Reporting forms

FR Y-11/FR Y-11S

Financial Statements of U.S. Nonbank Subsidiaries of U.S. Bank Holding Companies

Description: These reports collect selected financial information for individual U.S. nonbank subsidiaries of domestic bank holding companies (BHCs). The FR Y-11 consists of a balance sheet and income statement; information on changes in equity capital, changes in the allowance for loan and lease losses, off-balance-sheet items, and loans; and a memoranda section. The FR Y-11S collects four financial data items for less significant subsidiaries.

OMB: 7100-0244

Purpose: Supervision and regulation staff use the FR Y-11 data in conjunction with data from other reports in the FR Y series to assess the condition of BHCs that are heavily engaged in nonbanking activities and to monitor the volume, nature, and condition of their nonbanking operations.

Background: The Federal Reserve implemented the FR Y-11 reports in 1970 and since then has revised the reports several times to improve their usefulness as a supervisory tool. In December 2002, the reports were streamlined to collect consistent information from domestic and foreign banking organizations about their nonbank subsidiaries. Also, the thresholds for filing the reports were revised to reduce burden. The thresholds for reporting were revised again in March 2006 to make them consistent with the filing threshold for reporting the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C; OMB No. 7100-0128) and to further reduce reporting burden.

Respondent Panel: Top-tier BHCs file the FR Y-11 report quarterly for each individual nonbank subsidiary that is owned or controlled by a BHC that files the FR Y-9C and if the nonbank subsidiary has (a) total assets of $1 billion or more, or (b) total off-balance sheet activity of $5 billion or more, or (c) equity capital of at least 5 percent of the consolidated equity capital of the top-tier BHC, or (d) operating revenue of at least 5 percent of consolidated operating revenue of the top-tier BHC. Top-tier BHCs file the FR Y-11 annually for each individual nonbank subsidiary (that does not meet the criteria for filing quarterly) with total assets of $250 million or more but less than $1 billion. Top-tier BHCs file the FR Y-11S report annually for each individual nonbank subsidiary (that does not meet the criteria for filing quarterly) with assets of at least $50 million but less than $250 million, or with total assets greater than 1 percent of the total consolidated assets of the top-tier organization. Participation is mandatory.

Frequency: Quarterly or annually, as of close of business the last calendar day of the quarter, based on the thresholds described above.

Public Release: With certain exceptions, microdata are considered public information and are available through the Board's Freedom of Information Office.

 
Last update: June 24, 2009