Recordkeeping FR Y-9LP

(2) when the investment is in common stock, the parent’s proportionate share in the earnings or losses
(net of preferred dividends) of subsidiaries and associated companies since the date of their acquisition,
less common stock dividends declared or paid;

right-of-use assets

The amount reported for this item should equal the sum
of Schedule PC-A, items 1(a)(1) through 3(b)(2).
Line Item 6 Premises and fixed assets (including
capitalized leases).
Report the book value, less depreciation, of all premises,
furniture, fixtures, and equipment purchased directly or
acquired by means of a capital lease. Exclude real estate
owned other than company premises. Such real estate is
to be reported in item 8, ‘‘Other assets.’’
Line Item 7 Intangible assets (other than reported
in item 5 above).

R
AF

(3) any advances made to, and other receivables due
from, direct and indirect subsidiaries and associated
companies (including those taking the form of loans
and holdings of their bonds and debentures). Investments in the common stock of investees shall be
reported using the equity method of accounting in
accordance with GAAP. Under the equity method,
the carrying value of the holding company’s investment in the common stock of an investee is originally
recorded at cost but is adjusted periodically to record
as income the holding company’s proportionate share
of the investee’s earnings or losses and decreased by
the amount of any cash dividends received from the
investee and amortization of goodwill.

the joint venturers. Each joint venturer may participate,
directly or indirectly, in the management of the joint
venture. An entity that is a majority-owned subsidiary of
one of the joint venturers is not a corporate joint venture.

T

Schedule PC

Also, report right-of-use (ROU) assets
accounted for in accordance with ASC
Topic 842. For more information, see the
"Lease Accounting" Glossary entry in the
FR Y-9C instructions.

D

For bank holding companies the term ‘‘subsidiary’’ is
defined by section 2(d) of the Bank Holding Company
Act and under Section 225.2 of Federal Reserve Regulation Y, which includes companies 25 percent or more
owned or controlled by another company and may
include companies less than 25 percent owned, if the
Board determined that they are controlled by the holding
company. For savings and loan holding companies the
term ‘‘subsidiary,’’ is defined by Section 238.2 of Federal Reserve Regulation LL, which generally includes
companies more than 25 percent owned or controlled by
another company. However, for purposes of the Parent
Company Only Financial Statements for Holding Companies, a subsidiary is a company in which the parent
holding company directly or indirectly owns more than
50 percent of the outstanding voting stock.
An associated company is a corporation in which the
holding company, directly or indirectly, owns 20 to
50 percent of the outstanding voting stock and over
which the holding company exercises significant influence. This 20 to 50 percent ownership is presumed to
carry ‘‘significant’’ influence unless the holding company
can demonstrate the contrary to the satisfaction of the
Federal Reserve.
A corporate joint venture is a corporation owned and
operated by a group of companies (‘‘joint venturers’’), no
one of which has a majority interest, as a separate and
specific business or project for the mutual benefit of
PC-4

Report in the appropriate subitem the amount of intangible assets. Include in this item intangible assets that are
not properly reported as part of investments in subsidiaries (to be reported in item 5 above). Such intangibles
may arise from acquisitions of portions or segments of
another institution’s business, such as branch offices,
mortgage servicing portfolios, and credit card portfolios.
Intangible assets primarily result from business combinations accounted for under the purchase method in accordance with ASC Topic 805, Business Combinations
(formerly FASB Statement No. 141 (revised 2007) Business Combinations), that relate to the acquisition of a
subsidiary should be reflected in Schedule PC-A.
Purchase acquisition—In a purchase acquisition the
assets and liabilities of the acquired business must be
recorded on the books of the combined holding company
at their fair value. The fair value of an asset is generally
its market or appraised value and liabilities are generally
valued on a present value basis. Therefore, to the extent
possible, the cost of the acquisition is allocated to each
identifiable asset or liability being acquired or assumed.
Identifiable assets may be tangible (such as securities or
fixed assets) or intangible (such as service contracts or
the estimated value of certain deposit relationships as
recognized by the Federal Reserve). Any excess of the
cost of the acquisition over the net fair value of the
identifiable assets and liabilities acquired or assumed is
purchased goodwill.
In a purchase acquisition, the historical equity capital
balances of the acquired business are not to be carried
Schedule PC

FR Y-9LP
March 2013

March 2026

Schedule PC
(4) through mortages,
liens, or other
encumbrances on
premises(6)
andbyfixed
selling assets that the reporting holding company
assets and other
or itsreal
consolidated subsidiaries do not own, i.e., sell
estate owned;
short; and

(3) lease liabilities
for operating leases
(report in Schedule
9 (8) on any other obligationPC,
17).
withitem
a remaining
maturity

(7) on any other obligation for the purpose of borrowing
money that has a remaining maturity of one year or
less and that is not reported elsewhere.

NOTE: When the parent holding company has explicitly
or implicitly guaranteed the long-term debt of its
Employee Stock Ownership Plan (ESOP), report in this
item the dollar amount outstanding of the long-term debt
guaranteed.

(1) subordinated notes and debentures (report in Schedule
PC, item 16).
(2) securities sold under agreements to repurchase (report
in item 12 above).

through lease
liabilities for finance
Line Item 14 Other
leases;borrowed money with a

(1) securities sold under agreements to repurchase (report
in Schedule PC, item 12);
(2) subordinated notes and debentures (report in Sched;
ule PC, item 16).

Line Item 15 Not applicable.
Line Item 16 Subordinated notes and debentures
(includes limited-life preferred stock and related
surplus).

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remaining maturity of more than one year.

Exclude from this item:

T

Exclude from this item:

of more than one year for the purpose of borrowing
money not reported elsewhere.

For purposes of this item, remaining maturity is the
amount of time remaining from the report date until final
contractual maturity of a borrowing without regard to the
borrowing’s repayment schedule, if any.
Report the total amount of money borrowed by the
reporting holding company with a remaining maturity of
more than one year:
(1) on its promissory notes;

(2) on notes and bills rediscounted (including commodity drafts rediscounted);

D

(3) on mortgages, liens, or other encumbrances on premises and fixed assets and on other real estate owned
for which the reporting holding company is liable. If
the holding company is the lessee on capitalized
lease property, include the holding company’s liability for capitalized lease payments;

5 (4) on loans sold under repurchase agreements that
mature in more than one business day;
6 (5) by the creation of due bills representing the holding
of payment and similar instruments, whether collateralized or uncollateralized;
7 (6) by overdrawing ‘‘due from’’ balances with depository institutions (borrowing created by overdrawing
‘‘due from’’ balances with related depository institutions should be reported in item 18).
8 (7) by selling assets that the reporting holding company
does not own; and
FR Y-9LP
Schedule PC

March 2022

March 2026

Report the amount of subordinated debt of the reporting
holding company. A subordinated note or debenture is a
form of debt issued by a holding company. When issued
by a holding company, a subordinated note or debenture
is a form of unsecured long-term debt that is subordinated to other debt of the consolidated holding company.
Include in this line item the total amount of outstanding
equity contract notes and equity commitment notes that
qualify as capital, as defined by the Federal Reserve
Board’s capital adequacy guidelines, 12 C.F.R., Part 225,
Appendix B.
For purposes of this item, also report the amount of any
outstanding limited-life preferred stock including any
amounts received in excess of its par or stated value.
Limited-life preferred stock is preferred stock that has a
stated maturity date or that can be redeemed at the option
of the holder. It excludes those issues of preferred stock
that automatically convert into perpetual preferred stock
or common stock at a stated date.

For purposes of this report, do not include instruments
generally referred to as trust preferred securities that
were issued out of special purpose entities. Such instruments should be reported in item 18 below, generally in
item 18(b), ‘‘Balances due to nonbank subsidiaries.’’
Line Item 17 Other liabilities.
Report expenses accrued and unpaid, deferred income
taxes (if credit balance), and all other liabilities that
PC-7

Schedule PC

(6) by selling assets that the reporting holding company
or its consolidated subsidiaries do not own, i.e., sell
short; and

(8) on any other obligation with a remaining maturity
of more than one year for the purpose of borrowing
money not reported elsewhere.

(7) on any other obligation for the purpose of borrowing
money that has a remaining maturity of one year or
less and that is not reported elsewhere.

NOTE: When the parent holding company has explicitly
or implicitly guaranteed the long-term debt of its
Employee Stock Ownership Plan (ESOP), report in this
item the dollar amount outstanding of the long-term debt
guaranteed.

(1) subordinated notes and debentures (report in Schedule
PC, item 16).
(2) securities sold under agreements to repurchase (report
in item 12 above).

(1) securities sold under agreements to repurchase (report
in Schedule PC, item 12);
(2) subordinated notes and debentures (report in Schedule PC, item 16).

Line Item 15 Not applicable.
Line Item 16 Subordinated notes and debentures
(includes limited-life preferred stock and related
surplus).

R
AF

Line Item 14 Other borrowed money with a
remaining maturity of more than one year.

Exclude from this item:

T

Exclude from this item:

For purposes of this item, remaining maturity is the
amount of time remaining from the report date until final
contractual maturity of a borrowing without regard to the
borrowing’s repayment schedule, if any.
Report the total amount of money borrowed by the
reporting holding company with a remaining maturity of
more than one year:
(1) on its promissory notes;

(2) on notes and bills rediscounted (including commodity drafts rediscounted);

D

(3) on mortgages, liens, or other encumbrances on premises and fixed assets and on other real estate owned
for which the reporting holding company is liable. If
the holding company is the lessee on capitalized
lease property, include the holding company’s liability for capitalized lease payments;
(4) on loans sold under repurchase agreements that
mature in more than one business day;

(5) by the creation of due bills representing the holding
of payment and similar instruments, whether collateralized or uncollateralized;
(6) by overdrawing ‘‘due from’’ balances with depository institutions (borrowing created by overdrawing
‘‘due from’’ balances with related depository institutions should be reported in item 18).
(7) by selling assets that the reporting holding company
does not own; and
FR Y-9LP
Schedule PC

March 2022

Report the amount of subordinated debt of the reporting
holding company. A subordinated note or debenture is a
form of debt issued by a holding company. When issued
by a holding company, a subordinated note or debenture
is a form of unsecured long-term debt that is subordinated to other debt of the consolidated holding company.
Include in this line item the total amount of outstanding
equity contract notes and equity commitment notes that
qualify as capital, as defined by the Federal Reserve
Board’s capital adequacy guidelines, 12 C.F.R., Part 225,
Appendix B.
For purposes of this item, also report the amount of any
outstanding limited-life preferred stock including any
amounts received in excess of its par or stated value.
Limited-life preferred stock is preferred stock that has a
stated maturity date or that can be redeemed at the option
of the holder. It excludes those issues of preferred stock
that automatically convert into perpetual preferred stock
or common stock at a stated date.

For purposes of this report, do not include instruments
generally referred to as trust preferred securities that
were issued out of special purpose entities. Such instruments should be reported in item 18 below, generally in
item 18(b), ‘‘Balances due to nonbank subsidiaries.’’
Line Item 17 Other liabilities.
Report expenses accrued and unpaid, deferred income
taxes (if credit balance), and all other liabilities that
PC-7

Schedule PC
Also, include lease
liabilities for
operating leases.

Line Item 18 Balances due to subsidiaries and
related institutions.
Report in this item all balances due to institutions related
to the parent holding company, including short- and
long-term borrowings, accrued interest payable, taxes
payable, and any other liabilities due to related institutions.

Balances due to subsidiary holding companies are to be
reported in item 18(c).
Line Item 18(c) Balances due to related holding
companies.
This item is to be reported only by tiered holding
companies. Report in this item all balances due to
subsidiary holding companies.

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AF

Related institutions, for purposes of this item, consist of
direct and indirect subsidiaries of the reporting parent
holding company, both bank and nonbank. Where the
holding company is a multi-tier organization, ‘‘related
institutions’’ include subsidiary holding companies and
their direct and indirect subsidiaries.

When the reporting holding company is a top-tier holding
company, this item should include only those transactions made directly by the reporting parent company with
direct or indirect nonbank subsidiaries. When the reporting holding company is a lower-tier holding company,
this item should include all balances due to related
nonbank subsidiaries, i.e., balances due to nonbank subsidiaries directly or indirectly owned or controlled by the
top-tier holding company.

T

cannot properly be reported in Schedule PC, items 11
through 16. Exclude balances due to subsidiaries and
related institutions (reported in Schedule PC, items 18(a),
18(b), or 18(c) below).

When a subsidiary holding company is filing this report,
this item should include all balances due to its parent
company(ies) and the parent’s direct and indirect subsidiaries as well as balances due to the respondent’s direct
and indirect subsidiaries.

In addition, when a subsidiary holding company is filing
this report, this item should include all balances due to its
parent holding company or to any holding company that
is directly or indirectly owned or controlled by the
top-tier holding company.
Line Item 19 Not applicable.

Line Item 18(a) Balances due to subsidiary banks.

D

Report in this item all balances due to a bank that is
directly or indirectly owned or controlled by the top-tier
parent holding company. Exclude balances due to related
nonbank depository institutions, which are to be reported
in item 18(b).
Line Item 18(b) Balances due to nonbank
subsidiaries.

Report in this item all balances due to nonbank subsidiaries that are directly or indirectly owned or controlled by
the reporting parent holding company. In addition, for
purposes of this report, include in this item instruments
generally referred to as trust preferred securities that
were issued out of special purpose entities whereby the
proceeds from the issuance are lent to the reporting
parent company.
For purposes of this item, when the reporting holding
company is a multi-tier organization, nonbank subsidiaries exclude any subsidiary holding companies of the
respondent and the parent company(ies) of the respondent, which are to be reported in item 18(c).
PC-8

Line Item 20 Equity capital.
Line Item 20(a) Perpetual preferred stock
(including related surplus).
Report the aggregate par or stated value of outstanding
perpetual preferred stock plus any amounts received in
excess of its par or stated value. Perpetual preferred stock
is preferred stock that does not have a stated maturity
date or that cannot be redeemed at the option of the
holder. It includes those issues of preferred stock that
automatically convert into common stock at a stated date.
Line Item 20(b) Common stock (par value).
Report the aggregate par or stated value of common stock
issued.
Line Item 20(c) 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. Also include in this
Schedule PC

FR Y-9LP
March 2022

March 2026

Schedule PC-B

ing company. Also include notes payable to special
purpose entities (SPEs) that issue trust preferred stock.

Report the amount of borrowings of subsidiary holding
companies that have been guaranteed (as described
above) by the reporting holding company.

Line Item 5(c) Related holding companies (report
only if a tiered holding company organization is
reporting).

Related holding companies, for purposes of reporting this
item, include any holding company that is 25 percent or
more owned or controlled, directly or indirectly, by the
top-tier holding company owning or controlling the
holding company submitting this FR Y-9LP. Related
savings and loan holding companies, for purposes of
reporting this item, include any savings and loan holding
company that is more than 25 percent owned or controlled, directly or indirectly, by top-tier savings and loan
holding company owning or controlling the holding
company submitting this FR Y-9LP.

Report the amount of borrowings of the reporting parent
holding company from related holding companies and
associated holding companies. The amount reported
should include the related holding companies holding of
debt instruments issued by the reporting parent holding
company.

T

Line Item 4(c) Related holding companies (report
only if a tiered holding company organization is
reporting).

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AF

Related bank holding companies, for purposes of reporting this item, include any bank holding company that
is 25 percent or more owned or controlled, directly or
indirectly, by the top-tier bank holding company owning
or controlling the holding company submitting this FR
Y-9LP. Related savings and loan holding companies, for
purposes of reporting this item, include any savings and
loan holding company that is more than 25 percent
owned or controlled, directly or indirectly, by top-tier
savings and loan holding company owning or controlling
the holding company submitting this FR Y-9LP.

Line Item 5 Borrowings by the parent from
subsidiaries and associated companies (included in
Schedule PC, item 18).

Report in the appropriate subheading below the amount
of outstanding borrowings by the reporting parent holding company from its subsidiaries and associated companies, including holdings of debt instruments issued by the
parent (included in item 18).
Line Item 5(a) Bank.

D

Report the amount of borrowings of the parent holding
company from subsidiary banks and associated banks,
Edge Act and Agreement subsidiaries, and, for purposes
of this report, industrial banks that file the commercial
bank Reports of Condition and Income with the federal
banking agencies. The amount reported should include
the bank subsidiary’s holding of debt instruments issued
by the reporting parent holding company.
Line Item 5(b) Nonbank.

Report the amount of borrowings of the parent company
from nonbank subsidiaries and associated nonbank companies (exclude banks, Edge Act and Agreement subsidiaries, and, for purposes of this report, industrial banks
that file the commercial bank Reports of Condition and
Income with the federal banking agencies). The amount
reported should include the nonbank subsidiary’s holding
of debt instruments issued by the reporting parent holdPC-B-2

Line Item 6 Long-term debt that reprices within
one year.

Report debt issued by the holding company (including
amounts of debt issued by the parent holding company
and held by a related institution) that has a remaining
maturity of more than one year but has a repricing
frequency of less than a year.

finance

Include as long-term debt:
(1) Other borrowed money with a remaining maturity of
more than one year, excluding mortgage indebtedness and obligations under capitalized leases (Schedule PC, item 14);
(2) Mandatory convertible securities (included in Schedule PC, item 16); and
(3) Subordinated notes and debentures (Schedule PC,
item 16).
However, a holding company may choose to continue to
report their floating rate long- term debt by earliest
repricing opportunity if its records provide repricing data
on the length of time between the report date and the date
Schedule PC-B

FR Y-9LP
June 2013

March 2026