Agency Information Collection Activities: Announcement of Board Approval under Delegated Authority and Submission to OMB

What is this Federal Register notice?

This is a notice published in the Federal Register by Federal Reserve System. Notices communicate information, guidance, or policy interpretations but may not create new binding obligations.

Is this rule final?

This document is classified as a notice. It may or may not create enforceable regulatory obligations depending on its specific content.

Who does this apply to?

On October 2, 2024, the Board published an initial notice in the Federal Register (89 FR 80244) requesting public comment for 60 days on the extension, with revision, of the FR Y-9 and a revision, without extension of the FR Y-14. The proposal would (1) add line items to the FR Y-9C to capture additional data on exposures to nondepository financial institutions (NDFIs) from HCs with assets of $10 billion or more, (2) provide additional clarity on reportable loans to NDFIs and other loans, (3) add an item to the FR Y-9C to capture the amount of structured financial products guaranteed by U.S. Government or sponsored agencies, (4) permit HCs to use electronic signatures to comply with the FR Y-9C signature and attestation requirement, and (5) instruct FR Y-9LP filers to report leases in accordance with Accounting Standards Update (ASU) 2016-02. These proposed revisions would be consistent with revisions to the Federal Financial Institutions Examination Council (FFIEC) Consolidated Reports of Condition and Income (Call Reports) that were effective December 31, 2024.\2\ In addition, the October 2024 proposal would revise, without extension, the FR Y-14Q to align one item with the proposed FR Y-9C NDFI line items. The comment period for this notice expired on December 2, 2024; one comment letter was received from a banking trade association and one letter was received from a public interest law firm. The letters generally were supportive of the proposed revisions, emphasised the need for consistency across regulatory reports, and made certain specific recommendations. After considering the comments received on the proposal, the Board is proceeding with the revisions but with certain modifications as discussed below.

When does it take effect?

This document takes effect on March 31, 2026.