Reporting FR Y-11 (annual)

General Instructions
physical, or electronic
scanned

For the December FR Y-11 report, the holding company
must indicate on page 1 whether the submission is for
quarterly or annual filers. for a period of three years
following submission.

Detailed Listing of Subsidiaries

Holding companies must maintain in their files a copy of
the manually signed page 1 of the Reserve Bank-supplied
forms received for the report date, attached to the page(s)
containing the detailed listing of subsidiaries, and a print
out of the data submitted.
Electronic submission of report form. Any holding company interested in submitting the FR Y-11/FR Y-11S
electronically should contact the Federal Reserve Bank in
the district where the holding company’s FR Y-9C or
FR Y-9SP are submitted.

R

AF

The holding company must complete a separate page(s)
containing the detailed listing of subsidiaries for each
page 1. For submission of multiple financial statements
under the officer’s signature, the holding company must
complete a separate page(s) containing the detailed listing of subsidiaries for each type of report. The holding
physical, on
or an
company musta provide
the page(s) containing the
electronic
scanned
copy
detailed listing of subsidiaries the
legal name, address
of
and subsidiary ID for all reports attested to under the
officer’s signature as indicated on page 1. When specifying the name(s) of the nonbank subsidiaries, use the legal
name of the subsidiaries as they appear on the papers of
incorporation or formation documents. The legal name
must be the same name that is specified on the Report of
Changes in Organizational Structure (FR Y-10). The
page(s) containing the detailed listing of subsidiaries
should be retained at the holding company for their
records and should not be submitted to the Reserve
Bank.

All reports shall be made out clearly and legibly by
typewriter or in ink. Reports completed in pencil will not
be accepted. Holding companies may submit computer
printouts in a format identical to that of the report form,
including all item and column captions and other identifying numbers.

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December Only Reporting

Submission of Reports

D

The reports are to be submitted for each report date on
the report forms provided by the Federal Reserve Bank.
No caption on the report form shall be changed in any
way. No item is to be left blank. An entry must be made
for each item, i.e., an amount, a zero, or an ‘‘N/A.’’
All items will not be applicable to each nonbank subsidiary required to file the report. An ‘‘N/A’’ should be
entered if the nonbank subsidiary cannot be involved in a
transaction because of the nature of the organization. A
zero should be entered whenever a nonbank subsidiary
can participate in an activity, but may not, on the report
date, have any outstanding balances.

Where to Submit the Reports
For paper filers of report form. The original report and
the number of copies specified by the Reserve Bank
should be submitted to the Reserve Bank where the
holding company’s FR Y-9C or FR Y-9SP are submitted.
FR Y-11 and FR Y-11S
General Instructions December 2013

December 2024

Holding companies choosing to submit these reports
electronically must maintain in their files the original
manually signed page 1 of the Reserve Bank-supplied
forms received for the report date, attached to the page(s)
containing the detailed listing of subsidiaries, and a
printout of the data submitted.

Submission Date

A holding company must file this report for its nonbank
for aafter
period
three years
subsidiaries no later than 60 calendar days
theofreport
following
submission.
date. The filing of a completed report will be considered
timely, regardless of when the reports are received by the
appropriate Federal Reserve Bank, if these reports are
mailed first class and postmarked no later than the third
calendar day preceding the submission deadline. In the
absence of a postmark, a company whose completed
FR Y-11/FR Y-11S is received late may be called upon
to provide proof of timely mailing.
A “Certificate of Mailing” (U.S. Postal Service form
3817) may be used to provide such proof. If an overnight
delivery service is used, entry of the completed original
reports into the delivery system on the day before the
submission deadline will constitute timely submission. In
addition, the hand delivery of the completed original
reports on or before the submission deadline to the
location to which the reports would otherwise be mailed
is an acceptable alternative to mailing such reports.
Companies that are unable to obtain the required officers’
signatures on their completed original reports in sufficient time to file these reports so that they are received by
GEN-5

on all financial assets and
off-balance-sheet credit
exposures within the
scope of the ASU

Schedule IS

Line Item 2 Interest expense.

Entities that have adopted ASU 2016-13, which governs
the accounting for credit losses, report the amount
expensed as the provisions for credit losses, during the
calendar year-to-date. The provisions for credit losses
represents the amount appropriate to absorb estimated
credit losses over the life of the financial assets reported
at amortized cost within the scope of the standard.
Exclude the initial allowances established on the purchase of credit-deteriorated (PCD) financial assets, which
are recorded at acquisition as an adjustment to the
amortized cost basis of the asset. The amount reported in
this item must equal Schedule IS-B, item 4, columns A
through C plus Schedule IS-B, Memorandum item 1.
Report negative amounts with a minus (-) sign.

AF

Report in the appropriate subitem the total amount of
interest expense of the subsidiary pertaining to nonrelated organizations in item 2(a) and pertaining to related
organizations in item 2(b). Include expenses on deposits,
on federal funds purchased and securities sold under
agreements to repurchase, on short- and long-term borrowings, on subordinated notes and debentures, on mandatory securities, on mortgage indebtedness and obligations under capitalized leases, and all other interest
expense.

rent loan and lease exposures. The amount reported must
equal Schedule IS-B, item 4 column A, ‘‘Provision for
credit losses.’’

T

Provisions for credit losses
(or reversals of provisions)
on off-balance-sheet credit
exposures
represent the amounts
necessary to adjust the
related
allowance
income from undistributed earnings
of for
related organizacredit
losses
at
the
tions (report in item 5(b)). Include dividends
declared or
paid by subsidiaries. quarter-end report date for
management’s current
expected credit
Line Item 1(c) Totalestimate
interestofincome.
losses on
Report the sum of items
1(a)exposures.
and 1(b).
these

Line Item 2(a) Interest expense pertaining to
nonrelated organizations.

Report all interest expense pertaining to nonrelated organizations.

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Line Item 2(b) Interest expense pertaining to
related organizations.

Report all interest expense pertaining to related organizations.

D

Line Item 2(c) Total interest expense.
Report the sum of items 2(a) and 2(b).
Line Item 3 Net interest income.

Report the difference between item 1(c), ‘‘Total interest
income,’’ and item 2(c), ‘‘Total interest expense.’’ If this
amount is negative, paper filers should enclose it in
parentheses or report with a minus (-) sign. Electronic
filers should report negative amounts with a minus (-)
sign.
Line Item 4 Provision for loan and lease losses.
Entities that have not adopted ASU 2016-13 should
report the amount needed to make the allowance for loan
and lease losses, as reported in Schedule BS, item 3(b),
adequate to absorb expected loan and lease losses, based
upon management’s evaluation of the subsidiary’s cur-

IS-2

Exclude provision for credit losses on off-balance-sheet
credit exposures and provision for allocated transfer risk,
both of which should be reported in item 7, ‘‘Noninterest
expense.’’ The amount reported here may differ from the
bad debt expense deduction taken for federal income tax
purposes.
If the amount reported in this item is negative, paper
filers should enclose it in parentheses or report with a
minus (-) sign. Electronic filers should report negative
amounts with a minus (-) sign.
Line Item 5 Noninterest income.
Report in the appropriate subitem all other income not
properly reported in item 1(c), ‘‘Total interest income’’
that is derived from activities in which the subsidiary is
engaged. Report noninterest income from nonrelated
organizations in item 5(a) and from related organizations
in item 5(b). Also, a subsidiary may include as other
noninterest income in item 5(a)(7) or 5(b) below net
gains (losses) from the sale of loans and certain other
assets as long as the subsidiary reports such transactions
on a consistent basis.
Line Item 5(a) From nonrelated organizations.
Report all income earned from nonrelated organizations
in the appropriate item.
Line Item 5(a)(1) Income from fiduciary activities.
Report gross income from services rendered by the trust
department of the subsidiary or the subsidiary acting in
Schedule IS

FR Y-11
March 2019

December 2024

and 3

Schedule IS-B

Line Item 5 Adjustments.

Enter the total of items 1, 2, 4, and 5, minus item 3. This
item must equal Schedule BS, item 3(b), “Allowance for
Loan and Lease Losses.”

Memoranda
Line Item M1 Provisions for credit losses on other
financial assets measured at amortized cost (not
included in item 4).
Report in this line item provisions related to allowances
for credit losses on financial assets measured at amortized cost, included in Schedule IS, 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.

AF

Include any increase or decrease resulting from foreign
currency translation of the allowance for possible loan
and lease losses into dollars.

Line Item 6 Balance at end of current period.

T

Entities that have adopted ASU 2016-13 should report in
the appropriate column the amount expensed as the
provision for credit losses during the calendar year-todate. The provisions for credit losses represents the
amount appropriate to absorb estimated credit losses over
the life of the financial assets reported at amortized cost
within the scope of the standard. The amount reported in
this item must equal Schedule IS, item 4. If the amount
reported in this item is negative, report it with a minus (-)
sign.

If this amount is negative, paper filers should enclose it in
parentheses or report with a minus (-) sign. Electronic
filers should report negative amounts with a minus (-)
sign.
Entities that have not adopted ASU 2016-13, report in
column A of in this item as a negative the balance of the
allowance for loan and lease losses most recently reported
for the end of the previous calendar year.

D

R

Entities that have adopted ASU 2016-13, report in the
appropriate columns for this item as a negative the
balance of the allowances for credit losses on financial
assets that are not determined by management to be PCD
most recently reported for the end of the previous
calendar year. For those assets determined by management to be PCD, the allowances for credit losses as of the
acquisition date should then be reported as a positive
number in the appropriate columns for this line item.

IS-B-2

Exclude provisions for credit losses on off-balance sheet
credit exposures, which are reported in Schedule IS
item 7, “noninterest expense.”
Line Item M2 Allowances for credit losses on
other assets measured at amortized cost (not
included in memorandum item 1 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 1,
above.
See Insert A

Schedule IS-B

FR Y-11
January 2020

December 2024

-

Insert A
Line Item M3 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 IS, item 4. Provisions
for credit losses (or reversals of provisions) on offbalance-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 M4 Estimated amount of expected
recoveries of amounts previously written off1
included within the allowance for credit losses on
loans and leases held for investment (included in
item 6, column A, “Balance at end of current
period”).
Report in this item the estimated amount of expected
recoveries of amounts previously written off
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.

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.

D

R

AF

T

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.

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 BS

Exclude all borrowings with related institutions. Report
such borrowings in item 16.
Line Item 14 Other liabilities.

If the subsidiary is in corporate form, report the amount
of perpetual preferred stock issued, including any amounts
received in excess of its par or stated value, and the
aggregate par or stated value of common stock issued.
If the subsidiary is not in corporate form, report the
amount of general or limited partnership shares or interests issued in item 18(e).
Line Item 18(b) Surplus (exclude all surplus
related to preferred stock).
If the subsidiary is in corporate form, 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. Exclude any portion of the
proceeds received from the sale of limited-life preferred
stock in excess of its par or stated value (report in item
13) or any portion of the proceeds received from the sale
of perpetual preferred stock in excess of its par or stated
value (report in item 18(a)).

AF

Report the total amount of all other liabilities that cannot
be properly reported in items 11 through 13. Include
liabilities such as deposits held by the subsidiary, liability
on acceptances outstanding, expenses accrued and unpaid,
deferred income taxes (if credit balance), dividends
declared but not yet payable, accounts payable (other
than expenses accrued and unpaid), liability on deferred
payment letters of credit, deferred gains from saleleaseback transactions, unamortized loan fees (other than
those that represent an adjustment of the interest yield, ifmaterial), and reserves for credit risk on off-balance sheet
items.

Line Item 18(a) Stock.

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holder. It excludes those issues of preferred stock
that automatically convert into perpetual preferred
stock at a stated date.

Also, report all derivatives with negative fair value held
for purposes other than trading in this item. Exclude all
liabilities with related institutions. Report such liabilities
in item 16.

R

Line Item 15 Liabilities to nonrelated
organizations.
Enter the sum of items 11 through 14.

D

Line Item 16 Balances due to related institutions,
gross.

Report all balances due to the top-tier holding company
or banking organization, all balances due to subsidiary
banks (or their branches) or subsidiary holding companies of the top-tier holding company, and all balances due
to other subsidiaries of these organizations (including
subsidiaries of the parent organization), on a gross basis.
Exclude all balances due from related institutions and
include in item 9.
Line Item 17 Total liabilities.
Report the sum of items 15 and 16.

If the subsidiary is not in corporate form, report the
amount of general or limited partnership shares or interests issued in item 18(e).
Line Item 18(c) 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 the Income Statement for that
year-to-date 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:

Line Item 18 Equity capital.

(1) Reserve for undeclared stock dividends, which
includes amounts set aside to provide for stock
dividends (not cash dividends) not yet declared;

Equity capital represents the sum of capital stock, surplus, undivided profits, and various reserve accounts.

(2) Reserve for undeclared cash dividends, which
includes amounts set aside for cash dividends on

FR Y-11
Schedule BS

December 2013

December 2024

BS-7

Schedule BS-A

Line Item 5 All other loans and lease financing
receivables.

Exclude acceptances accepted by related banks (i.e.,
banks that are direct or indirect subsidiaries of the
subsidiary’s holding company or parent organization).
Also exclude loans to foreign governments and foreign
official institutions.

Report all other loans held by the subsidiary that are not
properly included in items 1 through 4 above and all
lease financing receivables. Report all outstanding receivable balances relating to direct financing and leveraged
leases on property acquired by the subsidiary for leasing
purposes. These balances should include the estimated
residual value of leased property and must be net of
unearned income. Include all lease financing receivables
of states and political subdivisions in the U.S. Also
include all loans to foreign governments and official
institutions.

Line Item 3 Commercial and industrial loans.

Exclude:

Line Item 6 Total loans and lease financing
receivables.
modifications to borrowers experiencing

AF

Report all loans (regardless of domicile) 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. These loans may take the
form of direct or purchased loans. Include commercial
and industrial loans guaranteed by foreign governmental
institutions.

T

banks that are not direct or indirect subsidiaries of the
subsidiary’s holding company or parent organization).

(1) Loans secured by real estate (report in item 1);

(2) Loans for the purpose of financing agricultural production, whether made to farmers or to nonagricultural businesses (report in item 5);

R

(3) Loans to finance companies and insurance companies
(report in item 5);

(4) Loans to broker and dealers in securities, investment
companies, and mutual funds (report in item 5);

D

(5) Loans to depository institutions (report in item 2);

Reportfinancial
the sum of
items 1 through 5.
difficulty
Line Item 7 Past due and nonaccrual loans and
leases.
Report the subsidiary loans and lease financing receivables included in item 6 above that are past due 30
through 89 days and still accruing in item 7(a), past due
90 days or more and still accruing in item 7(b), in
nonaccrual status in item 7(c), and loans restructured in
troubled debt restructurings included in past due and
nonaccrual loans in item 7(d). Report the full outstanding
balances of the past due loans and lease financing
receivables, not simply the delinquent payments.

(6) Loans to nonprofit organizations (report in item 5);
and

Line Item 7(a) Loans and leases past due 30
through 89 days.

(7) Loans to nondepository financial institutions (report
in item 5).

Report loans and lease financing receivables that are
contractually past due 30 through 89 days as to principal
or interest payments, and still accruing. Include loans
restructured in troubled debt restructurings past due 30
through 89 days and still accruing.

Line Item 4 Loans to individuals for personal,
household, and other personal expenditures.
Report credit card and related plans and other loans to
individuals for household, family, and other personal
expenditures. Include all loans to individuals for household, family, and other personal expenditures that are not
secured by real estate, whether direct loans or purchased
paper. Exclude loans secured by real estate (report in item
1) and loans to individuals for the purpose of purchasing
or carrying securities (report in item 5).
BS-A-2

Line Item 7(b) Loans and leases past due 90 days
or more.
Report loans and lease financing receivables that are
contractually past due 90 days or more as to principal or
interest payments, and still accruing. Include loans
restructured in troubled debt restructurings past due 90
days or more and still accruing.
Schedule BS-A

FR Y-11
March 2013

December 2024

Schedule BS-A

Line Item 7(c) Nonaccrual loans and leases.

Memoranda

Report loans and lease financing receivables accounted
for on a nonaccrual status. Include loans restructured in
troubled debt restructurings that are in nonaccrual status.
For purposes of this report, report loans and leases as
being in nonaccrual status if: (a) they are maintained on a
cash basis because of deterioration in the financial position of the borrower, (b) payment in full of interest or
principal is not expected, or (c) principal or interest has
been in default for a period of 90 days or more unless the
obligation is both well-secured and in the process of
collection.

Line Item 1. Closed-end loans with negative
amortization features secured by 1–4 family
residential properties.

T

R

AF

NOTE: Loans to individuals for household, family, and
other personal expenditures and loans secured by 1–4
family residential properties on which principal or interest is due and unpaid for 90 days or more are not required
to be reported as nonaccrual loans. Nevertheless, such
loans should be subject to other alternative methods of
evaluation to assure that the subsidiary’s net income is
not materially overstated. To the extent that the subsidiary has elected to carry any loans in nonaccrual status on
its books, such loans must be reported as nonaccrual in
this item.

Report in the appropriate subitem the carrying amount of
closed-end 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 carrying 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
modifications
less than the to
fullborrowers
amount of experiencing
interest owed to the lender,
with
the
unpaid
interest
added
to the loan’s principal
financial difficulty
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 1(a) Total carrying amount of
closed-end loans with negative amortization features
For the
purposes
of this report,
secured by 1–4 family
residential
properties
subsidiaries
should
(included in Schedule
BS-A, item
1). disclose modifications
to borrowers experiencing financial
This item is to be difficulty
completed
by allmodifications
nonbank subsidiReport loans restructured in troubled debt restructurings
if such
include
aries.
that, under their modified terms, are past due 30 days or
principal forgiveness, an interest rate
more and still accruing or are in nonaccrual status as of
reduction,
an other-than-insignificant
Report the total carrying
amount
(before any loan loss
the report date. Such loans will have been included in
delay,
or a termin,
extension
allowances) of, i.e.,payment
the recorded
investment
closed- (or a
combination
items 7(a), 7(b), or 7(c) above. Loans restructured in
end loans secured by
1-4 familythereof).
residential properties
troubled debt restructurings include those loans that have
whose terms allow for negative amortization. The carryModified
this been
schedule
been restructured or renegotiated to provide a reduction
ing amounts included
in thisloans
item reported
will also inhave
the definition of loan
of either interest or principal because of a deterioration in
reported in Scheduleshould
BS-A,meet
item 1.
modifications to borrowers experiencing
the financial position of the borrower. A loan extended or
Memoranda items 1(b)
and 1(c)
are toas
bedescribed
completedinbyASU
financial
difficulty,
renewed at a stated interest rate equal to the current
nonbank
subsidiaries
that
had
closed-end
with
2022-02, which includes loans
only those
interest rate for new debt with similar risk is not considnegative
amortization
features
secured
by
1–4
family
modifications which occurred in the
ered restructured debt. For further information, see the
residential properties
(included
Schedule
item
previous
12 in
months.
TheBS-A,
amounts
FR Y-9C Glossary entry for ‘‘troubled debt restructur1)
as
of
the
previous
December
31
report
date,
with
a that
reported should include modifications
ings.’’
carrying amount (before
any
loan
loss
allowances)
that
were accounted for as new loans in
exceeds 5 percent addition
of total toloans
and leases,
Include all loans to individuals for household, family, and
modifications
that net
wereof
unearned income (as
reported
in
Schedule
BS-A,
item
other personal expenditures, and all loans secured by 1–4
accounted for as a continuation of6)existing
as
of
the
previous
December
31 report date.
family
residential
properties.
loans.
"Loan Modifications to Borrowers Experiencing Financial Difficulty."

D

Line Item 7(d) Loans restructured in troubled
debt restructurings included in items 7(a) through
7(c) above.

FR Y-11
Schedule BS-A

March 2011

December 2024

BS-A-3