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Bank Regulatory Filings Master Guide

Version: 6.0 | 2026-06-09 Scope: Comprehensive reference for U.S. bank regulatory reporting


Table of Contents

  1. Introduction & Purpose
  2. Regulatory Form Hierarchy
  3. MDRM Code System
  4. Schedule-by-Schedule Reference
  5. Reconciliation & Validation
  6. Data Sources & Access
  7. G-SIB Entity Identifiers
  8. Known Data Quality Issues
  9. Appendix: Complete Variable Lists

1. Introduction & Purpose

1.1 What This Guide Covers

This guide provides a comprehensive reference for understanding U.S. bank regulatory filings, with particular focus on:

  • FR Y-9C: Consolidated Financial Statements for Bank Holding Companies (BHCs)
  • FFIEC Call Reports: Report of Condition and Income for individual banks
  • FR Y-14: Capital Assessment and Stress Testing data
  • FR 2052a: Liquidity Monitoring Report
  • Pillar 3: Basel III public disclosure requirements

1.2 Target Audience

  • Quantitative researchers analyzing bank data
  • Financial analysts evaluating bank performance
  • Risk managers assessing trading and derivatives exposure
  • Academics studying financial institutions
  • Regulators and compliance professionals

1.3 How to Use This Guide

This guide is structured from general concepts to specific details:

  1. Start with Section 2 to understand how different forms relate to each other
  2. Section 3 explains the MDRM code system essential for data extraction
  3. Section 4 provides schedule-by-schedule detail
  4. Section 5 covers validation and reconciliation
  5. Section 6 lists data access points

2. Regulatory Form Hierarchy

2.1 Overview of U.S. Bank Regulatory Reporting

U.S. bank regulatory reporting operates at multiple levels:

                    ┌─────────────────────────────────────┐
                    │          FEDERAL RESERVE            │
                    │     (Consolidated BHC Level)        │
                    └─────────────────────────────────────┘
                                     │
         ┌───────────────────────────┼───────────────────────────┐
         ▼                           ▼                           ▼
    ┌─────────┐               ┌─────────────┐             ┌──────────┐
    │ FR Y-9C │               │  FR Y-14    │             │ FR 2052a │
    │Quarterly│               │A/Q/M Stress │             │ Liquidity│
    │ $5B+   │               │   $100B+    │             │  Large   │
    └─────────┘               └─────────────┘             └──────────┘
         │
         ▼ (Consolidates)
    ┌─────────────────────────────────────────────────────────────┐
    │                    FFIEC (Bank Level)                       │
    │                    FFIEC Call Reports                       │
    │                    All FDIC-insured banks                   │
    └─────────────────────────────────────────────────────────────┘

2.2 FR Y-9C: Consolidated Financial Statements for Holding Companies

Regulator: Federal Reserve Board Frequency: Quarterly (filed within 40-45 days of quarter end) Reporters: All BHCs/SLHCs with $5 billion or more in total consolidated assets

Key Schedules

Schedule Name Content
HC Balance Sheet Consolidated balance sheet
HC-B Securities Available-for-sale and held-to-maturity
HC-C Loans and Leases Loan portfolio detail
HC-D Trading Assets and Liabilities Trading book positions
HC-L Derivatives and Off-Balance Sheet Derivatives notional and fair value
HC-N Past Due and Nonaccrual Asset quality
HC-Q Assets at Fair Value Fair value hierarchy (Level 1/2/3)
HC-R Regulatory Capital Basel III capital ratios
HI Income Statement Consolidated income statement

Data Availability

  • Historical coverage: 1986 to present (FR Y-9C panel)
  • Public access: Federal Reserve NIC database, FFIEC CDR
  • Machine-readable: Available via bulk download

2.3 FFIEC Call Reports: Report of Condition and Income

Regulator: FFIEC (Federal Reserve, OCC, FDIC jointly) Frequency: Quarterly Reporters: All FDIC-insured depository institutions

Call Report Variants

Form Asset Threshold Filing
FFIEC 031 Banks with foreign offices More detailed
FFIEC 041 Domestic banks $5B+ Standard
FFIEC 051 Domestic banks <$5B Simplified

Relationship to FR Y-9C

The FR Y-9C consolidates the Call Reports of all subsidiary banks, plus: - Nonbank subsidiaries - Parent company items - Intercompany eliminations

Important: BHC data (Y-9C) ≠ Sum of bank data (Call Reports) due to: - Nonbank activities - Different consolidation levels - Intercompany transactions

2.4 FR Y-14: Capital Assessment and Stress Testing

Regulator: Federal Reserve Board Reporters: BHCs with $100 billion or more in total consolidated assets

Components

Form Frequency Content
FR Y-14A Annual Comprehensive capital planning (CCAR)
FR Y-14Q Quarterly Ongoing positions and risk metrics
FR Y-14M Monthly Loan-level portfolio data

Key Y-14Q Schedules for Trading Analysis

  • Schedule G.1: Trading revenue by product type
  • Schedule G.2: VaR and Stressed VaR
  • Schedule E.1: Top counterparty exposures
  • Schedule E.2: Credit valuation adjustment (CVA)
  • Schedule H: Pre-Provision Net Revenue (PPNR)

2.5 FR 2052a: Complex Institution Liquidity Monitoring Report

Regulator: Federal Reserve Board Frequency: Daily (largest firms) or Monthly Reporters: Large BHCs, IHCs, covered savings/loan HCs

Purpose

Supports calculation and monitoring of: - Liquidity Coverage Ratio (LCR) - Net Stable Funding Ratio (NSFR) - Internal liquidity stress testing

2.6 Pillar 3: Basel III Public Disclosures

Framework: Basel Committee on Banking Supervision Implementation: Federal Reserve Regulation Q Reporters: G-SIBs and large internationally active banks

Key Templates

Template Content
KM1 Key regulatory metrics
OV1 Overview of RWA
CR1-CR5 Credit risk
MR1-MR4 Market risk
LIQ1-LIQ2 Liquidity
CCR1-CCR8 Counterparty credit risk

3. MDRM Code System

3.1 What is MDRM?

MDRM = Micro Data Reference Manual

The MDRM is the Federal Reserve and FFIEC's system for uniquely identifying every data element in regulatory reports. Understanding MDRM codes is essential for:

  • Extracting data from regulatory databases
  • Mapping variables across forms
  • Tracking historical changes
  • Building time series

3.2 MDRM Code Structure

An MDRM code consists of:

[PREFIX][ITEM_NUMBER]
  4-5       4-5
 chars     chars

Example: BHCK3545
         ├──┤├──┤
         │   │
         │   └── Item Number (3545 = Trading Assets)
         │
         └────── Prefix (BHCK = BHC domestic)

3.3 Prefix Definitions

FR Y-9C Prefixes (Bank Holding Company)

Prefix Scope Description
BHCK Domestic only BHC domestic operations; pre-2018 for items later split
BHCM Domestic only (post-2018) BHC domestic office; introduced for domestic/foreign split
BHCT Total consolidated BHC domestic + foreign; primary prefix for totals
BHCFA Regulatory capital HC-R schedule capital items
BHCA Risk-weighted assets HC-R Part II items
BHCAP Advanced approaches Basel III advanced capital

Call Report Prefixes (Bank Level)

Prefix Scope Description
RCFD Full domestic Bank domestic + foreign branches; most comprehensive
RCON Domestic offices only Excludes foreign branches/agencies
RIAD Income/dividends Income statement items (flow data)
RCFA Regulatory capital RC-R schedule capital items
RCFN Foreign only Foreign office items

3.4 Prefix Conversion Rules

To convert between FR Y-9C and Call Report codes:

Y-9C Prefix Call Report Equivalent
BHCK → RCFD
BHCM → RCFD (or RCON for domestic-only)
BHCT → RCFD
BHCFA → RCFAA
BHCA → RCFDA

Example: - Y-9C Total Trading Assets: BHCT3545 - Call Report Total Trading Assets: RCFD3545

3.5 Item Number Ranges

MDRM item numbers follow general patterns:

Range General Category
0001-0999 Assets
1000-1999 Liabilities
2000-2999 Capital and equity
3000-3999 Trading and derivatives
4000-4999 Income statement
5000+ Various specialized items
A000-Z999 Extended codes (newer items)

3.6 Historical Code Changes

MDRM codes evolve over time. Major transition periods:

2018 Domestic/Foreign Split

  • Some items are reported on multiple bases: BHCK (consolidated), BHCM (domestic offices), BHDM/BHFN (domestic/foreign deposit components)
  • Example: trading U.S. Treasury securities are reported consolidated as BHCK3531 and on a domestic-office basis as BHCM3531

2014 Basel III Implementation

  • New capital codes introduced (BHCAP, BHCFA prefixes)
  • Legacy Basel I/II codes discontinued

2011 MBS Granular Breakout

  • Combined MBS codes (BHCK3534, BHCK3536) replaced
  • New granular MBS codes (BHCKK197-K201)

2009 Post-Crisis Additions

  • Short position codes added (BHCKG209-G211)
  • Derivatives fair value detail enhanced

2006 Credit Derivatives

  • CDS codes added (BHCKC968-C975)
  • TRS and other credit derivatives

4. Schedule-by-Schedule Reference

4.1 Schedule HC / RC: Consolidated Balance Sheet

The main balance sheet schedule provides high-level asset and liability totals.

Key Asset Items

Line Description Y-9C MDRM Call MDRM
1 Cash and balances due BHCK0010 RCFD0081
2 Securities BHCT1754 RCFD1754
3 Fed funds sold/reverse repos BHCKC225 RCFDB987
4 Loans and leases, net BHCKB529 RCFDB529
5 Trading assets BHCT3545 RCFD3545
10 Goodwill and intangibles BHCT2143 RCFD2143
11 Other assets BHCT2160 RCFD2160
12 Total assets BHCT2170 RCFD2170

Key Liability Items

Line Description Y-9C MDRM Call MDRM
13 Total deposits (caption: BHDM6631+6636 + BHFN6631+6636) RCFD2200
14 Fed funds purchased/repos BHCK2800 RCFDB993
15 Trading liabilities BHCT3548 RCFD3548
16 Other borrowed money BHCT3190 RCFD3190
19 Subordinated debt BHCK4062 RCFD3200
21 Total liabilities BHCK2948 RCFD2948

Equity Items

Line Description Y-9C MDRM Call MDRM
28 Total equity capital BHCT3210 RCFD3210
29 Total liabilities and equity BHCK3300 RCFD3300

4.2 Schedule HC-B / RC-B: Securities

Reports securities held in the investment portfolio (not trading).

Classification

Category Description
Held-to-Maturity (HTM) Securities held with intent and ability to hold to maturity
Available-for-Sale (AFS) Securities not classified as HTM or trading

Key Items

Description HTM MDRM (amortized cost) AFS MDRM (fair value)
U.S. Treasury BHCK0211 BHCK1287
U.S. Government agency BHCK8492 BHCK8495
MBS - residential Various Various
MBS - commercial Various Various
Total HTM BHCKJJ34 -
Total AFS - BHCT1773

4.3 Schedule HC-D / RC-D: Trading Assets and Liabilities

Critical Schedule for Trading Analysis

This schedule breaks down trading book positions reported on Schedule HC lines 5 and 15.

Trading Assets (Items 1-12)

Line Description Current MDRM Legacy MDRM Start Date
1 U.S. Treasury securities BHCM3531 BHCK3531 2008-03-31
2 U.S. Government agency BHCM3532 BHCK3532 2008-03-31
3 Municipal securities BHCM3533 BHCK3533 2008-03-31
4.a.(1) Residential MBS - GNMA BHCKK197 - 2011-03-31
4.a.(2) Residential MBS - FNMA/FHLMC BHCKK198 - 2011-03-31
4.b Other residential MBS BHCKK199 - 2011-03-31
4.c.(1) Commercial MBS - agency BHCKK200 - 2011-03-31
4.c.(2) Commercial MBS - other BHCKK201 - 2011-03-31
5.a Structured financial products BHCKHT62 - 2018-06-30
5.b Other debt securities (incl ABS) BHCKK202 - 2011-03-31
6.a Loans - 1-4 family residential BHCKHT63 - 2018-06-30
6.b Loans - other real estate BHCKHT64 - 2018-06-30
6.c Loans - C&I BHCKF614 - 2008-03-31
6.d Loans - consumer BHCKHT65 - 2018-06-30
6.e Loans - other BHCKF618 - 2008-03-31
9 Other trading assets BHCM3541 BHCK3541 2008-03-31
11 Derivatives positive fair value BHCT3543 BHCK3543 2009-06-30
12 TOTAL TRADING ASSETS BHCT3545 BHCK3545 1995-12-31

Trading Liabilities (Items 13-15)

Line Description MDRM Start Date
13.a.(1) Short positions - Equity BHCKG209 2009-03-31
13.a.(2) Short positions - Debt BHCKG210 2009-03-31
13.a.(3) Short positions - Other BHCKG211 2009-03-31
13.b Other trading liabilities BHCKF624 2008-03-31
14 Derivatives negative fair value BHCT3547 2009-06-30
15 TOTAL TRADING LIABILITIES BHCT3548 1989-09-30

4.4 Schedule HC-L / RC-L: Derivatives and Off-Balance Sheet Items

Critical Schedule for Derivatives Analysis

Schedule HC-L reports: 1. Notional amounts by product type 2. Fair values by asset class and trading/non-trading purpose

Notional Amounts by Product Type

Futures (Exchange-Traded)
Asset Class MDRM
Interest Rate BHCK8693
Foreign Exchange BHCK8694
Equity BHCK8695
Commodity/Other BHCK8696
Forwards (OTC)
Asset Class MDRM
Interest Rate BHCK8697
Foreign Exchange BHCK8698
Equity BHCK8699
Commodity/Other BHCK8700
Swaps
Asset Class MDRM
Interest Rate BHCK3450
Cross-Currency BHCK3826
Equity BHCK8719
Commodity/Other BHCK8720
Options (Exchange-Traded)
Asset Class Written Purchased
Interest Rate BHCK8701 BHCK8705
Foreign Exchange BHCK8702 BHCK8706
Equity BHCK8703 BHCK8707
Commodity/Other BHCK8704 BHCK8708
Options (OTC)
Asset Class Written Purchased
Interest Rate BHCK8709 BHCK8713
Foreign Exchange BHCK8710 BHCK8714
Equity BHCK8711 BHCK8715
Commodity/Other BHCK8712 BHCK8716
Credit Derivatives
Type Protection Sold Protection Bought
Credit Default Swaps BHCKC968 BHCKC969
Total Return Swaps BHCKC970 BHCKC971
Other Credit Derivatives BHCKC974 BHCKC975

Fair Values by Asset Class

Trading Derivatives
Asset Class Positive FV Negative FV
Interest Rate BHCK8733 BHCK8737
Foreign Exchange BHCK8734 BHCK8738
Equity BHCK8735 BHCK8739
Commodity/Other BHCK8736 BHCK8740
Non-Trading Hedges
Asset Class Positive FV Negative FV
Interest Rate BHCK8741 BHCK8745
Foreign Exchange BHCK8742 BHCK8746
Equity BHCK8743 BHCK8747
Commodity/Other BHCK8744 BHCK8748

4.5 Schedule HC-Q / RC-Q: Assets and Liabilities at Fair Value

Reports assets and liabilities measured at fair value by valuation hierarchy.

Fair Value Hierarchy

Level Description Observability
Level 1 Quoted prices in active markets Directly observable
Level 2 Observable inputs other than Level 1 Indirectly observable
Level 3 Unobservable inputs Model-based

Trading Assets by Fair-Value Level

The single combined "trading assets by level" codes were discontinued (2009-2010). Trading-asset fair-value-level measurements are now reported split into derivative and other-trading-asset components:

Level Trading derivative assets Other trading assets
Level 1 BHCKG494 BHCKG499
Level 2 BHCKG495 BHCKG500
Level 3 BHCKG496 BHCKG501

4.6 Schedule HC-R / RC-R: Regulatory Capital

Reports Basel III regulatory capital components and ratios.

Capital Components

Item Description MDRM
CET1 Common Equity Tier 1 Capital BHCAP859
AT1 Additional Tier 1 Capital BHCAP865
T1 Tier 1 Capital (CET1 + AT1) BHCA8274
T2 Tier 2 Capital BHCA5311
TC Total Capital (T1 + T2) BHCA3792
RWA Total Risk-Weighted Assets BHCAA223

Key Ratios

Ratio Formula Minimum
CET1 Ratio CET1 / RWA 4.5%
Tier 1 Ratio T1 / RWA 6.0%
Total Capital Ratio TC / RWA 8.0%
Leverage Ratio T1 / Total Exposure 3.0%

5. Reconciliation & Validation

5.1 Balance Sheet Crosswalks

Trading Assets Reconciliation

Rule: Schedule HC Item 5 = Schedule HC-D Item 12

BHCT3545 (HC Item 5) = BHCT3545 (HC-D Item 12)
                     = Sum of HC-D Items 1-11

Components: - Securities (Items 1-5): Treasuries, agencies, munis, MBS, debt - Loans (Items 6): Various loan types - Other (Item 9): Residual trading assets - Derivatives (Item 11): Positive fair value derivatives

Trading Liabilities Reconciliation

Rule: Schedule HC Item 15 = Schedule HC-D Item 15

BHCT3548 (HC Item 15) = BHCT3548 (HC-D Item 15)
                      = Sum of HC-D Items 13-14

Components: - Short positions (Items 13.a): Equity, debt, other - Other liabilities (Item 13.b) - Derivatives (Item 14): Negative fair value derivatives

5.2 Derivatives Fair Value Reconciliation

Rule: HC-D derivatives = Sum of HC-L fair values

Positive Fair Value

BHCT3543 (HC-D Item 11) = Trading positive FV + Non-trading positive FV

Trading Positive FV = BHCK8733 + BHCK8734 + BHCK8735 + BHCK8736
                    = IR + FX + Equity + Commodity trading positive

Non-Trading Positive FV = BHCK8741 + BHCK8742 + BHCK8743 + BHCK8744
                        = IR + FX + Equity + Commodity non-trading positive

Negative Fair Value

BHCT3547 (HC-D Item 14) = Trading negative FV + Non-trading negative FV

Trading Negative FV = BHCK8737 + BHCK8738 + BHCK8739 + BHCK8740
                    = IR + FX + Equity + Commodity trading negative

Non-Trading Negative FV = BHCK8745 + BHCK8746 + BHCK8747 + BHCK8748
                        = IR + FX + Equity + Commodity non-trading negative

5.3 Capital Reconciliation

Total Capital (BHCA3792) = Tier 1 (BHCA8274) + Tier 2 (BHCA5311)
Tier 1 (BHCA8274) = CET1 (BHCAP859) + AT1 (BHCAP865)

5.4 Common Validation Checks

Check Formula Expected
Balance sheet balance Total Assets = Total Liabilities + Equity Must equal
Trading assets detail HC-D Item 12 = HC Item 5 Must equal
Trading liabilities detail HC-D Item 15 = HC Item 15 Must equal
Capital components T1 + T2 = Total Capital Must equal
RWA consistency Credit RWA + Market RWA + Op RWA = Total RWA Must equal

6. Data Sources & Access

6.1 FFIEC Central Data Repository (CDR)

URL: https://cdr.ffiec.gov/

Content: Call Report and FR Y-9C data

Access Methods: - Online interface for individual filers - Bulk download for all filers - XBRL taxonomy files

6.2 Federal Reserve NIC Database

URL: https://www.ffiec.gov/NPW/

Content: National Information Center - organization data

Key Features: - RSSD ID lookups - Corporate structure - Historical name changes

6.3 Federal Reserve Bank of Chicago

URL: https://www.chicagofed.org/banking/financial-institution-reports/

Content: Historical FR Y-9C data

Coverage: 1986-present

6.4 FDIC BankFind Suite

URL: https://banks.data.fdic.gov/

Content: Bank financial data and failure information

Key Features: - Summary of Deposits - Historical data - Failure information

6.5 Chicago Fed Bank Holding Company Database

URL: https://www.chicagofed.org/banking/financial-institution-reports/bhc-data

Description: Public historical FR Y-9C holding-company panel

Coverage: 1986 to present

Content: All Y-9C variables in downloadable bulk files

6.6 Wharton Research Data Services (WRDS)

URL: https://wrds-www.wharton.upenn.edu/

Content: Bank Regulatory suite

Access: Academic subscription required


7. G-SIB Entity Identifiers

7.1 Identifier Types

Identifier Source Used In
RSSD ID Federal Reserve FR Y-9C, NIC database
FDIC Certificate FDIC Call Reports, FDIC databases
LEI GLEIF Pillar 3, international reporting
OCC Charter OCC National bank identification

7.2 Major Trading BHCs

Entity RSSD ID G-SIB Bucket Assets (2024)
JPMorgan Chase & Co. 1039502 4 (3.5%) $3.9T
Bank of America Corp 1073757 3 (2.5%) $3.3T
Citigroup Inc. 1951350 3 (2.5%) $2.4T
Wells Fargo & Co. 1120754 2 (1.5%) $1.9T
Goldman Sachs Group 2380443 2 (1.5%) $1.7T
Morgan Stanley 2162966 2 (1.5%) $1.2T
Bank of New York Mellon 3587146 1 (1.0%) $0.4T
State Street Corp 1111435 1 (1.0%) $0.3T

8. Known Data Quality Issues

8.1 Historical Discontinuities

MDRM Code Changes

When MDRM codes change, time series have breaks: - 2018 prefix changes: BHCK → BHCM/BHCT splits - 2011 MBS breakout: Combined MBS → granular items - 2014 Basel III: New capital codes

Solution: Create crosswalk tables mapping old to new codes

Reporting Threshold Changes

Asset thresholds for filing have changed: - FR Y-9C: Increased from $150M to $5B over time - FR Y-14: $100B threshold since inception

8.2 Consolidation Issues

BHC vs Bank Data

BHC data includes nonbank subsidiaries and may differ from sum of bank subsidiaries due to: - Nonbank trading operations - Intercompany eliminations - Different accounting treatments

Foreign Operations

  • BHCK/RCON = Domestic only
  • BHCT/RCFD = Including foreign

Ensure consistent scope when comparing.

8.3 Timing Issues

Quarter-End vs Average

Some items are reported as: - Quarter-end balances (point-in-time) - Quarterly averages - Year-to-date cumulative (income items)

8.4 Restatements

Banks may file amendments that restate prior data. The CDR tracks amendments with: - Amendment flags - Submission dates - Version numbers


9. Appendix: Complete Variable Lists

9.1 Core Balance Sheet Variables

See MDRM_MASTER_COMPLETE.csv for full list.

9.2 Trading and Derivatives Variables

See HC_D_TRADING_ASSETS.csv and HC_L_DERIVATIVES.csv.

9.3 Capital Variables

Key capital variables:

Variable Description MDRM
CET1 Capital Common Equity Tier 1 BHCAP859
Tier 1 Capital Total Tier 1 BHCA8274
Tier 2 Capital Tier 2 BHCA5311
Total Capital Total Risk-Based BHCA3792
RWA Risk-Weighted Assets BHCAA223

9.4 CAMELS Categories

Variables are classified by CAMELS category:

Code Category Focus
C Capital Adequacy Regulatory capital ratios
A Asset Quality NPLs, charge-offs, allowances
M Management Size, structure, efficiency
E Earnings ROA, ROE, NIM, revenue
L Liquidity Funding, deposits, LCR
S Sensitivity to Market Risk Trading, derivatives, VaR

Document Control

Version Date Author Changes
1.0 2026-01-28 N. Anderson Initial comprehensive guide
6.0 2026-06-09 N. Anderson Aligned to v6.0 rebuild (NIC entity layer, full collection/sub-schedule catalogue, identifier semantics, coverage/provenance, expanded MDRM/namespace catalogue)

End of Master Regulatory Guide