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TIC SHLA - Federal Reserve Bank of New York

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Summary <strong>of</strong> Differences (cont.)<br />

SLT<br />

� Quarterly, then monthly<br />

� Honor system<br />

� Revisions over several<br />

reporting periods<br />

� Aggregates<br />

SHL(A) and SHC(A)<br />

� Quinquennial or Annual<br />

� Partial honor system for<br />

quinquennial; required if<br />

notified<br />

� No revisions after<br />

publication<br />

� Details by security

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