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In forceEquity investmentsLast checked 13 November 2026

Merchant banking investments held for an extended period (FR Y-12A)

A regulatory return listed by the Board of Governors of the Federal Reserve System (Federal Reserve Board), United States.

Collects information on a merchant banking investment that a financial holding company (FHC) has held for longer than eight years (or thirteen years through a qualifying private equity fund), so the Federal Reserve can monitor investments approaching the end of their permitted holding period and the FHC's disposal plan. Source

Official title: Annual Report of Merchant Banking Investments Held for an Extended Period

The facts

Who files
A financial holding company that holds a merchant banking investment approaching the end of the holding period permitted under Regulation Y; normally a subset of FR Y-12 filers, but an FHC that no longer meets the FR Y-12 threshold may still have to file this return for an older investment. Source
How often
Once a year: the financial holding company files one FR Y-12A for each covered investment it owns, controls or holds at 31 December of that year. Source
Deadline
Within 45 calendar days after the as-of date. Source
Format
Other. Can be filed electronically; the holding company contacts its district Reserve Bank. No specific file format is named. Source
How it is filed
Filing routes recorded for the Federal Reserve Board: Reporting Central; Structure Central. See how firms file with the Federal Reserve Board.
Status
In force
Group
Equity investments

Templates (1)

The tables and forms inside the return. Plain name first, the Federal Reserve Board's code in brackets.

  • Merchant banking investment approaching the end of its holding period (FR Y-12A)

One short form is completed per covered investment; it is not divided into separate lettered schedules. Source

Validation rules

36 rules, as counted from the Federal Reserve Board's published material. Software can run them exactly as published. Source

How they are written: A table with an 'Alg Edit Test' algebraic-expression column..

The rules, on federalreserve.gov

How they were counted

Counted the rows with series code FRY12A in the edit table of the FR Y-12A instructions whose end date is 99991231 (still in effect). One more row has an end date before 13 Nov 2026 and is not counted.

Counts are in the Federal Reserve Board's own unit, so they are not comparable with other regulators' counts.

Public data

No published data from this return was found. The FR Y-12A data are not published. Source

Official documents (2)

The Federal Reserve Board's own files, with the size and SHA-256 fingerprint of each as downloaded on 13 November 2026, so anyone can tell whether a copy is the same version.

Sources

Every page and document this return's facts were read from.

Knowing exactly what is collected, in what format and under which rules is the first step to real-time supervision. Line4 builds SupTech software for financial regulators that runs checks like these as each return arrives.

Line4's own text, and the way Line4 has collected and arranged these records, are free to reuse under CC BY 4.0. Please credit: “Source: Line4 regulatory submissions library (CC BY 4.0), https://www.line4.ai”. The facts themselves belong to no one. The regulators' document titles, template names, quoted terms and documents belong to them and are not covered by this licence: see Federal Reserve Board's reuse terms. This describes what regulators publish. It is not legal or regulatory advice: always rely on the regulator's own text. Not affiliated with or endorsed by any regulator.

Source: Board of Governors of the Federal Reserve System, https://www.federalreserve.gov. Documents are linked on the regulator's own site, not hosted here. The plain-English summaries are Line4's own; the Board does not endorse this library.

Last checked 13 November 2026.