Board of Governors of the Federal Reserve System

Data Dictionary

Item Number 2808

Call confidentiality applies to FFIEC 031/041.

Data Description:

Includes the amount outstanding of borrowings with original maturities of less than a year including repurchase agreements not included in "U.S. Government and Federal Agency Securities Sold Under Repurchase Agreements With Original Maturities of Less Than One Year to Non-Exempt Entities (2806)" and gross purchases of federal funds from U.S. offices of the following entities: U.S. commercial banks and trust companies that are not members of the Federal Reserve System and their operations subsidiaries; a U.S. branch or agency of a bank organized under foreign (non-U.S.) law whose worldwide banking assets are 1 billion or less (U.S. dollars); mutual and stock savings banks; building or savings and loan associations; cooperative banks; credit unions; U.S. Government agencies and instrumentalities including the Federal Home Loan Bank Board, Federal Home Loan Banks, Banks for Cooperatives, Federal Intermediate Credit Banks, Federal Land Banks, Federal Home Loan Mortgage Association, FDIC, Federal National Mortgage Association (excludes borrowings from the U.S., such as treasury tax and loan account note balances); Export-Import Bank of the U.S.; Government Development Bank of Puerto Rico; MINBANC Capital Corporation; Edge Act Corporations not engaged in banking, and securities dealers (when the borrowing has a maturity of one day, is in immediately available funds, and is in connection with the clearance of securities).
Borrowings with original maturities of less than one year that are issued to entities above includes gross purchases of federal funds; promissory notes; acknowledgments of advance, and similar obligations, whether secured or unsecured, written or oral, in immediately available clearinghouse, or other funds; repurchase agreements involving assets or securities other than securities of, or fully guaranteed by, the U.S. government and federal agencies; mortgage-backed securities that are issued by any branch or agency in the foreign bank family and that represent sales of participation certificates in pools of one to four family mortgages when the foreign bank family retains more than a 10 percent interest in the pool; due bills and similar obligations that are issued by any branch or agency in the foreign bank family and that involve a receipt of funds by the foreign bank family to be used in its banking business and overdrawn balances in deposit accounts held at entities in above paragraph.
Excluded are borrowings from any U.S. office of (a) a bank that is a member of the Federal Reserve System and the bank's operations subsidiaries, (b) an Edge Act or Agreement Corporation or (c) a branch or agency of a bank organized under foreign law whose worldwide banking assets exceed 1 billion (U.S. dollars); borrowings of the type indicated in above paragraph from any entity not designated in first paragraph, i.e., generally nonbanks (if of original maturity of 30 days or more but less than one year and in an amount of $100,000 or more, borrowings of this nature are included in "All Time Deposits of $100,000 or More With Original Maturities of Less Than One Year (2608)"; borrowings from a Federal Reserve Bank; loans sold with recourse; mortgage indebtedness; borrowings from the United States, including treasury tax and loan account note balances; borrowings included in "Other Borrowings With Original Maturities of Less Than One Year from Non-U.S. Banking Offices and Designated Non-U.S. Entities (2849)"; and funds received from sale of bankers acceptances issued or undertaken by any branch or agency in the foreign bank family that are ineligible for discount by Federal Reserve Banks. If the remaining maturity at the time the foreign bank family member receives the proceeds is less than one year, such obligations are included in "Funds Obtained Through the Use of Ineligible Acceptances Maturing in Less Than One Year (2888)".