Board of Governors of the Federal Reserve System

Data Dictionary

Item Number 0451

Call confidentiality applies to FFIEC 031/041.

Data Description:

Includes the net amount of unamortized loan fees, direct loan origination costs, and unamortized premiums and discounts on mortgage loans reported in items 0131, 0109, 0133, 2687, 2689, 0113, 0136, and 1534. Report this line as negative (i.e., a debit) only when unamortized premiums and deferred direct origination costs exceed the total of deferred loans fees and unamortized discounts. Amortize mortgage loan yield adjustments in item 2731 in accordance with FAS No. 91.

Also includes:

1. Unamortized loan origination and commitment fees, and deferred direct loan origination costs;

2. Unamortized premiums and discounts on mortgage loans purchased at other than face value due to   changes in market rates;

3. Unamortized premiums and discounts on mortgage loans arising from purchase accounting adjustments   due to purchase at other than face value;

4. Unamortized difference in the principal amounts in reciprocal sales of mortgage loans (i.e., when the   principal amount of the mortgage loans purchased is greater than or less than the principal amount of the   mortgage loans sold);

5. Interest paid in advance, lump-sum payments of interest, and unamortized interest as a result of   "buy-downs;"

6. Transfer of lower-of-cost-market valuation allowances on mortgage loans now held for investment   that were previously classified as held for sale. These loans are not marked up to cost at reclassification,   the difference between cost and market at date of transfer is treated as a discount and is amortized in item   2731 in accordance with FAS No. 91;

7. Deferred gains on the sale of servicing rights when the related mortgages are retained in the reporting   thrift's portfolio; and

8. Deferred gains on the sale of profit participations on ADC loans in accordance with the AICPA Third   Notice to Practitioners--ADC Arrangements, paragraph #18, issued February 10, 1986.

Excludes discounts and premiums on mortgage loans held in a trading portfolio, directly adjust the asset balance, or yield adjustments on mortgage pool securities, reported in item 0444.