Federal Reserve publishes changes to the quarterly report of assets and liabilities of large foreign offices of US banks
The Fed has approved changes to the Quarterly Report of Assets and Liabilities of Large Foreign Offices of US Banks (FR 2502q).
Now, the US head offices of bank holding companies, commercial banks and edge and agreement corporations are only required to submit FR 2502q data for their branches and subsidiaries that are located in the United Kingdom or the Caribbean. Section C of the new instructions lists the countries that are considered part of the Caribbean for this report form. All other countries will no longer need to be provided.
For the March report, schedule A is being removed in conjunction with the elimination
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