Last updated: 2/19/2025
Annual Report Of Foreign Banking Organizations-FRY Y-7 {FR Y-7}
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Description
FR Y-7 - ANNUAL REPORT OF FOREIGN BANKING ORGANIZATIONS. This report form is authorized by law: Section 5(c)(1) of the Bank Holding Company Act (12 U.S.C. § 1844(c)(1)) and sections 8(a) and 13(a) of the International Banking Act (12 U.S.C. §§ 3106(a) and 3108(a)). This form is used by foreign banking organizations to provide the Federal Reserve with information on their financial condition, organizational structure, and compliance with U.S. banking laws. It helps the Federal Reserve monitor and regulate these organizations to ensure they adhere to the Bank Holding Company Act and the International Banking Act. The report requires certification by an authorized official, includes financial and organizational data, and may involve confidential information. It also supports the evaluation of the organization's eligibility as a Qualified Foreign Banking Organization and compliance with Regulation YY. www.FormsWorkflow.com
