Data Dictionary
Item Number J160
LESS: SHORTFALL OF ELIGIBLE CREDIT RESERVES BELOW TOTAL EXPECTED CREDIT LOSSES (50 PCT OF THE SHORTFALL PLUS ANY TIER 2 CARRYOVER)Call confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| AAABJ160 | 2008-03-31 | 2013-12-31 | Yes | FFIEC 101 |
| AAATJ160 | 2008-03-31 | 2010-12-31 | Yes | FFIEC 101 |
| CASEJ160 | 2013-09-30 | 2014-03-31 | Yes | FR Y-14A |
| CPSEJ160 | 2013-09-30 | 2014-03-31 | Yes | FR Y-14A |
Data Description:
Eligible credit reserves are defined as all general allowances, including the ALLL, that have been established through a charge against earnings to absorb credit losses associated with on- or off-balance sheet wholesale and retail exposures. Eligible credit reserves would not include other specific reserves created against recognized losses.
A thrift's total expected credit losses (ECL) is the sum of the ECL for all wholesale and retail exposures other than exposures to which the thrift has applied double default treatment. The thrift's ECL for a wholesale exposure to a non-defaulted obligor or for a segment of non-defaulted retail exposures that is carried at fair value with gains and losses flowing through earnings or that is classified as held-for-sale and is carried at the lower of cost or fair value with losses flowing through earnings is zero. For all other wholesale exposures to non-defaulted obligors or segments of non-defaulted retail exposures, the product of PD times LGD times EAD for the exposure or segment. The thrift's ECL for a wholesale exposure to a defaulted obligor or a segment of defaulted retail exposures is equal to the thrift's impairment estimate for allowance purposes for the exposure or segment.
A shortfall is created when the total dollar amount of ECL exceeds the thrift's eligible credit reserves. If there is a shortfall of eligible credit reserves compared to ECL, the thrift must deduct 50 percent of the shortfall from tier 1 capital and 50 percent from tier 2 capital. If the amount deductible from tier 2 capital exceeds the thrift's actual tier 2 capital, the thrift would deduct the excess from tier 1 capital (this amount is referred to as the tier 2 carryover).