---
kind: "section"
citation: "12 U.S.C. § 5326"
title: "12"
title_heading: "Banks and Banking"
number: "5326"
heading: "Reports"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/5326"
units:
  - "Chapter 53 — Wall Street Reform and Consumer Protection"
  - "Subchapter I — Financial Stability"
  - "Part A — Financial Stability Oversight Council"
---

# §5326. Reports

- (a) **In general—** Subject to [subsection (b)](#b), the [Council](/usc/12/5301.md?p=8), acting through the [Office of Financial Research](/usc/12/5311.md?p=a-5), may require a [bank holding company](/usc/12/5301.md?p=18-A) with total consolidated assets of $250,000,000,000 or greater or a [nonbank financial company supervised by the Board of Governors](/usc/12/5311.md?p=a-4-D), and any [subsidiary](/usc/12/5301.md?p=18-A) thereof, to submit certified reports to keep the [Council](/usc/12/5301.md?p=8) informed as to—
  - (1) the financial condition of the [company](/usc/12/5381.md?p=a-5);
  - (2) systems for monitoring and controlling financial, operating, and other risks;
  - (3) transactions with any [subsidiary](/usc/12/5301.md?p=18-A) that is a [depository institution](/usc/12/5301.md?p=18-A); and
  - (4) the extent to which the activities and operations of the [company](/usc/12/5381.md?p=a-5) and any [subsidiary](/usc/12/5301.md?p=18-A) thereof, could, under adverse circumstances, have the potential to disrupt financial markets or affect the overall financial stability of the United States.
- (b) **Use of existing reports—**
  - (1) **In general—** For purposes of compliance with [subsection (a)](#a), the [Council](/usc/12/5301.md?p=8), acting through the [Office of Financial Research](/usc/12/5311.md?p=a-5), shall, to the fullest extent possible, use—
    - (A) reports that a [bank holding company](/usc/12/5301.md?p=18-A), [nonbank financial company supervised by the Board of Governors](/usc/12/5311.md?p=a-4-D), or any [functionally regulated subsidiary](/usc/12/5301.md?p=11) of such [company](/usc/12/5381.md?p=a-5) has been required to provide to other Federal or [State](/usc/12/5301.md?p=16) regulatory agencies or to a relevant foreign supervisory authority;
    - (B) information that is otherwise required to be reported publicly; and
    - (C) externally audited financial statements.
  - (2) **Availability—** Each [bank holding company](/usc/12/5301.md?p=18-A) described in [subsection (a)](#a) and [nonbank financial company supervised by the Board of Governors](/usc/12/5311.md?p=a-4-D), and any [subsidiary](/usc/12/5301.md?p=18-A) thereof, shall provide to the [Council](/usc/12/5301.md?p=8), at the request of the [Council](/usc/12/5301.md?p=8), copies of all reports referred to in [paragraph (1)](#b-1).
  - (3) **Confidentiality—** The [Council](/usc/12/5301.md?p=8) shall maintain the confidentiality of the reports obtained under [subsection (a)](#a) and paragraph (1)(A) of this subsection.

## Source credit

(Pub. L. 111–203, title I, § 116, July 21, 2010, 124 Stat. 1406; Pub. L. 115–174, title IV, § 401(c)(1)(B), May 24, 2018, 132 Stat. 1358.)

## Notes

### Editorial Notes

### Amendments

2018—Subsec. (a). Pub. L. 115–174 substituted “$250,000,000,000” for “$50,000,000,000” in introductory provisions.

### Statutory Notes and Related Subsidiaries

### Effective Date of 2018 Amendment

Except as otherwise provided, amendment by Pub. L. 115–174 effective 18 months after May 24, 2018, see section 401(d) of Pub. L. 115–174, set out as a note under section 5365 of this title.

### Construction of 2018 Amendment

For construction of amendment by Pub. L. 115–174 as applied to certain foreign banking organizations, see section 401(g) of Pub. L. 115–174, set out as a note under section 5365 of this title.