Question

The FR Y-9LP report code reports Parent Company Only Financial Statements for Large Holding Companies. What is the relationship between the Federal Reserve and the FFIEC for this report to be published?

Responses

The FFIEC created, approved, and maintains the report.
The FFIEC created, approved, and maintains the report.

The Federal Reserve creates and maintains the report, but the FFIEC approves it.
The Federal Reserve creates and maintains the report, but the FFIEC approves it.

The Federal Reserve created, approved, and maintains the report.
The Federal Reserve created, approved, and maintains the report.

The Federal Reserve created the report, but it is approved and maintained by the FFIEC.
The Federal Reserve created the report, but it is approved and maintained by the FFIEC.

Answers

GPT-4o mini
The correct response regarding the relationship between the Federal Reserve and the FFIEC for the FR Y-9LP report is:

**The Federal Reserve created the report, but it is approved and maintained by the FFIEC.**