QRG: External Initial Filing

A - EXISTING BANKING ORGANIZATION APPLICANT or OTHER ENTITY THAT HAS BEEN ASSIGNED AN RSSD ID

Click Add Section.

A new row will be added to the page. Complete each item as described below.

Applicant Entities - Use the RSSD radio button to enter the applicant’s RSSD ID OR use the TEXT radio button to search for the applicant by name and select. 

Repeat as needed to add additional applicants.  You may include multiple Applicants in one field box, as long as they all will be applicants/notificants on the specific section filing type.

If you make a mistake, you can click the X next to the entity to delete it from the proposal.

Target Entities – Use the RSSD radio button to enter the target’s RSSD ID OR use the TEXT radio button to search for the target by name and select (if applicable).

Repeat as needed to add additional targets.  You may include multiple targets in one field box, as long as they all will be targets on the specific section filing type. 

If you make a mistake, you can click the X next to the entity to delete it from the proposal.

If the target does not have an RSSD ID, refer to Appendix 1 to this QRG.

Applicant Organization Type – Select the appropriate applicant organization type from the dropdown

• Bank
• BHC/FHC
• Determinations
• Edge Corps/Agreement Corps
• Foreign Orgs
• Individual
• SLHC

See Appendix 2 to this QRG for a list of Determinations

Filing Type – Select the appropriate type of proposal from the dropdown.

Detailed Type– This dropdown is contextual and will only appear if there are additional options required to accurately define the filing type.

Expedited– Applies only to those filing types for which expedited processing is allowed by regulation.

Click Add Section to add another section if applicable. 

If you make a mistake, you can click the X at the end of any section row to delete it. 

Disregard the checkboxes below the Section row(s).

After completing all required fields, click Next at the bottom of the page or use the left navigation bar to move to the Other Filing Info screen.

B - INDIVIDUAL OR NONBANK APPLICANT THAT WILL NOT BE ASSIGNED AN RSSD ID

This option will most frequently apply to a filing under the Change in Bank Control Act by an individual or nonbank entity. 

Select the checkbox:  Applicant is an individual or nonbank entity without an RSSD ID and is not seeking an RSSD ID.

(item 1 in the screen shot below).

This selection will NOT trigger the Reserve Bank to request a permanent RSSD ID for the applicant. 

Click Add Section (item 4 in the screen shot below). 

A new row will be added to the page. Complete each item as described below.

If the target does not have an RSSD, check the box for Target is a financial institution that does not exist in the National Information Center (refer to Appendix 1).

Applicant Organization Type – Select the appropriate applicant organization type from the dropdown

• Bank
• BHC/FHC
• SLHC
• Edge Corps/Agreement Corps
• Foreign Orgs
• Determinations
• Individual

Filing Type – Select the appropriate type of proposal from the dropdown.

Detailed Type– This dropdown is contextual and will only appear if there are additional options required to accurately define the filing type.

Expedited– Applies only to those filing types for which expedited processing is allowed by regulation.

Click Add Section to add another section if applicable. 

If you make a mistake, you can click the X at the end of any section row to delete it. 

You will be required to enter a contact for the filing (item 3 in the screen shot above). This can be either the individual/nonbank entity, or a third-party contact such as a law firm submitting the filing. Click Add Contact and choose a contact.

If the contact does not yet exist in FedEZFile, click Create Entity/Individual (item 2 in the screen shot above) and create the contact. Complete the information on the entity/individual in the pop-up window (see screen shot below) and click Submit. Once the contact is created, you will return to the Sections screen.  Now, you must add this new contact by clicking the Add Contact button (item 3 in the screen shot above) and selecting the contact you just created.

After completing all of the required fields, click Next at the bottom of the page or use the left navigation bar to move to the Other Filing Info page.

C - PROPOSED BANKING ORGANIZATION APPLICANT THAT HAS NOT BEEN ASSIGNED AN RSSD ID

Select the checkbox:  Applicant is a financial institution that does not exist in the National Information Center. (item 1 in the screen shot below).

This selection will trigger the Reserve Bank to request a permanent RSSD ID for the applicant.  This option will most frequently apply to applicant entities that will become subject to Federal Reserve supervision, such as a newly formed entity proposing to become a bank holding company or savings & loan holding company or a de novo state member bank in organization.

Click Add Section. (item 4 in the screen shot below). 

A new row will be added to the page. Complete each item as described below.

Applicant Entities – Do not complete 

Target Entities – Use the RSSD radio button to enter the target’s RSSD ID OR use the TEXT radio button to search for the target by name and select (if applicable).

Repeat as needed to add additional targets. You may include multiple targets in one field box, as long as they all will be targets on the specific section filing type. 

If you make a mistake, you can click the X next to the entity to delete it from the proposal.

If the target does not have an RSSD ID, refer to Appendix 1 of this QRG.

Applicant Organization Type – Select the appropriate applicant organization type from the dropdown

• Bank
• BHC/FHC
• SLHC
• Edge Corps/Agreement Corps
• Foreign Orgs
• Determinations
• Individual

Filing Type – Select the appropriate type of proposal from the dropdown.

Detailed Type– This dropdown is contextual and will only appear if there are additional options required to accurately define the filing type.

Expedited– Applies only to those filing types for which expedited processing is allowed by regulation.

Click Add Section to add another section if applicable. 

If you make a mistake, you can click the X at the end of any section row to delete it. 

You will be required to enter a contact for this filing. Click the Create Entity/Individual button (item 2 in the screen shot above) and create the new Financial Institution which will be requesting an RSSD ID. Complete the information on the Financial Institution in the pop-up window (see screen shot below) and click Submit. If you received a message that your entity already exists, please cancel this screen and enter that entity as the Contact (item 3 in the screen shot) Once this institution has been created it will bring you back to the Sections screen. Now, you must add this new institution by clicking the Add Contact button (item 3 in the screen shot above) and selecting the institution you just created.  If both the Applicant and Target are requesting RSSD IDs, please enter both under Add Contact.

After completing all required fields, click Next at the bottom of the page or use the left navigation bar to move to the Other Filing Info screen.

OTHER FILING INFO

On the Other Filing Info page, you will specify the Filing-Level Institution. 

In most instances, this will be the same as the Applicant Entity provided on the Section page.  In multi-tiered organizations where more than one holding company has a filing requirement, this should be the operational holding company. 

If Applicant is type B (Individual or Nonbank Applicant That Will Not Be Assigned an RSSD ID), enter the name of the target institution.

If Applicant is type C (Proposed Banking Organization Applicant That Has Not Been Assigned an RSSD ID), leave blank.

Click Next at the bottom of the page or use the left navigation bar to move to the Documents page.

DOCUMENTS

Use the Documents page to upload all documents related to the filing.  FedEZFile will accept Word, Excel, and PDF files.

Files may not be password protected. The documents must be under 50MB, not contain any special characters in the document name, and not be zip files.  The system will scan the documents for viruses and alert the user of any viruses or incompatible document types. Please note: you must upload at least one document in order to submit or save the filing.

1. Click the  button to search for the document to be uploaded from a local drive OR drag & drop the document into the area marked Drop files here. (item 1 in the screen shot below)
2. Choose up to 3 document identifiers from the dropdown list. At least 1 document identifier must be selected. (item 2 in the screen shot below)
3. Click the checkbox under Confidential if seeking confidential treatment for the document (item 3 in the screen shot below). Some document identifiers will default to Confidential and cannot be changed. Note that selecting “Confidential” is not sufficient to claim confidentiality and that each confidential submission should contain a request for confidential treatment, consistent with the Board’s Rules Regarding Availability of Information located at 12 CFR 261.17.

To add more documents, click Add Document and repeat steps 1-3.

Click the checkbox to confirm - The uploaded document(s) are not password protected. (item 4 in the screen shot below)

If you make a mistake, you can click the X at the end of any document row to delete it. 

If you are unable to complete the submission at this time, you may choose “SAVE AS PRELIMINARY UNSUBMITTED” and return at a later time to finalize. The filing must be submitted with in seven calendar days from initiation, or it will be deleted.

If you are ready to finalize your submission, click SUBMIT in the bottom right corner of the screen.

After clicking Submit, click YES to attest that you are acting on behalf of the selected financial institution or individual.

Once the submission is complete, a confirmation message with the filing number will appear.

Select CLOSE to return to the FedEZFile Home page.

What is an RSSD ID?

An RSSD ID is a unique identifier assigned to a financial institution by the Federal Reserve.  You can look up an RSSD ID on the National Information Center (NIC) website here.

What is NIC?

The National Information Center (NIC) provides comprehensive financial and structure information on banks and other institutions for which the Federal Reserve has a supervisory, regulatory, or research interest including both domestic and foreign banking organizations that operate in the U.S. 

Applicant Organization Type

Filing Type

Detailed Type

Determinations

23A Exemptions

4(c)8 Scope

4 (c)ii

Agency Comment Request

914

Change in Bank Control

Other

Branch

Closure

Consolidation

Relocation

Control

DPC Extension Time (Domestic)

Regulation Y, §225.12 (b)

Regulation Y, §225.22 (d)(1)

Regulation Y, §225.28 (b)(2)(vii)

DPC Extension Time (Foreign)

FHC

Fin Act (Financial Activity)

Post Notice

Other

Copy of Supervisory Exam Report

Is an application required

Investments

Letter of Good Standing

Ownership Review

PWI Post Notice

QFLP (Qualified Family Limited Partnership)

SMB Change in General Character - Request Trust Powers

SMB Change in General Character - Other

Section 19

Withdraw from Membership

Other - Reg K

Advisory Opinion