Board of Governors of the Federal Reserve System

Data Dictionary

Item Number S292

Call confidentiality applies to FFIEC 031/041.

Data Description:

Report the total U.S. non-branch and agency assets of the top-tier FBO's U.S. domiciled affiliates. Total U.S. non-branch and agency assets are the sum of the total combined assets of a top-tier FBO's top-tier U.S. domiciled affiliates excluding the assets of its U.S branches and agencies. Total combined assets of the top-tier FBO's U.S. domiciled affiliates should also exclude the assets of section 2(h)(2)companies as defined in section 2(h)2 of the Bank Holding Company Act (12 U.S.C. 1841(h)(2)) and debt previously contracted (DPC) branch subsidiaries. In situations where a top-tier U.S. domiciled affiliates is a parent of one or more subsidiaries, the top-tier FBO should consolidate the assets of the affiliate and its subsidiaries, in accordance with U.S. Generally Accepted Accounting Principles (GAAP), and the total consolidated assets (or total assets, as applicable) of each top-tier U.S. domiciled affiliate should be combined. Where a top-tier U.S. domiciled subsidiary is not consolidated with the FBO for GAAP purposes, that entity shall be accounted for under the equity method and the sum of the amount of the investments should be included in the sum of the total combined assets of top-tier U.S. domiciled affiliates. The sum of the total combined assets of top-tier U.S. domiciled affiliates reported by a top-tier FBO should exclude intercompany balances and intercompany transactions between the FBO's U.S. domiciled affiliates to the extent such items are not already eliminated in consolidation. However, the sum of the total combined assets of top-tier U.S. domiciled affiliates reported by a top-tier FBO should include asset exposures to U.S. branches, or agencies of the FBO and to non U.S. domiciled affiliates. In cases where the non U.S. domiciled affiliate is already consolidated with a top tier U.S. domiciled affiliate these exposures are excluded.