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This document is the Annual Report of Holding Companies, which is essential for top-tier bank holding companies, savings and loan holding companies, and U.S. intermediate holding companies to report their details to the Federal Reserve, as mandated by laws including the Bank Holding Company Act and the Dodd-Frank Act.
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The FR Y-6 is a report that financial holding companies must submit to the Federal Reserve, which includes information about their organizational structure, shareholders, and financial condition.
Financial holding companies, including bank holding companies that are registered under the Bank Holding Company Act, are required to file the FR Y-6.
To fill out the FR Y-6, organizations must gather required data such as information about the company's structure, ownership, and financial metrics, and then complete the designated forms using the instructions provided by the Federal Reserve.
The purpose of the FR Y-6 is to collect consistent information that helps the Federal Reserve monitor the financial condition and risk profile of financial holding companies.
The FR Y-6 requires reporting of information such as the company's organizational chart, ownership details, and other relevant financial data, including consolidated financial statements.
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