---
kind: "section"
citation: "12 U.S.C. § 5361"
title: "12"
title_heading: "Banks and Banking"
number: "5361"
heading: "Reports by and examinations of nonbank financial companies by the Board of Governors"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/5361"
units:
  - "Chapter 53 — Wall Street Reform and Consumer Protection"
  - "Subchapter I — Financial Stability"
  - "Part C — Additional Board of Governors Authority for Certain Nonbank Financial Companies and Bank Holding Companies"
---

# §5361. Reports by and examinations of nonbank financial companies by the Board of Governors

- (a) **Reports—**
  - (1) **In general—** The [Board of Governors](/usc/12/5301.md?p=3) may require each [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 reports under oath, to keep the [Board of Governors](/usc/12/5301.md?p=3) informed as to—
    - (A) the financial condition of the [company](/usc/12/5381.md?p=a-5) or [subsidiary](/usc/12/5301.md?p=18-A), systems of the [company](/usc/12/5381.md?p=a-5) or [subsidiary](/usc/12/5301.md?p=18-A) for monitoring and controlling financial, operating, and other risks, and the extent to which the activities and operations of the [company](/usc/12/5381.md?p=a-5) or [subsidiary](/usc/12/5301.md?p=18-A) pose a threat to the financial stability of the United States; and
    - (B) compliance by the [company](/usc/12/5381.md?p=a-5) or [subsidiary](/usc/12/5301.md?p=18-A) with the requirements of this subchapter.
  - (2) **Use of existing reports and information—** In carrying out [subsection (a)](#a), the [Board of Governors](/usc/12/5301.md?p=3) shall, to the fullest extent possible, use—
    - (A) reports and supervisory information that a [nonbank financial company](/usc/12/5311.md?p=a-4-C) or [subsidiary](/usc/12/5301.md?p=18-A) thereof has been required to provide to other Federal or [State](/usc/12/5301.md?p=16) regulatory agencies;
    - (B) information otherwise obtainable from Federal or [State](/usc/12/5301.md?p=16) regulatory agencies;
    - (C) information that is otherwise required to be reported publicly; and
    - (D) externally audited financial statements of such [company](/usc/12/5381.md?p=a-5) or [subsidiary](/usc/12/5301.md?p=18-A).
  - (3) **Availability—** Upon the request of the [Board of Governors](/usc/12/5301.md?p=3), a [nonbank financial company supervised by the Board of Governors](/usc/12/5311.md?p=a-4-D), or a [subsidiary](/usc/12/5301.md?p=18-A) thereof, shall promptly provide to the [Board of Governors](/usc/12/5301.md?p=3) any information described in [paragraph (2)](#a-2).
  - (4) **Data standards for reports under this subsection—**
    - (A) **In general—** The [Board of Governors](/usc/12/5301.md?p=3) shall adopt data standards for all information that, through a collection of information, is regularly filed with or submitted to the [Board of Governors](/usc/12/5301.md?p=3) under this subsection by any [nonbank financial company supervised by the Board of Governors](/usc/12/5311.md?p=a-4-D) or any [subsidiary](/usc/12/5301.md?p=18-A) thereof.
    - (B) **Consistency—** The data standards required under [subparagraph (A)](#a-4-A) shall incorporate, and ensure compatibility with (to the extent feasible), all applicable data standards established in the rules promulgated under [section 5334 of this title](/usc/12/5334.md), [including](/usc/12/5301.md?p=18-A), to the extent practicable, by having the characteristics described in clauses (i) through (vi) of subsection (c)(1)(B) of [section 5334 of this title](/usc/12/5334.md).
- (b) **Examinations—**
  - (1) **In general—** Subject to [paragraph (2)](#b-2), the [Board of Governors](/usc/12/5301.md?p=3) may examine any [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) of such [company](/usc/12/5381.md?p=a-5), to inform the [Board of Governors](/usc/12/5301.md?p=3) of—
    - (A) the nature of the operations and financial condition of the [company](/usc/12/5381.md?p=a-5) and such [subsidiary](/usc/12/5301.md?p=18-A);
    - (B) the financial, operational, and other risks of the [company](/usc/12/5381.md?p=a-5) or such [subsidiary](/usc/12/5301.md?p=18-A) that may pose a threat to the safety and soundness of such [company](/usc/12/5381.md?p=a-5) or [subsidiary](/usc/12/5301.md?p=18-A) or to the financial stability of the United States;
    - (C) the systems for monitoring and controlling such risks; and
    - (D) compliance by the [company](/usc/12/5381.md?p=a-5) or such [subsidiary](/usc/12/5301.md?p=18-A) with the requirements of this subchapter.
  - (2) **Use of examination reports and information—** For purposes of this subsection, the [Board of Governors](/usc/12/5301.md?p=3) shall, to the fullest extent possible, rely on reports of examination of any [subsidiary](/usc/12/5301.md?p=18-A) [depository institution](/usc/12/5301.md?p=18-A) or [functionally regulated subsidiary](/usc/12/5301.md?p=11) made by the [primary financial regulatory agency](/usc/12/5301.md?p=12) for that [subsidiary](/usc/12/5301.md?p=18-A), and on information described in [subsection (a)(2)](#a-2).
- (c) **Coordination with primary financial regulatory agency—** The [Board of Governors](/usc/12/5301.md?p=3) shall—
  - (1) provide reasonable notice to, and consult with, the [primary financial regulatory agency](/usc/12/5301.md?p=12) for any [subsidiary](/usc/12/5301.md?p=18-A) before requiring a report or commencing an examination of such [subsidiary](/usc/12/5301.md?p=18-A) under this section; and
  - (2) avoid duplication of examination activities, reporting requirements, and requests for information, to the fullest extent possible.

## Source credit

(Pub. L. 111–203, title I, § 161, July 21, 2010, 124 Stat. 1420; Pub. L. 117–263, div. E, title LVIII, § 5861(a), Dec. 23, 2022, 136 Stat. 3434.)

## Notes

### Editorial Notes

### References in Text

This subchapter, referred to in subsecs. (a)(1)(B) and (b)(1)(D), was in the original “this title”, meaning title I of Pub. L. 111–203, July 21, 2010, 124 Stat. 1391, which is classified principally to this subchapter. For complete classification of title I to the Code, see Short Title note set out under section 5301 of this title and Tables.

### Amendments

2022—Subsec. (a)(4). Pub. L. 117–263 added par. (4).

### Statutory Notes and Related Subsidiaries

### Rule of Construction Regarding No New Disclosure Requirements

Amendment by Pub. L. 117–263 not to be construed to require certain additional information to be collected or disclosed, see section 5864 of Pub. L. 117–263, set out as a note under section 253 of this title.