Data Dictionary
Item Number 0402
SECURITIES ISSUED BY STATES AND POLITICAL SUBDIVISIONS IN THE U.S. - BOOK VALUECall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| RCFD0402 | 1984-03-31 | 1986-12-31 | No | Multiple Forms |
| RCFD0402 | 1987-03-31 | 1989-12-31 | No | Multiple Forms |
| RCFD0402 | 1990-03-31 | 1993-12-31 | No | Multiple Forms |
| RCFN0402 | 1984-03-31 | 1986-12-31 | No | Multiple Forms |
| RCFN0402 | 1987-03-31 | 1993-12-31 | No | Multiple Forms |
| RCON0402 | 1984-03-31 | 1986-12-31 | No | Multiple Forms |
| RCON0402 | 1987-03-31 | 1993-12-31 | No | Multiple Forms |
Data Description:
Includes the book value of all securities issued by states and political subdivisions in the United States not held in trading accounts. (On the FFIEC 031, this item is reported as single totals for the fully consolidated bank in columns A and B but with a breakdown into three categories for domestic offices in column C.) States and political subdivisions in the U.S. includes: (1) the fifty states of the United States and the District of Columbia and their counties, municipalities, school districts, irrigation districts, and drainage and sewer districts; and (2) the governments of Puerto Rico and of the U.S. territories and possessions and their political subdivisions.
Treatment of industrial development bonds (IDBs). Industrial Development Bonds (IDBs), sometimes referred to as "industrial revenue bonds," are typically issued by local industrial development authorities to benefit private commercial and industrial development. Depending on the particular issue of IDB's, they provide either taxable or tax exempt income to the holders of the bonds. For purposes of these reports (the FFIEC 031, 032, 033 and 034), all IDB's that are rated by a nationally-recognized rating service must be reported in this item (in item 3769) as securities issued by states and political subdivisions in the U.S. IDB's that are not rated must be included as loans in item 2033 or 2079, as appropriate, unless the bank chooses to review each nonrated IDB it holds in order to determine whether it has the characteristics of a security or of a loan. In such a case, the bank shall report nonrated IDB's with the characteristics of securities in this item and nonrated IDB's with the characteristics of loans in item 2107.
Also includes (in item 3769) as securities issued by states and political subdivisions in the U.S. all obligations other than IDB's that meet any of the following criteria: (1) nonrated obligations of states and political subdivisions in the U.S., other than those specifically excluded below, that the bank considers securities; (2) notes, bonds, and debentures (including tax warrants and tax anticipation notes) that are rated by a nationally-recognized rating service; and (3) obligations of state and local governments that are guaranteed by the United States Government.
Excludes all overdrafts of states and political subdivisions in the U.S., all lease financing receivables of states and political subdivisions in the U.S., all nonrated IDB's that are to be reported as loans in accordance with the reporting treatment described above, all other nonrated obligations of states and political subdivisions in the U.S. that the bank considers loans, and all obligations of states and political subdivisions in the U.S. held by the reporting bank in trading accounts.
COMPARABILITY:
Beginning 3/31/90, includes the sum of "General Obligations - Book Value (3767)", "Revenue Obligations - Book Value (3768)" and "Industrial Development and Similar Obligations - Book Value (3769)".
Beginning 3/31/87, this item includes the sum of items "Taxable Securities - Book Value (0301)" and "Tax Exempt Securities - Book Value (0303)".