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

INSTRUCTIONS FOR PREPARATION OF

Financial Statements
of U.S. Nonbank Subsidiaries
of U.S. Bank Holding Companies
FR Y-11 and FR Y-11S
For purposes of this report, saving and loan holding companies are subject to the same
reporting requirements as bank holding companies, unless otherwise noted in these
instructions. All references to "bank holding company(s)" are inclusive of "savings and loan
holding company(s)" unless otherwise noted.1

GENERAL INSTRUCTIONS
Who Must Report
The Financial Statements of U.S. Nonbank Subsidiaries
green highlight
- renumber
of U.S. Bank
HoldingallCompanies (FR Y-11/FR Y-11S)
existingmust
footnotes
be filed either quarterly or annually by the top-tier
bank holding company (BHC) for each individual nonbank subsidiary1 that it owns or controls.
The FR Y-11/FR Y-11S must be submitted for each legal
entity subject to reporting requirements. Therefore, consolidation of individual entities is not permitted.
For purposes of this report, nonbank subsidiaries include,
but are not limited to, commercial finance companies,
leasing companies, mortgage banking companies, consumer finance companies, venture capital corporations,
small business investment companies, and data processing and information services companies (also see exemptions).
Also for purposes of this report, a subsidiary includes any
organization in which shares have been acquired, directly
or indirectly, by a financial holding company under
Section 4(k)(4)
of the aBHC
Act, as isamended by the
For SLHCs,
subsidiary
Gramm−Leach−Bliley
Act,
domiciled
defined in section 238.2 of in the United
subsidiaries
are functionally reguStates,2 (except
Federal
Reservethat
Regulation
lated as discussed
in
the
exemptions
section below.)
LL, which generally includes
Refer to thecompanies
FR Y-9C Glossary
entry
for
more than 25 ‘‘Domicile’’ for
guidance inpercent
determining
domicile.
owned
or controlled
by another company.
1. A subsidiary, for purposes of this report, is defined by Section 225.2
of Federal Reserve Regulation Y, which generally includes companies
25 percent or more owned or controlled by another company.

Quarterly Filers-Detailed Report
(FR Y-11)
A top-tier BHC must file the FR Y-11 quarterly for each
nonbank subsidiary that it owns and controls if the toptier BHC files the FR Y-9C3 and the subsidiary meets
any one of the following criteria:
(1) The total assets of the nonbank subsidiary are equal
to or greater than $1 billion;
(2) The nonbank subsidiary’s off-balance-sheet activities4 are equal to or greater than $5 billion;
(3) The nonbank subsidiary’s equity capital is equal to or
greater than 5 percent of the top tier BHC’s
consolidated equity capital; or
(4) The nonbank subsidiary’s consolidated operating revenue is equal to or greater than 5 percent of the
top-tier BHC’s consolidated operating revenue.
Operating revenue is defined as the sum of total interest
income and total noninterest income (before deduction of
expenses and extraordinary items).
For nonbank subsidiaries held by a BHC in the United
States that is, in turn, owned by a foreign banking
organization (FBO), the operating revenue and equity
capital of the U.S. BHC are used as the top-tier organization’s values.
If a nonbank subsidiary meets the criteria above to file
quarterly as of June 30 of the preceding year, the BHC
3. Top-tier BHC has total consolidated assets of $500 million or more
as of June 30 of the preceding year or files the FR Y-9C to meet
supervisory needs.

2. Any such organization domiciled outside the United States should
4. Off-balance-sheet activities (defined as the sum of Schedule BS,
file either the Financial Statements of Foreign Subsidiaries of U.S. Banking
items 20 through 30) include commitments to purchase foreign currencies
Insert new footnote 1: Savings
and loan holding companies do not include any
Organizations (FR 2314) or the Abbreviated Financial Statements of
and U.S. dollar exchange, all other futures and forward contracts, option
trust
(other
than
a
pension,
profit-sharing,
voting,
or business
Foreign Subsidiaries of U.S. Banking Organizations (FR 2314S) pursuant
contracts, and the notionalstockholders'
value of interest rate
swaps, exchange
swaps, trust)
which
controls
a
savings
association
if
such
trust
by
its
terms
must
terminate
to the reporting threshold requirements for those reports.
and other swaps.
FR Y-11 and FR Y-11S
General Instructions December 2009

March 2013

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
GEN-1 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 of Regulation LL, dated September 13,
2011, for more information.

General Instructions

must file the FR Y-11 quarterly for the subsidiary
beginning in March of the current year. In addition, if the
subsidiary meets the quarterly criteria due to a business
combination, then the BHC must report the FR Y-11
quarterly beginning with the first quarterly report date
following the effective date of the business combination.
Once a nonbank subsidiary begins filing the FR Y-11
quarterly, it should file a complete FR Y-11 quarterly
report going forward. If the BHC files the FR Y-9C but
the subsidiary does not meet any one of the other
quarterly nonbank subsidiary filing criteria for four consecutive quarters, then the BHC may revert to annual
filing.
Nonbank subsidiaries that do not meet the quarterly filing
thresholds may be requested to file quarterly if the
Federal Reserve Bank has determined that these subsidiaries have significant risk exposures.

Annual Filers-Detailed Report (FR Y-11)
A nonbank subsidiary that does not meet any of the
criteria to file quarterly, but has total assets greater than
or equal to $250 million (but less than $1 billion) as of
the report date must file the entire FR Y-11 report on an
annual basis.

Annual Filers-Abbreviated Report
(FR Y-11S)
A nonbank subsidiary that does not meet the criteria to
file the detailed report, but does meet the following
criteria as of the report date, must file the Abbreviated
Financial Statements of U.S. Nonbank Subsidiaries of
U.S. Bank Holding Companies (FR Y-11S) on an annual
basis:
(1) The nonbank subsidiary has total assets equal to or
greater than $50 million (but less than $250 million),
or
(2) The subsidiary’s total assets are greater than one
percent of the consolidated top-tier organization’s
total assets.

Other Reporting Criteria
• Each BHC must submit a separate FR Y-11/FR Y-11S
for each of its nonbank subsidiaries satisfying the
above criteria whether directly or indirectly owned.
Each BHC must submit a report on a parent only
GEN-2

(non-consolidated) basis for each parent nonbank subsidiary meeting the criteria and submit individual
reports for each lower level nonbank subsidiary required
to file the report.
• Consolidation of individual entities, including variable
interest entities (VIEs), is not permitted. Each BHC
should separately assess whether a VIE meets the
definition of subsidiary and determine if any such
entity meets the criteria for filing this report.
• The FR Y-11/FR Y-11S report for a nonbank subsidiary owned by more than one BHC should be submitted
in its entirety by the BHC with the majority ownership.
If a nonbank subsidiary is equally owned by two or
more BHCs, the FR Y-11/FR Y-11S report should be
submitted in its entirety by the largest BHC based on
total consolidated assets.

Exemptions from Reporting Nonbank
Subsidiary Financial Statements
The following subsidiaries are exempt from submitting
the financial statements of nonbank subsidiaries of BHCs:
• Any nonbank subsidiary with less than $50 million
in total assets unless total assets of the nonbank
subsidiary are greater than one percent of the consolidated top-tier organization’s assets;
• Any nonbank subsidiary in which the primary regulator, or ‘‘functional regulator,’’ is an organization other
than the Federal Reserve System, such as the Securities
and Exchange Commission (SEC), Commodity Futures
Trading Commission (CFTC), State Insurance Commissioners, or State Securities departments;
• Any subsidiary that is required to file a Report of
Condition for Edge or Agreement Corporations
(FR 2886b);
• Any subsidiary, joint venture, or portfolio investment
that is required to file the Financial Statements of
Foreign Subsidiaries of U.S. Banking Organizations
(FR 2314 /FR 2314S);
• Any subsidiary that is required to file the Financial
Statements for a Bank Holding Company Subsidiary
Engaged in Bank-Ineligible Securities Underwriting
and Dealing (FR Y-20);
• Any subsidiary that is considered a merchant banking
investment, the shares of which are held pursuant to
section 4(k)4(H) of the BHC Act;
FR Y-11 and FR Y-11S
General Instructions March 2011

General Instructions

• Any U.S. federally insured company which is a subsidiary of a BHC;
• Any subsidiary of a bank or U.S. federally insured
company that is a subsidiary of a BHC;
• Any subsidiary of a ‘‘qualified FBO’’ as defined by
Section 211.23(a) of Regulation K (12 CFR 211.23(a))
except for subsidiaries of a U.S. BHC which is the
direct subsidiary of a qualified FBO;
• Any subsidiary of a Small Business Investment Company (SBIC controlled investment);
• Any nondepository trust company that is a member of
the Federal Reserve System and required to file the
Consolidated Reports of Condition and Income; and
• Any company the shares of which are held: (1) as a
result of debts previously contracted (acquired under
section 4(c)(2) of BHC Act); (2) in a fiduciary capacity
under section 4c(4) of BHC Act; or (3) solely as
collateral securing an extension of credit.
• Any subsidiary that is inactive as of the end of the
reporting period.
• Any nonbank subsidiary such as namesaver or newly
organized subsidiary that has never conducted any
business activity. However, a subsidiary that is newly
incorporated is required to report upon the commencement of a business activity once it meets the reporting
criteria.
• Any subsidiary that was divested or liquidated during
the year. Reports must only be filed for subsidiaries
that are part of the BHC’s organizational structure as of
the close of the business day on the report date for
which the report is being filed.
• Any subsidiary that is a special purpose vehicle (SPV)
formed as a vehicle for specific leasing transactions
(for example, when an SPV is engaged in a single
leasing transaction).
• Any subsidiary that issues trust preferred securities.
Please note that nonbank subsidiaries 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.
A graphic representation of the general criteria for the
FR Y-11/FR Y-11S appears at the end of these General
Instructions (page GEN-7).
FR Y-11 and FR Y-11S
General Instructions March 2011

Frequency of Reporting
A BHC must submit the FR Y-11 report for each
nonbank subsidiary that meets the criteria to file quarterly
as of the last calendar day of March, June, September,
and December. A BHC must submit the FR Y-11 report
for each nonbank subsidiary that meets the criteria to file
annually as of December 31. A BHC must submit
FR Y-11S for each nonbank subsidiary that meets the
criteria to file the abbreviated report annually as of
December 31.

Preparation of the Reports
Bank holding companies are required to prepare the
Financial Statements of U.S. Nonbank Subsidiaries of
U.S. Bank Holding Companies in accordance with generally accepted accounting principles (GAAP) and with
these instructions. All reports shall be reported in a
consistent manner.
BHCs should refer to the instructions for the preparation
of the Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) or the Parent Company
Only Financial Statements for Small Bank Holding
Companies (FR Y-9SP) for additional information on the
items requested on this report. Copies of the FR Y-11,
FR Y-11S, FR Y-9C, and FR Y-9SP may be found
on the Federal Reserve Board’s public website
(www.federalreserve.gov/boarddocs/reportforms.)
The nonbank subsidiaries’ financial records shall be
maintained in such a manner and scope so as to ensure
that the reports can be prepared and filed in accordance
with these instructions and reflect a fair presentation of
the subsidiaries’ financial condition and results of operations. Questions and requests for interpretations of matters appearing in any part of these instructions should be
addressed to the Federal Reserve Bank in the district
where the reports are submitted.
Report all financial items in thousands of U.S. dollars.
Assets or liabilities payable in other currencies should be
converted into dollars at the exchange rates prevailing
on the report date, except where required otherwise by
Generally Accepted Accounting Principles (GAAP).
The preferred method for reporting purchases and sales
of assets is as of the trade date. However, settlement date
accounting is acceptable if the reported amounts are not
materially different.
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General Instructions

Applicability of Generally Accepted
Accounting Principles
It should be noted that the presentation by subsidiaries
of assets, liabilities, and stockholders’ equity and the
recognition of income and expenses should be reported in
accordance with generally accepted accounting principles (GAAP). Subsidiaries are required to report certain
other accounts or types of transactions on schedules to
the balance sheet and income statement. In addition,
these instructions designate where a particular asset or
liability should be reported.
All ownership interests in the subsidiary have an interest
in the aggregate amounts of a subsidiary’s reported
earnings, retained earnings, and net assets (whether held
by its parent organization or by other owners) and should
be reported as equity capital in the financial statements.
There may be areas in which a reporting subsidiary
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
the FR Y-9C instructions or, in more detail, in the FASB
Accounting Standards Codification. For purposes of these
instructions, the FASB Accounting Standards Codification is referred to as ‘‘ASC.’’ Selected sections of the
ASC are referenced in the instructions where appropriate.
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 institution’s interpretation, the Federal Reserve may require the reporter to
reflect the event(s) or transaction(s) in its FR Y-11/Y-11S
reports in accordance with the Federal Reserve’s interpretation and to amend previously submitted reports.

Cover Page
The BHC must submit a cover page for each financial
statement. If the BHC elects to file multiple financial
statements under one signature, the BHC must submit
one signed cover page per type of report, the FR Y-11
quarterly, the FR Y-11 annual or the FR Y-11S. The
cover page of the report must include the legal name of
the BHC filing the FR Y-11/FR Y-11S and the mailing
address. The name, telephone number, and e-mail address
of a contact at the BHC to whom questions about the
report(s) may be directed must be indicated.
GEN-4

Signatures
The FR Y-11/FR Y-11S must be signed as indicated on
the cover page by a duly authorized officer of the BHC.
When the top tier BHC is domiciled outside the United
States, the BHC may authorize an officer of the nonbank
subsidiary to sign the report. 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 any reports included under this signature
constitutes fraud in the inducement and may subject the
officer to legal sanctions provided by 18 USC 1001 and
1007.

Number of Reports Attested to Under This
Signature
For all reports submitted under the officer’s signature, the
BHC must indicate on the cover page the total number of
reports for which the officer attested.

December Only Reporting
For the December FR Y-11 report, the BHC must
indicate on the cover page whether the submission is for
quarterly or annual filers.

Detailed Listing of Subsidiaries
The BHC must complete a separate page(s) containing
the detailed listing of subsidiaries for each cover page.
For submission of multiple financial statements under the
officer’s signature, the BHC must complete a separate
page(s) containing the detailed listing of subsidiaries for
each type of report. The BHC must provide on the
page(s) containing the detailed listing of subsidiaries the
legal name, address and subsidiary ID for all reports
attested to under the officer’s signature as indicated on
the cover page. 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 BHC for their records and should not be submitted
to the Reserve Bank.
FR Y-11 and FR Y-11S
General Instructions September 2011

General Instructions

Submission of Reports

Submission Date

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.’’

A BHC must file this report for its nonbank subsidiaries
no later than 60 calendar days after the report 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.

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
BHC’s Consolidated Financial Statements (FR Y-9C) or
Parent Company Only Financial Statements (FR Y-9SP)
are submitted.
All reports shall be made out clearly and legibly by
typewriter or in ink. Reports completed in pencil will not
be accepted. BHCs may submit computer printouts in a
format identical to that of the report form, including all
item and column captions and other identifying numbers.
BHCs must maintain in their files a copy of the manually
signed cover page 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 BHC interested in submitting the FR Y-11/FR Y-11S electronically
should contact the Federal Reserve Bank in the district
where the BHC’s Consolidated Financial Statements (FR
Y-9C) or Parent Company Only Financial Statements
(FR Y-9SP) are submitted.
BHCs choosing to submit these reports electronically
must maintain in their files the original manually signed
cover page 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.
FR Y-11 and FR Y-11S
General Instructions March 2011

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
the submission deadline may contact the Federal Reserve
Bank to which they mail their original reports to arrange
for the timely submission of their report data and the
subsequent filing of their signed reports.
If the submission deadline falls on a weekend or holiday,
the report must be received by 5:00 P.M. on the first
business day after the Saturday, Sunday, or holiday.
Any report received after 5:00 P.M. on the first business
day after the Saturday, Sunday, or holiday deadline will
be considered late unless it has been postmarked three
calendar days prior to the original Saturday, Sunday, or
holiday submission deadline (original deadline), or the
institution has a record of sending the report by overnight
service one day prior to the original deadline.
NOTE: A BHC must submit all of its required nonbank
subsidiary reports on or before the submission deadline
to be considered timely.

Monitoring of Regulatory Reports
Federal Reserve Banks will monitor the filing of all
regulatory reports to ensure that they are filed in a timely
manner and are accurate and not misleading. Many
reporting errors can be screened through the use of
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General Instructions

computer validity edit checks which are detailed in the
Checklist accompanying the reporting instructions.
Reporting deadlines are detailed in the Submission Date
section of these general instructions. Additional information on the monitoring procedures are available from the
Federal Reserve Banks.

U.S. Bank Holding Companies if reports as previously
submitted contain significant errors. In addition, a BHC
should file an amended report when internal or external
auditors make audit adjustments that result in a restatement of financial statements affecting reports previously
submitted to the Federal Reserve.

Confidentiality

In the event that certain of the required data are not
available, respondents should contact the appropriate
Reserve Bank for information on submitting revised
reports.

These reports are available to the public upon request on
an individual basis. However, a reporting BHC may
request confidential treatment for one or more of the
nonbank subsidiaries for which it submits the financial
statements for U.S. nonbank subsidiaries of U.S. BHC if
it is of the opinion that disclosure of certain commercial
or financial information in the report would likely result
in substantial harm to its (or its subsidiaries’) competitive
position or that disclosure of the submitted personal
information would result in unwarranted invasion of
personal privacy.
A request for confidential treatment must be submitted in
writing concurrently with the submission of the report.
The request must discuss in writing the justification for
which confidentiality is requested, demonstrating 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 SHOULD BE
REPORTED SEPARATELY BOUND WITH A SEPARATE FR Y-11/FR Y-11S COVER SHEET LABELED
‘‘CONFIDENTIAL.’’ THIS INFORMATION SHOULD
BE SPECIFICALLY IDENTIFIED AS BEING
CONFIDENTIAL.
Information for which confidential information 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.
The Federal Reserve will determine whether information
submitted with a request for confidential treatment will
be so treated, and will advise the BHC through the
appropriate Reserve Bank of any decision to make
available to the public any of the information.

Amended Reports
The Federal Reserve may require the filing of amended
Financial Statements of U.S. Nonbank Subsidiaries of
GEN-6

For amended reports, the BHC must submit a newly
signed cover page and separate financial statements for
each subsidiary that is amending its data. The page(s)
containing the detailed listing of subsidiaries must be
completed, attached to the cover page and a printout of
the data submitted and placed in the BHC’s files. The
page(s) containing the detailed listing of subsidiaries
should not be submitted to the Reserve Bank.

Definitions
Respondents should refer to the Glossary of the Instructions for the Consolidated Financial Statements for Bank
Holding Companies (FR Y-9C) for information concerning general definitions.
For purposes of this report, related organizations include
(1) any organization that directly or indirectly controls
the reporting nonbank subsidiary, (2) any organization
that is controlled directly or indirectly by the reporting
nonbank subsidiary, or (3) any organization that is controlled directly or indirectly by any BHC that controls the
reporting subsidiary (i.e., if more than one BHC directly
or indirectly controls the reporting nonbank subsidiary,
then all organizations directly or indrectly controlled by
each BHC is considered related regardless of whom
submits this report). In addition, for purposes of this
report related organizations include all associated companies.
Nonrelated organizations include all organizations that
do not meet the definition of ‘‘related organizations.’’
Nonrelated organizations include all organizations outside of the BHC structure and refer to third party entities.
All references in the line item instructions to the ‘‘reporting BHC’’ refer to the subsidiary’s top-tier BHC.
FR Y-11 and FR Y-11S
General Instructions March 2011

General Instructions

Miscellaneous General Instructions
Rounding
All financial items must be reported in thousands of
dollars, with the figures rounded to the nearest thousand.
Items less than $500 should be reported as zero.

Negative Entries
Negative entries are generally not appropriate on the
FR Y-11/FR Y-11S reports and should not be reported
unless the line item instructions allow it. Hence, assets
with credit balances should be reported in liability items
and liabilities with debit balances should be reported in

FR Y-11 and FR Y-11S
General Instructions March 2011

asset items, as appropriate, and in accordance with these
instructions.
For items where negative entries are allowed, paper filers
should enclose negative amounts in parentheses or report
with a minus (-) sign. Electronic filers should report
negative amounts with a minus (-) sign.

Additional Information
The Federal Reserve System reserves the right to require
additional information from nonbank subsidiaries if the
FR Y-11/FR Y-11S report is not sufficient to appraise the
financial soundness of the nonbank subsidiary or to
determine its compliance with applicable laws and regulations.

GEN-7

General Instructions

General Criteria Chart for the FR Y-11/FR Y-11S
See General Instructions for more detail.
Quarterly Filers
Detailed Report
(FR Y-11)

Annual Filers
Detailed Report
(FR Y-11)

Annual Filers
Abbreviated Report
(FR Y-11S)

Exemptions
No report required

Parent BHC files the
FR Y-9C and any one of
the following:
(1) Nonbank’s total assets
are greater than or
equal to $1 billion
(2) Nonbank’s off-balancesheet activities are
greater than or equal to
$5 billion
(3) Nonbank’s equity capital is greater than or
equal to 5% of top-tier
consolidated equity
capital or
(4) Nonbank’s operating
revenue is greater than
or equal to 5% of toptier consolidated operating revenue

Nonbank does not meet any
of the quarterly filing criteria and its total assets are
greater than or equal to
$250 million but less than
$1 billion

Nonbank does not meet any
of the FR Y-11 filing criteria and
(1) Nonbank’s total assets
are greater than or
equal to $50 million
but less than $250 million or
(2) Nonbank’s total assets
are greater than 1% of
top-tier total consolidated assets

Nonbank does not meet any
of the FR Y-11S criteria
and
(1) Nonbank’s total assets
are less than $50 million or
(2) Specific exemption (see
exemption list in
General Instructions)

GEN-8

FR Y-11 and FR Y-11S
General Instructions March 2007

LINE ITEM INSTRUCTIONS FOR

Income Statement
Schedule IS

General Instructions
Report all income and expense of the subsidiary for the
calendar year-to-date. Include adjustments of accruals
and other accounting estimates made shortly after the end
of a reporting period that relate to the income and
expense of the reporting period. A subsidiary that began
operating during the reporting period should report all
income earned and expense incurred since it commenced
operations and all pre-opening income earned and expenses incurred from inception until that date.
Line Item 1

Interest income.

Report in the appropriate subitem all interest, fees and
similar income received by the subsidiary from nonrelated organizations (associated with assets reported in
Lines 1 through 7 on Schedule BS) in item 1(a) and on
balances due from related organizations in item 1(b).
Include income resulting from interest earned on loans
and leases (including related fees); income on balances
due from depository institutions; interest and dividends
on securities; interest from assets held in trading accounts; interest on federal funds sold and securities
purchased under agreements to resell; and any other
interest income received by the subsidiary. When yield
related fees are collected in connection with a loan
syndication or participation and passed through to another lender, report only the subsidiary’s proportional
share of such fees.
Deduct interest rebated to customers on loans paid before
maturity from gross interest earned on loans; do not
report as an expense. Exclude from this item:
(1) fees that are not yield related such as fees for
servicing real estate mortgage or other loans which are
not assets of the subsidiary (report in item 5(a)(6));
(2) net gains or losses from the sale of assets (report in
item 5 or 7, as appropriate);
FR Y-11
Income Statement

March 2008

(3) charges to merchants for handling credit card or
charge sales when the subsidiary does not carry the
related loan accounts on their books (report in item 5
below); and
(4) reimbursements for out-of-pocket expenditures made
by the subsidiary for the account of its customers. If
the subsidiary’s expense accounts were charged with
the amount of such expenditures, the reimbursements
should be credited to the same expense accounts.
Line Item 1(a) Interest and fee income from
nonrelated organizations.
Report all interest, fees, and similar income from nonrelated organizations.
Line Item 1(b) Interest and fee income from
related organizations.
Report all interest, fees, and similar income from related
organizations. Exclude any noninterest income and
income from undistributed earnings of related organizations (report in item 5(b)). Include dividends declared or
paid by subsidiaries.
Line Item 1(c)

Total interest income.

Report the sum of items 1(a) and 1(b).
Line Item 2

Interest expense.

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.
IS-1

Schedule IS

Line Item 2(a) Interest expense pertaining to
nonrelated organizations.
Report all interest expense pertaining to nonrelated 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 2(b) Interest expense pertaining to
related organizations.

Line Item 5(a)

Report all interest expense pertaining to related organizations.

Report all income earned from nonrelated organizations
in the appropriate item.

Line Item 2(c)

Line Item 5(a)(1)

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.

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 current loan and lease exposures. The amount reported must
equal Schedule IS-B, item 4, ‘‘Provision for loan and
lease losses.’’
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
IS-2

From nonrelated organizations.

Income from fiduciary activities.

Report gross income from services rendered by the trust
department of the subsidiary or the subsidiary acting in
any fiduciary capacity. Include commissions and fees on
the sale of annuities by these entities that are executed in
a fiduciary capacity. Report ‘‘N/A’’ if the subsidiary has
no trust departments or renders no services in any
fiduciary capacity.
Line Item 5(a)(2)
accounts.

Service charges on deposit

Report the amounts charged depositors:
(1) Who maintain accounts with the subsidiary or who
fail to maintain specified minimum deposit balances;
(2) Based on the number of checks drawn on and
deposits made in deposit accounts;
(3) For checks drawn on ‘‘no minimum-balance’’
deposit accounts;
(4) For withdrawals from nontransaction deposit
accounts;
(5) For accounts which have remained inactive for
extended periods of time or which have become
dormant;
(6) For deposits to or withdrawals from deposit accounts
through the use of automated teller machines or
remote service units;
(7) For the processing of checks drawn against insufficient funds. Exclude subsequent charges levied
against overdrawn accounts based on the length of
time the account has been overdrawn and report the
interest as interest and fee income in line 1 above;
(8) For issuing stop payment orders;
Schedule IS

FR Y-11
March 2010

Schedule IS

(9) For certifying checks; and
(10) For accumulation or disbursement of funds deposited to IRA or Keogh Plan accounts when not
handled by the trust department of the subsidiary. If
the account is handled by the subsidiary’s trust
department, include the charges in line 5(a)(1)
above.
Line Item 5(a)(3)

Trading revenue.

Report the net gain or loss from trading cash instruments
and derivative contracts (including commodity contracts)
that has been recognized during the calendar year-todate. 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.
Include as trading revenue:
(1) Revaluation adjustments to the carrying value of
assets and liabilities reportable in Schedule BS,
item 4, ‘‘Trading assets,’’ and Schedule BS, item 11,
‘‘Trading liabilities,’’ resulting from the periodic
marking to market of such instruments;
(2) Revaluation of adjustments from the periodic marking to market of interest rate, foreign exchange,
equity derivative, commodity and other contracts
held for trading; and
(3) Incidental income and expense related to the purchase and sale of cash instruments reportable in
Schedule BS, item 4, ‘‘Trading assets,’’ and Schedule
BS, item 11, ‘‘Trading liabilities,’’ and derivative
contracts held for trading.
Exclude trading revenue from transactions with related
organizations. Report such revenue in item 5(b).
Line Item 5(a)(4) Investment banking, advisory,
brokerage, and underwriting fees and commissions.
Report fees and commissions from 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, and from the
purchase and sale of securities and money market instruments where the subsidiary is acting as agent for other
subsidiaries or customers (if these fees and commissions
FR Y-11
Schedule IS

March 2010

are not included in item 5(a)(1), ‘‘Income from fiduciary
activities,’’ or item 5(a)(3), ‘‘Trading revenue’’).
Also include the subsidiary’s proportionate share of the
income or loss before extraordinary items and other
adjustments from its investments in corporate joint ventures, unincorporated joint ventures, general partnerships, and limited partnerships over which the subsidiary
exercises significant influence that are principally engaged
in investment banking, advisory, brokerage, or securities
underwriting activities.
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(a)(5)

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). Include any fee income from venture
capital activities that is not reported in one of the
preceding income items. Also include the subsidiary’s
proportionate share of the income or loss before extraordinary items and other adjustments from its investments
in corporate joint ventures, unincorporated joint ventures,
general partnerships, and limited partnerships over which
the subsidiary exercises significant influence that are
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.
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(a)(6)

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. Subsidiaries should report servicing income net of
the related servicing assets’ amortization expense. Include
impairments recognized on servicing assets. For further
IS-3

Schedule IS

information on servicing, see the FR Y-9C Glossary
entry for ‘‘servicing assets and liabilities.’’
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(a)(7)

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 subsidiary’s
securitization transactions and unrealized losses (and
recoveries of unrealized losses) on loans and leases held
for sale in securitization transactions. Exclude income
from servicing securitized assets (report in item 5(a)(6),
above) and from seller’s interests and residual interests
retained by the subsidiary (report in the appropriate
subitem of item 1, ‘‘Interest income’’).
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(a)(8)

Insurance commissions and fees.

Report income from insurance activities (includes premiums and supplemental contracts); service charges, commissions, and fees from the sale of insurance; commissions on reinsurance; and other insurance related income.
Also include the subsidiary’s proportionate share of the
income or loss before extraordinary items and other
adjustments from its investments in corporate joint ventures, unincorporated joint ventures, general partnerships, and limited partnerships over which the subsidiary
exercises significant influence that are principally engaged
in insurance underwriting, reinsurance, or insurance sales
activities. Exclude commissions and fees on the sale of
annuities and report in item 5(a)(9).
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(a)(9)
annuity sales.

Fees and commissions from

Report fees and commissions from sales of annuities
(fixed, variable, and other) by the nonbank subsidiary and
fees earned from customer referrals for annuities to
IS-4

insurance companies and insurance agencies external to
the nonbank subsidiary. Also include management fees
earned from annuities. However, exclude fees and commissions from sales of annuities by the trust department
of the subsidiary or the subsidiary acting in any fiduciary
capacity reported in item 5(a)(1), ‘‘Income from fiduciary
activities.’’
Also include the subsidiary’s proportionate share of the
income or loss before extraordinary items and other
adjustments from its investments in corporate joint ventures, unincorporated joint ventures, general partnerships, and limited partnerships over which the subsidiary
exercises significant influence that are principally engaged
in annuity product underwriting or sales activities.
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(a)(10)

Other noninterest income.

Report all other noninterest income derived from nonrelated organizations that is not reported above. 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 5(b)

From related organizations.

Report all noninterest income derived from related organizations. Include in this item trading revenue from
transactions with related organizations. Exclude the parent’s equity in undistributed income of subsidiaries from
this item and report in item 11.
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(c)

Total noninterest income.

Report the sum of items 5(a)(1) through 5(a)(10) and
5(b). 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.
Schedule IS

FR Y-11
March 2010

Schedule IS

Line Item 6 Realized gains (losses) on securities
not held in trading accounts.
Report the net gain or loss realized during the calendar
year-to-date from the sale, exchange, redemption, or
retirement of all securities not held in trading accounts.
The realized gain or loss on the 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. Also include in this item the
write-downs of the cost basis of individual securities for
other-than-temporary impairments. 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. Do not
adjust for applicable income taxes (income taxes applicable to gains (losses) on securities are to be included in the
applicable income taxes reported in item 9 below).
Exclude:
(1) the change in net unrealized holding gains (losses) on
available-for-sale securities during the calendar year
(report in Schedule IS-A, item 5),
(2) realized gains (losses) on trading securities (report in
Schedule IS, item 5(a)(3)), ‘‘Trading revenue,’’ and
(3) net gains (losses) from the sale of detached securities
coupons and the sale of ex-coupon securities, and
report in item 7, ‘‘Noninterest expense,’’ or
item 5(a)(10), ‘‘Other noninterest income,’’ as
appropriate.
Line Item 7

Noninterest expense.

Report in the appropriate subitem all other expense not
properly reported in item 2(c), ‘‘Total interest expense’’
that is incurred from activities in which the subsidiary
is engaged. Report noninterest expense pertaining to
nonrelated organizations in item 7(a) and pertaining to
the organization in item 7(b). Also, a subsidiary may
include as other noninterest expense in item 7(a) or 7(b)
below net losses (gains) from the sale of loans and certain
other assets as long as the subsidiary reports such transactions on a consistent basis.
Line Item 7(a)
organizations.

Pertaining to nonrelated

Report the amount of noninterest expense of the subsidiary pertaining to activities with nonrelated organizations
(i.e., third-party transactions). If this amount is negative,
FR Y-11
Schedule IS

March 2010

paper filers should enclose it in parentheses or report with
a minus (-) sign. Electronic filers should report negative
amounts with a minus (-) sign.
Report salaries and benefits of all officers and employees
of the subsidiary including guards and contracted guards,
temporary office help, dining room and cafeteria employees, and building department officers and employees
(including maintenance personnel). Include gross salaries, wages, and other compensation; contributions to
retirement plan, pension fund and profit-sharing plan;
employee stock ownership plan, employee stock purchase plan, and employee savings plan; social security
and other taxes paid by the subsidiary; health and life
insurance premiums; relocation and tuition programs;
and the cost of all other fringe benefits for officers and
employees.
Report all noninterest expenses related to the use of
premises, equipment, furniture, and fixtures, net of rental
income, that are reportable in Schedule BS, item 5,
‘‘Premises and fixed assets.’’ If this net amount is a credit
balance, enclose it in parentheses.
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 subsidiary, including rentals by regular tenants
of the subsidiary, income received from short-term rentals of other facilities of the subsidiary, and income from
sub-leases. Also deduct income from assets that indirectly represent premises, equipment, furniture, or fixtures reportable in Schedule BS, item 5, ‘‘Premises and
fixed assets.’’ Include normal and recurring depreciation
and amortization charges against assets; all operating
lease payments made by the subsidiary on premises and
equipment; cost of ordinary repairs to premises (including leasehold improvements), equipment, furniture, and
fixtures; cost of service or maintenance contracts for
equipment, furniture, and fixtures; insurance expense
related to the use of premises, equipment, furniture, and
fixtures; all property tax and other tax expense related to
premises (including leasehold improvements), equipment, furniture, and fixtures; cost of heat, electricity,
water, and other utilities connected with the use of
premises and fixed assets; cost of janitorial supplies and
outside janitorial services; and services and fuel, maintenance, and other expenses related to the use of the
subsidiary-owned automobiles, airplanes, and other vehicles for the subsidiary’s business.
IS-5

Schedule IS

Include fees paid to directors and advisory directors for
attendance at board of directors or committee meetings;
premiums on fidelity insurance, directors’ and officers’
liability insurance, and life insurance policies for which
the subsidiary is the beneficiary; federal deposit insurance premium; Comptroller of the Currency assessment
expense; legal fees and other direct costs incurred in
connection with foreclosures; and advertising, promotional, public relations, and business development
expenses; data processing cost; goodwill impairment
losses; amortization expenses of and impairment losses
for other intangible assets; and all other noninterest
expenses pertaining to nonrelated organizations.
Also report any provision for credit losses related to
off-balance-sheet credit exposures, based upon management’s evaluation of the subsidiary’s current off-balancesheet credit exposures.
Line item 7(b)

Pertaining to related organizations.

Report all expenses involving related organizations that
cannot properly be reported in Schedule IS, item 2(b),
‘‘Interest expense pertaining to related organizations.’’ 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 7(c)

Total noninterest expense.

Report the sum of items 7(a) and 7(b). 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 8 Income (loss) before extraordinary
items and other adjustments.
Report the sum of items 3, 5(c) and 6, minus items 4 and
7(c). 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 9
(estimated).

Applicable income taxes (benefits)

Report the total estimated federal, state and local, and
foreign income tax expense applicable to item 8, ‘‘Income
(loss) before extraordinary items and other adjustments,’’
including the tax effects of gains (losses) on securities not
IS-6

held in trading accounts (i.e., available-for-sale securities
and held-to-maturity securities). Include both the current
and deferred portions of these income taxes. If this
amount is negative (i.e., the amount is a tax benefit rather
than a tax expense), paper filers should enclose the
amount in parentheses or report with a minus (-) sign.
Electronic filers should report negative amounts with a
minus (-) sign.
Include as applicable income taxes all taxes based on a
net amount of taxable revenue less deductible expenses.
Exclude the estimated income taxes applicable to foreign
currency translation adjustments included in Schedule IS-A, item 5. Exclude from applicable income taxes
all taxes based on gross revenues or gross receipts.
Line Item 10 Extraordinary items, net of
applicable income taxes.
Report the total of extraordinary items and other adjustments, net of income taxes. Include the material effects of
any extraordinary items and the cumulative effect of all
changes in accounting principles except those required to
be reported as a change in equity capital in accordance
with GAAP.
Include:
(1) Realized tax benefits of operating loss carryforwards
(other than realized loss carryforward benefits of
purchased subsidiaries which should be treated as an
adjustment of purchase price);
(2) The results of discontinued operations as determined
in accordance with the provisions of ASC Topic 360,
Property, Plant, and Equipment (formerly FASB
Statement No. 144, Accounting for the Impairment or
Disposal of Long-Lived Assets);
(3) Material aggregate gains on troubled debt restructuring of the subsidiary’s own debt as determined in
accordance with the provisions of ASC Subtopic
470-60 Debt – Troubled Debt Restructurings by
Debtors (formerly FASB Statement No. 15, Accounting by Debtors and Creditors for Troubled Debt
Restructurings); and
(4) The material effects on any other events or transactions that are both unusual in nature and infrequent in
their occurrence. To be unusual in nature, the underlying event or transaction should be abnormal and
significantly different from the ordinary and typical
activities of the subsidiary. An event or transaction
Schedule IS

FR Y-11
September 2011

Schedule IS

not reasonably expected to recur in the foreseeable
future is considered to occur infrequently. Exclude
net gains or losses on the sale or other disposal of the
subsidiary’s premises and fixed assets, other real
estate owned, coins, art and other similar assets, as
well as any branch offices; report these gains or
losses in Schedule IS, Items 5(a)(10) or 7, respectively.
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 11 Equity in undistributed income (loss)
of subsidiary(s).
Report the amount of the parent subsidiary’s proportionate interest in the subsidiary’s(s’) net income (loss) less
any dividends declared by the subsidiary(s) for the
calendar year-to-date. Report dividends in item 1(b).
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 12

Net income (loss).

Report the sum of items 8, 10, and 11 minus item 9. 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. This item must equal Schedule IS-A, Changes in
Equity Capital, item 2, “Net income.”

Memoranda
Memorandum item 1 is to be completed by nonbank
subsidiaries that are required to complete Schedule
BS-A, Memoranda items 1(b) and 1(c).
Line Item 1 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 from nonrelated organizations (Schedule IS, item 1(a)).
FR Y-11
Schedule IS

September 2011

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).
Memorandum item 2 is to be completed by nonbank
subsidiaries that have elected to account for financial
instruments or servicing assets and liabilities at fair
value under a fair value option.
Memorandum item 2 is to be completed by subsidiaries
that have adopted ASC Topic 820, Fair Value Measurements and Disclosures (formerly FASB Statement No.
157, Fair Value Measurements), and have elected to
report certain assets and liabilities at fair value with
changes in fair value recognized in earnings in accordance with 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)). This election is generally referred to as the
fair value option.
If the subsidiary 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 IS, not as part of the reported change
in fair value of these assets and liabilities for the year-todate. The subsidiary 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
IS-7

Schedule IS

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 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 Subtopic. 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.

IS-8

Revaluation adjustments, excluding amounts reported as
interest income and interest expense, to the carrying
value of all assets and liabilities reported in Schedule BS
at fair value under a fair value option (excluding servicing assets and liabilities reported in Schedule BS, item 7,
‘‘All other assets,’’ and Schedule BS, item 14, ‘‘Other
liabilities,’’ respectively, and trading assets and trading
liabilities reported in Schedule BS, item 4, ‘‘Trading
assets,’’ and Schedule BS, item 11, ‘‘Trading liabilities,’’
respectively) resulting from the periodic marking of such
assets and liabilities to fair value should be reported as
‘‘Other noninterest income’’ in Schedule IS, item 5(a)(10).

Line item 2 Net change in fair values of financial
instruments accounted for under a fair value option.
Report the net change in fair values of all financial
instruments that the subsidiary has elected to account for
under the fair value option that is included in Schedule
IS, items 5.a.(3), ‘‘Trading revenue,’’ 5.a.(6), ‘‘Net servicing fees,’’ 5.a.(10), ‘‘Other interest income,’’ and 5(b),
‘‘From related organizations.’’
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.

Schedule IS

FR Y-11
September 2011

LINE ITEM INSTRUCTIONS FOR

Changes in Equity Capital
Schedule IS-A

General Instructions
Total 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,
other than the amount reported in item 1, should represent net aggregate changes for the calendar year-to-date.
Paper filers should enclose all net decreases and losses
(net reductions of equity capital) in parentheses or report
with a minus (-) sign. Electronic filers should report all
net decreases and losses (net reductions of equity capital)
with a minus (-) sign.

Line Item 1 Equity capital most recently reported
for the end of the previous calendar year (i.e., after
adjustments from amended Income Statements).
Report the subsidiary’s total equity capital balance most
recently reported for the previous calendar year-end after
the filing of any amended report(s). Include the cumulative effect, net of applicable income taxes, of those
changes in any accounting principles adopted during the
calendar year-to-date reporting period that were applied
retroactively and for which prior years’ financial statements were restated. Also, include the sum of all corrections, net of applicable income taxes, resulting from
material accounting errors that were made in prior years
and not corrected by the filing of an amended report for
the period in which the error was made.

Line Item 2

Net income (loss).

Report the net income (loss) for the calendar year-to-date
as reported on the Income Statement, item 12, ‘‘Net
income (loss).’’
FR Y-11
Changes in Equity Capital

March 2010

Line Item 3 Sale, conversion, acquisition, or
retirement of common stock and perpetual
preferred stock.
Report the changes in the subsidiary’s total equity capital
resulting from the sale, conversion, acquisition, or retirement of the subsidiary’s capital stock. Limited-life preferred stock is not included in equity capital.
Report the total amount of new capital stock issued, net
of any expenses associated with the issuance of the stock.
Report the changes in the subsidiary’s total equity capital
resulting from:
(1) Sale of the subsidiary’s perpetual preferred stock or
common stock;
(2) Exercise of stock options, including:
(a) Any income tax benefits to the subsidiary resulting from the sale of the subsidiary’s own stock
acquired under a qualified stock option within
three years of its purchase by the employee who
had been granted the option; and
(b) Any tax benefits to the subsidiary resulting from
the exercise (or granting) of nonqualified stock
options (on the subsidiary’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) The conversion of convertible debt, limited-life preferred stock, or perpetual preferred stock into perpetual preferred or common stock;
(4) Redemption of perpetual preferred stock or common
stock;
(5) Retirement of perpetual preferred stock or common
stock including:
IS-A-1

Schedule IS-A

(a) The net decrease in equity capital which occurs
when cash is distributed in lieu of fractional
shares in a stock dividend; and
(b) 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;
and
(6) Capital-related transactions involving the subsidiary’s Employee Stock Option Plan.
Line Item 4 LESS: Cash dividends declared.
Report all cash dividends declared during the calendar
year-to-date, including dividends on common and preferred stock. Include dividends not payable until after the
report date. Exclude dividends declared during the previous calendar year but paid in the current period.
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 subsidiary’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.’’
A liability for dividends payable may not be accrued in
advance of the formal declaration of a dividend by the
boards of directors. However, the subsidiary may segregate a portion of retained earnings in the form of a capital
reserve in anticipation of the declaration of a dividend.
Line Item 5

Other comprehensive income.

Report the amount of other comprehensive income for
the calendar year-to-date. Other comprehensive income

IS-A-2

includes changes during the calendar year-to-date in: net
unrealized holding gains (losses) on available-for-sale
securities, accumulated net gains (losses) on cash flow
hedges, foreign currency translation adjustments, and
minimum pension liability adjustments. Refer to the
FR Y-9C instructions and ASC Subtopic 220-10, Comprehensive Income – Overall (formerly FASB Statement
No. 130, Reporting Comprehensive Income) for additional information on reporting this item.
Line Item 6

Other adjustments to equity capital.

Report all adjustments to equity capital that are not
properly reported in items 1 through 5 above. This item
should include:
(1) changes incident to business combinations;
(2) sales of treasury stock (the resale or the disposal on
the subsidiary’s own perpetual preferred stock or
common stock, i.e., treasury stock transactions);
(3) LESS: Purchases of treasury stock (the resale or the
disposal on the subsidiary’s own perpetual preferred
stock or common stock, i.e., treasury stock transactions);
(4) change in offsetting debit to the liability for Employee
Stock Ownership Plan (ESOP) debt guaranteed by
the subsidiary; and
(5) contributions and distributions to and from partners
or limited liability company (LLC) shareholders
when the company is a partnership or a LLC.
Line Item 7
period.

Total equity capital at end of current

Report the sum of items 1, 2, 3, 5, and 6, minus item 4.
This item must equal Schedule BS, Balance Sheet item
18(g), ‘‘Total equity capital.’’

Schedule IS-A

FR Y-11
September 2011

LINE ITEM INSTRUCTIONS FOR

Changes in Allowance
for Loan and Lease Losses
Schedule IS-B

General Instructions

Line Item 3

Report all changes in the allowance account on a year-todate basis. When the subsidiary maintains an allowance
for possible loan and lease losses, report all related
transactions and reconcile, beginning with the balance
reported at the end of the previous year, to the balance of
the allowance shown in Schedule BS, Balance Sheet,
item 3(b), as of the end of the current period. The
provision for possible loan and lease losses should
correspond to the amount reported in Schedule IS, item 4,
‘‘Provision for loan or lease losses.’’ Exclude transactions pertaining to reserves carried in capital accounts,
such as reserves for contingencies that represent a segregation of undivided profits. Also exclude any allowance
for credit losses on off-balance-sheet exposures.

Enter the amount of gross charge-offs on loans and leases
during the calendar year-to-date.

Line Item 1 Balance most recently reported at end
of previous calendar year.

Line Item 4

Less: Charge-offs.

Provision for loan and lease losses.

This item must equal Schedule IS, Item 4, ‘‘Provision for
loan or lease losses.’’ 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 5

Adjustments.

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

Include the ending balance as most recently reported for
the prior year end in the allowance for possible loan and
lease losses account. The amount must reflect 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.

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 2 Recoveries.
Include recoveries of amounts previously charged off
against the allowance for possible loan and lease losses.

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.’’

FR Y-11
Changes in Allowance for Loan and Lease Losses

March 2010

Line Item 6

Balance at end of current period.

IS-B-1

LINE ITEM INSTRUCTIONS FOR

Balance Sheet and
Off-Balance-Sheet Items
Schedule BS

Assets
Items 1 through 8 exclude balances due from related
institutions (see definition in the General Instructions).
Report balances due from related institutions in item 9.
Line Item 1 Cash and balances due from
depository institutions.

(a) Checks or drafts in the process of collection that
are drawn on banking institutions, and payable
immediately upon presentation, including checks
or drafts already forwarded for collection and
checks on hand which will be presented for
payment or forwarded for collection on the following business day in the country where the
reporting office that is clearing or collecting the
check or draft is located;

Report the total of non-interest bearing and interestbearing balances due from depository institutions, currency and coin, cash items in process of collection and
unposted debits.

(b) Government checks that are 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;

Depository institutions consist of commercial banks in
the United States, credit unions, mutual and stock savings
banks, savings or building and loan associations, cooperative banks, industrial banks that accept deposits, U.S.
branches and agencies of foreign banks, and banking
organizations in foreign countries.

(c) Checks or warrants that are drawn on a foreign
government that are payable immediately upon
presentation and that are in the process of collection; and

Balances due from depository institutions include:
(1) Noninterest-bearing funds on deposit at depository
institutions for which the reporting company has
already received credit; and
(2) 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 deposits held for trading.
Exclude balances with closed or liquidating banks or
other depository institutions and all loans (report in
item 3 below). Also exclude balances due from subsidiary banks (and their branches) of the reporting bank
holding company (report in item 9 below).

(d) Amounts credited to deposit accounts in connection with automatic payment arrangements where
such credits are made one business day prior to
the payment date to ensure the availability of
funds on the payment date; and
(2) Unposted debits are cash items in the reporting
organization’s possession drawn on itself that are
chargeable, but have not yet been charged to the
general ledger deposit control account at the close of
business on the report date.
Exclude from this item the following:

Cash and due from balances include:

(1) Credit or debit card sales slips in process of collection (report as noncash items in item 7, ‘‘All other
assets’’). However, if the reporting organization has
been notified that they have been given credit, the
amount of such sales slips should be reported in this
item;

(1) Cash items in the process of collection that include
the following:

(2) Cash items not conforming to the definition of in
process of collection, whether or not cleared; and

FR Y-11
Balance Sheet

March 2007

BS-1

Schedule BS

(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 such
drafts as loans in the appropriate line item; if the
drafts were received on a collection basis, exclude
them entirely until the funds have actually been
collected.)

changes in value (appreciation and depreciation) directly
in the income statement as a part of earnings. Exclude all
trading securities from this item and report trading
securities in Schedule BS, item 4, ‘‘Trading assets.’’

Line Item 2

Report the fair value of available-for-sale securities.

Securities.

Report the amount of U.S. Treasury securities, U.S.
government agency and corporation obligations, securities issued by states and political subdivisions in the U.S.,
and all other debt and equity securities with readily
determinable fair values. Also, include as debt securities
all holdings of commercial paper. Report held-to-maturity
securities in item 2(a) and available-for-sale securities in
item 2(b). Exclude equity securities that do not have
readily determinable fair values and report these equity
securities in item 7, ‘‘All other assets.’’
ASC Topic 320, Investments-Debt and Equity Securities
(formerly FASB Statement No. 115, Accounting for
Certain Investments in Debt and Equity Securities),
requires depository institutions to divide their securities
holdings among three categories: held-to-maturity,
available-for-sale, and trading securities. This accounting
standard provides a different accounting treatment for
each category. Under ASC Topic 320, only those debt
securities for which an institution has the positive intent
and ability to hold to maturity may be included in the
held-to-maturity account, and the institution would continue to account for these debt securities at amortized
cost.
Securities in the available-for-sale category under
ASC Topic 320 are those securities for which an institution does not have the positive intent and ability to hold
to maturity, yet does not intend to trade as part of its
trading account. Report available-for-sale securities at
fair value, and report unrealized holding gains (losses) on
these securities, net of the applicable tax effect, as a
separate component of equity capital in Schedule BS,
item 18(d), ‘‘Accumulated other comprehensive income.’’
Trading securities are debt and equity securities that an
institution buys and holds principally for the purpose of
selling in the near term. Report trading securities at fair
value (generally, market value), and report unrealized
BS-2

Line Item 2(a)

Held-to-maturity securities.

Report the amortized cost of held-to-maturity securities.
Line Item 2(b)

Available-for-sale securities.

Line Item 3 Loans and lease financing receivables
(including federal funds sold).
Line Item 3(a)
income.

Loans and leases, net of unearned

Report the aggregate book value of all loans and leases of
the subsidiary, net of unearned income, before the deduction of the ‘‘Allowance for loan and lease losses,’’ (report
in item 3(b)). This item must equal Schedule BS-A, item
6. See Schedule BS-A, ‘‘General Instructions,’’ for further detail.
Line Item 3(b)
losses.

Less: Allowance for loan and lease

Report the allowance for loan and lease losses as determined in accordance with generally accepted accounting
principles (GAAP) for the subsidiary. Exclude any allowance for loan and lease losses on loans and leases with
related institutions.
Line Item 3(c) Loan and lease financing
receivables, net of unearned income and allowance
for loan and lease losses.
Report the amount derived by subtracting item 3(b) from
item 3(a).
Line Item 4

Trading assets.

Subsidiaries that (a) regularly underwrite or deal in
securities, interest rate contracts, foreign exchange rate
contracts, other commodity and equity derivative contract, other financial instruments, and other assets for
resale, (b) acquire or take 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) acquire or take positions in such items as an accommodation to customers or
Schedule BS

FR Y-11
September 2011

Schedule BS

for other trading purposes shall report in this item the
value of such assets or positions on the report date.
Assets and other financial instruments held for trading
shall be valued at fair value.
Assets held in trading accounts include, but are not
limited to:
(1) U.S. Treasury securities;
(2) U.S. government
obligations;

agency

and

corporation

(3) Securities issued by states and political subdivisions in the U.S.;
(4) Securities of all foreign governments and official
institutions;
(5) Equity securities;
(6) Other bonds, notes, and debentures;
(7) Certificates of deposit;
(8) Commercial paper;
(9) Bankers acceptances; and
(10) Revaluation gains from derivative contracts.
Line Item 5 Premises and fixed assets (including
capitalized leases).
Report the book value, less accumulated depreciation or
amortization, of all premises, equipment, furniture, and
fixtures purchased directly or acquired by means of a
capital lease. Any method of depreciation or amortization
conforming to generally accepted accounting principles
may be used.
Include as premises and fixed assets:
(1) Premises that are actually owned and occupied (or to
be occupied, if under construction) by the subsidiary;
(2) Leasehold improvements, vaults, and fixed machinery and equipment;
(3) 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 subsidiary;
(6) Furniture, fixtures, and movable equipment of the
subsidiary;
FR Y-11
Schedule BS

September 2011

(7) Automobiles, airplanes, and other vehicles owned by
the subsidiary and used in the conduct of its business;
(8) The amount of capital lease property (with the subsidiary as lessee), premises, furniture, fixtures, and
equipment; and
(9) Stocks and bonds issued by nonmajority-owned corporations whose principal activity is the ownership of
land, buildings, equipment, furniture, or fixtures
occupied or used (or to be occupied or used) by the
subsidiary;
Property formerly but no longer used for subsidiary
activities may be reported in this item as ‘‘Premises and
fixed assets’’ or in item 6, ‘‘Other real estate owned.’’
Exclude from premises and fixed assets:
(1) Original paintings, antiques, and similar valuable
objects (report in item 7, ‘‘All other assets’’);
(2) Favorable leasehold rights (report in Schedule BS-M,
item 5(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 subsidiary (report in item
3(a) ‘‘Loans and lease financing receivables, net of
unearned income’’).
Line Item 6

Other real estate owned.

Report the book value (not to exceed the fair value), less
accumulated depreciation, if any, of all real estate other
than premises actually owned by the subsidiary.
Exclude any property necessary for the conduct of banking business (report in item 5 above, ‘‘Premises and fixed
assets’’). Property formerly but no longer used for subsidiary activities may be reported in this item or in item 5
above.
Include as other real estate owned:
(1) 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
subsidiary has not yet received title to the property;
BS-3

Schedule BS

(2) Real estate collateral underlying a loan when the
subsidiary has obtained physical possession of the
collateral, regardless of whether formal foreclosure
proceedings have been instituted against the borrower;
(3) 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);
(4) Any real estate acquired, directly or indirectly, by the
subsidiary and held for development or other investment purposes;
(5) Real estate acquisition, development, or construction
(ADC) arrangements that 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);
(6) Real estate acquired and held for investment by the
subsidiary that has been sold under contract and
accounted for under the deposit method in accordance with ASC Subtopic 360-20;
(7) Any other loans secured by real estate and advanced
for real estate acquisition, development, or investment purposes if the reporting subsidiary in substance has virtually the same risks and potential
rewards as an investor in the borrower’s real estate
venture;
(8) Investments in corporate joint ventures, unincorporated joint ventures, and general or limited partnerships that are primarily engaged in the holding of real
estate for development, resale, or other investment
purposes and over which the subsidiary does not
exercise significant influence; and
(9) Property originally acquired for future expansion but
no longer intended to be used for that purpose.
Line Item 7

Report net deferred tax assets in this item and net
deferred tax liabilities in item 14, ‘‘Other liabilities.’’
Exclude all balances due from related institutions and
investments in all subsidiaries and associated companies.
Report such transactions in item 9.
Line Item 8

Claims on nonrelated organizations.

Enter the sum of items 1, 2, and 3(c) through 7.
Line Item 9 Balances due from related
institutions, gross.
Report all balances due from the top-tier bank holding
company or banking organization, all balances due from
subsidiary banks (or their branches) or subsidiary bank
holding companies of the top-tier bank holding company,
and all balances due from other subsidiaries of these
organizations (including subsidiaries of the parent organization and the reporting nonbank subsidiary), on a
gross basis. Include the amount of the subsidiary’s
investment in all (whether consolidated or unconsolidated) subsidiaries, associated companies, corporate joint
ventures, unincorporated joint ventures, and general partnerships over which the respondent exercises significant
influence; and noncontrolling investments in certain limited partnerships and limited liability companies (as
described in the FR Y-9C Glossary entry for ‘‘equity
method of accounting’’), less any dividends paid or
declared.
Exclude all balances due to related institutions and
include in item 16.
Line Item 10

Total assets.

Report the sum of items 8 and 9.

All other assets.

Report all other assets held by the respondent subsidiary
that cannot be properly included in any of the preceding
items. Include investments in nonrelated companies,
customers’ liability on acceptances outstanding, goodwill, and intangible assets. Also report income earned but
BS-4

not collected, prepaid expenses, accounts receivable, and
the positive fair value of all derivatives held for purposes
other than trading.

Liabilities and Equity Capital
Items 11 through 15 exclude balances due to related
institutions. Report balances due to related institutions in
item 16.
Schedule BS

FR Y-11
September 2011

Schedule BS

Line Item 11

Trading liabilities.

Report the amount of liabilities from the reporting subsidiary’s trading activities. Include liabilities resulting
from the sales of assets that the reporting subsidiary does
not own (short position) and revaluation losses from
‘‘marking to market’’ (or the ‘‘lower of cost or market’’)
of interest rate, foreign exchange rate, and other commodity and equity contracts into which the reporting
subsidiary has entered for trading, dealer, customer
accommodation, and similar purposes.

Line Item 12 Other borrowed money with a
remaining maturity of one year or less (including
commercial paper issued and federal funds
purchased).
Report the total amount of money borrowed by the
subsidiary with a remaining maturity of one year or less.
Include outstanding commercial paper issued and federal
funds purchased. 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.

Line Item 13 Other borrowed money with a
remaining maturity of more than one year
(including subordinated debt and limited-life
preferred stock and related surplus).
Report the total amount of all borrowings of the subsidiary with a remaining maturity of more than one year,
including subordinated debt and limited-life preferred
stock including related surplus. 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.
Borrowings may take the form of:
(1) Promissory notes;
(2) Perpetual debt securities that are unsecured and not
subordinated;
(3) Notes and bills rediscounted (including commodity
drafts rediscounted);
(4) Loans sold under repurchase agreements and sales
of participations in pools of loans that mature in
more than one business day;

Borrowings may take the form of:

(5) Due bills issued representing the subsidiary’s receipt
of payment and similar instruments, whether collateralized or uncollateralized;

(1) Demand notes issued to the U.S. Treasury;

(6) ‘‘Term federal funds’’ purchased;

(2) Promissory notes;

(7) Securities sold under agreements to repurchase;

(3) Notes and bills rediscounted (including commodity
drafts rediscounted);

(8) Notes and debentures issued by the respondent
subsidiary;

(4) Loans sold under repurchase agreements and sales of
participations in pools of loans that mature in more
than one business day;

(9) Mortgage indebtedness and obligations under capitalized leases with a remaining maturity of more
than one year; and

(5) Due bills issued representing the subsidiary’s receipt
of payment and similar instruments, whether collateralized or uncollateralized;

(10) Limited-life preferred stock. 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 at a stated date.

(6) Overnight and ‘‘Term federal funds’’ purchased;
(7) Securities sold under agreements to repurchase; and
(8) Mortgage indebtedness and obligations under capitalized leases with a remaining maturity of one year or
less.

Exclude all borrowings with related institutions. Report
such borrowings in item 16.

Exclude all borrowings with related institutions. Report
such borrowings in item 16.

Report the total amount of all other liabilities that cannot
be properly reported in items 11 through 13. Include

FR Y-11
Schedule BS

September 2011

Line Item 14

Other liabilities.

BS-5

Schedule BS

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, and unamortized loan fees (other
than those that represent an adjustment of the interest
yield, if material).
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.
Line Item 15 Liabilities to nonrelated
organizations.
Enter the sum of items 11 through 14.
Line Item 16
gross.

Balances due to related institutions,

Report all balances due to the top tier bank holding
company or banking organization, all balances due to
subsidiary banks (or their branches) or subsidiary bank
holding companies of the top tier bank 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.
Line Item 18

Equity capital.

Equity capital represents the sum of capital stock, surplus, undivided profits, and various reserve accounts.
Line Item 18(a)

Stock.

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.
BS-6

Line Item 18(b) 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. 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 16) 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)).
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:
(1) Reserve for undeclared stock dividends, which
includes amounts set aside to provide for stock
dividends (not cash dividends) not yet declared;
(2) Reserve for undeclared cash dividends, which
includes amounts set aside for cash dividends on
common and preferred stock not yet declared (report
cash dividends declared but not yet payable in
item 14);
(3) Retirement account (for limited-life preferred stock
or notes and debentures subordinated to deposits),
which includes amounts allocated under the plan for
retirement of limited-life preferred stock or notes and
debentures subordinated to deposits contained in the
subsidiary’s articles of association or in the agreement under which such stock or notes and debentures
were issued; and
(4) Reserve for contingencies, which includes amounts
set aside for possible unforeseen or indeterminate
Schedule BS

FR Y-11
September 2011

Schedule BS

liabilities not otherwise reflected on the subsidiary’s
books and not covered by insurance.
Exclude from retained earnings:
(1) The amount of the cumulative foreign currency translation adjustment (report in item 18(d));
(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 except where required
by state law or regulation (report surplus related to
perpetual preferred stock in item 18(a) and surplus
related to common stock in item 18(b));
(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 item 13); and
(4) ‘‘Reserves’’ that reduce the related asset balances
such as valuation allowances (e.g., allowance for
loan and lease losses), reserves for depreciation, and
reserves for bond premiums.
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 18(d)
income.

Accumulated other comprehensive

Report the amount of other comprehensive income in
conformity with the requirements of ASC Subtopic 22010, Comprehensive Income – Overall (formerly FASB
Statement No. 130, Reporting Comprehensive Income).
Accumulated other comprehensive income includes net
unrealized holding gains (losses) on available-for-sale
securities, accumulated net gains (losses) on cash flow
hedges, foreign currency translation adjustments, and
minimum pension liability adjustments. Net unrealized
holding gains (losses) on available-for-sale securities is
the difference between the amortized cost and fair value
of the subsidiary’s available-for-sale securities, net of tax
effects, as of the report date.
For most subsidiaries, all ‘‘securities,’’ as the term is
defined in ASC Topic 320, Investments-Debt and Equity
Securities (formerly FASB Statement No. 115, Accounting for Certain Investments in Debt and Equity Securities), that are designated as ‘‘available-for-sale’’ will be
reported as ‘‘available-for-sale securities’’ in item 2(b),
above. However, a subsidiary may have certain assets
FR Y-11
Schedule BS

September 2011

that fall within the definition of ‘‘securities’’ in ASC
Topic 320 (e.g., commercial paper or nonrated industrial
development obligations) that the subsidiary 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’’). These ‘‘available-for-sale’’ assets must be carried on the balance sheet at fair value rather than
amortized cost and the difference between these two
amounts, net of tax effects, must be included in this item.
Also include the unamortized amount of the unrealized
holding gain or loss at the date of transfer of any debt
security transferred into the held-to-maturity category
from the available-for-sale category. When a debt security is transferred from available-for-sale to held-tomaturity, report the unrealized holding gain or loss at the
date of transfer in this equity capital account and amortize it over the remaining life of the security as an
adjustment of yield in a manner consistent with the
amortization of any premium or discount. Accumulated
net gains (losses) on cash flow hedges is the effective
portion of the accumulated change in fair value (gain or
loss) on derivatives designated and qualifying as cash
flow hedges in accordance with ASC Topic 815, Derivatives and Hedging (formerly FASB Statement No. 133,
Accounting for Derivative Instruments and Hedging
Activities, as amended).
Under ASC Topic 815, a subsidiary that elects to apply
hedge accounting must exclude from net income the
effective portion of the change in fair value of a derivative designated as a cash flow hedge and record it on the
balance sheet in a separate component of equity capital
(referred to as ‘‘accumulated other comprehensive
income’’ in the accounting standard). Report the ineffective portion of the cash flow hedge in earnings. Adjust
the equity capital component (i.e., the accumulated other
comprehensive income) associated with a hedged transaction each reporting period to a balance that reflects the
lesser (in absolute amounts) of:
(1) The cumulative gain or loss on the derivative from
inception of the hedge, less (a) amounts excluded
consistent with the subsidiary’s defined risk management strategy and (b) the derivative’s gains or losses
previously reclassified from accumulated other comprehensive income into earnings to offset the hedged
transaction, or
(2) The portion of the cumulative gain or loss on the
derivative necessary to offset the cumulative change
BS-7

Schedule BS

in expected future cash flows on the hedged transaction from inception of the hedge less the derivative’s
gains or losses previously reclassified from accumulated other comprehensive income into earnings.
Accordingly, the amount reported in this item should
reflect the sum of the adjusted balance (as described
above) of the cumulative gain or 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 variable
rate interest receipt on a loan is accrued or when a
forecasted sale occurs).
Report the sum of the subsidiary’s foreign currency
translation adjustments accumulated in accordance with
ASC Topic 830, Foreign Currency Matters (formerly
FASB Statement No. 52, Foreign Currency Translation).
Report any minimum pension liability adjustment recognized in accordance with ASC Topic 715, CompensationRetirement Benefits (formerly FASB Statement No. 87,
Employers’ Accounting for Pensions. Under ASC Topic
715, an employer must report in a separate component of
equity capital, net of any applicable tax benefits, the
excess of additional pension liability over unrecognized
prior service cost.
Refer to the FR Y-9C instructions and ASC Subtopic
220-10 for additional information on reporting this item.
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 18(e) General and limited partnership
shares and interests.
Report the amount of general or limited partnership
shares or interests issued if the subsidiary is not in
corporate form.
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 18(f)

Other equity capital components.

Report all other equity capital components including the
total carrying value (at cost) of treasury stock and
unearned Employee Stock Ownership Plan (ESOP) shares
BS-8

as of the report date. Refer to the FR Y-9C instructions
for additional information on reporting this item.
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 18(g)

Total equity capital.

Report the sum of items 18(a) through 18(f). This item
must equal Schedule IS-A, Changes in Equity Capital,
item 7, ‘‘Total equity capital at end of current period.’’
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 19

Total liabilities and equity capital.

Report the sum of items 17 and 18(g). This item must
equal item 10, ‘‘Total assets.’’

Derivatives and Off-Balance-Sheet Items
Report the following selected commitments, contingencies, and other off-balance-sheet items and derivative
contracts. Include transactions with related organizations.
Exclude contingencies arising in connection with litigation.
Report in items 20 and 21 the unused portions of
commitments. Unused commitments are to be reported
gross, i.e., include in the appropriate item the unused
amount of commitments acquired from and conveyed or
participated to others. However, exclude commitments
conveyed or participated to others that the subsidiary 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 items 20 and 21, 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 subsidiary has charged a
commitment fee or other consideration.
(a) Commitments that are legally binding.
Schedule BS

FR Y-11
September 2011

Schedule BS

(b) Loan proceeds that the subsidiary is obligated to
advance, such as:
(c) Loan draws;
(3) Construction progress payments; and
(4) 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 subsidiary has extended
terms, the borrower has accepted the offered terms,
and the extension and acceptance of the terms are in
writing or, if not in writing, are legally binding on the
subsidiary and the borrower, even though the related
loan agreement has not yet been signed.
(7) Overdraft protection on depositors’ accounts offered
under a program where the subsidiary advises account
holders of the available amount of overdraft protection, for example, when accounts are opened or on
depositors’ account statements or ATM receipts.
(8) The subsidiary’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 subsidiary
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 – Overall (formerly FASB Statement No. 133,
Accounting for Derivative Instruments and Hedging
Activities, as amended), which should be reported in
items 25 through 29, as appropriate. 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 subsidiary 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.
Report the unused portions of commitments in the approFR Y-11
Schedule BS

September 2011

priate item 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 subsidiary’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 subsidiary is obligated to fund –
as of the report date – based on the contractually agreed
upon terms. In the case of revolving asset-based 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 subsidiary 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 20 Unused commitments on securities
underwriting.
Report the unsold portion of the subsidiary’s own takedown in securities underwriting transactions. Include
revolving underwriting facilities (RUFs), note issuance
facilities (NIFs), and other similar arrangements.
Line Item 21 Unused commitments on loans and
all other unused commitments.
Report the unused portion of commitments to extend
credit for the following loans:
(1) Revolving, open-end loans secured by 1–4 family
residential properties, e.g., home equity lines;
(2) Commercial real estate, construction, and land development;
(3) Commitments to fund loans secured by real estate;
BS-9

Schedule BS

(4) Commitments to fund loans not secured by real
estate;
(5) Credit card lines;
(6) Overdraft facilities;
(7) Commercial lines of credit; and
(8) Retail check credit and related plans.
Line Item 22 Standby letters of credit and foreign
office guarantees.
Report the amount outstanding and unused as of the
report date of all standby letters of credit (and all legally
binding commitments to issue standby letters of credit)
issued by the subsidiary. The originating subsidiary must
report the full outstanding and unused amount of standby
letters of credit in which participations have been conveyed to others where (a) the originating and issuing
subsidiary is obligated to pay the full amount of any draft
drawn under the terms of the standby letter of credit and
(b) the participating companies have an obligation to
partially or wholly reimburse the originating subsidiary,
either directly in cash or through a participation in a loan
to the account party. The originating subsidiary also must
report the amount of standby letters of credit conveyed to
others through participations. The subsidiary participating in such arrangements must report the full amount of
their contingent liabilities to participate in such standby
letters of credit without deducting any amounts that they
may have reparticipated to others. Participating subsidiaries also must report the amount of interest in transactions that they have reparticipated to others, if any. Also
include those standby letters of credit that are collateralized by cash on deposit.
Line Item 23 Commercial and similar letters of
credit.
Report the amount outstanding and unused as of the
report date of issued or confirmed commercial letters 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 22 above). Report legally binding commitments to
issue commercial letters of credit.
Line Item 24 Commitments to purchase foreign
currencies and U.S. dollar exchange (spot, forward,
and futures).
Report the gross aggregate par value or notional amount
(stated in U.S. dollars) of all futures contracts, forward
BS-10

and spot contracts to purchase foreign (non-U.S.) currencies and U.S. dollar exchange that are outstanding as of
the report date. A purchase of U.S. dollar exchange is
equivalent to a sale of foreign currency. Report only one
side of a foreign currency transaction. 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.
A currency futures contract is a standardized agreement
for delayed delivery of a foreign (non-U.S.) currency 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. Future contracts are traded on
organized exchanges that act as the counterparty to each
contract.
A forward foreign exchange contract is an agreement for
delayed delivery of a foreign (non-U.S.) currency 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. These contracts are not
standardized and are traded in an over-the-counter market. A spot contract is an agreement for the immediate
delivery, usually within two days, of a foreign currency at
the prevailing spot rate. Contracts are outstanding (i.e.,
open) until they have been canceled by acquisition or
delivery of the underlying currencies or, for futures
contracts, by offset. (‘‘Offset’’ is the purchase and sale of
an equal number of contracts on the same underlying
currencies for the same delivery month, executed through
the same clearing member on the same exchange.)
Line Item 25 All other futures and forward
contracts (excluding contracts involving foreign
exchange).
Report the gross aggregate par value or notional amount
of all other futures and forward contracts not included
in item 24. Include futures and forward interest rate
contracts (e.g., U.S. Treasury securities futures, forward
rate agreements, and forward agreements on U.S. government securities) and futures and forward contracts on
other commodities (e.g., stock index and commodity
contracts). Report the aggregate par value of all futures
and forward contracts that are related to an interestbearing financial instrument or whose cash flows are
determined by referencing interest rates or another interest rate contract.
Report futures and forward contracts that commit the
subsidiary to purchase or sell agricultural products (e.g.,
Schedule BS

FR Y-11
September 2011

Schedule BS

wheat or coffee), precious metals (e.g., gold or platinum),
non-ferrous metals (e.g., copper or zinc) or any other
commodity.
Futures and forward contracts are agreements for delayed
delivery of financial instruments or other 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. Futures contracts
are standardized, transferable agreements traded on organized exchanges that act as the counterparty to each
contract. Forward contracts are not standardized and are
not traded on organized exchanges. The contract amount
to be reported for futures and forward contracts on
commodities is the quantity, (i.e., number of units) of the
commodity or product contracted for purchase or sale
multiplied by the contract price of a unit.
Line Item 26

Option contracts.

Report the amount of written option contracts in
item 26(a), and the amount of purchased option contracts
in item 26(b). In reporting items 26(a) and 26(b), do not
net the following:
(1) Obligations of the subsidiary to buy against the
subsidiary’s obligations to sell, or

Line Item 26(b)

Purchased option contracts.

Report the amount of all financial instruments (aggregate
par value), foreign currencies, and other commodities
that the reporting subsidiary has purchased, for compensation (such as a fee or premium), the right to either
purchase or sell under option contracts that are outstanding as of the report date. In the case of option contracts
giving the reporting subsidiary the right to either purchase or sell a futures contract, report the amount of the
financial instrument, foreign currency, or other commodity underlying the futures contract.
Line Item 27

Notional value of interest rate swaps.

Report the notional value of all outstanding interest rate
and basis swaps. In those cases where the subsidiary
is acting as an intermediary, report both sides of the
transaction. Include cross-currency interest rate swaps
that do not involve the exchange of principal amounts
between the counterparties. An interest rate swap is a
transaction in which two parties agree to exchange the
interest payment streams on a specified principal amount
of assets or liabilities for a certain number of years. The
notional value of an interest rate swap is the underlying
principal amount upon which the exchange of interest
income or expense is based.

(2) Written options against purchased options.
An option contract conveys either the right or the obligation, depending upon whether the reporting subsidiary is
the purchaser or the writer, respectively, to (1) buy or sell
a financial instrument or an interest rate futures contract
on a financial instrument at a specified price by a
specified future date, (2) exchange two different currencies at a specified exchange rate, or (3) buy or sell stock
options, stock index options, or other commodities.
Options can be traded on organized exchanges. In addition, options can be written to meet the specialized needs
of the counterparties to the transaction. These customized
option contracts are known as over the counter (OTC)
options and are not generally traded.
Line Item 26(a)

Written option contracts.

Report the amount of all financial instruments (aggregate
par value), foreign currencies, and other commodities
that the reporting subsidiary has obligated itself, for
compensation (such as a fee or premium), to either
purchase or sell under option contracts that are outstanding as of the report date.
FR Y-11
Schedule BS

September 2011

Line Item 28

Notional value of exchange swaps.

Report the notional principal value (stated in U.S. dollars)
of all outstanding cross-currency interest rate swaps. In
those cases where the subsidiary is acting as an intermediary, report both sides of the transaction. A crosscurrency interest rate swap is a transaction in which two
parties agree to exchange principal amounts of different
currencies, usually at the prevailing spot rate, at the
inception of the agreement, which lasts for a certain
number of years. Over the life of the swap, the counterparties exchange payments in the different currencies
based on fixed rates of interest. When the agreement
matures, the principal amounts will be re-exchanged at
the same spot rate. The notional value of a cross-currency
interest rate swap is the underlying principal amount
upon which the exchange is based.
Line Item 29

Notional value of other swaps.

Report the notional principal value of all other swap
agreements that are not reportable as either interest or
foreign exchange rate contracts in items 27 or 28.
BS-11

Schedule BS

Line Item 30

All other off-balance-sheet liabilities.

With the exceptions listed below, report all types of
off-balance-sheet items not covered in other items of this
schedule. Other off-balance-sheet liabilities include, but
are not limited to:
(1) Securities borrowed against collateral (other than
cash) or on an uncollateralized basis;
(2) Securities lent against collateral or on an uncollateralized basis (other than cash);
(3) Commitments to purchase and to sell securities that
have not been issued (when-issued securities) and 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 are not reported
in item 25;
(4) Credit derivatives, including contracts where the
subsidiary is the beneficiary;
(5) Participations in acceptances conveyed to others by
the reporting subsidiary or acquired by the subsidiary;
(6) Financial guarantee insurance that insures the timely
payment of principal and interest on bond issues;
(7) Letters of indemnity other than those issued in
connection with the replacement of lost or stolen
official checks; and
(8) 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.
Exclude from other off-balance-sheet items:
(1) All items that are required to be reported on the
balance sheet, such as repurchase and resale
agreements;
(2) Commitments to purchase property being acquired
for lease to others (reported in item 23);
(3) Contingent liabilities arising in connection with litigation in which the subsidiary is involved; and

BS-12

(4) Signature or endorsement guarantees of the type
associated with the regular clearing of negotiable
instruments or securities in the normal course of
business.

Memoranda
Memoranda items 1(a) and 1(b) are to be completed by
subsidiaries that have elected to account for financial
instruments or servicing assets and liabilities at fair
value under a fair value option.
Memoranda items 1(a) and 1(b) are to be completed by
subsidiaries that have adopted ASC Topic 820, Fair
Value Measurements and Disclosures (formerly FASB
Statement No. 157, Fair Value Measurements), and have
elected to report certain assets and liabilities at fair value
with changes in fair value recognized in earnings in
accordance with 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)). This election is generally
referred to as the fair value option.
Line item 1 Financial assets and liabilities
measured at fair value under a fair value option.
Line Item 1(a) Total assets.
Report the total fair value of all assets that the subsidiary
has elected to account for under the fair value option that
is included in Schedule BS, Balance Sheet.
Line Item 1 (b)

Total liabilities.

Report the total fair value of all liabilities that the
subsidiary has elected to account for under the fair value
option that is included in Schedule BS, Balance Sheet.

Schedule BS

FR Y-11
September 2011

LINE ITEM INSTRUCTIONS FOR

Loans and Lease
Financing Receivables
Schedule BS-A

General Instructions
Loans and lease financing receivables are extensions of
credit resulting from either direct negotiation between the
subsidiary and their customers or the purchase of such
assets from others. Loans may take the form of promissory notes, acknowledgments of advance, due bills,
invoices, overdrafts, acceptances held, factoring account
receivables, and similar written or oral obligations.
Include the dollar amount outstanding of all federal funds
sold (including ‘‘term federal funds’’) and securities
purchased under agreement to resell. Also include resale
agreements involving assets other than securities.
Exclude:
(1) All loans and leases with related institutions (including federal funds sold and securities purchased under
agreements to resell), which are to be reported in
Schedule BS, item 9;
(2) Any loans or leases that the subsidiaries have sold or
charged off;
(3) 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 subsidiary has obtained
physical possession of the underlying collateral
regardless of whether formal foreclosure or repossession proceedings have been instituted against the
borrower;
(4) Holdings of commercial paper (report in Schedule BS, item 2, ‘‘Securities’’);
(5) Contracts of sale or other loans indirectly representing other real estate (report in Schedule BS, item 6,
‘‘Other real estate owned’’); and
(6) Loans and leases held for trading purposes (report in
Schedule BS, item 4, ‘‘Trading assets’’).
FR Y-11
Loans and Lease Financing Receivables

March 2009

Exclude all transactions with related institutions. Include
in items 1 through 7 all loans and leases on the books of
the subsidiary even if on the report date they are past due
and collection is doubtful. Also report all loans and leases
held for sale as part of the subsidiary’s mortgage banking
activities or activities of a similar nature involving other
types of loans. Loans held for sale shall be reported at the
lower of cost or market value. Exclude any loans or
leases the subsidiary has charged off (report in Schedule
IS-B, item 3, ‘‘less: charge-offs.’’ Report the aggregate
book value of all loans and leases before deduction of the
allowance for loan and lease losses. Report each item in
this schedule net of (1) unearned income (to the extent
possible), (2) any applicable allocated transfer risk
reserve, and (3) deposits accumulated for the payment of
personal loans (hypothecated deposits).
Line Item 1

Loans secured by real estate.

Report all loans (other than those to states and political
subdivisions in the U.S.), regardless of purpose and
regardless of whether originated by the subsidiary or
purchased from others, that are 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 or second mortgages) on real estate. For
additional information, refer to the FR Y-9C glossary
entry for “loans secured by real estate.”
Line Item 2

Loans to depository institutions.

Report all loans (other than those 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. This includes commercial banks in
the U.S., foreign branches of U.S. banks and banks in
foreign countries. Report the subsidiary’s holdings of all
bankers acceptances accepted by unrelated banks (i.e.,
BS-A-1

Schedule BS-A

banks that are not direct or indirect subsidiaries of the
subsidiary’s bank holding company or parent organization).
Exclude acceptances accepted by related banks (i.e.,
banks that are direct or indirect subsidiaries of the
subsidiary’s bank holding company or parent organization). Also exclude loans to foreign governments and
foreign official institutions.
Line Item 3

Commercial and industrial loans.

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.
Exclude:
(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);
(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);

Line Item 5
receivables.

All other loans and lease financing

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 6
receivables.

Total loans and lease financing

Report the sum of items 1 through 5.
Line Item 7
leases.

Past due and nonaccrual loans and

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.

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

Loans and leases past due 90 days

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 2011

Schedule BS-A

Line Item 7(c)

Nonaccrual loans and leases.

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.

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

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

Line Item 1(a) Total carrying amount of
closed-end loans with negative amortization features
secured by 1–4 family residential properties
(included in Schedule BS-A, item 1).

Report loans restructured in troubled debt restructurings
that, under their modified terms, are past due 30 days or
more and still accruing or are in nonaccrual status as of
the report date. Such loans will have been included in
items 7(a), 7(b), or 7(c) above. Loans restructured in
troubled debt restructurings include those loans that have
been restructured or renegotiated to provide a reduction
of either interest or principal because of a deterioration in
the financial position of the borrower. 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 restructured debt. For further information, see the
FR Y-9C Glossary entry for ‘‘troubled debt restructurings.’’
Include all loans to individuals for household, family, and
other personal expenditures, and all loans secured by 1–4
family residential properties.
FR Y-11
Schedule BS-A

March 2011

This item is to be completed by all nonbank subsidiaries.
Report the total carrying amount (before any loan loss
allowances) of, i.e., the recorded investment in, closedend loans secured by 1-4 family residential properties
whose terms allow for negative amortization. The carrying amounts included in this item will also have been
reported in Schedule BS-A, item 1.
Memoranda items 1(b) and 1(c) are to be completed by
nonbank subsidiaries that had closed-end loans with
negative amortization features secured by 1–4 family
residential properties (included in Schedule BS-A, item
1) as of the previous December 31 report date, with a
carrying amount (before any loan loss allowances) that
exceeds 5 percent of total loans and leases, net of
unearned income (as reported in Schedule BS-A, item 6)
as of the previous December 31 report date.
BS-A-3

Schedule BS-A

Line Item 1(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 BS-A, item 1), 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).

included in the carrying amount (i.e., the total amount of
interest added to the original loan principal balance that
has not yet been repaid) reported in Schedule BS-A,
Memorandum item 1(a) above. Once a loan reaches its
maximum principal balance, the amount of negative
amortization included in the carrying 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 1(c) Total amount of negative
amortization on closed-end loans secured by 1–4
family residential properties included in the
carrying amount reported in Memorandum item
1(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

BS-A-4

Schedule BS-A

FR Y-11
March 2007

LINE ITEM INSTRUCTIONS FOR

Memoranda
Schedule BS-M

Memoranda Items
Items 1 through 3 and 5 through 8 exclude balances due
from related institutions. Report balances due from
related institutions in item 9. Items 10 through 12 exclude
balances due to related institutions. Report balances due
to related institutions in item 13.
Line Item 1

Loans to non-U.S. addressees.

Report all loans included in Schedule BS, item 3(a),
‘‘Loans and lease financing receivables, net of unearned
income,’’ to non-U.S. addressees. Non-U.S. addressees
(domicile) include residents of any foreign country. U.S.
addressees (domicile) include residents of the 50 states of
the United States, the District of Columbia, Puerto Rico,
and U.S. territories and possessions.
Domicile is determined by the principal residential
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 institution, should be used in
determining whether a customer is regarded as a U.S. or
non-U.S. addressee.
Line Item 2 Loan and other assets servicing
portfolio.
Line Item 2(a) Number of loans and other assets
in servicing portfolio.
Report the number of loans and other assets in the
subsidiary’s servicing portfolio (report the actual number). Exclude loans and other assets that have been
securitized and sold without recourse with servicing
retained and report in item 3 below.
Line Item 2(b) Dollar amount of loans and other
assets in servicing portfolio.
Report the outstanding principal balance of all loans and
other assets serviced for others, rounded to the nearest
FR Y-11
Memoranda

thousand. Include those loans for which the reporting
subsidiary has purchased the servicing rights and those
which the reporting subsidiary has originated and sold,
but for which it has retained servicing. Exclude loans and
other assets that have been securitized and sold without
recourse with servicing retained and report in item 3
below.

March 2011

Line Item 3 Loans and other assets that have been
securitized and sold without recourse with servicing
retained (year-to-date).
Report the total amount outstanding of loans and other
assets included in packages of asset-backed securities
which the subsidiary has transferred in transactions that
qualify as sales without recourse for which the servicing
of the loans has been retained. Include loans securitized
and sold year-to-date.
Line Item 4

Investments in other companies.

Report the amount of the subsidiary’s investments in the
stock of unconsolidated subsidiaries, associated companies, corporate joint ventures, unincorporated joint ventures, and general partnerships over which the respondent
exercises significant influence; and noncontrolling investments in certain limited partnerships and limited liability
companies (as described in the FR Y-9C Glossary entry
for ‘‘equity method of accounting’’) collectively referred
to as ‘‘investees’’ (reported in BS, item 9). 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. Under the equity method, the
carrying value of the subsidiary’s investment in the
common stock of an investee is originally recorded at
cost but is adjusted periodically to record as income the
subsidiary’s proportionate share of the investee’s earnings or losses and decreased by the amount of any cash
BS-M-1

Schedule BS-M

dividends received from the investee and by the amount
of amortized goodwill.

Line Item 6 Assets held in trading accounts
(excluding trading account balances with related
organizations).

Line Item 5

Subsidiaries that regularly underwrite or deal in securities and other assets for resale or that acquire securities
and other assets with the intent to resell in order to profit
from short-term price movements shall report in items
6(a) through 6(g) the value of such assets. Consistently
value assets held in trading accounts at fair value.
Exclude the carrying value of any available-for-sale
securities or of any loans or leases that are held for sale.
Exclude all trading account balances with related institutions, and report in Schedule BS, Item 9, “Balances due
from related institutions, gross” or Schedule BS, Item 16,
“Balances due to related institutions, gross.” Refer to the
FR Y-9C instructions and glossary for further information.

Intangible assets.

Report the cost of intangible assets (included in Schedule BS, item 7). Such intangibles may arise from the
following:
(1) Business combinations accounted for under the purchase method in accordance with ASC Topic 805,
Business Combinations (formerly FASB Statement
No. 141(R), Business Combinations), and
(2) Acquisitions of portions or segments of another
institution’s business, such as branch offices, mortgage servicing portfolios, and credit card portfolios.
Report goodwill in item 5(a), mortgage servicing assets
in item 5(b) and all other identifiable intangible assets in
item 5(c).
Line Item 5(a)

Goodwill.

Report the carrying amount (book value) of goodwill.
Goodwill represents the excess of the cost of a company over the sum of the fair values of the tangible assets
and identifiable intangible assets acquired less the fair
value of liabilities assumed in a business combination
accounted for as a purchase.
Line Item 5(b)

Mortgage servicing assets.

Report the carrying value of mortgage servicing assets,
i.e., the cost of acquiring contracts to service loans
secured by real estate that have been securitized or are
owned by another party, net of any related valuation
allowances. Exclude servicing assets resulting from contracts to service financial assets other than loans secured
by real estate. Report nonmortgage servicing assets in
item 5(c), ‘‘All other identifiable intangible assets.’’
Line Item 5(c)

All other identifiable intangibles.

Report the amount of all other specifically identifiable
intangible assets such as purchased credit card relationships, core deposit intangibles, and favorable leasehold
rights. Also include servicing assets other than mortgage
servicing assets.
BS-M-2

Line Item 6(a)
its agencies.

Securities of U.S. government and

Report the fair value of securities issued by the U.S.
government and all other U.S. government agencies and
official institutions thereof.
Line Item 6(b) Securities of all foreign
governments. and official institutions.
Report the fair value of all debt securities issued by
foreign governments (central, state, provincial and local),
including their ministries, departments and agencies.
Refer to the FR Y-9C glossary for the definition of
“foreign government.” Exclude bankers’ acceptances
accepted by the reporting subsidiary and held in its
trading account when the account party is a foreign
government or official institution. Also exclude securities
issued by nonbank corporations and enterprises which
are foreign-government-owned.
Line Item 6(c)

Equity securities.

Report the fair value of all equity securities held in the
subsidiary’s trading account. Exclude:
(1) Equity securities that have been purchased for investment or acquired for debts previously contracted.
(2) Equity securities that do not have readily determinable fair values (report such securities at historical
cost in Schedule BS, item 7, “All other assets”).
Schedule BS-M

FR Y-11
September 2011

Schedule BS-M

Line Item 6(d)
debentures.

Corporate bonds, notes, and

Report the total value of debt securities issued by corporations.
Line Item 6(e) Revaluation gains on interest rate,
foreign exchange rate, and other commodity and
equity contracts.
Report the amount of revaluation gains (that is, assets)
from the “marking to market” of interest rate, foreign
exchange rate, and other off-balance-sheet commodity
and equity contracts held for trading purposes (in compliance with ASC Subtopic 210-20, Balance Sheet – Offsetting (formerly FASB Interpretation No. 39, Offsetting of
Amounts Related to Certain Contracts). Refer to the FR
Y-9C instructions for further information.
Line Item 6(f)

Loans.

Report the fair value of all loans held for trading reported
in Schedule BS, item 4.
Line Item 6(f)(1)
or more.

Loans that are past due 90 days

Line Item 6(f)(1)(a)

Line Item 7(a)

Line Item 6(f)(1)(b)

Accrued interest receivable.

Report the amount of interest, commissions, and other
income earned or accrued on loans, securities, and other
earning assets and applicable to current or prior periods
that has not yet been collected.
Line Item 7(b)

Prepaid expenses.

Report the amount of all expenses prepaid and applicable
as a charge against operations in future periods.
Line Item 7(c)

Net deferred tax assets.

Report the cumulative tax effect of all deductible temporary differences, operating loss carryforwards, and tax
credit carryforwards in accordance with GAAP. Report
the net amount after offsetting deferred tax assets (net of
valuation allowance) and net 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 item 12(b), ‘‘Net deferred tax liabilities.’’
Accounts receivable.

Report the amount owed to the subsidiary in the form of
regular accounts or written promissory notes to be collected in the future arising from the sale of goods and
services. Exclude notes with a maturity of more than one
year.

Fair value.

Report the total fair value of all loans held for trading
included in item 6(f) that are past due 90 days or more as
of the report date.
Unpaid principal balance.

Report the total unpaid principal balance of all loans held
for trading included in item 6(f) that are past due 90 days
or more as of the report date.
Other (including commercial

Report the total value of all assets held in trading
accounts that cannot be properly reported in items 6(a)
through 6(f). Include certificates of deposit, bankers’
acceptances, and commercial paper.
FR Y-11
Schedule BS-M

Other assets (included in Schedule BS,

Line Item 7(d)

Report in the appropriate subitem the total fair value and
unpaid principal balance of all loans held for trading
included in item 6(f) that are past due 90 days or more as
of the report date.

Line Item 6(g)
paper).

Line Item 7
item 7).

September 2011

Line Item 8

Earning assets.

Report the total of all assets that the subsidiary considers
earning assets. Earning assets generally include interestbearing balances due from depository institutions; securities; federal funds sold and securities purchased under
agreements to resell; loans and leases, net of unearned
income; and assets held in trading accounts.
Line Item 9 Balances due from related
institutions, gross (included in Schedule BS, item 9).
Report all balances due from the bank holding company
(parent companies only) in item 9(a); all balances due
from subsidiary banks of the bank holding company in
item 9(b); and all balances due from other nonbank
subsidiaries of the bank holding company, in item 9(c),
gross.
BS-M-3

Schedule BS-M

Line Item 9(a) Balances due from bank holding
company (parent companies only), gross.
Include all balances (including loans and lease financing
receivables) held by the nonbank subsidiary due from the
bank holding company (parent companies only) on a
gross basis. If the respondent bank holding company is a
multi-tiered bank holding company, include balances
due from the direct and indirect parent bank holding
companies at any level in the organization. Exclude all
balances due to the bank holding company (parent companies only) and include in item 13(a).
Line Item 9(b) Balances due from subsidiary
banks of the bank holding company, gross.
Include all balances, on a gross basis, held by the
nonbank subsidiary due from direct or indirect banking
subsidiaries of the respondent’s bank holding company.
Exclude all balances due to subsidiary banks of the
respondent’s bank holding company and their subsidiaries from this item and include in item 13(b).
Line Item 9(c) Balances due from other nonbank
subsidiaries of the bank holding company, gross.
Include all balances, on a gross basis, held by the
nonbank subsidiary due from other nonbank subsidiaries
of the respondent’s bank holding company, including the
balances due from the subsidiaries of the reporting
nonbank subsidiary. Exclude the amount of the subsidiary’s investment in the stock of unconsolidated subsidiaries and associated companies and include in item 4.
Exclude all balances due to other nonbank subsidiaries of
the respondent’s bank holding company and include in
item 13(c).
Line Item 10

Commercial paper issued.

Report the total amount outstanding of commercial paper
issued by the reporting subsidiary included in Schedule BS, item 12. Exclude commercial paper held by
related institutions.
Line Item 11
year.

Borrowings that reprice within one

Report all borrowings included in Schedule BS, item 13,
including subordinated debt, that have a remaining maturity of more than one year but have a repricing frequency
of less than once a year. Exclude mortgage indebtedness
and obligations under capitalized leases and limited-life
BS-M-4

preferred stock and related surplus reported in Schedule
BS, item 13. 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 of the next rate change.
However, a subsidiary may choose to continue reporting
its floating rate long-term debt 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, provided that the consolidated bank
holding company reports in the same manner. In addition,
a subsidiary may choose to report its long-term debt that
can be repaid in more than one payment on the basis of
its scheduled contractual payments if the consolidated holding company reports in the same manner.
A subsidiary continuing to report the floating rate debt by
the earliest repricing opportunity and the multipayment
debt on the basis of contractual payments should include:
(1) the dollar amount of floating or variable rate long
term 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.
(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.
Exclude commercial paper and other borrowings that
have a remaining maturity of one year or less.
Line Item 12 Other liabilities (included in Schedule BS, item 14).
Line Item 12(a)

Expenses accrued and unpaid.

Report the amount of interest on deposits, interest on
nondeposit liabilities, income taxes, and other expenses
accrued through charges to expense during the current or
prior periods, but not yet paid or credited to a deposit
account.
Line Item 12(b)

Net deferred tax liabilities.

Report the cumulative tax effect of all taxable temporary
differences, in accordance with GAAP. Report the net
Schedule BS-M

FR Y-11
September 2011

Schedule BS-M

amount after offsetting deferred tax assets and net
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 item 7(c), ‘‘Net
deferred tax assets.’’
Line Item 12(c)

Accounts payable.

Report the amount due from the reporting subsidiary for
the purchase of goods and services.
Line Item 13 Balances due to related institutions,
gross (included in Schedule BS, item 16).
Report all balances due to the bank holding company
(parent companies only) in item 13(a); all balances due to
subsidiary banks of the bank holding company in
item 13(b); and all balances due to other nonbank
subsidiaries of the bank holding company in item 13(c),
gross.
Line Item 13(a) Balances due to the bank holding
company (parent companies only), gross.
Report all balances held by the nonbank subsidiary due to
the bank holding company (parent companies only) on a
gross basis. If the respondent bank holding company is a
multi-tiered bank holding company, include balances due
to the direct and indirect parent bank holding companies
at any level in the organization. Exclude all such balances
due from the bank holding company (parent companies
only) from this item and include in item 9(a) above.
Line Item 13(b) Balances due to subsidiary banks
of the bank holding company, gross.
Include in this item all balances, on a gross basis, held by
the nonbank subsidiary due to banks that are controlled,
directly or indirectly, by the respondent’s bank holding

FR Y-11
Schedule BS-M

September 2011

company. Exclude all balances due from subsidiary
banks of the respondent’s bank holding company and
their subsidiaries and include in item 9(b).
Line Item 13(c) Balances due to other nonbank
subsidiaries of the bank holding company, gross.
Include all balances, on a gross basis, held by the
nonbank subsidiary due to other nonbank subsidiaries
of the respondent’s bank holding company. Exclude all
balances due from other nonbank subsidiaries of the
respondent’s bank holding company and include in
item 9(c).
Line Item 14 Perpetual preferred stock and
related surplus.
Report the amount of perpetual preferred stock issued
including any amounts received in excess of its par stated
value included in Schedule BS, item 18(a).
Line Item 15 Assets sold with recourse.
Report the principal balance outstanding as of the report
date of all financial assets that have been sold with
recourse in accordance with generally accepted accounting principles. Report the outstanding principal balance
as of the report date for residential mortgage loans that
have been pooled and that (1) have been transferred with
recourse in transactions reported as sales in accordance
with generally accepted accounting principles or (2) have
been swapped with recourse with FNMA or FHLMC in
exchange for participation certificates that the subsidiary
has either sold or carries as assets in Schedule BS, item 2,
‘‘Securities’’ or Schedule BS, item 4, ‘‘Trading assets.’’
Also report the principal balance outstanding, as of the
report date, of any sales of assets and loans (other than
mortgages) that were sold with recourse but were reported
as ‘‘sales’’ of assets on the subsidiary’s balance sheet in
accordance with generally accepted accounting principles and the guidelines above.

BS-M-5

Notes to the
Financial Statements

This section has been provided to allow bank holding companies the opportunity to provide additional explanations of the content of specific items in the
subsidiary’s financial statements. The reporting bank holding company should
include any transactions reported on the subsidiary’s financial statements that it
wishes to explain that are material in amount and cannot be disclosed
separately in the existing line items.
Report in the space provided the financial statement 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-11
Notes to the Financial Statements

March 2007

Notes-1

Validity (V) Edits for the FR Y-11
(Effective as of March 31, 2011)
Series
FRY11

Effective
Start Date
20090331

Effective End Edit
Date
Change
99991231
Added

Schedule

Edit Type

Cover Page Validity

FRY11

20110331

99991231

Added

Cover Page Validity

FRY11

20091231

99991231

Added

Cover Page Validity

FRY11

20080331

99991231

No Change IS

Validity

Each edit in the checklist must balance, rounding errors are not allowed.
Edit
Target Item
MDRM
Edit Test
Number
Number
0100
FC
BHCS6909 For December, the filing code must equal "1" for an
annual reporter or "2" for a quarterly reporter.
0101
FC
BHCS6909 If quarter equals March, June, or September, then the
filing code must equal null.
0120
NUMRPTS
BHCSJ444 The number of reports attested to under this
signature must be greater than or equal to 1.
0150
IS-1c
BHCS4107 Sum of IS-1a and IS-1b must equal IS-1c.

Alg Edit Test
if mm-q1 eq 12 then bhcs6909 eq 1 or bhcs6909 eq 2
if (mm-q1 eq 03 or mm-q1 eq 06 or mm-q1 eq 09)
then bhcs6909 eq null
bhcsj444 ge 1
(bhcsa028 + bhcsa029) eq bhcs4107

FRY11

20080331

99991231

No Change IS

Validity

0160

IS-2c

BHCS4073

Sum of IS-2a and IS-2b must equal IS-2c.

(bhcsa030 + bhcsa031) eq bhcs4073

FRY11

20080331

99991231

No Change IS

Validity

0170

IS-3

BHCS4074

IS-1c minus IS-2c must equal IS-3.

(bhcs4107 - bhcs4073) eq bhcs4074

FRY11

20080331

99991231

No Change IS

Validity

0175

IS-4

BHCS4230

IS-B4 must equal IS-4.

bhct4230 eq bhcs4230

FRY11

20080331

99991231

No Change IS

Validity

0180

IS-5c

BHCS4079

Sum of IS-5a1 through IS-5b must equal IS-5c.

FRY11

20080331

99991231

No Change IS

Validity

0190

IS-7c

BHCS4093

Sum of IS-7a and IS-7b must equal IS-7c.

(bhcs4070 + bhcs4080 + bhcsa220 + bhcsb490 +
bhcsb491 + bhcsb492 + bhcsb493 + bhcsb494 +
bhcsc887 + bhcsb497 + bhcs4619) eq bhcs4079
(bhcsa034 + bhcsc376) eq bhcs4093

FRY11

20080331

99991231

No Change IS

Validity

0200

IS-8

BHCS3631

FRY11

20080331

99991231

No Change IS

Validity

0210

IS-12

BHCS4340

Sum of IS-3, IS-5c, and IS-6 minus IS-4 and IS-7c must
equal IS-8.
Sum of IS-8, IS-10, and IS-11 minus IS-9 must equal IS12.
IS-A2 must equal IS-12.

(bhcs4074 + bhcs4079 + bhcs4091 - bhcs4230 bhcs4093) eq bhcs3631
(bhcs3631 + bhcs4320 + bhcs3147 - bhcs4302) eq
bhcs4340
bhct4340 eq bhcs4340

Sum of IS-A1, IS-A2, IS-A3, IS-A5 and IS-A6 minus ISA4 must equal IS-A7.
Sum of IS-B1, IS-B2, IS-B4, and IS-B5 minus IS-B3 must
equal IS-B6.
BS-A6 must equal BS-3a.

(bhcs3217 + bhct4340 + bhcsa035 + bhcsb511 +
bhcs3581 - bhcs4598) eq bhct3210
(bhcs3124 + bhcs4605 + bhct4230 + bhcs4815 bhcsc079) eq bhct3123
bhct2122 eq bhcs2122

FRY11

20080331

99991231

No Change IS

Validity

0230

IS-12

BHCS4340

FRY11

20080331

99991231

No Change IS-A

Validity

0240

IS-A6

BHCS3581

FRY11

20080331

99991231

No Change IS-B

Validity

0260

IS-B5

BHCS4815

FRY11

20080331

99991231

No Change BS

Validity

0270

BS-3a

BHCS2122

FRY11

20080331

99991231

No Change BS

Validity

0280

BS-3b

BHCS3123

IS-B6 must equal BS-3b.

bhct3123 eq bhcs3123

FRY11

20080331

99991231

No Change BS

Validity

0290

BS-3c

BHCS2125

BS-3a minus BS-3b must equal BS-3c.

(bhcs2122 - bhcs3123) eq bhcs2125

FRY11

20080331

99991231

No Change BS

Validity

0300

BS-8

BHCSC377

Sum of BS-1 through BS-2b and BS-3c through BS-7
must equal BS-8.

(bhcs0010 + bhcs1754 + bhcs1773 + bhcs2125 +
bhcs3545 + bhcs2145 + bhcs2150 + bhcs1724) eq
bhcsc377
(bhcsc377 + bhcsc378) eq bhcs2170

FRY11

20080331

99991231

No Change BS

Validity

0310

BS-10

BHCS2170

Sum of BS-8 and BS-9 must equal BS-10.

FRY11

20080331

99991231

No Change BS

Validity

0320

BS-15

BHCSA012

Sum of BS-11 through BS-14 must equal BS-15.

FRY11

20080331

99991231

No Change BS

Validity

0330

BS-17

BHCS2948

Sum of BS-15 and BS-16 must equal BS-17.

FRY11

20080331

99991231

No Change BS

Validity

0340

BS-18g

BHCS3210

Sum of BS-18a through BS-18f must equal BS-18g.

(bhcs3548 + bhcsc379 + bhcs1729 + bhcs2750) eq
bhcsa012
(bhcsa012 + bhcsc380) eq bhcs2948

FRY11

20080331

99991231

No Change BS

Validity

0350

BS-18g

BHCS3210

IS-A7 must equal BS-18g.

(bhcs3230 + bhcs3240 + bhcs3247 + bhcsb530 +
bhcsf033 + bhcsa130) eq bhcs3210
bhct3210 eq bhcs3210

FRY11

20080331

99991231

No Change BS

Validity

0360

BS-19

BHCS3300

Sum of BS-17 and BS-18g must equal BS-19.

(bhcs2948 + bhcs3210) eq bhcs3300

FRY11

20080331

99991231

No Change BS

Validity

0370

BS-19

BHCS3300

BS-19 must equal BS-10.

bhcs3300 eq bhcs2170

FRY11

20080331

99991231

No Change BS-A

Validity

0390

BS-A5

BHCSA017

Sum of BS-A1 through BS-A5 must equal BS-A6.

(bhcs1410 + bhcs3622 + bhcs3623 + bhcs1975 +
bhcsa017) eq bhct2122

MARCH 2011

FR Y-11: CHK-1 of 1

Validity (V) Edits for the FR Y-11S
(Effective as of December 31, 2011)
Series

Effective
Start Date
FRY11S 20081231

Effective End Edit
Schedule
Date
Change
99991231
No Change FS

Edit Type

FRY11S 20091231

99991231

DECEMBER 2011

Added

Cover Page

Validity

Edit
Target Item
Number
0100
FS-5

MDRM
Number
BHCSF822

Validity

0120

BHCSJ444

NUMRPTS

Edit Test

Alg Edit Test

FS-5 must equal "1" (yes) or "0" (no).

bhcsf822 eq 1 or bhcsf822 eq 0

Number of reports attested to under this signature
must be greater than or equal to 1

bhcsj444 ge 1

FR Y-11S: CHK-1 of 1