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FR Y-6 Training Call Hosted by Financial Statistics February 22, 2018 FEDERAL RESERVE BANK FR Y-6 Training Call Hosted by Financial Statistics February 22, 2018 FEDERAL RESERVE BANK OF PHILADELPHIA

GENERAL • The FR Y-6 is required to be submitted as of the toptier GENERAL • The FR Y-6 is required to be submitted as of the toptier holding company’s fiscal year-end • Under the Freedom of Information Act (FOIA), Board records generally must be disclosed • Branch Website link – http: //structurelists. federalreserve. gov • Report must be submitted on correct form 2

What Must be Submitted • Each reporting item must be addressed • If NOT What Must be Submitted • Each reporting item must be addressed • If NOT applicable use one of the following: – None – Not Applicable • Do NOT leave the report item blank or exclude any report item(s) 3

Filing Options • Reports are due 90 days after a holding company’s fiscal year Filing Options • Reports are due 90 days after a holding company’s fiscal year end • FR Y-6 – Hard copy (mailed to Financial Statistics dept. ) OR – Reporting Central as PDF – We only require one copy of the report • Branch Verification – As part of FR Y-6 OR – E-mail to phil. financial. [email protected] frb. org 4

Revisions • FR Y-6 Revisions will not be accepted through email – For hard Revisions • FR Y-6 Revisions will not be accepted through email – For hard copies the entire report must be resubmitted (can be through Reporting Central) – A file originally submitted via Reporting Central must be resubmitted in Reporting Central • Branch Verification revisions can be submitted via e-mail 5

Common Errors 6 Common Errors 6

Cover Page • The address is different from FRB database • No URL submitted Cover Page • The address is different from FRB database • No URL submitted for the entity • Not signed and dated by an authorized official 7

Figure #1 Cover Page • Fiscal Year-end date or Legal Entity Identifier (LEI) is Figure #1 Cover Page • Fiscal Year-end date or Legal Entity Identifier (LEI) is omitted Figure #2 • Annual Report indicator is not checked (if applicable) Figure #3 • Confidentiality indicator is left blank 8

For Multi-tiered Holding Companies Only • Subsidiaries listed are not holding companies • Bank For Multi-tiered Holding Companies Only • Subsidiaries listed are not holding companies • Bank information is listed 9

Item 2 A • Organizational Chart – Header (holding company name, city & state, Item 2 A • Organizational Chart – Header (holding company name, city & state, fiscal year ending) – Full legal name, LEI (if assigned), city & state – State of incorporation – Percentage ownership 10

Item 2 B • Branch Listing – “Data Action” column is left blank – Item 2 B • Branch Listing – “Data Action” column is left blank – Any changes made to the BVR require a subsequent FR Y-10 filing to report the change • Branch Website link: http: //structurelists. feder alreserve. gov 11

Items 3 and 4 12 • Headers and correct year-end date • Multi-tier holding Items 3 and 4 12 • Headers and correct year-end date • Multi-tier holding companies must include these items for each holding company

Other Common Errors • Including Sensitive Personal Identifiable Information – Social Security Numbers of Other Common Errors • Including Sensitive Personal Identifiable Information – Social Security Numbers of individuals – Street address of individuals • Including unnecessary SEC Reports (10 K) • Including letters stating documents that were submitted 13

Sensitive Information • Option to exclude names of Minor Children • Use “Minor child” Sensitive Information • Option to exclude names of Minor Children • Use “Minor child” 14

SAMPLES 15 SAMPLES 15

SAMPLES • Typical Examples of Correct Reporting Figure #1 Figure #2 16 SAMPLES • Typical Examples of Correct Reporting Figure #1 Figure #2 16

SAMPLES • Typical Examples of Correct Reporting (con’t) Figure #3 17 SAMPLES • Typical Examples of Correct Reporting (con’t) Figure #3 17

CONFIDENTIALITY REQUESTS 18 CONFIDENTIALITY REQUESTS 18

How to Request • Submit request letter prior to or at same time as How to Request • Submit request letter prior to or at same time as filing in either a letter or via email (not through RC) • Submit two files – Confidential volume • Cover page labeled “Confidential” • Only include those items – Public volume 19 • Include all items with the responses to those items for which confidential treatment is requested should indicate that the responsive data may be found in the confidential volume

Request Details • Request letter must include – The requested items – Justification for Request Details • Request letter must include – The requested items – Justification for the requested treatment – Demonstration of the specific nature of the harm that would result from Public release • FOIA exemptions 4 and 6 may be applicable for requests for confidentiality. For a complete list see the Board’s public web site https: //www. federalreserve. gov/foia/exemptions. htm 20

REPORTING CENTRAL 21 REPORTING CENTRAL 21

Reporting Central • Benefits: – Immediate Submission – Easier Revisions – Better Security – Reporting Central • Benefits: – Immediate Submission – Easier Revisions – Better Security – two factor • Requirements: – Must be credentialed – Need physical token 22 • Files must be PDF

FR Y-6 Files in Reporting Central • Each submission must have a file or FR Y-6 Files in Reporting Central • Each submission must have a file or files that provide a full FR Y-6 • Respondents may choose to separate items among different files • If revisions are necessary only the file with the revised item(s) must be revised, but all files will be part of the submission • Branch verification should only be included once in the submission 23

FR Y-6 File Naming Conventions 24 FR Y-6 File Naming Conventions 24

FR Y-6 File Naming Conventions • • • 25 FRY 6_123456_Full_Initial_Public_20170930_1 of 1 FRY FR Y-6 File Naming Conventions • • • 25 FRY 6_123456_Full_Initial_Public_20170930_1 of 1 FRY 6_123456_Partial_Initial_Confidential_20170930_1 of 3 FRY 6_123456_Full_Revised_Public_20170630_1 of 1 FRY 6_123456_Partial_Revised_Confidential_20170630_2 of 3 Branches_123456_Full_Initial_Public_20170930_1 of 1 Branches_123456_Partial_Initial_Public_20170930_3 of 3

Reporting Central Log-In 26 • https: //www. frbservices. org/centralbank/reporting-central/index. html Reporting Central Log-In 26 • https: //www. frbservices. org/centralbank/reporting-central/index. html

Reporting Central Demo - Initial 27 Reporting Central Demo - Initial 27

Reporting Central Demo - Initial 28 Reporting Central Demo - Initial 28

Reporting Central Demo - Initial 29 Reporting Central Demo - Initial 29

Reporting Central Demo - Initial 30 Reporting Central Demo - Initial 30

Reporting Central Demo - Initial 31 Reporting Central Demo - Initial 31

Reporting Central Demo - Initial 32 Reporting Central Demo - Initial 32

Reporting Central Demo - Revision 33 Reporting Central Demo - Revision 33

Reporting Central Demo - Revision 34 Reporting Central Demo - Revision 34

Reporting Central Credentialing FEDERAL RESERVE BANK OF PHILADELPHIA 35 Reporting Central Credentialing FEDERAL RESERVE BANK OF PHILADELPHIA 35

Representatives (Institution) • Official Authorization List (OAL) – The individuals identified as having the Representatives (Institution) • Official Authorization List (OAL) – The individuals identified as having the authority to execute agreements and transact business with the FRB • End User Authorization Contact (EUAC) – The individuals who are authorized to request credentials/token for Subscribers • Subscriber 36 – The individuals at an organization who are issued a token in order to submit reports through Reporting Central

Representatives (Federal Reserve) • Customer Contact Center (CCC) – Serve as first point of Representatives (Federal Reserve) • Customer Contact Center (CCC) – Serve as first point of contact for institutions for electronic access – Process requests to establish EUAC and Subscriber credentials • Issuing credentials (tokens) and security codes (token passphrase) – Resolve technical and/or access issues, including password reset – CCC contact information: 888 -333 -7010, option 1 • Reporting Central District Contacts – – – 37 First point of contact for all business-related inquiries about RC Provide knowledge of application access and navigation Receive and process RC-1 forms

Credentialing Process High. Level 1. Reporter Engagement – OAL Form – EUAC Form 2. Credentialing Process High. Level 1. Reporter Engagement – OAL Form – EUAC Form 2. Reporter Credentialing – Subscriber Request Form (SRF) 3. Reporter Application Activation – RC-1 Form *It is important that the steps are complete in a sequential manner, as each one is dependent upon the successful completion of its predecessor. 38

1. OAL Forms • Official Authorization List (OAL) Form – Names, titles, and signatures 1. OAL Forms • Official Authorization List (OAL) Form – Names, titles, and signatures of the individuals authorized to transact business and to issue instructions on behalf of the organization • Signed, notarized and mailed to FRB Accounting Dept. • OAL Questions should be directed to the Federal Reserve Bank of Minneapolis – 1 -800 -309 -6156 39

1. Designating EUACs Those who have the authority to designate authorized individuals (Subscribers) who 1. Designating EUACs Those who have the authority to designate authorized individuals (Subscribers) who will transact business via Reporting Central All organizations need to complete a separate (EUAC) form for each individual identified as needing EUAC authority The EUAC forms must be signed by an authorized approver listed on organizations’ OAL Questions about the EUAC form should be directed to the CCC 40 We recommend appointing at a minimum two individuals as End User Authorization Contacts (EUACs)

Who is the EUAC for my organization? • We are not permitted to tell Who is the EUAC for my organization? • We are not permitted to tell respondents who the EUACs are at their organization • If you need to determine who your EUAC is, please contact the CCC contact information: 888 -333 -7010, option 1 41

2. Reporter Credentialing • Once an organization has an OAL and an EUAC they 2. Reporter Credentialing • Once an organization has an OAL and an EUAC they may begin the reporter credentialing process – An organization's EUAC should submit a separate Subscriber Request Form via the EUAC Center • The Subscriber Request Form (SRF) authorizes the FRB to issue a token granting the Subscriber access to the Reporting Central application • Questions about the SRF form should be directed to the CCC 42

3. Reporter Application Activation • In order for a Subscriber to gain access to 3. Reporter Application Activation • In order for a Subscriber to gain access to a particular series, the EUAC must also complete the Federal Reserve Bank Subscriber Access Request Form (RC-1) • The forms are completed/signed by the EUAC and are emailed to the Reporting Central District Contact • NOTE: A separate form must be submitted for each legal entity that you require access to submit on behalf of 43

RC- 1 Form 44 RC- 1 Form 44

RC- 1 Form (cont. ) 45 RC- 1 Form (cont. ) 45

Frequent RC-1 Form Errors • Institutions using ABA, routing numbers or FDIC identification number Frequent RC-1 Form Errors • Institutions using ABA, routing numbers or FDIC identification number in place of RSSD – RSSD is a unique, but publically known Federal Reserve identifier • Subscribers requesting access to a series under the wrong entity – Example: Requesting access for a bank to file the FRY 6 • EUACs/new subscribers signing their name in the last section titled “For Federal Reserve Banks Use Only” 46

Credentialing Resources • Reporting Central Resource Center • Reporting Central Application Setup • Reporting Credentialing Resources • Reporting Central Resource Center • Reporting Central Application Setup • Reporting Central District Contact • Federal Reserve Bank Subscriber Access Request Form (RC-1) 47

Resources • Philadelphia Fed FR Y-6 Page • Atlanta Fed Interactive Training Video • Resources • Philadelphia Fed FR Y-6 Page • Atlanta Fed Interactive Training Video • Reporting Central External User Guides 48

Questions and Contacts • FR Y-6 – Christine Astillero 215 -574 -3891 – Robbin Questions and Contacts • FR Y-6 – Christine Astillero 215 -574 -3891 – Robbin Brown 215 -574 -3990 – John Opalack 215 -574 -6159 – Jeff Willis 215 -574 -6588 • Reporting Central 49 – Michael Sambucci 215 -574 -4365 – Brendan O’Hara 215 -574 -6365