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FR Y6 0MB Number 71000297 Approval expires November 30, 2025 Page 1 of3Board of Governors of the Federal Reserve System . ...:Q:Annual Report of Holding CompaniesFR Y6Report at the close of business
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Features and benefits refer to the specific attributes of a product or service and the advantages those features provide to the customer.
Typically, businesses or organizations that are developing new products or services need to file features and benefits documentation to inform stakeholders.
To fill out features and benefits, list the main features of the product or service, followed by a description of the benefits each feature provides.
The purpose of features and benefits documentation is to clearly communicate the value of a product or service to consumers, helping to drive sales and inform marketing strategies.
Information that must be reported includes the product or service features, the associated benefits, target audience, and any relevant statistics or comparisons.
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