Get the free FR Y6 OMB Number 71000297 Approval expires December 31, 2014 Page 1 of2 Board of Gov...

FR Y6 OMB Number 71000297 Approval expires December 31, 2014-Page 1 of2 Board of Governors of the Federal Reserve System Annual Report of Bank Holding Companies FR Y6 Report at the close of business

How to fill out fr y6 omb number

How to fill out FR Y-6 OMB number?

1. Obtain the FR Y-6 form: Start by acquiring the FR Y-6 form, which is a reporting form required by the Federal Reserve to collect data on the financial condition and activities of state member banks.
2. Review the instructions: Before you begin filling out the FR Y-6 form, carefully review the instructions provided by the Federal Reserve. The instructions will guide you through each section of the form and provide important information on what data should be reported.
3. Provide institution details: Begin by filling out the institution details section, which includes information such as the name and address of the state member bank, as well as its charter number and year established.
4. Report consolidated financial data: The FR Y-6 form requires consolidated financial data, so make sure to gather all the necessary financial statements, including balance sheets, income statements, and cash flow statements. Transfer the relevant information accurately to the corresponding sections of the form.
5. Include information on holding companies: If the state member bank is part of a bank holding company, you will need to provide details about the holding company's financial condition and activities as well. This information can also be included in the relevant sections of the FR Y-6 form.
6. Report off-balance sheet activities: The FR Y-6 form also requires disclosure of off-balance sheet activities, such as guarantees and derivative contracts. Provide accurate information on these activities and ensure compliance with the reporting requirements.
7. Complete other sections: Apart from financial data, the FR Y-6 form may include sections related to activities like foreign banking operations, subsidiaries, and management. Fill out these sections accordingly, following the instructions provided.

Who needs FR Y-6 OMB number?

1. State member banks: FR Y-6 OMB number is required by state member banks, which are banks that have chosen to join the Federal Reserve System and are subject to its regulations. These banks must file the FR Y-6 form to provide the Federal Reserve with information on their financial condition and activities.
2. Bank holding companies: If the state member bank is part of a bank holding company, the holding company may also need to file the FR Y-6 form to report consolidated financial data and other relevant information.
3. Regulators and policymakers: The FR Y-6 form serves as a valuable source of information for regulators and policymakers, allowing them to monitor the financial health of state member banks and make informed decisions regarding banking regulations and policies.

Overall, anyone involved in the operations, management, or oversight of state member banks and bank holding companies may need the FR Y-6 OMB number to ensure compliance with reporting requirements and provide accurate data to the Federal Reserve.

For pdfFiller’s FAQs

What is fr y6 omb number?

FR Y-6 OMB number is the unique control number assigned by the Office of Management and Budget to the financial institutions of the Federal Reserve System.

Who is required to file fr y6 omb number?

Financial institutions that are regulated by the Federal Reserve System are required to file FR Y-6 OMB number.

How to fill out fr y6 omb number?

FR Y-6 OMB number can be filled out online through the designated portal provided by the Federal Reserve System.

What is the purpose of fr y6 omb number?

The purpose of FR Y-6 OMB number is to collect financial information from regulated financial institutions to ensure compliance with regulatory requirements and to assess the financial condition of these institutions.

What information must be reported on fr y6 omb number?

FR Y-6 OMB number requires financial institutions to report detailed financial information, including balance sheets, income statements, and other relevant data.

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