Board of Governors of the Federal Reserve System

Data Dictionary

Item Number 5313

Call confidentiality applies to FFIEC 031/041.

Data Description:

Includes the assets that are required by OTS Regulation 567.5(c) to be deducted from total capital that have not been deducted elsewhere.

Also includes:

(1). Investments in other depository institutions (reciprocal holdings) that can be counted by those institutions in their regulatory capital (e.g., capital stock, qualifying subordinated debt, etc.)

(2) The applicable percentage of all direct equity investments (including mutual funds whose portfolio contains any equity investments) of the reporting thrift in which there is less than a 5% ownership interest and lower tier subsidiaries and equity investments that are not required to be consolidated under GAAP; and the applicable percentage of that portion of land loans and nonresidential construction loans in excess of 80% loan-to-value ratio.

The term "equity securities" means any:

1. Stock;

2. Certificate of interest of participation in any profit sharing agreement;

3. Collateral trust certificate or subscription;

4. Preorganization certificate or subscription;

5. Invetment Contract;

6. Voting trust certificate;

7. Securities immediately convertible into equity securities at the option of the holder without payment of substantial additional consideration (e.g., convertible subordinated debt);

8. Securities carrying any warrant or right to subscribe to or purchase an equity security;

9. Investments, loans, advances, and guarantees issued on behalf of unconsolidated subordinate organizations;

10. Investments in real property not classified as fixed assets or repossessed property.

Do not include:

1. Interests in real property that are primarily used by the savings association, its subsidiaries, subordinate organizations, or affiliates as offices or related facilities for the conduct of its business; reported in item no. 5339;

2. Interests in real property that are acquired in the satisfaction of a debt previously contracted in good faith or acquired in sales under judgments or decrees (i.e., REO); reported in item no. 5339;

3. FHLBank Stock;

4. Equity investments that are permissible for both saviangs associations and national banks, which are risk-weighted at 100% in item no. 5339. These include:

          a. FHLMC Stock;
          b. FNMA Stock;
          c. Equity investments in subordinated organizations not constituting subsidiaries under OTS Regulation 567.1(dd)(i.e., investments in subordinate organizations not consolidated under GAAP) that are solely engaged in activities as agent for customers or engaged as principal in activities permissible for national banks or otherwise includable under Section 5(t) of the HOLA;
          d. Real estate loans that are considered as equity investments under GAAP and are permissible investments for national banks; and
          e. Mutual funds and pass-through investments as defined in OTS Regulation 560.32, that invest in any of the above categories of permissible equity investments.

5. Investments in subsidiaries and/or equity investments that are fully covered by FSLIC or any successor agency. Report the entire amount of such investment in item no. 5318; savings associations are not required to deduct such investments from capital.

NOTE:

Beginning 9/30/2002, item two under "Also Includes" has been revised to the entire amount of all the following items:

a. Your nonincludable debt and equity investments including debt and equity investments in subordinate organizations not constituting subsidiaries under 12 FR 567.1 (investments in entities not consolidated under GAAP) that engage as principal in activities impermissible for national banks and not otherwise includable under 5(t) of HOLA.

b. Investments in real property except real property primarily used or intended to be used by you, your subsidiaries, subordinate organizations, or affiliates as offices.

c. Real property acquired in satisfaction of a debt where you intend to hold the property for real estate investment purposes or do not expect to dispose of it within five years.

Beginning 9/30/1999, for the SVGL report, item 4d. was revised.