Jack Henry & Associates' Fed-File Pro - Consolidated and Fed-File Pro - Direct Entry programs allow bank holding companies with $500 million
or more in total consolidated assets to electronically file their FR Y-9C, FR Y-9LP, FR Y-11/FR Y-11S, and FR 2314/2314S reports to the
Federal Reserve. Also included in the Direct Entry software, is the FR 2320 for savings and loan holding companies not yet required to file
the FR Y-9C and FR Y-9LP.
Holding companies will save time and improve accuracy by importing their subsidiary bank's instance
document (e.g., *.xml, *.xTrn) into these programs. The Y-9 software is compatible with all Call Report software vendors,
including a direct link to Jack Henry's Call Report Pro software.
The Fed-File Pro Consolidated program reduces input and research time by consolidating FR Y-9LP, nonbank subsidiary data, and Call Report
data to produce the FR Y-9C. The Fed-File Pro Direct Entry allows for manual entry of consolidated totals for holding companies that
already have precalculated data and simply want to type it into the form.
To further alleviate the filing burden, bank subsidiaries of the holding company can use the Fed-File Pro Reclass program to reclassify
their Call Report data so that it can be automatically imported into the Fed-File Pro Consolidated program maintained by their holding
company. Jack Henry's program will import Call Report instance documents from any software vendor.
These Y-9 programs include extensive Federal Reserve edit checks to ensure accurate filing. More than 2,000 continuous edit
checks save hours of editing, proofing and re-typing time. Additionally, the built-in electronic transmission link in the Fed-File Pro Consolidated and Fed-File Pro Direct Entry programs can be used to submit reports to the Federal Reserve via Internet Electronic
Submission (IESUB).
Also for your review and analysis, a detailed Consolidation Worksheet is available in Fed-File Pro Consolidated, and Comparison Reports are included in both programs for your convenience.
features
Allows for electronically filing of FR Y-9C, FR Y-9LP, FR Y-11/FR Y-11S, FR 2314/2314S, and FR 2320 reports to the Federal Reserve.
Imports the subsidiary bank's instance document (i.e., transmission file) into the Fed-File Pro Large BHCs - Consolidated, Direct Entry and Reclass programs.
Provides Y-9 software that is compatible with all Call Report software vendors, including a direct link to Jack Henry's Call Report Pro software.
Includes extensive edit checks to ensure accurate filing - more than 2,000 continuous edit checks save hours of editing, proofing and re-typing time.
Provides a built-in electronic transmission link for sending the reports to the Federal Reserve via IESUB.
Fed-File Pro Consolidated includes a Consolidation Worksheet and both programs include Comparison Reports for your review and analysis.