Board of Governors of the Federal Reserve System

Data Dictionary

Item Number 4346

Call confidentiality applies to FFIEC 031/041.

Data Description:

Includes changes in the bank's total equity capital resulting from:

(1)   Sale of the bank's perpetual preferred stock or common stock;

(2)   Exercise of stock options, including: (a) any income tax benefits to the bank resulting from the sale of   the bank's own stock acquired under a qualified stock option within three years of its purchase by the   employee who had been granted the option; and (b) any tax benefits to the bank resulting from the   exercise (or granting) of nonqualified stock options (on the bank's stock) based on the difference   between the option price and the fair market value of the stock at the date of exercise (or grant);

(3)   Conversion of convertible debt, limited-life preferred stock, or perpetual preferred stock into perpetual   preferred or common stock;

(4)   Redemption of perpetual preferred stock or common stock;

(5)   Retirement of perpetual preferred stock or common stock;

(6)   Acquisition (without retirement) and resale or other disposal of the bank's own perpetual preferred   stock or common stock, i.e., treasury stock transactions; and

(7)   Sale or repayment of net worth certificates (and mutual capital certificates issued to the Massachusetts   Mutual Savings Central Fund).

Also includes the net decrease in equity capital which occurs when cash is distributed in lieu of fractional shares in a stock dividend, and the net increase in equity capital when a stockholder who receives a fractional share from a stock dividend purchases the additional fraction necessary to make a whole share. For banks opened since January 1 of the year-to-date reporting period, report opening (original) equity capital in this item. Pre-opening income earned and expenses incurred from the bank's inception until the date the bank commenced operations should be reported in the Report of Income using one of the two following methods, consistent with the manner in which the bank reports pre-opening income and expenses for other financial reporting purposes:

(1) Pre-opening income and expenses for the entire period from the bank's inception until the date he bank commenced operations should be reported in the appropriate items of Schedule RI, Income Statement, each quarter during the calendar year in which operations commenced; or

NOTE:

Beginning 3/31/1999, the definition was revised.

Reported in Schedule RI-A for the FFIEC 032 and 033 reports.

Reported in Schedule B for the FR Y-7 (FNBK) report. Reported only by nonbank subsidiaries with total assets of more than $150 million.

(2) Pre-opening income and expenses for the period from the bank's inception until the beginning of the calendar year in which the bank commenced operations should be included, along with the bank's opening (original) equity capital, in this item. The net amount of these pre-opening income and expenses should be identified and described in Schedule RI-E, item 9. Pre-opening income earned and expenses incurred during the calendar year in which the bank commenced operations should be reported in the appropriate items of Schedule RI, Income Statement, each quarter during the calendar year in which operations commenced.
Note: For reporting in 1984 only: banks with outstanding limited-life preferred stock as of December 31, 1983, that is included in "Equity Capital End of Previous Calendar Year (3215)" should report the year-end 1983 balance of such limited-life preferred stock, including any amounts received in excess of its par or stated value, in this item as a reduction of equity capital.