Data Dictionary
Item Number 2225
DEDUCTION FOR LOW-LEVEL RECOURSE AND RESIDUAL INTERESTSCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| SVCC2225 | 1998-03-31 | 2011-12-31 | No | OTS 1313 |
Data Description:
Includes the amount of recourse liability (low level recourse amount) retained by savings association when it is less than the capital requirement for credit-risk exposure and therefore not converted to an on-balance-sheet equivalent. For example, in the sale of most assets with 1% recourse, the amount of liability retained usually is less than the capital requirements, and therefore 1% of the assets sold would be reported in item no. 2225 or 2226.
Also, includes the amount of on-balance-sheet financial instruments reported pursuant to SFAS No. 125 representing subordinated credit risk interests, including interests in spread accounts and asset pools. (However, a savings association's low-level recourse requirement may exceed the amount of this instrument ifthe savings association is subject to credit losses exceeding the amount of theinstrument).
NOTE:
Reported on Schedule CCR for the SVGL report.
COMPARABILITY:
Prior to 3/31/02, item name was "Low-level Recourse Deduction."