Schedule HC-G: Other Liabilities Guide¶
Form: FR Y-9C (Consolidated Financial Statements for Holding Companies) Schedule: HC-G - Other Liabilities Frequency: Quarterly Purpose: Detail other liabilities not reported elsewhere on the balance sheet
Overview¶
Schedule HC-G provides the breakdown of liabilities that flow into Schedule HC Item 20 (Other Liabilities): net deferred tax liabilities, the allowance for credit losses on off-balance sheet credit exposures, and a residual "other" line. It is a short, four-line schedule (item 1 is not applicable on the current form).
Relationship to Schedule HC¶
Schedule HC-G Item 5 (Total) = Schedule HC Item 20 (Other Liabilities)
Schedule Structure¶
OTHER LIABILITIES
├── Item 1: Not applicable
├── Item 2: Net deferred tax liabilities
├── Item 3: Allowance for credit losses on off-balance sheet credit exposures
├── Item 4: Other (all other liabilities)
└── Item 5: TOTAL OTHER LIABILITIES (= HC Item 20)
Detailed Line Items¶
Item 1: Not Applicable¶
Line item 1 is "Not applicable" on the current FR Y-9C Schedule HC-G.
Item 2: Net Deferred Tax Liabilities¶
| MDRM | Call MDRM | Description |
|---|---|---|
| BHCK3049 | RCFD3049 | Net deferred tax liabilities |
Nature: Tax liabilities arising from taxable temporary differences (when book income exceeds taxable income temporarily).
Note: Reported per tax jurisdiction when the net result is a credit balance; a net debit (asset) balance is reported in Schedule HC-F, item 2, "Net deferred tax assets." A company can report a net DTA for one jurisdiction and a net DTL for another at the same time.
Item 3: Allowance for Credit Losses on Off-Balance Sheet Credit Exposures¶
| MDRM | Call MDRM | Description |
|---|---|---|
| BHCKB557 | RCFDB557 | ACL for unfunded commitments and other off-balance sheet credit exposures |
Applicable To: - Unfunded loan commitments - Letters of credit - Financial guarantees - Other off-balance sheet credit exposures
CECL Impact: Under ASC 326 this reserve reflects lifetime expected credit losses; holding companies that have adopted ASU 2016-13 exclude exposures that are unconditionally cancellable.
Item 4: Other (All Other Liabilities)¶
| MDRM | Call MDRM | Description |
|---|---|---|
| BHCKB984 | RCFD2938 | All other liabilities not reported in items 2-3 and not reportable in HC items 13-19 |
Includes (no separate MDRM codes — these are components of item 4): - Accrued interest on deposits and nondeposit liabilities - Accrued income taxes and other accrued expenses - Accounts payable - Deferred compensation liabilities - Dividends declared but not yet payable - Operating lease liabilities (ASC 842) - Miscellaneous liabilities
Item 5: Total Other Liabilities¶
| MDRM | Call MDRM | Description | Ties To |
|---|---|---|---|
| BHCT2750 | RCFD2930 | Total other liabilities (schedule total cell; must equal HC item 20 = BHCK2750) | HC Item 20 |
Reconciliation:
Item 5 (BHCT2750) = Items 2 + 3 + 4
Schedule HC Item 20 (BHCK2750) = HC-G Item 5 (BHCT2750)
Key Considerations¶
CECL Impact on Item 3¶
Under Current Expected Credit Loss (CECL) accounting: - Reserve reflects lifetime expected losses - Applies to off-balance sheet credit exposures - Typically larger than pre-CECL reserves - Significant for banks with large unfunded commitment portfolios
Operating Lease Liabilities¶
Under ASC 842 (effective 2019): - Operating leases now on balance sheet - Lease liability is a component of Item 4 (no separate HC-G code) - Corresponding right-of-use asset in HC-F
Relationship to Capital¶
Items in HC-G generally do not receive special capital treatment, but: - ACL for OBS (Item 3) supports credit quality of commitments - May be considered in stress testing
Reconciliation Hierarchy¶
SCHEDULE HC-G SCHEDULE HC
═══════════════════════════════════════════════════════════════════════
Item 5 (Total) ────────► HC Item 20 (Other Liabilities)
BHCT2750 BHCK2750
Key Analytical Metrics¶
OBS Reserve Adequacy¶
OBS ACL Ratio = Item 3 / Total Unfunded Commitments (from HC-L)
- Should be compared to historical loss experience on commitments
Other Liabilities to Assets¶
Other Liab % = Item 5 / Total Assets
- Typically 1-3% of assets
MDRM Quick Reference¶
| Item | MDRM | Description |
|---|---|---|
| 1 | - | Not applicable |
| 2 | BHCK3049 | Net deferred tax liabilities |
| 3 | BHCKB557 | ACL for off-balance sheet credit exposures |
| 4 | BHCKB984 | Other (all other liabilities) |
| 5 | BHCT2750 | TOTAL OTHER LIABILITIES (= HC item 20, BHCK2750) |
Revision note (v7.0). Earlier editions of this guide described a six-item HC-G with accrued-interest sub-items and a "Memoranda (2022+)" block; that structure does not exist on the FR Y-9C (it loosely mirrored the Call Report RC-G), and several of its codes were misassigned (the ACL line cited an MBS code; the memoranda cited consolidated-VIE asset codes). Version 7.0 rebuilds the schedule to the official four-line layout with MDRM-verified codes.
Last Updated: 2026-06-11 Reference: FR Y-9C Instructions (September 2018 HC-G vintage); Federal Reserve MDRM