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This document is the Annual Report of Holding Companies, submitted in accordance with the law, which outlines the financial performance and structure of Mackinac Financial Corporation as of December 31, 2017. It includes details about the company’s subsidiaries, shareholders owning significant equity, and insights on the management structure.
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How to fill out fr y-6
How to fill out fr y-6
01
Gather necessary financial data for the institution.
02
Obtain the correct FR Y-6 form, which can be found on the Federal Reserve's website.
03
Fill out the institution's name and address in the provided fields.
04
Provide detailed information on the shareholders who own 25% or more of the institution.
05
List the officers and directors along with their titles.
06
Complete the sections on the institution's subsidiaries and other relevant entities.
07
Review all entries for accuracy and completeness.
08
Sign and date the form as required.
09
Submit the completed form by the designated deadline.
Who needs fr y-6?
01
Bank holding companies.
02
Savings and loan holding companies.
03
Foreign banking organizations operating in the U.S.
04
Financial institutions under certain regulatory requirements.
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What is fr y-6?
The FR Y-6 is a financial report used by bank holding companies to provide information about their ownership, structure, and operational characteristics.
Who is required to file fr y-6?
Bank holding companies and certain other financial institutions with significant operations in the U.S. are required to file the FR Y-6.
How to fill out fr y-6?
To fill out the FR Y-6, institutions must gather the required information regarding ownership structure, financial data, and affiliate relationships, and submit the form according to the specified guidelines provided by the Federal Reserve.
What is the purpose of fr y-6?
The purpose of the FR Y-6 is to collect data that helps the Federal Reserve monitor the financial health and organizational structure of bank holding companies.
What information must be reported on fr y-6?
The FR Y-6 requires reporting on ownership structure, directors and officers, control persons, and certain financial data about the holding company.
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