)2 and HC-I(II)3 should be greater than zero. if (bhckc246 + bhckc250) gt 0 then (bhckc244 + bhckc248) gt 0

FRY9C 20200630 99991231 No Change HC-I Quality 6180 HC-I(II)3 BHCKC248

If previous year June HC-12 is greater than or equal to $5 billion 

and the sum of HI-5d4, HI-Mem12b1, and HI-Mem12b2 is greater 

than zero, then the sum of HC-I(I)2 and HC-I(II)3 should be greater 

than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and (bhckc386 + bhckc242 + bhckc243) gt 0 then 

(bhckc244 + bhckc248) gt 0

FRY9C 20200630 99991231 No Change HC-I Quality 6181 HC-I(II)3 BHCKC248

If previous year June HC-12 is greater than or equal to $5 billion 

and the sum of HI-Mem12b1 and HI-Mem12b2 is greater than 

zero and equal to HI-5d5 (+/- 5%), then the sum of HC-I(I)2 and HCI(II)3 should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and (bhckc242 + bhckc243) gt 0 and ((bhckc242 + 

bhckc243) le (bhckc387 * 1.05) and (bhckc242 + bhckc243) ge 

(bhckc387 * 0.95)) then (bhckc244 + bhckc248) gt 0

FRY9C 20150331 99991231 No Change HC-I Quality 6182 HC-I(II)3 BHCKC248 If HI-Mem12c is greater than zero, then the sum of HC-I(I)2 and 

HC-I(II)3 should be greater than zero. if bhckb983 gt 0 then (bhckc244 + bhckc248) gt 0

FRY9C 20150331 99991231 No Change HC-I Quality 9468 HC-I(II)4 BHCKB994 HC-I(II)4 should not be null and should not be negative. bhckb994 ne null and bhckb994 ge 0

FRY9C 20150331 99991231 No Change HC-I Quality 6183 HC-I(II)5 BHCKB996 If HC-I(II)2 is greater than zero, then HC-I(II)2 should equal HCI(II)5. (- 5%)

if (bhckb992 gt 0) then bhckb992 ge (bhckb996 *.95) and 

bhckb992 le bhckb996

June 2021 FR Y-9C: EDIT-35 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC-I Quality 9468 HC-I(II)5 BHCKB996 HC-I(II)5 should not be null and should not be negative. bhckb996 ne null and bhckb996 ge 0

FRY9C 20150331 99991231 No Change HC-I Quality 6187 HC-I(II)6 BHCKC249 If the sum of HC-I(I)6 and HC-I(II)7 is greater than zero, then the 

sum of HC-I(I)5 and HC-I(II)6 should be greater than zero. if (bhckc246 + bhckc250) gt 0 then (bhckc245 + bhckc249) gt 0

FRY9C 20200630 99991231 No Change HC-I Quality 6188 HC-I(II)6 BHCKC249

If previous year June HC-12 is greater than or equal to $5 billion 

and the sum of HI-5d4, HI-Mem12b1 and HI-Mem12b2 is greater 

than zero, then the sum of HC-I(I)5 and HC-I(II)6 should be greater 

than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and (bhckc386 + bhckc242 + bhckc243) gt 0 then 

(bhckc245 + bhckc249) gt 0

FRY9C 20150331 99991231 No Change HC-I Quality 6189 HC-I(II)6 BHCKC249 HC-I(II)6 should be less than or equal to HC-I(II)3. bhckc249 le bhckc248

FRY9C 20150331 99991231 No Change HC-I Quality 6190 HC-I(II)6 BHCKC249 If HI-Mem12c is greater than zero, then the sum of HC-I(I)5 and 

HC-I(II)6 should be greater than zero. if bhckb983 gt 0 then (bhckc245 + bhckc249) gt 0

FRY9C 20200630 99991231 No Change HC-I Quality 6191 HC-I(II)7 BHCKC250

If previous year June HC-12 is greater than or equal to $5 billion 

and the sum of HI-5d4, HI-Mem12b1, and HI-Mem12b2 is greater 

than zero, then the sum of HC-I(I)6 and HC-I(II)7 should not equal 

zero or null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and (bhckc386 + bhckc242 + bhckc243) gt 0 then 

((bhckc246 + bhckc250 ne 0) and bhckc246 ne null AND 

bhckc250 ne null)

FRY9C 20150331 99991231 No Change HC-I Quality 6193 HC-I(II)7 BHCKC250 If HI-Mem12c is greater than zero, then the sum HC-I(I)6 and HCI(II)7 should not equal zero or null. if (bhckb983 gt 0) then (bhckc246 + bhckc250) ne 0 or null

FRY9C 20150331 99991231 No Change HC-I Quality 6197 HC-I(II)7 BHCKC250

If the sum of HC-I(I)2, HC-I(I)5, HC-I(II)3, and HC-I(II)6 is greater 

than $100k, then the sum of HC-I(I)6 and HC-I(II)7 should not 

equal zero or null.

if (bhckc244 + bhckc245 + bhckc248 + bhckc249) gt 100 then 

(bhckc246 + bhckc250) ne 0 or null

FRY9C 20150331 99991231 No Change HC-I Quality 6199 HC-I(II)7 BHCKC250 If HC-I(I)6 and HC-I(II)7 are not equal to zero, then the sum of HCI(I)6 and HC-I(II)7 should be less than HI-14.

if ((bhckc246 + bhckc250) ne 0) then (bhckc246 + bhckc250) lt 

bhck4340

FRY9C 20150331 99991231 No Change HC-K Intraseries 0520 HC-K1a BHCKB558

For June, September, and December, if HI-1d1 (current) minus HI1d1 (previous) is greater than $30K, then HC-K1a (current) should 

be greater than zero.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhckb488-q1 - bhckb488-q2) gt 30 then bhckb558-q1 gt 0

FRY9C 20150331 99991231 No Change HC-K Quality 0520 HC-K1a BHCKB558 For March, if HI-1d1 is greater than $30K, then HC-K1a should be 

greater than zero. if (mm-q1 eq 03) and bhckb488 gt 30 then bhckb558 gt 0

FRY9C 20150331 99991231 No Change HC-K Quality 9480 HC-K1a BHCKB558 HC-K1a should not be null and should not be negative. bhckb558 ne null and bhckb558 ge 0

FRY9C 20150331 99991231 No Change HC-K Intraseries 0521 HC-K1b BHCKB559

For June, September, and December, if HI-1d2 (current) minus HI1d2 (previous) is greater than $100K, then HC-K1b (current) 

should be greater than zero.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhckb489-q1 - bhckb489-q2) gt 100 then bhckb559-q1 gt 0

FRY9C 20150331 99991231 No Change HC-K Quality 0521 HC-K1b BHCKB559 For March, if HI-1d2 is greater than $100K, then HC-K1b should be 

greater than zero. if (mm-q1 eq 03) and bhckb489 gt 100 then bhckb559 gt 0

FRY9C 20150331 99991231 No Change HC-K Quality 9480 HC-K1b BHCKB559 HC-K1b should not be null and should not be negative. bhckb559 ne null and bhckb559 ge 0

FRY9C 20150331 99991231 No Change HC-K Intraseries 0522 HC-K1c BHCKB560

For June, September, and December, if HI-1d3 (current) minus HI1d3 (previous) is greater than $75K, then HC-K1c (current) should 

be greater than zero.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhck4060-q1 - bhck4060-q2) gt 75 then bhckb560-q1 gt 0

FRY9C 20191231 99991231 No Change HC-K Quality 0522 HC-K1c BHCKB560 For March, if HI-1d3 is greater than $75K, then HC-K1c should be 

greater than zero. if (mm-q1 eq 03) and bhck4060 gt 75 then bhckb560 gt 0

FRY9C 20150331 99991231 No Change HC-K Quality 9480 HC-K1c BHCKB560 HC-K1c should not be null and should not be negative. bhckb560 ne null and bhckb560 ge 0

FRY9C 20160930 99991231 No Change HC-K Intraseries 0523 HC-K2 BHCK3365

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For June, 

September, and December, if HI-1f (current) minus HI-1f 

(previous) is greater than $50K, then HC-K2 (current) should be 

greater than zero.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if (mm-q1 

eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and (bhck4020-q1 - 

bhck4020-q2) gt 50 then bhck3365-q1 gt 0

FRY9C 20160930 99991231 No Change HC-K Quality 0523 HC-K2 BHCK3365 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For March, if HI1f is greater than $50K, then HC-K2 should be greater than zero.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if (mm-q1 

eq 03) and bhck4020 gt 50 then bhck3365 gt 0

FRY9C 20160930 99991231 No Change HC-K Quality 9480 HC-K2 BHCK3365 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-K2 should 

not be null and should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck3365 ne 

null and bhck3365 ge 0

FRY9C 20150331 99991231 No Change HC-K Quality 0394 HC-K3a BHDM3516 HC-K3a should be greater than or equal to the sum of HC-K3a1 

and HC-K3a2. bhdm3516 ge (bhdm3465 + bhdm3466)

June 2021 FR Y-9C: EDIT-36 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC-K Quality 6220 HC-K3a BHDM3516 If HC-C12B is greater than zero, then HC-K3a should be greater 

than zero. if bhdm2122 gt 0 then bhdm3516 gt 0

FRY9C 20150331 99991231 No Change HC-K Quality 9480 HC-K3a1 BHDM3465 HC-K3a1 should not be null and should not be negative. bhdm3465 ne null and bhdm3465 ge 0

FRY9C 20150331 99991231 No Change HC-K Quality 9480 HC-K3a2 BHDM3466 HC-K3a2 should not be null and should not be negative. bhdm3466 ne null and bhdm3466 ge 0

FRY9C 20150331 99991231 No Change HC-K Quality 9480 HC-K3a3 BHDM3386 HC-K3a3 should not be null and should not be negative. bhdm3386 ne null and bhdm3386 ge 0

FRY9C 20150331 99991231 No Change HC-K Quality 9480 HC-K3a4 BHDM3387 HC-K3a4 should not be null and should not be negative. bhdm3387 ne null and bhdm3387 ge 0

FRY9C 20150331 99991231 No Change HC-K Quality 9480 HC-K3a5a BHDMB561 HC-K3a5a should not be null and should not be negative. bhdmb561 ne null and bhdmb561 ge 0

FRY9C 20150331 99991231 No Change HC-K Quality 9480 HC-K3a5b BHDMB562 HC-K3a5b should not be null and should not be negative. bhdmb562 ne null and bhdmb562 ge 0

FRY9C 20150331 99991231 No Change HC-K Intraseries 0524 HC-K3b BHFN3360

For June, September, and December, if HI-1a2 (current) minus HI1a2 (previous) is greater than $100K, then HC-K3b (current) should 

be greater than zero.

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhck4059-q1 - bhck4059-q2) gt 100 then bhfn3360-q1 gt 0

FRY9C 20150331 99991231 No Change HC-K Quality 0524 HC-K3b BHFN3360 For March, if HI-1a2 is greater than $100K, then HC-K3b should be 

greater than zero. if (mm-q1 eq 03) and bhck4059 gt 100 then bhfn3360 gt 0

FRY9C 20150331 99991231 No Change HC-K Quality 6230 HC-K4b BHCKB985 If the sum of HC-1b1, HC-1b2, and HC-8 is greater than zero, then 

HC-K4b should be greater than zero. if (bhck0395 + bhck0397 + bhck2130) gt 0 then bhckb985 gt 0

FRY9C 20150331 99991231 No Change HC-K Quality 9480 HC-K4b BHCKB985 HC-K4b should not be null and should not be negative. bhckb985 ne null and bhckb985 ge 0

FRY9C 20150331 99991231 No Change HC-K Intraseries 0526 HC-K5 BHCK3368

If HI-A9 (current) equals zero, and HC-12 (current) plus HC-12 

(previous) is greater than zero then HC-K5 (current) should not be 

equal to zero.

if bhck4356-q1 eq 0 and (bhck2170-q1 + bhck2170-q2) gt 0 then 

bhck3368-q1 ne 0

FRY9C 20150331 99991231 No Change HC-K Quality 6240 HC-K5 BHCK3368 HC-K5 should not equal HC-12. bhck3368 ne bhck2170

FRY9C 20170331 99991231 No Change HC-K Intraseries 0527 HC-K6 BHCK3517

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For June, 

September, and December, if the sum of HI-2a1a, HI-2a1b, and HI2a1c (current) minus the sum of HI-2a1a, HI-2a1b, and HI-2a1c 

(previous) is greater than $50K, then HC-K6 (current) should be 

greater than zero.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if (mm-q1 

eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and ((bhckhk03-q1 + 

bhckhk04-q1 + bhck6761-q1) - (bhckhk03-q2 + bhckhk04-q2 + 

bhck6761-q2)) gt 50 then bhck3517-q1 gt 0

FRY9C 20170331 99991231 No Change HC-K Quality 0527 HC-K6 BHCK3517

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For March, if 

the sum of HI-2a1a, HI-2a1b, and HI-2a1c is greater than $50K, 

then HC-K6 should be greater than zero.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if (mm-q1 

eq 03) and (bhckhk03 + bhckhk04 + bhck6761) gt 50 then 

bhck3517 gt 0

FRY9C 20160930 99991231 No Change HC-K Quality 6256 HC-K6 BHCK3517 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, If HC-K6 is 

greater than $1M, then HC-K6 should not equal HC-13a2.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if bhck3517 

gt 1000 then bhck3517 ne bhdm6636

FRY9C 20160930 99991231 No Change HC-K Quality 9480 HC-K6 BHCK3517 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-K6 should 

not be null and should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck3517 ne 

null and bhck3517 ge 0

FRY9C 20160930 99991231 No Change HC-K Intraseries 0528 HC-K7 BHCK3404

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For June, 

September, and December, if HI-2a2 (current) minus HI-2a2 

(previous) is greater than $20K, then HC-K7 (current) should be 

greater than zero.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if (mm-q1 

eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and (bhck4172-q1 - 

bhck4172-q2) gt 20 then bhck3404-q1 gt 0

FRY9C 20160930 99991231 No Change HC-K Quality 0528 HC-K7 BHCK3404 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For March, if HI2a2 is greater than $20K, then HC-K7 should be greater than zero.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if (mm-q1 

eq 03) and bhck4172 gt 20 then bhck3404 gt 0

FRY9C 20160930 99991231 No Change HC-K Quality 6275 HC-K7 BHCK3404 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, If HC-K7 is 

greater than $1M, then HC-K7 should not equal HC-13b2.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if bhck3404 

gt 1000 then bhck3404 ne bhfn6636

FRY9C 20160930 99991231 No Change HC-K Quality 9480 HC-K7 BHCK3404 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-K7 should 

not be null and should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck3404 ne 

null and bhck3404 ge 0

FRY9C 20160930 99991231 No Change HC-K Intraseries 0529 HC-K8 BHCK3353

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For June, 

September, and December, if HI-2b (current) minus HI2b(previous) is greater than $50K, then HC-K8 (current) should be 

greater than zero.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if (mm-q1 

eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and (bhck4180-q1 - 

bhck4180-q2) gt 50 then bhck3353-q1 gt 0

FRY9C 20160930 99991231 No Change HC-K Quality 0529 HC-K8 BHCK3353 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, For March, if HI2b is greater than $50K, then HC-K8 should be greater than zero.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if (mm-q1 

eq 03) and bhck4180 gt 50 then bhck3353 gt 0

FRY9C 20160930 99991231 No Change HC-K Quality 9480 HC-K8 BHCK3353 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-K8 should 

not be null and should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck3353 ne 

null and bhck3353 ge 0

June 2021 FR Y-9C: EDIT-37 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20191231 99991231 No Change HC-K Intraseries 0530 HC-K9 BHCK2635

For June, September, and December, if previous year June HC-12 

is greater than or equal to $5 billion and if HC-15 (current) equals 

zero and HI-2c (current) minus HI-2c (previous) is greater than 

$100K, then HC-K9 (current) should be greater than zero.

if ((mm-q1 eq 06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 

09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and 

bhck2170-q7 ge 5000000)) and bhck3548-q1 eq 0 and 

(bhck4185-q1 - bhck4185-q2) gt 100 then bhck2635-q1 gt 0

FRY9C 20191231 99991231 No Change HC-K Quality 0530 HC-K9 BHCK2635

For March, if previous year June HC-12 is greater than or equal to 

$5 billion and HC-15 equals zero and HI-2c is greater than $100K, 

then HC-K9 should be greater than zero.

if (mm-q1 eq 03 and bhck2170-q4 ge 5000000) and bhck3548 

eq 0 and bhck4185 gt 100 then bhck2635 gt 0

FRY9C 20150331 99991231 No Change HC-K Quality 9480 HC-K9 BHCK2635 HC-K9 should not be null and should not be negative. bhck2635 ne null and bhck2635 ge 0

FRY9C 20150331 99991231 No Change HC-K Intraseries 0532 HC-K11 BHCK3519 If HC-27a (current) is not equal to zero or HC-27a (previous) is not 

equal to zero, then HC-K11 (current) should not be equal to zero.

if (bhck3210-q1 ne 0 or bhck3210-q2 ne 0) then bhck3519-q1 

ne 0

FRY9C 20150331 99991231 No Change HC-K Quality 6293 HC-K11 BHCK3519 Sum of HC-K6 through HC-K11 should be less than or equal to HCK5.

(bhck3517 + bhck3404 + bhck3353 + bhck2635 + bhck3519) le 

bhck3368

FRY9C 20150331 99991231 No Change HC-L Quality 6297 HC-L1a BHCK3814 If HC-C1c1B equals zero, then HC-L1a should be less than $500K. if bhdm1797 eq 0 then bhck3814 lt 500

FRY9C 20150331 99991231 No Change HC-L Quality 9480 HC-L1a BHCK3814 HC-L1a should not be null and should not be negative. bhck3814 ne null and bhck3814 ge 0

FRY9C 20150331 99991231 No Change HC-L Quality 9480 HC-L1c1 BHCK3816 HC-L1c1 should not be null and should not be negative. bhck3816 ne null and bhck3816 ge 0

FRY9C 20150331 99991231 No Change HC-L Quality 9480 HC-L1c1a BHCKF164 HC-L1c1a should not be null and should not be negative. bhckf164 ne null and bhckf164 ge 0

FRY9C 20150331 99991231 No Change HC-L Quality 9480 HC-L1c1b BHCKF165 HC-L1c1b should not be null and should not be negative. bhckf165 ne null and bhckf165 ge 0

FRY9C 20150331 99991231 No Change HC-L Quality 6299 HC-L1c2 BHCK6550 If HC-L1c2 is greater than $1M, then HC-CM2 should be greater 

than zero. if bhck6550 gt 1000 then bhck2746 gt 0

FRY9C 20150331 99991231 No Change HC-L Quality 9480 HC-L1c2 BHCK6550 HC-L1c2 should not be null and should not be negative. bhck6550 ne null and bhck6550 ge 0

FRY9C 20150331 99991231 No Change HC-L Intraseries 6300 HC-L1d BHCK3817 If HC-L1d (previous) equals zero, then HC-L1d (current) should 

equal zero. if bhck3817-q2 eq 0 then bhck3817-q1 eq 0

FRY9C 20150331 99991231 No Change HC-L Quality 9480 HC-L1e1 BHCKJ457 HC-L1e1 should not be null and should not be negative. bhckj457 ne null and bhckj457 ge 0

FRY9C 20150331 99991231 No Change HC-L Quality 9480 HC-L1e2 BHCKJ458 HC-L1e2 should not be null and should not be negative. bhckj458 ne null and bhckj458 ge 0

FRY9C 20150331 99991231 No Change HC-L Quality 9480 HC-L1e3 BHCKJ459 HC-L1e3 should not be null and should not be negative. bhckj459 ne null and bhckj459 ge 0

FRY9C 20150331 99991231 No Change HC-L Quality 6306 HC-L2 BHCK6566 If HC-L2 is greater than zero, then HC-L2a should not equal HC-L2. if bhck6566 gt 0 then bhck3820 ne bhck6566

FRY9C 20150331 99991231 No Change HC-L Quality 9480 HC-L2 BHCK6566 HC-L2 should not be null and should not be negative. bhck6566 ne null and bhck6566 ge 0

FRY9C 20150331 99991231 No Change HC-L Quality 9470 HC-L2a BHCK3820 HC-L2a should not be negative. bhck3820 ge 0 or bhck3820 eq null

FRY9C 20150331 99991231 No Change HC-L Quality 6309 HC-L3 BHCK6570 If HC-L3 is greater than zero, then HC-L3a should not equal HC-L3. if bhck6570 gt 0 then bhck3822 ne bhck6570

FRY9C 20150331 99991231 No Change HC-L Quality 9480 HC-L3 BHCK6570 HC-L3 should not be null and should not be negative. bhck6570 ne null and bhck6570 ge 0

FRY9C 20150331 99991231 No Change HC-L Quality 9470 HC-L3a BHCK3822 HC-L3a should not be negative. bhck3822 ge 0 or bhck3822 eq null

FRY9C 20150331 99991231 No Change HC-L Quality 9480 HC-L4 BHCK3411 HC-L4 should not be null and should not be negative. bhck3411 ne null and bhck3411 ge 0

FRY9C 20190630 99991231 No Change HC-L Intraseries 6313 HC-L6a BHCK3433

If the sum of HC-BM1 (previous) and HC-L6a (previous) is less than 

or equal to the sum of HC-2a (previous) and HC-2b (previous), 

then the sum of HC-BM1 (current) and HC-L6a (current) should be 

less than or equal to the sum of HC-2a (current) and HC-2b 

if (bhck0416-q2 + bhck3433-q2) le (bhckjj34-q2 + bhck1773-q2) 

then (bhck0416-q1 + bhck3433-q1) le (bhckjj34-q1 + bhck1773-

q1)

FRY9C 20150331 99991231 No Change HC-L Quality 9480 HC-L6a BHCK3433 HC-L6a should not be null and should not be negative. bhck3433 ne null and bhck3433 ge 0

FRY9C 20150331 99991231 No Change HC-L Intraseries 6316 HC-L7a4A BHCKC974

If the sum of HC-L7a1A through HC-L7a4A (previous) is greater 

than the sum of HC-L7a1B through HC-L7a4B (previous), then the 

sum of HC-L7a1A through HC-L7a4A (current) should be greater 

than the sum of HC-L7a1B through HC-L7a4B (current).

if ((bhckc968-q2 + bhckc970-q2 + bhckc972-q2 + bhckc974-q2) 

gt (bhckc969-q2 + bhckc971-q2 + bhckc973-q2 + bhckc975-q2)) 

then ((bhckc968-q1 + bhckc970-q1 + bhckc972-q1 + bhckc974-

q1) gt (bhckc969-q1 + bhckc971-q1 + bhckc973-q1 + bhckc975-

q1))

FRY9C 20150331 99991231 No Change HC-L Intraseries 6317 HC-L7a4B BHCKC975

If the sum of HC-L7a1B through HC-L7a4B (previous) is greater 

than the sum of HC-L7a1A through HC-L7a4A (previous), then the 

sum of HC-L7a1B through HC-L7a4B (current) should be greater 

than the sum of HC-L7a1A through HC-L7a4A (current).

if ((bhckc969-q2 + bhckc971-q2 + bhckc973-q2 + bhckc975-q2) 

gt (bhckc968-q2 + bhckc970-q2 + bhckc972-q2 + bhckc974-q2)) 

then ((bhckc969-q1 + bhckc971-q1 + bhckc973-q1 + bhckc975-

q1) gt (bhckc968-q1 + bhckc970-q1 + bhckc972-q1 + bhckc974-

q1))

FRY9C 20150331 99991231 No Change HC-L Intraseries 6319 HC-L8 BHCK8765 If HC-L8 (previous) is greater than zero, then HC-L8 (current) 

should be greater than zero. if bhck8765-q2 gt 0 then bhck8765-q1 gt 0

FRY9C 20150331 99991231 No Change HC-L Quality 6320 HC-L9 BHCK3430 HC-L9 divided by HC-12 should not exceed tolerance of 10% (bhck3430/bhck2170) *100 le 10

June 2021 FR Y-9C: EDIT-38 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC-L Quality 9480 HC-L9 BHCK3430 HC-L9 should not be null and should not be negative. bhck3430 ne null and bhck3430 ge 0

FRY9C 20150331 99991231 No Change HC-L Intraseries 6326 HC-L9a BHCK3434

If the sum of HC-L9a (previous) through HC-L9f (previous) is 

greater than zero, and 25 percent of HC-27a (current) exceeds 

$5M, then the sum of HC-L9a (current) through HC-L9f (current) 

should be greater than zero.

if (bhck3434-q2 + bhck3435-q2 + bhck6561-q2 + bhck6562-q2 + 

bhck6568-q2 + bhck6586-q2) gt 0 and (bhck3210-q1 * .25) gt 

5000 then (bhck3434-q1 + bhck3435-q1 + bhck6561-q1 + 

bhck6562-q1 + bhck6568-q1 + bhck6586-q1) gt 0

FRY9C 20150331 99991231 No Change HC-L Quality 9480 HC-L6b BHCK3432 HC-L6b should not be null and should not be negative. bhck3432 ne null and bhck3432 ge 0

FRY9C 20150331 99991231 No Change HC-L Quality 9480 HC-L9a BHCK3434 HC-L9a should not be null and should not be negative. bhck3434 ne null and bhck3434 ge 0

FRY9C 20150331 99991231 No Change HC-L Quality 9480 HC-L9b BHCK3435 HC-L9b should not be null and should not be negative. bhck3435 ne null and bhck3435 ge 0

FRY9C 20150331 99991231 No Change HC-L Quality 6330 HC-L9c BHCK6561 If financial data is not equal to null or zero, then text data should 

not be null. if bhck6561 ne null and bhck6561 ne 0 then text6561 ne null

FRY9C 20150331 99991231 No Change HC-L Quality 9480 HC-L9c BHCK6561 HC-L9c should not be null and should not be negative. bhck6561 ne null and bhck6561 ge 0

FRY9C 20150331 99991231 No Change HC-L Quality 6331 HC-L9cTX TEXT6561

If text data is not equal to null, then financial data should not 

equal null or zero. if text6561 ne null then bhck6561 ne null and bhck6561 ne 0

FRY9C 20150331 99991231 No Change HC-L Quality 6332 HC-L9d BHCK6562 If financial data is not equal to null or zero, then text data should 

not be null. if bhck6562 ne null and bhck6562 ne 0 then text6562 ne null

FRY9C 20150331 99991231 No Change HC-L Quality 9480 HC-L9d BHCK6562 HC-L9d should not be null and should not be negative. bhck6562 ne null and bhck6562 ge 0

FRY9C 20150331 99991231 No Change HC-L Quality 6333 HC-L9dTX TEXT6562 If text data is not equal to null, then financial data should not 

equal null or zero. if text6562 ne null then bhck6562 ne null and bhck6562 ne 0

FRY9C 20150331 99991231 No Change HC-L Quality 6334 HC-L9e BHCK6568 If financial data is not equal to null or zero, then text data should 

not be null. if bhck6568 ne null and bhck6568 ne 0 then text6568 ne null

FRY9C 20150331 99991231 No Change HC-L Quality 9480 HC-L9e BHCK6568 HC-L9e should not be null and should not be negative. bhck6568 ne null and bhck6568 ge 0

FRY9C 20150331 99991231 No Change HC-L Quality 6335 HC-L9eTX TEXT6568 If text data is not equal to null, then financial data should not 

equal null or zero. if text6568 ne null then bhck6568 ne null and bhck6568 ne 0

FRY9C 20150331 99991231 No Change HC-L Quality 6336 HC-L9f BHCK6586 If financial data is not equal to null or zero, then text data should 

not be null. if bhck6586 ne null and bhck6586 ne 0 then text6586 ne null

FRY9C 20150331 99991231 No Change HC-L Quality 9480 HC-L9f BHCK6586 HC-L9f should not be null and should not be negative. bhck6586 ne null and bhck6586 ge 0

FRY9C 20150331 99991231 No Change HC-L Quality 6337 HC-L9fTX TEXT6586 If text data is not equal to null, then financial data should not 

equal null or zero. if text6586 ne null then bhck6586 ne null and bhck6586 ne 0

FRY9C 20180630 99991231 No Change HC-L Quality 6360 HC-L12D BHCK8724 If the sum of HC-D11 and HC-D14 is greater than zero, then the 

sum of HC-L12 (Columns A through D) should be greater than 

if ((bhcm3543 + bhck3547) gt 0) then ((bhcka126 + bhcka127 + 

bhck8723 + bhck8724) gt 0)

FRY9C 20150331 99991231 No Change HC-M Quality 6455 HC-M1 BHCK3459 (HC-24 multiplied by 1000) divided by HC-M1 should be less than 

or equal to 100. if bhck3459 ne 0 then (bhck3230 * 1000) / bhck3459 le 100

FRY9C 20150331 99991231 No Change HC-M Quality 6465 HC-M1 BHCK3459 If HC-24 does not equal zero or null, then HC-M1 should be 

greater than zero. if (bhck3230 ne 0 and bhck3230 ne null) then bhck3459 gt 0

FRY9C 20150331 99991231 No Change HC-M Quality 9480 HC-M1 BHCK3459 HC-M1 should not be null and should not be negative. bhck3459 ne null and bhck3459 ge 0

FRY9C 20160930 99991231 No Change HC-M Quality 9480 HC-M2 BHCK6555 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-M2 should 

not be null and should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck6555 ne 

null and bhck6555 ge 0

FRY9C 20160930 99991231 No Change HC-M Quality 9480 HC-M3 BHCK6556 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-M3 should 

not be null and should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck6556 ne 

null and bhck6556 ge 0

FRY9C 20150331 99991231 No Change HC-M Quality 9480 HC-M4 BHCK6557 HC-M4 should not be null and should not be negative. bhck6557 ne null and bhck6557 ge 0

FRY9C 20150331 99991231 No Change HC-M Quality 6480 HC-M5 BHCKA288 If HC-M5 is greater than zero, then HC-M5 should not equal HC-3b 

or HC-14b.

if bhcka288 gt 0 then ((bhcka288 ne bhckb989) and (bhcka288 

ne bhckb995))

FRY9C 20150331 99991231 No Change HC-M Quality 9480 HC-M5 BHCKA288 HC-M5 should not be null and should not be negative. bhcka288 ne null and bhcka288 ge 0

FRY9C 20180930 99991231 No Change HC-M Quality 9480 HC-M7a BHCKK193 For December, HC-M7a should not be null and should not be 

negative.

if (mm-q1 eq 12) then bhckk193 ne null and bhckk193 ge 0

FRY9C 20180930 99991231 No Change HC-M Quality 9480 HC-M7b BHCKK194 For December, HC-M7b should not be null and should not be 

negative.

if (mm-q1 eq 12) then bhckk194 ne null and bhckk194 ge 0

FRY9C 20150331 99991231 No Change HC-M Intraseries 6501 HC-M8 BHCKC251

For June, September, and December, if HC-M8 (previous) is equal 

to 1 (yes), then HC-M8 (current) should equal 1 (yes) and HC-M8 

should not equal null.

if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhckc251-q2 eq 1)) then bhckc251-q1 eq 1 and bhckc251 ne 

null

FRY9C 20150331 99991231 No Change HC-M Quality 9480 HC-M8 BHCKC251 HC-M8 should not be null and should not be negative. bhckc251 ne null and bhckc251 ge 0

June 2021 FR Y-9C: EDIT-39 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC-M Quality 9480 HC-M9 BHCK6689 HC-M9 should not be null and should not be negative. bhck6689 ne null and bhck6689 ge 0

FRY9C 20150331 99991231 No Change HC-M Quality 6520 HC-M12a BHCK3164 HC-M12a should be less than or equal to HC-M12a1. (+25K) bhck3164 le (bhck6438 + 25)

FRY9C 20150331 99991231 No Change HC-M Quality 9480 HC-M12a BHCK3164 HC-M12a should not be null and should not be negative. bhck3164 ne null and bhck3164 ge 0

FRY9C 20150331 99991231 No Change HC-M Quality 6530 HC-M12a1 BHCK6438 If HC-M12a is greater than zero, then HC-M12a1 should be greater 

than zero. if bhck3164 gt 0 then bhck6438 gt 0

FRY9C 20150331 99991231 No Change HC-M Quality 6533 HC-M12a1 BHCK6438 If HC-M12a1 is greater than zero, then HC-M12a should be greater 

than zero. if bhck6438 gt 0 then bhck3164 gt 0

FRY9C 20150331 99991231 No Change HC-M Quality 9480 HC-M12a1 BHCK6438 HC-M12a1 should not be null and should not be negative. bhck6438 ne null and bhck6438 ge 0

FRY9C 20180930 99991231 No Change HC-M Quality 9490 HC-M12c BHCKJF76 HC-M12c should not be null. bhckjf76 ne null

FRY9C 20180630 99991231 No Change HC-M Quality 9500 HC-M12d BHCT2143 HC-M12d should not be null and should not be negative. bhct2143 ne null and bhct2143 ge 0

FRY9C 20150331 99991231 No Change HC-M Quality 9500 HC-M14a BHCK2309 HC-M14a should not be null and should not be negative. bhck2309 ne null and bhck2309 ge 0

FRY9C 20150331 99991231 No Change HC-M Quality 9500 HC-M14b BHCK2332 HC-M14b should not be null and should not be negative. bhck2332 ne null and bhck2332 ge 0

FRY9C 20150331 99991231 No Change HC-M Intraseries 6540 HC-M14c BHCK2333 If HC-M14c (previous) is greater than zero then HC-16 (current) 

should be greater than zero. if bhck2333-q2 gt 0 then bhck3190-q1 gt 0

FRY9C 20150331 99991231 No Change HC-M Quality 9500 HC-M14c BHCK2333 HC-M14c should not be null and should not be negative. bhck2333 ne null and bhck2333 ge 0

FRY9C 20150331 99991231 No Change HC-M Quality 9500 HC-M14d BHCT3190 HC-M14d should not be null and should not be negative. bhct3190 ne null and bhct3190 ge 0

FRY9C 20150331 99991231 No Change HC-M Quality 6547 HC-M15 BHCKB569 For March, if HI-Mem12a is greater than $10 thousand, then HCM15 should equal 1 (yes) and HC-M15 should not equal null.

if (mm-q1 eq 03 and bhck8431 gt 10) then bhckb569 eq 1 and 

bhckb569 ne null

FRY9C 20150331 99991231 No Change HC-M Intraseries 6549 HC-M15 BHCKB569

For June, September and December, if HI-Mem12a (current - 

previous) is greater than $10 thousand, then HC-M15 should equal 

1 (yes) and HC-M15 should not equal null.

if ((mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhck8431-q1 - bhck8431-q2) gt 10) then bhckb569 eq 1 and 

bhckb569 ne null

FRY9C 20150331 99991231 No Change HC-M Intraseries 6550 HC-M15 BHCKB569 If HC-M15 (previous) equals 1 (yes) then HC-M15 (current) should 

equal 1 (yes) and HC-M15 should not be null.

if (bhckb569-q2 eq 1) then( bhckb569-q1 eq 1) and bhckb569 

ne null

FRY9C 20150331 99991231 No Change HC-M Quality 9500 HC-M15 BHCKB569 HC-M15 should not be null and should not be negative. bhckb569 ne null and bhckb569 ge 0

FRY9C 20150331 99991231 No Change HC-M Intraseries 6555 HC-M16 BHCKB570 If HC-M16 (previous) is greater than zero, then HC-M16 (current) 

should be greater than zero. if (bhckb570-q2 gt 0) then (bhckb570-q1 gt 0)

FRY9C 20150331 99991231 No Change HC-M Quality 9500 HC-M16 BHCKB570 HC-M16 should not be null and should not be negative. bhckb570 ne null and bhckb570 ge 0

FRY9C 20150331 99991231 No Change HC-M Quality 9510 HC-M17 BHCKC161 HC-M17 should not be negative. bhckc161 ge 0 or bhckc161 eq null

FRY9C 20150331 99991231 No Change HC-M Quality 9510 HC-M18 BHCKC159 HC-M18 should not be negative. bhckc159 ge 0 or bhckc159 eq null

FRY9C 20150331 99991231 No Change HC-M Quality 9510 HC-M19a BHCKC700 HC-M19a should not be negative. bhckc700 ge 0 or bhckc700 eq null

FRY9C 20150331 99991231 No Change HC-M Quality 9510 HC-M19b BHCKC701 HC-M19b should not be negative. bhckc701 ge 0 or bhckc701 eq null

FRY9C 20150331 99991231 No Change HC-M Quality 9510 HC-M20a BHCKC252 HC-M20a should not be negative. bhckc252 ge 0 or bhckc252 eq null

FRY9C 20150331 99991231 No Change HC-M Quality 9510 HC-M20b1 BHCK4832 HC-M20b1 should not be negative. bhck4832 ge 0 or bhck4832 eq null

FRY9C 20160930 99991231 No Change HC-M Quality 9510 HC-M20b2 BHCK4833 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-M20b2 

should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck4833 ge 

0 or bhck4833 eq null

FRY9C 20150331 99991231 No Change HC-M Quality 9510 HC-M20b3 BHCK4834 HC-M20b3 should not be negative. bhck4834 ge 0 or bhck4834 eq null

FRY9C 20150331 99991231 No Change HC-M Quality 9510 HC-M20c1 BHCK5041 HC-M20c1 should not be negative. bhck5041 ge 0 or bhck5041 eq null

FRY9C 20160930 99991231 No Change HC-M Quality 9510 HC-M20c2 BHCK5043 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-M20c2 

should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhck5043 

ge 0 or bhck5043 eq null

FRY9C 20150331 99991231 No Change HC-M Quality 9510 HC-M20c3 BHCK5045 HC-M20c3 should not be negative. bhck5045 ge 0 or bhck5045 eq null

FRY9C 20150331 99991231 No Change HC-M Quality 9510 HC-M20d BHCK5047 HC-M20d should not be negative. bhck5047 ge 0 or bhck5047 eq null

FRY9C 20150331 99991231 No Change HC-M Quality 9510 HC-M21 BHCKC253 HC-M21 should not be negative. bhckc253 ge 0 or bhckc253 eq null

FRY9C 20160930 99991231 No Change HC-M Quality 6562 HC-M23a BHCKF064 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-M23a 

should be less than or equal to HC-14a.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhckf064 le 

bhdmb993

FRY9C 20160930 99991231 No Change HC-M Quality 9520 HC-M23a BHCKF064 For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, HC-M23a 

should not be null and should not be negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, bhckf064 ne 

null and bhckf064 ge 0

FRY9C 20150331 99991231 No Change HC-M Quality 6564 HC-M23b BHCKF065 HC-M23b should be less than or equal to HC-M14d. bhckf065 le bhct3190

FRY9C 20150331 99991231 No Change HC-M Quality 9520 HC-M23b BHCKF065 HC-M23b should not be null and should not be negative. bhckf065 ne null and bhckf065 ge 0

FRY9C 20150331 99991231 No Change HC-M Quality 9520 HC-M24a BHCKG234 HC-M24a should not be null and should not be negative. bhckg234 ne null and bhckg234 ge 0

June 2021 FR Y-9C: EDIT-40 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC-M Quality 9520 HC-M24b BHCKG235 HC-M24b should not be null and should not be negative. bhckg235 ne null and bhckg235 ge 0

FRY9C 20200630 99991231 No Change HC-M Quality 9521 HC-M25a BHCKLG26 If HC-M25a is greater than zero, then HC-M25b should be greater 

than zero if bhcklg26 gt 0, then bhcklg27 gt0

FRY9C 20200630 99991231 No Change HC-M Quality 9522 HC-M25b BHCKLG27 if HC-C4b is greater than zero, then HC-M25b should be less than 

HC-C4B

if bhdm1766 gt 0, bhcklg27 lt bhdm1766

FRY9C 20200630 99991231 No Change HC-M Quality 9523 HC-M25c BHCKLG28 HC-M25c should be less than or equal to HC-M25b bhcklg28 le bhcklg27

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1a1A BHCKF172 HC-N1a1A should not be null and should not be negative. bhckf172 ne null and bhckf172 ge 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 6570 HC-N1a1B BHCKF174

If HC-N1a1A (previous) is greater than zero and HC-N1a1B 

(previous) is greater than zero and the sum of HC-N1a1A 

(previous) and HC-N1a1B (previous) is greater than $1 million and 

HC-C1a1B (current) is greater than zero, then the sum of HCN1a1A (current) and HC-N1a1B (current) should be greater than 

zero.

if (bhckf172-q2 gt 0) and (bhckf174-q2 gt 0) and ((bhckf172-q2 

+ bhckf174-q2) gt 1000) and (bhckf158-q1 gt 0) then ((bhckf172-

q1 + bhckf174-q1) gt 0)

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1a1B BHCKF174 HC-N1a1B should not be null and should not be negative. bhckf174 ne null and bhckf174 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1a1C BHCKF176 HC-N1a1C should not be null and should not be negative. bhckf176 ne null and bhckf176 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1a2A BHCKF173 HC-N1a2A should not be null and should not be negative. bhckf173 ne null and bhckf173 ge 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 0138 HC-N1a2B BHCKF175

If HC-N1a2A (previous) is greater than zero and HC-N1a2B 

(previous) is greater than zero and the sum of HC-N1a2A 

(previous) and HC-N1a2B (previous) is greater than $1 million and 

HC-C1a2B (current) is greater than zero, then the sum of HCN1a2A (current) and HC-N1a2B (current) should be greater than 

zero.

if (bhckf173-q2 gt 0) and (bhckf175-q2 gt 0) and ((bhckf173-q2 

+ bhckf175-q2) gt 1000) and (bhckf159-q1 gt 0) then ((bhckf173-

q1 + bhckf175-q1) gt 0)

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1a2B BHCKF175 HC-N1a2B should not be null and should not be negative. bhckf175 ne null and bhckf175 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1a2C BHCKF177 HC-N1a2C should not be null and should not be negative. bhckf177 ne null and bhckf177 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1bA BHCK3493 HC-N1bA should not be null and should not be negative. bhck3493 ne null and bhck3493 ge 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 6575 HC-N1bB BHCK3494

If HC-N1bA (previous) is greater than zero and HC-N1bB (previous) 

is greater than zero and the sum of HC-N1bA (previous) and HCN1bB (previous) is greater than $1 million and HC-C1bB (current) 

is greater than zero, then the sum of HC-N1bA (current) and HCN1bB (current) should be greater than zero.

if (bhck3493-q2 gt 0) and (bhck3494-q2 gt 0) and ((bhck3493-q2 

+ bhck3494-q2) gt 1000) and (bhdm1420-q1 gt 0) then 

((bhck3493-q1 + bhck3494-q1) gt 0)

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1bB BHCK3494 HC-N1bB should not be null and should not be negative. bhck3494 ne null and bhck3494 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1bC BHCK3495 HC-N1bC should not be null and should not be negative. bhck3495 ne null and bhck3495 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1c1A BHCK5398 HC-N1c1A should not be null and should not be negative. bhck5398 ne null and bhck5398 ge 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 6580 HC-N1c1B BHCK5399

If HC-N1c1A (previous) is greater than zero and HC-N1c1B 

(previous) is greater than zero and the sum of HC-N1c1A 

(previous) and HC-N1c1B (previous) is greater than $1 million and 

HC-C1c1B (current) is greater than zero, then the sum of HCN1c1A (current) and HC-N1c1B (current) should be greater than 

zero.

if (bhck5398-q2 gt 0) and (bhck5399-q2 gt 0) and ((bhck5398-q2 

+ bhck5399-q2) gt 1000) and (bhdm1797-q1 gt 0) then 

((bhck5398-q1 + bhck5399-q1) gt 0)

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1c1B BHCK5399 HC-N1c1B should not be null and should not be negative. bhck5399 ne null and bhck5399 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1c1C BHCK5400 HC-N1c1C should not be null and should not be negative. bhck5400 ne null and bhck5400 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1c2aA BHCKC236 HC-N1c2aA should not be null and should not be negative. bhckc236 ne null and bhckc236 ge 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 6585 HC-N1c2aB BHCKC237

If HC-N1c2aA (previous) is greater than zero and HC-N1c2aB 

(previous) is greater than zero and the sum of HC-N1c2aA 

(previous) and HC-N1c2aB (previous) is greater than $1 million 

and HC-C1c2aB (current) is greater than zero, then the sum of HCN1c2aA (current) and HC-N1c2aB (current) should be greater than 

zero.

if (bhckc236-q2 gt 0) and (bhckc237-q2 gt 0) and ((bhckc236-q2 

+ bhckc237-q2) gt 1000) and (bhdm5367-q1 gt 0) then 

((bhckc236-q1 + bhckc237-q1) gt 0)

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1c2aB BHCKC237 HC-N1c2aB should not be null and should not be negative. bhckc237 ne null and bhckc237 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1c2aC BHCKC229 HC-N1c2aC should not be null and should not be negative. bhckc229 ne null and bhckc229 ge 0

June 2021 FR Y-9C: EDIT-41 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1c2bA BHCKC238 HC-N1c2bA should not be null and should not be negative. bhckc238 ne null and bhckc238 ge 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 6590 HC-N1c2bB BHCKC239

If HC-N1c2bA (previous) is greater than zero and HC-N1c2bB 

(previous) is greater than zero and the sum of HC-N1c2bA 

(previous) and HC-N1c2bB (previous) is greater than $1 million 

and HC-C1c2bB (current) is greater than zero, then the sum of HCN1c2bA (current) and HC-N1c2bB (current) should be greater than 

zero.

if (bhckc238-q2 gt 0) and (bhckc239-q2 gt 0) and ((bhckc238-q2 

+ bhckc239-q2) gt 1000) and (bhdm5368-q1 gt 0) then 

((bhckc238-q1 + bhckc239-q1) gt 0)

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1c2bB BHCKC239 HC-N1c2bB should not be null and should not be negative. bhckc239 ne null and bhckc239 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1c2bC BHCKC230 HC-N1c2bC should not be null and should not be negative. bhckc230 ne null and bhckc230 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1dA BHCK3499 HC-N1dA should not be null and should not be negative. bhck3499 ne null and bhck3499 ge 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 6595 HC-N1dB BHCK3500

If HC-N1dA (previous) is greater than zero and HC-N1dB (previous) 

is greater than zero and the sum of HC-N1dA (previous) and HCN1dB (previous) is greater than $1 million and HC-C1dB (current) 

is greater than zero, then the sum of HC-N1dA (current) and HCN1dB (current) should be greater than zero.

if (bhck3499-q2 gt 0) and (bhck3500-q2 gt 0) and ((bhck3499-q2 

+ bhck3500-q2) gt 1000) and (bhdm1460-q1 gt 0) then 

((bhck3499-q1 + bhck3500-q1) gt 0)

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1dB BHCK3500 HC-N1dB should not be null and should not be negative. bhck3500 ne null and bhck3500 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1dC BHCK3501 HC-N1dC should not be null and should not be negative. bhck3501 ne null and bhck3501 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1e1A BHCKF178 HC-N1e1A should not be null and should not be negative. bhckf178 ne null and bhckf178 ge 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 6600 HC-N1e1B BHCKF180

If HC-N1e1A (previous) is greater than zero and HC-N1e1B 

(previous) is greater than zero and the sum of HC-N1e1A 

(previous) and HC-N1e1B (previous) is greater than $1 million and 

HC-C1e1B (current) is greater than zero, then the sum of HCN1e1A (current) and HC-N1e1B (current) should be greater than 

zero.

if (bhckf178-q2 gt 0) and (bhckf180-q2 gt 0) and ((bhckf178-q2 

+ bhckf180-q2) gt 1000) and (bhckf160-q1 gt 0) then ((bhckf178-

q1 + bhckf180-q1) gt 0)

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1e1B BHCKF180 HC-N1e1B should not be null and should not be negative. bhckf180 ne null and bhckf180 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1e1C BHCKF182 HC-N1e1C should not be null and should not be negative. bhckf182 ne null and bhckf182 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1e2A BHCKF179 HC-N1e2A should not be null and should not be negative. bhckf179 ne null and bhckf179 ge 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 0141 HC-N1e2B BHCKF181

If HC-N1e2A (previous) is greater than zero and HC-N1e2B 

(previous) is greater than zero and the sum of HC-N1e2A 

(previous) and HC-N1e2B (previous) is greater than $1 million and 

HC-C1e2B (current) is greater than zero, then the sum of HCN1e2A (current) and HC-N1e2B (current) should be greater than 

zero.

if (bhckf179-q2 gt 0) and (bhckf181-q2 gt 0) and ((bhckf179-q2 

+ bhckf181-q2) gt 1000) and (bhckf161-q1 gt 0) then ((bhckf179-

q1 + bhckf181-q1) gt 0)

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1e2B BHCKF181 HC-N1e2B should not be null and should not be negative. bhckf181 ne null and bhckf181 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1e2C BHCKF183 HC-N1e2C should not be null and should not be negative. bhckf183 ne null and bhckf183 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1fA BHCKB572 HC-N1fA should not be null and should not be negative. bhckb572 ne null and bhckb572 ge 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 6605 HC-N1fB BHCKB573

If HC-N1fA (previous) is greater than zero and HC-N1fB (previous) 

is greater than zero and the sum of HC-N1fA (previous) and HCN1fB (previous) is greater than $1 million and (HC-C1A minus the 

sum of HC-C1a1B through HC-C1e2B) (current) is greater than 

zero, then the sum of HC-N1fA (current) and HC-N1fB (current) 

should be greater than zero.

if (bhckb572-q2 gt 0) and (bhckb573-q2 gt 0) and ((bhckb572-q2 

+ bhckb573-q2) gt 1000) and ((bhck1410-q1 - (bhckf158-q1 + 

bhckf159-q1 + bhdm1420-q1 + bhdm1797-q1 + bhdm5367-q1 + 

bhdm5368-q1 + bhdm1460-q1 + bhckf160-q1 + bhckf161-q1)) 

gt 0) then ((bhckb572-q1 + bhckb573-q1) gt 0)

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1fB BHCKB573 HC-N1fB should not be null and should not be negative. bhckb573 ne null and bhckb573 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N1fC BHCKB574 HC-N1fC should not be null and should not be negative. bhckb574 ne null and bhckb574 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N2aA BHCK5377 HC-N2aA should not be null and should not be negative. bhck5377 ne null and bhck5377 ge 0

June 2021 FR Y-9C: EDIT-42 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC-N Intraseries 6610 HC-N2aB BHCK5378

If HC-N2aA (previous) is greater than zero and HC-N2aB (previous) 

is greater than zero and the sum of HC-N2aA (previous) and HCN2aB (previous) is greater than $1 million and the sum of (HCC2aA and HC-C2bA) (current) is greater than zero, then the sum of 

HC-N2aA (current) and HC-N2aB (current) should be greater than 

zero.

if (bhck5377-q2 gt 0) and (bhck5378-q2 gt 0) and ((bhck5377-q2 

+ bhck5378-q2) gt 1000) and ((bhck1292-q1 + bhck1296-q1) gt 

0) then ((bhck5377-q1 + bhck5378-q1) gt 0)

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N2aB BHCK5378 HC-N2aB should not be null and should not be negative. bhck5378 ne null and bhck5378 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N2aC BHCK5379 HC-N2aC should not be null and should not be negative. bhck5379 ne null and bhck5379 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N2bA BHCK5380 HC-N2bA should not be null and should not be negative. bhck5380 ne null and bhck5380 ge 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 6615 HC-N2bB BHCK5381

If HC-N2bA (previous) is greater than zero and HC-N2bB (previous) 

is greater than zero and the sum of HC-N2bA (previous) and HCN2bB (previous) is greater than $1 million and the sum of (HCC2aA and HC-C2bA) (current) is greater than zero, then the sum of 

HC-N2bA (current) and HC-N2bB (current) should be greater than 

zero.

if (bhck5380-q2 gt 0) and (bhck5381-q2 gt 0) and ((bhck5380-q2 

+ bhck5381-q2) gt 1000) and (bhck1292-q1 + bhck1296-q1 gt 0) 

then ((bhck5380-q1 + bhck5381-q1) gt 0)

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N2bB BHCK5381 HC-N2bB should not be null and should not be negative. bhck5381 ne null and bhck5381 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N2bC BHCK5382 HC-N2bC should not be null and should not be negative. bhck5382 ne null and bhck5382 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N3A BHCK1594 HC-N3A should not be null and should not be negative. bhck1594 ne null and bhck1594 ge 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 6620 HC-N3B BHCK1597

If HC-N3A (previous) is greater than zero and HC-N3B (previous) is 

greater than zero and the sum of HC-N3A (previous) and HC-N3B 

(previous) is greater than $1 million and HC-C3A (current) is 

greater than zero, then the sum of HC-N3A (current) and HC-N3B 

(current) should be greater than zero.

if (bhck1594-q2 gt 0) and (bhck1597-q2 gt 0) and ((bhck1594-q2 

+ bhck1597-q2) gt 1000) and (bhck1590-q1 gt 0) then 

((bhck1594-q1 + bhck1597-q1) gt 0)

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N3B BHCK1597 HC-N3B should not be null and should not be negative. bhck1597 ne null and bhck1597 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N3C BHCK1583 HC-N3C should not be null and should not be negative. bhck1583 ne null and bhck1583 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N4A BHCK1606 HC-N4A should not be null and should not be negative. bhck1606 ne null and bhck1606 ge 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 6625 HC-N4B BHCK1607

If HC-N4A (previous) is greater than zero and HC-N4B (previous) is 

greater than zero and the sum of HC-N4A (previous) and HC-N4B 

(previous) is greater than $1 million and HC-C4B (current) is 

greater than zero, then the sum of HC-N4A (current) and HC-N4B 

(current) should be greater than zero.

if (bhck1606-q2 gt 0) and (bhck1607-q2 gt 0) and ((bhck1606-q2 

+ bhck1607-q2) gt 1000) and (bhdm1766-q1 gt 0) then 

((bhck1606-q1 + bhck1607-q1) gt 0)

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N4B BHCK1607 HC-N4B should not be null and should not be negative. bhck1607 ne null and bhck1607 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N4C BHCK1608 HC-N4C should not be null and should not be negative. bhck1608 ne null and bhck1608 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N5aA BHCKB575 HC-N5aA should not be null and should not be negative. bhckb575 ne null and bhckb575 ge 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 6635 HC-N5aB BHCKB576

If HC-N5aA (previous) is greater than zero and HC-N5aB (previous) 

is greater than zero and the sum of HC-N5aA (previous) and HCN5aB (previous) is greater than $1 million and HC-C6aA (current) 

is greater than zero, then the sum of HC-N5aA (current) and HCN5aB (current) should be greater than zero.

if (bhckb575-q2 gt 0) and (bhckb576-q2 gt 0) and ((bhckb575-q2 

+ bhckb576-q2) gt 1000) and (bhckb538-q1 gt 0) then 

((bhckb575-q1 + bhckb576-q1) gt 0)

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N5aB BHCKB576 HC-N5aB should not be null and should not be negative. bhckb576 ne null and bhckb576 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N5aC BHCKB577 HC-N5aC should not be null and should not be negative. bhckb577 ne null and bhckb577 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N5bA BHCKK213 HC-N5bA should not be null and should not be negative. bhckk213 ne null and bhckk213 ge 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 0400 HC-N5bB BHCKK214

If HC-N5bA (previous) is greater than zero and HC-N5bB (previous) 

is greater than zero and the sum of HC-N5bA (previous) and HCN5bB (previous) is greater than $1 million and HC-C6cA (current) 

is greater than zero, then the sum of HC-N5bA (current) and HCN5bB (current) should be greater than zero.

if (bhckk213-q2 gt 0) and (bhckk214-q2 gt 0) and ((bhckk213-q2 

+ bhckk214-q2) gt 1000) and (bhckk137-q1 gt 0) then 

((bhckk213-q1 + bhckk214-q1) gt 0)

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N5bB BHCKK214 HC-N5bB should not be null and should not be negative. bhckk214 ne null and bhckk214 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N5bC BHCKK215 HC-N5bC should not be null and should not be negative. bhckk215 ne null and bhckk215 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N5cA BHCKK216 HC-N5cA should not be null and should not be negative. bhckk216 ne null and bhckk216 ge 0

June 2021 FR Y-9C: EDIT-43 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC-N Intraseries 6640 HC-N5cB BHCKK217

If HC-N5cA (previous) is greater than zero and HC-N5cB (previous) 

is greater than zero and the sum of HC-N5cA (previous) and HCN5cB (previous) is greater than $1 million and the sum of HC-C6bA 

(current) and HC-C6dA (current) is greater than zero, then the sum 

of HC-N5cA (current) and HC-N5cB (current) should be greater 

than zero.

if (bhckk216-q2 gt 0) and (bhckk217-q2 gt 0) and ((bhckk216-q2 

+ bhckk217-q2) gt 1000) and ((bhckb539-q1 + bhckk207-q1) gt 

0) then ((bhckk216-q1 + bhckk217-q1) gt 0)

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N5cB BHCKK217 HC-N5cB should not be null and should not be negative. bhckk217 ne null and bhckk217 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N5cC BHCKK218 HC-N5cC should not be null and should not be negative. bhckk218 ne null and bhckk218 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N6A BHCK5389 HC-N6A should not be null and should not be negative. bhck5389 ne null and bhck5389 ge 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 6645 HC-N6B BHCK5390

If HC-N6A (previous) is greater than zero and HC-N6B (previous) is 

greater than zero and the sum of HC-N6A (previous) and HC-N6B 

(previous) is greater than $1 million and HC-C7A (current) is 

greater than zero, then the sum of HC-N6A (current) and HC-N6B 

(current) should be greater than zero.

if ((bhck5389-q2 gt 0) and (bhck5390-q2 gt 0) and ((bhck5389-

q2 + bhck5390-q2) gt 1000) and (bhck2081-q1 gt 0)) then 

((bhck5389-q1 + bhck5390-q1) gt 0)

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N6B BHCK5390 HC-N6B should not be null and should not be negative. bhck5390 ne null and bhck5390 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N6C BHCK5391 HC-N6C should not be null and should not be negative. bhck5391 ne null and bhck5391 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N7A BHCK5459 HC-N7A should not be null and should not be negative. bhck5459 ne null and bhck5459 ge 0

FRY9C 20190331 99991231 No Change HC-N Quality 1003 HC-N7A BHCK5459

For June and December reporting periods, HC-NM9bA should be 

less than or equal to the sum of HC-N1a1A through HC-N7A.

if (mm-q1 eq 06 or mm-q1 eq 12) then bhckl186 le (bhckf172 + 

bhckf173 + bhck3493 + bhck5398 + bhckc236 + bhckc238 + 

bhck3499 + bhckf178 + bhckf179 + bhckb572 + bhck5377 + 

bhck5380 + bhck1594 + bhck1606 + bhckb575 + bhckk213 + 

bhckk216 + bhck5389 + bhck5459)

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N7B BHCK5460 HC-N7B should not be null and should not be negative. bhck5460 ne null and bhck5460 ge 0

FRY9C 20190331 99991231 No Change HC-N Quality 1004 HC-N7B BHCK5460

For June and December reporting periods, HC-NM9bB should be 

less than or equal to the sum of HC-N1a1B through HC-N7B.

if (mm-q1 eq 06 or mm-q1 eq 12) then bhckl187 le (bhckf174 + 

bhckf175 + bhck3494 + bhck5399 + bhckc237 + bhckc239 + 

bhck3500 + bhckf180 + bhckf181 + bhckb573 + bhck5378 + 

bhck5381 + bhck1597 + bhck1607 + bhckb576 + bhckk214 + 

bhckk217 + bhck5390 + bhck5460)

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N7C BHCK5461 HC-N7C should not be null and should not be negative. bhck5461 ne null and bhck5461 ge 0

FRY9C 20190331 99991231 No Change HC-N Quality 1005 HC-N7C BHCK5461

For June and December reporting periods, HC-NM9bC should be 

less than or equal to the sum of HC-N1a1C through HC-N7C.

if (mm-q1 eq 06 or mm-q1 eq 12) then bhckl188 le (bhckf176 + 

bhckf177 + bhck3495 + bhck5400 + bhckc229 + bhckc230 + 

bhck3501 + bhckf182 + bhckf183 + bhckb574 + bhck5379 + 

bhck5382 + bhck1583 + bhck1608 + bhckb577 + bhckk215 + 

bhckk218 + bhck5391 + bhck5461)

FRY9C 20191231 99991231 No Change HC-N Quality 1241 HC-N8aA BHCKF166

If previous year June HC-12 is less than $5 billion, then HC-N8aA 

should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckf166 eq null

FRY9C 20191231 99991231 No Change HC-N Quality 1242 HC-N8aB BHCKF167

If previous year June HC-12 is less than $5 billion, then HC-N8aB 

should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckf167 eq null

FRY9C 20191231 99991231 No Change HC-N Quality 1243 HC-N8aC BHCKF168

If previous year June HC-12 is less than $5 billion, then HC-N8aC 

should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckf168 eq null

FRY9C 20191231 99991231 No Change HC-N Quality 1244 HC-N8bA BHCKF169

If previous year June HC-12 is less than $5 billion, then HC-N8bA 

should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckf169 eq null

June 2021 FR Y-9C: EDIT-44 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20191231 99991231 No Change HC-N Quality 1245 HC-N8bB BHCKF170

If previous year June HC-12 is less than $5 billion, then HC-N8bB 

should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckf170 eq null

FRY9C 20191231 99991231 No Change HC-N Quality 1246 HC-N8bC BHCKF171

If previous year June HC-12 is less than $5 billion, then HC-N8bC 

should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckf171 eq null

FRY9C 20191231 99991231 No Change HC-N Quality 1247 HC-N8cA BHCKKX63

If previous year June HC-12 is less than $5 billion, then HC-N8cA 

should not be null and should not be negative.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckkx63 ne null and bhckkx63 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1248 HC-N8cB BHCKKX64

If previous year June HC-12 is less than $5 billion, then HC-N8cB 

should not be null and should not be negative.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckkx64 ne null and bhckkx64 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1249 HC-N8cC BHCKKX65

If previous year June HC-12 is less than $5 billion, then HC-N8cC 

should not be null and should not be negative.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckkx65 ne null and bhckkx65 ge 0

FRY9C 20180331 99991231 No Change HC-N Quality 9520 HC-N9A BHCK1406 HC-N9A should not be null and should not be negative. bhck1406 ne null and bhck1406 ge 0

FRY9C 20180331 99991231 No Change HC-N Quality 9520 HC-N9B BHCK1407 HC-N9B should not be null and should not be negative. bhck1407 ne null and bhck1407 ge 0

FRY9C 20180331 99991231 No Change HC-N Quality 9520 HC-N9C BHCK1403 HC-N9C should not be null and should not be negative. bhck1403 ne null and bhck1403 ge 0

FRY9C 20180331 99991231 No Change HC-N Quality 6663 HC-N10A BHCK3505 If HC-N10A is greater than zero, then HC-N9A should not equal HCN10A.if bhck3505 gt 0 then bhck1406 ne bhck3505

FRY9C 20180331 99991231 No Change HC-N Quality 9520 HC-N10A BHCK3505 HC-N10A should not be null and should not be negative. bhck3505 ne null and bhck3505 ge 0

FRY9C 20180331 99991231 No Change HC-N Quality 6664 HC-N10B BHCK3506 If HC-N10B is greater than zero, then HC-N9B should not equal HCN10B.if bhck3506 gt 0 then bhck1407 ne bhck3506

FRY9C 20180331 99991231 No Change HC-N Quality 9520 HC-N10B BHCK3506 HC-N10B should not be null and should not be negative. bhck3506 ne null and bhck3506 ge 0

FRY9C 20180331 99991231 No Change HC-N Quality 6666 HC-N10C BHCK3507 If HC-N10C is greater than zero, then HC-N9C should not equal HCN10C.if bhck3507 gt 0 then bhck1403 ne bhck3507)

FRY9C 20180331 99991231 No Change HC-N Intraseries 6667 HC-N10C BHCK3507 If HC-N10C (previous) is greater than or equal to $500 thousand, 

then HC-N10C (current) should be greater than 0. if (bhck3507-q2 ge 500) then (bhck3507-q1 gt 0)

FRY9C 20180331 99991231 No Change HC-N Quality 9520 HC-N10C BHCK3507 HC-N10C should not be null and should not be negative. bhck3507 ne null and bhck3507 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N11A BHCKK036 HC-N11A should not be null and should not be negative. bhckk036 ne null and bhckk036 ge 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 0432 HC-N11B BHCKK037

If HC-N11A (previous) is greater than zero and HC-N11B (previous) 

is greater than zero and the sum of HC-N11A (previous) and HCN11B (previous) is greater than $1 million, then the sum of HCN11A (current) and HC-N11B (current) should be greater than 

zero.

if (bhckk036-q2 gt 0 and bhckk037-q2 gt 0) and (bhckk036-q2 + 

bhckk037-q2) gt 1000 then (bhckk036-q1 + bhckk037-q1) gt 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N11B BHCKK037 HC-N11B should not be null and should not be negative. bhckk037 ne null and bhckk037 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N11C BHCKK038 HC-N11C should not be null and should not be negative. bhckk038 ne null and bhckk038 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 6670 HC-N11aA BHCKK039 If HC-N11A is greater than zero, then the sum of HC-N11aA and 

HC-N11bA should be greater than zero. if bhckk036 gt 0 then (bhckk039 + bhckk042) gt 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N11aA BHCKK039 HC-N11aA should not be null and should not be negative. bhckk039 ne null and bhckk039 ge 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 0433 HC-N11aB BHCKK040

If HC-N11aA (previous) is greater than zero and HC-N11aB 

(previous) is greater than zero and the sum of HC-N11aA 

(previous) and HC-N11aB (previous) is greater than $1 million, 

then the sum of HC-N11aA (current) and HC-N11aB (current) 

should be greater than zero.

if (bhckk039-q2 gt 0 and bhckk040-q2 gt 0) and (bhckk039-q2 + 

bhckk040-q2) gt 1000 then (bhckk039-q1 + bhckk040-q1) gt 0

June 2021 FR Y-9C: EDIT-45 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC-N Quality 6675 HC-N11aB BHCKK040 If HC-N11B is greater than zero, then the sum of HC-N11aB and HCN11bB should be greater than zero. if bhckk037 gt 0 then (bhckk040 + bhckk043) gt 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N11aB BHCKK040 HC-N11aB should not be null and should not be negative. bhckk040 ne null and bhckk040 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 6680 HC-N11aC BHCKK041 If HC-N11C is greater than zero, then the sum of HC-N11aC and HCN11bC should be greater than zero. if bhckk038 gt 0 then (bhckk041 + bhckk044) gt 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N11aC BHCKK041 HC-N11aC should not be null and should not be negative. bhckk041 ne null and bhckk041 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N11bA BHCKK042 HC-N11bA should not be null and should not be negative. bhckk042 ne null and bhckk042 ge 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 0434 HC-N11bB BHCKK043

If HC-N11bA (previous) is greater than zero and HC-N11bB 

(previous) is greater than zero and the sum of HC-N11bA 

(previous) and HC-N11bB (previous) is greater than $1 million, 

then the sum of HC-N11bA (current) and HC-N11bB (current) 

should be greater than zero.

if (bhckk042-q2 gt 0 and bhckk043-q2 gt 0) and (bhckk042-q2 + 

bhckk043-q2) gt 1000 then (bhckk042-q1 + bhckk043-q1) gt 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N11bB BHCKK043 HC-N11bB should not be null and should not be negative. bhckk043 ne null and bhckk043 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-N11bC BHCKK044 HC-N11bC should not be null and should not be negative. bhckk044 ne null and bhckk044 ge 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 0435 HC-N12a1aB BHDMK046

If HC-N12a1aA (previous) is greater than zero and HC-N12a1aB 

(previous) is greater than zero and the sum of HC-N12a1aA 

(previous) and HC-N12a1aB (previous) is greater than $1 million, 

then the sum of HC-N12a1aA (current) and HC-N12a1aB (current) 

should be greater than zero.

if (bhdmk045-q2 gt 0 and bhdmk046-q2 gt 0) and (bhdmk045-

q2 + bhdmk046-q2) gt 1000 then (bhdmk045-q1 + bhdmk046-

q1) gt 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 0436 HC-N12a1bB BHDMK049

If HC-N12a1bA (previous) is greater than zero and HC-N12a1bB 

(previous) is greater than zero and the sum of HC-N12a1bA 

(previous) and HC-N12a1bB (previous) is greater than $1 million, 

then the sum of HC-N12a1bA (current) and HC-N12a1bB (current) 

should be greater than zero.

if (bhdmk048-q2 gt 0 and bhdmk049-q2 gt 0) and (bhdmk048-

q2 + bhdmk049-q2) gt 1000 then (bhdmk048-q1 + bhdmk049-

q1) gt 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 0437 HC-N12a2B BHDMK052

If HC-N12a2A (previous) is greater than zero and HC-N12a2B 

(previous) is greater than zero and the sum of HC-N12a2A 

(previous) and HC-N12a2B (previous) is greater than $1 million, 

then the sum of HC-N12a2A (current) and HC-N12a2B (current) 

should be greater than zero.

if (bhdmk051-q2 gt 0 and bhdmk052-q2 gt 0) and (bhdmk051-

q2 + bhdmk052-q2) gt 1000 then (bhdmk051-q1 + bhdmk052-

q1) gt 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 0438 HC-N12a3aB BHDMK055

If HC-N12a3aA (previous) is greater than zero and HC-N12a3aB 

(previous) is greater than zero and the sum of HC-N12a3aA 

(previous) and HC-N12a3aB (previous) is greater than $1 million, 

then the sum of HC-N12a3aA (current) and HC-N12a3aB (current) 

should be greater than zero.

if (bhdmk054-q2 gt 0 and bhdmk055-q2 gt 0) and (bhdmk054-

q2 + bhdmk055-q2) gt 1000 then (bhdmk054-q1 + bhdmk055-

q1) gt 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 0439

HCN12a3b1B BHDMK058

If HC-N12a3b1A (previous) is greater than zero and HC-N12a3b1B 

(previous) is greater than zero and the sum of HC-N12a3b1A 

(previous) and HC-N12a3b1B (previous) is greater than $1 million, 

then the sum of HC-N12a3b1A (current) and HC-N12a3b1B 

(current) should be greater than zero.

if (bhdmk057-q2 gt 0 and bhdmk058-q2 gt 0) and (bhdmk057-

q2 + bhdmk058-q2) gt 1000 then (bhdmk057-q1 + bhdmk058-

q1) gt 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 0440

HCN12a3b2B BHDMK061

If HC-N12a3b2A (previous) is greater than zero and HC-N12a3b2B 

(previous) is greater than zero and the sum of HC-N12a3b2A 

(previous) and HC-N12a3b2B (previous) is greater than $1 million, 

then the sum of HC-N12a3b2A (current) and HC-N12a3b2B 

(current) should be greater than zero.

if (bhdmk060-q2 gt 0 and bhdmk061-q2 gt 0) and (bhdmk060-

q2 + bhdmk061-q2) gt 1000 then (bhdmk060-q1 + bhdmk061-

q1) gt 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 0441 HC-N12a4B BHDMK064

If HC-N12a4A (previous) is greater than zero and HC-N12a4B 

(previous) is greater than zero and the sum of HC-N12a4A 

(previous) and HC-N12a4B (previous) is greater than $1 million, 

then the sum of HC-N12a4A (current) and HC-N12a4B (current) 

should be greater than zero.

if (bhdmk063-q2 gt 0 and bhdmk064-q2 gt 0) and (bhdmk063-

q2 + bhdmk064-q2) gt 1000 then (bhdmk063-q1 + bhdmk064-

q1) gt 0

June 2021 FR Y-9C: EDIT-46 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC-N Intraseries 0442 HC-N12a5aB BHDMK067

If HC-N12a5aA (previous) is greater than zero and HC-N12a5aB 

(previous) is greater than zero and the sum of HC-N12a5aA 

(previous) and HC-N12a5aB (previous) is greater than $1 million, 

then the sum of HC-N12a5aA (current) and HC-N12a5aB (current) 

should be greater than zero.

if (bhdmk066-q2 gt 0 and bhdmk067-q2 gt 0) and (bhdmk066-

q2 + bhdmk067-q2) gt 1000 then (bhdmk066-q1 + bhdmk067-

q1) gt 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 0443 HC-N12a5bB BHDMK070

If HC-N12a5bA (previous) is greater than zero and HC-N12a5bB 

(previous) is greater than zero and the sum of HC-N12a5bA 

(previous) and HC-N12a5bB (previous) is greater than $1 million, 

then the sum of HC-N12a5bA (current) and HC-N12a5bB (current) 

should be greater than zero.

if (bhdmk069-q2 gt 0 and bhdmk070-q2 gt 0) and (bhdmk069-

q2 + bhdmk070-q2) gt 1000 then (bhdmk069-q1 + bhdmk070-

q1) gt 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 0449 HC-N12eB BHCKK088

If HC-N12eA (previous) is greater than zero and HC-N12eB 

(previous) is greater than zero and the sum of HC-N12eA 

(previous) and HC-N12eB (previous) is greater than $1 million, 

then the sum of HC-N12eA (current) and HC-N12eB (current) 

should be greater than zero.

if (bhckk087-q2 gt 0 and bhckk088-q2 gt 0) and (bhckk087-q2 + 

bhckk088-q2) gt 1000 then (bhckk087-q1 + bhckk088-q1) gt 0

FRY9C 20180331 99991231 No Change HC-N Quality 0546 HC-N12eB BHCKK088

If the sum of HC-N12a1aB through HC-N12eB is not equal to zero, 

then HC-N12fB divided by the sum of HC-N12a1aB through HCN12eB should be within 80% and 95%.

if (bhdmk046 + bhdmk049 + bhdmk052 + bhdmk055 + 

bhdmk058 + bhdmk061 + 

bhdmk064 + bhdmk067 + bhdmk070 + bhckk088) ne 0 then 

(bhckk103 / (bhdmk046 + bhdmk049 + bhdmk052 + bhdmk055 

+ bhdmk058 + bhdmk061 + 

bhdmk064 + bhdmk067 + bhdmk070 + bhckk088) * 100) ge 80 

and (bhckk103 / (bhdmk046 + bhdmk049 + bhdmk052 + 

bhdmk055 + bhdmk058 + bhdmk061 + 

bhdmk064 + bhdmk067 + bhdmk070 + bhckk088) * 100) le 95

FRY9C 20180331 99991231 No Change HC-N Quality 0433 HC-N12fA BHCKK102

If the sum of HC-N12a1aA through HC-N12eA is greater than zero 

then HC-N12fA should be greater than zero. 

if (bhdmk045 + bhdmk048 + bhdmk051 + bhdmk054 + 

bhdmk057 + bhdmk060 + bhdmk063 + bhdmk066 + bhdmk069 

+ bhckk087) gt 0 then bhckk102 gt 0 

FRY9C 20180331 99991231 No Change HC-N Quality 0434 HC-N12fB BHCKK103

If the sum of HC-N12a1aB through HC-N12eB is greater than zero 

then HC-N12fB should be greater than zero. 

if (bhdmk046 + bhdmk049 + bhdmk052 + bhdmk055 + 

bhdmk058 + bhdmk061 + bhdmk064 + bhdmk067 + bhdmk070 

+ bhckk088) gt 0 then bhckk103 gt 0 

FRY9C 20180331 99991231 No Change HC-N Quality 0435 HC-N12fC BHCKK104

If the sum of HC-N12a1aC through HC-N12eC is greater than zero 

then HC-N12fC should be greater than zero. 

if (bhdmk047 + bhdmk050 + bhdmk053 + bhdmk056 + 

bhdmk059 + bhdmk062 + bhdmk065 + bhdmk068 + bhdmk071 

+ bhckk089) gt 0 then bhckk104 gt 0 

FRY9C 20191231 99991231 No Change HC-N Quality 1250 HC-NM1a1A BHDMK105

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1a1A should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhdmk105 ne null and 

bhdmk105 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1251 HC-NM1a1A BHDMK105 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1a1A should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhdmk105 eq null

FRY9C 20201231 99991231 No Change HC-N Intraseries 0417 HC-NM1a1B BHDMK106

If previous year June HC-12 is greater than or equal to $5 billion 

and HC-NM1a1A (previous) is greater than zero and HC-NM1a1B 

(previous) is greater than zero and the sum of HC-NM1a1A 

(previous) and HC-NM1a1B (previous) is greater than $1 million, 

then the sum of HC-NM1a1A (current) and HC-NM1a1B (current) 

should be greater than zero; else, for June and December if 

previous year June HC-12 is less than $5 billion and HC-NM1a1A 

(previous) is greater than zero and HC-NM1a1B (previous) is 

greater than zero and the sum of HC-NM1a1A (previous) and HCNM1a1B (previous) is greater than $1 million, then the sum of HCNM1a1A (current) and HC-NM1a1B (current) should be greater 

than zero

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and (bhdmk105-q2 gt 0 and bhdmk106-q2 gt 0) 

and (bhdmk105-q2 + bhdmk106-q2) gt 1000 then (bhdmk105-

q1 + bhdmk106-q1) gt 0; else if ((mm-q1 eq 06 and bhck2170-

q5 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)) 

and (bhdmk105-q3 gt 0 and bhdmk106-q3 gt 0) and (bhdmk105-

q3 + bhdmk106-q3) gt 1000 then (bhdmk105-q1 + bhdmk106-

q1) gt 0

June 2021 FR Y-9C: EDIT-47 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20191231 99991231 No Change HC-N Quality 1252 HC-NM1a1B BHDMK106

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1a1B should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhdmk106 ne null and 

bhdmk106 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1253 HC-NM1a1B BHDMK106 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1a1B should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhdmk106 eq null

FRY9C 20150331 99991231 No Change HC-N Quality 0405 HC-NM1a1C BHDMK107

If the sum of HC-NM1a1A through HC-NM1a1C is greater than 

zero, then HC-CM1a1 should not equal the sum of HC-NM1a1A 

through HC-NM1a1C.

if (bhdmk105 + bhdmk106 + bhdmk107) gt 0 then (bhdmk158 

ne (bhdmk105 + bhdmk106 + bhdmk107))

FRY9C 20191231 99991231 No Change HC-N Quality 1254 HC-NM1a1C BHDMK107

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1a1C should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhdmk107 ne null and 

bhdmk107 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1255 HC-NM1a1C BHDMK107 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1a1C should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhdmk107 eq null

FRY9C 20191231 99991231 No Change HC-N Quality 1256 HC-NM1a2A BHDMK108

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1a2A should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhdmk108 ne null and 

bhdmk108 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1257 HC-NM1a2A BHDMK108 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1a2A should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhdmk108 eq null

FRY9C 20201231 99991231 No Change HC-N Intraseries 0418 HC-NM1a2B BHDMK109

If previous year June HC-12 is greater than or equal to $5 billion 

and HC-NM1a2A (previous) is greater than zero and HC-NM1a2B 

(previous) is greater than zero and the sum of HC-NM1a2A 

(previous) and HC-NM1a2B (previous) is greater than $1 million, 

then the sum of HC-NM1a2A (current) and HC-NM1a2B (current) 

should be greater than zero; else, for June and December if 

previous year June HC-12 is less than $5 billion and HC-NM1a2A 

(previous) is greater than zero and HC-NM1a2B (previous) is 

greater than zero and the sum of HC-NM1a2A (previous) and HCNM1a2B (previous) is greater than $1 million, then the sum of HCNM1a2A (current) and HC-NM1a2B (current) should be greater 

than zero 

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and (bhdmk108-q2 gt 0 and bhdmk109-q2 gt 0) 

and (bhdmk108-q2 + bhdmk109-q2) gt 1000 then (bhdmk108-

q1 + bhdmk109-q1) gt 0; else, if ((mm-q1 eq 06 and bhck2170-

q5 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)) 

and (bhdmk108-q3 gt 0 and bhdmk109-q3 gt 0) and (bhdmk108-

q3 + bhdmk109-q3) gt 1000 then (bhdmk108-q1 + bhdmk109-

q1) gt 0

FRY9C 20191231 99991231 No Change HC-N Quality 1258 HC-NM1a2B BHDMK109

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1a2B should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhdmk109 ne null and 

bhdmk109 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1259 HC-NM1a2B BHDMK109 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1a2B should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhdmk109 eq null

FRY9C 20150331 99991231 No Change HC-N Quality 0406 HC-NM1a2C BHDMK110

If the sum of HC-NM1a2A through HC-NM1a2C is greater than 

zero, then HC-CM1a2 should not equal the sum of HC-NM1a2A 

through HC-NM1a2C.

if (bhdmk108 + bhdmk109 + bhdmk110) gt 0 then (bhdmk159 

ne (bhdmk108 + bhdmk109 + bhdmk110))

FRY9C 20191231 99991231 No Change HC-N Quality 1260 HC-NM1a2C BHDMK110

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1a2C should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhdmk110 ne null and 

bhdmk110 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1261 HC-NM1a2C BHDMK110 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1a2C should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhdmk110 eq null

FRY9C 20191231 99991231 No Change HC-N Quality 1262 HC-NM1bA BHCKF661

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1bA should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckf661 ne null and 

bhckf661 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1263 HC-NM1bA BHCKF661 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1bA should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhckf661 eq null

June 2021 FR Y-9C: EDIT-48 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20201231 99991231 No Change HC-N Intraseries 0219 HC-NM1bB BHCKF662

If previous year June HC-12 is greater than or equal to $5 billion 

and HC-NM1bA (previous) is greater than zero and HC-NM1bB 

(previous) is greater than zero and the sum of HC-NM1bA 

(previous) and HC-NM1bB (previous) is greater than $1 million, 

then the sum of HC-NM1bA (current) and HC-NM1bB (current) 

should be greater than zero; else, for June and December if 

previous year June HC-12 is less than $5 billion and HC-NM1bA 

(previous) is greater than zero and HC-NM1bB (previous) is 

greater than zero and the sum of HC-NM1bA (previous) and HCNM1bB (previous) is greater than $1 million, then the sum of HCNM1bA (current) and HC-NM1bB (current) should be greater than 

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and (bhckf661-q2 gt 0 and bhckf662-q2 gt 0) and 

(bhckf661-q2 + bhckf662-q2) gt 1000 then (bhckf661-q1 + 

bhckf662-q1) gt 0; else if ((mm-q1 eq 06 and bhck2170-q5 lt 

5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)) and 

(bhckf661-q3 gt 0 and bhckf662-q3 gt 0) and (bhckf661-q3 + 

bhckf662-q3) gt 1000 then (bhckf661-q1 + bhckf662-q1) gt 0

FRY9C 20191231 99991231 No Change HC-N Quality 1264 HC-NM1bB BHCKF662

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1bB should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckf662 ne null and 

bhckf662 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1265 HC-NM1bB BHCKF662 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1bB should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhckf662 eq null

FRY9C 20150331 99991231 No Change HC-N Quality 0144 HC-NM1bC BHCKF663

If the sum of HC-NM1bA through HC-NM1bC is greater than zero, 

then HC-CM1b should not equal the sum of HC-NM1bA through 

HC-NM1bC.

if (bhckf661 + bhckf662 + bhckf663) gt 0 then (bhdmf576 ne 

(bhckf661 + bhckf662 + bhckf663))

FRY9C 20191231 99991231 No Change HC-N Quality 1266 HC-NM1bC BHCKF663

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1bC should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckf663 ne null and 

bhckf663 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1267 HC-NM1bC BHCKF663 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1bC should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhckf663 eq null

FRY9C 20191231 99991231 No Change HC-N Quality 1268 HC-NM1cA BHDMK111

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1cA should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhdmk111 ne null and 

bhdmk111 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1269 HC-NM1cA BHDMK111

For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1cA should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhdmk111 eq null

FRY9C 20201231 99991231 No Change HC-N Intraseries 0419 HC-NM1cB BHDMK112

If previous year June HC-12 is greater than or equal to $5 billion 

and HC-NM1cA (previous) is greater than zero and HC-NM1cB 

(previous) is greater than zero and the sum of HC-NM1cA 

(previous) and HC-NM1cB (previous) is greater than $1 million, 

then the sum of HC-NM1cA (current) and HC-NM1cB (current) 

should be greater than zero; else, for June and December if 

previous year June HC-12 is less than $5 billion and HC-NM1cA 

(previous) is greater than zero and HC-NM1cB (previous) is 

greater than zero and the sum of HC-NM1cA (previous) and HCNM1cB (previous) is greater than $1 million, then the sum of HCNM1cA (current) and HC-NM1cB (current) should be greater than 

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and (bhdmk111-q2 gt 0 and bhdmk112-q2 gt 0) 

and (bhdmk111-q2 + bhdmk112-q2) gt 1000 then (bhdmk111-

q1 + bhdmk112-q1) gt 0; else if ((mm-q1 eq 06 and bhck2170-

q5 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)) 

and (bhdmk111-q3 gt 0 and bhdmk112-q3 gt 0) and (bhdmk111-

q3 + bhdmk112-q3) gt 1000 then (bhdmk111-q1 + bhdmk112-

q1) gt 0

FRY9C 20191231 99991231 No Change HC-N Quality 1270 HC-NM1cB BHDMK112

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1cB should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhdmk112 ne null and 

bhdmk112 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1271 HC-NM1cB BHDMK112 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1cB should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhdmk112 eq null

FRY9C 20150331 99991231 No Change HC-N Quality 0407 HC-NM1cC BHDMK113

If the sum of HC-NM1cA through HC-NM1cC is greater than zero, 

then HC-CM1c should not equal the sum of HC-NM1cA through 

HC-NM1cC.

if (bhdmk111 + bhdmk112 + bhdmk113) gt 0 then (bhdmk160 

ne (bhdmk111 + bhdmk112 + bhdmk113))

FRY9C 20191231 99991231 No Change HC-N Quality 1272 HC-NM1cC BHDMK113

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1cC should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhdmk113 ne null and 

bhdmk113 ge 0

June 2021 FR Y-9C: EDIT-49 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20191231 99991231 No Change HC-N Quality 1273 HC-NM1cC BHDMK113 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1cC should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhdmk113 eq null

FRY9C 20191231 99991231 No Change HC-N Quality 1274 HC-NM1d1A BHDMK114

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1d1A should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhdmk114 ne null and 

bhdmk114 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1275 HC-NM1d1A BHDMK114

For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1d1A should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhdmk114 eq null

FRY9C 20191231 99991231 No Change HC-N Quality 1276 HC-NM1d1B BHDMK115

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1d1B should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhdmk115 ne null and 

bhdmk115 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1277 HC-NM1d1B BHDMK115

For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1d1B should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhdmk115 eq null

FRY9C 20150331 99991231 No Change HC-N Quality 0408 HC-NM1d1C BHDMK116

If the sum of HC-NM1d1A through HC-NM1d1C is greater than 

zero, then HC-CM1d1 should not equal the sum of HC-NM1d1A 

through HC-NM1d1C.

if (bhdmk114 + bhdmk115 + bhdmk116) gt 0 then (bhdmk161 

ne (bhdmk114 + bhdmk115 + bhdmk116))

FRY9C 20191231 99991231 No Change HC-N Quality 1278 HC-NM1d1C BHDMK116

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1d1C should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhdmk116 ne null and 

bhdmk116 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1279 HC-NM1d1C BHDMK116 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1d1C should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhdmk116 eq null

FRY9C 20191231 99991231 No Change HC-N Quality 1280 HC-NM1d2A BHDMK117

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1d2A should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhdmk117 ne null and 

bhdmk117 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1281 HC-NM1d2A BHDMK117

For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1d2A should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhdmk117 eq null

FRY9C 20191231 99991231 No Change HC-N Quality 1282 HC-NM1d2B BHDMK118

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1d2B should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhdmk118 ne null and 

bhdmk118 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1283 HC-NM1d2B BHDMK118 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1d2B should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhdmk118 eq null

FRY9C 20150331 99991231 No Change HC-N Quality 0409 HC-NM1d2C BHDMK119

If the sum of HC-NM1d2A through HC-NM1d2C is greater than 

zero, then HC-CM1d2 should not equal the sum of HC-NM1d2A 

through HC-NM1d2C.

if (bhdmk117 + bhdmk118 + bhdmk119) gt 0 then (bhdmk162 

ne (bhdmk117 + bhdmk118 + bhdmk119))

FRY9C 20191231 99991231 No Change HC-N Quality 1284 HC-NM1d2C BHDMK119

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1d2C should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhdmk119 ne null and 

bhdmk119 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1285 HC-NM1d2C BHDMK119 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1d2C should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhdmk119 eq null

FRY9C 20191231 99991231 No Change HC-N Quality 1286 HC-NM1e1A BHCKK120

If previous year June HC-12 is less than $5 billion, then HCNM1e1A through HC-NM1e2C should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 06 

and bhck2170-q5 lt 5000000) or (mm-q1 eq 09 and bhck2170-

q6 lt 5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000) 

then bhckk120 eq null and bhckk121 eq null and bhckk122 eq 

null and bhckk123 eq null and bhckk124 eq null and bhckk125 

eq null

FRY9C 20150331 99991231 No Change HC-N Intraseries 0422 HC-NM1e1B BHCKK121

If HC-NM1e1A (previous) is greater than zero and HC-NM1e1B 

(previous) is greater than zero and the sum of HC-NM1e1A 

(previous) and HC-NM1e1B (previous) is greater than $1 million, 

then the sum of HC-NM1e1A (current) and HC-NM1e1B (current) 

should be greater than zero.

if (bhckk120-q2 gt 0 and bhckk121-q2 gt 0) and (bhckk120-q2 + 

bhckk121-q2) gt 1000 then (bhckk120-q1 + bhckk121-q1) gt 0

FRY9C 20150331 99991231 No Change HC-N Quality 0410 HC-NM1e1C BHCKK122

If the sum of HC-NM1e1A through HC-NM1e1C is greater than 

zero, then HC-CM1e1 should not equal the sum of HC-NM1e1A 

through HC-NM1e1C.

if (bhckk120 + bhckk121 + bhckk122) gt 0 then (bhckk163 ne 

(bhckk120 + bhckk121 + bhckk122))

June 2021 FR Y-9C: EDIT-50 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC-N Intraseries 0423 HC-NM1e2B BHCKK124

If HC-NM1e2A (previous) is greater than zero and HC-NM1e2B 

(previous) is greater than zero and the sum of HC-NM1e2A 

(previous) and HC-NM1e2B (previous) is greater than $1 million, 

then the sum of HC-NM1e2A (current) and HC-NM1e2B (current) 

should be greater than zero.

if (bhckk123-q2 gt 0 and bhckk124-q2 gt 0) and (bhckk123-q2 + 

bhckk124-q2) gt 1000 then (bhckk123-q1 + bhckk124-q1) gt 0

FRY9C 20150331 99991231 No Change HC-N Quality 0411 HC-NM1e2C BHCKK125

If the sum of HC-NM1e2A through HC-NM1e2C is greater than 

zero, then HC-CM1e2 should not equal the sum of HC-NM1e2A 

through HC-NM1e2C.

if (bhckk123 + bhckk124 + bhckk125) gt 0 then (bhckk164 ne 

(bhckk123 + bhckk124 + bhckk125))

FRY9C 20191231 99991231 No Change HC-N Quality 1287 HC-NM1e3A BHCKKX66

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1e3A should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckkx66 ne null and 

bhckkx66 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1288 HC-NM1e3B BHCKKX67

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1e3B should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckkx67 ne null and 

bhckkx67 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1289 HC-NM1e3C BHCKKX68

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1e3C should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckkx68 ne null and 

bhckkx68 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1290 HC-NM1e3A BHCKKX66

For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1e3A through HC-NM1e3C should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhckkx66 eq null and 

bhckkx67 eq null and bhckkx68 eq null

FRY9C 20191231 99991231 No Change HC-N Quality 1291 HC-NM1fA BHCKK126

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1fA should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckk126 ne null and 

bhckk126 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1292 HC-NM1fA BHCKK126 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1fA should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhckk126 eq null

FRY9C 20191231 99991231 No Change HC-N Quality 1293 HC-NM1fB BHCKK127

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1fB should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckk127 ne null and 

bhckk127 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1294 HC-NM1fB BHCKK127 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1fB should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhckk127 eq null

FRY9C 20150331 99991231 No Change HC-N Quality 6700 HC-NM1fC BHCKK128

If the sum of HC-NM1fA through HC-NM1fC is greater than zero, 

then HC-CM1f should not equal the sum of HC-NM1fA through HCNM1fC.

if (bhckk126 + bhckk127 + bhckk128) gt 0 then (bhckk165 ne 

(bhckk126 + bhckk127 + bhckk128))

FRY9C 20191231 99991231 No Change HC-N Quality 1295 HC-NM1fC BHCKK128

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1fC should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckk128 ne null and 

bhckk128 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1296 HC-NM1fC BHCKK128 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1fC should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhckk128 eq null

FRY9C 20191231 99991231 No Change HC-N Quality 1297 HC-NM1f1A BHDMK130

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1f1A should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhdmk130 ne null and 

bhdmk130 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1298 HC-NM1f1A BHDMK130 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1f1A should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhdmk130 eq null

FRY9C 20191231 99991231 No Change HC-N Quality 1299 HC-NM1f1B BHDMK131

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1f1B should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhdmk131 ne null and 

bhdmk131 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1300 HC-NM1f1B BHDMK131 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1f1B should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhdmk131 eq null

FRY9C 20150331 99991231 No Change HC-N Quality 0466 HC-NM1f1C BHDMK132

If the sum of HC-NM1f1A through HC-NM1f1C is greater than 

zero, then HC-CM1f1 should not equal the sum of HC-NM1f1A 

through HC-NM1f1C.

if (bhdmk130 + bhdmk131 + bhdmk132) gt 0 then (bhdmk166 

ne (bhdmk130 + bhdmk131 + bhdmk132))

June 2021 FR Y-9C: EDIT-51 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20191231 99991231 No Change HC-N Quality 1301 HC-NM1f1C BHDMK132

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1f1C should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhdmk132 ne null and 

bhdmk132 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1302 HC-NM1f1C BHDMK132 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1f1C should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhdmk132 eq null

FRY9C 20191231 99991231 No Change HC-N Quality 1303 HC-NM1f2A BHCKK138

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1f2A should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckk138 ne null and 

bhckk138 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1304 HC-NM1f2A BHCKK138 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1f2A should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhckk138 eq null

FRY9C 20191231 99991231 No Change HC-N Quality 1305 HC-NM1f2B BHCKK139

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1f2B should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckk139 ne null and 

bhckk139 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1306 HC-NM1f2B BHCKK139 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1f2B should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhckk139 eq null

FRY9C 20160930 99991231 No Change HC-N Quality 0468 HC-NM1f2C BHCKK140

If the sum of HC-NM1f2A through HC-NM1f2C is greater than 

zero, then HC-CM1f2 should not equal the sum of HC-NM1f2A 

through HC-NM1f2C.

if (bhckk138 + bhckk139 + bhckk140) gt 0 then (bhckk168 ne 

(bhckk138 + bhckk139 + bhckk140))

FRY9C 20191231 99991231 No Change HC-N Quality 1307 HC-NM1f2C BHCKK140

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1f2C should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckk140 ne null and 

bhckk140 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1308 HC-NM1f2C BHCKK140 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1f2C should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhckk140 eq null

FRY9C 20191231 99991231 No Change HC-N Quality 1309

HCNM1f3aA BHCKK274

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1f3aA should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckk274 ne null and 

bhckk274 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1310 HCNM1f3aA BHCKK274 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1f3aA should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhckk274 eq null

FRY9C 20191231 99991231 No Change HC-N Quality 1311 HC-NM1f3aB BHCKK275

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1f3aB should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckk275 ne null and 

bhckk275 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1312 HC-NM1f3aB BHCKK275 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1f3aB should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhckk275 eq null

FRY9C 20160930 99991231 No Change HC-N Quality 0481 HC-NM1f3aC BHCKK276

If the sum of HC-NM1f3aA through HC-NM1f3aC is greater than 

zero, then HC-CM1f3a should not equal the sum of HC-NM1f3aA 

through HC-NM1f3aC.

if (bhckk274 + bhckk275 + bhckk276) gt 0 then (bhckk098 ne 

(bhckk274 + bhckk275 + bhckk276))

FRY9C 20191231 99991231 No Change HC-N Quality 1313 HC-NM1f3aC BHCKK276

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1f3aC should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckk276 ne null and 

bhckk276 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1314 HC-NM1f3aC BHCKK276 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1f3aC should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhckk276 eq null

FRY9C 20191231 99991231 No Change HC-N Quality 1315

HCNM1f3bA BHCKK277

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1f3bA should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckk277 ne null and 

bhckk277 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1316 HCNM1f3bA BHCKK277 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1f3bA should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhckk277 eq null

FRY9C 20191231 99991231 No Change HC-N Quality 1317

HCNM1f3bB BHCKK278

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1f3bB should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckk278 ne null and 

bhckk278 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1318 HCNM1f3bB BHCKK278 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1f3bB should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhckk278 eq null

June 2021 FR Y-9C: EDIT-52 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20160930 99991231 No Change HC-N Quality 0469 HC-NM1f3bC BHCKK279

If the sum of HC-NM1f3bA through HC-NM1f3bC is greater than 

zero, then HC-CM1f3b should not equal the sum of HC-NM1f3bA 

through HC-NM1f3bC.

if (bhckk277 + bhckk278 + bhckk279) gt 0 then (bhckk203 ne 

(bhckk277 + bhckk278 + bhckk279))

FRY9C 20191231 99991231 No Change HC-N Quality 1319 HC-NM1f3bC BHCKK279

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1f3bC should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckk279 ne null and 

bhckk279 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1320 HC-NM1f3bC BHCKK279 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1f3bC should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhckk279 eq null

FRY9C 20191231 99991231 No Change HC-N Quality 1321 HC-NM1f3cA BHCKK280

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1f3cA should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckk280 ne null and 

bhckk280 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1322 HC-NM1f3cA BHCKK280 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1f3cA should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhckk280 eq null

FRY9C 20191231 99991231 No Change HC-N Quality 1323 HC-NM1f3cB BHCKK281

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1f3cB should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckk281 ne null and 

bhckk281 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1324 HC-NM1f3cB BHCKK281 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1f3cB should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhckk281 eq null

FRY9C 20160930 99991231 No Change HC-N Quality 0470 HC-NM1f3cC BHCKK282

If the sum of HC-NM1f3cA through HC-NM1f3cC is greater than 

zero, then HC-CM1f3c should not equal the sum of HC-NM1f3cA 

through HC-NM1f3cC.

if (bhckk280 + bhckk281 + bhckk282) gt 0 then (bhckk204 ne 

(bhckk280 + bhckk281 + bhckk282))

FRY9C 20191231 99991231 No Change HC-N Quality 1325 HC-NM1f3cC BHCKK282

For June and December, if previous year June HC-12 is less than $5 

billion, then HC-NM1f3cC should not be null and should not be 

negative.

if (mm-q1 eq 06 and bhck2170-q5 lt 5000000) or (mm-q1 eq 12 

and bhck2170-q7 lt 5000000) then bhckk282 ne null and 

bhckk282 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 1326 HC-NM1f3cC BHCKK282 For March and September, if previous year June HC-12 is less than 

$5 billion, then HC-NM1f3cC should be null.

if (mm-q1 eq 03 and bhck2170-q4 lt 5000000) or (mm-q1 eq 09 

and bhck2170-q6 lt 5000000) then bhckk282 eq null

FRY9C 20200331 99991231 No Change HC-N Quality 9520 HC-NM1gA BHCKHK26 HC-NM1gA should not be null and should not be negative. bhckhk26 ne null and bhckhk26 ge 0

FRY9C 20200331 99991231 No Change HC-N Quality 9520 HC-NM1gB BHCKHK27 HC-NM1gB should not be null and should not be negative. bhckhk27 ne null and bhckhk27 ge 0

FRY9C 20200331 99991231 No Change HC-N Quality 9520 HC-NM1gC BHCKHK28 HC-NM1gC should not be null and should not be negative. bhckhk28 ne null and bhckhk28 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-NM2A BHCK6558 HC-NM2A should not be null and should not be negative. bhck6558 ne null and bhck6558 ge 0

FRY9C 20150331 99991231 No Change HC-N Intraseries 6702 HC-NM2B BHCK6559

If HC-NM2A (previous) is greater than zero and HC-NM2B 

(previous) is greater than zero and the sum of HC-NM2A 

(previous) and HC-NM2B (previous) is greater than $1 million and 

HC-CM2 (current) is greater than zero, then the sum of HC-NM2A 

(current) and HC-NM2B (current) should be greater than zero.

if (bhck6558-q2 gt 0 and bhck6559-q2 gt 0) and (bhck6558-q2 + 

bhck6559-q2) gt 1000 and bhck2746-q1 gt 0 then (bhck6558-q1 

+ bhck6559-q1) gt 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-NM2B BHCK6559 HC-NM2B should not be null and should not be negative. bhck6559 ne null and bhck6559 ge 0

FRY9C 20191231 99991231 No Change HC-N Quality 6705 HC-NM2C BHCK6560

If previous year June HC-12 is greater than or equal to $5 billion, 

and the sum of HC-NM2A, HC-NM2B, and HC-NM2C is greater 

than $1 million, then the sum of HC-NM2A, HC-NM2B, and HCNM2C divided by HC-CM2 should not exceed tolerance of 50%.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhck2746 ne 0 and (bhck6558 + bhck6559 + 

bhck6560) gt 1000 then ((bhck6558 + bhck6559 + bhck6560) / 

bhck2746) * 100 le 50

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-NM2C BHCK6560 HC-NM2C should not be null and should not be negative. bhck6560 ne null and bhck6560 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-NM3A BHCK3508 HC-NM3A should not be null and should not be negative. bhck3508 ne null and bhck3508 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-NM3B BHCK1912 HC-NM3B should not be null and should not be negative. bhck1912 ne null and bhck1912 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-NM3C BHCK1913 HC-NM3C should not be null and should not be negative. bhck1913 ne null and bhck1913 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-NM5aA BHCKC240 HC-NM5aA should not be null and should not be negative. bhckc240 ne null and bhckc240 ge 0

June 2021 FR Y-9C: EDIT-53 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC-N Intraseries 6725 HC-NM5aB BHCKC241

If HC-NM5aA (previous) is greater than zero and HC-NM5aB 

(previous) is greater than zero and the sum of HC-NM5aA 

(previous) and HC-NM5aB (previous) is greater than $1 million and 

HC-4a (current) is greater than zero, then the sum of HC-NM5aA 

(current) and HC-NM5aB (current) should be greater than zero.

if (bhckc240-q2 gt 0 and bhckc241-q2 gt 0) and (bhckc240-q2 + 

bhckc241-q2) gt 1000 and (bhck5369-q1 gt 0) then (bhckc240-

q1 + bhckc241-q1) gt 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-NM5aB BHCKC241 HC-NM5aB should not be null and should not be negative. bhckc241 ne null and bhckc241 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9520 HC-NM5aC BHCKC226 HC-NM5aC should not be null and should not be negative. bhckc226 ne null and bhckc226 ge 0

FRY9C 20150331 99991231 No Change HC-N Quality 9530 HC-NM6A BHCK3529 HC-NM6A should not be negative. bhck3529 ge 0 or bhck3529 eq null

FRY9C 20150331 99991231 No Change HC-N Quality 9530 HC-NM6B BHCK3530 HC-NM6B should not be negative. bhck3530 ge 0 or bhck3530 eq null

FRY9C 20191231 99991231 No Change HC-N Intraseries 6759 HC-NM7 BHCKC410

For June and December reporting periods, if HC-N9C (current 

minus previous) is greater than zero, then HC-NM7 should be 

greater than or equal to HC-N9C (current minus previous).

if (mm-q1 eq 06 or mm-q1 eq 12) and (bhck1403-q1 - bhck1403-

q2) gt 0 then bhckc410 ge (bhck1403-q1 - bhck1403-q2)

FRY9C 20190331 99991231 No Change HC-N Quality 9540 HC-NM7 BHCKC410 For June and December reporting periods, HC-NM7 should not be 

null and should not be negative.

if (mm-q1 eq 06 or mm-q1 eq 12) then bhckc410 ne null and 

bhckc410 ge 0

FRY9C 20190331 99991231 No Change HC-N Quality 9540 HC-NM8 BHCKC411 For June and December reporting periods, HC-NM8 should not be 

null and should not be negative.

if (mm-q1 eq 06 or mm-q1 eq 12) then bhckc411 ne null and 

bhckc411 ge 0

FRY9C 20190630 99991231 No Change HC-C Quality 1009 HC-NM9aC BHCKL185

For June and December reporting periods, HC-CM5a should be 

greater than or equal to the sum of HC-NM9aA, HC-NM9aB, and 

HC-NM9aC.

if (mm-q1 eq 06 or mm-q1 eq 12) then bhckc779 ge (bhckl183 + 

bhckl184 + bhckl185)

FRY9C 20190630 99991231 No Change HC-N Quality 1000 HC-NM9bA BHCKL186 For June and December reporting periods, HC-NM9aA should be 

greater than or equal to HC-NM9bA. if (mm-q1 eq 06 or mm-q1 eq 12) then bhckl183 ge bhckl186

FRY9C 20190630 99991231 No Change HC-N Quality 1006 HC-NM9bA BHCKL186 For June and December reporting periods, if HC-NM9aA is greater 

than 0, then HC-NM9bA should be greater than 0.

if (mm-q1 eq 06 or mm-q1 eq 12) and if bhckl183 gt 0 then 

bhckl186 gt 0

FRY9C 20190630 99991231 No Change HC-N Quality 1001 HC-NM9bB BHCKL187 For June and December reporting periods, HC-NM9aB should be 

greater than or equal to HC-NM9bB. if (mm-q1 eq 06 or mm-q1 eq 12) then bhckl184 ge bhckl187

FRY9C 20190630 99991231 No Change HC-N Quality 1007 HC-NM9bB BHCKL187 For June and December reporting periods, if HC-NM9aB is greater 

than 0, then HC-NM9bB should be greater than 0.

if (mm-q1 eq 06 or mm-q1 eq 12) and if bhckl184 gt 0 then 

bhckl187 gt 0

FRY9C 20190630 99991231 No Change HC-N Quality 1002 HC-NM9bC BHCKL188 For June and December reporting periods, HC-NM9aC should be 

greater than or equal to HC-NM9bC. if (mm-q1 eq 06 or mm-q1 eq 12) then bhckl185 ge bhckl188

FRY9C 20190630 99991231 No Change HC-N Quality 1008 HC-NM9bC BHCKL188 For June and December reporting periods, if HC-NM9aC is greater 

than 0, then HC-NM9bC should be greater than 0.

if (mm-q1 eq 06 or mm-q1 eq 12) and if bhckl185 gt 0 then 

bhckl188 gt 0

FRY9C 20190630 99991231 No Change HC-C Quality 1010 HC-NM9bC BHCKL188

For June and December reporting periods, HC-CM5b should be 

greater than or equal to the sum of HC-NM9bA, HC-NM9bB, and 

HC-NM9bC.

if (mm-q1 eq 06 or mm-q1 eq 12) then bhckc780 ge (bhckl186 + 

bhckl187 + bhckl188)

FRY9C 20150331 99991231 No Change HC-P Quality 9550 HC-P7a BHCKL191 HC-P7a should not be negative. bhckl191 ge 0 or bhckl191 eq null

FRY9C 20150331 99991231 No Change HC-P Quality 9550 HC-P7b BHCKL192 HC-P7b should not be negative. bhckl192 ge 0 or bhckl192 eq null

FRY9C 20200331 99991231 No Change HC-P Quality 9551 HC-P7c BHCKM288 HC-P7c should not be negative. bhckm288 ge 0

FRY9C 20200331 99991231 No Change HC-P Quality 9552 HC-P7c BHCKM288 HC-P7c should equal the sum of HC-P7a and HC-P7b (bhckl191 + bhckl192) eq bhckm288

FRY9C 20180630 99991231 No Change HC-P Quality 9550 HC-P1 BHCKHT81 HC-P1 should not be negative. bhckht81 ge 0 or bhckht81 eq null

FRY9C 20180630 99991231 No Change HC-P Quality 9550 HC-P2 BHCKHT82 HC-P2 should not be negative. bhckht82 ge 0 or bhckht82 eq null

FRY9C 20190630 99991231 No Change HC-P Quality 9550 HC-P3 BHCKFT04 HC-P3 should not be negative. bhckFT04 ge 0 or bhckFT04 eq null

FRY9C 20190630 99991231 No Change HC-P Quality 9550 HC-P4 BHCKFT05 HC-P4 should not be negative. bhckFT05 ge 0 or bhckFT05 eq null

FRY9C 20180630 99991231 No Change HC-P Quality 9550 HC-P5 BHCKHT85 HC-P5 should not be negative. bhckht85 ge 0 or bhckht85 eq null

FRY9C 20180630 99991231 No Change HC-P Quality 9550 HC-P6 BHCKHT86 HC-P6 should not be negative. bhckht86 ge 0 or bhckht86 eq null

FRY9C 20200630 99991231 No Change HC-Q Intraseries 0156 HC-Q1A BHCYJA36

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-Q1A (previous) is not equal to zero or null, then HC-Q1A 

(current) should not equal zero or null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and ((bhcyja36-q2 ne 0) and (bhcyja36-q2 ne 

null)) then ((bhcyja36-q1 ne 0) and (bhcyja36-q1 ne null))

June 2021 FR Y-9C: EDIT-54 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20200630 99991231 No Change HC-Q Intraseries 0157 HC-Q2A BHCKG478

If previous year June HC-12 is greater than or equal to $5 billion,or 

BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, If HC-Q2A 

(previous) is not equal to zero or null, then HC-Q2A (current) 

should not equal zero or null.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if ((mm-q1 

eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06 and 

bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6 

ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000)) 

and ((bhckg478-q2 ne 0) and (bhckg478-q2 ne null)) then 

((bhckg478-q1 ne 0) and (bhckg478-q1 ne null))

FRY9C 20191231 99991231 No Change HC-Q Intraseries 0338 HC-Q3A BHCKG483

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-Q3A (previous) is not equal to zero or null, then HC-Q3A 

(current) should not equal zero or null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and ((bhckg483-q2 ne 0) and (bhckg483-q2 ne 

null)) then ((bhckg483-q1 ne 0) and (bhckg483-q1 ne null))

FRY9C 20150331 99991231 No Change HC-Q Quality 0445 HC-Q3A BHCKG483 HC-Q3A should be less than or equal to HC-4a. bhckg483 le bhck5369

FRY9C 20191231 99991231 No Change HC-Q Intraseries 0339 HC-Q4A BHCKG488

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-Q4A (previous) is not equal to zero or null, then HC-Q4A 

(current) should not equal zero or null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and ((bhckg488-q2 ne 0) and (bhckg488-q2 ne 

null)) then ((bhckg488-q1 ne 0) and (bhckg488-q1 ne null))

FRY9C 20150331 99991231 No Change HC-Q Quality 0446 HC-Q4A BHCKG488 HC-Q4A should be less than or equal to HC-4b. bhckg488 le bhckb528

FRY9C 20200630 99991231 No Change HC-Q Intraseries 0161 HC-Q5aA BHCT3543

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-Q5aA (previous) is not equal to zero or not null, then HCQ5aA (current) should not be zero or null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and ((bhct3543-q2 ne 0) and (bhct3543-q2 ne 

null)) then ((bhct3543-q1 ne 0) and (bhct3543-q1 ne null)).

FRY9C 20150331 99991231 No Change HC-Q Quality 0068 HC-Q5b1A BHCKF240 HC-Q5b1A should be less than or equal to HC-Q5bA. bhckf240 le bhckg497

FRY9C 20200630 99991231 No Change HC-Q Intraseries 0158 HC-Q5b1A BHCKF240

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-Q5b1A (previous) is not equal to zero or null, then HCQ5b1A (current) should not equal zero or null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and ((bhckf240-q2 ne 0) and (bhckf240-q2 ne 

null)) then ((bhckf240-q1 ne 0) and (bhckf240-q1 ne null))

FRY9C 20150331 99991231 No Change HC-Q Quality 0222 HC-Q5b1C BHCKF692 HC-Q5b1C should be less than or equal to HC-Q5bC. bhckf692 le bhckg499

FRY9C 20150331 99991231 No Change HC-Q Quality 0069 HC-Q5b1D BHCKF241 HC-Q5b1D should be less than or equal to HC-Q5bD. bhckf241 le bhckg500

FRY9C 20150331 99991231 No Change HC-Q Quality 0070 HC-Q5b1E BHCKF242 HC-Q5b1E should be less than or equal to HC-Q5bE. bhckf242 le bhckg501

FRY9C 20180930 99991231 No Change HC-Q Quality 0063 HC-Q5bA BHCKG497 If HC-Q5aA is not null, then the sum of HC-Q5aA and HC-Q5bA 

should equal HC-5. if bhct3543 ne null then (bhct3543 + bhckg497) eq bhck3545

FRY9C 20150331 99991231 No Change HC-Q Quality 0065 HC-Q5bA BHCKG497 If HC-Q5b1A is not equal to zero or null, then HC-Q5bA should not 

equal zero or null.

if (bhckf240 ne 0 and bhckf240 ne null) then (bhckg497 ne 0 

and bhckg497 ne null)

FRY9C 20191231 99991231 No Change HC-Q Intraseries 0341 HC-Q5bA BHCKG497

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-Q5bA (previous) is not equal to zero or not null, then HCQ5bA (current) should not be zero or null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and ((bhckg497-q2 ne 0) and (bhckg497-q2 ne 

null)) then ((bhckg497-q1 ne 0) and (bhckg497-q1 ne null)).

FRY9C 20150331 99991231 No Change HC-Q Quality 0223 HC-Q5bB BHCKG498 If HC-Q5b1B is not equal to zero or null, then HC-Q5bB should not 

equal zero or null.

if (bhckf684 ne 0 and bhckf684 ne null) then (bhckg498 ne 0 

and bhckg498 ne null)

FRY9C 20150331 99991231 No Change HC-Q Quality 0224 HC-Q5bC BHCKG499 If HC-Q5b1C is not equal to zero or null, then HC-Q5bC should not 

equal zero or null.

if (bhckf692 ne 0 and bhckf692 ne null) then (bhckg499 ne 0 

and bhckg499 ne null)

FRY9C 20150331 99991231 No Change HC-Q Quality 0066 HC-Q5bD BHCKG500 If HC-Q5b1D is not equal to zero or null, then HC-Q5bD should not 

equal zero or null.

if (bhckf241 ne 0 and bhckf241 ne null) then (bhckg500 ne 0 

and bhckg500 ne null)

FRY9C 20150331 99991231 No Change HC-Q Quality 0067 HC-Q5bE BHCKG501 If HC-Q5b1E is not equal to zero or null, then HC-Q5bE should not 

equal zero or null.

if (bhckf242 ne 0 and bhckf242 ne null) then (bhckg501 ne 0 

and bhckg501 ne null)

June 2021 FR Y-9C: EDIT-55 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20201231 99991231 No Change HC-Q Intraseries 0159 HC-Q6A BHCKG391

If previous year June HC-12 is greater than or equal to $5 billion 

and HC-Q6A (previous) is not equal to zero or null, then HC-Q6A 

(current) should not equal zero or null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and ((bhckg391-q2 ne 0) and (bhckg391-q2 ne 

null)) then ((bhckg391-q1 ne 0) and (bhckg391-q1 ne null))

FRY9C 20150331 99991231 No Change HC-Q Quality 0379 HC-Q6A BHCKG391 Sum of HC-QM1aA, HC-QM1bA, HC-QM1cA, HC-QM1dA, HCQM1eA and HC-QM1fA should be less than or equal to HC-Q6A.

(bhckg536 + bhckg541 + bhckg546 + bhckg551 + bhckg556 + 

bhckg561) le bhckg391

FRY9C 20150331 99991231 No Change HC-Q Quality 0380 HC-Q6C BHCKG395 Sum of HC-QM1aC, HC-QM1bC, HC-QM1cC, HC-QM1dC, HCQM1eC and HC-QM1fC should be less than or equal to HC-Q6C.

(bhckg538 + bhckg543 + bhckg548 + bhckg553 + bhckg558 + 

bhckg563) le bhckg395

FRY9C 20150331 99991231 No Change HC-Q Quality 0381 HC-Q6D BHCKG396 Sum of HC-QM1aD, HC-QM1bD, HC-QM1cD, HC-QM1dD, HCQM1eD and HC-QM1fD should be less than or equal to HC-Q6D.

(bhckg539 + bhckg544 + bhckg549 + bhckg554 + bhckg559 + 

bhckg564) le bhckg396

FRY9C 20150331 99991231 No Change HC-Q Quality 0382 HC-Q6E BHCKG804 Sum of HC-QM1aE, HC-QM1bE, HC-QM1cE, HC-QM1dE, HCQM1eE and HC-QM1fE should be less than or equal to HC-Q6E.

(bhckg540 + bhckg545 + bhckg550 + bhckg555 + bhckg560 + 

bhckg565) le bhckg804

FRY9C 20200630 99991231 No Change HC-Q Intraseries 0163 HC-Q7A BHCKG502

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-Q7A (previous) is not equal to zero or not null, then HCQ7A (current) should not be zero or null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and ((bhckg502-q2 ne 0) and (bhckg502-q2 ne 

null)) then ((bhckg502-q1 ne 0) and (bhckg502-q1 ne null)).

FRY9C 20210630 99991231 Revised HC-Q Quality 9556 HC-Q7A BHCKG502

If previous year June HC-12 is greater than or equal to $5 billion 

and HC-Q7A is greater than zero and HI-Mem14a (previous) is not 

null, then HI-Mem14a should not be zero or null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckg502 gt 0 and bhckf551-q2 ne null, then 

bhckf551 ne 0 and bhckf551 ne null

FRY9C 20200630 99991231 No Change HC-Q Intraseries 0160 HC-Q8A BHCKF252

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if previous year 

June HC-12 is greater than or equal to $5 billion, and HC-Q8A 

(previous) is not equal to zero or not null, then HC-Q8A (current) 

should not be zero or null.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if ((mm-q1 

eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06 and 

bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6 

ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000)) 

and ((bhckf252-q2 ne 0) and (bhckf252-q2 ne null)) then 

((bhckf252-q1 ne 0) and (bhckf252-q1 ne null)).

FRY9C 20191231 99991231 No Change HC-Q Intraseries 0342 HC-Q9A BHCKG507

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if previous year 

June HC-12 is greater than or equal to $5 billion, and HC-Q9A 

(previous) is not equal to zero or not null, then HC-Q9A (current) 

should not be zero or null.

For BHCs, SHCs, IHCs, Non-BHC IHCs and all SLHCs, if ((mm-q1 

eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06 and 

bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6 

ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000)) 

and ((bhckg507-q2 ne 0) and (bhckg507-q2 ne null)) then 

((bhckg507-q1 ne 0) and (bhckg507-q1 ne null)).

FRY9C 20191231 99991231 No Change HC-Q Intraseries 0343 HC-Q10aA BHCT3547

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-Q10aA (previous) is not equal to zero or not null, then HCQ10aA (current) should not be zero or null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and ((bhct3547-q2 ne 0) and (bhct3547-q2 ne 

null)) then ((bhct3547-q1 ne 0) and (bhct3547-q1 ne null)).

FRY9C 20180930 99991231 No Change HC-Q Quality 0064 HC-Q10bA BHCKG516

If HC-Q10aA is not null, then the sum of HC-Q10aA and HC-Q10bA 

should equal HC-15. if bhct3547 ne null then (bhct3547 + bhckg516) eq bhck3548

FRY9C 20191231 99991231 No Change HC-Q Intraseries 0344 HC-Q10bA BHCKG516

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-Q10bA (previous) is not equal to zero or not null, then HCQ10bA (current) should not be zero or null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and ((bhckg516-q2 ne 0) and (bhckg516-q2 ne 

null)) then ((bhckg516-q1 ne 0) and (bhckg516-q1 ne null)).

FRY9C 20191231 99991231 No Change HC-Q Intraseries 0345 HC-Q11A BHCKG521

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-Q11A (previous) is not equal to zero or not null, then HCQ11A (current) should not be zero or null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and ((bhckg521-q2 ne 0) and (bhckg521-q2 ne 

null)) then ((bhckg521-q1 ne 0) and (bhckg521-q1 ne null)).

June 2021 FR Y-9C: EDIT-56 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20191231 99991231 No Change HC-Q Intraseries 0346 HC-Q12A BHCKG526

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-Q12A (previous) is not equal to zero or not null, then HCQ12A (current) should not be zero or null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and ((bhckg526-q2 ne 0) and (bhckg526-q2 ne 

null)) then ((bhckg526-q1 ne 0) and (bhckg526-q1 ne null)).

FRY9C 20200630 99991231 No Change HC-Q Intraseries 0162 HC-Q13A BHCKG805

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-Q13A (previous) is not equal to zero or not null, then HCQ13A (current) should not be zero or null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and ((bhckg805-q2 ne 0) and (bhckg805-q2 ne 

null)) then ((bhckg805-q1 ne 0) and (bhckg805-q1 ne null)).

FRY9C 20150331 99991231 No Change HC-Q Quality 0383 HC-Q13A BHCKG805 Sum of HC-QM2aA, HC-QM2bA, HC-QM2cA, HC-QM2dA, HCQM2eA and HC-QM2fA should be less than or equal to HC-Q13A.

(bhckf261 + bhckg566 + bhckg571 + bhckg576 + bhckg581 + 

bhckg586) le bhckg805

FRY9C 20150331 99991231 No Change HC-Q Quality 0384 HC-Q13C BHCKG807 Sum of HC-QM2aC, HC-QM2bC, HC-QM2cC, HC-QM2dC, HCQM2eC and HC-QM2fC should be less than or equal to HC-Q13C.

(bhckf697 + bhckg568 + bhckg573 + bhckg578 + bhckg583 + 

bhckg588) le bhckg807

FRY9C 20150331 99991231 No Change HC-Q Quality 0385 HC-Q13D BHCKG808 Sum of HC-QM2aD, HC-QM2bD, HC-QM2cD, HC-QM2dD, HCQM2eD and HC-QM2fD should be less than or equal to HC-Q13D.

(bhckf262 + bhckg569 + bhckg574 + bhckg579 + bhckg584 + 

bhckg589) le bhckg808

FRY9C 20150331 99991231 No Change HC-Q Quality 0386 HC-Q13E BHCKG809 Sum of HC-QM2aE, HC-QM2bE, HC-QM2cE, HC-QM2dE, HCQM2eE and HC-QM2fE should be less than or equal to HC-Q13E.

(bhckf263 + bhckg570 + bhckg575 + bhckg580 + bhckg585 + 

bhckg590) le bhckg809

FRY9C 20200630 99991231 No Change HC-Q Intraseries 0347 HC-Q14A BHCKG531

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-Q14A (previous) is not equal to zero or not null, then HCQ14A (current) should not be zero or null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and ((bhckg531-q2 ne 0) and (bhckg531-q2 ne 

null)) then ((bhckg531-q1 ne 0) and (bhckg531-q1 ne null)).

FRY9C 20210630 99991231 Revised HC-Q Quality 9556 HC-Q14A BHCKG531

If previous year June HC-12 is greater than or equal to $5 billion 

and HC-Q14A is greater than zero and HI-Mem14b (previous) is 

not null, then HI-Mem14b should not be zero or null.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckg531 gt 0 and bhckf553-q2 ne null, then 

bhckf553 ne 0 and bhckf553 ne null

FRY9C 20150331 99991231 No Change HC-Q Quality 0355 HC-QM1cA BHCKG546 If financial data is not equal to null or zero, then text data should 

not equal null. if bhckg546 ne null and bhckg546 ne 0 then bhtxg546 ne null

FRY9C 20150331 99991231 No Change HC-Q Quality 0356 HC-QM1cTX BHTXG546 If text data is not equal to null, then financial data should not 

equal null or zero. if bhtxg546 ne null then bhckg546 ne null and bhckg546 ne 0

FRY9C 20150331 99991231 No Change HC-Q Quality 0357 HC-QM1dA BHCKG551 If financial data is not equal to null or zero, then text data should 

not equal null. if bhckg551 ne null and bhckg551 ne 0 then bhtxg551 ne null

FRY9C 20150331 99991231 No Change HC-Q Quality 0358 HC-QM1dTX BHTXG551 If text data is not equal to null, then financial data should not 

equal null or zero. if bhtxg551 ne null then bhckg551 ne null and bhckg551 ne 0

FRY9C 20150331 99991231 No Change HC-Q Quality 0359 HC-QM1eA BHCKG556 If financial data is not equal to null or zero, then text data should 

not equal null. if bhckg556 ne null and bhckg556 ne 0 then bhtxg556 ne null

FRY9C 20150331 99991231 No Change HC-Q Quality 0360 HC-QM1eTX BHTXG556 If text data is not equal to null, then financial data should not 

equal null or zero. if bhtxg556 ne null then bhckg556 ne null and bhckg556 ne 0

FRY9C 20150331 99991231 No Change HC-Q Quality 0361 HC-QM1fA BHCKG561

If financial data is not equal to null or zero, then text data should 

not equal null. if bhckg561 ne null and bhckg561 ne 0 then bhtxg561 ne null

FRY9C 20150331 99991231 No Change HC-Q Quality 0362 HC-QM1fTX BHTXG561 If text data is not equal to null, then financial data should not 

equal null or zero. if bhtxg561 ne null then bhckg561 ne null and bhckg561 ne 0

FRY9C 20150331 99991231 No Change HC-Q Quality 0213 HC-QM2aA BHCKF261 HC-QM2aA should be less than or equal to the sum of HC-L1a 

through HC-L1c1 and HC-L1c2 through HC-L1e3.

bhckf261 le (bhck3814 + bhckj455 + bhckj456 + bhck3816 + 

bhck6550 + bhck3817 + bhckj457 + bhckj458 + bhckj459)

FRY9C 20150331 99991231 No Change HC-Q Quality 0363 HC-QM2cA BHCKG571 If financial data is not equal to null or zero, then text data should 

not equal null. if bhckg571 ne null and bhckg571 ne 0 then bhtxg571 ne null

FRY9C 20150331 99991231 No Change HC-Q Quality 0364 HC-QM2cTX BHTXG571 If text data is not equal to null, then financial data should not 

equal null or zero. if bhtxg571 ne null then bhckg571 ne null and bhckg571 ne 0

FRY9C 20150331 99991231 No Change HC-Q Quality 0365 HC-QM2dA BHCKG576 If financial data is not equal to null or zero, then text data should 

not equal null. if bhckg576 ne null and bhckg576 ne 0 then bhtxg576 ne null

June 2021 FR Y-9C: EDIT-57 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC-Q Quality 0366 HC-QM2dTX BHTXG576 If text data is not equal to null, then financial data should not 

equal null or zero. if bhtxg576 ne null then bhckg576 ne null and bhckg576 ne 0

FRY9C 20150331 99991231 No Change HC-Q Quality 0367 HC-QM2eA BHCKG581 If financial data is not equal to null or zero, then text data should 

not equal null. if bhckg581 ne null and bhckg581 ne 0 then bhtxg581 ne null

FRY9C 20150331 99991231 No Change HC-Q Quality 0368 HC-QM2eTX BHTXG581 If text data is not equal to null, then financial data should not 

equal null or zero. if bhtxg581 ne null then bhckg581 ne null and bhckg581 ne 0

FRY9C 20150331 99991231 No Change HC-Q Quality 0369 HC-QM2fA BHCKG586 If financial data is not equal to null or zero, then text data should 

not equal null. if bhckg586 ne null and bhckg586 ne 0 then bhtxg586 ne null

FRY9C 20150331 99991231 No Change HC-Q Quality 0370 HC-QM2fTX BHTXG586 If text data is not equal to null, then financial data should not 

equal null or zero. if bhtxg586 ne null then bhckg586 ne null and bhckg586 ne 0

FRY9C 20200630 99991231 No Change HC-R(I) Quality 9690 HC-R(I)2a BHCAJJ29

If HC-R(I)2a is not null, then HC-R(I)2a should equal "0" for No, "1" 

for Yes with a 3-year CECL Transition, or "2" for Yes with a 5-year 

2020 CECL Transition.

If bhcajj29 ne null then bhcajj29 eq 1 or bhcajj29 eq 0 or 

bhcajj29 eq 2

FRY9C 20160930 99991231 No Change HC-R(I) Quality 4010 HC-R(I)1 BHCAP742

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, Sum of HC-24 and 

HC-25 should be greater than or equal to HC-R(I)1.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

(bhck3230 + bhck3240) ge bhcap742

FRY9C 20160930 99991231 No Change HC-R(I) Quality 4012 HC-R(I)3 BHCAB530

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if the absolute value 

of HC-B8D minus HC-B8C is greater than $50K, then HC-R(I)3 

should not equal zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

abs(bhct1773 - bhck1772) gt 50, then bhcab530 ne 0

FRY9C 20160930 99991231 No Change HC-R(I) Quality 4014 HC-R(I)3 BHCAB530

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if HI-M13 equals 

zero, and the absolute value of HC-B8D minus HC-B8C is greater 

than $250k, then HC-B8D minus HC-B8C should not equal HC-R(I)3

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

bhcka530 eq 0 and abs(bhct1773 -bhck1772) gt 250, then 

(bhct1773 -bhck1772) ne bhcab530

FRY9C 20180331 99991231 No Change HC-R(I) Quality 4016 HC-R(I)3 BHCAB530

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if HC-R(I)3a is equal 

to zero, then HC-R(I)3 should be less than or equal to HC-26b.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

bhcap838 eq 0 then bhcab530 le bhckb530

FRY9C 20160930 99991231 No Change HC-R(I) Quality 4018 HC-R(I)3 BHCAB530

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if HC-R(I)3a is equal 

to 1, then HC-R(I)3 should equal HC-26b

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

bhcap838 eq 1 , then bhcab530 eq bhckb530

FRY9C 20180331 99991231 No Change HC-R(I) Intraseries 5117 HC-R(I)3a BHCAP838

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(I)3a 

(previous) is not null and equal to 0 or 1, then HC-R(I)3a (current) 

should equal HC-R(I)3a (previous).

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

(bhcap838-q2 ne null and bhcap838-q2 eq 0 or bhcap838-q2 eq 

1) then (bhcap838-q1 eq bhcap838-q2)

FRY9C 20200331 99991231 No Change HC-R(I) Quality 9600 HC-R(I)4 BHCAP839

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(I)4 should not 

be negative and should not be null. 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcap839 ge 0 and bhcap839 ne null

FRY9C 20160930 99991231 No Change HC-R(I) Quality 4025 HC-R(I)4 BHCAP839

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(I)4 should be 

less than or equal to HC-27B

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcap839 le bhck3000

FRY9C 20200331 99991231 No Change HC-R(I) Quality 9600 HC-R(I)6 BHCAP841

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(I)6 should not 

be negative and should not be null. 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcap841 ge 0 and bhcap841 ne null

FRY9C 20180630 99991231 No Change HC-R(I) Quality 4020 HC-R(I)6 BHCAP841

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(I)6 should be 

less than or equal to HC-M12b. 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcap841 le bhck3163

FRY9C 20180930 99991231 No Change HC-R(I) Quality 4030 HC-R(I)7 BHCAP842

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(I)7 should be 

less than or equal to HC-M12c. (+1)

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

(bhcap842 le (bhckjf76 + 1)

June 2021 FR Y-9C: EDIT-58 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20200630 99991231 No Change HC-R(I) Quality 4027 HC-R(I)8 BHCAP843

For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, the sum of HC-R(I)8 and HC-R(I)15aA should be less than 

or equal to HC-F2.

For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank 

IHCs, Non-BHC IHCs and covered SLHCs as defined by the final 

capital rule only, (bhcaP843 + bhcalb60) le bhck2148

FRY9C 20200630 99991231 No Change HC-R(I) Quality 4027 HC-R(I)8 BHCAP843

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule that only, the sum of HC-R(I)8 and HC-R(I)15bB should be less 

than or equal to HC-F2.

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, (bhcaP843 + bhcwp855) le bhck2148

FRY9C 20160930 99991231 No Change HC-R(I) Quality 4029 HC-R(I)9a BHCAP844

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if the absolute value 

of HC-R(I)9a minus (HC-B8D minus HC-B8C) is greater than $100K, 

then the sum of HC-F2 and HC-G2 should be greater than zero 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

abs(bhcap844 - (bhct1773 - bhck1772)) gt 100, then (bhck2148 

+ bhck3049) gt 0

FRY9C 20160930 99991231 No Change HC-R(I) Quality 4031 HC-R(I)9a BHCAP844

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if HC-R(I)3a equals 

1 and if the absolute value of HC-B8D minus HC-B8C is greater 

than $50k, then HC-R(I)9a should not equal zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

bhcap838 eq 1 and if abs(bhct1773 - bhck1772) gt 50, then 

bhcap844 ne 0

FRY9C 20160930 99991231 No Change HC-R(I) Quality 4032 HC-R(I)9a BHCAP844

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if HI-M13 equals 

zero and the absolute value of HC-B8D minus HC-B8C is greater 

than $250K, then HC-R(I)9a should not equal HC-B8D minus HCB8C

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

bhcka530 eq 0 and abs(bhct1773 - bhck1772) gt 250, then 

bhcap844 ne (bhct1773 - bhck1772)

FRY9C 20190630 99991231 No Change HC-R(I) Quality 4036 HC-R(I)9e BHCAP848

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if HC-R(I)3a equals 

1 and If HC-2a equals 0, then HC-R(I)9e should equal 0 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

bhcap838 eq 1 and if bhckjj34 eq 0, then bhcap848 eq 0

FRY9C 20160930 99991231 No Change HC-R(I) Quality 4038 HC-R(I)9f BHCAP849

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if HC-R(I)3 is not 

equal to 0 and HC-R(I)3a is equal to zero, then HC-R(I)9f should 

not be null.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

bhcab530 ne 0, and bhcap838 eq 0, then bhcap849 ne null

FRY9C 20160930 99991231 No Change HC-R(I) Quality 4039 HC-R(I)10b BHCAP850

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(I)10b 

(current) minus HC-R(I)10b (previous) should be +/- $100K 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

(bhcap850-q1 - bhcap850-q2) le 100 and (bhcap850-q1 - 

bhcap850-q2) ge -100

FRY9C 20200630 99991231 No Change HC-R(I) Quality 9600 HC-R(I)11B BHCWP851

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, HC-R(I)11B should not be negative and should not be 

null. 

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, bhcwp851 ge 0 and bhcwp851 ne null

FRY9C 20200630 99991231 No Change HC-R(I) Quality 9600 HC-R(I)13aA BHCALB58

For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, HC-R(I)13aA should not be negative and should not be 

null. 

For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank 

IHCs, Non-BHC IHCs and covered SLHCs as defined by the final 

capital rule only, bhcalb58 ge 0 and bhcalb58 ne null

FRY9C 20200630 99991231 No Change HC-R(I) Quality 9600 HC-R(I)13bB BHCWP853

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, HC-R(I)13bB should not be negative and should not be 

null. 

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, bhcwp853 ge 0 and bhcwp853 ne null

FRY9C 20200630 99991231 No Change HC-R(I) Quality 9600 HC-R(I)14aA BHCALB59

For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, HC-R(I)14aA should not be negative and should not be 

null. 

For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank 

IHCs, Non-BHC IHCs and covered SLHCs as defined by the final 

capital rule only, bhcalb59 ge 0 and bhcalb59 ne null

FRY9C 20200630 99991231 No Change HC-R(I) Quality 9600 HC-R(I)14bB BHCWP854

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, HC-R(I)14bB should not be negative and should not be 

null. 

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, bhcwp854 ge 0 and bhcwp854 ne null

June 2021 FR Y-9C: EDIT-59 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20200630 99991231 No Change HC-R(I) Quality 9600 HC-R(I)15aA BHCALB60

For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, HC-R(I)15aA should not be negative and should not be 

null. 

For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank 

IHCs, Non-BHC IHCs and covered SLHCs as defined by the final 

capital rule only, bhcalb60 ge 0 and bhcalb60 ne null

FRY9C 20200630 99991231 No Change HC-R(I) Quality 9600 HC-R(I)15bB BHCWP855

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, HC-R(I)15bB should not be negative and should not be 

null. 

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, bhcwp855 ge 0 and bhcwp855 ne null

FRY9C 20200630 99991231 No Change HC-R(I) Quality 9600 HC-R(I)17A BHCAP857

For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, HC-R(I)17A should not be negative and should not be 

null. 

For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank 

IHCs, Non-BHC IHCs and covered SLHCs as defined by the final 

capital rule only, bhcap857 ge 0 and bhcap857 ne null

FRY9C 20200630 99991231 No Change HC-R(I) Quality 9600 HC-R(I)17B BHCWP857

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, HC-R(I)17B should not be negative and should not be 

null. 

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, bhcwp857 ge 0 and bhcwp857 ne null

FRY9C 20200630 99991231 No Change HC-R(I) Quality 4041 HC-R(I)17A BHCAP857

For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, if HC-R(I)23 is greater than HC-R(I)24, then HC-R(I)17A 

should be equal to zero and should not be null

For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank 

IHCs, Non-BHC IHCs and covered SLHCs as defined by the final 

capital rule only, if bhcap863 gt bhcap864 then bhcap857 eq 0 

and bhcap857 ne null

FRY9C 20200630 99991231 No Change HC-R(I) Quality 4041 HC-R(I)17B BHCWP857

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, if HC-R(I)23 is greater than HC-R(I)24, then HC-R(I)17B 

should be equal to zero and should not be null

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, if bhcap863 gt bhcap864 then bhcwp857 eq 0 and 

bhcwp857 ne null

FRY9C 20200630 99991231 No Change HC-R(I) Quality 4042 HC-R(I)17B BHCWP857

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, if HC-R(I)24 is greater than HC-R(I)23, then the sum of 

HC-R(I)17B and HC-R(I)23 should equal HC-R(I)24 

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, if bhcap864 gt bhcap863 then (bhcwp857 + 

bhcap863) eq bhcap864

FRY9C 20200630 99991231 No Change HC-R(I) Quality 4042 HC-R(I)17A BHCAP857

For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, if HC-R(I)24 is greater than HC-R(I)23, then the sum of 

HC-R(I)17A and HC-R(I)23 should equal HC-R(I)24.

For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank 

IHCs, Non-BHC IHCs and covered SLHCs as defined by the final 

capital rule only, if bhcap864 gt bhcap863 then (bhcap857 + 

bhcap863) eq bhcap864

FRY9C 20200331 99991231 No Change HC-R(I) Quality 9600 HC-R(I)20 BHCAP860

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(I)20 should 

not be negative and should not be null. 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcap860 ge 0 and bhcap860 ne null

FRY9C 20160930 99991231 No Change HC-R(I) Quality 4040 HC-R(I)20 BHCAP860

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, Sum of HC-23 and 

HC-19b should be greater than or equal to HC-R(I)20.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

(bhck3283 + bhckc699) ge bhcap860

FRY9C 20200331 99991231 No Change HC-R(I) Quality 9600 HC-R(I)21 BHCAP861

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(I)21 should 

not be negative and should not be null. 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcap861 ge 0 and bhcap861 ne null

FRY9C 20200331 99991231 No Change HC-R(I) Quality 9600 HC-R(I)22 BHCAP862

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(I)22 should 

not be negative and should not be null. 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcap862 ge 0 and bhcap862 ne null

FRY9C 20200331 99991231 No Change HC-R(I) Quality 9600 HC-R(I)24 BHCAP864

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(I)24 should 

not be negative and should not be null. 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcap864 ge 0 and bhcap864 ne null

FRY9C 20200331 99991231 No Change HC-R(I) Quality 4043 HC-R(I)24 BHCAP864

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if HC-R(I)43 is 

greater than HC-R(I)42a, then HC-R(I)24 should be greater than HCR(I)43 minus HC-R(I)42a.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

bhcap872 gt bhcap870, then bhcap864 gt (bhcap872-bhcap870)

June 2021 FR Y-9C: EDIT-60 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20200630 99991231 No Change HC-R(I) Quality 9550 HC-R(I)25 BHCAP865

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(I)25 should 

not be negative and should not be null.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcap865 ge 0 and bhcap865 ne null

FRY9C 20200331 99991231 No Change HC-R(I) Quality 9600 HC-R(I)37 BHCAP866

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule that do not plan to adopt 

the CBLR framework only, if HC-R(I)31a is zero, then HC-R(I)37 

should not be negative and should not be null. 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

bhcale74 eq 0, then bhcap866 ge 0 and bhcap866 ne null

FRY9C 20200331 99991231 No Change HC-R(I) Quality 9600 HC-R(I)38 BHCAP867

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule that do not plan to adopt 

the CBLR framework only, if HC-R(I)31a is zero, then HC-R(I)38 

should not be negative and should not be null. 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

bhcale74 eq 0, then bhcap867 ge 0 and bhcap867 ne null

FRY9C 20200331 99991231 No Change HC-R(I) Quality 9600 HC-R(I)39 BHCAP868

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule that do not plan to adopt 

the CBLR framework only, if HC-R(I)31a is zero, then HC-R(I)39 

should not be negative and should not be null. 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

bhcale74 eq 0, then bhcap868 ge 0 and bhcap868 ne null

FRY9C 20201231 99991231 No Change HC-R(I) Quality 9600 HC-R(I)40a BHCA5310

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule that do not plan to adopt 

the CBLR framework only, if HC-R(I)31a is 0, then HC-R(I)40a 

should not be negative and should not be null. 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

bhcale74 eq 0, then bhca5310 ge 0 and bhca5310 ne null

FRY9C 20200331 99991231 No Change HC-R(I) Quality 4049 HC-R(I)40a BHCA5310

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-4c minus HIB(II)M1 plus HC-G3 is greater than 1.25 percent of HC-R(II)26, 

then HC-R(I)40a should equal 1.25 percent of HC-R(II)26 +/- 1k

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

(bhck3123 -bhckc435 + bhckb557) gt (.0125 * bhcks580) then 

bhca5310 le (.0125 * bhcks580) + 1 or bhca5310 ge (.0125 * 

bhcks580) - 1

FRY9C 20200331 99991231 No Change HC-R(I) Quality 9610 HC-R(I)40b BHCW5310 For advanced approaches HCs that exit parallel run only, HCR(I)40b should not be null and should not be negative. 

For advanced approaches HCs that exit parallel run only 

bhcw5310 ne null and bhcw5310 ge 0

FRY9C 20200331 99991231 No Change HC-R(I) Quality 9620 HC-R(I)43 BHCAP872

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule that do not plan to adopt 

the CBLR framework only, if HC-R(I)31a is zero, then HC-R(I)43 

should not be null and should not be negative. 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

bhcale74 eq 0, then bhcap872 ne null and bhcap872 ge 0

FRY9C 20200331 99991231 No Change HC-R(I) Quality 4052 HC-R(I)43 BHCAP872

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(I)43 should be 

less than or equal to HC-R(I)42a.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcap872 le bhcap870

FRY9C 20200331 99991231 No Change HC-R(I) Quality 4054 HC-R(I)43 BHCAP872

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if HC-R(I)42b is 

greater than zero, then HC-R(I)43 should be less than or equal to 

HC-R(I)42b.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

bhcwp870 gt 0, then bhcap872 le bhcwp870

FRY9C 20200331 99991231 No Change HC-R(I) Quality 9550 HC-R(I)44a BHCA5311

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule that do not plan to adopt 

the CBLR framework only, if HC-R(I)31a is zero then HC-R(I)44a 

should not be negative and should not be null.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

bhcale74 eq 0, then bhca5311 ge 0 and bhca5311 ne null

FRY9C 20200331 99991231 No Change HC-R(I) Quality 9550 HC-R(I)44b BHCW5311 For Advanced Approaches HCs that have exited parallel run, HCR(I)44b should not be negative and should not be null. 

For Advanced Approaches HCs that have exited parallel run, 

bhcw5311 ge 0 and bhcw5311 ne null

FRY9C 20200630 99991231 No Change HC-R(I) Quality 4045 HC-R(I)28 BHCAP875

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, if HC-R(I)24 does not equal zero or null, then the sum of 

HC-R(I)6 through HC-R(I)8, HC-R(I)10b, HC-R(I)11B, HC-R(I)13bB, 

HC-R(I)14bB, HC-R(I)15bB, HC-R(I)16B, and HC-R(I)17B should be 

less than or equal to HC-R(I)28.

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final 

capital rule only, if bhcap864 ne 0 and bhcap864 ne null, then 

(bhcap841 + bhcap842 + bhcap843 + bhcap850 + bhcwp851 + 

bhcwp853 + bhcwp854 + bhcwp855 + bhcwp856 + bhcwp857) 

le bhcap875

June 2021 FR Y-9C: EDIT-61 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20200630 99991231 No Change HC-R(I) Quality 4045 HC-R(I)28 BHCAP875

For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, if HC-R(I)24 does not equal zero or null, then the sum of 

HC-R(I)6 through HC-R(I)8, HC-R(I)10b, HC-R(I)13aA, HC-R(I)14aA, 

HC-R(I)15aA, and HC-R(I)17A should be less than or equal to HCR(I)28.

For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank 

IHCs, Non-BHC IHCs and covered SLHCs as defined by the final 

capital rule only, if bhcap864 ne 0 and bhcap864 ne null, then 

(bhcap841 + bhcap842 + bhcap843 + bhcap850 + bhcalb58 + 

bhcalb59 + bhcalb60 + bhcap857) le bhcap875

FRY9C 20200630 99991231 No Change HC-R(I) Quality 4046 HC-R(I)28 BHCAP875

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, if HC-R(I)24 does not equal zero or null, then the sum of 

HC-R(I)6 through HC-R(I)8, HC-R(I)10b, HC-R(I)11B, HC-R(I)13bB, 

HC-R(I)14bB, HC-R(I)15bB, HC-R(I)16B, HC-R(I)17B and HC-R(I)24 

should be greater than or equal to HC-R(I)28.

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final 

capital rule only, if bhcap864 ne 0 and bhcap864 ne null, then 

(bhcap841 + bhcap842 + bhcap843 + bhcap850 + bhcwp851 + 

bhcwp853 + bhcwp854 + bhcwp855 + bhcwp856 + bhcwp857 + 

bhcap864) ge bhcap875

FRY9C 20200630 99991231 No Change HC-R(I) Quality 4046 HC-R(I)28 BHCAP875

For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, if HC-R(I)24 does not equal zero or null, then the sum of 

HC-R(I)6 through HC-R(I)8, HC-R(I)10b, HC-R(I)13aA, HC-R(I)14aA, 

HC-R(I)15aA, HC-R(I)17A and HC-R(I)24 should be greater than or 

equal to HC-R(I)28.

For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank 

IHCs, Non-BHC IHCs and covered SLHCs as defined by the final 

capital rule only, if bhcap864 ne 0 and bhcap864 ne null, then 

(bhcap841 + bhcap842 + bhcap843 + bhcap850 + bhcalb58 + 

bhcalb59 + bhcalb60 + bhcap857 + bhcap864) ge bhcap875

FRY9C 20200630 99991231 No Change HC-R(I) Quality 4047 HC-R(I)28 BHCAP875

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, if HC-R(I)12A is null, then Sum of HC-R(I)6 through HCR(I)8, HC-R(I)10b, HC-R(I)11B, HC-R(I)13bB, HC-R(I)14bB, HCR(I)15bB, HC-R(I)16B, HC-R(I)17B and HC-R(I)24 should be greater 

than or equal to HC-R(I)28.

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final 

capital rule only, if bhcap852 eq null. then (bhcap841 + 

bhcap842 + bhcap843 + bhcap850 + bhcwp851 + bhcwp853 + 

bhcwp854 + bhcwp855 + bhcwp856 + bhcwp857 + bhcap864) 

ge bhcap875

FRY9C 20200630 99991231 No Change HC-R(I) Quality 4046 HC-R(I)28 BHCAP875

For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, if HC-R(I)12A is not null, then sum of HC-R(I)6 through 

HC-R(I)8, HC-R(I)10b, HC-R(I)13aA, HC-R(I)14aA, HC-R(I)15aA, and 

HC-R(I)17A and HC-R(I)24 should be greater than or equal to HCR(I)28.

For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank 

IHCs, Non-BHC IHCs and covered SLHCs as defined by the final 

capital rule only, if bhcap852 ne null, then (bhcap841 + 

bhcap842 + bhcap843 + bhcap850 + bhcalb58 + bhcalb59 + 

bhcalb60 + bhcap857 + bhcap864) ge bhcap875

FRY9C 20200331 99991231 No Change HC-R(I) Quality 4050 HC-R(I)40a BHCA5310

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(I)40a should 

be less than or equal to 1.25 percent of HC-R(II)26 (+ .01 percent).

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

(bhca5310 le (.0126 * bhcks580)) 

FRY9C 20200331 99991231 No Change HC-R(I) Quality 9620 HC-R(I)46a BHCAA223

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule that do not plan to adopt 

the CBLR framework only, if HC-R(I)31a is zero, then HC-R(I)46a 

should not be null and should not be negative. 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

bhcale74 eq 0, then bhcaa223 ne null and bhcaa223 ge 0

FRY9C 20200331 99991231 No Change HC-R(I) Quality 4055 HC-R(I)46a BHCAA223

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(I)46a should 

equal HC-R(II)31.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcaa223 eq bhckg641

FRY9C 20200331 99991231 No Change HC-R(I) Quality 9630 HC-R(I)46b BHCWA223

For advanced approaches HCs that exit parallel run only, HCR(I)46b should not be null and should not be negative.For advanced approaches HCs that exit parallel run only 

bhcwa223 ne null and bhcwa223 ge 0 

FRY9C 20200630 99991231 No Change HC-R(I) Quality 4060 HC-R(I)47A BHCAP793

For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, If HC-R(I)46a does not equal zero, then HC-R(I)47A 

should equal HC-R(I)19A divided by HC-R(I)46a (+/-.1%). 

For non-advanced approaches BHCs, SHCs, IHCs, Non-Bank 

IHCs, Non-BHC IHCs and covered SLHCs as defined by the final 

capital rule only, If bhcaa223 ne 0 then (bhcap793 le 

((bhcap859 / bhcaa223) * 100) + .1) and (bhcap793 ge 

((bhcap859 / bhcaa223) * 100) - .1) 

FRY9C 20201231 99991231 No Change HC-R(I) Quality 4061 HC-R(I)47A BHCAP793

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule, if HC-R(I)46a does not equal zero, then HC-R(I)47A should 

equal HC-R(I)19B divided by HC-R(I)46a (+/-.1%). 

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule, if bhcaa223 ne 0 then (bhcap793 le ((bhcwp859 / 

bhcaa223) * 100) + .1) and (bhcap793 ge ((bhcwp859 / 

bhcaa223) * 100) - .1) 

June 2021 FR Y-9C: EDIT-62 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20200630 99991231 No Change HC-R(I) Quality 4060 HC-R(I)47B BHCWP793

For advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, NonBHC IHCs and covered SLHCs as defined by the final capital rule 

that exit parallel run only, If HC-R(I)46b does not equal zero, then 

HC-R(I)47B should equal HC-R(I)19B divided by HC-R(I)46b (+/-

.1%). 

For advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule that exit parallel run only, If bhcwa223 ne 0 then 

(bhcwp793 le ((bhcwp859 / bhcwa223) * 100) + .1) and 

(bhcwp793 ge ((bhcwp859 / bhcwa223) * 100) - .1) 

FRY9C 20200331 99991231 No Change HC-R(I) Quality 4070 HC-R(I)47B BHCWP793

 For advanced approaches HCs that exit parallel run only, if HCR(I)46b does not equal zero, then HC-R(I)47B should equal HCR(I)19B divided by HC-R(I)46b (+/-.1%). 

For advanced approaches HCs that exit parallel run only if 

bhcwa223 ne 0 then (bhcwp793 le ((bhcwp859 / bhcwa223) * 

100) + .1) and (bhcwp793 ge ((bhcwp859 / bhcwa223) * 100) - 

.1)

FRY9C 20200331 99991231 No Change HC-R(I) Quality 4080 HC-R(I)48A BHCA7206

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(I)46a does 

not equal zero, then HC-R(I)48A should equal HC-R(I)26 divided by 

HC-R(I)46a (+/-.1%). 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhcaa223 ne 0 then (bhca7206 le ((bhca8274 / bhcaa223) * 

100) + .1) and (bhca7206 ge ((bhca8274 / bhcaa223) * 100) - .1) 

FRY9C 20200331 99991231 No Change HC-R(I) Quality 4090 HC-R(I)48B BHCW7206

 For advanced approaches HCs that exit parallel run only, if HCR(I)46b does not equal zero, then HC-R(I)48B should equal HCR(I)26 divided by HC-R(I)46b (+/-.1%). 

For advanced approaches HCs that exit parallel run only if 

bhcwa223 ne 0 then (bhcw7206 le ((bhca8274 / bhcwa223) * 

100) + .1) and (bhcw7206 ge ((bhca8274 / bhcwa223) * 100) - 

.1) 

FRY9C 20200331 99991231 No Change HC-R(I) Quality 4100 HC-R(I)49A BHCA7205

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(I)46a does 

not equal zero, then HC-R(I)49A should equal HC-R(I)45a divided 

by HC-R(I)46a (+/-.1%). 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhcaa223 ne 0 then (bhca7205 le ((bhca3792 / bhcaa223) * 

100) + .1) and (bhca7205 ge ((bhca3792 / bhcaa223) * 100) - .1) 

FRY9C 20200331 99991231 No Change HC-R(I) Quality 4110 HC-R(I)49B BHCW7205

For advanced approaches HCs that exit parallel run only, if HCR(I)46b does not equal zero, then HC-R(I)49B should equal HCR(I)45b divided by HC-R(I)46b (+/-.1%). 

For advanced approaches HCs that exit parallel run only if 

bhcwa223 ne 0 then (bhcw7205 le ((bhcw3792 / bhcwa223) * 

100) + .1) and (bhcw7205 ge ((bhcw3792 / bhcwa223) * 100) - 

.1) 

FRY9C 20200331 99991231 No Change HC-R(I) Quality 4120 HC-R(I)31 BHCA7204

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(I)30 does 

not equal zero, then HC-R(I)31 should equal HC-R(I)26 divided by 

HC-R(I)30 (+/-.1%). 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhcaa224 ne 0 then (bhca7204 le ((bhca8274 / bhcaa224) * 

100) + .1) and (bhca7204 ge ((bhca8274 / bhcaa224) * 100) - .1) 

FRY9C 20210630 99991231 Revised HC-R(I) Quality 4125 HC-R(I)61A BHCAMK76

For Advanced Approaches holding companies that exit parallel run 

only, HC-R(I)61A should equal the lesser of HC-R(I)47A minus 

4.5%, HC-R(I)48A minus 6%, HC-R(I)49A minus 8% and HC-R(I)61B 

should equal the lesser of HC-R(I)47B minus 4.5%, HC-R(I)48B 

minus 6%, or HC-R(I)49B minus 8% (+/- .0001%), else if the lesser 

of HC-R(I)47A minus 4.5%, HC-R(I)48A minus 6%, HC-R(I)49A 

minus 8% is less than zero, HC-R(I)61A should equal zero and if HCR(I)47B minus 4.5%, HC-R(I)48B minus 6%, or HC-R(I)49B minus 

8% (+/- .0001%) is less than zero, then HC-R(I)61B should equal 

zero.

For advanced approaches reporting entities that exit parallel 

run only, bhcamk76 le the lesser of (((bhcap793 - 4.5%) or 

(bhca7206 - 6%) or (bhca7205 - 8%)) +.0001) and bhcwh311 le 

the lesser of (((bhcwp793 - 4.5%) or (bhcw7206 - 6%) or 

(bhcw7205 - 8%)) + .0001%) and bhcamk76 ge the lesser of 

(((bhcap793 - 4.5%) or (bhca7206 - 6%) or (bhca7205 - 8%) -

.0001%) and bhcwh311 ge the lesser of (((bhcwp793 - 4.5%) or 

(bhcw7206 - 6%) or (bhcw7205 - 8%)) - .0001), else if the lesser 

of (bhcap793 - 4.5%) or (bhca7206 - 6%) or (bhca7205- 8%) is lt 

0 then bhcamk76 eq 0 and if the lesser of (bhcwp793 - 4.5%) or 

(bhcw7206 - 6%) or (bhcw7205 - 8%) is lt 0, then bhcwh311 eq 

0 

FRY9C 20210630 99991231 Revised HC-R(I) Quality 4130 HC-R(I)50 BHCAH311

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs, covered 

SLHCs as defined by the final capital rule, Non-advanced 

approaches HCs with less than $100 billion in total consolidated 

assets that do not plan to adopt the CBLR framework only, if HCR(I)31a is zero and HC-R(I)50 is not null, then HC-R(I)50 should 

equal the lesser of HC-R(I)47A minus 4.5%, HC-R(I)48A minus 6% 

or HC-R(I)49A minus 8% (+/- .0001%), else if HC-R(I)31a is zero 

and HC-R(I)50 is not null and the lesser of HC-R(I)47A minus 4.5%, 

HC-R(I)48A minus 6% or HC-R(I)49A minus 8% is less than zero, 

then HC-R(I)50 should equal zero. 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, Nonadvanced approaches HCs that do not plan to adopt the CBLR 

framework only, if bhcale74 eq 0 and bhcah311 ne null and 

bhck2170 lt 100000000, then bhcah311 le the lesser of 

(((bhcap793 - 4.5%) or (bhca7206 - 6.%) or (bhca7205 - 8%)) + 

.0001%) and bhcah311 ge the lesser of (((bhcap793 - 4.5%) or 

(bhca7206 - 6%) or (bhca7205 - 8.%)) - .0001%) else if bhcale74 

eq 0 and bhcah311 ne null and bhck2170 lt 100000000 and the 

lesser of (bhcap793 - 4.5%) or (bhca7206 - 6%) or (bhca7205- 

8%) lt 0 then bhcah311 eq 0

June 2021 FR Y-9C: EDIT-63 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20201231 99991231 No Change HC-R(I) Quality 4137 HC-R(I)51 BHCAH313

For advanced approaches HCs that have exited parallel run only, if 

HC-R(I)50 is greater than 2.5000 then HC-R(I)51 and HC-R(I)52 

should be null. 

For advanced approaches HCs that have exited parallel run 

only, if bhcah311 gt 2.5000 then bhcah313 eq null and 

bhcah314 eq null. 

FRY9C 20210630 99991231 Revised HC-R(I) Interseries 4138 HC-R(I)53 BHCAH036

For advanced approaches and Category III HCs only, HC-R(I)53 

should equal the Supplementary Leverage Ratio reported on the 

FFIEC101, Schedule A, Table 2, Item 2.22.

For advanced approaches and Category III HCs only, bhcah036 

should equal aaaah036.

FRY9C 20210630 99991231 Added HC-R(I) Quality 4141 HC-R(I)54 BHCALF21

For top-tier BHCs of U.S. GSIBs and IHCs of foreign GSIBs only, if 

HC-R(I)54 is not null, then HC-R(I)54 should be less than or equal 

to HC-21 minus sum of HC-E1a, HC-E1b, HC-E1c, HC-E2a, HC-E2b, 

HC-E2c.

For top-tier BHCs of U.S. GSIBs and IHCs of foreign GSIBs only, 

if bhcalf21 is not null, then bhcalf21 le bhck2948 - (bhcb2210 + 

bhcb3187 + bhcb2389 + bhod3189 + bhod3187 + bhod2389).

FRY9C 20210630 99991231 Added HC-R(I) Quality 4139 HC-R(I)62b BHCALF28 For top-tier BHCs of U.S. GSIBs, if HC-R(I)59B is less than or equal 

to 7.5%, then HC-R(I)62b should equal zero.

For top-tier BHCs of U.S. GSIBs, if bhcwlf25 le 7.5000, then 

bhcalf28 eq 0.

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6894 HC-R(II)1B BHCKS396

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If the sum of HC1b1 and HC-1b2 is equal to zero, then HC-R(II)1B should equal 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

(bhck0395 + bhck0397) eq 0 then bhcks396 eq 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6896 HC-R(II)1C BHCKD958

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)1C should 

not exceed 98 percent of HC-R(II)1A.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd958 le (bhckd957* 0.98)

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)1C BHCKD958

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II) 1C should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd958 ge 0 or bhckd958 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)1G BHCKD959

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)1G should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd959 ge 0 or bhckd959 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)1H BHCKS397

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)1H should 

not be negative

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks397 ge 0 or bhcks397 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)1I BHCKD960

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)1I should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd960 ge 0 or bhckd960 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)1J BHCKS398

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II) 1J should 

not be negative

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks398 ge 0 or bhcks398 eq null 

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6897 HC-R(II)2aB BHCKS399

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only,if HC-R(I)3a equals 1, 

and the sum of HC-R(II)2aA and HC-R(II)9aA is greater than 0, and 

HC-R(I)9e is not equal to 0, then the sum of HC-R(II)2aB and HCR(II)9aB should not equal 0

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

bhcap838 eq 1, and (bhckd961 + bhcks475) gt 0 and bhcap848 

ne 0 then (bhckS399 + bhckS476) ne 0

FRY9C 20180630 99991231 No Change HC-R(II) Quality 6898 HC-R(II)2aC BHCKD962

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)2aC should 

be less than or equal to the sum of HC-B1A, HC-B2A, HC-B4a1A, 

HC-B4b1A, HC-B4c1aA and HC-B4c2aA.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd962 le (bhck0211 + bhckht50 + bhckg300 + bhckg312 + 

bhckk142 + bhckk150)

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)2aC BHCKD962

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)2aC should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd962 ge 0 or bhckd962 eq null

FRY9C 20170331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)2aD BHCKHJ74

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)2aD should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhj74 ge 0 or bhckhj74 eq null

FRY9C 20170331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)2aE BHCKHJ75

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)2aE should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhj75 ge 0 or bhckhj75 eq null

June 2021 FR Y-9C: EDIT-64 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)2aG BHCKD963

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)2aG should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd963 ge 0 or bhckd963 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)2aH BHCKD964

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)2aH should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd964 ge 0 or bhckd964 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)2aI BHCKD965

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)2aI should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd965 ge 0 or bhckd965 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)2aJ BHCKS400

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)2aJ should 

not be negative

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks400 ge 0 or bhcks400 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)2bC BHCKD967

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)2bC should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd967 ge 0 or bhckd967 eq null

FRY9C 20170331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)2bD BHCKHJ76

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)2bD should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhj76 ge 0 or bhckhj76 eq null

FRY9C 20170331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)2bE BHCKHJ77

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)2bE should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhj77 ge 0 or bhckhj77 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)2bG BHCKD968

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)2bG should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd968 ge 0 or bhckd968 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)2bH BHCKD969

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)2bH should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd969 ge 0 or bhckd969 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)2bI BHCKD970

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)2bI should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd970 ge 0 or bhckd970 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)2bJ BHCKS403

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)2bJ should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks403 ge 0 or bhcks403 eq null

FRY9C 20200630 99991231 No Change HC-R(II) Quality 9550 HC-R(II)2bK BHCKH270 For advanced approaches HCs only, HC-R(II)2bK should not be 

negative.

For advanced approaches HCs only, bhckh270 ge 0 or bhckh270 

eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)2bL BHCKS405

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)2bLshould 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks405 ge 0 or bhcks405 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)2bN BHCKS406

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)2bN should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks406 ge 0 or bhcks406 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)2bR BHCKH271

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)2bR should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh271 ge 0 or bhckh271 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)2bS BHCKH272

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)2bS should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh272 ge 0 or bhckh272 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6904 HC-R(II)2bR BHCKH271

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)2bS is 

greater than zero then HC-R(II)2bR should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh272 gt 0 then bhckh271 gt 0

June 2021 FR Y-9C: EDIT-65 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6905 HC-R(II)2bS BHCKH272

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)2bR is 

greater than zero then HC-R(II)2bS should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh271 gt 0 then bhckh272 gt 0

FRY9C 20200630 99991231 No Change HC-R(II) Quality 1333 HC-R(II)3aC BHCKD972

For BHCs, SHCs, IHCs, Non-BHC IHCs, and covered SLHCs as 

defined by the final capital rule that do not plan to adopt the CBLR 

framework only, for June and December, if previous year June HC12 is less than $5 billion, then HC-R(II)3aC should equal zero and 

should not be null.

For BHCs, SHCs, IHCs, Non-BHC IHCs, and covered SLHCs as 

defined by the final capital rule that do not plan to adopt the 

CBLR framework only, if ((mm-q1 eq 06 and bhck2170-q5 lt 

5000000) or (mm-q1 eq 12 and bhck2170-q7 lt 5000000)) and 

bhcale74 eq 0 then bhckd972 eq 0 and bhckd972 ne null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)3aG BHCKD973

For BHCs, SHCs, IHCs, Non-BHC IHCs, and covered SLHCs as 

defined by the final capital rule only, HC-R(II)3aG should not be 

negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs, and covered SLHCs as 

defined by the final capital rule only, bhckd973 ge 0 or 

bhckd973 eq null 

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)3aH BHCKS410

For BHCs, SHCs, IHCs, Non-BHC IHCs, and covered SLHCs as 

defined by the final capital rule only, HC-R(II)3aH should not be 

negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs, and covered SLHCs as 

defined by the final capital rule only, bhcks410 ge 0 or bhcks410 

eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)3aI BHCKD974

For BHCs, SHCs, IHCs, Non-BHC IHCs and covered SLHCs as 

defined by the final capital rule only, HC-R(II)3aI should not be 

negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs and covered SLHCs as 

defined by the final capital rule only, bhckd974 ge 0 or 

bhckd974 eq null 

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)3aJ BHCKS411

For BHCs, SHCs, IHCs, Non-BHC IHCs, and covered SLHCs as 

defined by the final capital rule only, HC-R(II)3aJ should not be 

negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs, and covered SLHCs as 

defined by the final capital rule only, bhcks411 ge 0 or bhcks411 

eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)3bA BHCKH171

For BHCs, SHCs, IHCs, Non-BHC IHCs, and covered SLHCs as 

defined by the final capital rule only, HC-R(II)3bA should not be 

negative.

For BHCs, SHCs, IHCs, Non-BHC IHCs, and covered SLHCs as 

defined by the final capital rule only, bhckH171 ge 0 or 

bhckH171 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4aA BHCKS413

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4aA should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks413 ge 0 or bhcks413 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4aC BHCKH173

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4aC should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckH173 ge 0 or bhckH173 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4aG BHCKS415

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4aG should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks415 ge 0 or bhcks415 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4aH BHCKS416

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4aH should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks416 ge 0 or bhcks416 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4aI BHCKS417

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4aI should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks417 ge 0 or bhcks417 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4aR BHCKH273

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4aR should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh273 ge 0 or bhckh273 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4aS BHCKH274

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4aS should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh274 ge 0 or bhckh274 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6906 HC-R(II)4aR BHCKH273

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)4aS is 

greater than zero then HC-R(II)4aR should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh274 gt 0 then bhckh273 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6907 HC-R(II)4aS BHCKH274

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)4aR is 

greater than zero then HC-R(II)4aS should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh273 gt 0 then bhckh274 gt 0

June 2021 FR Y-9C: EDIT-66 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4bA BHCKS419

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4bA should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks419 ge 0 or bhcks419 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4bC BHCKH174

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4bC should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckH174 ge 0 or bhckH174 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4bG BHCKH175

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4bG should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckH175 ge 0 or bhckH175 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4bH BHCKH176

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4bH should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckH176 ge 0 or bhckH176 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4bI BHCKH177

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4bI should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckH177 ge 0 or bhckH177 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4bJ BHCKS421

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4bJ should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks421 ge 0 or bhcks421 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4bR BHCKH275

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4bR should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh275 ge 0 or bhckh275 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4bS BHCKH276

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4bS should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh276 ge 0 or bhckh276 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6908 HC-R(II)4bR BHCKH275

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)4bS is 

greater than zero then HC-R(II)4bR should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh276 gt 0 then bhckh275 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6909 HC-R(II)4bS BHCKH276

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)4bR is 

greater than zero then HC-R(II)4bS should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh275 gt 0 then bhckh276 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4cA BHCKS423

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4cA should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks423 ge 0 or bhcks423 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4cC BHCKS425

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4cC should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks425 ge 0 or bhcks425 eq null

FRY9C 20170331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4cD BHCKHJ78

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4cD should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhj78 ge 0 or bhckhj78 eq null

FRY9C 20170331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4cE BHCKHJ79

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4cE should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhj79 ge 0 or bhckhj79 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4cG BHCKS426

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4cG should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks426 ge 0 or bhcks426 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4cH BHCKS427

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4cH should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks427 ge 0 or bhcks427 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4cI BHCKS428

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4cI should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks428 ge 0 or bhcks428 eq null

June 2021 FR Y-9C: EDIT-67 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4cJ BHCKS429

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4cJ should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks429 ge 0 or bhcks429 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4cR BHCKH277

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4cR should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh277 ge 0 or bhckh277 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4cS BHCKH278

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4cS should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh278 ge 0 or bhckh278 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6911 HC-R(II)4cR BHCKH277

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)4cS is 

greater than zero then HC-R(II)4cR should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh278 gt 0 then bhckh277 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6912 HC-R(II)4cS BHCKH278

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)4cR is 

greater than zero then HC-R(II)4cS should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh277 gt 0 then bhckh278 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4dC BHCKS433

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4dC should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks433 ge 0 or bhcks433 eq null 

FRY9C 20170331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4dD BHCKHJ80

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4dD should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhj80 ge 0 or bhckhj80 eq null

FRY9C 20170331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4dE BHCKHJ81

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4dE should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhj81 ge 0 or bhckhj81 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4dG BHCKS434

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4dG should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks434 ge 0 or bhcks434 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4dH BHCKS435

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4dH should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks435 ge 0 or bhcks435 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4dI BHCKS436

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4dI should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks436 ge 0 or bhcks436 eq null 

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4dJ BHCKS437

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4dJ should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks437 ge 0 or bhcks437 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4dR BHCKH279

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4dR should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh279 ge 0 or bhckh279 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)4dS BHCKH280

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)4dS should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh280 ge 0 or bhckh280 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6913 HC-R(II)4dR BHCKH279

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)4dS is 

greater than zero then HC-R(II)4dR should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh280 gt 0 then bhckh279 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6914 HC-R(II)4dS BHCKH280

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)4dR is 

greater than zero then HC-R(II)4dS should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh279 gt 0 then bhckh280 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5aA BHCKS439

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5aA should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks439 ge 0 or bhcks439 eq null

June 2021 FR Y-9C: EDIT-68 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5aC BHCKH178

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5aC should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckH178 ge 0 or bhckH178 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5aG BHCKS441

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5aG should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks441 ge 0 or bhcks441 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5aH BHCKS442

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5aH should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks442 ge 0 or bhcks442 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5aI BHCKS443

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5aI should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks443 ge 0 or bhcks443 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5aR BHCKH281

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5aR should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh281 ge 0 or bhckh281 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5aS BHCKH282

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5aS should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh282 ge 0 or bhckh282 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6917 HC-R(II)5aR BHCKH281

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)5aS is 

greater than zero then HC-R(II)5aR should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh282 gt 0 then bhckh281 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6918 HC-R(II)5aS BHCKH282

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)5aR is 

greater than zero then HC-R(II)5aS should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh281 gt 0 then bhckh282 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5bA BHCKS445

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5bA should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks445 ge 0 or bhcks445 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5bC BHCKH179

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5bC should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckH179 ge 0 or bhckH179 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5bG BHCKH180

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5bG should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckH180 ge 0 or bhckH180 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5bH BHCKH181

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5bH should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckH181 ge 0 or bhckH181 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5bI BHCKH182

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5bI should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckH182 ge 0 or bhckH182 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5bJ BHCKS447

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5bJ should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks447 ge 0 or bhcks447 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5bR BHCKH283

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5bR should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh283 ge 0 or bhckh283 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5bS BHCKH284

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5bS should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh284 ge 0 or bhckh284 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6922 HC-R(II)5bR BHCKH283

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)5bS is 

greater than zero then HC-R(II)5bR should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh284 gt 0 then bhckh283 gt 0

June 2021 FR Y-9C: EDIT-69 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6923 HC-R(II)5bS BHCKH284

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)5bR is 

greater than zero then HC-R(II)5bS should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh283 gt 0 then bhckh284 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5cA BHCKS449

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5cA should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks449 ge 0 or bhcks449 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5cC BHCKS451

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5cC should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks451 ge 0 or bhcks451 eq null

FRY9C 20170331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5cD BHCKHJ82

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5cD should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhj82 ge 0 or bhckhj82 eq null

FRY9C 20170331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5cE BHCKHJ83

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5cE should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhj83 ge 0 or bhckhj83 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5cG BHCKS452

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5cG should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks452 ge 0 or bhcks452 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5cH BHCKS453

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5cH should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks453 ge 0 or bhcks453 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5cI BHCKS454

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5cI should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks454 ge 0 or bhcks454 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5cJ BHCKS455

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5cJ should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks455 ge 0 or bhcks455 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5cR BHCKH285

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5cR should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh285 ge 0 or bhckh285 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5cS BHCKH286

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5cS should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh286 ge 0 or bhckh286 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6924 HC-R(II)5cR BHCKH285

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)5cS is 

greater than zero then HC-R(II)5cR should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh286 gt 0 then bhckh285 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6926 HC-R(II)5cS BHCKH286

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)5cR is 

greater than zero then HC-R(II)5cS should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh285 gt 0 then bhckh286 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6910 HC-R(II)5dB BHCKS458

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, Sum of HC-R(II)2aB, 

HC-R(II)4aB through 4dB and HC-R(II)5aB through 5dB should be 

less than or equal to $100k.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

(bhcks399 + bhcks414 + bhcks420 + bhcks424 + bhcks432 + 

bhcks440 + bhcks446 + bhcks450 + bhcks458) le 100

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5dC BHCKS459

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5dC should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks459 ge 0 or bhcks459 eq null

FRY9C 20170331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5dD BHCKHJ84

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5dD should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhj84 ge 0 or bhckhj84 eq null

FRY9C 20170331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5dE BHCKHJ85

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5dE should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhj85 ge 0 or bhckhj85 eq null

June 2021 FR Y-9C: EDIT-70 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5dG BHCKS460

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5dG should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks460 ge 0 or bhcks460 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6916 HC-R(II)5dH BHCKS461

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, Sum of HC-R(II)4aH 

through 4dH and HC-R(II)5aH through 5dH should be less than or 

equal to the sum of HC-C1c2aB, HC-C1dB, and 50% of (HC-C1a1B, 

HC-C1a2B, HC-C1c1B).

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

(bhcks416 + bhckh176 + bhcks427 + bhcks435 + bhcks442 + 

bhckh181 + bhcks453 + bhcks461) le ((bhdm5367 + bhdm1460) 

+ (0.50 * (bhckf158 + bhckf159 + bhdm1797)))

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5dH BHCKS461

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5dH should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks461 ge 0 or bhcks461 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5dI BHCKS462

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5dI should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks462 ge 0 or bhcks462 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5dJ BHCKS463

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5dJ should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks463 ge 0 or bhcks463 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5dR BHCKH287

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5dR should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh287 ge 0 or bhckh287 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)5dS BHCKH288

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)5dS should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh288 ge 0 or bhckh288 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6927 HC-R(II)5dR BHCKH287

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)5dS is 

greater than zero then HC-R(II)5dR should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh288 gt 0 then bhckh287 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6928 HC-R(II)5dS BHCKH288

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)5dR is 

greater than zero then HC-R(II)5dS should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh287 gt 0 then bhckh288 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)7A BHCKD976

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)7A should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd976 ge 0 or bhckd976 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)7C BHCKD977

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)7C should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd977 ge 0 or bhckd977 eq null

FRY9C 20170331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)7D BHCKHJ86

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)7D should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhj86 ge 0 or bhckhj86 eq null

FRY9C 20170331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)7E BHCKHJ87

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)7E should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhj87 ge 0 or bhckhj87 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)7G BHCKD978

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)7G should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd978 ge 0 or bhckd978 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)7H BHCKD979

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)7H should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd979 ge 0 or bhckd979 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)7I BHCKD980

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)7I should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd980 ge 0 or bhckd980 eq null

June 2021 FR Y-9C: EDIT-71 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)7J BHCKS467

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)7J should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks467 ge 0 or bhcks467 eq null

FRY9C 20200630 99991231 No Change HC-R(II) Quality 9550 HC-R(II)7K BHCKH289 For advanced approaches HCs only, HC-R(II)7K should not be 

negative.

For advanced approaches HCs only, bhckh289 ge 0 or bhckh289 

eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)7L BHCKH186

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)7L should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh186 ge 0 or bhckh186 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)7M BHCKH290

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)7M should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh290 ge 0 or bhckh290 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)7N BHCKH187

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)7N should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh187 ge 0 or bhckh187 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)7R BHCKH291

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)7R should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh291 ge 0 or bhckh291 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)7S BHCKH292

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)7S should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh292 ge 0 or bhckh292 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6929 HC-R(II)7R BHCKH291

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)7S is 

greater than zero then HC-R(II)7R should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, f 

bhckh292 gt 0 then bhckh291 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6931 HC-R(II)7S BHCKH292

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if HC-R(II)7R is 

greater than zero then HC-R(II)7S should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh291 gt 0 then bhckh292 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)8C BHCKD982

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)8C should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd982 ge 0 or bhckd982 eq null

FRY9C 20170331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)8D BHCKHJ88

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)8D should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhj88 ge 0 or bhckhj88 eq null

FRY9C 20170331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)8E BHCKHJ89

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)8E should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhj89 ge 0 or bhckhj89 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)8G BHCKD983

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)8G should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd983 ge 0 or bhckd983 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)8H BHCKD984

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)8H should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd984 ge 0 or bhckd984 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)8I BHCKD985

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)8I should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd985 ge 0 or bhckd985 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)8J BHCKH185

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)8J should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh185 ge 0 or bhckh185 eq null

FRY9C 20200331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)8K BHCKH293 HC-R(II)8K should not be negative. bhckh293 ge 0 or bhckh293eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)8L BHCKH188

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)8L should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh188 ge 0 or bhckh188 eq null

June 2021 FR Y-9C: EDIT-72 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)8M BHCKS470

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)8M should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks470 ge 0 or bhcks470 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)8N BHCKS471

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)8N should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks471 ge 0 or bhcks471 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)8R BHCKH294

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)8R should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh294 ge 0 or bhckh294 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)8S BHCKH295

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)8S should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh295 ge 0 or bhckh295 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6932 HC-R(II)8R BHCKH294

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)8S is 

greater than zero then HC-R(II)8R should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh295 gt 0 then bhckh294 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6933 HC-R(II)8S BHCKH295

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)8R is 

greater than zero then HC-R(II)8S should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh294 gt 0 then bhckh295 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)8aR BHCKH296

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)8aR should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh296 ge 0 or bhckh296 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)8aS BHCKH297

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)8aS should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh297 ge 0 or bhckh297 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6934 HC-R(II)8aR BHCKH296

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)8aS is 

greater than zero then HC-R(II)8aR should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh297 gt 0 then bhckh296 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6935 HC-R(II)8aS BHCKH297

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)8aR is 

greater than zero then HC-R(II)8aS should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh296 gt 0 then bhckh297 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)8bR BHCKH298

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)8bR should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh298 ge 0 or bhckh298 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)8bS BHCKH299

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)8bS should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh299 ge 0 or bhckh299 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6936 HC-R(II)8bR BHCKH298

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)8bS is 

greater than zero then HC-R(II)8bR should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh299 gt 0 then bhckh298 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6937 HC-R(II)8bS BHCKH299

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)8bR is 

greater than zero then HC-R(II)8bS should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh298 gt 0 then bhckh299 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)9aA BHCKS475

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)9aA should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks475 ge 0 or bhcks475 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 7015 HC-R(II)9aB BHCKS476

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if the sum of HCR(II)9aT and HC-R(II)9aU is greater than 0, then HC-R(II)9aB should 

not equal zero and should not be null

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

(bhcks478 + bhcks479) gt 0, then bhcks476 ne 0 and bhcks476 

ne null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 7020 HC-R(II)9aB BHCKS476

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if HC-R(II)9aQ is 

equal to zero, then HC-R(II)9aB should equal HC-R(II)9aA

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

bhcks477 eq 0, then bhcks476 eq bhcks475

June 2021 FR Y-9C: EDIT-73 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)9aQ BHCKS477

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)9aQ should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks477 ge 0 or bhcks477 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)9aT BHCKS478

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)9aT should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks478 ge 0 or bhcks478 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)9aU BHCKS479

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)9aU should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks479 ge 0 or bhcks479 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 7025 HC-R(II)9aU BHCKS479

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if the sum of HC-5 

(previous) and HC-15 (previous) is greater than or equal to $1 

billion or greater than or equal to 10 percent of HC-12 (previous), 

then the sum of column U for items HC-R(II)9 and HC-R(II)10 

should equal 0 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

(bhck3545-q2 + bhck3548-q2) ge 1000000 or (bhck3545-q2 + 

bhck3548-q2) ge ( 0.1 * bhck2170-q2), then (bhcks479 + 

bhcks484 + bhcks489 + bhcks494 + bhcks499) eq 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)9bA BHCKS480

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)9bA should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks480 ge 0 or bhcks480 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 7027 HC-R(II)9bB BHCKS481

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if the sum of HCR(II)9bT and HC-R(II)9bU is greater than 0, then HC-R(II)9bB 

should not equal zero 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

(bhcks483 + bhcks484) gt 0, then bhcks481 ne 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 7029 HC-R(II)9bB BHCKS481

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if HC-R(II)9bQ is 

equal to zero, then HC-R(II)9bA should equal HC-R(II)9bB

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

bhcks482 eq 0, then bhcks480 eq bhcks481

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)9bQ BHCKS482

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)9bQ should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks482 ge 0 or bhcks482 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)9bT BHCKS483

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)9bT should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks483 ge 0 or bhcks483 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)9bU BHCKS484

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)9bU should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks484 ge 0 or bhcks484 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)9cA BHCKS485

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)9cA should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks485 ge 0 or bhcks485 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 7038 HC-R(II)9cB BHCKS486

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if the sum of HCR(II)9cT and HC-R(II)9cU is greater than 0, then HC-R(II)9cB should 

not equal 0

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

(bhcks488 + bhcks489) gt 0, then bhcks486 ne 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 7039 HC-R(II)9cB BHCKS486

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if HC-R(II)9cQ is 

equal to zero, then HC-R(II)9cA should equal HC-R(II)9cB

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

bhcks487 eq 0, then bhcks485 eq bhcks486

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)9cQ BHCKS487

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)9cQ should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks487 ge 0 or bhcks487 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)9cT BHCKS488

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)9cT should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks488 ge 0 or bhcks488 eq null

June 2021 FR Y-9C: EDIT-74 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)9cU BHCKS489

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)9cU should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks489 ge 0 or bhcks489 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)9dA BHCKS490

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)9dA should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks490 ge 0 or bhcks490 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 7042 HC-R(II)9dB BHCKS491

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if the sum of HCR(II)9dT and HC-R(II)9dU is greater than 0, then HC-R(II)9dB 

should not be zero 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

(bhcks493 + bhcks494) gt 0, then bhcks491 ne 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 7045 HC-R(II)9dB BHCKS491

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if HC-R(II)9dQ is 

equal to zero, then HC-R(II)9dA should be equal to HC-R(II)9dB

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

bhcks492 eq 0, then bhcks490 eq bhcks491

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)9dQ BHCKS492

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)9dQ should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks492 ge 0 or bhcks492 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)9dT BHCKS493

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)9dT should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks493 ge 0 or bhcks493 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)9dU BHCKS494

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)9dU should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks494 ge 0 or bhcks494 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)10A BHCKS495

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)10A should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks495 ge 0 or bhcks495 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 7047 HC-R(II)10B BHCKS496

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if the sum of HCR(II)10T and HC-R(II)10U is greater than 0, then HC-R(II)10B should 

not equal 0

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

(bhcks498 + bhcks499) gt 0, then bhcks496 ne 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 7049 HC-R(II)10B BHCKS496

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if HC-R(II)10Q is 

equal to zero, then HC-R(II)10A should equal HC-R(II)10B 

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if 

bhcks497 eq 0, then bhcks495 eq bhcks496

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)10Q BHCKS497

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)10Q should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks497 ge 0 or bhcks497 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)10T BHCKS498

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)10T should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks498 ge 0 or bhcks498 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)10U BHCKS499

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)10U should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks499 ge 0 or bhcks499 eq null

FRY9C 20180331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)11A BHCT2170

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)11A should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhct2170 ge 0 or bhct2170 eq null

FRY9C 20180331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)11C BHCKD987

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)11C should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd987 ge 0 or bhckd987 eq null

FRY9C 20180331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)11D BHCKHJ90

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)11D should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhj90 ge 0 or bhckhj90 eq null

June 2021 FR Y-9C: EDIT-75 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20180331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)11E BHCKHJ91

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)11E should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhj91 ge 0 or bhckhj91 eq null

FRY9C 20180331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)11G BHCKD988

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)11G should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd988 ge 0 or bhckd988 eq null

FRY9C 20180331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)11H BHCKD989

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)11H should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd989 ge 0 or bhckd989 eq null

FRY9C 20180331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)11I BHCKD990

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)11I should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd990 ge 0 or bhckd990 eq null

FRY9C 20180331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)11J BHCKS503

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)11J should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks503 ge 0 or bhcks503 eq null

FRY9C 20200331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)11K BHCKS504 HC-R(II)11K should not be negative. bhcks504 ge 0 or bhcks504 eq null

FRY9C 20180331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)11L BHCKS505

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)11L should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks505 ge 0 or bhcks505 eq null

FRY9C 20180331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)11M BHCKS506

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)11M should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks506 ge 0 or bhcks506 eq null

FRY9C 20180331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)11N BHCKS507

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)11N should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks507 ge 0 or bhcks507 eq null

FRY9C 20180331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)11Q BHCKS510

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)11Q should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks510 ge 0 or bhcks510 eq null

FRY9C 20180331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)11R BHCKH300

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)11R should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh300 ge 0 or bhckh300 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)12A BHCKD991

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)12A should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd991 ge 0 or bhckd991 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)12C BHCKD993

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)12C should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd993 ge 0 or bhckd993 eq null

FRY9C 20170331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)12D BHCKHJ92

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)12D should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhj92 ge 0 or bhckhj92 eq null

FRY9C 20170331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)12E BHCKHJ93

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)12E should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhj93 ge 0 or bhckhj93 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)12G BHCKD994

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)12G should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd994 ge 0 or bhckd994 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)12H BHCKD995

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)12H should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd995 ge 0 or bhckd995 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)12I BHCKD996

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)12I should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd996 ge 0 or bhckd996 eq null

June 2021 FR Y-9C: EDIT-76 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)12J BHCKS511

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)12J should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks511 ge 0 or bhcks511 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)13A BHCKD997

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)13A should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckd997 ge 0 or bhckd997 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 7050 HC-R(II)13A BHCKD997

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)13A should 

be less than or equal to HC-L3

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckD997 le bhck6570

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)13G BHCKG603

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)13G should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckg603 ge 0 or bhckg603 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)13H BHCKG604

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)13H should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckg604 ge 0 or bhckg604 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)13I BHCKG605

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)13I should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckg605 ge 0 or bhckg605 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)13J BHCKS512

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)13J should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks512 ge 0 or bhcks512 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)14A BHCKG606

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)14A should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckg606 ge 0 or bhckg606 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 7053 HC-R(II)14A BHCKG606

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)14A should 

be less or equal to HC-L4

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckg606 le bhck3411

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)14C BHCKG608

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)14C should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckg608 ge 0 or bhckg608 eq null

FRY9C 20170331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)14D BHCKHJ94

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)14D should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhj94 ge 0 or bhckhj94 eq null

FRY9C 20170331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)14E BHCKHJ95

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)14E should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhj95 ge 0 or bhckhj95 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)14H BHCKG610

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)14H should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckg610 ge 0 or bhckg610 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)14I BHCKG611

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)14I should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckg611 ge 0 or bhckg611 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)14J BHCKS513

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)14J should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks513 ge 0 or bhcks513 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)15A BHCKG612

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)15A should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckg612 ge 0 or bhckg612 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)15C BHCKG614

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)15C should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckg614 ge 0 or bhckg614 eq null

June 2021 FR Y-9C: EDIT-77 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)15G BHCKG615

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)15G should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckg615 ge 0 or bhckg615 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)15H BHCKG616

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)15H should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckg616 ge 0 or bhckg616 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)15I BHCKG617

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)15I should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckg617 ge 0 or bhckg617 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)15J BHCKS514

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)15J should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks514 ge 0 or bhcks514 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)16A BHCKS515

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)16A should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks515 ge 0 or bhcks515 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)16C BHCKS517

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)16C should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks517 ge 0 or bhcks517 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)16D BHCKS518

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)16D should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks518 ge 0 or bhcks518 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)16E BHCKS519

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)16E should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks519 ge 0 or bhcks519 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)16G BHCKS520

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)16G should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks520 ge 0 or bhcks520 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)16H BHCKS521

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)16H should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks521 ge 0 or bhcks521 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)16I BHCKS522

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)16I should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks522 ge 0 or bhcks522 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)16J BHCKS523

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)16J should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks523 ge 0 or bhcks523 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)16R BHCKH301

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)16R should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh301 ge 0 or bhckh301 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)16S BHCKH302

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)16S should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh302 ge 0 or bhckh302 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6938 HC-R(II)16R BHCKH301

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)16S is 

greater than zero then HC-R(II)16R should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh302 gt 0 then bhckh301 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6939 HC-R(II)16S BHCKH302

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)16R is 

greater than zero then HC-R(II)16S should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh301 gt 0 then bhckh302 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)17A BHCKG618

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)17A should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckg618 ge 0 or bhckg618 eq null

June 2021 FR Y-9C: EDIT-78 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)17C BHCKG620

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)17C should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckg620 ge 0 or bhckg620 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)17G BHCKG621

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)17G should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckg621 ge 0 or bhckg621 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)17H BHCKG622

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)17H should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckg622 ge 0 or bhckg622 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)17I BHCKG623

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)17I should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckg623 ge 0 or bhckg623 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)17J BHCKS524

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)17J should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks524 ge 0 or bhcks524 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)18aA BHCKS525

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)18aA should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks525 ge 0 or bhcks525 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)18aB BHCKS526

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)18aB should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks526 ge 0 or bhcks526 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)18aC BHCKS527

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)18aC should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks527 ge 0 or bhcks527 eq null

FRY9C 20170331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)18aD BHCKHJ96

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)18aD should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhj96 ge 0 or bhckhj96 eq null

FRY9C 20170331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)18aE BHCKHJ97

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)18aE should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhj97 ge 0 or bhckhj97 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)18aG BHCKS528

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)18aG should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks528 ge 0 or bhcks528 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)18aH BHCKS529

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)18aH should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks529 ge 0 or bhcks529 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)18aI BHCKS530

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)18aI should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks530 ge 0 or bhcks530 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)18aJ BHCKS531

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)18aJ should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks531 ge 0 or bhcks531 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)18aR BHCKH303

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)18aR should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh303 ge 0 or bhckh303 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)18aS BHCKH304

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)18aS should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh304 ge 0 or bhckh304 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6940 HC-R(II)18aR BHCKH303

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)18aS is 

greater than zero then HC-R(II)18aR should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh304 gt 0 then bhckh303 gt 0

June 2021 FR Y-9C: EDIT-79 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20180331 99991231 No Change HC-R(II) Quality 6941 HC-R(II)18aS BHCKH304

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)18aR is 

greater than zero then HC-R(II)18aS should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh303 gt 0 then bhckh304 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)18bA BHCKG624

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)18bA should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckg624 ge 0 or bhckg624 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)18bC BHCKG626

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)18bC should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckg626 ge 0 or bhckg626 eq null

FRY9C 20170331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)18bD BHCKHJ98

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)18bD should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhj98 ge 0 or bhckhj98 eq null

FRY9C 20170331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)18bE BHCKHJ99

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)18bE should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhj99 ge 0 or bhckhj99 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)18bG BHCKG627

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)18bG should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckg627 ge 0 or bhckg627 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)18bH BHCKG628

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)18bH 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckg628 ge 0 or bhckg628 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)18bI BHCKG629

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)18bI should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckg629 ge 0 or bhckg629 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)18bJ BHCKS539

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)18bJ should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks539 ge 0 or bhcks539 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)18bR BHCKH307

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)18bR should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh307 ge 0 or bhckh307 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)18bS BHCKH308

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)18bS should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh308 ge 0 or bhckh308 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6942 HC-R(II)18bR BHCKH307

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)18bS is 

greater than zero then HC-R(II)18bR should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh308 gt 0 then bhckh307 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6944 HC-R(II)18bS BHCKH308

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)18bR is 

greater than zero then HC-R(II)18bS should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh307 gt 0 then bhckh308 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)19A BHCKS540

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)19A should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks540 ge 0 or bhcks540 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)20C BHCKS543

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)20C should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks543 ge 0 or bhcks543 eq null

FRY9C 20170331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)20D BHCKHK00

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)20D should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhk00 ge 0 or bhckhk00 eq null

FRY9C 20170331 99991231 No Change HC-R(II) Quality 9550 HC-R(II)20E BHCKHK01

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)20E should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckhk01 ge 0 or bhckhk01 eq null

June 2021 FR Y-9C: EDIT-80 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)20F BHCKS544

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)20F should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks544 ge 0 or bhcks544 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)20G BHCKS545

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)20G should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks545 ge 0 or bhcks545 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)20H BHCKS546

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)20H should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks546 ge 0 or bhcks546 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)20I BHCKS547

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)20I should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks547 ge 0 or bhcks547 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)20J BHCKS548

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)20J should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks548 ge 0 or bhcks548 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)20R BHCKH309

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)20R should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh309 ge 0 or bhckh309 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)20S BHCKH310

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)20S should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh310 ge 0 or bhckh310 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6948 HC-R(II)20R BHCKH309

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)20S is 

greater than zero then HC-R(II)20R should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh310 gt 0 then bhckh309 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 6952 HC-R(II)20S BHCKH310

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, If HC-R(II)20R is 

greater than zero then HC-R(II)20S should be greater than zero

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, If 

bhckh309 gt 0 then bhckh310 gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)21C BHCKS550

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)21C should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks550 ge 0 or bhcks550 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)21D BHCKS551

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)21D should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks551 ge 0 or bhcks551 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)21E BHCKS552

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)21E should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks552 ge 0 or bhcks552 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)21G BHCKS554

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)21G should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks554 ge 0 or bhcks554 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)21H BHCKS555

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)21H should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks555 ge 0 or bhcks555 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)21I BHCKS556

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)21I should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks556 ge 0 or bhcks556 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)21J BHCKS557

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)21J should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks557 ge 0 or bhcks557 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)22A BHCKH191

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)22A should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh191 ge 0 or bhckh191 eq null

June 2021 FR Y-9C: EDIT-81 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)22C BHCKH193

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)22C should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh193 ge 0 or bhckh193 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)22G BHCKH194

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)22G should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh194 ge 0 or bhckh194 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)22H BHCKH195

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)22H should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh195 ge 0 or bhckh195 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)22I BHCKH196

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)22I should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh196 ge 0 or bhckh196 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)22J BHCKH197

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)22J should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh197 ge 0 or bhckh197 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)22O BHCKH198

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)22O should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh198 ge 0 or bhckh198 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)22P BHCKH199

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)22P should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh199 ge 0 or bhckh199 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)22Q BHCKH200

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)22Q should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckh200 ge 0 or bhckh200 eq null

FRY9C 20200630 99991231 No Change HC-R(II) Quality 7057 HC-R(II)26 BHCKS580

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule, if the sum of HC-R(II)27, HC-R(I)10b, HC-R(I)11B, HCR(I)13bB, HC-R(I)14bB, HC-R(I)15bB, HC-R(I)16B, HC-R(I)17B, HCR(I)24 and HC-R(I)43 equal 0, then HC-R(II)26 should equal HCFor all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, if (BHCKS581 + BHCAP850 + BHCWP851 + BHCWP853 

+ BHCWP854 + BHCWP855 + BHCWP856 + BHCWP857 + 

BHCAP864 + BHCAP872) eq 0 then BHCKS580 eq BHCKB704 

June 2021 FR Y-9C: EDIT-82 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20200630 99991231 No Change HC-R(II) Quality 7059 HC-R(II)26 BHCKS580

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final capital 

rule only, if previous year June HC-12 is greater than or equal to 

$5 billion and HC-R(I)10b is not equal to zero, then HC-R(II)26 

should be greater than or equal to the sum of [HC-R(II)2b through 

HC-R(II)20 only column S; HC-R(II)9a through 10, columns T and U; 

HC-R(II)25, columns C through Q; and HC-R(I)11B, HC-R(I)13bB, 

HC-R(I)14bB, HC-R(I)15bB, HC-R(I)16B, HC-R(I)24, and HC-R(I)33] 

and HC-R(II)26 should be less than or equal to the sum of [HCR(II)2b through HC-R(II)20 only column S; HC-R(II)9a through 10, 

columns T and U; HC-R(II)25, columns C through Q; HC-R(I)11B, HCR(I)13bB through HC-R(I)16B, HC-R(I)24, HC-R(I)33 and HCR(I)10b], else for June and December, if previous year June HC-12 

is less than $5 billion and HC-R(I)10b is not equal to zero, then HCR(II)26 should be greater than or equal to the sum of [HC-R(II)2b 

through HC-R(II)20 only column S; HC-R(II)9a through 10, columns 

T and U; HC-R(II)25, columns C through Q; and HC-R(I)11B, HCR(I)13bB through HC-R(I)16B, HC-R(I)24, and HC-R(I)33] and HCR(II)26 should be less than or equal to the sum of [HC-R(II)2b 

through HC-R(II)20 only column S; HC-R(II)9a through 10, columns 

T and U; HC-R(II)25, columns C through Q; HC-R(I)11B, HCR(I)13bB through HC-R(I)16B, HC-R(I)24, HC-R(I)33 and HCR(I)10b]

For all advanced approaches BHCs, SHCs, IHCs, Non-Bank IHCs, 

Non-BHC IHCs and covered SLHCs as defined by the final 

capital rule only, if ((mm-q1 eq 03 and bhck2170-q4 ge 

5000000) or (mm-q1 eq 06 and bhck2170-q5 ge 5000000) or 

(mm-q1 eq 09 and bhck2170-q6 ge 5000000) or (mm-q1 eq 12 

and bhck2170-q7 ge 5000000)) and bhcap850 ne 0, then 

bhckS580 ge (BHCKH272 + BHCKH274 + BHCKH276 + BHCKH278 

+ BHCKH280 + BHCKH282 + BHCKH284 + BHCKH286 + 

BHCKH288 + BHCKH292 + BHCKH295 + BHCKH297 + BHCKH299 

+ BHCKH302 + BHCKH304 + BHCKH308 + BHCKH310 + 

BHCKS478 + BHCKS479 + BHCKS483 + BHCKS484 + BHCKS488 + 

BHCKS489 + BHCKS493 + BHCKS494 + BHCKS498 + BHCKS499 + 

BHCKG634 + BHCKS569 + BHCKS570 + BHCKS571 + BHCKG635 + 

BHCKG636 + BHCKG637 + BHCKS572 + BHCKS574 + BHCKS575 + 

BHCKS576 + BHCKS577 + BHCKS578 + BHCKS579 +BHCWP851 + 

BHCWP853 + BHCWP854 + BHCWP855 + BHCWP856 + 

BHCAP864 + BHCAP872) and bhcks580 le (BHCKH272 + 

BHCKH274 + BHCKH276 + BHCKH278 + BHCKH280 + BHCKH282 

+ BHCKH284 + BHCKH286 + BHCKH288 + BHCKH292 + 

BHCKH295 + BHCKH297 + BHCKH299 + BHCKH302 + BHCKH304 

+ BHCKH308 + BHCKH310 + BHCKS478 + BHCKS479 + BHCKS483 

+ BHCKS484 + BHCKS488 + BHCKS489 + BHCKS493 + BHCKS494 

+ BHCKS498 + BHCKS499 + BHCKG634 + BHCKS569 + BHCKS570 

+ BHCKS571 + BHCKG635 + BHCKG636 + BHCKG637 + 

BHCKS572 + BHCKS573 + BHCKS574 + BHCKS575 + BHCKS576 + 

BHCKS577 + BHCKS578 + BHCKS579 +BHCWP851 + BHCWP853 

+ BHCWP854 + BHCWP855 + BHCWP856 + BHCAP864 + 

BHCAP872 + BHCAP850) else if ((mm-q1 eq 06 and bhck2170-

q5 LT 5000000) or (mm-q1 eq 12 and bhck2170-q7 LT 

5000000)) and bhcap850 ne 0, then bhckS580 ge (BHCKH272 + 

BHCKH274 + BHCKH276 + BHCKH278 + BHCKH280 + BHCKH282 

+ BHCKH284 + BHCKH286 + BHCKH288 + BHCKH292 + 

FRY9C 20200331 99991231 No Change HC-R(II) Quality 7058 HC-R(II)26 BHCKS580

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule that do not plan to adopt 

the CBLR framework only, if HC-R(I)31a is zero, then HC-R(II)26 

should be greater than zero.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule that do not 

plan to adopt the CBLR framework only, if bhcale74 eq 0 then 

bhcks580 gt 0.

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)27 BHCKS581

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)27 should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckS581 ge 0 or bhcks581 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)29 BHCKA222

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)29 should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcka222 ge 0 or bhcka222 eq null

FRY9C 20200331 99991231 No Change HC-R(II) Quality 7040 HC-R(II)30 BHCK3128

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule that do not plan to adopt 

the CBLR framework only, if HC-R(I)31a is zero then HI-B(II)M1 

should be less than or equal to HC-R(II)30.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule that do not 

plan to adopt the CBLR framework only, if bhcale74 eq 0 then 

bhckc435 le bhck3128

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)30 BHCK3128

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)30 should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhck3128 ge 0 or bhck3128 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 8200 HC-R(II)25D BHCKS569

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)25D should 

equal HC-R(II)23D multiplied by 2%. (+/-2)

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks569 le ((bhcks558 * .02) + 2) and bhcks569 ge ((bhcks558 

* .02) - 2)

June 2021 FR Y-9C: EDIT-83 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20160930 99991231 No Change HC-R(II) Quality 7046 HC-R(II)25E BHCKS570

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)25E should 

equal HC-R(II)23E multiplied by 4%. (+/-2)

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks570 le ((bhcks559 * .04) + 2) and bhcks570 ge ((bhcks559 

* .04) - 2)

FRY9C 20160930 99991231 No Change HC-R(II) Quality 8210 HC-R(II)25F BHCKS571

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)25F should 

equal HC-R(II)23F multiplied by 10%. (+/-2)

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks571 le ((bhcks560 * .10) + 2) and bhcks571 ge ((bhcks560 

* .10) - 2)

FRY9C 20160930 99991231 No Change HC-R(II) Quality 7048 HC-R(II)25G BHCKG635

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)25G should 

equal HC-R(II)23G multiplied by 20%. (+/-2)

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckg635 le ((bhckg631 * .2) + 2) and bhckg635 ge ((bhckg631 * 

.2) - 2)

FRY9C 20160930 99991231 No Change HC-R(II) Quality 8220 HC-R(II)25H BHCKG636

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)25H should 

equal HC-R(II)23H multiplied by 50%. (+/-2)

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckg636 le ((bhckg632 * .5) + 2) and bhckg636 ge ((bhckg632 * 

.5) - 2)

FRY9C 20160930 99991231 No Change HC-R(II) Quality 8230 HC-R(II)25J BHCKS572

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)25J should 

equal HC-R(II)23J multiplied by 150%. (+/-2)

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks572 le ((bhcks561 * 1.5) + 2) and bhcks572 ge ((bhcks561 

* 1.5) - 2)

FRY9C 20200630 99991231 No Change HC-R(II) Quality 8230 HC-R(II)25K BHCKS573 HC-R(II)25K should equal HC-R(II)23K multiplied by 250%. (+/-2) bhcks573 le ((bhcks562 * 2.5) + 2) and bhcks573 ge ((bhcks562 

* 2.5) - 2)

FRY9C 20160930 99991231 No Change HC-R(II) Quality 7051 HC-R(II)25L BHCKS574

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)25L should 

equal HC-R(II)23L multiplied by 300%. (+/-2)

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks574 le ((bhcks563 * 3) + 2) and bhcks574 ge ((bhcks563 * 

3) - 2)

FRY9C 20160930 99991231 No Change HC-R(II) Quality 7052 HC-R(II)25M BHCKS575

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)25M should 

equal HC-R(II)23M multiplied by 400%. (+/-2)

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks575 le ((bhcks564 * 4) + 2) and bhcks575 ge ((bhcks564 * 

4) - 2)

FRY9C 20160930 99991231 No Change HC-R(II) Quality 8240 HC-R(II)25N BHCKS576

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)25N should 

equal HC-R(II)23N multiplied by 600%. (+/-2)

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks576 le ((bhcks565 * 6) + 2) and bhcks576 ge ((bhcks565 * 

6) - 2)

FRY9C 20160930 99991231 No Change HC-R(II) Quality 7054 HC-R(II)25O BHCKS577

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)25O should 

equal HC-R(II)23O multiplied by 625%. (+/-2)

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks577 le ((bhcks566 * 6.25) + 2) and bhcks577 ge ((bhcks566 

* 6.25) - 2)

FRY9C 20160930 99991231 No Change HC-R(II) Quality 8250 HC-R(II)25P BHCKS578

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)25P should 

equal HC-R(II)23P multiplied by 937.5%. (+/-2)

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks578 le ((bhcks567 * 9.375) + 2) and bhcks578 ge 

((bhcks567 * 9.375) - 2)

FRY9C 20160930 99991231 No Change HC-R(II) Quality 7056 HC-R(II)25Q BHCKS579

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)25Q should 

equal HC-R(II)23Q multiplied by 1250%. (+/-2)

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks579 le ((bhcks568 * 12.5) + 2) and bhcks579 ge ((bhcks568 

* 12.5) - 2)

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)M1 BHCKG642

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M1 should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhckg642 ge 0 or bhckg642 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M2aA BHCKS582

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M2aA 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks582 ge 0 or bhcks582 eq null

June 2021 FR Y-9C: EDIT-84 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M2aB BHCKS583

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M2aB 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks583 ge 0 or bhcks583 eq null

FRY9C 20200331 99991231 No Change HC-R(II) Quality 7067

HCR(II)M3aC BHCKS605

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule that do not plan to adopt 

the CBLR framework only, If HC-R(I)31a is zero and the sum of HCL11aA, HC-L11bA, HC-L11c2A, HC-L11d2A and HC-L11eA is greater 

than zero then the sum of HC-R(II)M2aA through HC-R(II)M2aC 

and HC-R(II)M3aA through HC-R(II)M3aC should be greater than 

zero.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule that do not 

plan to adopt the CBLR framework only, if bhcale74 eq 0 and 

(bhck8693 + bhck8697 + bhck8705 + bhck8713 + bhck3450) gt 0 

then (bhcks582 + bhcks583 + bhcks584 + bhcks603 + bhcks604 

+ bhcks605) gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M2aC BHCKS584

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M2aC 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks584 ge 0 or bhcks584 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M2bA BHCKS585

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M2bA 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks585 ge 0 or bhcks585 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M2bB BHCKS586

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M2bB 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks586 ge 0 or bhcks586 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M2bC BHCKS587

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M2bC 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks587 ge 0 or bhcks587 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M2cA BHCKS588

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M2cA 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks588 ge 0 or bhcks588 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M2cB BHCKS589

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M2cB 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks589 ge 0 or bhcks589 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M2cC BHCKS590

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M2cC 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks590 ge 0 or bhcks590 eq null

FRY9C 20200331 99991231 No Change HC-R(II) Quality 7083

HCR(II)M2dA BHCKS591

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if previous year 

June HC-12 is greater than or equal to $5 billion then the sum of 

HC-R(II)M2dA and HC-R(II)M3dA should be less than or equal to 

HC-L7d2bA + HC-L7d1bA

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if (mmq1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06 and 

bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6 

ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000) 

then (bhcks591 + bhckS612) le (bhckg415 + bhckg409)

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M2dA BHCKS591

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M2dA 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks591 ge 0 or bhcks591 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M2dB BHCKS592

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M2dB 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks592 ge 0 or bhcks592 eq null

FRY9C 20200331 99991231 No Change HC-R(II) Quality 7084

HCR(II)M2dB BHCKS592

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if previous year 

June HC-12 is greater than or equal to $5 billion then the sum of 

HC-R(II)M2dB and HC-R(II)M3dB should be less than or equal to 

the sum of HC-L7d2bB and HC-L7d1bB

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if (mmq1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06 and 

bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6 

ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000) 

then (bhcks592 + bhcks613) le (bhckg416 + bhckg410)

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M2dC BHCKS593

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M2dC 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks593 ge 0 or bhcks593 eq null

June 2021 FR Y-9C: EDIT-85 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20200331 99991231 No Change HC-R(II) Quality 7085

HCR(II)M2dC BHCKS593

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if previous year 

June HC-12 is greater than or equal to $5 billion then the sum of 

HC-R(II)M2dC and HC-R(II)M3dC should be less than or equal to 

the sum of HC-L7d2bC and HC-L7d1bC

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if (mmq1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06 and 

bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6 

ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000) 

then (bhcks593 + bhckS614) le (bhckg417 + bhckg411)

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M2eA BHCKS594

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M2eA 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks594 ge 0 or bhcks594 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M2eB BHCKS595

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M2eB 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks595 ge 0 or bhcks595 eq null

FRY9C 20191231 99991231 No Change HC-R(II) Quality 7075

HCR(II)M3gC BHCKS623

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if previous year 

June HC-12 is greater than or equal to $5 billion then the sum of 

HC-R(II)M2bA through HC-R(II)M2bC, HC-R(II)M2fA through HCR(II)M2gC, HC-R(II)M3bA through HC-R(II)M3bC, and HCR(II)M3fA through HC-R(II)M3gC should be less than or equal to 

the sum of HC-L11aB, HC-L11bB, HC-L11c2B, HC-L11d2B, HCL11eB, HC-L11aD, HC-L11bD, HC-L11c2D, HC-L11d2D and HCL11eD.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if (mmq1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06 and 

bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6 

ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000) 

then (bhcks585 + bhcks586 + bhcks587 + bhcks597 + bhcks598 

+ bhcks599 + bhcks600 + bhcks601 + bhcks602 + bhcks606 + 

bhcks607 + bhcks608 + bhcks618 + bhcks619 + bhcks620 + 

bhcks621 + bhcks622 + bhcks623) le (bhck8694 + bhck8698 + 

bhck8706 +bhck8714 + bhck3826 + bhck8696 + bhck8700 + 

bhck8708 + bhck8716 + bhck8720)

FRY9C 20200331 99991231 No Change HC-R(II) Quality 7077

HCR(II)M3gC BHCKS623

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule that do not plan to adopt 

the CBLR framework only, If the sum of HC-L11aB, HC-L11bB, HCL11c2B, HC-L11d2B, HC-L11eB, HC-L11aD, HC-L11bD, HC-L11c2D, 

HC-L11d2D and HC-L11eD is greater than zero and HC-R(I)31a is 

zero, then the sum of HC-R(II)M2bA through HC-R(II)M2bC, HCR(II)M2fA through HC-R(II)M2gC, HC-R(II)M3bA through HCR(II)M3bC, and HC-R(II)M3fA through HC-R(II)M3gC should be 

greater than zero.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule that do not 

plan to adopt the CBLR framework only, if (bhck8694 + 

bhck8698 + bhck8706 + bhck8714 + bhck3826 + bhck8696 + 

bhck8700 + bhck8708 + bhck8716 + bhck8720) gt 0 and 

bhcale74 eq 0 then (bhcks585 + bhcks586 + bhcks587 + 

bhcks597 + bhcks598 + bhcks599 + bhcks600 + bhcks601 + 

bhcks602 + bhcks606 + bhcks607 + bhcks608 + bhcks618 + 

bhcks619 + bhcks620 + bhcks621 + bhcks622 + bhcks623) gt 0

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M2eC BHCKS596

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M2eC 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks596 ge 0 or bhcks596 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M2fA BHCKS597

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M2fA 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks597 ge 0 or bhcks597 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M2fB BHCKS598

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M2fB 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks598 ge 0 or bhcks598 eq null

FRY9C 20200331 99991231 No Change HC-R(II) Quality 7091

HCR(II)M3eC BHCKS617

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule that do not plan to adopt 

the CBLR framework only, If the sum of HC-L11aC, HC-L11bC, HCL11c2C, HC-L11d2C and HC-L11eC is greater than zero and HCR(I)31a is zero, then sum of HC-R(II)M2eA through HC-R(II)M2eC 

and R(II)M3eA through HC-R(II)M3eC should be greater than zero.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule that do not 

plan to adopt the CBLR framework only, if (bhck8695 + 

bhck8699 + bhck8707 + bhck8715 + bhck8719) gt 0 and 

bhcale74 eq 0 then (bhcks594 + bhcks595 + bhcks596 + 

bhcks615 + bhcks616 + bhcks617) gt 0

June 2021 FR Y-9C: EDIT-86 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20191231 99991231 No Change HC-R(II) Quality 7095

HCR(II)M3eC BHCKS617

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, if previous year 

June HC-12 is greater than or equal to $5 billion then the sum of 

HC-R(II)M2eA through HC-R(II)M2eC and R(II)M3eA through HCR(II)M3eC should be less than or equal to the sum of HC-L11aC, 

HC-L11bC, HC-L11c2C, HC-L11d2C and HC-L11eC.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, if (mmq1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 06 and 

bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and bhck2170-q6 

ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 ge 5000000) 

then (bhcks594 + bhcks595 + bhcks596 + bhcks615 + bhcks616 

+ bhcks617) le (bhck8695 + bhck8699 + bhck8707 + bhck8715 + 

bhck8719)

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M2fC BHCKS599

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M2fC 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks599 ge 0 or bhcks599 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M2gA BHCKS600

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M2gA 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks600 ge 0 or bhcks600 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M2gB BHCKS601

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M2gB 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks601 ge 0 or bhcks601 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M2gC BHCKS602

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M2gC 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks602 ge 0 or bhcks602 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M3aA BHCKS603

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M3aA 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks603 ge 0 or bhcks603 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M3aB BHCKS604

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M3aB 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks604 ge 0 or bhcks604 eq null

FRY9C 20210630 99991231 Revised HC-R(II) Quality 7097

HCR(II)M3dC BHCKS614

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule that do not plan to adopt 

the CBLR framework only, if previous year June HC-12 is greater 

than or equal to $5 billion and HC-R(I)31a is zero then the sum of 

HC-R(II)M2cA through HC-R(II)M2dC and HC-R(II)M3cA through 

HC-R(II)M3dC should be between 75% and 100% of the sum of HCL7c1b, HC-L7c1a, HC-L7c2a, HC-L7c2b, and HC-L7c2c.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule that do not 

plan to adopt the CBLR framework only, if ((mm-q1 eq 03 and 

bhck2170-q4 ge 5000000) or (mm-q1 eq 06 and bhck2170-q5 

ge 5000000) or (mm-q1 eq 09 and bhck2170-q6 ge 5000000) or 

(mm-q1 eq 12 and bhck2170-q7 ge 5000000)) and bhcale74 eq 

0 then (bhcks588 + bhcks589 + bhcks590 + bhcks591 + 

bhcks592 + bhcks593 + bhcks609 + bhcks610 + bhcks611 + 

bhcks612 + bhcks613 + bhcks614) ge ((bhckg402 + bhckg401 + 

bhckg403+ bhckg405) * .75) and (bhcks588 + bhcks589 + 

bhcks590 + bhcks591 + bhcks592 + bhcks593 + bhcks609 + 

bhcks610 + bhcks611 + bhcks612 + bhcks613 + bhcks614) le 

(bhckg402 + bhckg401+ bhckg403+ bhckg404+ bhckg405)

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M3aC BHCKS605

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M3aC 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks605 ge 0 or bhcks605 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M3bA BHCKS606

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M3bA 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks606 ge 0 or bhcks606 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M3bB BHCKS607

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M3bB 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks607 ge 0 or bhcks607 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M3bC BHCKS608

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M3bC 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks608 ge 0 or bhcks608 eq null

June 2021 FR Y-9C: EDIT-87 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M3cA BHCKS609

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M3cA 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks609 ge 0 or bhcks609 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M3cB BHCKS610

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M3cB 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks610 ge 0 or bhcks610 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M3cC BHCKS611

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M3cC 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks611 ge 0 or bhcks611 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M3dA BHCKS612

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M3dA 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks612 ge 0 or bhcks612 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M3dB BHCKS613

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M3dB 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks613 ge 0 or bhcks613 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M3dC BHCKS614

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M3dC 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks614 ge 0 or bhcks614 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M3eA BHCKS615

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M3eA 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks615 ge 0 or bhcks615 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M3eB BHCKS616

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M3eB 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks616 ge 0 or bhcks616 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M3eC BHCKS617

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M3eC 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks617 ge 0 or bhcks617 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M3fA BHCKS618

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M3fA 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks618 ge 0 or bhcks618 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M3fB BHCKS619

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M3fB 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks619 ge 0 or bhcks619 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M3fC BHCKS620

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M3fC 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks620 ge 0 or bhcks620 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M3gA BHCKS621

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M3gA 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks621 ge 0 or bhcks621 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M3gB BHCKS622

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M3gB 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks622 ge 0 or bhcks622 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550

HCR(II)M3gC BHCKS623

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M3gC 

should not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks623 ge 0 or bhcks623 eq null

FRY9C 20160930 99991231 No Change HC-R(II) Quality 9550 HC-R(II)M4 BHCKS624

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and covered 

SLHCs as defined by the final capital rule only, HC-R(II)M4 should 

not be negative.

For BHCs, SHCs, IHCs, Non-Bank IHCs, Non-BHC IHCs and 

covered SLHCs as defined by the final capital rule only, 

bhcks624 ge 0 or bhcks624 eq null

FRY9C 20191231 99991231 No Change HC-S Intraseries 7190 HC-S1A BHCKB705

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S1 (column A) (previous) is greater than zero, then HC-S1 

(column A) (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckb705-q2 gt 0 then bhckb705-q1 gt 0

June 2021 FR Y-9C: EDIT-88 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20191231 99991231 No Change HC-S Intraseries 7190 HC-S1B BHCKB706

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S1 (column B) (previous) is greater than zero, then HC-S1 

(column B) (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckb706-q2 gt 0 then bhckb706-q1 gt 0

FRY9C 20191231 99991231 No Change HC-S Intraseries 7190 HC-S1C BHCKB707

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S1 (column C) (previous) is greater than zero, then HC-S1 

(column C) (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckb707-q2 gt 0 then bhckb707-q1 gt 0

FRY9C 20191231 99991231 No Change HC-S Intraseries 7190 HC-S1D BHCKB708

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S1 (column D) (previous) is greater than zero, then HC-S1 

(column D) (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckb708-q2 gt 0 then bhckb708-q1 gt 0

FRY9C 20191231 99991231 No Change HC-S Intraseries 7190 HC-S1E BHCKB709

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S1 (column E) (previous) is greater than zero, then HC-S1 

(column E) (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckb709-q2 gt 0 then bhckb709-q1 gt 0

FRY9C 20191231 99991231 No Change HC-S Intraseries 7190 HC-S1F BHCKB710

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S1 (column F) (previous) is greater than zero, then HC-S1 

(column F) (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckb710-q2 gt 0 then bhckb710-q1 gt 0

FRY9C 20191231 99991231 No Change HC-S Intraseries 7190 HC-S1G BHCKB711

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S1 (column G) (previous) is greater than zero, then HC-S1 

(column G) (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckb711-q2 gt 0 then bhckb711-q1 gt 0

FRY9C 20191231 99991231 No Change HC-S Intraseries 7222 HC-S2A BHCKHU09

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S2A (previous) is greater than zero, then HC-S2A (current) 

should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckhu09-q2 gt 0 then bhckhu09-q1 gt 0

FRY9C 20191231 99991231 No Change HC-S Intraseries 7222 HC-S2B BHCKHU10

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S2B (previous) is greater than zero, then HC-S2B (current) 

should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckhu10-q2 gt 0 then bhckhu10-q1 gt 0

FRY9C 20191231 99991231 No Change HC-S Intraseries 7222 HC-S2C BHCKHU11

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S2C (previous) is greater than zero, then HC-S2C (current) 

should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckhu11-q2 gt 0 then bhckhu11-q1 gt 0

FRY9C 20191231 99991231 No Change HC-S Intraseries 7222 HC-S2D BHCKHU12

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S2D (previous) is greater than zero, then HC-S2D (current) 

should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckhu12-q2 gt 0 then bhckhu12-q1 gt 0

FRY9C 20191231 99991231 No Change HC-S Intraseries 7222 HC-S2E BHCKHU13

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S2E (previous) is greater than zero, then HC-S2E (current) 

should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckhu13-q2 gt 0 then bhckhu13-q1 gt 0

FRY9C 20191231 99991231 No Change HC-S Intraseries 7222 HC-S2F BHCKHU14

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S2F (previous) is greater than zero, then HC-S2F (current) 

should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckhu14-q2 gt 0 then bhckhu14-q1 gt 0

FRY9C 20191231 99991231 No Change HC-S Intraseries 7222 HC-S2G BHCKHU15

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S2G (previous) is greater than zero, then HC-S2G (current) 

should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckhu15-q2 gt 0 then bhckhu15-q1 gt 0

June 2021 FR Y-9C: EDIT-89 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20191231 99991231 No Change HC-S Intraseries 7234 HC-S3A BHCKB726

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S3 (column A) (previous) is greater than zero, then HC-S3 

(column A) (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckb726-q2 gt 0 then bhckb726-q1 gt 0

FRY9C 20150331 99991231 No Change HC-S Quality 7238 HC-S3A BHCKB726 HC-S3A should be less than or equal to HC-S1A. bhckb726 le bhckb705

FRY9C 20191231 99991231 No Change HC-S Intraseries 7234 HC-S3B BHCKB727

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S3 (column B) (previous) is greater than zero, then HC-S3 

(column B) (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckb727-q2 gt 0 then bhckb727-q1 gt 0

FRY9C 20150331 99991231 No Change HC-S Quality 7240 HC-S3B BHCKB727 HC-S3B should be less than or equal to HC-S1B. bhckb727 le bhckb706

FRY9C 20191231 99991231 No Change HC-S Intraseries 7234 HC-S3C BHCKB728

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S3 (column C) (previous) is greater than zero, then HC-S3 

(column C) (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckb728-q2 gt 0 then bhckb728-q1 gt 0

FRY9C 20150331 99991231 No Change HC-S Quality 7242 HC-S3C BHCKB728 HC-S3C should be less than or equal to HC-S1C. bhckb728 le bhckb707

FRY9C 20191231 99991231 No Change HC-S Intraseries 7234 HC-S3D BHCKB729

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S3 (column D) (previous) is greater than zero, then HC-S3 

(column D) (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckb729-q2 gt 0 then bhckb729-q1 gt 0

FRY9C 20150331 99991231 No Change HC-S Quality 7244 HC-S3D BHCKB729 HC-S3D should be less than or equal to HC-S1D. bhckb729 le bhckb708

FRY9C 20191231 99991231 No Change HC-S Intraseries 7234 HC-S3E BHCKB730

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S3 (column E) (previous) is greater than zero, then HC-S3 

(column E) (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckb730-q2 gt 0 then bhckb730-q1 gt 0

FRY9C 20150331 99991231 No Change HC-S Quality 7246 HC-S3E BHCKB730 HC-S3E should be less than or equal to HC-S1E. bhckb730 le bhckb709

FRY9C 20191231 99991231 No Change HC-S Intraseries 7234 HC-S3F BHCKB731

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S3 (column F) (previous) is greater than zero, then HC-S3 

(column F) (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckb731-q2 gt 0 then bhckb731-q1 gt 0

FRY9C 20150331 99991231 No Change HC-S Quality 7248 HC-S3F BHCKB731 HC-S3F should be less than or equal to HC-S1F. bhckb731 le bhckb710

FRY9C 20191231 99991231 No Change HC-S Intraseries 7234 HC-S3G BHCKB732

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S3 (column G) (previous) is greater than zero, then HC-S3 

(column G) (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckb732-q2 gt 0 then bhckb732-q1 gt 0

FRY9C 20150331 99991231 No Change HC-S Quality 7252 HC-S3G BHCKB732 HC-S3G should be less than or equal to HC-S1G. bhckb732 le bhckb711

FRY9C 20150331 99991231 No Change HC-S Intraseries 7270 HC-S5aA BHCKB747

For June, September, and December, if HC-S1 (column A) (current) 

is greater than or equal to HC-S1 (column A) (previous), then HCS5a (column A) (current) should be greater than or equal to HCS5a (column A) (previous -2).

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhckb705-q1 ge bhckb705-q2) then (bhckb747-q1 ge bhckb747-

q2 - 2)

FRY9C 20150331 99991231 No Change HC-S Intraseries 7270 HC-S5aB BHCKB748

For June, September, and December, if HC-S1 (column B) (current) 

is greater than or equal to HC-S1 (column B) (previous), then HCS5a (column B) (current) should be greater than or equal to HCS5a (column B) (previous -2).

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhckb706-q1 ge bhckb706-q2) then (bhckb748-q1 ge bhckb748-

q2 - 2)

FRY9C 20150331 99991231 No Change HC-S Intraseries 7270 HC-S5aC BHCKB749

For June, September, and December, if HC-S1 (column C) (current) 

is greater than or equal to HC-S1 (column C) (previous), then HCS5a (column C) (current) should be greater than or equal to HCS5a (column C) (previous -2).

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhckb707-q1 ge bhckb707-q2) then (bhckb749-q1 ge bhckb749-

q2 - 2)

FRY9C 20150331 99991231 No Change HC-S Intraseries 7270 HC-S5aD BHCKB750

For June, September, and December, if HC-S1 (column D) (current) 

is greater than or equal to HC-S1 (column D) (previous), then HCS5a (column D) (current) should be greater than or equal to HCS5a (column D) (previous -2).

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhckb708-q1 ge bhckb708-q2) then (bhckb750-q1 ge bhckb750-

q2 - 2)

June 2021 FR Y-9C: EDIT-90 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change HC-S Intraseries 7270 HC-S5aE BHCKB751

For June, September, and December, if HC-S1 (column E) (current) 

is greater than or equal to HC-S1 (column E) (previous), then HCS5a (column E) (current) should be greater than or equal to HCS5a (column E) (previous -2).

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhckb709-q1 ge bhckb709-q2) then (bhckb751-q1 ge bhckb751-

q2 - 2)

FRY9C 20150331 99991231 No Change HC-S Intraseries 7270 HC-S5aF BHCKB752

For June, September, and December, if HC-S1 (column F) (current) 

is greater than or equal to HC-S1 (column F) (previous), then HCS5a (column F) (current) should be greater than or equal to HCS5a (column F) (previous -2).

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhckb710-q1 ge bhckb710-q2) then (bhckb752-q1 ge bhckb752-

q2 - 2)

FRY9C 20150331 99991231 No Change HC-S Intraseries 7270 HC-S5aG BHCKB753

For June, September, and December, if HC-S1 (column G) 

(current) is greater than or equal to HC-S1 (column G) (previous), 

then HC-S5a (column G) (current) should be greater than or equal 

to HC-S5a (column G) (previous -2).

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhckb711-q1 ge bhckb711-q2) then (bhckb753-q1 ge bhckb753-

q2 - 2)

FRY9C 20150331 99991231 No Change HC-S Intraseries 7275 HC-S5bA BHCKB754

For June, September, and December, if HC-S1 (columns A through 

G) (current) is greater than or equal to HC-S1 (columns A through 

G) (previous), then HC-S5b (columns A through G) (current) should 

be greater than or equal to HC-S5b (columns A through G) 

(previous -2).

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhckb705-q1 ge bhckb705-q2) then (bhckb754-q1 ge bhckb754-

q2 - 2)

FRY9C 20150331 99991231 No Change HC-S Intraseries 7275 HC-S5bB BHCKB755

For June, September, and December, if HC-S1 (columns A through 

G) (current) is greater than or equal to HC-S1 (columns A through 

G) (previous), then HC-S5b (columns A through G) (current) should 

be greater than or equal to HC-S5b (columns A through G) 

(previous -2).

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhckb706-q1 ge bhckb706-q2) then (bhckb755-q1 ge bhckb755-

q2 - 2)

FRY9C 20150331 99991231 No Change HC-S Intraseries 7275 HC-S5bC BHCKB756

For June, September, and December, if HC-S1 (columns A through 

G) (current) is greater than or equal to HC-S1 (columns A through 

G) (previous), then HC-S5b (columns A through G) (current) should 

be greater than or equal to HC-S5b (columns A through G) 

(previous -2).

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhckb707-q1 ge bhckb707-q2) then (bhckb756-q1 ge bhckb756-

q2 - 2)

FRY9C 20150331 99991231 No Change HC-S Intraseries 7275 HC-S5bD BHCKB757

For June, September, and December, if HC-S1 (columns A through 

G) (current) is greater than or equal to HC-S1 (columns A through 

G) (previous), then HC-S5b (columns A through G) (current) should 

be greater than or equal to HC-S5b (columns A through G) 

(previous -2).

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhckb708-q1 ge bhckb708-q2) then (bhckb757-q1 ge bhckb757-

q2 - 2)

FRY9C 20150331 99991231 No Change HC-S Intraseries 7275 HC-S5bE BHCKB758

For June, September, and December, if HC-S1 (columns A through 

G) (current) is greater than or equal to HC-S1 (columns A through 

G) (previous), then HC-S5b (columns A through G) (current) should 

be greater than or equal to HC-S5b (columns A through G) 

(previous -2).

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhckb709-q1 ge bhckb709-q2) then (bhckb758-q1 ge bhckb758-

q2 - 2)

FRY9C 20150331 99991231 No Change HC-S Intraseries 7275 HC-S5bF BHCKB759

For June, September, and December, if HC-S1 (columns A through 

G) (current) is greater than or equal to HC-S1 (columns A through 

G) (previous), then HC-S5b (columns A through G) (current) should 

be greater than or equal to HC-S5b (columns A through G) 

(previous -2).

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhckb710-q1 ge bhckb710-q2) then (bhckb759-q1 ge bhckb759-

q2 - 2)

FRY9C 20150331 99991231 No Change HC-S Intraseries 7275 HC-S5bG BHCKB760

For June, September, and December, if HC-S1 (columns A through 

G) (current) is greater than or equal to HC-S1 (columns A through 

G) (previous), then HC-S5b (columns A through G) (current) should 

be greater than or equal to HC-S5b (columns A through G) 

(previous -2).

if (mm-q1 eq 06 or mm-q1 eq 09 or mm-q1 eq 12) and 

(bhckb711-q1 ge bhckb711-q2) then (bhckb760-q1 ge bhckb760-

q2 - 2)

FRY9C 20191231 99991231 No Change HC-S Intraseries 7351 HC-S9A BHCKB776

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S9 (column A) (previous) is greater than zero, then HC-S9 

(column A) (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckb776-q2 gt 0 then bhckb776-q1 gt 0

June 2021 FR Y-9C: EDIT-91 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20191231 99991231 No Change HC-S Intraseries 7351 HC-S9D BHCKB779

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S9 (column D) (previous) is greater than zero, then HC-S9 

(column D) (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckb779-q2 gt 0 then bhckb779-q1 gt 0

FRY9C 20191231 99991231 No Change HC-S Intraseries 7351 HC-S9E BHCKB780

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S9 (column E) (previous) is greater than zero, then HC-S9 

(column E) (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckb780-q2 gt 0 then bhckb780-q1 gt 0

FRY9C 20191231 99991231 No Change HC-S Intraseries 7351 HC-S9F BHCKB781

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S9 (column F) (previous) is greater than zero, then HC-S9 

(column F) (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckb781-q2 gt 0 then bhckb781-q1 gt 0

FRY9C 20191231 99991231 No Change HC-S Intraseries 7351 HC-S9G BHCKB782

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S9 (column G) (previous) is greater than zero, then HC-S9 

(column G) (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckb782-q2 gt 0 then bhckb782-q1 gt 0

FRY9C 20191231 99991231 No Change HC-S Intraseries 7355 HC-S10A BHCKB783

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S10 (column A) (previous) is greater than zero, then HCS10 (column A) (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckb783-q2 gt 0 then bhckb783-q1 gt 0

FRY9C 20191231 99991231 No Change HC-S Intraseries 7355 HC-S10D BHCKB786

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S10 (column D) (previous) is greater than zero, then HCS10 (column D) (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckb786-q2 gt 0 then bhckb786-q1 gt 0

FRY9C 20191231 99991231 No Change HC-S Intraseries 7355 HC-S10E BHCKB787

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S10 (column E) (previous) is greater than zero, then HCS10 (column E) (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckb787-q2 gt 0 then bhckb787-q1 gt 0

FRY9C 20191231 99991231 No Change HC-S Intraseries 7355 HC-S10F BHCKB788

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S10 (column F) (previous) is greater than zero, then HCS10 (column F) (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckb788-q2 gt 0 then bhckb788-q1 gt 0

FRY9C 20191231 99991231 No Change HC-S Intraseries 7355 HC-S10G BHCKB789

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S10 (column G) (previous) is greater than zero, then HCS10 (column G) (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckb789-q2 gt 0 then bhckb789-q1 gt 0

FRY9C 20191231 99991231 No Change HC-S Intraseries 7361 HC-S11A BHCKB790

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S11 (column A) (previous) is greater than zero, then HCS11 (column A) (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckb790-q2 gt 0 then bhckb790-q1 gt 0

FRY9C 20191231 99991231 No Change HC-S Intraseries 7361 HC-S11G BHCKB796

If previous year June HC-12 is greater than or equal to $5 billion, 

and HC-S11 (column G) (previous) is greater than zero, then HCS11 (column G) (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and bhckb796-q2 gt 0 then bhckb796-q1 gt 0

FRY9C 20150331 99991231 No Change HC-S Quality 7362 HC-S12A BHCKB797 HC-S12A should be less than or equal to HC-S11A. bhckb797 le bhckb790

FRY9C 20150331 99991231 No Change HC-S Quality 7373 HC-S12A BHCKB797 If HC-S11 (column A) is greater than $100 thousand, HC-S12 

(column A) should be greater than zero. if bhckb790 gt 100 then bhckb797 gt 0

FRY9C 20150331 99991231 No Change HC-S Quality 7372 HC-S12G BHCKB803 HC-S12G should be less than or equal to HC-S11G. bhckb803 le bhckb796

FRY9C 20150331 99991231 No Change HC-S Quality 7373 HC-S12G BHCKB803 If HC-S11 (column G) is greater than $100 thousand, HC-S12 

(column G) should be greater than zero. if bhckb796 gt 100 then bhckb803 gt 0

June 2021 FR Y-9C: EDIT-92 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20191231 99991231 No Change HC-S Intraseries 7400 HC-SM2c BHCKA591

If previous year June HC-12 is greater than or equal to $5 billion, 

and the sum of (HC-SM2a through HC-SM2c) (previous) is greater 

than $10 million, then the sum of (HC-SM2a through HC-SM2c) 

(current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and (bhckb804-q2 + bhckb805-q2 + bhcka591-q2) 

gt 10000 then (bhckb804-q1 + bhckb805-q1 + bhcka591-q1) gt 0

FRY9C 20191231 99991231 No Change HC-S Intraseries 7410 HC-SM3a2 BHCKB807

If previous year June HC-12 is greater than or equal to $5 billion, 

and the sum of HC-SM3a1 (previous) and HC-SM3a2 (previous) is 

greater than zero, then the sum of HC-SM3a1 (current) and HCSM3a2 (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and (bhckb806-q2 + bhckb807-q2 ) gt 0 then 

(bhckb806-q1 + bhckb807-q1 ) gt 0

FRY9C 20191231 99991231 No Change HC-S Intraseries 7420 HC-SM3b2 BHCKB809

If previous year June HC-12 is greater than or equal to $5 billion, 

and the sum of HC-SM3b1 (previous) and HC-SM3b2 (previous) is 

greater than zero, then the sum of HC-SM3b1 (current) and HCSM3b2 (current) should be greater than zero.

if ((mm-q1 eq 03 and bhck2170-q4 ge 5000000) or (mm-q1 eq 

06 and bhck2170-q5 ge 5000000) or (mm-q1 eq 09 and 

bhck2170-q6 ge 5000000) or (mm-q1 eq 12 and bhck2170-q7 

ge 5000000)) and (bhckb808-q2 + bhckb809-q2 ) gt 0 then 

(bhckb808-q1 + bhckb809-q1 ) gt 0

FRY9C 20190630 99991231 No Change HC-S Quality 7430 HC-SM4 BHCKC407

If the sum of HC-C6aA, HC-S1C, and HC-S6C is greater than $500 

million or [the sum of HC-C6aA and HC-S1C divided by the sum of 

HC-C12A and HC-S1C is greater than 50% and the sum of HC-C12A 

and HC-S1C divided by the sum of HC-12 and HC-S1C is greater 

than 50%] and HC-S1C is greater than $100 thousand, then HCSM4 should be greater than zero.

if (((bhckb538 + bhckb707 + bhckhu17) gt 500000) or 

((((bhckb538 + bhckb707)/(bhck2122 + bhckb707))*100 gt 50) 

and (((bhck2122 + bhckb707)/(bhck2170 + bhckb707))*100 gt 

50))) and bhckb707 gt 100 then bhckc407 gt 0

FRY9C 20180630 99991231 No Change HC-V Quality 0432 HC-V1aB BHCKJF84 Sum of HC-V1aA and HC-V1aB should be less than or equal to the 

sum of HC-1a through HC-1b2. (bhckj981 + bhckjf84) le (bhck0081 + bhck0395 + bhck0397)

FRY9C 20150331 99991231 No Change NBS-P Quality 9570 NBS-P1 BHBC3516 NBS-P1 should not be negative. bhbc3516 ge 0 or bhbc3516 eq null

FRY9C 20150331 99991231 No Change NBS-P Quality 9570 NBS-P2 BHBC3402 NBS-P2 should not be negative. bhbc3402 ge 0 or bhbc3402 eq null

FRY9C 20150331 99991231 No Change NBS-P Quality 9570 NBS-P3 BHBC3368 NBS-P3 should not be negative. bhbc3368 ge 0 or bhbc3368 eq null

FRY9C 20150331 99991231 No Change NBS-P Quality 9570 NBS-P4 BHBC3519 NBS-P4 should not be negative. bhbc3519 ge 0 or bhbc3519 eq null

FRY9C 20150331 99991231 No Change NIS-P Quality 9330 NIS-P7b BHBCC216 NIS-P7b should not be negative. bhbcc216 ge 0 or bhbcc216 eq null

FRY9C 20190630 99991231 No Change NIS-P Quality 5599 NIS-P8 BHBC4301 Sum of NIS-P3, NIS-P5 and NIS-P6 minus the sum of NIS-P4 and 

NIS-P7 should equal NIS-P8.

((bhbc4074 + bhbc4079 + bhbc4091) - (bhbcjj33 + bhbc4093)) 

eq bhbc4301

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 9580 NBS1 BHCKK141 NBS1 should not be null and should not be negative. bhckk141 ne null and bhckk141 ge 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 0448 NBS2 BHCK5357

If financial data is not equal to null or zero, then text data should 

not be null. if bhck5357 ne null and bhck5357 ne 0 then text5357 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 0449 NBS2TX TEXT5357

If text data is not equal to null, then financial data should not 

equal null or zero. if text5357 ne null then bhck5357 ne null and bhck5357 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 0450 NBS3 BHCK5358

If financial data is not equal to null or zero, then text data should 

not be null. if bhck5358 ne null and bhck5358 ne 0 then text5358 ne null

June 2021 FR Y-9C: EDIT-93 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 0451 NBS3TX TEXT5358

If text data is not equal to null, then financial data should not 

equal null or zero. if text5358 ne null then bhck5358 ne null and bhck5358 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 0452 NBS4 BHCK5359

If financial data is not equal to null or zero, then text data should 

not be null. if bhck5359 ne null and bhck5359 ne 0 then text5359 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 0453 NBS4TX TEXT5359

If text data is not equal to null, then financial data should not 

equal null or zero. if text5359 ne null then bhck5359 ne null and bhck5359 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7608 NBS5 BHCK5360

If financial data is not equal to null or zero, then text data should 

not be null. if bhck5360 ne null and bhck5360 ne 0 then text5360 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7609 NBS5TX TEXT5360

If text data is not equal to null, then financial data should not 

equal null or zero. if text5360 ne null then bhck5360 ne null and bhck5360 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7610 NBS6 BHCKB027

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb027 ne null and bhckb027 ne 0 then textb027 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7611 NBS6TX TEXTB027

If text data is not equal to null, then financial data should not 

equal null or zero. if textb027 ne null then bhckb027 ne null and bhckb027 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7612 NBS7 BHCKB028

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb028 ne null and bhckb028 ne 0 then textb028 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7613 NBS7TX TEXTB028

If text data is not equal to null, then financial data should not 

equal null or zero. if textb028 ne null then bhckb028 ne null and bhckb028 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7614 NBS8 BHCKB029

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb029 ne null and bhckb029 ne 0 then textb029 ne null

June 2021 FR Y-9C: EDIT-94 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7615 NBS8TX TEXTB029

If text data is not equal to null, then financial data should not 

equal null or zero. if textb029 ne null then bhckb029 ne null and bhckb029 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7616 NBS9 BHCKB030

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb030 ne null and bhckb030 ne 0 then textb030 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7617 NBS9TX TEXTB030

If text data is not equal to null, then financial data should not 

equal null or zero. if textb030 ne null then bhckb030 ne null and bhckb030 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7618 NBS10 BHCKB031

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb031 ne null and bhckb031 ne 0 then textb031 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7619 NBS10TX TEXTB031

If text data is not equal to null, then financial data should not 

equal null or zero. if textb031 ne null then bhckb031 ne null and bhckb031 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7620 NBS11 BHCKB032

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb032 ne null and bhckb032 ne 0 then textb032 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7621 NBS11TX TEXTB032

If text data is not equal to null, then financial data should not 

equal null or zero. if textb032 ne null then bhckb032 ne null and bhckb032 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7622 NBS12 BHCKB033

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb033 ne null and bhckb033 ne 0 then textb033 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7623 NBS12TX TEXTB033

If text data is not equal to null, then financial data should not 

equal null or zero. if textb033 ne null then bhckb033 ne null and bhckb033 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7624 NBS13 BHCKB034

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb034 ne null and bhckb034 ne 0 then textb034 ne null

June 2021 FR Y-9C: EDIT-95 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7625 NBS13TX TEXTB034

If text data is not equal to null, then financial data should not 

equal null or zero. if textb034 ne null then bhckb034 ne null and bhckb034 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7626 NBS14 BHCKB035

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb035 ne null and bhckb035 ne 0 then textb035 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7627 NBS14TX TEXTB035

If text data is not equal to null, then financial data should not 

equal null or zero. if textb035 ne null then bhckb035 ne null and bhckb035 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7628 NBS15 BHCKB036

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb036 ne null and bhckb036 ne 0 then textb036 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7629 NBS15TX TEXTB036

If text data is not equal to null, then financial data should not 

equal null or zero. if textb036 ne null then bhckb036 ne null and bhckb036 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7630 NBS16 BHCKB037

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb037 ne null and bhckb037 ne 0 then textb037 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7631 NBS16TX TEXTB037

If text data is not equal to null, then financial data should not 

equal null or zero. if textb037 ne null then bhckb037 ne null and bhckb037 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7632 NBS17 BHCKB038

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb038 ne null and bhckb038 ne 0 then textb038 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7633 NBS17TX TEXTB038

If text data is not equal to null, then financial data should not 

equal null or zero. if textb038 ne null then bhckb038 ne null and bhckb038 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7634 NBS18 BHCKB039

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb039 ne null and bhckb039 ne 0 then textb039 ne null

June 2021 FR Y-9C: EDIT-96 of 97
Quality (Q), Interseries (R), and Intraseries (I) Edits for the FR Y-9C

(Effective as of June 30, 2021)

Series Effective Start 

Date

Effective End 

Date

Edit Change Schedule Edit Type Edit 

Number

TargetItem MDRM 

Number

Edit Test Alg Edit Test

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7635 NBS18TX TEXTB039

If text data is not equal to null, then financial data should not 

equal null or zero. if textb039 ne null then bhckb039 ne null and bhckb039 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7636 NBS19 BHCKB040

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb040 ne null and bhckb040 ne 0 then textb040 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7637 NBS19TX TEXTB040

If text data is not equal to null, then financial data should not 

equal null or zero. if textb040 ne null then bhckb040 ne null and bhckb040 ne 0

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7638 NBS20 BHCKB041

If financial data is not equal to null or zero, then text data should 

not be null. if bhckb041 ne null and bhckb041 ne 0 then textb041 ne null

FRY9C 20150331 99991231 No Change

Notes to 

the 

Balance 

Sheet - 

Other

Quality 7639 NBS20TX TEXTB041

If text data is not equal to null, then financial data should not 

equal null or zero. if textb041 ne null then bhckb041 ne null and bhckb041 ne 0

June 2021 FR Y-9C: EDIT-97 of 97
Summary of Edit Changes - FR Y-9C Checklists

Effective as of June 30, 2021

1

FR Y-9C

(most recent changes listed first by type of change, edit type, edit number)

Affected Edit Information Comments

Date of 

Change

Type of 

Change 

Type Number Target Item MDRM

5/12/2021 Revised Validity 1751 HI-B(II)5A BHCK4230

4/20/2021 Revised Quality 4130 HC-R(I)50 BHCAH311

4/20/2021 Revised Quality 7097 HC-R(II)M3dC BHCKS614

4/20/2021 Added Quality 4141 HC-R(I)54 BHCALF21

3/31/2021 Revised Validity 5208 HC-R(I)33B BHCAKX78

3/31/2021 Revised Validity 5219 HC-R(I)34dB BHCAKX83

3/30/2021 Revised Interseries 4138 HC-R(I)53 BHCAH036

3/30/2021 Revised Quality 4125 HC-R(I)61A BHCAMK76

3/30/2021 Revised Quality 9556 HC-Q7A BHCKG502

3/30/2021 Revised Quality 9556 HC-Q14A BHCKG531

3/30/2021 Added Quality 4139 HC-R(I)62b BHCALF28

3/21/2021 Revised Validity 5325 HC-R(II)m4 BHCKS624

3/5/2021 Added Validity 5431 HC-R(I)56A BHCALF23

3/5/2021 Added Validity 5432 HC-R(I)56B BHCWLF23

3/5/2021 Added Validity 5433 HC-R(I)57A BHCAMK66

3/5/2021 Added Validity 5434 HC-R(I)57B BHCWMK66

3/5/2021 Added Validity 5435 HC-R(I)58A BHCALF24

3/5/2021 Added Validity 5436 HC-R(I)58B BHCWLF24

3/5/2021 Added Validity 5437 HC-R(I)59A BHCALF25

3/5/2021 Added Validity 5438 HC-R(I)59B BHCWLF25