Data Dictionary
Item Number 4514
ALL OTHER EXPENSES INCLUDED IN SCHEDULE RI EXPENSE ITEMS THAT ARE NOT DEDUCTIBLE FOR FEDERAL INCOME TAX PURPOSESCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| BHCK4514 | 1987-09-30 | 1990-06-30 | No | FR Y-9C |
| RIAD4514 | 1987-03-31 | 1988-12-31 | No | Multiple Forms |
Data Description:
Includes the bank's best estimate of the amount of all year-to-date expenses included in Schedule RI expense items (other than the amount of interest expense subject to a 100 percent loss of deductibles which is to be reported in item 4513) that are not deductible for federal income tax purposes, that is, expenses (other than as noted) that represents permanent differences between the reporting bank's taxable income and its Schedule RI pre-tax income. Nondeductible expenses to be reported in this item includes (but are not limited to):
(1) 20 percent of the interest expense incurred to carry: (a) tax-exempt securities, loans, and leases of states and political subdivisions in the U.S. acquired after December 31, 1982, but before August 8, 1986, and (b) so-called "qualified tax-exempt obligations" acquired after August 7, 1986;
(2) Premiums paid on officers' life insurance policies where the bank is the beneficiary; and
(3) Amortization expense of goodwill. The general formula that may be used for computing the amount of interest expense that is subject to a 20 percent loss of deductibles is as follows:
Tax-Exempt Securities, Loans, And Leases Of States And
Political Subdivisions In The U.S. Acquired After 12-31-82
But Before 8-8-86 Plus "Qualified Tax-Exempt Obligations" Year-To-Date X
Total Interest X 20%
Acquired After 8-7-86 (Year To Date Average) Expense (Schedule RI, item 4073)
Total Assets (Year-To-Date Average)
Excludes all timing differences between the reporting bank's taxable income and its Schedule RI pre-tax income such as differences between the bank's provision for loan and lease losses (as reported in item 4230) and transfers to the tax reserve for bad debts and differences between book and tax depreciation. For the March 31, June 30, and September 30 Call reports, the amount reported in this item should not be an estimate of the amount of expenses that will not be deductible for the entire calendar year.