The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
The annual FR Y-16 report collects quantitative projections of balance sheet assets, liabilities, income, losses, and capital across three scenarios provided by the Board of Governors (baseline, adverse, and severely adverse) and qualitative information on methodologies used to develop these internal projections. The FR Y-16 reporting panel includes any bank holding companies (BHC) or savings and loan holding companies (SLHC) with average total consolidated assets of greater than $10 billion but less than $50 billion, and any affiliated or unaffiliated state member banks (SMB) that has average total consolidated assets of greater than $10 billion but less than $50 billion excluding SMB subsidiaries of covered companies. The Federal Reserve uses the FR Y-16 data to monitor the systemic risk profile of the institutions which are subject to enhanced prudential standards under section 165 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Call Report, Financial Assets
Bank Holding Companies, Savings and Loan Holding Companies, State Member Banks
Since the FR Y-16 collection is part of the supervisory process, the information is subject to confidential treatment under exemption 8 of the Freedom of Information Act (5 U.S.C. 552(b)(8)). In addition, the information may be exempt from disclosure under Exemption 4.5 U.S.C. 552 (b)(4). Disclosure determinations would be made on a case-by-case basis.